diff --git "a/reddit_finance_43_250k_39.txt" "b/reddit_finance_43_250k_39.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_39.txt" @@ -0,0 +1,10000 @@ +Power as a sector in India - The Indian power sector can be broadly divided into Power Generation, Transmission and Distribution (GET&D). All other companies and sectors are ancillary to the above three subsegments. + +Power Generation - The Overall generation (Including generation from grid connected renewable sources) in the country has been increased from 850 BU during 2010-11 to 1381.855 BU during 2020-21 a CAGR growth of around 5%. India’s primary energy demand is expected to grow at a CAGR of 4.2% till 2040 faster than any major economy. + + +Of the total installed capacity in India, a majority comes from conventional thermal energy. Thermal energy contributes 61.3% of total installed capacity. Thermal energy consists of Coal (53%), Lignite (1.7%), Gas (6.5%) and Diesel (0.1%). + +The balance comes from Hydro (Renewable) - 12.2%, Nuclear 1.8 % and Renewable Energy Sources - 24.8 % (Small Hydro Project, Biomass Gasifier, Biomass Power, Urban & Industrial Waste Power, Solar and Wind Energy). + +By 2030, renewable energy is expected to contribute around 55% of India’s total power capacity from the current 37%. + +Transmission - The natural resources for electricity generation in India are unevenly dispersed and concentrated in a few pockets. Transmission, an important element in the power delivery value chain, facilitates evacuation of power from generating stations and its delivery to the load centres. For efficient dispersal of power to deficit regions, strengthening the transmission system network, enhancing the Inter-State power transmission system and augmentation the National Grid and enhancement of the transmission system network are required. + +Distribution - Distribution is the most important link in the entire power sector value chain. As the only interface between utilities and consumers, it is the cash register for the entire sector. + +Large Indian companies in Power and ancillary sectors - + +Adani Green Energy Limited - 1,59,436 crores - Largest green energy player in India (after acquisition of SB Energy) + +Power Grid Corporation of India - 1,20,457 crores - Largest transmission player in India - 45% market share in transmission + +NTPC Limited - 1,14,227 crores - Largest Power generator in India - 22.4% market share. + +Adani Transmission - 1,10,036 crores- One of the largest private sector transmission players in India - + +Adani Power - 42,253 crores - Electricity generation and distribution - 3.8% market share + +Tata Power - 39,766 crores - Electricity generation and distribution - 4.1% market share + +JSW Energy - 27,574 crores - Electricity generation and distribution - + +NHPC - 26,218 crores - Hydro-electric power generation - 15% market share in hydro-electric power generation + +Torrent Power - 22,839 crores - Electricity generation and distribution - 1.6% + +Indian Energy Exchange Limited - 11,889 crores - Indian energy exchange is the largest energy exchange which provides an automated platform and infrastructure for carrying out trading in electricity units for physical delivery of electricity. + +SJVN - 11,102 crores - Electricity generation and distribution - 0.7% + +CESC - 10,527 crores - Electricity generation and distribution - 4.1% + +Renewable/ Green Energy Sector - + +Global Tailwinds for Green Energy - + +The new Biden administration in US officially rejoining the Paris Climate Accord, renewing its commitment to achieve zero net emissions by 2050. This represents a boost for the renewable energy sector given that US is the second largest emitter of greenhouse gases. + +Domestic Tailwinds for Green Energy - + +Hydro-power - Hydropower has been the dominant source of renewable electricity in India for a long time. In the late 1970s hydropower alone accounted for around 40% of total electricity generation, hydro-power market share has fallen rapidly due to larger capital requirements, delays in construction of dams due to environmental and political concerns and increased availability of coal which is cheaper. The future prospects for hydro-power are very limited. + +Solar and wind energy - Solar and Wind energy are the flag bearers of the entire renewable space and is expected to lead the entire Green Energy space. While he prices of fossil fuels have increased over the years, solar energy costs have been declining, having achieved grid parity a few years ago, accelerating the traction for this clean energy source. India’s solar energy potential is more than 21x its existing capacity, India’s wind energy potential is more than 9x its existing capacity signalling a multi-decadal opportunity in the renewable space. + + +Bioenergy - The principal source is co-generation units using bagasse residues from India’s large sugar industry. Using biomass for power generation is a more sustainable use of bioenergy resources than the traditional use in households. + +Market Size - As of 31st March, 2021, India’s installed renewable energy capacity was 94 GW; solar and wind energy capacity comprised 40 GW and 39 GW respectively. Biomass and small hydro power constituted ~10 GW and 4.78 GW respectively. India’s installed renewable power capacity increased at a CAGR of 17.33% between FY14 and FY20. and is expect to grow at a similar CAGR from 2021-2030 as the Indian Government aims to add 360 GW by 2030. + + +Investments in the Indian Energy/Renewable energy - + +From 2000-2020, India’s renewable energy industry saw FDI inflows worth US$ 9.68 billion. + +Below are the key recent deals in Indian energy and renewable energy space - + + +Market size, Structure and Key players - Of the top 10 renewable players in India, 2 are listed in India and 2 are listed in the US. + +Adani Green's takeover of SB Energy consolidates it's position as the largest green Energy player in the country and amongst the top 5 players in the world. Among the other listed players, Tata Power is another large player in the renewable energy space. + +Renew Power is the second largest player and got listed via SPAC on NASDAQ. Azure Power is another Indian player listed in the US. Below is the list of large global and Indian players in renewables space along with their net capacities. + + +Adani Green and SB Energy is now complete, making Adani Green the largest Indian and 5th largest global player . +Valuations and conclusion - The valuation gap between energy stocks in India and US is enormous. While most energy stocks (ex-Adani) in India trade at very modest valuations despite having decent renewable and non-renewable assets, valuations of Azure Power and Renew Power are at a premium valuation. + +Renew Power trades at 13.6 EV/EBITDA when compared to other Indian Listed companies, the global average is at 14.9 EV/EBITDA as shown below. + + +Global companies are trading at a median valuation of 14.9 times EV/EBITDA whereas Indian companies listed in USA are trading at a valuation closer to times EV/EBITDA. + +Indian companies (ex-Adani) trade anywhere from 6.7x to 10.3 EV/EBITDA, a discount of 50-100% to their renewable energy peers. + +Indian Listed players have also started building up renewable capacities and trade at modest valuations. + +Tata Power trades at 10.3 EV/EBITDA + +NTPC trades at 7.57 EV/EBITDA + +Torrent Power trades at 8.14 EV/EBITDA + +While the argument that pure-play renewable Indian companies should trade at a premium against conventional power companies is valid however most pure play renewable Indian companies have taken large debt to fund the expansion space. + +Azure and Renew Power have 4x Debt to Equity which leaves little margin of error and the companies will have little to no free cash flow at least for the nearer future. + +In India, most power companies are more conservative in nature, have been swiftly adding newer capacities in the renewables space and many have an earnings yield greater than the government yield of 6 percent. + +Debt Equity ratio - Tata Power - 2.24, Torrent Power - 0.66 and NTPC 1.57. + +Earnings Yield - Tata Power - 6.30%, Torrent Power - 7.93% NTPC - 9.16% + +Conclusion - The majority of points which resulted in underperformance of power sector has been resolved. + +Indian power companies have become better capital allocators and have become more conservative in taking debt. + +Government has made efforts to improve DISCOM which has reduced counter party risk including liquidity infusion of 15 billion USD in 2020. + +The sector is at historical low valuations + +India’s power demand growth till 2040 is going to be highest of any large economy coupled with the rapid growth of green energy, low valuations and predictable growth in revenue and profitability makes it a prime candidate for rerating in the long run. + +Disclosure - Currently monitoring some stocks in the theme, not invested in any of the power companies. +Nearly 70% of India’s largest portfolio schemes by assets lagged the benchmarks in the last fiscal amid volatility. As many as 14 of the top 20 schemes—with cumulative assets under management worth Rs 1.17 lakh crore—tracked by BloombergQuint, underperformed, according to data disclosed on the Securities and Exchange Board of India’s +website. The benchmark returns in FY22 were less than a year ago as markets turned choppy amid uncertainties around costlier commodities, foreign selling, the U.S. Federal Reserve’s rate hike cues, crude surge and Russia's Ukraine invasion. + +On an average, total returns for the top 20 schemes stood at 20.89% during the fiscal compared with the benchmarks’ 20.95%. That was mostly aided by three portfolio schemes comprising mid- and small-cap companies. +The top 20 schemes accounted for 53% of the total assets under management of the portfolio managers. These schemes together witnessed a net inflow of Rs 9,688 crore in FY22. Portfolio schemes of White Oak Capital Management and IIFL saw the highest inflows during the year. The IIFL scheme outperformed the Nifty 50. The three schemes that returned the most gains in FY22 were Old Bridge All Cap Fund and Alchemy High Growth Select Stock—benchmarked against the BSE 500—and Unifi’s Blended Rangoli, benchmarked against the BSE Midcap Index. + +Article: https://www.bloombergquint.com/business/indias-top-portfolio-managers-failed-to-beat-benchmark-indices-in-fy22 + + +DOGE mania is bringing lots of new clueless people here and the sub feels cluttered with a lot of newbie threads about basics that have been covered in depth over and over. + +How should we deal with this? A stickied FAQ or at least a pinned post urging newbies to use the search function seems like it would be helpful. + +I wish nothing but the best for everyone joining us, but not fond of scrolling through 10 newbie threads to find a technical discussion about coins with serious use cases. + +Edit: perhaps a DOGE megathread to contain it? +I’m seeing far too much chatter from people who are a.) sure we are entering a 2 year bear market and others who are b.) sure this is just a dip in an extended cycle. + +I have a question for all of you people: when was the last time you were hungry, and I mean really hungry? When was the last time you were already late for rent and wondering what around your house you could sell to make up the difference? + +Make no mistake: I am a crypto maximalist. One of the OGs. But I also strive to be a realist. And let me assure you: people who can’t afford basic necessities don’t have time for made up internet coins. + +After being involved with crypto for many years I went through a rough patch in 2019 - 2020 where I was on food stamps and begging for rent money on social media. I was selling my shit on eBay and relying on charity to make it from one month to the next. I gotta say, I gave zero shits about what was going on in crypto land. My vision was focused on just making it day to day. + +And I think a lot of people are going to end up in that same mindset if a real recession hits us. People aren’t gonna have extra money to buy *any* crypto, not monkey nfts, not dog coins, not Algorand, not Ether, not even fucking Bitcoin itself. + +And I think you should mentally prepare for that. + +It should be a possibility on your mental list that crypto might be about to experience it’s first *true* crash, and it will seem like an extinction level event. + +——— + +edit: the fact that this is getting almost unanimously derided as bullshit (originally was downvoted to zero) suggests to me that I’m probably right. Y’all ride that hopium into the ground. To make money in this game you need to do the *opposite* of what everyone believes. It’s okay, I remember what my first bull market felt like too. + +——— + +edit 2: I don’t have the energy to reply to the hundreds of comments screeching “how are you an OG if you were on food stamps!” as if people can’t make mistakes, and if they do, as if they suddenly don’t have wisdom to share. The mistakes are what creates the wisdom. My alt account is /u/americanpegasus. I have been in crypto since 2012, and during the past ten years have both made and lost extraordinary sums of money. I wish you the same so that perhaps you can come out of it a little wiser for the journey. +Welcome to the Daily General 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 meant to be more relaxed compared to the serious daily thread. Memes, lambos, moons are all welcome. +- If the front page gets overloaded with memes, all but the top two posted and voted on may be removed. Basically, please post memes in this thread first and upvote the best so the mods know which ones to keep if we need to remove a bunch of memes from the front page. +- **For more focused and orderly discussion, please go to the [Serious] Daily Markets Discussion thread. You can find it by [clicking here](https://www.reddit.com/r/ethtrader/search?q=%5BSerious%5D+Daily+Markets+Discussion+thread&restrict_sr=on&sort=new&t=all) and choosing the top thread on the search page.** + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our [Ethereum Education wiki page](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Thank you in advance for your participation. Enjoy! + +Edit: I understand that I shouldn't listen to strangers opinions on the internet. However I had no idea where to even start. Now I have resources and information to educate myself on. + +I want to thank those of you who gave really sound advice. It's made this journey a little easier and less stressful. I wish you all happy, healthy and wealthy lives. + + + + + +I am 25 years old and the beneficiary of a $500,000 life insurance policy. No debt, around $40,000 in savings and $3,000 invested in crypto. I grew up in a poor family so I want this wealth to multiply and last for as long as it can. + +I feel a bit overwhelmed. I want to get this right, I'm not even sure what questions to ask. + +So if you had $500,000, what would you invest in? + +Do I let a brokerage invest for me? + +What is the best financial institution to use? + +How much should I put into a retirement account? + +Do I pretend I don't even have this money and let it earn interest until I retire? + +Is there a way to invest so I don't have to work unless I want to? + + +I know at the end of the day my financial freedom is my decision, however I don't think I'm going to get great advice from the people closest to me. + +Thank you for your time. +Living downtown sucks. Living in the suburbs also sucks. The houses are frankly too close together. + +Who here is living far outside the city that it's completely private? No neighbors for miles. +Listen up, there's so much negative sentiment over RC -EVERYWHERE- it's ridiculous. Wasabi, Twatter, MSM. All because of the towel stock "dump" - or is it? + +I'm sure a few of you remember the days of GME ripping assholes back in Dec 2020/Jan 2021, but I believe we're about to see the exact same thing with towel stock, except now to a much more amplified degree thanks to regsho. Prime brokers, hedge funds, market makers are stuck in a feedback loop that they can't get out of without your help (paperhanding). + +[Regulation SHO Threshold Security List (nasdaqtrader.com)](http://nasdaqtrader.com/trader.aspx?id=RegSHOThreshold) + +https://preview.redd.it/5l4avl7x9ri91.png?width=910&format=png&auto=webp&s=042ad4a73a5e3a7961bc15fda381e1afb9baf6e2 + +[Key Points About Regulation SHO (sec.gov)](https://www.sec.gov/investor/pubs/regsho.htm) + +&#x200B; + +[In case you still don't believe naked short selling exists](https://preview.redd.it/57ptkmoy9ri91.png?width=545&format=png&auto=webp&s=a332683a62dbd33430a3c727cac6092055526d10) + +Once a stock makes it on RegSho, ALL OF THE FAILS THAT CAUSED IT TO GET THERE HAVE TO BE CLOSED. But Massive\_Nectarine, how are fails closed out? Well thanks for asking. Either you paperhand them back to the brokers/hedgies/market makers at what THEY determine the price to be (exactly what is happening now), or you wait for their forced closure to be enacted. T+13 or T+35. + +&#x200B; + +https://preview.redd.it/ng6inbp1ari91.png?width=488&format=png&auto=webp&s=012d8bcbd22d56f516deee25d6da7132817b517e + +Dont take my word for it. read the damn rule. + +https://preview.redd.it/www4ime2ari91.png?width=574&format=png&auto=webp&s=760e9a34f7645b0ec76a07ab6916fd39e4e743d9 + +It doesn't say cover. IT SAYS CLOSE. + +Ok cool so what the does this mean, and why the should YOU care? Look at the anatomy of quite possibly every other name brand squizzle. + +&#x200B; + +[credit u\/notraptorguy](https://preview.redd.it/d46kvaf3ari91.png?width=207&format=png&auto=webp&s=5e0dbcf0220edd4762163bca3e0f0c3a91467134) + +GME sneeze + +GME is added to reg sho. T+13 you have a small doinger from hedgies/primes force-closing positions, roughly 1 month later you have MMs force closed on their FTDs. The rest is history. You know what happened next. + +====================================== + +But Massive, I know what happened with GME, why was the ticker placed at PCO only? **BECAUSE FAILS ARE ONLY CLOSED OUT BASED OFF YOU SELLING THEM BACK.** + +This was the "nuke" button. To force YOU to close out your position at a price they were willing to pay. Who is they? Whoever holds the fail obligations. Had people diamond handed their shares, how do you think those positions get force closed? **SPOILER ALERT: THEY DON'T.** The entities with outstanding obligations were able to bring GME off the RegSho threshold list *by* ***inciting panic in people who held FTDs.*** + +====================================== + +What do you think is happening literally right now with towel stock? **THE EXACT SAME THING.** towel stock has a ridiculous amount of FTDs that accumulated over the last runup that HAVE TO BE CLOSED OUT. If you were a prime broker/hedge fund/market maker, would you want to close as many shares as you sold @ max price? + +NO YOU WOULDN'T. You'd want to knock the price down as much as possible, shake as many paperhands loose as you can, so you can cover AS FEW obligations as humanly possible at the lowest price you possibly can. + +======================================= + +Kinda hilarious to see this inorganic "doom and gloom" surrounding towel stock right now when Nothing. Has. Changed. It's almost like this negative sentiment is completely manufactured to reduce damage as much as possible before liftoff. + +Unless you're a paperhand, you're still holding moon tickets - you just dont know it yet. All the paperhands that dumped at a loss? Those are going to be the ones FOMOing back in **ONCE** towel stock rips at both forced closure stages of reg sho, which will subsequently bring retail into $GME from being in the same super shorted basket. + +&#x200B; + +[VW sneeze](https://preview.redd.it/75kix9zbari91.png?width=1014&format=png&auto=webp&s=9689e2793ed547b16a4d8f07081f2d750bd03724) + +Why do you think you see the exact same pattern off every stock that sneezes? If you made it this far in the post and really need me to spell that out to you, read again. It's because of reggie. + +&#x200B; + +What the hell does any of this have to do with $GME? + +&#x200B; + +[my hero](https://preview.redd.it/ajgit76yari91.jpg?width=828&format=pjpg&auto=webp&s=335a5927c303c4f57e735263c189f005f6b031f5) + +RC knew/knows he has to fall on the sword for this one. The old guard only has one option to stop their destruction. Go after the person retail investors look up to the most. If towel stonk rips, GME will rip and retail will pile back into both, creating a regsho feedback mechanism in TWO stocks instead of one. + +https://preview.redd.it/xosmhwxmbri91.jpg?width=332&format=pjpg&auto=webp&s=50e99cd5baefffb3344d28540152757710821d98 + +While y'all are busy wiping your tiny tears with your wifes boyfriends underwear, Goldman Sachs is going net long BY FAR in towel stock to ride this gravy train to the top. They know they're fucked. + +[BBBY Institutional Ownership and Shareholders - Bed Bath & Beyond Inc. (NASDAQ) Stock (fintel.io)](https://fintel.io/so/us/bbby) + +https://preview.redd.it/xphon6miari91.png?width=1440&format=png&auto=webp&s=7eff61ff34691e9e211f7f41f66c752f312cd2e5 + +edit: for the people trying to claim this is about towel stonk, you couldn't be farther from the truth. This is about the macroeconomic implications of whatever the hell is going on in the market. + +https://preview.redd.it/or0g496ejri91.png?width=926&format=png&auto=webp&s=6e944af7d49c43706c3d604b56f72c7df93b587d + +I'd like to add another edit here: **GameStop is the PINNACLE of a symbiotic relationship between a company, its shareholders, and its customers.** In 2020, sentiment was bearish af for GameStop and many people thought it was going under. MSM was pushing that it was going under. Hell, you could probably ask the employees back then and they would have told you that it was going under. + +GameStop sneezed, Wall Street crimed, and retail was shit on. GameStop was able to sell shares ATM to raise cash and has built itself into a powerhouse of a company - self-sufficient with no debt, with the most raving investor base and customer base the stock market has quite possibly ever seen. + +The same sentiment is being pushed in towel stonk right now. Doom and gloom, going bankrupt, RC dumped, bla bla bla. If towel stonk sneezes, or actually hits the mack daddy, it will be free to offer an ATM share offering to raise capital and fix their balance sheet. It doesn't matter what the situation looks like NOW - what matters is shaking the shorts that latch on and bleed the host dry like parasites. Except now the parasites have to deal with both towel stonk AND GameStop moving in LOCKSTEP with each other through stock price appreciation. + +Edit 3: 24 hours in. + +https://preview.redd.it/w6gc8ia6qyi91.jpg?width=389&format=pjpg&auto=webp&s=29e6f0e36b4eb9f1a4fdcbea6360c34e11027d9f + +https://preview.redd.it/ql5xztz9qyi91.jpg?width=557&format=pjpg&auto=webp&s=b1964dcf703a00caa1b0a2ee7b79639e25c213f2 + +&#x200B; + +TLDR: + +Expect the next few months to be some of the heaviest FUD months you've ever experienced in your literal life. Expect crazy misdirection. Expect more hostilities towards you as a "meme stonk" holder from everywhere, because the only thing MSM can do is break you down to stop this. + +This actually has potential to be the end-game if apes and wasabi are still diamond handing enough towel stonks by the time regsho force buy hits, because the entire basket will blast off (INCLUDING 55% float DRS'd GME, the mack freaking daddy of shorted stocks). + +GME never ended. Towel stock never ended. Towel stock being on the regsho threshold list is about to blast both off to uranus. This is what blows up the death star. +HECS/HELP loans have 0% interest but it’s pegged to inflation (CPI). Theoretically, the debt value only goes up to reflect changes in the cost of living. But is that really the case? Are wages keeping up with inflation? If not, doesn’t that mean your debt is effectively increasing not just nominally but also in real terms every year? + +From a recent article in The Sydney Morning Herald: + +“Even before the pandemic recession, wage growth had been stagnant and barely keeping up with inflation. \[…\] Even under the most optimistic forecast, of 2.1 per cent wages growth… wage rises would still fail to outpace the panel’s inflation expectations.” + +[https://www.smh.com.au/politics/federal/wages-to-fall-in-real-terms-despite-sharp-recovery-from-recession-survey-20210226-p5766t.html](https://www.smh.com.au/politics/federal/wages-to-fall-in-real-terms-despite-sharp-recovery-from-recession-survey-20210226-p5766t.html) +I had this idea if i would make another $15 a day for 28 days a month i would have another spare $420 a month which is quite alot. I have an amazing job already with flexable hours shift work ( 4 teams ). So i have alot of free time before and after my job. Which i do not spend useful at this moment most likely browsing or gaming on my computer. I wanna spend it more useful like 1-2 hours a day which i can make another legit $15+ a day. The thing is i don't know exactly how or how to start something. I do not have particular skills, like building or construction work or any other craft. I was hoping you guys had any idea or have a kind of guidance to help a fellow brother out ! +Ok listen up retards... I know it's Friday and some of you short-term monkey brains are thinking about bailing on your brothers. Your paper hands are beginning to cramp up. I get it. **BUT WE CANNOT SELL!** + + +There are still **MASSIVE** amounts of shorts on $GME. Still well over 113% of total shares floated (*from S3 Partners*). Some old shorts have gotten out, but many **NEW** shorts have taken their place in the past couple of days hoping that $GME will die out. + + +# Here is the key part... + +They are literally PRAYING for us to sell our shares and end this entire thing today. They are HOPING that they can make back their money at our expense... **BECAUSE EVERY SINGLE DAY THAT THEY HOLD THEIR SHORT POSITIONS IS COSTING THEM BILLIONS OF DOLLARS COLLECTIVELY!!!** + + +# BILLIONS A DAY. + +All we need to do is **HOLD**. That's it. We will cost them so much money today, next Monday, Tuesday, Wednesday, Thursday, and on and on. Soon enough they won't be able to pay the cost of their shorts or it just won't be worth the cost anymore and they will all eventually have to bail. **THAT IS GOING TO BE THE SQUEEZE**. Once the costs keep adding up, they will start to bail and the rest will follow. + + +WE MUST STAY STRONG. DON’T FORGET WHAT THEY HAVE DONE TO US. IT'S A GAME OF CHICKEN. WHOEVER BLINKS FIRST.. LOSES. +We're not fucking blinking. + + +**TL/DR: HOLD. HOLD. HOLD. THIS WEEKEND INTO NEXT WEEK IS CRUCIAL!** +*(Not financial advice. Entertainment only)* +It’s literally at COVID crash lows - marvel is now huge. Disney plus losing some money but long term should be fine? Disneyland raking in money - plus more cash to flow from Shanghai Disney world once China went over the COVID disaster? + +I’m waiting for another drop to start wheeling it. What do you think? +Let's say, hypothetically, I made $1M YOLOing money into crypto. How sustainable is it to keep selling CSPs for income? I was thinking playing it pretty safe on weeklies (e.g. AAPL 4/30 P126 for $0.54, which is about 0.4% return on capital) and then wheeling back into cash upon assignment. I'm a bit new to thetagang so I'm trying to brainstorm potential pitfalls. Worst case scenario I can think of is another COVID-like event where underlying crashes, I get assigned on puts, then I sell CCs at too low of a strike price, get assigned due to rapid recovery, and now I'm overall down a lot in cash. Any other potentially bad outcomes from this? I would just be playing with stocks I don't mind owning ofc, and would happily take stable 20-40% annual returns over living the degenerate crypto life. + My wife and I recently moved to our new house. It was our final house move and we put 50% down because I had put a lot of equity into our previous house. We got more land and cheaper taxes. It is in a more expensive subdivision with $600k plus houses (ours was not that expensive because we did not want to increase our cost of living). It met all of our needs for what we wanted in a house. We recently went over to a new friends house and it was one of those pristine houses. HGT TV, new everything, etc. Our house has a lot of new features but has some projects (new roof, fixing the basement, yard work, etc.). This got me thinking. + +We do not live excessively or play keeping up with the joneses. We stay out of debt short of the mortgage and cash flow any expenses we have. Before we moved, any additional money went towards the mortgage or big purchases. Even now, I am budgeting for the roof, new car, etc. The only thing that is really eating at our expenses that I hate is childcare. It is the cheapest in town and our parents do not live locally. We both have stable jobs and I also work in the National Guard so I have a bit of extra incoming. + +However, what I cannot wrap my head around is how people afford these houses, furniture, lifestyle, etc.? The most obvious answer is that they live outside of their means. But how do they even do that? The persons house I went over to, they had 3 kids, she does not work and they have an amazing house. We budget for all of our expenses and it always feels like after everything, there is nothing left for fun or money just to buy things. I am always saving for next month, big purchases that I know I will have. I have been investing, saving, working, etc. since college and while I do have fun, it feels like I do not have that cushion to have me money anymore. I know part of that is kids and things I need to save for. But how do people do it? I am at the point where we have saved/invested to have an extremely solid foundations. Now its like I want to live and just do but there is always something that is going to break or needs to be updated. + +Lastly, I know I am extremely fortunate because we are financially secure. It just feels like I spent my time not living to ensure my finances are in order if that makes sense. Not sure if anyone else feels like that or has any advice but I am all ears. +I watched a debate between Milton Friedman and some random college student and he makes three claims about the welfare state: + + +1. The welfare state produces poor people. +2. The welfare state encourages family's to break up. +3. The minimum wage increases black employment. + +How true were those claims when he said that and how true are those claims today? He said this in the 1970s so I would expect them to be dated. +The most glaring misperception I’ve noticed, is that a few investors still think this crack-down is about siphoning money from / purposefully harming Western investors. First off, it’s not about this at all. This is about the CCP fixing China’s own internal problems, and capital as a whole (not just western investors) being collateral damage from this. + +For example, many of these companies that were caught in the new regulations, are already dual- listed in the US and Hong Kong. And some even only have listings in Hong Kong or Mainland. For example, the education sector regulations news broke the night of July 22nd (US time). In the days after, the CSI 300, an index of the 300 largest companies listed in Shanghai and Shenzhen dropped over 10%, and over 20% since its February peak. +Foreign investors make up less than 5% of the domestic Chinese market, so this impact hurt primarily domestic Chinese investors + +Additionally, the Hong Kong market is also dominated by mainland investors, with mainland institutions estimated to comprise ~40% of Hong Kong volumes, while mainland retail investors make up another ~20%. These investors are shareholders of many of the Hong Kong listed technology, education, gaming, and property management companies, which also experienced drops of ~20 - 80%. + +The difference in Chinese policies vs. many Western governments, is that China prioritizes the labor and tech components of this equation more so than capital. While labor is made up of the domestic population itself (and the goal of society is to improve the well-being of the population) and technology is used to amplify this output, capital is face-less (or at least belonging most to those who have benefitted from the country’s rise and accumulated the capital in the process, and thus have a “national duty” to help & repay their fellow citizens / country who helped them achieve this success). + +In the 1980’s while China was opening up, Deng Xiaoping famously said “Let others get rich first”. The idea was to allow certain enterprising individuals to generate wealth first, and over time this new wealth would be used to help “backward” areas of the country. The intention was not, to allow some to get rich, and then use this newfound wealth / power to then go squeeze even more profits out of those left behind (which is what the CCP sees many Chinese companies to be doing today). + +Capital is meant as a tool (i.e. fuel) to enhance & accelerate society’s goals, not as an end-goal itself. Versus many Western markets, where it seems that the betterment of shareholders (and putting more money into their pockets) is often the end goal itself. If the well-being of capital must be sacrificed to ensure a better long-term direction of society (higher birth rates, affordable housing, protection of consumer data, a more free-thinking / creative education for kids vs. today’s heavy burden of rote-memorization) then in the Chinese government’s eyes, it’s a worthy trade-off. + +This is especially true if the capital to be impaired is “fueling” the wrong societal goals in the first place – such as high educational costs which discourage births, high housing prices which discourage family formation, keeping delivery drivers’ wages low so as to squeeze profits to line- shareholder’s pockets, etc. In this case, the capital wasn’t being productive anyways, so there’s no loss if the government impairs it (and sends a message to discourage future investment in these fields). + +Know The Plan + +As such, it’s crucial to understand what China’s priorities are first and thus where capital can go to support these objectives, if you want to have higher odds of investing your capital in China safely. The easiest way to understand this, is by studying China’s five year plan (this is a “blueprint” released by the government every five years, setting the goals for near-term government policies). + +In the last five year plan relating to 2021 – 2025 (meeting held in October 2020), the government discusses how it aims to become a moderately developed country by 2035 (i.e. $30,000 USD per capita). It hopes to achieve this via a focus on domestic consumption (and of domestic brands), and by continuing to close the urban vs. rural living standards gap. In terms of innovation, the tone also changes to a focus on the hard-sciences (biotechnology, semiconductors, quantum computing, space exploration, climate technology, etc), and increasing the funding provided to basic research R&D. + +So What’s The Problem? + +Over the past thirteen years, China’s GDP has slowed from ~14% y/y growth in 2007 to just over ~6% y/y today. So why is this a problem? + +Well when the overall pie is naturally growing rapidly, the country can “direct” resources (labor, capital, government policy / support) to specific areas, so that the “newly formed slices of pie” have a greater chance of forming within lagging areas (rural areas, lower-income workers, etc). You can create new prosperity for these areas, without having to take chunks from existing pieces (pieces that already belong to someone else). + +However as GDP growth slows, so too does this ability to create new opportunities for the underserved areas, without affecting the prosperity of existing participants. +Slowing growth wouldn’t be an issue if the problems were fixed during the high-growth periods – but in China’s case, the problems have actually become worse. Income inequality has in fact widened, and the IMF indicates that China not only has one of the worst levels of income inequality among Emerging Markets countries, but also one of the highest rates of worsening over the past 30 years. + +Slowing growth wouldn’t be an issue if the problems were fixed during the high-growth periods – but in China’s case, the problems have actually become worse. Income inequality has in fact widened, and the IMF indicates that China not only has one of the worst levels of income inequality among Emerging Markets countries, but also one of the highest rates of worsening over the past 30 years. + +Generally in countries that experience slow growth, as the pie stops growing, the only way to better your own family’s circumstances and get a bigger piece for yourself, is to take a chunk from someone else’s pocket. +China’s issue is that the starting line / opportunity to do so isn’t equal – those who have amassed a large piece during China’s high-growth phase (either through self-determination, or as a benefit of government support), are more advantaged and now have more power (bigger piece = more resources / access / connections = more power to acquire more pieces from others). These stronger players are always looking to grow too, and because of their advantages, naturally resources accrue to the top (“rich get richer”) rather than flowing the other way around. Hence, this leads to an even wider income gap, and requires an even stronger force (the CCP) to stop this dynamic. + +Historically one of the great equalizers and best ways to get your family better financial footing, was through education. In China (and almost all Confucius-based cultures – such as Korea, Japan, and Vietnam), education is highly prized, and the resources of the entire extended family would be pooled to support the education of a single gifted child (with the idea that when they succeeded, the entire family would as well) + + +This cultural mindset dates back thousands of years, starting with China’s Imperial Examination during the Sui Dynasty (581 AD). This grueling exam was technically open to all levels of society, and helped to promote an avenue of equality in society4. + +“The civil service examination system was an important vehicle of social mobility in imperial China. Even a youth from the poorest family could theoretically join the ranks of the educated elite by succeeding in the examination system. This assurance of success in the examinations dependent only on one’s ability rather than one’s social position helped circulate the key ideas of Confucianism... The hope of social mobility through success in this system was the motivation for going to school in the first place, whether one was the son of a scholar or a farmer... This curricular uniformity had an extremely powerful effect on Chinese society, and the major impetus for this uniformity was the meritocracy promoted by the civil service examination system.” + +If this sounds familiar, it’s because this system is very similar to the Gaokao college entrance exam used today. This exam lasts for 9 hours over several days, and this single test largely determines the rank / pedigree of the college the student is accepted into. While there are certainly valid criticisms of the test (imagine your future being based entirely on an amped up version of the SAT test available only 1x a year), it’s also regarded as the fairest way of screening talent in a population of 1.4 billion people. Regardless if you’re from a rural or urban family, a wealthy or poor family, the test results you get are still largely determined by your own ability (and not how much your family donates to a certain school) + +So given the cultural impact of the Imperial Examination, which lives on today in the form of the Gaokao, and culture emphasis on education in general, where do you think families are going to spend their resources as they grow wealthier? Especially as due to the decades long one-child policy (now abolished), all their resources are focused on a single kid? +Well on average, Chinese parents spend ~$18,000 USD per year on after-school tutoring. Considering China’s average GDP per capita is only ~$10,000 USD, it obvious that the bulk of a family’s resources are going towards their kid’s education, with additional support from the extended family and savings. +The financial pressure on families, and mental pressure on students is intense. Starting in elementary school, 60% of students are already being tutored outside the public classroom (and steadily rising in % for older students), spending several additional hours a day ultimately prepping for the Gaokao. As an example of this pressure, in 2012, images of Chinese students using IV drips to aid them in studying went viral + +But if your kid’s classmates are all using expensive after-school tutoring services, what option do you have as a family? At the end of the day, it’s a ranked test and the better your kid’s classmates perform the worse your own child ranks, so you have to play the game too. +Note: This isn’t only a China problem, but rather is prevalent across East Asia. Ten years ago, South Korea similarly cracked down on its own after-school tutoring system (i.e. “cram schools”), where over ~70% of all students are enrolled. The private tutoring sector alone was equivalent to ~50% of the total public education budget, and the extreme mental stress students faced was often blamed for the high suicide rates and low birth rates. + +It’s clear that China has taken some of the lessons from South Korea, in enacting its own policies. +This dynamic has led to tremendous pricing power among the after-school education companies, which in turn led to these profits accruing to shareholders (EDU & TAL being the most notable). In the CCP’s eyes, the majority of Chinese families are subsidizing and suffering immense pressure, just for these resources to ultimately line the pockets of the few (already wealthy) shareholders. The government sees this as a form of rent-seeking, without adding value to society (it’s a zero-sum game). +It’s also because of this immense financial pressure, that China’s population is declining. It’s an issue for the country, since a smaller working population needs to support a bigger retiree population (who historically, have relied upon offspring as a retirement policy, and elders often live with their adult children). +This despite the one-child policy being modified to a two-child policy in 2015, raising the limit to three-children on May 31, 2021, and being completely abolished just a few weeks ago on July 20, 2021 + +Combined with this, China’s housing prices have also risen astronomically over the decades. There are several reasons for this, including rising prosperity + capital controls & distrust of local stock markets, meaning that excess savings are invested into real estate. Whatever the case, the fact is that home prices have risen ~8% y/y over the last 20 years, and even more in Tier 1 cities (Beijing, Shanghai, Guangzhou, Shenzhen). The rise in home prices have also outpaced the rise in incomes – thus making home-ownership (a cultural prerequisite for marriage in China) ever- harder6. +Housing prices are also intertwined with education, since where you live determines where your kids go to school (much like public schools & property taxes, in the United States). Families in Tier 1 cities are buying up 800sqft shanty apartments for over $1 million + additional renovation costs, just to ensure their (unborn) child will be able to go to a good public school + +High child raising costs, high property costs, and long working hours (9am-9pm, 6 days a week, i.e. “996”) in many tech companies, are creating a unsustainable life for the middle class. These factors are all why marriage and birth rates continue to fall. +So what’s the cultural reaction to this high-pressure, rat-race lifestyle among the younger generations? To give up and “lie-flat” (“躺平”)... The younger generations no longer have the optimistic hope in a better future, and a belief in upward mobility that their parents did during China’s previous decades of meteoric growth7. + +Many Chinese youth are choosing to leave this rat-race, forgo marriage / children, have lower ambitions, move out of expensive Tier 1 cities back to their hometowns or countryside, and prioritize their own time / freedom over material possessions. +Of course, this new trend also worries the CCP, as it creates a negative virtuous cycle, which affects the productivity and future trajectory of society as a whole (especially as China’sgovernment has global leadership ambitions). In fact, the trend is so concerning that the phrase “lie-flat” itself is censored by China’s internet regulators. + +So these are just some of the issues that China’s government are trying to tackle. And viewed through this lens, it’s easy to see that these recent actions are about fixing China’s internal problems, rather than purposefully trying to harm foreign investors (they’re the collateral damage). The country is trying to steer capital towards the fueling the right areas, where it views it’s most needed for advancement and betterment of the country. + +China is a state capitalist system, which by definition, capital is meant as only a tool to serve the interests of the majority of society. Especially with President Xi’s historic 3rd term re-election coming up in 2023 (China’s two-term presidential limits were abolished in 2018), the government is especially cognizant of trying to enact these fixes in a timely manner (which have been generally well-received by China’s broader population in recent weeks). + +If you plan on investing in any foreign countries, you first need to understand the history, culture and context of its people first. This is especially important in China, where the state has greater control over the economy, and the health of the capital markets will always play a subservient role to the greater needs of society at large. Hopefully by providing this background, other investors will at least understand the “rules of the road” better while searching for investments in China. + +Credit goes to Hayden Capital, they are about 65% invested in Asia, and the post i quotes is from [there quaterly letter found here](http://www.haydencapital.com/wp-content/uploads/Hayden-Capital-Quarterly-Letter-2021-Q2.pdf?utm_source=Hayden+Capital&utm_campaign=fefbd0ca3b-EMAIL_CAMPAIGN_2020_02_12_COPY_01&utm_medium=email&utm_term=0_aae4c81ce6-fefbd0ca3b-371858787) + +[r/baba](www.reddit.com/r/baba) +I wanted a review on Groww's US Stocks feature, is it better than the ones offered by HDFC, IND Money, and other platforms. Pros/Cons of using groww to buy US Stocks. + +&#x200B; + +[https://groww.in/us-stocks](https://groww.in/us-stocks) +My union has been in contact disputes for over 2 years now. I have been stuck at $14.45 an hour but with the good health insurance I was ok with it. Today we ratified a contract that puts my pay at $21.88 with good size raises the next two years until negotiation happen again. The over 300 workers where I work voted 95% favor to strike if our demands where not met. Only a couple weeks later the company gave in to all our demands. This is such a win not only for me but I feel it honors my grandfather's memory as he was a proud union member for 41 years. +In 2010 legendary investor and founder of the Baupost Group Seth Klarman described in his annual letter 20 lessons from the financial crisis which were either never learned or else immediately forgotten by most market participants. With him at the helm the Baupost Group has averaged around 18% and that since 1982 - a spectacular return. Some of these lessons are even more relevant today. I took the most important ones and updated it for the current market. + +&#x200B; + +>Things that have never happened before are bound to occur with some regularity. You must always be prepared for the unexpected, including sudden, sharp downward swings in markets and the economy. Whatever adverse scenario you can contemplate, reality can be far worse. + +Nassim Taleb calls these “Black Swans”: an event that comes as a surprise, has a major effect, and is often inappropriately rationalized after the fact with the benefit of[ ](https://en.wikipedia.org/wiki/Hindsight)hindsight. Examples would be the Internet, the personal Computer, World War I, the dissolution of the Soviet Union, 9/11 and of course the Coronavirus. + +These all changed countries or continents for decades. With shutdown still in place in several countries in the world the economy’s output is much lower than it was at the end of 2019 - yet we reached an all time high in the stock market. New Mutations are evolving and there might be a sharp downturn in the future or there might not. History taught us that market crashes are much more common than we think. So it is important to be diversified in different asset classes, industries and countries to be protected against those changes. + +&#x200B; + +>When excesses such as lax lending standards become widespread and persist for some time, people are lulled into a false sense of security, creating an even more dangerous situation. In some cases, excesses migrate beyond regional or national borders, raising the ante for investors and governments. These excesses will eventually end, triggering a crisis at least in proportion to the degree of the excesses. Correlations between asset classes may be surprisingly high when leverage rapidly unwinds. + +With interest rates in Europe being partly negative and extremely low in the US, people are lulled into borrowing to get onto the Party of rising stocks, and that on margin. Margin on Portfolio reached an all time high in December of 2020 and the number of retail traders thanks to Robin Hood exploded even with the recent controversy. In addition - central banks in Europe and the US are printing money like there is no tomorrow. These money policies have driven stocks to a new high. And the excess of government debt mirrored that progression. Action always have consequences - but however harsh they may be one thing is certain: If the current price is higher, the returns won’t be as great in the future. + +&#x200B; + +>Nowhere does it say that investors should strive to make every last dollar of potential profit; consideration of risk must never take a backseat to return. Conservative positioning entering a crisis is crucial: it enables one to maintain long-term oriented, clear thinking, and to focus on new opportunities while others are distracted or even forced to sell. Portfolio hedges must be in place before a crisis hits. One cannot reliably or affordably increase or replace hedges that are rolling off during a financial crisis. + +We all chase profits, that is just how it is. However conservative positioning and a long-term oriented perspective is crucial. Most people in 2000 thought they would buy the dip when their favourite stocks started to decline, however the decline didn’t stop. The Nasdaq posted a loss of 77%, which would take 15 years to regain the dotcom bubble. During the financial crisis many couldn’t sell their stock because there were no buyers - even retail investors that thought they could get out couldn’t. + +During it Janus Funds were similar to ARK today. Investing in modern technology companies and industry they were one of the top cutting edge technologies. Janus were lauded as great money managers but the end of the bubble resulted in brutal loses. Cathie Wood is one of the smartest investors today, but one has to keep in mind the inherent risk that comes with her investment strategy. + +Similarly we saw extreme loses in GME. Chasing after returns purely on performance will not result in great results. + +&#x200B; + +>Risk is not inherent in an investment; it is always relative to the price paid. Uncertainty is not the same as risk. Indeed, when great uncertainty – such as in the fall of 2008 – drives securities prices to especially low levels, they often become less risky investments. + +This is the quintessential art of investing. Your returns will entirely depend on what price you paid. Microsoft was a great company, but buying it during the dotcom bubble would leave you 15 years with no returns and several other well known companies like Cisco or Intel never reached their dot-com peak. Your returns are entirely dependent on the price you pay and so is the risk factor. + +&#x200B; + +>Do not trust financial market risk models. Reality is always too complex to be accurately modeled. Attention to risk must be a 24/7/365 obsession, with people – not computers – assessing and reassessing the risk environment in real time. Despite the predilection of some analysts to model the financial markets using sophisticated mathematics, the markets are governed by behavioral science, not physical science. + +Because of this behavior we see certain securities being extremely highly valued like Zoom at the moment and certain sectors being very depressed like oil until recently. Yet oil is seen as extremely risky, even though the projected use of oil will increase in the next 10 years. That means that you can find bargains all the time. Those bargains are declared risky - while the overvalued stocks are declared safe. Microsoft after the dotcom bubble only recovered in 2016. 15 years of no gains at all - yet now Microsoft is treated like a company that will be a great stock forever. It is a great company, but the same was thought about companies like Polaroid or Kodak - we saw how it turned out. + +&#x200B; + +>Do not accept principal risk while investing short-term cash: the greedy effort to earn a few extra basis points of yield inevitably leads to the incurrence of greater risk, which increases the likelihood of losses and severe illiquidity at precisely the moment when cash is needed to cover expenses, to meet commitments, or to make compelling long-term investments. + +This can be highly dangerous and I see it all the time here on reddit. Someone wants to use the money in 3-5 years to buy a house, yet instead of proposing a portfolio that is safe and diversified in several asset classes, most propose a stock only portfolio and sometimes even sector or ARK ETFs. Research has shown that a stock only portfolio will beat pretty much every other asset allocation - that is over the long term. Due to the ups and downs of the market it doesn’t guarantee returns in 3-5 years or even worse can lead to loses. From 1929-1954,1973-1982 and from 2000-2013 the S&P 500 has shown long stretches of no absolute return. Investing before a correction that you cannot foresee would result in either big loses or in the inability to purchase that house - often both. So be conservative when you need the money. + +&#x200B; + +>The latest trade of a security creates a dangerous illusion that its market price approximates its true value. This mirage is especially dangerous during periods of market exuberance. The concept of "private market value" as an anchor to the proper valuation of a business can also be greatly skewed during ebullient times and should always be considered with a healthy degree of skepticism. + +This is especially true today. Many stocks are currently at outrageous prices. I don’t talk about the FANGMAN stocks - these have great growth and while still being historically overvalued not outrageously so. Several EV/Green/Biotech/Weed/Technology stocks are seen as the next big Google without decent cash flows and while competing in the same space. + +This is especially true for unprofitable companies at the moment. According to Joel Greenblatt: If you bought every company that lost money in 2019 that had a market cap over $1 billion, and so they’re about 261 companies, you’ll be up 85 percent so far until today. Something like that won’t be sustainable.Looking at the fundamentals behind the business often makes it clear how unreasonable some of these numbers are - and what returns should be expected of them (often negative) + +&#x200B; + +>You must buy on the way down. There is far more volume on the way down than on the way back up, and far less competition among buyers. It is almost always better to be too early than too late, but you must be prepared for price markdowns on what you buy. + +We saw that during the financial crisis and also again in 2020. Those that bought on the way down were generously rewarded. You never know when the bottom will hit especially since everyone will run around in panic like a beheaded henn. Researching the fundamentals of a company one can score great businesses for cheap. However they might go down a bit in the short term due to market panic. + +&#x200B; + +>Financial innovation can be highly dangerous, though almost no one will tell you this. New financial products are typically created for sunny days and are almost never stress-tested for stormy weather. Securitization is an area that almost perfectly fits this description; markets for securitized assets such as subprime mortgages completely collapsed in 2008 and have not fully recovered. Ironically, the government is eager to restore the securitization markets back to their pre-collapse stature. + +As SPACs and Bitcoin dominate the current market this warning is very important. SPACs and the companies behind them haven’t had the greatest return over the long term. With the explosion of SPACs going public, chances are high that those financial products can be very dangerous. Add the risk that SPAC managers often get big compensation packages and try to hide information to increase the price (DOJ Investigation from Clover), these investments should be taken with the utmost caution. Not only that but they also compete in the same space. + +The same applies to bitcoin. While I believe that cryptocurrencies will have a bright future, they have yet to be tested during prolonged market downturn where the market was negative not just a few week but several months or even years. No one know what the price will be then and some investors might wake up to a bad surprise. It is important to know these risks. + +&#x200B; + +>Ratings agencies are highly conflicted, unimaginative dupes. They are blissfully unaware of adverse selection and moral hazard. Investors should never trust them. + +That what makes short seller research so important. While there are a lot of crocks in the financial market (both on the long and the short side), these people often find what the rating agencies or investment banks ignore. If you invest into a company and there is a short report don’t dismiss it - often they include information that was previously overlooked. + +&#x200B; + +>Be sure that you are well compensated for illiquidity – especially illiquidity without control – because it can create particularly high opportunity costs. + +The OTC market absolutely exploded in 2020. Many of these are highly illiquid. Be prepared for the risk. + +&#x200B; + +>Beware leverage in all its forms. Borrowers – individual, corporate, or government – should always match fund their liabilities against the duration of their assets. Borrowers must always remember that capital markets can be extremely fickle, and that it is never safe to assume a maturing loan can be rolled over. Even if you are unleveraged, the leverage employed by others can drive dramatic price and valuation swings; sudden unavailability of leverage in the economy may trigger an economic downturn. + +Everyone takes debt at the moment. It is so cheap that many companies use debt to do buybacks or otherwise increase their price. Other people trade on margin and governments don't seem to care about debt. That can be highly dangerous. No one can control interests rates over the long run and bankruptcy is the most surefire way to delete any investment returns. Peter Lynch said: “If you have no debt it is very hard to go bankrupt”. While businesses with little or no debt might not rise to the same degree, they will reduce the chance of a wipeout significantly. + +&#x200B; + +>When a government official says a problem has been "contained," pay no attention. + +&#x200B; + +>The government – the ultimate short-term-oriented player – cannot withstand much pain in the economy or the financial markets. Bailouts and rescues are likely to occur, though not with sufficient predictability for investors to comfortably take advantage. The government will take enormous risks in such interventions, especially if the expenses can be conveniently deferred to the future. Some of the price-tag is in the form of back- stops and guarantees, whose cost is almost impossible to determine. + +We saw that in March the Fed stepped in and bailed out the market. A decrease in interest rates and intense money printing. However the question is: How long can it continue and what will happen to those expenses in the future? All action has consequences and we saw that some of them can end quite bad. + +Seth Klarman also added some false lessons, that are relevant without commentary. + +**False Lessons** + +1. There are no long-term lessons – ever. +2. Bad things happen, but really bad things do not. Do buy the dips, especially the lowest quality securities when they come under pressure, because declines will quickly be +3. There is no amount of bad news that the markets cannot see past. +4. If you’ve just stared into the abyss, quickly forget it: the lessons of history can only hold you back. +5. Excess capacity in people, machines, or property will be quickly absorbed. +6. Markets need not be in sync with one another. Simultaneously, the bond market can be priced for sustained tough times, the equity market for a strong recovery, and gold for high inflation. Such an apparent disconnect is indefinitely sustainable. +7. In a crisis, stocks of financial companies are great investments, because the tide is bound to turn. Massive losses on bad loans and soured investments are irrelevant to value; improving trends and future prospects are what matter, regardless of whether profits will have to be used to cover loan losses and equity shortfalls for years to come. +8. The government can reasonably rely on debt ratings when it forms programs to lend money to buyers of otherwise unattractive debt instruments. +9. The government can indefinitely control both short-term and long-term interest rates. +10. The government can always rescue the markets or interfere with contract law whenever it deems convenient with little or no apparent cost. (Investors believe this now and, worse still, the government believes it as well. We are probably doomed to a lasting legacy of government tampering with financial markets and the economy, which is likely to create the mother of all moral hazards. The government is blissfully unaware of the wisdom of Friedrich Hayek: “The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design.”) + +&#x200B; + +Hope you enjoyed my little writeup. Feel free to post any questions! +I am 37 years old and have saved 100k. It just sits in my checking account doing nothing right now. + +I am completely lost on what to do next. I grew up in a poor family and have no idea how to invest or grow money from money. + +A few facts: +I have a very good job with a decent pay. Any job I get from this point on in life will pay well. +I am a part homeowner with my wife in a 100% paid off house. The house is not in the best shape, but very liveable. +I am a US citizen but have residence in EU. + +Thoughts on what to do with this cash? + +Invest in property? Invest in some financial something? Crypto? +HAPPY people! + +What a few weeks it has been, If you haven’t been taking note of the market recently….You should be. BNB is on the rise, $500 is in sight and we should all be ready to load up our bags and start investing in tried and tested projects with potential. + +Loyal holders have kept the floor strong during the downturn, and continue to do so. Happy is on the edge of breaking out with new projects on the horizon. + +A brand new team has the reins of the project, and this is a group FULL of ideas to really make $HAPPY fly. Now is the time to be getting involved with the community, and feel for yourself the new vibe and direction the project is taking. All the signs are there for another boom of activity, and you should be along for the ride. + +So what’s in store for $HAPPY? An app is currently in development. Yep, you heard that right: An app. HAPPY wants to bring mental health resources right front and center stage. Not only this, but the official partner(s) of HAPPY: Up4MentalHealth will also have a place for their content.  + +A mental health focussed podcast is looking to bring the project to mainstream eyes and bring in a new audience. This isn’t an idea to be missed.  + +They have donated over $210,000 are CertiK audited, with a loyal team with a lot of online experience; One thing for sure. HAPPY is here to STAY. + + +With a 2.8 M market cap, I'm bullish on this one. Personally, I'm excited for what's to come. + +💛Website  https://www.thehappycoin.co +The new quarterly dividend will be $0.65 ($2.60/yr), up from $0.575 ($2.30/yr). Based on the current share price, the forward yield of the stock is now 1.6%. + +This is the 19th consecutive year with a dividend increase for the company, and the largest dividend increase since 2008 (a 12.5% increase). Most years have been mid to low single digit increases around 3%-6%. + +The Company also received authorization to repurchase up to $1.5 billion of the Company’s common stock. + +https://investors.wm.com/news-releases/news-release-details/wm-announces-plan-double-digit-increase-its-dividend-rate-and + +As the saying goes, one man's trash is another man's dividends +* For Q4, Jan - Mar, agriculture grew at 3.1% +* Mining declined almost 6% +* Manufacturing grew at 6.9% (Note that Mar 20 was a voluntary shutdown for many factories) +* Construction grew at 15.4% +* Hotel and transport declined by 2.3% +* Numbers for Apr-June quarter are likely to be low in absolute, but would still be a good increase over the previous year due to low base effect +* There would be breathless headlines that this is the worst GDP in last x decades; most of that was from the first half of the year +So I'm 28. I have nothing invested into my 401k. I have an autoimmune disease that is gonna knock like 20-30 years off my life. I'm already fairly unhealthy, I'll be surprised if I make it till 50 but it's one of those things we won't know until the time comes. + +I've been thinking a lot about my future and my financial situation lately. Right now, I'm not in a good spot. I don't have a car, I'm renting a room with my girlfriend and her family. I'm making $17 an hour where minimum wage where I'm at is $10.50 I don't see my self finding a better opportunity any time soon. + +My job offers 401k and I'm trying to decide if it's even worth investing considering I don't have a long expected life span and also considering how much I make. + +I'm sorry if this doesn't make much sense, I'm not very knowledgeable on this subject but I'm trying to learn. +The past few months I've noticed a lot of ads for QQQ when watching football and basketball. Is this normal? I'm in my early 20s and starting investing in 2020. After having mixed results picking my own stocks I've just decided to split my money between VOO and QQQ. + +The ads QQQ is running make me nervous because I would think an ETF's performance should speak for itself! I would also think that it'd be a better use of money for Invest to hire top fund managers and analysts. What do you guys think? +This post goes to all of you who’ve been around for about a month, weeks, days or even hours. + +Ok, so after reading and hearing about this digital money thingy that magically grows on its own making everyone rich overnight called Bitcoin and confirming you don’t have to buy a full coin for like $16,000, you’ve decided you want in. You setup your Coinbase account, gave almost all your personal and banking info, plus a photo, your ID and your credit card to a complete stranger and bought a fraction of something you barely understand hoping it will somehow turn your hard earned money into a fortune someday. But it looks like you’re going nowhere, because as incredibly fast as BTC grows, right now it would need to go from around $16,000 to $32,000 just to turn your $300 investment into $600 and that’s far from the huge profits you thought you’d be making in a few months. + +So... you read there’s this other thing called Alternative Crypto Coins or Altcoins for short, and people say many of them are incredibly undervalued, meaning that they haven’t been pumped in price yet so these Altcoins are the key to making it big for small investors like yourself. What happens when you decide you want to invest in Altcoins? Well, the main problem is that there’re more than 900 different projects out there and at least 100 of them can be considered somewhat “serious”. Then, how to decide which ones are worth your money?? Well, the main advice people gave newbies mere months ago was to read a lot, understand each project, visit forums, read whitepapers, check market caps, coins in circulation,join communities and decide for yourself. + +And you may think: “I came here for the easy magic internet money and now I have to spend weeks reading things I don’t understand to decide if I should invest on a project that may or may not explode in price months or maybe even years from now?? No thanks. There has to be an easier way”. + +And you decide it’s best to just check a few subreddits like this one and see what people are talking about. Ignoring all previous posts making exactly the same question you start a new thread asking everyone where you should put your money. And I don’t blame you. I’ve been there too. I know what it feels like to have your money ready to invest in anything and you just need someone to point you in the right direction, no matter which one, but fast because people are making money out of this and you don’t want to be left behind. So let me be the first one to say: OK. Go ahead and trust your money to a complete stranger on the Internet who’s telling you to buy as much as you can of this coin you’ve never heard of, but it’s going to the moon in a matter of days. It’s ok. You have to learn how this market works one way or another. Maybe after making your first few investments you can take it more slowly and start actually reading about this amazing new technological environment that’s the blockchain. Maybe after that you can make better personal decisions and even put your money behind a project you really find interesting and worth it. + +I’m just going to give you one little piece of advice. When you’re reading posts and this guy comes and says “You should be all buying this coin because it’s got a great team behind, a serious project a real world application...” and all that, please, take your time to, at least, check that user’s history and profile. It will only take something from minutes to like an hour max and you’ll find out how long they’ve been redditors for, what other people think about them and their comments and posts, if they normally give good advice, if they’ve been right before about other coins, if they’re normally upvoted and therefore have a high karma... After all it’s your money and you shouldn’t just give it away without having at least a basic idea about where it’s going or if you’re just being used by some guy who just wants to dump his bags of shitcoins on gullible newbies. + +Happy Hodling!! +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: + +*** + +- Follow the Golden Rule. All other rules apply as well. Follow [this link](https://www.reddit.com/r/ethtrader/about/rules) to view the rest of them. The rules page is also linked in the announcement bar above. +- General discussion topics include, but are not limited to, events of the day, technical analysis, alternative Ethereum projects, or minor questions. +- Breaking news or other important content should be submitted as a separate post. +- In-depth altcoin discussions should be referred to the /r/CryptoCurrency discussion thread. To view the thread, [follow this link](https://www.reddit.com/r/CryptoCurrency/search?q=%5BMonthly+General+Discussion%5D&restrict_sr=on&sort=new&t=all) and choose the latest entry on the search page. +- Pumping, venting, trolling, or any other similar behavior should be redirected to the /r/CryptoMarkets trollbox thread. To view the thread, [follow this link](https://www.reddit.com/r/CryptoMarkets/search?q=Trollbox+Thread&sort=new&restrict_sr=on&t=all) and choose the latest entry on the search page. + +*** + +Thank you in advance for your participation. Enjoy! + +It's not that becoming a SWE and/or getting an IPO windfall that you don't know how to spend isn't admirable, it's just the people who got here with no college, no privilege, maybe a stint behind bars or in rehab are so much more fascinating. Their unconventional paths and brushes with and experiences of bankruptcy and oblivion only copper-fasten their true hero status. So if you are a Fatty lurking here thinking, I'm different, I want you to know that some people would much rather hear your story than another tech path to wealth. Thanks. +My brother wants to run the AC at 72°-74° throughout the day to cool down our 2,000 sq ft house. Last month, 5 people were living in this house and the electricity bill was $250/month. My dad expects our bill to be around $500-$600/month from running the AC. My dad works for an electrical company so I trust (and dread) the reality of his prediction. + +Background: My brother & I both run really hot and we live in a desert city (dry heat) that is about 100° hot every day from May-late August. +My brother plays games on his PC ~12 hrs/day (this will not change so something else has to). This causes his room to be VERY hot (noticeably warmer than other rooms in the house). He does turn his PC off when he’s not using it. +I have a small carbon foot print. We have lots of natural light so we rarely use lights. We also don’t run the dishwasher/ laundry often. + +Another concern I have is that my brother can be forgetful. I work out of town ~6 days/month so I’m not there to “monitor” and turn off the AC/ open windows at night. Six days with the AC running constantly will add up. + +Note: I do not mind him running AC when necessary, but it has to be reasonable. I suggested my brother buy an air cooling unit to cool down his room instead of running the AC to cool down the whole house. We are thinking of the Dyson Pure Hot + Cool Air Purifier. + +Any suggestions on getting a cooling unit? Do cooling units save much money? Please give me any/all advice on how to save for our electrical bill 😊 +[https://www.bullionstar.com/blogs/ronan-manly/russian-ruble-relaunched-linked-to-gold-and-commodities-rt-com-q-and-a/](https://www.bullionstar.com/blogs/ronan-manly/russian-ruble-relaunched-linked-to-gold-and-commodities-rt-com-q-and-a/) + +I think this will stabilize the Ruble, people will prefer a hard currency over fiat, increasing demand for Ruble in addition to the fact that Russia is demanding payment for oil be made in Ruble as well - as predicted. + +People hate a gold standard, I am also a skeptic, but they often forget that Germany reigned it hyper-inflation by temporarily re-pegging their currency to gold if I'm not mistaken. This psychologically creates value to people compared to fiat currency and can act as a temporary stabilizer for countries experiencing hyper-inflation. + +Thoughts? + +I also think this will spark a global great reset, countries will move away from a fiat based US dollar to one backed by gold. The Yuan is set to follow suit. + +We are in for global power reshuffling, and with that comes violent geopolitical conflict, buckle up. + +Edit: This absolutely relates to Canadian investing, as this will have massive implications on markets, the price of gold, and so on. +https://www.federalregister.gov/agencies/securities-and-exchange-commission + +Could use some wrinkly brained apes to decode and let us know of this helps us at all. /u/Leaglese usually does a fantastic job! + +Edit: Misspelled Legalese’s username. Fixed. + +Edit 2: Dumb Ape. No Spell. Username Hard. Sorry /u/leaglese +A nice buffett of semiconductors. I don't want someone to "do the homework". I've mentioned that before, I want to learn how to better value a company. + +But I'm struggling with the basics on the semis right now. INTC P/E is perfect for the coming inflation storm. + +The margin isn't bad, the growth is going to pick-up, that's the point of CAPEX and building future capacity. + +So why is it that of all of them, INTC is the dog with fleas? + +What am I missing? Is slightly less profit margin really that big of an issue? Its business departments have been growing well as well. And frankly, as the US shifts from import to made in the USA, INTC is the only option. + +AMD I think is getting hammered precisely because its overvalued and its future is more bleak than people may think. +It bugs me when people say warren buffets idea of investing which is hold long term and put in sp500 and that you can't beat the 10% returns of the sp500. People don't realize that he is referring to people with HUGE CAPITAL. When you are working with 50k it's different than trading 50 million. I can very well make 15% in a month with 50k but would differently not be able to replicate that with a 50 million account. He even said it himself + +"i*f I was running $1 million today, or $10 million for that matter, I’d be fully invested. Anyone who says that size does not hurt investment performance is selling. The highest rates of return I’ve ever achieved were in the 1950s. I killed the Dow. You ought to see the numbers. But I was investing peanuts then. It’s a huge structural advantage not to have a lot of money. I think I could make you 50% a year on $1 million.* *No, I know I could. I* ***guarantee*** *that.”* + +Then when I tell people I make 10% on 50k a month I get the stupid comments + +"iF yoU MAke 10% a mOntH YoU wOulD be A BiiLlIonaire iN just 4 YeArS" + +But it just doesn't work that way. + +The magic of Buffett’s strategy is its ability to scale. When Buffett makes 20%, he can do it on $150 thousand or $150 million or $150 billion. *This is not true for ordinary traders! And Defiantly not me.* + +*My end goal is to reach a number in which when get there I would be fully retired because although day trading is definitely more free and rewarding than working a standard job at the end of day you are still working. Once I reach my end goal through real estate and yes Long term investing with sp500 I would be better off getting my 5- 10% annually on my main account than my day trading account 50k and making 7-10k a month until then I will day trade as its the most rewarding way I can make money and currently defiantly more the sp500 can make.* +Most of the sleeper picks people post are already in the top 20 market caps, so they are established coins with room to grow, but you're unlikely to see a 1000% return like you would get with an actual sleeper. + +So what's everyone's sleeper picks for 2018? + +Mine are GVT and AION (both on Binance) + +EDIT: Add the exchanges you can get them on +Someone tried to scam me in a way I haven't heard of before. Here's what happened: + +I posted an item for sale around 9:30 pm. About 30 minutes later, I get this text: + +>Hello!! I wanna Buy your *[CL post title]* +>. Can i call you? + +The fact that they asked if they could call instead of just calling didn't seem too odd since it was after 10pm, but the timing of the text so soon after I posted the ad set off a red flag. + +The text came from my area code, so I thought maybe it was legit. + +I replied "sure" and then they texted: + +>okk Bro... But..Now a days there are many scammer in Craiglist. +> So i will verify you. +>I just sent you a scammer verification G-code on your phone inbox. +> So Tell me the code.Then i call you now. + +Right at the same time, I get this: + +>*[6 digit number]* adalah kode verifikasi Google Voice Anda. Jangan bagikan kode ini kepada siapa pun. *[Google url]* + +This text came from Google's number they use to verify your number for Google Voice services. I don't even know what language this is. + +Coincidentally, I had re-verified my number about a week ago, so right above this text, I could see this one from the same number: + +>*[6 digit number]* is your Google Voice verification code. Don't share it with anyone else. *[Google url]* + +So the scammers were hoping I wouldn't understand that giving them the 6 digit number would give them access to my Google Voice account, which then could probably be used to access my email or other accounts. + +Sending the Google verification text in a foreign language was an interesting twist, as the recipient wouldn't understand that it says "Don't share it with anyone else." + +They sent one more text: + +>Tell me the code plz..?? + +Then I blocked the number. + +Anybody else seen this? +- *Facebook* +- *Amazon* +- *Google* +- *Instagram* +- *Snapchat* +- *Twitter* +- *Twitch* +- *Pinterest* +- *YouTube* +- *Netflix* +- *iTunes* +- *Christmas* +- *The letter ‘N’* +- *Winnie the Pooh* +- *Harrison Ford* +- *Bitcoin* + +Seems like Bitcoin is in good company, I wouldn’t be too worried. +Decentra is a decentralised ecosystem of projects with multiple utilities, including a Lottery, Staking, Wallet, Play-To-Earn Game, NFT's and much more.... + +&#x200B; + +DELO is the deflationary Binance Smart Chain token of the Decentra-Ecosystem. The DELO token incorporates burn reflection yield to reward holders passively for holding the DELO token, as well as automatic ecosystem fees. + +&#x200B; + +💸 BUY HERE ON PANCAKE SWAP: [https://pancakeswap.finance/swap#/swap?inputCurrency=0xC91B4AA7e5C247CB506e112E7FEDF6af7077b90A](https://pancakeswap.finance/swap#/swap?inputCurrency=0xC91B4AA7e5C247CB506e112E7FEDF6af7077b90A) + +📈 CHART: [https://www.dextools.io/app/bsc/pair-explorer/0xc989c0e5d5035e689c129868944db9e091690875](https://www.dextools.io/app/bsc/pair-explorer/0xc989c0e5d5035e689c129868944db9e091690875) + +&#x200B; + +The first utility (Decentra-Lotto), is a cryptocurrency lottery with multiple winners and a deflationary De-Fi staking farm. It is the flagship project of the Decentra-Ecosystem. + +&#x200B; + +There is a symbiosis between the token and the Decentra-Lotto utility as every transaction increases the jackpot, and every ticket sale increases buying pressure for the DELO token. + +&#x200B; + +There are 3 ways to earn: + +\-Holding $DELO to gain reflection yield + +\-Participating in the Lottery once it launches. + +\-Stake $DELO in the deflationary farm to earn a portion of every lottery ticket sale. + +&#x200B; + +♻️ $DELO Tokenomics 💰 + +1% burn + +1% redistribution (reflection yield) + +3% marketing + +8% lottery jackpot + +&#x200B; + +🔒 Liquidity is locked for 100 years: [https://app.unicrypt.network/amm/pancake-v2/pair/0xc989c0e5d5035e689c129868944db9e091690875](https://app.unicrypt.network/amm/pancake-v2/pair/0xc989c0e5d5035e689c129868944db9e091690875) + +🧾 Certik Audit In Progress: [https://www.certik.org/projects/decentra](https://www.certik.org/projects/decentra) + +🧾 [Solidity.Finance](https://Solidity.Finance) Audit Complete: [https://solidity.finance/audits/DecentraLotto/](https://solidity.finance/audits/DecentraLotto/) + +📰 Featured on Yahoo Finance: [https://finance.yahoo.com/news/decentra-lotto-decentralized-cryptocurrency-lottery-124400331.html](https://finance.yahoo.com/news/decentra-lotto-decentralized-cryptocurrency-lottery-124400331.html) + +📺 Reviewed on Youtube: [https://www.youtube.com/watch?v=5l6MdBmv08s](https://www.youtube.com/watch?v=5l6MdBmv08s) + +🖥 Live Lottery & Staking dApp Demo: [https://www.youtube.com/watch?v=Zhx6H9pnW4A&](https://www.youtube.com/watch?v=Zhx6H9pnW4A&) + +⚙️ TestNet to use right now: [https://testnet.decentra-lotto.com/](https://testnet.decentra-lotto.com/) + +&#x200B; + +Join the community: + +📲 TG: [https://t.me/Decentra\_Lotto](https://t.me/Decentra_Lotto) + +🐦 Twitter: [https://twitter.com/Decentra\_Lotto](https://twitter.com/Decentra_Lotto) + +&#x200B; + +Read more: + +🖥 Web: [https://www.decentra-lotto.com/](https://www.decentra-lotto.com/) + +🌐 Ecosystem: [https://www.decentra-ecosystem.com/](https://www.decentra-ecosystem.com/) + +✍️ Medium: [https://decentra-lotto.medium.com](https://decentra-lotto.medium.com) + +📒 Docs: [https://docs.decentra-lotto.com/](https://docs.decentra-lotto.com/) +Since 2018, I opened 3 positional trades on GBPUSD and banked around 3,500 pips within a year and a half, using only fundamentals. Barely looked at a price chart. + +Now that I got your attention, let's analyze a few tricks that can potentially change the way you view the markets, and dramatically increase your profitability. But first check if you haven't done already an earlier post of mine in this sub, "A peek into how Financial Institutions play this game", as we are going to build concepts based on what is discused there. Go there first, I can wait :). + +**Building an macro model for GBPUSD** + +So, we wanna trade divergences between inflationary and deflationary currencies, right? At least, that's one of the core ideas you should have grasped from the mentioned post.. Interest rates relationships are key, as they determine the cost of borrowing and the potential returns on our investments. An asset manager normally will seek to buy currencies from countries with high interest rates , and will fund it with currencies with a low interest rate. High interest rates mean higher yields - returns on our investment, while low interest rates mean lower funding costs. Inflationary currencies will experience interest rate hikes, and deflationary currencies will experience interest rate cuts. We look to profit from this. + +Wouldn't it be cool if we could have an idea on whether interest rates are going to be raised or not? So we could anticipate if capital flows to a certain economy or not? Lucky for us, we got some macro indicators for that . To me, 2y bonds yield spread is the king when it comes to identify markets expectations on future rates. Bond markets will anticipate in advance what Central Banks might do in the future. Lets look into how this works. If the GBP 2y bond yield is 1%, and the USD 2y bond yield is 3%, where would you put your money? Now, if the GBP yield moves to 0,7, and the USD yield moves to 3,3? The USD bond market is increasing its yield , while GBP bond market is actually going lower. Think about it. What does it mean in terms of the GBPUSD pair? Obviously, I'd want to sell my GBP to get dollars, because I want to get US bonds as the ROI is better, isn't it?. So what happens when this differential increases during the span of months? Currencies move. A lot. Knowing when this is going to happen, and when it stops is critical to make some money. + +**A GBPUSD fair price value model** + +[https://imgur.com/a/Wu5jgCu](https://imgur.com/a/Wu5jgCu) + +Lets see part of my model. It is based on the aforementioned 2y spreads, a COT commercial Index, the COT- PCT of OI of dealers, and a few more macro indicators. With the 2y spread and the other macro indicators, I have built a regression model that generates the fair value of the pair. COT data works like an oscillator on the fair value. Entries are mainly considered when the price moves 1 z-score away from the fair value, and the COT data points to extreme conditions. + +Is the regression model statistically robust? It is good enough. Adjusted R square is around 0.90, and the p-values of the variables are way lower than 0.05. The aproximation is good enough. Because you don't need a perfect prediction anyway. What the model needs to tell you is if current prices are higher than the fair value or not. Because the data set and the model says that eventually, price will correct to that fair value. And it always does, sooner or later. The idea is simple, if 2y spreads are negatively increasing over the span of months , GBPUSD will fall at some point. And that is what happened back in 2018. FED was raising interest rates at a higher rate than the BOE, hence the differential moved agaisnt the Pound. So for months you had the price moving higher, while the spreads were going against the pound (Don't forget Brexit). This divergence is powerful, and can carry huge gains when unleashed. Now look at the model. + +You can see the price moving out of the "Bollinger Bands" of the fair price estimation. I was stalking the prey for weeks. Look how the price/fair price value inverted in November 2017. Look for the 2y spread moving agaisnt the pound. The right moment came when the oscillator gave the signal, and that is pretty straighforward, as it is based in the commercial positions. On April 2018, Dealers barely had a 3% of Open Interest on long positions (meaning they have a lot more of short positions), and the Commercial Long index was basically saying the same ( do your research on Larry Williams COT indicators :) ). At that point, is when I took a look on the charts, and opened a short at 1,41. I closed it at 1,2850, 3 months later. Technicals took me literally 5 mins of my time everyday, till the right time came. The work was done to anticipate the drop, for months. Pure fundamental factors. + +And the same happened in March 2019, when the COT again says that no long interest is present on the market, and the price is above the fair value. And the opposite happened in August, with price well below the fair value and the bands, along with a lot of long interest. + +You see? A pure technical analyst hardly has a chance to be constantly profitable on the markets. Without a clear view of the underlying reasons for price to move - a narrative, such a trader is going to easily get lost within the always changing shorter trends. He will buy a rally , when actually price has already started to move towards a lower fair value. He should have taken the chance to sell into the rally, but he did not know where or what or when to look. The fact is that pros know what is going on on the market, they know the direction and flow, they have the patience to wait for divergences to form and evolve, and act when the right time comes. A retail trader hardly has the patience to wait even a couple hours to open a position with his technical strategy. A professional will stalk for weeks and months , looking for the right hints into the big moves that can bank him huge profits with low risk. You see the divergence at 2018? It started to form at October, and was unleashed..... 6 months later!! + +Most of your time is spent thinking that a certain price level is too high, cannot go higher, if the currency is overbought or not, if it actually is going to dump after a rally... and the fact is that the market does not care about your technical voodoo. You need to watch for the the underlying factors that are driving price on the market,you need to infer what the market is actually doing today as a result of future expectactions. We do not work with our beliefs, with our greed or fear. We work understanding that the fundamental info of today will get repriced tomorrow, and we should look for hints in the market that points us in that direction. Where are the capital flows going and why? If the largest funds are moving money into a market, they have a reason to do so. Your job is to discover where, and trade in that direction. + +Most of retails traders trade based on technicals. '80% of retail investors accounts lose money when trading CFD's with this provider' . Can you be profitable using only technicals? Sure, but 4/5 guys trying will lose everything. Markets are moved by fundamentals, this is how it works, so there is little to lose from learning them. My point is, follow the industry standards if you found yourself consistently losing. You can keep trying to make your trading based solely on technicals. But remember that the market is filled with guys like me in the other side. Good luck and good trade. +The amount is big enough so that with the right moves you will have a stable return for many years, but the global economy is literally frightening. Everything has become more expensive. Even a real estate investment finds you faced with homes that are overpriced compared to the past. At the same time, you can't leave money in the bank with inflation running rampant. + +What would you choose and why? +https://archive.ph/c25S9 + +The above article from the FT briefly mentions the chancellor is looking in to "improving the Enterprise Investment Scheme". + +Anyone have any idea what this might be? Higher limits for raising companies? 50% relief like SEIS? A shorter hold period? + +The scheme as it stands is due to end in 2025 so this could be interesting +I joined this subreddit a few months ago, and fell into the shroom stock craze. + +I started my portfolio earlier this year, only with about 2k worth of etf. I got in at the right time and made 500$ because how low stocks dropped. + +A few months ago I got a lump sum bonus, and put a lot of my savings into my TFSA. + +With all the wild stories on reddit and shroom craze (I still believe in it as medicine), I put 1k into NUMi, 1k into Mindmed. Turned out I got to the party late, all the HB 9s bounced off with Chads already, lol. Both dropped a lot after that. I put 1k into Kraken based off readings here (still holding but put a stop loss on it) + +I still had the rest of my account in cash (and now more in ETFs), and I went into it knowing anything could happen...but still, this was a lesson learned for me. + +Numi dropped 50%, my 1k went to 500$. I put a stop loss a few days ago, and it just sold this morning. + +So any gains I made from that 2k were negated by this one "play." + +I invested not on fundamentals, not on much of my own research, just reading threads on here thinking "if they could do it so could I." "I'm a smart guy!" + +I was stupid because I've read millionaire teacher who says be careful of the man in the mirror. + +I was partially saved because I limited the amount I played with out of my total portfolio. + +I have deposited 28k total in my account, so you can do the math on spending 2k into NUMI and Mindmed. It's not much but this principle (no pun) is important. + +The deal and I bet for many of you here, is investing based off pure speculation and what others say. Understand balance sheets, investing principles, etc. It takes time. + +Until you really know what you are doing (and you still probably don't), put them in ETFs, and dont touch it! + +Hopefully this helps some new people here. + +EDIT: I'm not saying dont buy shrooms stocks. I'm saying invest based off principles, not hearsay. +Like I mean would you classify a person who just hops on, puts 50% of his money on one trade and blows his account up a trader? + +I'm sure if the people who generally study a lot,practice and have a good risk management plan they'll be profitable +Or atleast not loose a lot of money + +I'm still confused on what the statistics consider trading +Like would you consider a person who play's tennis sometimes a tennis player? +Before I get into it, I want to make the point that this is a sincere question. Not making any moral judgements here just want to discuss the facts. + +&#x200B; + +The origin of this question came about the other day when I was thinking about what effect Covid deaths would have on the economy and whether or not they could actually be a net positive for the economy. As we know, Covid deaths have disproportionately occurred in older people and those with underlying conditions and these people are also more likely to be out of the workforce. They are either retired or can't work because of health problems. From an economic standpoint these people are mostly net consumers - that is they consume more economic resources than they produce. So, it would seem that removing some of these people from the economy would be a net positive. Think about it - the labor pool would remain about the same and the economy would be able to produce the same amount of goods and services, but the goods and services these people were consuming would be re-distributed to the remaining actors in the economy. Furthermore, the assets these people had (retirement accounts, houses, vehicles, etc.) would also be re-distributed thereby increasing per capita wealth. + +&#x200B; + +I would like to hear others opinions on this idea. Does this all make sense or am I missing something? One thing I did ignore was costs associated with deaths - things like funerals, burials, cremations, medical costs, estate/legal costs, "emotional/social" costs (hard to quantify). These things do consume economic resources, but I would be surprised if these outweigh the dynamics of resource/wealth re-distribution outlined above. + +&#x200B; + +All of the above leads me to the conclusion that 2 sectors (healthcare and automation) are poised to become an ever larger proportion of the economy as people live longer and the percentage of people in the labor pool continues to shrink (this isn't really a new idea I admit). Could be super profitable to invest in companies that overlap both sectors (maybe companies that make surgical robots or something?) +So by money I don't mean like 1000$+ week, just evn 20-50$ a week for a bunch of hours, simple jobs like doing translations, writing subtiles, wich don't require speaking directly, like just accepting a submission for some simble jobs. + +Wich websites would you reccomend +I (19 m) am wondering which skills i should know / be learning, i like drawing and being creative but lately it feels like im wasting time doing it as it is barely monetisable. Does anyone have any advice for me on what i should focus on? I cant help but feel hopeless during this pandemic it feels like im throwing time away because im not learning anything new. +I am a 24 y/o male who pretty much wasted my school/college years, I have no qualifications or really any special skills. I dont even know what I enjoy and I'm quite anti social. + +I did drugs through most of my teen years and just wasted my life, I've been clean for around 5 years now and I hate my job. I want to start a second income stream with the goal of buying a house one day but when it comes to finances and business and money I feel like a clueless child. + +I'm just looking for advice or I guess someone to tell me where to go, or if I should even bother going. +"That’s just the start. Now Circle is preparing to take another major leap forward by tacking on an entirely new business as part of its underlying market infrastructure. On Monday Circle will announce, as Fortune can confirm for the first time, that it has bought Poloniex, one of the world’s most active cryptocurrency exchanges. A person familiar with the terms of the deal who was not authorized to speak about it tells Fortune that the price tag comes in around $400 million. + +The acquisition will instantly make Circle a rising threat to Coinbase, the biggest cryptocurrency exchange in the U.S., as well as Bittrex and Kraken, the runner-ups. Counting contributions from Poloniex, Circle’s revenues over the past three months, excluding February, exceeded $250 million, placing the company on an annual run rate greater than $1 billion. Not bad for a 5-year-old upstart. + +With the expansion, Circle is laying the groundwork for a day when cryptocurrencies become pervasive, prices grow less volatile, and the utility of digital tokens goes undisputed. If most of the dozens of exchanges competing today are just places to buy and sell coins, Circle has loftier ambitions: It wants to eventually help consumers turn their trading profits into a Tesla, a mortgage, or a portfolio of blue chips. Circle has ample funds, mainstream investors, sophisticated tech, a new network of customers annexed from Poloniex—and, with some luck, a legitimate chance at building the bank of the next century around crypto-finance." + +Edit: Statement of Poloniex https://poloniex.com/press-releases/2018.02.26-Poloniex-joins-Circle/ +I just got a raise to 14 dollars an hour! Woohoo! This raise puts my household approximately 5 thousand dollars a year over the threshold for any type of benefits. My daughter will lose Medicaid next year we will be kicked off food stamps and have to pay full price for childcare now! My fiancé makes 10 dollars an hour working at a daycare and we are now considered middle class! I haven’t had car insurance in 15 months and I can’t remember the last time I ate more than one meal a day. The good part about being at your lowest point is it can only get better right?? + +Edit: I’ve been trying to interact with as many people as possible on this post and it seems there’s a lot of people in similar situations. We will al get through this one way another and at the end of the day money is just a piece of paper. Thanks for all of the advice awards and well wishes friends! +Hey all, I founded M1 Finance to be a holistic, personalized, and automated personal finance app. We have three main products: Invest, Borrow, and Spend. Invest is free automated investing in a customizable stock and ETF portfolio. Borrow is a low cost line of credit based on your Invest's portfolio value. And Spend is an integrated checking account with a high-yield and cash back on debit card option. + +We manage about $3B on the platform, up from $800M at the start of the year. We're quite popular with dividend investors due to the automatic redeployment of dividends in a custom portfolio. + +You can find us at [m1finance.com](https://m1finance.com), on the App / Play store, or on all the social media sites. + +AMA! + +EDIT: Well all, it's been an absolute blast! I need to get back to M1 so we can build all the new features you're requesting :). Feel free to keep asking questions and I'll come back later today or this weekend to answer the remaining ones. Thanks for your questions and support of M1! +I was interested in buying series I bonds, and it seems to me that they have a fixed rate that doesn't change throughout the life of the bond, and also an inflation adjusted rate that changes twice a year. That much I get. + +How are yields determined with other types of bonds? Is there a fixed rate set at purchase like with the series I bond? + +If so, I don't understand how the 10 year treasury note yield is changing so much, or how that relates to changes in its price. Who determines these changes in the yields and price? Is that not set by the government? + +I read this from an article today: + +"The Reserve Bank of Australia doubled its daily bond purchases to A$4 billion, sending yields on the Aussie 10 year TMBMKAU-10Y, 1.675% sharply lower. Comments from Federal Reserve officials last week suggested no appetite to step up purchases of U.S. government bonds." + +Why does the Australian government buying bonds cause the yield to decline? + +I have some hint of what's going on here but I'm struggling to put it all together in my head. +With all that whistleblowers stories, FB stock price fell really hard. Yet, the business is great, makes huge profit. The main asset of Facebook - it's users is still there and I doubt they'll disappear and stop using Fb, Instagram, WhatsApp. So is FB on a nice discount right now or am I missing something? +Recently I purchased Ben Graham’s book the Intelligent Investor as a way to advance my knowledge in value longterm investing and not get swept up in the speculative wave we are in right now. +After reading the first 8 chapters I realised how outdated the books strategies graham teaches are, and after hearing a podcast where Morgan Housel (author of Physiology of money) where he said even Ben had said before his death that his strategies no longer worked. +After hearing all this I lost all motivation of reading the book, but now I couple weeks later I’ve decided to sift through the information and find everything that still applies to investing today. +What are peoples most valued chapters to read? +And what principle’s should I take from the book and from graham? +What principles and techniques have successful investors applied that has given them success? +I bought this stock because of the COVID saliva tests they’re making as it is clearly the future of COVID testing to make it less invasive and more accessible. I was waiting for a news release and it finally came with a big partnership with rexall and Canadian paramedical services +https://ca.finance.yahoo.com/news/empower-partners-rexall-r-launch-170500538.html +TONE is a decentralized and social NFT marketplace (driven by the community) where you can turn your songs, music, performances or TONE'S into unique NFTs and win prizes, sell them or place them into an auction!! + +Fair launched 2 hours ago! The launch was botted, which resulted in a immediate dump. Understandably, a lot of FUD occurred especially regarding the developer where he was accused selling his wallet. However, developer and his team has stuck with us the whole way through and we are now making a speedy recovery. As they say, not everything goes to plan and after hours of resilience, TONE finally takes flight. Developers are still in the process of sorting things out but we are not letting this ordeal ruin the highly anticipated launch of TONE. + +✅ Fair Launch (NO pre-sale) + +✅ Liquidity locked instantly on launch + +✅ Doxxed team - linkedin included + +✅ Tokenomics - 80% supply to pancakeswap + +✅ Giveaways and prizes to community + +✅ Whitepaper complete + +✅ Very fast growing community (2x every few hours) + +💬 Telegram: https://t.me/nft_tone + +👾Facebook: https://www.facebook.com/nfttone + +🕊Twitter: https://twitter.com/NtfTone + +🌐Website: https://www.nfttone.net +[https://www.youtube.com/watch?v=-8H-6VHUt9s](https://www.youtube.com/watch?v=-8H-6VHUt9s) + +&#x200B; + +Edit: For me, I learned that socialism applies to the wealthy and capitalism for the average person. +Idk about you, but 50k is not my target. We haven’t fought this hard for 50k. I’ve been seeing less and less people mentioning million dollar share prices and I thought I might refresh everyone’s memories of what we all expect for months now. Or at least what I expect as an individual investor. I don’t want 50k per share. + +As a low xx holder, 50k will help me in life, but it won’t change my life. + +100k will allow me to Buy a home and a car… but it won’t change my life. + +200k will allow me to buy a home, car, and leave some extra for Some potential investments. But it won’t change my life. + +500k would garner me a house, car, and real estate investments And set me up for a great passive flow of income. But I’d still work and my life would remain relatively unchanged. + +1 million would make my life great. I’d have what I’ve always wanted. Comfort. But my kids would have to work and fight for their wealth. So 1 million is not enough either. + + +I’m just an xx holder. There are plenty more x holders who require even more than me. This is not financial advice, but I cannot sell for 50k, 100k, 500k or even 1 million. I just can’t. +Please explain like I'm five. Inventory is limited. People are paying well above asking. Why doesn't this mean that things are looking great for the value of the real estate market? Many people seem to think that this indicates there is about to be a real estate market crash but I don't understand this logic. I can understand there being a market correction at some point, and maybe a few investors will lose money if they had just recently bought, but I see many people talking about an actual crash. What gives? It's not that I don't believe the possibility but just trying to understand. +I'm a newbie trader and I've been trading for a month now. I have a portfolio of about 30k. I've unrealised profit of 8.72%. + +I sold bajaj finance at 3450 and the next day it reached 3600, then I sold astrazeneca for 3440 and it reached 3550 the same day, I'm having trouble deciding when to actually book profit. Any suggestions would be very helpful. +Came across this interesting article about building wealth. Here are my key takeaways. I would like to hear your thoughts on it. + +[https://www.latimes.com/business/la-fi-landlords-business-owners-20181105-story.html](https://www.latimes.com/business/la-fi-landlords-business-owners-20181105-story.html) + +>In the United States more than almost anywhere else, wealth and income are concentrated among business owners and landlords. That club, blessed by capitalism, is becoming increasingly difficult to join. + +Not sure if this claim is true because there are certainly lots of people who built their wealth through traditional passive investments like 401k, Roth IRA, index funds. This sub is proof of that. + +>In every country Fessler and Schürz studied, homeowners’ wealth hovers near the national average. The biggest gaps are between those who own businesses and rental properties and their customers and tenants. The top 5% are most likely to own businesses or rental properties. The authors found this polarization has increased since 1962. + +Seeing this kind of stuff makes me wonder if I should get into real estate investing. I hear it involves lots of debt which is something I'm not good at dealing with. + +&#x200B; + +Are you folks sticking with passive investing or investing in real estate as well? +I am buying out a family member of a jointly owned house. It’s a 2 family and one of the units has opened walls no kitchen/bath, unfinished electric. We started working on the renovations over the summer and filed our loan application around the beginning of August. +The renovations have taken longer than expected +This week I let our mortgage broker know we estimate that the property will be ready for appraisal at the end of October. + +He is shocked that the renovations are taking us so long and that the bank will close our application and we should have told him it would be this long and he would have waited to file our application, he is saying if they close our application we will have to pay $1090 again to open it and file a new one. + +I’m curious how reasonable this all is, if we confirm with the bank that we are still intending on obtaining lending will they hold our application? + +Should we have the appraisal from the bank come even though there will be tons of things wrong and we will have to re-appraise? (Cheaper than the loan app) + +FYI We are using a stated income refinance loan. +CreamPYE is here to deliver industry-disrupting technology and has the firepower to make it happen. This is a team of highly experienced developers, entrepreneurs, and marketers with decades of experience. They are using their platform not only to change the crypto industry forever, but also emphasize a cornerstone belief in charitable contributions. They are making an impact within the crypto world as well as outside the crypto world. They are not just here to take part, **they are here to take over.** + +**Overview:** + +* The entire team of 15+ members showed faces and listed business address publicly. +* **Actual use case** CEX/DEX hybrid exchange which will focus highly on customer service and experience (much needed before the masses can adopt in to new crypto). Augmented reality, NFT marketplace, PYE Charts. $290k charity donations already made. Very extensive roadmap. +* Contracts have been signed with both WhiteBit and ProBit. Trading will go live this week. +* Team has over 15+ years of experience building businesses. Creampye team has done marketing campaigns over **$100m USD** in past projects +* Relatively small Marketcap (40m). +* You are early - Project is 20 days old and growing exponentially. <1,500 reddit members. <16,000 holders. Might be your last chance to be “early” +* Tokenomics pay out 5% **Passive income** for holders! +* The team has built a variety of very successful businesses already. These are not kids in their parents’ basement. They are legitimate business moguls running a full-on operation. +* Hacken audit has been passed (received a score of 100%) and the whitepaper has been published. + +**Who Runs Creampye?** If you hang around this world of crypto long enough, unfortunately you may run into some teams that you cannot trust. I invite you to look at the pinned tweet on Creampye’s Twitter (@creampyetoken). The entire team of 15+ members has shown faces, they each have a mini biography on the website, and there is a business address listed publicly. See for yourself. + +**What Is Creampye?** Creampye (Pye) is a new token focused on creating new technology in the world of crypto and simplifying the process for mass adoption. They are working on a new exchange, Pyeswap, that will become the industry standard for purchasing crypto. This exchange will make crypto far easier to buy than it ever has before. Not only that, much of the focus will be on a simplified, friendly user experience that makes it easy for any average Joe to purchase crypto. This is desperately needed before the masses can enter the market. It is almost impossible to teach a newcomer to the world of crypto the multi step process of acquiring BNB, using pancakeswap, and storing tokens in a wallet. PYE is going to change this by making it easier to purchase all crypto currencies and we will be focusing on customer service and experience. They are also launching PYEcharts in a few weeks, an NFT marketplace, and have just passed a completed audit with flying colors (Audit done by Hacken). + +**Charity** CreamPYE was created in order to make a difference. The token has included that 0.1% of all transactions are sent to a charity wallet. The team has made due on this already by donating not one, but two donations totaling $290k to Action Against Hunger only one month into its existence! The team behind CreamPYE has been involved with numerous charities from business ventures in the past. They have donated millions of dollars to various charities and it is a core component of the team values. Here at Creampye, we are proving that the world of crypto can make a positive impact on the world through our charity donations. + +**The Entry Point. You are early.** PYE’s goal is to become a top 10 token. We have the community, the experience, and the tech to back that goal. We were consolidating for the past few weeks and I have been posting about how it may have been the last time we saw those prices. We have just broken through the all time high, but with a market cap of only $40m, you are still early. We have nearly done a 400% in the last 4 days, and hardly any of the community has sold. We all believe in the project being the future of crypto. When we achieve our goal of becoming a top 10 token, that is over a 1000x gain from here. The holders, the community, and the exposure are growing exponentially. We have had YouTube posts and mentions from some of the biggest names in the game, including Torin Hoffman, Conor Kenny, and Alexandrus 1337. Just last week PYE was mentioned on the Pardon My Take podcast, which pulls in 1.5 million daily listeners. The CEO is good friends with business mogul Gary Vee (video of them hanging out posted in telegram), and former Miami Heat player Damian Jones recently retweeted Creampye. These are many exciting developments in the early days of PYE. + +**In conclusion** I have only given a brief overview here, but I invite you to do more research yourself. We are blazing our own trail in the world of crypto that will give investors access to an entirely new, user friendly ecosystem of programs. Many will try to replicate what we are creating for decades to come. Creampye is a results oriented, relentless, and highly experienced team. The last piece of the puzzle is more eyes on the project. This will happen we get listed on Whitebit and ProBit within the next few days. The contracts have already been signed. It’s happening. CMC and Coingecko has been applied for, soft dates have been given for more exchange listings, and big news is happening every single day. Do your own research and if you decide to join the Pye fam, buckle up, its going to be a crazy ride! + +**Where to buy?** + +\-Ticker is PYE + +\-Website: [https://www.creampye.com](https://www.creampye.com/) + +\-Telegram Group: [https://t.me/creampyetoken](https://t.me/creampyetoken) + +\-Twitter: [https://twitter.com/creampyetoken](https://twitter.com/creampyetoken) + +\-Reddit: [https://www.reddit.com/r/CreamPYE/](https://www.reddit.com/r/CreamPYE/) + +\-Discord: [https://discord.gg/rT8GdwnN](https://discord.gg/rT8GdwnN) +Let's face it, the (hard) truth is, apes probably have a long way to go still. This isn't FUD, it's just an observation based on what we have. It just means apes need to DRS harder and that APES NEED TO GET LOUD OUTSIDE OF HERE. + +MOD11 is not disproven at all. [This post](https://reddit.com/r/Superstonk/comments/q8nhq7/there_are_more_than_60k_accounts_in_computershare/) that claims it is disproven with "logic and basic math" is just garbage. It doesn't disprove anything at all, and just seems like they wants us to think we are close to done. + +Citadel got trending on twitter shortly after apes discovered DRS. If apes could get that trending, they must be pissing their pants that we could get DRS trending. After doing my DD, I can't be more convinced that DRS is the way. DRS has a direct cause-effect relation to stopping their naked shorting and bullshit broker practices and initiating moass. It's simple as that. We know it. They know it. They are fuk'd and they know it. All they can do is try to slow DRS down. + +If there is ANYTHING apes need to get loud about, it's DRS. + +Apes can even help shareholders of any company by getting this trending, because you can only really own shares if they are registered to your name + +# #DirectRegisterShares #DRSGME #OWNYOURSHARES + +Edit: if you aren't sure about DRS, please do your DD on it, it really is the checkmate. I recommend these DD posts by the awesome u/Criand: + +- [ComputerShare and DRS is the way DD](https://reddit.com/r/Superstonk/comments/prpum9/computershare_and_drs_is_the_way_it_ignites_the/) + +- [Visual charts for easier understanding](https://reddit.com/r/Superstonk/comments/ptp3a4/thought_id_make_some_bad_charts_for_you_visual/) + +Edit2: Guides to register on Computershare: + +- [Step by step Guide](https://reddit.com/r/Superstonk/comments/pmsq3u/transferring_shares_to_computershare_a_stepbystep/) +- [International apes guide - Transfer from IBKR](https://www.reddit.com/r/Superstonk/comments/pmu19h/international_apes_can_transfer_shares_to/) +This is not financial advice. I am not a financial advisor. You are an idiot if you read this. + +In the Art of War, deception is a fundamental skill that often determines success in battle. We've been building up to today as not just a possible but a probable Launch Date. This all stems from that little NFT jewel that was released a few weeks back. Since this sub has some of the best onion peelers on the planet, we peeled back everything that website meant, such as a possible crypto-dividend or a novel NFT, that would absolutely force shorts to cover. + +We went totally APE (yup, had to sneak that in) about what it meant and built up our own hype. TBH, we went nuclear with it. Since the shills are also in here, they were along for the ride and they merrily reported all of this to their SHF Overlords. They read all the hype and thought "here's where we crush them." + +They too planned for today and when it came, they poured short sells into the dark pools to drain away the share price. Then, in the AH Market hours, they dumped a crushing order to crash it hard. They probably thought when the smoke clears, there wouldn't be anyone left. Here's another thought - what if all of this was a setup. + +RC went to meet with the SEC back on 5/13. The rumor/belief is that this is when he informed the SEC about the manipulation of pricing of GME shares. The SEC probably folded their arms and did their best "we need irrefutable proof." That's when RC brought his new ninja management team together and came up with an idea. We'll give the SHF a date that's just too good to pass up. + +How could we get irrefutable proof? First, this would need to be a day that's obvious and easy to remember so it would be easy to build hype around it. Second, it would have to be a nothing-burger of a business day. A day any "normal" investor (not you retards), wouldn't pay any attention to so there shouldn't be any reason for any kind of launch or downturn. In other words, a big hype day that isn't a big business day. + +About two weeks later, on 5/25, news starts to release about Gamestop developing a game-changing NFT and their website is revealed. The buzz starts about all the possibilities of how this will finally force shorts to close on 7/14. Understanding what this could mean, SHF prepare for the fight. + +Once the Shareholder's Meeting on 6/9 was over, the SHF started their big push. The very next day, the share price tanks around $100. From then on they pull out all the stops. Over 40% of all buy orders are processed in dark pools which disrupts the price discovery process. Yet, most if not all short sales are processed in open exchanges to drive down the share price even more. + +What do the institutional GME investors do? Nothing. Gamestop hardly has any news releases for several weeks. There are no major announcements from GME and nothing from the investors. Retail buys and holds. That's it. No special response in any way. The trap is now set. + +For the last several weeks, SHF have almost literally had their way with almost no response. That makes it easy for even an SEC Auditor to start to notice something is off. Now comes the big day - Bastille Day. We fight for our freedom - and nothing. + +SHF think they see their opportunity and do their own YOLO. Should be a big day but the price drains away with all kinds of activity in the dark pools. Then a hammer of a price drop in the AH and the SHF think they have a Strategic Victory. They haven't realized yet they're standing in a Kill Box. + +Weeks of unusual trading activity culminating in what should have been a big day turning into what appears to be a rout makes for a pallet of irrefutable proof that not even the SEC can ignore. RC now has the "hold my beer" SEC by the short hairs. + +They now have their evidence. He supported the SEC in every way in the investigation. He's going to give the SEC the opportunity to present themselves as the market saviors and do the right thing. If they don't, he takes GME shares out of the DTCC depository and they implode. + +More than ever, I'm still holding. +Recently, I started a second job at a grocery store. I make decent money at my day job (49k+ but awesome benefits, largest employer besides the state in the area) but I have 100k in student loans and $1000 in credit cards I want gone. I was cashiering yesterday, and one of my coworkers came into my store, and into my line! + +I know he came to my line to chat, as he looked incredibly surprised when I waved at him and said hello. As we were doing the normal chit chat of cashier and customer, he asked me, "Aren't you embarrassed to be working here?" I was so taken aback by his rudeness, I just stumbled out a, "No, it gives me something to do." and finished his transaction. + +As I think about it though, no freaking way am I embarrassed. Other then my work, I only interact with people at the dog park (I moved here for my day job knowing no one). At the grocery I can chat with all sorts of people. I work around 15 hours a week, mostly on weekends, when I would be sitting at home anyways. + +I make some extra money, and in the two months I've worked here, I've paid off $300 in debt, and paid for a car repair, cash. By the end of the year I'll have all [EDIT: credit card] debt paid off, and that's with taking a week off at Christmas time. + +Be proud of your progress guys. Don't let others get in your head. + +TL, DR: Don't be embarrassed for your past, what matters is you're fixing it. +My lease says my rent is $1,087 per month. It says in the lease that "Rent above includes all additional fees, rentable items, and processing fees." The lease also states that the rent can only be paid through their online payment site. + + +When I go to the online payment site there is an additional $40 per month "service charge" to pay rent (making my total rent $1,127). Is this not against the terms of the lease? Is there anything I can do? I know it's $40 per month but this seems unfair. +I'm 24, from Bulgaria. Started working last year (had some small jobs in the past). + +I make a little over 1k € / month (~~it's the average salary in my country~~ the average salary in Bulgaria is around 500€). I haven't really saved much - about 3k €. + +On the other hand, the cost of living is not very high. And I'm pretty sure my salary will go up as I gain more experience. So I will be able to save more. + +Is it worth to try to invest the "savings" that I got? From my research online, there is a broker in Bulgaria that is offering investments in Shroders funds. + +Is it worth to start putting money there? +I see a lot of lithium stocks being discussed these days so I was wondering how you guys find a good Lithium stock. I was going through some of the reports from AZL and no clue what those numbers mean and whether it is a good estimate or not. Thanks in advance. +I have a property I put earnest money on but the financing has taken longer than expected. The seller kept ask for me to sign an ammendment saying that if financing falls through they get to keep the earnest money. I would not sign it. After 30 days we could not come to an agreement. As a result they put put a contract on the property with another buyer. I contacted the escrow company about releasing the EM but they said the wouldnt without a signed release. The seller will not sign a release that doesn't include them keeping all the money. Do I have any recourse? The amount is $2100 and the state is Texas + +Edit: It has been resolved, I had the agent let the seller know that I will not be giving them the earnest money and will tie up this house by getting lawyers involved. I knew they already had a buyer lined up and couldn't afford to wait so they released the earnest money +Hi there - keen ape here, and I also happen to be a Great Ape Behaviour expert. Over the years I’ve conducted behavioural research in Western Zoos and in Africa both in the wild and in primate sanctuaries. Apologies that this is slightly off topic here compared to usual DD but there’s a potential problem I foresee happening after the MOASS that would absolutely break my heart, so I hope the mods allow me to share a bit of my knowledge to stop it happening. + +We’ve already seen this year the Superstonk community wholeheartedly take on the ‘ape’ mantle, with incredible gestures such as the money raised through ape adoptions for the Diane Fossey foundation and other organisations. This was a really good thing, and if you want to help apes after the MOASS, I would strongly encourage such behaviour. + +What I would strongly discourage though is for anyone to take this a step further and buy a pet monkey or (perhaps even worse) a pet ape, something which sadly is still possible in many parts of the world through both legal and illegal avenues. + +This is for a few reasons. Firstly, the illegal pet trade of primates is decimating wild populations across Africa, Asia, and South America. Most primates sold as pets are taken from the wild as babies when they are still easy to transport and not aggressive. Any adults found at the same time are killed and butchered to be sold as bushmeat. Many infant primates that are ripped from their families and smuggled across borders like this don’t survive, and those that do are often psychologically traumatised. Those sanctuaries I said I worked at in Africa - they specialised in rehabilitating great apes rescued in such circumstances. Each would need substantial care and treatment to recover, and though they are now in far better hands, many will never be able to be reintroduced to the wild again due to habituation around humans. A lot of the apes I observed showed behaviours suggestive of mental disorders in humans ranging from depression to PTSD, and these were the lucky ones. + +Leaving that aside, primates do not make for good pets, despite what you might see on YouTube and Instagram. They are animals with very complex social needs that you as a human cannot possibly fulfil alone. Unlike dogs or cats they are not domesticated, and will revert to aggression to solve issues as they would with their troop. There are many recorded instances of this occurring, sometimes (in the case of chimpanzees especially) fatally. I love chimpanzees - they are my favourite animal in the whole world. But I am under no illusion that they can be dangerous, aggressive, and violent when they think it necessary, and that includes if they think they can move up the dominance hierarchy by beating your ass. Many smaller primates that are sold have their teeth and claws removed to get round the aggression issue. This is extremely cruel and painful, renders them unable to eat properly, kills a good portion of those that have the procedure, and ultimately just maims an innocent animal for someone’s vanity. + +Furthermore a primate is not suited to life as a pet. They most often live in very large social groups, in vast territories offering a wide array of specialised dietary and life needs. Even a MOASS mansion can’t offer that, and the life they live would be much poorer and more sad as a result. + +To finish - I love this community and I love how much we love apes. I have also been continually amazed at the levels of altruism and kindness shown on this subreddit. I know no good person would buy a pet primate if they had all the facts in front of them, but most people are unaware of why it is such a problem. So please do share this with anyone who might be interested, and help spread the word. This is the way! +The average house price for me to get something decent where I live is 250-300k. My landlord is raising my rent 400$ come January, and it’s a shitty duplex. I’ve lived here for 5 years and had to move 5 times, due to landlords selling, rent raises, breakups (lol). What is the smartest thing for me to do right now? I have great credit and no debt. +This question is inspired by this news article: [Joe Biden’s dire warning: a ‘meteor’ is headed to tank the US economy](https://archive.is/WyhOq) + +So how worried should I be? + +* Should I be worried about this causing a global economic meltdown? +* Should I be worried about this making the USA collapse like the USSR? +* The vast majority of my country's foreign currency reserves are in the form of US Dollars. If the US Dollar suddenly becomes worthless or unrecognised, will our economy crash too, and will it make our currency worthless? +* If the US Dollar stops being a hard currency, will countries simply switch to other hard currencies (e.g Euro, Yen), or could it turn the currencies of other large economies (such as the Yuan and the Rupee) into hard currencies? +* Finally, will a default affect the AUKUS nuclear submarine deal? +This DD is inclusive only of Canadian-specific companies involved in the new psychedelic industry. + +**Summary:** Invest in $NUMI, $FTRP and $HAVN. + +For a simple mini-ETF I would recommend a weighting of 50% $NUMI, 25% $FTRP and 25% $HAVN. + +These three companies are the clear Canadian front runners in the Canadian industry. They all have fantastic management teams with some big name executives and advisors. All other companies, at this time, are in my opinion highly speculative in comparison. + +These three companies combined effectively provide exposure to all market segments: + +* full spectrum of compounds +* drug development +* clinical research +* scientific IP development +* health & wellness +* consumer brands & products +* wellness clinics +* virtual mental health care +* practitioner training +* policy reform + +All three companies combined effectively provide exposure to all relevant market compounds: + +* Psilocybin, psilocin, MDMA, DMT, mescaline, and ketamine + +**Market Overview:** [https://imgur.com/a/A1YYaQT](https://imgur.com/a/A1YYaQT) + +**Numinus Wellness Inc** + +[https://numinus.ca/](https://numinus.ca/) + +**Company Description:** Numinus Wellness Inc is engaged in the business of providing integrated health services. It provides health related therapies and respective research and development; analytics, testing and research of various controlled substances. The company's revenue is derived principally from the administration of traditional therapy services, provided by practitioners in its clinic. + +**Mission:** Addressing the universal desire to heal and be well. + +**Operational Focus:** Drug Development, Clinical Research + +**Financials:** + +* Second best cash position in Industry: $19,305,763 +* Second best Total Assets position in Industry: $23,244,921 +* Sales Revenue Positive. + +**Health Canada Licenses:** Research License, Dealer’s License, Cannabis testing licence + +* Dealer’s licence to import, export, possess, test, and distribute MDMA, psilocybin, psilocin, DMT, and mescaline +* Cannabis testing licence to provide 3rd-party analytics & testing services for revenue + +**Psychedelic activities:** + +* First public company to complete a legal harvest of psilocybe mushrooms +* Developing standardized extraction and testing methods for use in R&D partnerships and contract research services +* Exploring product formulations for use in clinical trials +* 7,000 sq. ft. laboratory with top-of-the-line equipment and strong research team + +**Clinical Research:** + +* Clinical research unit for therapeutic protocol development & policy work +* Developing protocols tailored to different mental health conditions, from depression to PTSD to addictive disorders, so patients’ unique needs are heard and met +* Accelerating patient access to in-development MDMA and psilocybin protocols through Compassionate Access for those in most need + +**Numinus Health:** + +* Therapy delivery through clinics and virtual care +* Psychedelic-assisted psychotherapy protocols developed by Numinus R&D +* Non-psychedelic therapeutic services within an integrative health model, to supplement the psychedelic therapies and maximize the client base +* Optimizing physical design to meet leading industry standards, including MAPS recommendations +* Developing virtual platform to broaden Numinus’s audience reach + +**2021 Objectives:** + +* Development of integrative treatment model, including clinics & virtual services +* Implementation MDMA protocols + +**Latest Key News:** + +* December 2, 2020: Numinus and MAPS Public Benefit Corporation announce collaboration agreement to seek approval of MDMA-assisted psychotherapy for PTSD single-arm, open-label trial +* November 18, 2020: Numinus Announces Compassionate Access Trial of Psilocybin-Assisted Psychotherapy for Substance Use Disorders +* October 22, 2020: Numinus First Canadian Public Company to Complete Legal Harvest of Psilocybe Mushrooms + +&#x200B; + +**HAVN Life Sciences Inc** + +[https://havnlife.com/](https://havnlife.com/) + +**Company Description:** HAVN Life Sciences Inc is a biotechnology company engaged in the business of the research and development of psycho-pharmacological products, including the formulation of standardized psychoactive compounds derived from fungi. The products of the company will help to improve mental health and human performance. + +**Mission:** Our mission is to unlock human performance using evidence-informed research. We are focused on standardized, quality-controlled extraction of psychoactive compounds from plants and fungi, and the development of natural health care products from novel compounds. + +**Operational Focus:** Drug development, Consumer Branding & Retail, Clinical Research + +**Financials:** + +* Excellent balance sheet ($7,361,424 Total Assets with only $41,109 Total Liabilities) +* No sales revenue yet. + +**Health Canada Licenses:** Research license + +**HAVN Labs:** + +* HAVN Labs operates from a state-of-the-art research facility location at the University of British Columbia. +* This GMP laboratory that will be dedicated to growing and developing extraction methodology of psychoactive and psychedelic compounds. +* HAVN has secured a Health Canada research license. +* HAVN believes that it will secure a Health Canada Dealer’s Licence in 2021. + +**HAVN Retail:** + +* HAVN Life will be developing custom formulations that will deliver natural health products with increased bioavailability to support better quality outcomes. +* Through in-house product formulation and brand acquisition, HAVN Life will also have a defined route to market. +* Our initial psychoactive microdosing products will be derived from novel psychoactive compounds. This does not require Health Canada Licensed Dealer status. +* During Phase 1, HAVN Retail will formulate and sell products through online retailers and HAVN Life’s website. + +**2021 Objectives:** + +* Health Canada Dealer’s License Approval (Application made in October 2020) +* Supply Clinical Trials with GMP Certified Compounds +* HAVN Retail will be manufacturing & distributing at scale +* Formulate Psychedelic Therapies for Clinical Trials + +**Latest Key News:** + +* December 8, 2020: HAVN signs Memorandum of Agreement to supply psychedelic compounds to clinical studies focused on PTSD. +* November 11, 2020: HAVN receives approval from Health Canada for launch of initial seven natural fungi health supplements. +* October 20, 2020: HAVN secures first contract for the sale of psychedelic compounds + +&#x200B; + +**Field Trip** + +[https://www.fieldtriphealth.com/](https://www.fieldtriphealth.com/) + +**Company Description:** Field Trip is a global leader in the development and delivery of psychedelic therapies. With Field Trip Discovery, the company's research division, leading the development of the next generation of psychedelic molecules and conducting advanced research on plant-based psychedelics, and its Field Trip Health division building centers for psychedelic therapies across North America and Europe along with the digital and technological tools that will enable massive scale. + +**Our mission:** To bring the world to life through psychedelics and psychedelic-enhanced therapies. + +**Operational Focus:** Drug Development & Wellness Clinics + +**Financials:** + +* Largest Cash Position in Industry: $31,442,025 +* Largest Total Assets Position in Industry: $39,868,694 +* Best Cash % Total Market Cap in Industry: 14.90% +* Sales Revenue Positive + +**Health Canada Licenses:** None + +**Drug Development:** FT-104 + +* FT-104 is the first drug candidate in development by FT Discovery. FT-104 is a next generation, synthetic psychedelic molecule whose design is, in part, based on classical serotonin 2A psychedelics. +* Patents are pending on FT104’s structure, formulation and use in treating a variety of central nervous system disorders. +* Preliminary results for FT-104 demonstrate positive results. +* Field Trip anticipates that FT-104 will enter into Phase 1 clinical trials in the second half of calendar year 2021. +* New chemical entities (NCEs) such as FT-104 maximize potential for proprietary compounds and patent protection. + +**Research & Lab Operations:** Psilocybin-producing Fungi Research and Cultivation + +* Field Trip operates in collaboration with the University of West Indies (“UWI”) at our Jamaica Facility located on the UWI campus. The Jamaica Facility became fully operational in October 2020. +* Field Trip selected Jamaica for Psilocybin research and development because Jamaica is one of the few jurisdictions in the world with a legal environment that would permit such activities with no regulatory requirements for psilocybin. +* Since January 2020, Field Trip has successfully cultivated 24 varieties (from 13 different species) of psilocybin-producing fungi and truffles at its Jamaica Facility. + +**Wellness Centers:** Field Trip Health Centers + +* Field Trip Health is focused on: (i) building out the clinical infrastructure needed to deliver psychedelic therapies at scale; and (ii) developing digital tools to enhance and optimize the therapeutic experience in our health centers and beyond. +* Through our Field Trip Health subsidiaries, we are seeking to create a global brand of trusted clinics for ketamine-enhanced psychotherapy, psychedelic-enhanced psychotherapy and psychedelic-integration psychotherapy, enabling patients to more effectively and affordably address depression, anxiety, addiction and other conditions. +* While the use of ketamine in KEP is considered “off-label”, such use is legal under medical supervision. As such, ketamine is currently the only legal psychedelic medicine generally available to mental health providers in Canada and the United States. +* Total 6 centers for psychedelic medicine operating by Q4 2020. +* Scaling to 75 centers by 2024. + +**2021 Objectives:** + +* FT-104 is concurrently undergoing optimization and cGMP scale- up, as well as pre-clinical evaluation, both of which are expected to be completed by June 2021. Field Trip anticipates that FT-104 will enter into Phase 1 clinical trials in the second half of calendar year 2021. +* Aggressive expansion of Field Trip Centers. + +**Latest Key News:** + +* November 19, 2020: Field Trip and WHOOP announce partnership to measure effect of psychedelic therapies on physiology and mental health. +* November 5, 2020: Field Trip prepares to enter Oregon Market following the passage of Measure 109 in Oregon, creating the first legal market for psilocybin service. +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Hello! Wanted to share my thoughts on Palantir ahead of its earnings next TUESDAY (Edit: sorry I got the day wrong in the title but the date 2/16 is correct). Lockup expiration is also 2/18*** (didn’t realize palantir was reporting before market open). Warning: long post ahead and TLDR at the bottom. + +**Palantir Business Overview** + +* In one sentence, Palantir creates **operating systems** that integrates vast amounts of data from an organization’s various data silos and allows users to build applications that drive better decision making +* If that's confusing, no worries. The way I like to think of Palantir's software is that if Batman purchased the software from a company today for his supercomputer which aggregates data from thousands of sources and allows him to make intelligent decisions, that software would be from Palantir +* The company has three main software platforms: **Gotham, Foundry, and Apollo** +* **Gotham (government side)** + * Gotham is Palantir’s software offering primarily for defense and intelligence sectors, AKA governments + * Gotham is an end-to-end operating system that collects data from hundreds to millions of different sources and combines them onto one platform so users can manage operations + * Gotham is quickly becoming the de facto data solution across many US federal agencies and rumor has it that it was the software that helped track down Osama Bin Laden in 2011 +* **Foundry (commercial side)** + * Next up is Foundry, a platform that is geared towards the 6,000 businesses around the world with over $500 million in revenue + * Similar to Gotham, Foundry transforms the ways organizations operate by creating a central operating system for their data + * For example, one of Palantir’s customers is Skywise, an aviation platform that has become the central operating system for the airline industry +* **Apollo (underlying infrastructure)** + * Apollo is the last piece of the Palantir puzzle, and you can think of it as the underlying infrastructure that Gotham and Foundry lie upon + * Apollo is a relatively new platform that Palantir introduced in order to more efficiently update the software that runs Gotham and Foundry, increasing the number of upgrades Palantir can manage across installations from an average of 20,000 per week in Q2 2019 to more than 41,000 per week in Q2 2020 +* The company has estimated its **total addressable market as $119 billion,** of which $63 billion is for the government side while $56 billion is for commercial side + +**The Palantir Business Model** + +* Known as **Forward Deployed Engineers or FDEs,** Palantir leverages their technical talent as support and sales as well and they are often sent to the front lines of the battlefield for Gotham or company for Foundry + * I believe that this in particular is what helped Palantir create a competitive moat in the government sector +* While the FDEs are a differentiator, Palantir has also started to build out a **more traditional salesforce** in order to better target customers and explain the company’s value proposition but this salesforce currently only accounts for 3% of the company’s total headcount +* Using both FDEs and a traditional salesforce, Palantir’s business model employs a 3 step process: acquire, expand, and scale +* **Acquire** + * In the acquire step, Palantir provides a potential customer with a short-term pilot program at Palantir’s expense and therefore operate at a loss +* **Expand** + * In the expand phase, Palantir seeks to understand the customer’s key challenges and ensure that its software delivers results +* **Scale** + * The scale phase is where Palantir thrives. At this point, the customer is essentially using Palantir’s software for its operations and Palantir can also upsell to the customer by continually offering new services with minimal extra cost +* To give you a sense of the numbers for each phase, In 2019, Palantir generated a total of $742.6 million in revenue, of which **$0.6 million** came from customers in the **Acquire** phase, **$176.3 million** from the **Expand** phase, and **$565.7** million from the **Scale** phase + +**The Bull Case** + +* **Section 2377** + * In 2016, Palantir sued the US Army in what’s known as Decision 2377 + * To go into the history a little bit, in 1994, the Federal Streamlining Acquisition Act (FASA) was passed, which required that the federal government consider and acquire readily available, proven commercial services like Palantir’s rather than custom-developed solutions built by the government which has a reputation for spending inefficiently + * This rule was largely ignored until Palantir sued and won in court, and this was extremely important because it allowed Palantir to compete and win deals across all federal agencies, which greatly helps the company realize its total addressable market. Since then, Palantir's revenue from the US Army and US government has skyrocketed +* **Sticky, Best-in-Class Product** + * Simply put, there is nothing that offers what Palantir is offering. Its technology is way beyond most of its competitors in terms of offering a premium operating system + * Palantir’s Gotham and Foundry often take more than a year to get fully up and running and the more it’s used, the more data in the system and the more time that has been spent by customers training employees on how to use the system + * Palantir’s platforms becomes incredibly expensive to switch out of not just in terms of money but also time, with customers saying replacing the system could take anywhere from 6 to 18 months + * To further prove this point, Palantir’s top 20 customers have been with the company for an average of 7 years and as of October 2020, 93% of revenue was generated by existing customers + * In addition to this, in the latest quarterly earnings, Palantir was selected out of 999 bids by the US Army for a 2-year $91 million contract to build AI and machine learning capabilities +* **Positive Secular Trends and Growing, Achievable TAM** + * I think everyone at this point realizes that companies are going digital transformations and Palantir has spent $1.5 billion in the past 11 years creating innovative software that becomes increasingly powerful each day + * The company is at the right place at the right time with a total addressable market expected to grow into the few hundreds of billions of dollars in the next 5 years + * And with just about $1 billion dollars in revenue over the past 12 months, Palantir has less than 1% market share and has plenty of room for growth + * But perhaps most importantly, Palantir is creating a much more efficient business model with an improving tech product that will help the company achieve its TAM + * In the latest earnings call, management said that it plans to triple its salesforce headcount due to its recent success + * And among other improvements, the Apollo platform has helped the company greatly reduce the costs and time required to get a customer up and running + * Being able to better target customers and onboard them quickly while providing a best-in-class and sticky data platform points to a bright future for Palantir + +**The Bear Case** + +* **Double-Edged Business Model** + * While Palantir’s differentiated services and business model is one of the company’s key strengths, there are also several downsides as well + * First, due to the custom-built solutions Palantir offers, the company undergoes a costly and complicated minimum 6 month sales cycle that can often amount to nothing + * Second, even if a customer jumps on board, contracts are cancelable with a typical notice of 3-6 months + * Third, the deep history it has with customers results in a very top-heavy concentration + * As of the third quarter of 2020, the top 20 customers represented 61% of the company’s revenue, which notably is down from 73% from the year prior + * Lastly, the deal-by-deal nature of Palantir’s business model means that the sources of revenue are lumpy and hard to predict, which can be a cause of concern for investors +* **Biden Administration and Negative Headline Risk** + * First, Peter Thiel was an outspoken supporter of Trump, who increased defense spending 5% a year while Obama decreased spending 3% a year. + * While I don’t think this will be a long-term issue, a Biden presidency does represent a potential decrease in defense budgets which could hinder Palantir’s growth with Gotham + * However, it is important to note that management during its latest earnings call did address this issue, stating that it has worked with many administrations across the world and doesn’t foresee this to be a problem + * Second, Palantir has been targeted by the media several times for giving the government too much power and the political and social environment in which the tide seems to be turning against tech could present Palantir with headaches in the future + * This risk is also further exacerbated by the fact that Palantir is 49.9999% owned by its co-founders, who are outspoken and strongly opinionated. Clear corporate governance risk. +* **Tough Competition in Commercial Space** + * In my opinion the largest obstacle Palantir faces is its ability to execute in the commercial space + * Palantir offers an expensive, premium, custom-built end-to-end solution for clients, which is great for the government but not exactly what most businesses are looking for + * Instead, most large scale businesses have already invested heavily into their own systems and want to buy best-in-class piecemeal solutions from different tech companies + * Several notable businesses left Palantir from 2019 to 2020, including JP Morgan, Coca Cola, and American Express, and this decreased the customer count from 133 to 125 + * However, one important thing to note is that in the latest earnings call, Palantir’s management openly addressed this issue and the company has already started to provide solutions that are modular, which means customers can take the individual solutions they want rather than adopting the entire Foundry system + * This also allows the company to offer different price points which may allow Palantir to be more competitive in the market + * Recent news of bringing on BP and IBM as clients could also be a sign that its Foundry business may be ready for mass adoption +* **Lock-up Expiration** + * Because this is a short-term risk, I’m adding this as a bonus bearish reason + * Palantir went public through a direct listing on September 30, 2020, during which up to 20% of shares were available to trade (edit, thx for pointing this out!) for employees and stakeholders, (NOT all available shares outstanding) + * This remaining 80% (roughly 30-40% of shares outstanding) is available to trade starting February 18th when the lockup expires and this could lead to a flooding of shares being sold and at the very least, volatility caused by the uncertainty + +**Financials and Valuation** + +* **Starting off with the income statement,** the important things to note is that from 2018 to 2019, the company has grown revenue by about 25% while maintaining roughly the same amount in operating expenses, which speaks to the improved operational efficiency of the company + * The company has guided to $1.07 billion for the full year of 2020, which represents a 44% year over year increase and for a company with 1 billion in revenue, increasing revenue growth is a great sign + * Comparing Q3 2020 to Q3 2019, the company was able to increase average revenue per customer by 38% and grew commercial revenue by 35% and government revenue by 68% + * With all this said, one piece of concern in Palantir’s income statement is its net losses. The company has not been able to turn a profit in its entire history, but it did report positive adjusted operating income in its latest quarter when adjusted for stock based compensation +* **Moving onto its latest cash flow statement,** what you mainly need to know is that the company has recently had a huge stock based compensation expense this past year due to the direct listing, so if you were to add that back, the company is essentially near break-even + * However, the company’s free cash flow (operating cash flow minus your capital expenditures) is negative, so the company still is clearly losing money although much less than even a year prior +* **Lastly, Palantir has a great balance sheet** + * With $1.8 billion in cash and only $200mm in debt, the company is in a great position to fuel its future growth +* **Regarding the company’s valuation,** while the company is growing nicely at 44% from 2019-2020, and is expected to grow 31% from 2020-2021 based on street estimates, it currently trades around a 45x NTM sales multiple depending on the day, which makes it one of the most expensive companies on the market + * The key question here is do you want to pay an extremely high premium for a company that does have a best-in-class software or wait for a better entry point? + +**What I’m Doing** + +* Personally, I can't justify Palantir's valuation, which may sound a little old-school but I think there are better opportunities out there +* However, in the long-run I am bullish on the company and would buy on any major dips in the 20s (and teens if it somehow falls down to that) +* I'm also closely monitoring what happens after earnings (2/16) and next week the lock-up expires on 2/19 so it'll be interesting to see what happens to the stock then + +**TLDR:** Palantir has a best-in-class, sticky data platform that it offers to both the government side (where it's pretty much a monopoly) and businesses (which is picking up steam with tweaks to the business model and a growing salesforce). Growing healthy top-line but unprofitable and trading at a higher valuation than almost all other software companies. I am holding off on buying for now but would welcome major dips as great buying opportunities. + +Edit: wow did not expect this to blow up! I’m pretty new to posting on Reddit and will continue to post my DD. Also thank you for some who called out anything incorrect in my research. Very helpful to get extra eyes on my research to make me a better investor as well. Thanks y’all! +To get my financial news, I go on the Yahoo! Finance website. There's only one thing bothering me. The Motley Fool articles. The writers are annoying. One day, they praise a stock. The next day, they bash it. It keeps going on and on with so many stocks. + +Is there a way to filter out the Motley Fool articles from the Yahoo! Finance website ? +I mean. It seems to me that our economy is based on poor people. There would be no rich person without a poor one (even more than one). Is it all an illusion that we could solve poverty? Maybe we could guarantee basic sanitary conditions for broke people, but not everyone of us could be rich at the same time. +I am a 14-year old in Egypt trying to make money in anyway, it's very hard for me to make money as a teen in Egypt because I can't work in any job at this age or offer services (like lawnmowing as we don't have anything like that in Egypt and certainly not for my age), I also can't do anything online because I have a very limited budget right now ( as my mum just bought a new car and $1 equals 16 Egyptian Pounds, so something that might be cheap for you can be very expensive for me). Any advice? +I am 27 years old. I have been looking a lot at where some of my friends are in life and realizing I’m not where they are feels crushing sometimes. I don’t know how to build or where to start. My only debts are my car payments (down to 13k now, $480/month) and whatever balance I have on my credit card (which is currently over 5k from moving/an emergency vet bill) and I don’t feel like that’s an obscene amount of debt but then I see friends buying houses and doing all of these fun extravagant trips and stuff and I wonder how I’m not financially there? I’ve had a steady career with decent pay since I graduated university. I paid off my student loans. Yet I’m living paycheck to paycheck and can’t seem to build decent savings. Am I crazy or is this normal? I live in Ontario, Canada and make 38k per year. Does anyone have recommendations on what I should do to start a financial plan? +Some of you don't need this post, but some definitely do. The purpose of this post is to shed light on issues with some of wall streets common ratios with profitable but shrinking, deceiving or problematic businesses. + +&#x200B; + +A value trap is when a company looks like a great deal now, but in the past it has had strong fundamentals and the market has never realized this. It's hard to spot a value trap from one or even 5 years of fundamentals. Most become obvious after 5 years. + +&#x200B; + +This happens for a number of reasons. There could be underlying business problems that are not reflected in the current financials like the phasing out of an industry. The company could also lack competitive advantages and are expected to fall father behind in years to come. + +&#x200B; + +Take a look at Macy's (NYSE:M) + +There are some obvious ways to fall into this trap. You could look at average earnings ad revenue, and compare it to the current market cap. Wow! pretty obvious discount. Average book value has been pretty good too. + +But looking deeper into factors that are not as integrated into the common ratios like massively decreasing operating cash flows. The market outlook for departments stores has been very negative, thus creating a temporary value trap before Macy's business starts to really deteriorate. + +&#x200B; + +(NYSE:SNEX) + +One interesting case study is StoneX. They have massive revenues that show up on screeners and financial data websites, but in reality the revenue is recognized through their sales of commodities that are bought and sold StoneX, creating a net revenue from this operation of almost zero when accounting for the capital expenditures for these commodities. This is an example of a deceiver. + +&#x200B; + +These are just some thoughts I have. They may not align with your opinions or they may be outright wrong. + +I use [macrotrends.net](https://macrotrends.net) to quickly look at long term data, but sometimes their data it completely wrong so you can't completely rely on them. + +&#x200B; + +u/Astronomer_Soft made a great comment on some common fundamentals that value traps have: + +Easiest way to spot a value trap. Usually has many of these factors: + +1. Generous dividend payout greater than free cash flow. +2. Recent history of declining revenues, profit margins and market share. +3. Lackluster management spouting off nonsense about unrealistic turnaround, restructuring, or acquisition plans. +4. Extremely low return on capital employed (soon to be addressed by massive write-offs of overvalued assets on the balance sheet) +5. Increasing debt, while financing costs of new debt is increasing and maturities getting shorter. +6. Reverse split to maintain minimum stock price for listing requirements. +Been looking to get a car over the past couple of months and I just can't believe how much a typical car costs on finance, I earn slightly less than twice the national average salary and I'm just not sure how regular people afford things like this anymore. + +Car finance seems absolutely wild, almost twice what I paid 3 years ago. Rent is crazy too, mortgages have gone up dramatically, food is absolutely out of control... I just don't understand how anyone is managing to afford to buy the things they typically do. + +I just don't understand how they're selling any cars, whos buying stuff like this anymore and in such volume because it certainly isnt the average person? +Hey everyone, I can’t quiet remember if I posted here before or on another sub but I am aggressively trying to reach FIRE at 45 years old, currently I’m 27F. Anyways I remember asking in the weekly discussion board if I should get a second part time job that does admin work to get that extra income and the overwhelming majority told me not to do it. + +I followed the suggestion of this group that said + +A- Improve upon your marketable skills + +B-Apply to higher paying roles and enjoy your weekends + + +I’m not here to reinvent the wheel and I’ve learned the hard way in many aspects in life. So I did what this amazing group has suggested. + + +I am happy to announce that I have just accepted a full time role and negotiated my ass off using some of the reference guides provided by you wonderful folks! I was able to get myself a 38% raise. From 105k/year to 145k/year. I am crying tears of joy and disbelief. + +I am not a software engineer, I am a bio-engineer but don’t be fooled it’s one of the lower end paying engineering fields and I honestly believed for a long time I was doomed because I live in a very high cost of living area. + +Now get this my current employer is now trying to counter with 50-60 percent raise and is trying to get back to me end of day with an offer. I AM FLOORED, by this. I can’t believe that this entire time that I was passed up for promotions, didn’t get my full bonus amount, worked 14 hour days in three different time zones that I could have been compensated 50% more!!!!!!!! + + +I will say I am grateful that with my one foot out the door they have finally admitted to my excellent work ethic and revealed my true market value. What’s nice is I will never accept anything lower and so moving on from this point forward will only be for higher pay and better benefits, and I am PUMPED. + + +I LOVE THIS SUB, and I LOVE YOU ALL. + + +Update : +Thanks to zacharyRD for finding the link to the negation reference guide + +https://www.kalzumeus.com/2012/01/23/salary-negotiation/ + +Also thanks for the supportive awards :) +There are less than 9,000 people with 1 GNT or more. + +At the time of writing, there were **only 8,894 GNT holders with at least 1 GNT**. + +**7,464** with at least **100**. + +**5,227** with at least **1,000**. + +**2,143** with at least **10,000**. + +You can find this all out on Etherscan: https://etherscan.io/token/GOLEM#balances + +&nbsp; + +In this post I'll give you a bit of an introduction to Golem and why you should take part (or invest) in it and propose a question for you: **Why do you not currently own at least 1,000 GNT?** + +&nbsp; + +**What is Golem?** + +A decentralised way to sell your computing power over the net. The first use case (and minimum viable product) will be CGI rendering in Blender, but later releases will see the platform cater to machine learning, scientific computing (BOINC-esque) and act in place of current (centralised) cloud computing networks. Effectively, Golem should act as second processor that can be tapped into at any time. + +More info on CGI rendering: https://blog.golemproject.net/the-first-business-case-cgi-rendering-ad6f8942137f + +&nbsp; + +**What sized market does this appeal to?** + +According to their own research: + +$200m+ annually for CGI rendering - applicable to Brass Golem (MVP) release. + +$200bn+ annually for cloud computing + + +Golem attaining a market share of 1% of the above would attract $2bn of annual revenue into the system. **2 billion dollars**. This is not going to happen until further releases are out, but in a few years and with enough exposure, this may not be unobtainable. + +More info: https://blog.golemproject.net/the-economics-of-the-golem-network-token-d64c1a50b1d5 + +&nbsp; + +**How successful was the crowdsale?** + +820,000 Ether in 29 minutes - I would say quite successful, right? + +More info: https://golem.network/crowdfunding.html + +&nbsp; + +**What has happened to the price since the crowdsale?** + +The ICO price was 0.001 ETH. We are currently trading around 2.5-2.8x this figure before the release of Brass Golem. Pretty much every major exchange now lists GNT. The price has taken the market cap to ~$210m and #9-#10 on CoinMarketCap. + +&nbsp; + +**When should we expect the first full release?** + +Brass Golem was noted in the whitepaper to be released around six months after a successful crowdsale. This should put the release **some time this month (May 2017)**, but obviously this is an estimate and is not final. The team are good with communication and would likely make an announcement if a delay will happen. + +So far, nothing has been said to imply there is any sort of delay or problem. A few months back, a staff member was let go from the team for talking about stuff he was not supposed to, and despite having a rant on here, he really only had good things to say about the team and what they are doing - if there were an issue or delay, he would have made that apparent. + +&nbsp; + +**My view:** + +This is one of the few Ethereum-based projects that has potential for mainstream adoption - not necessarily being every laptop having it installed and contributing power, but that a mass of PC gamers, offices and datacenters could all be contributing power in order to make best use of their hardware when it's not in use. + +In the next few months, we may start to have freelancers and smaller movie and game studios using the network for rendering. Down the line, bigger studios may join, and the same use cases that BOINC is used for could be powered by Golem. + +Amazon Web Services? No, you now use Golem. For those that prefer to buy from centralised services, good news, Amazon Web Services may even have their computing power provided in-part by the Golem network. + +At some point, Golem could even be the go-to platform for those who don't need a powerhouse PC all the time, it is used instead of buying a bigger PC. Bought Crysis 5 but stuck on 40FPS? Simply connect to Golem and away you go. + +&nbsp; + +**What if I don't care what it does?** + +If all of the above doesn't spark your interest at all, then ok, I have you covered. You're just in here for the Moon right? This is ETH **Trader** right? + +Golem currently has a ~$210m market cap with 1bn total supply. ~$0.25 will get you 1 GNT, or we'll do a deal and say you can have 400 of those beauties for just $100. 1000 of them is only $250. + +In the following month or so, their first full release will be available and should shortly start bringing in revenue. When this is released, all of the people who've been idling by and waiting before jumping in... will start jumping in. As with all Cryptos so far, it's those of you who get in earliest who see the biggest gains. + +**You think ETH is going to easily hit 10x it's current value and hit $1,000 with a supply of 91m?** You're essentially betting on it reaching double the current value of the whole Cryptocurrency world - I don't doubt this will happen, but it's not going to happen too soon. + +But GNT hitting a cap of $2.5bn is more than achievable with the potential revenue from the markets mentioned above - even from pure speculation, which is behind probably 80% of the Cryptocurrency total valuation, is probably enough to give rise to GNT entering the billion club. We already have 4 in the club and the rest are fast approaching - this will not take long for a project with such potential as Golem. + +&nbsp; + +**In closing** + +I'm a big Golem fan. I sadly missed out on the **29 minute** crowdsale but bought in shortly after. What they're building will be one of the biggest dapps running on Ethereum and will help to bring more mainstream adoption to the network, but we need to get more of us involved. + +I'll be contributing my computing power upon the release of Brass and I'd encourage everyone else out there to give it a try too - the success of our first major dapps, and Ethereum as a whole, really does depend on us. + +If you can't contribute your PC power, just buy some GNT. As a trader, this is one you do not want to miss out on. + +So, why do you not currently own at least 1,000 GNT? + +&nbsp; + +**Further reading:** + +FAQ: https://np.reddit.com/r/GolemProject/comments/640j8e/golem_project_faq/ + +Website: https://golem.network/ + +Whitepaper: https://golem.network/doc/Golemwhitepaper.pdf + +Summary Video: https://www.youtube.com/watch?v=_Q888b0VRx8 + +Github: https://github.com/golemfactory/golem + +Note: The above figures don't take into account people with GNT on an exchange. + +Disclaimer: I am a GNT hodlor and will benefit financially if the price of GNT goes up. Make your own decisions, do your own research and don't blindly follow the advice of "that guy on the internet". +Hello everyone- I am 23 Years Old and I won a really big jackpot at the casino. + +After taxes I am roughly getting that amount. + +This is life changing for me and I wanted to see if anyone else had some suggestions for me- the first thing I did was talk to a financial advisor and he is preparing a presentation for me on Tuesday. + +This was my plan; but if anybody else had any better ideas PLEASE enlighten me!! + +$379,000 + +$200K to Brokerage Account - Never Touch ( Will Compound until Retirement ) +$20k Daughters College Fund (2Yrs Old) +$38,000 Car +50k to Parents (A lot I know but their in debt. ) += $308,000 + +$71,000 left for me to live off of and save for future investments? + +I plan to max out IRA & ROTH IRA every year aswell. + +Please any suggestions- I am expecting it to be paid out soon. + +Update: Thank you EVERYONE- I really am reading everybody’s comments and taking everything into consideration! Please share your wisdom! Your comment can help change my future so please share (: + +_______________________________________ +Update: 11:31AM + +Some context; I worked two jobs as a manager of a casino at night and at a bank in the morning. 😢 my goal was to make $100k a year to pay off debt, and invest in real estate. I’ve done six years in the army aswell. I was literally working 80hours a week with little sleep. After I won I decided to take some time off from the Casino Industry as I’ve done that for years and I know I will always have a position. I prefer the 9-5 lifestyle the bank provides especially with my daughter. I have a heavy financial/management background; but no formal education. My current major is Bussines-Law + +_______________________________________ + +Update: 9:20 PM + +Thank you everyone again- I have read everything and have decided to Definitely put more into my Fidelity account; but ONLY AFTER I have researched everything intimately on all the knowledge the community has given me. In the meanwhile I can sit on it. + +There is Definitley a lot of self education but I have a lot of time and freedom afforded to me. The majority consensus seems to be that financial advisors are the devil 😅😂. + +I deleted the part about me looking into mobile homes; because I now plan to use Private Lending with Real Estate to do quick flips with an experienced and trusted partner in the industry that I learned from before early when I was 20-21. (Their portfolio is already in the millions in RE and they have always been a mentor to me.) + +I also plan to utilize my VA Loan to leverage my 0% Down- and Rehab- and Live and Flip while renting out some of the rooms. After Two Years; Cash Out Refinance- and use more of the capital for more rentals and rehab. 😊 + +With everyone’s advice I am able to Both SECURE my future through the use of Stocks and Compound Interest; as-well as BUILD further through positive cash flow from Real Estate to expand my portfolio and get the best from both worlds. + +Thank you everyone for their time and details they have provided. I have a lot to learn- but I am motivated 💪. Thank you all- and as more answers keep coming; I am reading everyone of them (: so thank you for taking your time to assist me. It is truly appreciated. +Great AMA here from Loom: + +https://www.reddit.com/r/ethereum/comments/8i4iir/hi_rethereum_we_are_loom_network_and_were_helping/ + +Also see: + +https://medium.com/loom-network/scalability-tradeoffs-why-the-ethereum-killer-hasnt-arrived-yet-8f60a88e46c0 + +" I think the real question is, what other blockchain would we have built on if not Ethereum? There's not really a credible alternative. + +- Ethereum has several orders of magnitude more developers than any other platform. And if you don't have developers building on your platform, you're building a ghost town. + +- Ethereum is sufficiently decentralized, which is necessary for a base layer. Other blockchains that claim to be cheaper / faster than Ethereum, it's typically because either a) no one is using them so there's low competition for transaction fees, or b) they've sacrificed decentralization by design in order to increase throughput. See our post on the subject. + +- As far as we're concerned, Ethereum has already won the race for developer mindshare, and with so many active projects in the developer community like Web3.js, MetaMask, Infura, Truffle, Trustwallet, etc. (it's a long list), it's going to be extremely difficult for another platform to catch up. + +- It's possible that another blockchain platform will spring up at some point in the future that's 10x better, and if enough of our users demand it we can add support for another blockchain. But we wouldn't bet on it. + +- Plus, any additional features another blockchain might offer such as gas-less transactions, low-latency transactions, or higher transaction throughput, can simply be implemented as Level 2 services on top of Ethereum (like Loom) rather than building a new base layer from scratch. " + +https://medium.com/loom-network/everything-you-need-to-know-about-loom-network-all-in-one-place-updated-regularly-64742bd839fe +Are you sick of scams and rug pulls? want to relax and not worry about getting scammed? You need to get behind Mystery coin! This coin may look like a joke, but it is just a bit of fun that has been created by one of the most trustworthy Dev’s on the BSC network! To find out more about the Dev and his team, visit our telegram and type the word ‘Doxed’ into the chat. Ownership will be renounced just after launch, + +&#x200B; + +Mystery coin is a coin that is designed to be fun! DO NOT invest your life savings into it! You can make some rapid gains with this coin, but more importantly we want people to have some rapid laughs with us in the voice chat and on telegram. Will it 10x 100x or 1000x? That is the mystery! + +&#x200B; + +We are a High-Yield Generating coin that will bury you in new coins! 💰 + +&#x200B; + +• No false promises of projects that will never happen. + +• Liquidity Locked✅ + +• No Dev Tokens❌ + +• Rug Proof✅ + +• Ownership Renounced ✅ + +&#x200B; + +The purpose of this coin is to go the moon and make all holders gains by heavily encouraging people to hold and benefit from the high reflection percentage. We have a 5% marketing tax so that we can heavily invest in marketing and properly promote the coin. The one thing you can expect from this coin is that we will be everywhere! We will be paying influencers from Day 1! + +&#x200B; + +Liquidity will be added and locked before the contract address is released to the public. + +&#x200B; + +Ownership will be renounced just after the contract address is released to the public. + +&#x200B; + +We will be Fair launching within just a few days, so to make sure you don’t miss out, please follow us on telegram for more information. + +&#x200B; + +Telegram: + +[https://t.me/MysteryCoin](https://t.me/MysteryCoin) +I tracked my fuel and parking for a month and I'm so baffled at how high the sum is. It may not seem like a big number but it's a huge chunk of what my take home pay is monthly. My work won't cover parking which accounts for 1/3 of that number which is a huge bummer. + +Thankfully I just moved to an area that I have access to public transit which will really help me save. +I’m out. I saw a report today showing how much I’ve lost over the last ten years and I’m choosing to ride off into the sunset with my tail between my legs. + +I’ve traded on and off for about ten years. Success was always right around the corner. I had some really good stretches. + +I’m lucky that is not catastrophic and I have enough to live, but seeing that number made me feel as stupid as I’ve ever felt. + +Hats off to all of you who can make it work. Best of luck to all! +Hi everyone. Long story short, I’m a new investor that got caught up in WSB and essentially lost $700. Its my own fault and I’ve def learned. + +Im looking into more long term, blue chip stocks that pay dividends. I am looking at individual stocks because as a Muslim, I cant invest in ETFs due to compounding interest. + +So far I’ve bought AAPL, T & ABBV. I’m also investing in other stocks that dont necessarily pay dividends but look solid long term (Uber, Pelaton). However my priority is consistent investing in blue chip dividend stocks & DRIP investing. + +Any particular stocks or tips you guys may have? + +Edit***: wow did not expect this much of a response. Thank you all! For those that had religious questions, I am simply not aware. Investing is a new territory for me and how religion plays in a part in it is very complex. I am trying to find out more myself. +Welcome to the Daily General 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 meant to be more relaxed compared to the serious daily thread. Memes, lambos, moons are all welcome. +- If the front page gets overloaded with memes, all but the top two posted and voted on may be removed. Basically, please post memes in this thread first and upvote the best so the mods know which ones to keep if we need to remove a bunch of memes from the front page. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our [Ethereum Education wiki page](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Thank you in advance for your participation. Enjoy! + +# + +https://preview.redd.it/1d3tfrgagrw61.jpg?width=1500&format=pjpg&auto=webp&s=48dd1a394514ae24b9dad9166f8ff676115f1edd + +# Apes, + +You guys are impressive. No, I mean it. Picture this little story. 5 months ago, I heard rumors on Reddit about people buying GameStop and I rolled my eyes at it. I did. I watched it go up to 30 dollars a share and I finally read the DD. I said, it's logical but it's GameStop. I bought 3 shares then watched it climb to 40. This is when Citron steps in and insults the Reddit community. I've never seen a stock respond that way in all my years of trading. + +&#x200B; + +So I buy more. I go hard in the 300s and even bought a couple shares pre market 500 plus. Then they shut down the buy side of trading. Now, I've literally never SEEN that before. I have never see any broker say, "No, you can't buy that stock and claim it was to protect them." So, I hold all the way down. I have HUGE losses and I won't lie, I was getting a little nervous all that time in the 40s. Then it happened. Someone got margin called and we shot back up to into the 200s, then I watched illegal things happen. That's when I said, this is fucking the real deal!!! They shorted during breaker halts, they threw the kitchen sink at getting the price back down. There was no real news that would have made GME trade that way. If there was no news driving the price action that means FUCKERY was amuck. + +&#x200B; + +&#x200B; + +Normal stocks don't go up 400% in a day on no news then fall 300%. They fucked up. When I say they, I mean the entire system. The DTCC, Hedge Funds, Main Street Media, SEC, & politicians all colluded to cover the truth. That they allowed extreme greed and hubris to keep from paying the little guy. But oh man did they FUCK UP! I didn't give up, it made me hungry for answers. I've spent more time reading, learning about on how things work, and eager to help. The community is only growing and getting more allies. Everyone knows the game was rigged but we didn't realize how badly it was rigged. + +&#x200B; + +&#x200B; + +Then Apes start unearthing facts like these news outlets like MarketWatch, Motley Fool, etc are fucking owned by hedge funds, institutional investors, and smart money. The smoke and mirrors start looking super obvious. Smart Apes start to learning how their game was played. It wasn't that the information wasn't around, it's that most people don't seek it out. People like Dr. T had been screaming this stuff at the top of their lungs and I never heard a peep. It's like my eyes are open now and I can't unsee their fuckery. Smart Apes are now breaking complex systems down for the masses and holy shit..... + +&#x200B; + +&#x200B; + +These institutions have now combined knowledge, anger, and the masses; it's going to create a catalyst for change. If they had allowed this to pop to 800 a share, I probably would have gotten out and moved on with my life. I would have never learned how broken this system is. The DTCC has gone on for a long time without true oversight. This system has not evolved in years. The SEC is a running joke. They pay attention when they feel like it. This creates a breeding ground for fuckery and robbing the poor to keep the rich, well, rich. + +&#x200B; + +&#x200B; + +If our politicians won't make this corrupt system change for us, then we will change those politicians. I'm starting local in the next election cycle but my goal is to get to a level that matters. Be the change Apes. Don't take things lying down and say, "Well, that is just how things are." We are gaining knowledge and that is power. When you start seeing through their bullshit and spreading that knowledge, that's how you create change. + +&#x200B; + +&#x200B; + +# Keep Learning you beautiful Apes and go change the world!! + +&#x200B; + +&#x200B; + +&#x200B; + +TLDR: Blah blah, corruption. Blah blah, Anger, knowledge, the DTCC/SEC/Hedgies created the King Kong monster of a problem by drawing this out.... now Apes are smarter and stronger. Diamond hands were forged by blood sweat and tears. I'm not leaving until I'm paid and changes are made. +Fellow Apes, + +I am here for one reason: to make **money**. $BONFIRE seems to be the project that will make that happen for me, and it could probably help you out as well. TL;DR: [https://www.bonfiretoken.co/](https://www.bonfiretoken.co/) + +I discovered Bonfire last night an hour after it was launched and almost immediately I could see the massive potential this had to become something special and stand out from the other 99% of coins that just simply fail and die. The branding, low marketcap, tokenomics, and incredible community are all signs of a winner. I bought Safemoon at 600 and Bonfire is giving me all the same bullish signals, but it actually seems to be a step above when Safemoon was at this stage. + +This token it has quickly gained 2500 holders in less than 24 hours. The telegram, reddit, twitter, and discord have all been rapidly growing. If you know anything about how these markets work you’ll know that general buzz and keeping steady growth is the most bullish signal there is. The rate of growth for Bonfire is just remarkable for how new this project is. The price is currently on the verge of breaking past the all time high and depending on when you read this we may already gone parabolic. + +# DEVS/COMMUNITY + +Easily my favorite part about Bonfire is the team. They are responsive, crazy talented and are CONSTANTLY working to make this the best project on the market. They’ve been working on huge marketing/charity/influencer/collaboration/partnership campaigns such as a promotion from a 2M follower tiktoker. + +The community is like a breathe of fresh air compared to others. Everyone is so welcoming, friendly and positive it’s almost infectious. A lot of average joe investors like myself are taking initiative and doing everything they can to make sure Bonfire succeeds. + +# TOKENOMICS + +**Market Cap**: \~$1,500,000**Holders**: \~2500**Supply**: 1000 Trillion**Tax**: 10% tax on every transaction. 5% to holders and 5% to liquidity.**Slippage**: 11-12% + +# DETAILS + +* Ownership renounced. Liquidity locked. +* dApp and NFT Marketplace in development. +* CoinMarketCap and CoinGecko listing imminent. +* Professional grade website. +* Poocoin front page advert running. +* Charity events and merchandise in the works. + +## [📝](https://emojipedia.org/memo/) Telegram: [https://t.me/BonfireTG](https://t.me/BonfireTG) + +[🥞](https://emojipedia.org/pancakes/) **Pancakeswap**: [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x5e90253fbae4Dab78aa351f4E6fed08A64AB5590](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x5e90253fbae4Dab78aa351f4E6fed08A64AB5590) + +📈 **Chart**: [https://poocoin.app/tokens/0x5e90253fbae4dab78aa351f4e6fed08a64ab5590](https://poocoin.app/tokens/0x5e90253fbae4dab78aa351f4e6fed08a64ab5590) + +📜 **Contract**: [https://bscscan.com/token/0x5e90253fbae4dab78aa351f4e6fed08a64ab5590](https://bscscan.com/token/0x5e90253fbae4dab78aa351f4e6fed08a64ab5590) +Still a little less than my goal of $100 a month / $1200 a year.. but was pretty close! + +Received 71 dividends in December 2020. + +Some of the larger amounts were from. + +\-- + +**FZILX** \- Fidelity ZERO International Index Fund - **$7.96** + +**JNJ** \- Johnson & Johnson - **$5.19** + +**FSAGX** \- Fidelity® Select Gold Portfolio - **$25.54** + +**VYM** \- Vanguard High Dividend Yield ETF - **$6.65** + +**IVV** \- iShares Core S&P 500 ETF - **$8.11** + +**PFE** \- Pfizer Inc. - **$20.16** + +**FDIVX** \- Fidelity® Diversified International Fund - **$10.84** + +**FBGRX** \- Fidelity® Blue Chip Growth Fund - **$58.59** + +**SPHD** \- Invesco S&P 500 High Div Low Volatility ETF - **$19.17** + +**ARKK** \- ARK Innovation ETF - **$16.53** + +\-- + +Looking forward to bigger gains and larger dividends in 2021! + +Happy New Year! +Too many times I see people trying to make the perfect DCF model to value a company. DCF models have their place and are great supplements, but understand finding true value takes wisdom and business smarts. Not superiors excel or math skills. + +We live in an era where much innovation is driven by STEM focused fields, so its easy to always be looking for the "optimized" way of doing something. Business focused investing is not that. The reason why humans still run businesses instead of computers is because of incomplete information. Business decisions are a simple concept, you invest capital to create a return, but extremely hard to master. Its not a math equation, it requires business smarts. + +Being able to read an annual report and pick apart a company's BS and evaluate their management probably gives you more of an idea about the business than crazy quant models. Quants make money on inefficiencies in capital markets, not business skills. They valuate companies on factor based AI models, but rarely can even tell you anything about management or what a company does. + +Valuation is art, it takes skill that can take a lifetime to master. Its not a hard skill like programming. I encourage everyone to estimate a business' ability to create greater future cash flows on their management and business model before opening excel to verify your thesis. +# + +[Banner submission by u\/ElectricEasel](https://preview.redd.it/gy2xzn14xev61.jpg?width=11012&format=pjpg&auto=webp&s=b3f174b844a23eac95894b5088e6d575f54e7766) + +# Good Morning Superstonk! + +&#x200B; + +[To ease the pain](https://preview.redd.it/sggrybx9mev61.jpg?width=299&format=pjpg&auto=webp&s=07b6bedb0d70813005fb2e3fdfd2e8217a7e9eef) + +&#x200B; + +So, it’s Monday morning, the market opens in a few hours, you’ve got your coffee (or your beer for you Europoors) and you’re ready to sit down and have a read of Rensole’s daily DD…. + +Then you remember. And suddenly you feel worse than when your spouse asked you what happened to the Disneyland money you’d saved (YOLO, amirite?). Rensole’s DD is no more, and a chapter in the GME saga has closed. *HODL me* 😭😭😭 + +*This is a note to Rensole. Feel free to scroll down to Dr. Trimbath's picture if you’re just looking for the Daily DD* 😊 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +Before I begin, I’m going to tell you that without Rensole and his daily posts, Pink Cats- and a lot of the comradery of this sub- would probably not be here. After reading about GME since December on WSB, I bought my first share on January 18, 2021. And I’ve been buying and HODLing ever since. But for any of you apes from the jungles of January, you know that the dip after January 28th felt like a punch in the gut. February was ***brutal***. I questioned my sanity, I cried in the shower, I mentally punished myself daily for continuing to hodl instead of just selling. I just threw my family’s savings into something I’ve been reading about on *reddit* FFS!! + +&#x200B; + +But then we migrated to r/GME, and our favorite Anchorman began showing up on our screens right on time every day. + +&#x200B; + +And he never relented. I remember days when he was sick or didn’t feel good. He still posted that beacon of hope, shining forever brighter, to lead all the apes into a new day of trading. How badly did you need that shit mid-to-late February? And Rensole was there to deliver rock steady words of stonkiness. It was like a hit of Hopium straight to the brain every morning. Friendships were built in those comments. + +&#x200B; + +Although I know he would never admit it himself, this community would **NOT** be where we are today without Ren. The gratitude I owe him for getting me through the slumps and shrugs in this GME saga is *infinite*. I never felt like I was HODLing alone. Thank you for all you’ve done for the apes. Though all you can hear sometimes are the haters, you have always been loved and appreciated by this community. Thank you for teaching us the power of being excellent to each other. We all owe you a beer on the moon. Cheers, Rensole and stay classy. :salute: + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# 🚨BREAKING NEWS🚨 + +# AMA Confirmed with Dr. Susanne Trimbath, PhD Economist, to Livestream on Superstonk Live YouTube* April 29 at 3pm EST, With Questions curated and presented by u/Atobitt + +&#x200B; + +[Dr. Susanne Trimbath, PhD Economist](https://preview.redd.it/sn43dty7aev61.jpg?width=750&format=pjpg&auto=webp&s=e41dfb3f784cb8e089e7ebbf52773aa9e9be053f) + +**\*NON-MONETIZED CHANNEL** + +So the first time I heard about Dr. Susanne Trimbath ([bio](https://www.gminsight.com/bio-susanne-trimbath))was when I watched [this documentary](https://www.youtube.com/watch?v=Kpyhnmd-ZbU&t=2217s). (Skip to 16:50 if you're just looking for the Dr. T bits but I suggest you watch this whole video when you have time.) This legend first discovered Naked Short Selling in *1993.* And what was the response from officials when she told them about this activity? "You can't balance the world." + +&#x200B; + +**Well I don't know about you apes but I'm ready to balance the damn world.** + +&#x200B; + +So that brings us to Brick Tamland (u/Bye\_Triangle) with more info on this developing story... + +&#x200B; + +[Brick Tamland \(u\/Bye\_Triangle\)](https://preview.redd.it/acasio0h8ev61.jpg?width=1800&format=pjpg&auto=webp&s=00482ba6d647b34a211e9a5dc067ed42b7cbe722) + +We interrupt your regularly scheduled programing for some Breaking news + +\*Queue News-like music sting\* ***Susanne Trimbath... Now this AMA is going to be a heavy-hitter.*** + +Trimbath has a history that is very applicable to our current situation. Once the manager of the DTC, specifically working in Settlement and Clearing, Trimbath spent much of her career trying to destroy the corruption of Wall Street, with regards to Naked Short selling. + +Authoring two books on the subject of Wall Street corruption, Trimbath is eager to take this opportunity to speak to us apes about this very topic as it relates to the GME situation, but also the markets as a whole. + +Please, check out her books on the topic, they are extremely relevant: + +\-Naked, Short and Greedy: Wall Street's Failure to Deliver + +\-Lessons Not Learned: 10 Steps to Stable Financial Markets + +&#x200B; + +But Apes, Guess what! We saved the most exciting announcements for last. Not only are we having Susanne Trimbath on for an AMA... but it is going to be a livestream on our new \*\*\*NON-MONETIZED\*\*\* [Superstonk Live YouTube Channel](https://youtu.be/9rKS92zwh_o)! Mods have been working through the night to build a platform that apes can trust to host interviews such as this. (Stay tuned for more details on the channel.) + +Though, unlike the Domo Capital AMA, we will have one of our very own apes hosting the Q & A, with questions sourced from the AMA post as well as drawing from their own expertise. This person recently wrote a certain DD called "House of Cards" ... **That's right folks, your very own** [u/Atobitt](https://www.reddit.com/u/Atobitt/) **is our host!** Atobitt has been hard at work preparing for this interview, so you are going to want to stay tuned so you don't miss this. + +Tuesday, April 27th The AMA post will go up (for you to submit questions!) + +Thursday, April 29th, 3:00 PM EDT the AMA will be LIVE! [Link to YouTube Channel](https://youtu.be/9rKS92zwh_o) + +Back to you, u/PinkCatsonAcid + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# GME wants YOU to VOTE (no, REALLY!) + +&#x200B; + +[Vote!](https://preview.redd.it/69zvcn8h7ev61.jpg?width=842&format=pjpg&auto=webp&s=5ee1ffc35c04359b5f85c8704a910588203ad631) + +So our friend u/StonkU2 did an awesome writeup [here](https://www.reddit.com/r/Superstonk/comments/mxhcnq/beware_phishing_scams_are_trying_to_steal_your/?utm_source=share&utm_medium=web2x&context=3) about the upcoming GME Proxy Vote. Essentially you need to make sure that you understand the following: + +* Your broker should contact you with proxy voting info and your Shareholder Control Number. This will likely show up in your broker inbox on your main dashboard sometime this week, if it hasn't already. But if you haven't gotten it yet today, don't freak out yet. I know I'm going to wait until at least Tuesday or Wednesday before calling to retrieve my Control Number because most brokers should have this info out by mid-late this week. Of course, it's ultimately best for you to check with your broker yourself if you ever have questions. +* DO NOT LET GO OF THIS CONTROL NUMBER WHEN YOU GET IT. APE PROTECC TICKET TO ROCKET SHIP LIKE IT WAS GOLDEN BANANA. GOT IT? That means don't go clicking phishy looking links around Twitter or reddit or ANYWHERE that isn't sent directly from your broker! I can however verify that the correct link is: [https://news.gamestop.com/proxy-online-0](https://news.gamestop.com/proxy-online-0) . This is the only place you should be sharing the Control Number!!! +* Did you hear me? **DO NOT CLICK ANY LINK TO VOTE THAT DOESN'T COME DIRECTLY FROM YOUR BROKER.** Pretend it's 2001 and you're downloading sketchy "music videos" on Limewire on the family computer. Just be vigilant. + +Now that I've made that point clear, I want you to understand how important it is that every shareholder exercises their right to vote. And that's not anyone's personal opinion, and don't let Shilly FUD tell you that you're somehow orchestrating something by exercising your right to vote. + +# Gamestop is asking shareholders directly to VOTE ASAP!!! + +Allow me to read you this excerpt from the 2021 [Gamestop Proxy Statement](https://news.gamestop.com/node/18846/html): + +*"Your* ***vote*** *is important. Even if you plan to attend the annual meeting, we request that you vote your shares* ***as soon as possible*** *by following the voting instructions contained in this proxy statement."* + +as well as: + +*"We are* ***planning for the possibility that the ANNUAL MEETING MAY BE HELD SOLELY BY MEANS OF REMOTE COMMUNICATION.*** *If we take this step we will announce the decision to do so in advance of the Annual Meeting, and detail on how to access, participate in, and* ***VOTE*** *at such meeting will be set forth in a press release"* + +So not only are they **SCREAMING AT US TO VOTE AS SOON AS POSSIBLE** (after your broker contacts you about it), they're also telling us that they're discussing a way to livestream it and let us apes in on the action in real time. Of course we will keep you updated here on the Daily, but also stay on top of your broker situation. Looks like something should be officially released by April 28, 2021 as far as details from Gamestop. + +&#x200B; + +[Banner submission by u\/itsdaynotdave](https://preview.redd.it/0wc2m40d7ev61.png?width=4001&format=png&auto=webp&s=5c7b9344215bcb487952d449f1975413bdc7ab0f) + +# A note from your friendly local Pink Cat + +If this is your first time reading my material, Hi! I'm u/PinkCatsOnAcid and I've been here in the GME Jungles of r/wallstreetbets, then r/GME, and now my lovely home of r/Superstonk. I've been memeing and vibing with my apes from the first drop of the Tendieman. I love this place. I am legitimately honored that I have been entrusted to help steer this rocket. I am going to echo what u/redchessqueen99 has said and swear to you this right now... + +**I WILL NEVER SELL OUT OR SELL ALL MY GME** + +If you ever see me posting something totally not PinkCats-like, I've been compromised. Y'all know I'm just a trippy cat that likes to meme and sometimes I hack up word-balls. And you know how much I like the stock. I'm not interested in *money,* I'm interested in *GME Tendies.* + +**I will never sell all my GME and I will never sell out this reddit account. You have my word.** + +I love you crazy mf-ers and I ain't going anywhere. You're stuck with me. 💎💅🚀 + +[Committed to you like Kenny to his shorts](https://preview.redd.it/v7huto5u1fv61.jpg?width=750&format=pjpg&auto=webp&s=09cce0e846ce21a93537520fe2e9bc638827a24b) + +Also, if I didn't get to you in yesterday's Flair Megathread, I will! I promise! And I will be doing another one very soon. That was fun and I had to cut it short to do boring mod stuff and fight some shills. 🔫 But we will resume on another weekend! + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# More Notes on FUD tactics + +If you haven't yet, please read our Reigning Queen Red's [post](https://www.reddit.com/r/Superstonk/comments/mx887u/code_red_subreddit_weekend_update/?utm_source=share&utm_medium=web2x&context=3). She said it beautifully so I won't rehash here. Just beware of the new age psy-ops happening in this sub. And the mod team is taking extensive measures to crack down and clean up the page without limiting the free flow of conversation. I can tell you this- I certainly won't use the ban hammer with a heavy hand, but I think y'all know by now I have a nose for bullshit and won't tolerate any nonsense in here. The mod team is not afraid to ban an obvious shill. And remember... if you look and talk like a shill, we are probably going to mistake you for one. We're working very hard to clean house around the sub before our guest arrives. Bring facts and research with your posts, especially if requested to provide proof of claims. I've lost 2 subs. I'm not letting you take my Superstonk, shills. + +&#x200B; + +https://preview.redd.it/su8nu5fb7ev61.png?width=554&format=png&auto=webp&s=b53074f8efeab10c572d4a3460e7abd459686da5 + +&#x200B; + +In the words of Rensole... + +**Be excellent to each other!!!** + +Be friendly, help others! + +as always we are here from all different walks of life and all different countries. + +This doesn't matter as we are all apes in here, and apes are friends. + +Doesn't matter if you're a silverback a chimp or a bonobo. + +We help each other, we care for each other. + +**Ape don't fight ape, apes help other apes** + +**This helps us weed out the shills really fast, as if everyone is helpful, the ones who aren't stand out** + +remember the fundamentals of this company are great, so for the love of god if someone starts with trying to spread FUD, remind yourself of the fundamentals. + +There is no sense of urgency, this will come when it comes, be a week, be it a month be it six. + +We don't care, just be nice and lets make this community as Excellent as we can! + +&#x200B; + +**Links you should read if you have time:** + +[DD: Here's what happens if there is over-voting (More votes than shares issued)](https://www.reddit.com/r/Superstonk/comments/mya2a8/dd_heres_what_happens_if_there_is_over_voting/?utm_source=share&utm_medium=web2x&context=3) + +**Links to socials:** + +[https://twitter.com/PinkCatsOnAcid](https://twitter.com/PinkCatsOnAcid) + +[https://twitter.com/RedChessQueen99](https://twitter.com/RedChessQueen99) + +&#x200B; + +**Edits** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ +My startup is exiting in the coming months and I want to give a gift to each of the two hundred or so employees. + +My budget is $5k per person. Is cash the best route? Is there anything else that would make for a great gift? + +Edit: Thank you all, cash and swag seems to be the most logical option. I think cash is overdone so I will be instead giving out $5000 Applebees gift cards 😉 +I have been working on the Ultimate Wargame Theory for almost two months now. Then today I had an aha moment: + +**I think what I’ve learned might explain RRPs and the role of Total Return Swaps (TRS) in the Gamestop saga and the global economic volcano.** + +This wargame short story will also serve as a foundation for what’s to come, because there is a lot to take in. For now, enjoy this theory on RRPs, TRS, and the full extent of what Apes are up against. + +**tl;dr:** + +1. I explain Total Return Swaps and how they potentially connect Gamestop to Reverse Repos +2. I open new possibilities for understanding short interest, how the game is played and prolonged, and shed light on new possibilities about the March event and May run-up. I'm hoping our technical DD wizards will take this information and run with it +3. I explain where the MOASS money comes from +4. I explain the mechanics behind this financial leviathan, and how it might explain why the market is so overleveraged as well as connect it to the arbitrage profit machine explained in [Where are the Shares](https://www.reddit.com/r/Superstonk/comments/nt8ot8/rip_uleavemeanon_where_are_the_shares_part_1/)? +5. I identify nearly 100 hedge funds connected by more than 1,500 securities since 1999, for the first time defining our enemy at its actual scale + +[https://preview.redd.it/6oydghxerza71.jpg?width=572&format=pjpg&auto=webp&s=a95ea83a119b8ca9c4d01bfe6f4f9fa1559a64b0](https://preview.redd.it/6oydghxerza71.jpg?width=572&format=pjpg&auto=webp&s=a95ea83a119b8ca9c4d01bfe6f4f9fa1559a64b0) + +A huge thanks to all the investigators and DD authors that have helped me make and confirm the connections I've found. There are too many to call out, and I'll link to the work of as many as I can find in these Ultimate Wargame posts. Everything we do here is built off our collective effort to uncover and understand information in a system that makes it very hard to do so. Much love to you all. + + +💎🙌💎💓🦍🚀🚀🌜 + +HomeDepotHank69 (RIP) and others suggested that Total Return Swaps might have something to do with the cycles we are seeing. I decided if it was important enough for Hank to mention it, it was important enough for me to look into. + +Being smoothbrained, I had to go learn what a Total Return Swap was (TRS). I learned everything I know about TRS from Investopedia, so I’ll drop links when I reference something. Otherwise, I’m going to try to ELIA as I go. I’m sure people will correct me if I’m wrong. + +I think u/Criand and u/broccaaa will be interested in what I’ve found as well, since it provides additional context for understanding the scope and possibilities available to the shorts. + +**What is a Total Return Swap?** + +Since it’s fucking up the market and could devastate the global economy, you’ve probably already guessed that it’s a financial derivative. First the definition, then a picture. + +[From Investopedia](https://www.investopedia.com/terms/t/totalreturnswap.asp): + +>A total return swap is a swap agreement in which one party makes payments based on a set rate, either fixed or variable, while the other party makes payments based on the return of an underlying asset. The underlying asset is usually an equity index, a basket of loans, or bonds. The asset is owned by the party receiving the set rate payment. + +* In a total return swap, one party makes payments according to a set rate, while another party makes payments based on the rate of an underlying or reference asset. +* Total return swaps permit the party receiving the total return to benefit from the reference asset without owning it. +* The receiving party also collects any income generated by the asset but, in exchange, must pay a set rate over the life of the swap. +* The receiver assumes systematic and credit risks, whereas the payer assumes no performance risk but takes on the credit exposure the receiver may be subject to." + +Here's my smoothbrain translation of that into an image. + +[https://preview.redd.it/6nnvzlhgrza71.jpg?width=1280&format=pjpg&auto=webp&s=e7de759b71a8013ad6e67a9102c3d1064914011d](https://preview.redd.it/6nnvzlhgrza71.jpg?width=1280&format=pjpg&auto=webp&s=e7de759b71a8013ad6e67a9102c3d1064914011d) + +Just a couple of things to know before we get to the meat of things. + +1. The **Asset** “is usually an equity index, a basket of loans, or bonds.” +2. The **Set Rate** is typically a combination of a fixed rate and a variable rate. It’s a bet, after all. The example on Investopedia uses LIBOR, which is very convenient for this theory. + +**How Does This Relate to GME? (My Theory)** + +I think at some point Kenny hatched a plan to double short his entire portfolio without reporting it *and get paid to do so*. + +The basic plan is this: Kenny bundles a bunch of stocks, including one or more that he believes will go bankrupt, and offers them to banks in a TRS agreement. Kenny gets paid if the Asset remains neutral (perfectly hedged), he gets paid *more* if the Asset depreciates, and he only loses money if the Asset increases more than the set rate. Kenny chooses stocks he can easily manipulate and sets up an algo to keep them balanced against the set rate. + +Let’s say the set rate is 2%, like in the Investopedia example. Kenny has basically bought himself a 2% cushion on his hedging, and he knows that he can drop the prices of many of these securities in order to stay net positive on the trade. PFOF helps him immensely with this, in addition to its many other nefarious uses. + +Ok, so why would the banks take him up on this? Well, for one, the set rate is often based on LIBOR, which had steadily been declining throughout 2019, and then crashed due to COVID-19 economic policies. LIBOR, again from Investopedia is "a benchmark interest rate at which major global banks lend to one another in the international interbank market for short-term loans." + +[https://preview.redd.it/9jlugywhrza71.jpg?width=1378&format=pjpg&auto=webp&s=73fd24ee33c3a57c9f5c0ea2053bd53ce84dbf7d](https://preview.redd.it/9jlugywhrza71.jpg?width=1378&format=pjpg&auto=webp&s=73fd24ee33c3a57c9f5c0ea2053bd53ce84dbf7d) + +Kenny doesn’t care that LIBOR is low, in fact that’s his lure to the banks. They get a cheap set rate against a low-risk Asset, who could refuse? + +Also, LIBOR is notorious for being used in [financial derivatives crimes in the U.S. since at least 1991](https://en.wikipedia.org/wiki/Libor_scandal). Kenny does like to collect and combine scams, doesn't he? + +Let’s take a closer look at it from both sides. (EDIT: Before we do, I want to link to [this series of comments that takes issue with my breakdown of TRS](https://www.reddit.com/r/Superstonk/comments/ojh2eh/ultimate_wargame_theory_the_beginning_total/h51wl41?utm_source=share&utm_medium=web2x&context=3). I'm too smooth and tired to figure it out, so for now I'm linking to the comment. If some wrinkles come in and clarify, I'll edit the post to reflect it.) + +[https://preview.redd.it/y8shajglrza71.jpg?width=1232&format=pjpg&auto=webp&s=29ed6398d3ffcf5fe8863a604c2a68ea9ab6ac27](https://preview.redd.it/y8shajglrza71.jpg?width=1232&format=pjpg&auto=webp&s=29ed6398d3ffcf5fe8863a604c2a68ea9ab6ac27) + +# Citadel (Payer) + +* **Owns the Asset (ETF)** + +Of course, we know it’s really “owns” the asset, but not very many other people know that, maybe nobody. Certainly not when this scheme was hatched. + +&#x200B; + +* **Collects income if the Asset depreciates** + +Who makes Assets depreciate faster and more reliably than Kenny? Not many people, that’s for sure! + +&#x200B; + +* **Takes on the receiver’s credit exposure** + +Now, normally banks are the ones with the credit exposure. They loan you money, and if you default on that loan the bank is out of luck. However in a TRS, the hedge fund takes on all the Asset’s risk. In this case, banks can bet on the long-term growth of the market against an already-hedged instrument from one of the most “solid” hedge funds around. + +&#x200B; + +* **Forfeits the risk associated with the performance of the Asset** + +This is an understatement here, because we know Kenny’s plan is to short some of these companies into oblivion. Remember the chart above, if the Asset depreciates, the banks have to pay Citadel. + +&#x200B; + +# Bank (Receiver) + +* **Collects income if the Asset appreciates** + +I don’t know if you know this, but stonks only go up. At least, that’s been the trend in the DJI and NDX for the past few years. Betting that a random bundle of, say, 50 stocks is going to appreciate over time is a good bet. + +[Dow Jones Industrial Average](https://preview.redd.it/gl6alynmrza71.jpg?width=702&format=pjpg&auto=webp&s=23dcb87651a3ba7da97c0074f2b5826b31da094e) + +&#x200B; + +[NDX Nasdaq 100 Index](https://preview.redd.it/1182gv6rrza71.jpg?width=1177&format=pjpg&auto=webp&s=21b611a1c27891af45d02b9d6f76386af7f1bbc3) + +* **Assumes systematic/market risk** + +This just means that if the market takes a shit, the banks are going to be on the hook for a ton of money because the underlying Asset is going to dump as well. Remember, the bank pays the SHF when the Asset depreciates. + +Also remember that in this way, the SHF has pawned off all the risk of the Asset depreciating. This is great if you’re planning to short companies out of existence. + +&#x200B; + +* **Takes on the payer’s risk of default** + +This just means that for the Asset in question, the owner (SHF) has no risk of default because the bank pays them proportionally when the Asset reduces in value. This is how the scheme becomes an off-book double shorting opportunity for Kenny. The banks are literally paying him to short his own holdings, and the more he shorts the more they pay. + +That was a lot, so let’s bring back the financial relationship chart and you can put it all together yourself. + +[https://preview.redd.it/mxffaaftrza71.jpg?width=1232&format=pjpg&auto=webp&s=38b16156efbeadb8647530fdc67db486be12761b](https://preview.redd.it/mxffaaftrza71.jpg?width=1232&format=pjpg&auto=webp&s=38b16156efbeadb8647530fdc67db486be12761b) + +**tl;dr:** In early 2020, Kenny thought he’d trapped the banks and planned to make a ton of money off them, no one being the wiser because it was hidden in ETFs with dozens of other stocks. + +It’s just like the Big Short, except with overvalued securities instead of overvalued mortgages. Kenny knew he had some “BBB tranches” hidden in with the A tranches, and sold them to banks in what seemed like a good situation for them but was in reality a double good situation for Kenny. + +I don’t think he was trying to blow up the banks, just executing some psycho plan he’d cobbled together from all the greatest investment scams of the past two decades. He wins big, the banks might win a bit or lose a bit, and all it takes is putting a few measly companies and their thousands of employees out of work. But neither side cares about that anyway, so they don’t look too closely. Of course, it's possible they're all in on it together. + +&#x200B; + +**So What Happened Next and How Could It Be So Big?** + +(Link Safety Notice: All of the links in the following section go to Superstonk or directly to filings on sec.gov) + +In [June](https://www.sec.gov/Archives/edgar/data/0001326380/000092189520001762/sc13da512166002_06122020.htm) and [August](https://www.sec.gov/Archives/edgar/data/1326380/000101359420000673/rc13da1-083120.htm) of 2020, Hestia Capital and RC Ventures buy large stakes in Gamestop (1.5% and 9.5% respectively) and the price stabilizes after a volatile period. + +On December 17th , RC Ventures [increases its stake to 12.9%](https://www.sec.gov/Archives/edgar/data/1326380/000119380520001571/e620151_sc13da-gamestop.htm). Let’s look at Gamestop’s chart for the back half of the year. + +[https://preview.redd.it/qmm4rfjvrza71.jpg?width=1407&format=pjpg&auto=webp&s=b37cceffe6027c68bcbbd759ae7464a70cfc1fa5](https://preview.redd.it/qmm4rfjvrza71.jpg?width=1407&format=pjpg&auto=webp&s=b37cceffe6027c68bcbbd759ae7464a70cfc1fa5) + +The next 13D filed by Gamestop was on January 10th, [outlining the provisions of RC’s agreement](https://www.sec.gov/Archives/edgar/data/1326380/000119380521000031/e620202_sc13da-gamestop.htm) with the current board. + +[https://preview.redd.it/clf49a6yrza71.jpg?width=1885&format=pjpg&auto=webp&s=394cd26915458dd203097b0fe976d3eb137406fd](https://preview.redd.it/clf49a6yrza71.jpg?width=1885&format=pjpg&auto=webp&s=394cd26915458dd203097b0fe976d3eb137406fd) + +I put the end date of RC's Standstill Restrictions at February 9th, which is 120 days prior to the first anniversary of the 2021 meeting. Had we found this earlier, maybe we would have voted Sherman out last month after all. RC just couldn’t say otherwise. Anyway. + +Let’s look at the 13Ds and 13Gs since: + +💎 + +On **Jan 26**, [Blackrock files an Amended 13D](https://www.sec.gov/Archives/edgar/data/1326380/000083423721001340/us36467w1099_012621.txt) showing that as of 12/31/20 it had: + +* 13.2% ownership (almost identical to RCV’s stake) +* \>5% “ownership on behalf of another person” + +That person? **iSHares Core S&P Small-Cap ETF**. + +Who names their kid that? + +💎 + +On **Jan 28**, Korean company Dooyong Kimeunmi Koo Must Holdings Inc files to let the SEC know they used to own more than 5% [but now own 0 shares of Gamestop](https://www.sec.gov/Archives/edgar/data/1326380/000119312521019848/d945183dsc13ga.htm). + +💎 + +On **Feb 8th**, Fidelity’s FRM, LLC [files ownership of 13.3%](https://www.sec.gov/Archives/edgar/data/315066/000031506621001050/0000315066-21-001050.txt), again very close to the percentages of RCV and Blackrock. + +On **Feb 10th**, FRM, LLC files to report [a reduction of its stake from 13.3% to 0%](https://www.sec.gov/Archives/edgar/data/315066/000031506621001389/0000315066-21-001389.txt) (they now own 87 tickets to the moon, down from 9 million). + +Huh. + +Also on **Feb 10th**, Vanguard Group [reports ownership of 7.4%](https://www.sec.gov/Archives/edgar/data/102909/000110465921018148/tv0931-gamestopcorpclassa.htm). + +But all of this is just background information, here is where things get interesting. + +💎 + +On **Feb 12th**, State Street Corp files that on 12/31/20 it [distributed its 3.5% stake across four of its subsidiaries](https://www.sec.gov/Archives/edgar/data/93751/000009375121000355/GameStopCorp.txt): SSGA Funds Management, State Street Global Advisors Ltd (UK), State Street Global Advisors Australia, State Street Global Advisors Trust Co. + +On **Feb 12th**, Senvest Management LLC files that [their 7.24% stake is now under joint control of their managing member, Richard Mashaal](https://www.sec.gov/Archives/edgar/data/1326380/000090266421001289/p21-0581sc13ga.htm). + +On **February 12th**, Donald A Foss, billionaire founder of Credit Acceptance Corp, [files that he has reduced his stake to 0%](https://www.sec.gov/Archives/edgar/data/901185/000110465921022073/tm216322d2_sc13ga.htm). + +On **Feb 12th**, Dimensional Fund Advisors LP files that [as of 12/31/20 it has a 5.6% stake](https://www.sec.gov/Archives/edgar/data/354204/000035420421000127/SEC13G_Filing.htm). + +Then it reveals this (which may or may not be boilerplate language for proxy voting, but is convenient for explaining things): + +&#x200B; + +[It's managers all the way down](https://preview.redd.it/lbr1dqx2sza71.jpg?width=1878&format=pjpg&auto=webp&s=a9267e1131004a08162074e491a18fe323dfca32) + +There it is. Six weeks into this research, and I’ve found a succinct, legal description of what we’re up against. Once we’re done with the filings, I’ll blow the whole thing wide open. + +💎 + +On **Feb 16th**, Susquehanna files that [their 6.3% stake is spread across three subsidiaries](https://www.sec.gov/Archives/edgar/data/1326380/000110465921023554/tm216465d8_sc13g.htm): Sus Fundamental Investments, Sus Securities LLC, and Sus Investment Group. Brian Sopinsky is the signatory for all three companies, as General Counsel, Secretary, and Assistant Secretary. + +On **Feb 16th**, Maverick Capital Management [filed that their 6.3% stake is spread across four entities](https://www.sec.gov/Archives/edgar/data/934639/000119312521044436/d120770dsc13g.htm): Maverick Capital Ltd, Maverick Capital Management, Lee S. Ainslie III, and Andrew H Warford. Mark Gurevich is the signatory for all four, by power of attorney. + +Same stake, same day, although the share count is slightly different for each. + +💎 + +There have been no 13D or 13G filings for Gamestop since Feb 16. + +Ok, but how does this link Gamestop to the entire global economy, much less RRPs? Well, because Citadel is a relatively new player in a much larger game. There may be hundreds of overleveraged funds all tied into the same network, each of which manages assets from billions to hundreds of billions. This is our real enemy. They are the Five Rings, and Citadel is just Ben Kingsley’s Mandarin. + +# Ultimate Wargame Theory: The Players + +In the [original Wargame Theory](https://www.reddit.com/r/Superstonk/comments/mvov2f/the_gme_wargame_a_new_theory_of_everything_my/), I lumped together Citadel and all its affiliated media, hedge funds, banks, and other allies as “The Bads.” My research over the past two months has now identified them more clearly. + +**I have examined the SEC filings of more than forty financial institutions going back to 1999, covering thousands of securities, and identified clear patterns that link them together and link them to the Gamestop saga in 2021**. I have correlated the movement of thousands of securities, and researched the people and places behind these companies to come to this conclusion: + +**We are not just facing Citadel, but a global network of banks, hedge funds, family offices, and other financial institutions who have created a de facto private stock market** and hold the fate of thousands of companies, trillions of dollars, and perhaps entire countries in their hands. I call this the Voltron Fund, but it is *not* a cosmic defender. + +[https://preview.redd.it/jcskiqp6sza71.jpg?width=486&format=pjpg&auto=webp&s=946e8cd8f39d5f30c39257fea63da175a17f3072](https://preview.redd.it/jcskiqp6sza71.jpg?width=486&format=pjpg&auto=webp&s=946e8cd8f39d5f30c39257fea63da175a17f3072) + +This monster is completely divorced from normal market mechanics because of its interconnectedness. **I believe there is a universal algorithm, Voltron’s Sword, managing the assets not of one of these companies, but all of them.** If one institution needs net capital, they get it from another with room to spare. If they need a loophole, they transfer the problem to a type of institution that can bury it in different loopholes and regulations. Sometimes they just ship it offshore, to a regulatory black hole like Luxembourg, Bermuda, or the Cayman Islands. + +Maybe what we're seeing [around net capital days](https://www.reddit.com/r/Superstonk/comments/ny2ov4/a_revisit_to_net_capital_what_is_truly_driving/) isn't buy-sell pressure from Citadel, but the entire fund moving assets to balance one another's books. We aren't fighting humans, we're fighting the wealthiest, most powerful algorithm in the world. + +**We don’t need to bankrupt one of them, we need to bankrupt all of them.** + +With respect to OP, I also don't think Citadel is [absorbing the liabilities of smaller funds](https://www.reddit.com/r/Superstonk/comments/o5z8vc/working_theory_the_shf_white_square_that_just/) that “go bust.” I think it is balancing the assets and liabilities of the entire network using HFT to put out fires wherever they arise. That’s why funds are reporting reducing positions and heavy losses rather than margin calls or liquidations. They share thousands of individual investments among themselves, as shown on the 13Fs, and can move them whenever and however often they want since they have an in-house market maker and banks with fully aligned portfolios all over the world. + +**This also gives them a functionally limitless common pool of stocks to manipulate for arbitrage profit.** + +I’ll be publishing more analysis as fast as I can write it, but for now I want to focus on the scope of what we are up against so that future analyses of things like Total Return Swaps and RRPs can take into account the scale of our enemy. + +# “For Now We See in a Filing, Fastly”: How I Identified the Voltron Fund + +Like many of you, I have been frustrated by Reddit’s constant connection problems over the past month, but it wasn’t until the weekend of June 26-27 that my DD-sense was triggered. Superstonk was barely working, or not at all, **yet between June 24-27 redditstatus on Twitter did not update once to make people aware of the problems.** On top of that, I couldn’t find any evidence that it was a widespread problem. + +Reddit’s servers are run by Fastly, which had suffered a meltdown around June 8th that had some Apes wondering if Citadel was behind it. redditstatus was all over it, as they were for problems on the 21st, the 24th, and the 29th. Yet, between the 24th and 29th they said nothing about the CDN problems that Superstonk users were experiencing. Obviously the problems have continued unabated, but only for Superstonk as far as I can tell. + +I remembered that someone had commented about [Citadel recently taking a stake in Fastly](https://www.reddit.com/r/Superstonk/comments/nv1cbp/citadel_almost_quadrupled_their_amount_of_shares/), so I wondered whether the stake was large enough to gain precise control over Fastly’s servers. And if it was, how and why? + +**First Discoveries** + +My first stop was Nasdaq.com, which is a great resource for tracking institutional ownership between the quarterly 13F and 13G filings. I looked up Fastly, clicked institutional holdings, and sorted by “% Increased.” + +I spent many sleepless nights looking at every SEC filing for everyone listed on the first two pages of results going back as far as they go back, and I found so much crazy shit. I encourage you to go look around, and have advice for doing so at the end of this post. + +The first thing I found was an amazing correlation between the portfolios of all of the following companies, who I have since come to understand as correlated to the Voltron Fund. + +&#x200B; + +[https://preview.redd.it/glwli0k9sza71.jpg?width=1542&format=pjpg&auto=webp&s=0bf1ff1a7b0864ed0c3a1410dc2f588f600157a9](https://preview.redd.it/glwli0k9sza71.jpg?width=1542&format=pjpg&auto=webp&s=0bf1ff1a7b0864ed0c3a1410dc2f588f600157a9) + +This doesn’t even include the Abdiel Global Management fund, which [took a 29% stake in Fastly in 2019](https://www.sec.gov/Archives/edgar/data/1508239/000119312519227993/d791811dsc13da.htm) and continues to move Voltron-affiliated stocks around between its various funds as recently as June. Abdiel is registered in the Cayman Islands, but run out of New York by a former Goldman Sachs employee, and is correlated in many other ways. + +Let’s just say that at this point Citadel is Fastly and Fastly is Citadel. + +&#x200B; + +>**Build Your Own DD #1:** I’ll get into how one of Fastly’s new board members is connected in a later Ultimate Wargame story, or you can try to beat me to it by figuring it out first! + +&#x200B; + +I thought I had found a good portion of the network in this filing, and that the network had come together sometime between 2015 and 2017. I was wrong on both counts. I have traced the beginnings of the Voltron fund back to a specific filing in 1999, although I don’t think Citadel becomes involved until around 2015. + +For now I’m going to focus on the timeframe of 2015 to the present, because I think that’s where our part of the story starts to take shape. I am leaving out a few pieces of information and connections, because they belong in other wargame stories, but this should be enough to establish the interconnectedness of the Voltron Fund. + +**Second Discoveries** + +While following the [trails uncovered by the Wargame Theory II](https://www.reddit.com/r/Superstonk/comments/ng4ja0/wargame_theory_ii_the_mother_of_all_fud_moafud/), I came across two hedge funds started in 2018 by Citadel employees who quit to start them: Candlestick and Cinctive. (One of them is Steve Cohen's brother-in-law.) It was here I first noticed the connections that would lead me to Voltron, but it wasn’t until the Fastly connection that I understood how to dig in to find it. + +The method is simple, and I encourage you all to dive in and find more connections as well as verify mine. I know there are more, but I had to stop at some point to tell you all what I had found. + +A 13F-HR is where a fund discloses all of its holdings, so a typical section will look like this. + +&#x200B; + +[Who are all those flowers for, Kenny?](https://preview.redd.it/71wfj7qbsza71.jpg?width=1538&format=pjpg&auto=webp&s=020299b5a8b9f88daf7da8b28ffce8ebe81725a0) + +And for a while that’s where I was looking, because I couldn’t believe how well these portfolios were coordinating (I’ll have a separate post detailing some of my findings). But then I started looking at the Cover Pages for the filings, and that’s where things got REALLY interesting. Remember Dimensional Fund’s explanation above? + +&#x200B; + +>“Dimensional furnishes investment advice to four investment companies, serves as investment manager or sub-advisor to certain other commingled funds, group trusts and separate accounts (such investment companies, trusts, and accounts collectively referred to as the “Funds.” + +Now, they’re talking about voting rights and beneficial ownership, but what I want to focus on is the fact that they “furnish advice” and manage investments for other companies as well. You can find such relationships (when they’re properly marked) on the Cover Page of a 13F filing under two categories, which are on two separate parts of the page: Included Managers (IM), and Other Managers Reporting (OMR). + +In fact, here are all the interesting things you can find out from the cover page of a 13F: + +* The address of the company +* The address of the Compliance Officer signing off on the form (often different) +* Other Managers Reporting (OMR): +* Other Included Managers (IM): +* The number of different investments +* The total value of those investments + +For example, here’s the Q1 2021 cover page for Advisors Asset Management, an absolute lynchpin: + +&#x200B; + +[Sorry for the whitespace, I didn't feel like fixing it](https://preview.redd.it/3x78qciesza71.jpg?width=920&format=pjpg&auto=webp&s=54b3c89ea01ade234303433468773fdd8c830ff5) + +Managing $6.5 billion right outside Austin, TX, [location of so many data centers affiliated to the Voltron Fund](https://www.reddit.com/r/GME/comments/mhyv94/connecting_the_puzzle_pieces_the_failed_bet/)? Wut doin'? + +I’m going to end this section with a list of funds that my research has turned up. I make no claim to know their affiliation, only that they show up on one another's public 13F filings as managers and/or share a common pool of thousands of investments. A few things to keep in mind: + +* I have investigated only about half of this list, so there may be some unaffiliated names included. However, no name is included here if it did not have some connection back to the master portfolio. +* Remember, too, that this is by no means the entire list, and most of these companies have multiple affiliates just like Susquehanna, Dimensional, State Street, and Maverick showed us above. +* This doesn't include Bads that show up in these filings such as Apollo Global Management, Virtu, L Brands, and Axa. +* This doesn't include affiliated banks, which will be covered in a future post. A few of them rhyme with Coldman Snacks, Cheddar Swiss, Sploitch. I guess you can see that and more on the Fastly filing. +* Also, who knows how many of the [$10 trillion in non-reporting family funds like Archegos](https://www.afr.com/wealth/investing/archegos-and-the-10trn-world-of-family-offices-20210406-p57gtp) there are in the mix? (Link goes to an article on the Financial Review website) + +Want to know who's going to pay for the MOASS? + +# The Voltron Fund + +Abdiel Global Fund + +Advent Capital Management + +Advisors Asset Management + +Affinity Investment Advisors, LLC + +AH Lisanti Capital Growth LLC + +Apex Capital Management (Dayton, OH) + +~~Archegos~~ + +Ativo Capital Management, LLC + +Bahl & Gaynor + +Blueshift Asset Management + +Brown Advisory LLC + +Brown Capital Management, Inc. + +Campbell Newman Asset Management, Inc. + +Candlestick Capital Management + +Channing Capital Management, LLC + +Chicago Equity Partners, LLC + +Cinctive Capital Management + +Citadel + +City National Rochdale + +Cooke & Bieler, LP + +Decatur Capital Management, Inc. + +EAM Investors, LLC + +Edgar Lomax CO/VA + +Exchange Traded Concepts + +ExodusPoint Capital Management + +Fiera Capital Inc. + +Fortaleza Asset Management + +Fourpoints Investment Managers SAS + +Glacier Capital + +GlobeFlex Capital, LP + +Glovista Investments, LLC + +Greenoaks Capital Partners + +Group One Trading + +Hanseatic Management Services, Inc. + +Hartford Investment Management + +Herndon Capital Management + +Hightower Advisors, LLC + +Holland Capital Management LLC + +IFP Advisors, Inc + +KG&L Capital Management LLC + +Lombardia Capital Partners, LLC + +Managed Asset Portfolios, LLC + +Mar Vista Investment Partners LLC + +Matarin Capital Management, LLC + +Melvin Capital + +National Asset Management, Inc + +Nicholas Investment Partners, LP + +NorthPointe Capital LLC + +Oakbrook Investments LLC + +Opus Capital Group, LLC + +Paradigm Asset Management Co LLC + +Phocas Financial Corporation + +Piedmont Investment Advisors LLC + +PNC Capital Advisors LLC + +Point Break Capital Management + +Point72 + +Redwood Investments, LLC + +Reinhart Mahoney Capital Management Inc + +Seizert Capital Partners LLC + +Simplex Trading LLC + +Stackline Partners LP + +Steward Partners Investment Advisory, LLC + +StoneRidge Investment Partners, LLC + +Strategic Global Advisors, LLC + +Susquehanna + +The Edgar Lomax Company + +Thomas White International, Ltd. + +Twin Tree Management, LP + +Two Sigma Investments, LP + +Vision Capital Management, Inc + +White Square Capital + +Zevenbergen Capital Investments LLC + +&#x200B; + +**Primary Industries Represented by Holdings** + +* Biotech/Biotherpeutics (had to misspell for automod) +* Cloud Computing and Servers +* AI +* Semiconductors +* Business Data +* Transportation, Shipping, and Logistics +* Pharmaceuticals +* Healthcare Data +* Energy Production +* Food Production +* Communications Media +* Commercial Real Estate +* Residential Real Estate +* Chinese ADR/ADS in all of the above + +It's much, but it ain't honest. + +**Total Assets Under Management?** My guess, in the tens of trillions. Some of the funds manage $30-50 billion themselves, and there's at least $10 trillion completely off the books in family funds according to the Financial Review article I linked earlier. + +[https://preview.redd.it/evwbhsrhsza71.jpg?width=455&format=pjpg&auto=webp&s=0b3ea9d2f6b4263aaa739b76fdb44cf1d5374236](https://preview.redd.it/evwbhsrhsza71.jpg?width=455&format=pjpg&auto=webp&s=0b3ea9d2f6b4263aaa739b76fdb44cf1d5374236) + +# Conclusions + +I think this research gives us a clearer picture of how certain things are possible, like hiding 2,000% short interest. + +I think it gives us a clearer picture on how the whole thing is funded, building on the work of [Where are the Shares](https://www.reddit.com/r/Superstonk/comments/nt8ot8/rip_uleavemeanon_where_are_the_shares_part_1/) and others. Citadel makes profits *in several ways* every time a stock is traded, so I think they can basically print money by moving stocks around between funds to take advantage of arbitrage. Depending on the particular need, they can move it between hedge funds, market makers, banks, and family offices at will. There is always a buyer and always a seller, and the terms are what benefits the whole. Two companies might do a trade where both lose if it means strengthening Voltron itself. This is not a rational system, it is a shadow economy sucking the real economy into itself through bankruptcy jackpots, hostile mergers, busting out, PFOF shenanigans, and outright fraud. + +**Speculation:** I think they do the same thing with options, which is why buying them for any stock in the shared pool is a sucker's game. They are in control of thousands of stocks, and manipulate them all for maximum options advantage. + +It isn't just about whether or not GME will hit its options prices in a given week or on a given security. The Voltron's Sword algo looks at options across their entire portfolio and maneuvers the stocks for maximum profit and minimum damage. The more you buy, the more information they have, and the more they can use options to manipulate the game. We know options expiries for one stock that we own, they know them for thousands of stocks that they own. + +If you want to see how connected this is with media, see the Widespread Manipulation teaser below. + +It's possible that we live in a completely fraudulent system. + +&#x200B; + +**Bringing It Back to RRPs and Total Return Swaps** + +These companies can just make shit up and call it an investment. **What would happen if I owned, say, four million GME and spread it out between four different companies?** + +Four times as many derivatives contracts! Four times as much leverage! + +And **what happens to banks on the other end of these swaps when the Asset (GME bundle)** ***appreciates*** **instead of depreciating like everyone assumed they would?** + +Every single exposed fund has to start pumping cash into the counterparty banks. + +This may explain why we didn’t see an end of quarter spike last month, because RRPs have already been increasing steadily basically since the March runup. Is there a connection? Here’s a totally speculative theory: + +&#x200B; + +* The shorts got hidden in January by the Married Puts and other mechanisms we have identified, but that’s the last time that was going to happen on that scale +* The Voltron’s Sword algorithm determines that someone needs to go, and so Archegos gets the call (remember, [Archegos is a biblical term meaning “a sacrifice, one who goes first,”](https://www.reddit.com/r/Superstonk/comments/ng4ja0/wargame_theory_ii_the_mother_of_all_fud_moafud/)) and that causes the March runup +* While they’re waiting for the Archegos fallout to appear, the Voltron Fund fragments its holdings and prepares to use a series of Total Return Swaps to keep the price under control when it shoots up as a result (similar to how they shut down January, but through a different mechanism) +* Right after that, in mid-March, is when RRPs start to rumble and they’ve been basically growing ever since, as the TRS’s leak more and more cash into their counterparty banks. By sacrificing Archegos and keeping the price steady, they have been able to draw out the charade much longer +* They keep the price flat and money flowing through HFT shenanigans between members, and they keep the shorts hidden using TRS swaps and non-reporting family funds + +This would explain the low borrow rate and reports that they are low because there is no interest in borrowing GME. They have been borrowing and shorting as part of the strategy, but the main thing keeping them alive is spreading massive leverage over trillions of dollars AUM and dozens of companies so that every company in the fund is at least $0.01 in the black. They're mostly using their own shares to manipulate the price, it's just that before we didn't know all the places we had to look. + +**I'd wager a guess, based on this research and how they seem to do things, that every single institutional share not accounted for actually belongs to Citadel through the Voltron Fund.** + +They will take pieces off the board here and there (Archegos, Citadel Luxembourg, White Square Capital) just to maintain equilibrium across the entire fund. I believe the May runup *might* have been a result of Citadel Luxembourg closing and Glacier Capital absorbing some of its positions, I have a post on that incoming as well. + +**Whew.** + +I hope this will give some of you a lot to dig into while I finish up different pieces of this project. I also hope I’ve inspired you to look into some of this yourself, if only to verify what I’m saying. I started this entire project by triangulating the Q4 2020 assets under management of three of the companies on the Fastly list. Take your pick and report your findings so we can put more pieces together. + +I know this been a lot to take in. It took me six weeks, tendonitis in my mouse-clicking hand, and several nervous breakdowns to put it together (mostly joking). I will spin out some of the implications of the Voltron Fund in future posts, including how I accurately identified two stocks that would begin correlating with GME last week by re-opening the investigation into Glacier Capital. + +Another post will show that our investment media environment is as completely fabricated as the stock market itself. + +I hope this first Ultimate Wargame story has convinced you that we are up against far more than Citadel, but the fundamentals haven't changed: + +**Buy and Hold, and love one another and the world around you. We are going to be alright, we are going to win, and we are going to have a chance to forge a better future for ourselves and the world.** + +I look forward to continuing this conversation with you in the comments. + +💎🙌💎💓🦍🚀🚀🌜 + +Blanderson +The most important post of this week is IMHO: [SR-NSCC-2022-801 is the new SR-NSCC-2021-010💡](https://www.reddit.com/r/Superstonk/comments/u7bwvf/srnscc2022801_is_the_new_srnscc2021010/), because MOASS is threatened again by bad actors. + +I won’t go into detail which posts I consider forum sliding, but let’s just say we need to comment on this new proposition to prevent it. +I’m dealing with some mental health issues unrelated to substance abuse. I’m not planning imminent suicide, but I’ve been thinking about it a lot (constantly) and want to stop. I have been going to therapy but he can only help if I tell him what’s going on in my head — and I haven’t. + +And I don’t want to tell my wife either. + +Are there places I can go that look like a business retreat for inpatient treatment? + +Are there places I can go and keep access to email so I can maintain the appearance of working? + +Are there anonymous therapists online? I called the prevention hotline and they are very nice, but primarily trying to keep people from doing something immediately. And I want to work with someone longer term after I mail them cash or send bitcoin or something. + +I can logic myself out of imminent harm but really want to stop the cycle. +With the current gas crisis being added to the logistics crisis. Along with feed in costs from global commodity prices, as well as wage growth inflation. And to top it off China seems to be showing it's first signs of debt issues. Do we feel that we are looking at the inevitable end of the party or do people feel that this bull has further to run before the market turns bearish? I know that the real answer to this is I'll tell you once it's happened but I just wanted to hear peoples opinions on this. + +For my tuppence I still think that until interest rates hit 2 or 3 percent equity prices are going to be pushed up and the current pullback will be seen as a buying opportunity, however I do feel that we may be closer to the end than the beginning of the bull market. +Bold move, gonna shave off quite a bit of Walmart's top line this quarter since a big appeal of their eCommerce business is offering Free Shipping to customers without the need to buy a membership. + +&#x200B; + +&#x200B; + +&#x200B; + +Source: [https://www.usatoday.com/story/money/nation-now/2018/11/05/amazon-drops-25-minimum-free-shipping-through-holiday-season/1889512002/](https://www.usatoday.com/story/money/nation-now/2018/11/05/amazon-drops-25-minimum-free-shipping-through-holiday-season/1889512002/) + +&#x200B; + +&#x200B; +Folks be careful with DLC, lots of people in this sub myself included have received DMs from bot accounts pumping and promoting DLC. I am very sus that this is being operated by a pump/dump group there seems to be money behind it. There are literally hundreds of these accounts, i tried interacting with some of them and they have very similar responses (e.g when confronted why DLC their response "I just like lose money, its fun HAHA") + +They are also trying really hard to meme DLC by creating posts with dildo memes and every non-dlc post you'll see a random reply about DLC from sus accounts. This appears to be coordinated rather than legit members + +They are trying to make the whole "HAHA Dildo company now doing mining HAHA" meme a thing + +Don't fall for it and do not participate, i'm all for having fun and making money but don't be part of a pump/dump group who will profit big from your losses. Keep your eyes open and you will observe and understand exactly what I mean +I do not get the economics of slavery. I mean in the short term not paying the labour does seem like a way to increase profit’s, but in the long term of economic growth it just does not make any sense. My thinking is that if you pay your labour force (to my understanding slaves worked in the labour force) a reasonable living wage wouldn’t that make an insensitive to invest in R&D to replace the labour force with technology that would increase productivity in an efficient and effective way. ([In economics, it is widely accepted that technology is the key driver of economic growth of countries, regions and cities. Technological progress allows for the more efficient production of more and better goods and services, which is what prosperity depends on.](https://rcc.harvard.edu/knowledge-technology-and-complexity-economic-growth)) And by increasing productivity I would argue that by doing so you can reduce costs which will increase consumption, and increase net exports ([GDP = Consumption + Investment + Government Spending + Net Exports](https://www.britannica.com/topic/gross-domestic-product)) || Not only the GDP technology growth but also paying the labour force a reasonable wage would increase Government Spending since you have people paying taxes. Also if you treat people as people instead of slaves I would argue that you can increase the quality of labour by you know letting people get education you can increase output. ||| So my question is why do I hear that slavery was good economically when it isn’t +In this piece by David Frum: [https://www.theatlantic.com/ideas/archive/2021/09/five-challenges-could-trigger-trump-comeback/620221/](https://www.theatlantic.com/ideas/archive/2021/09/five-challenges-could-trigger-trump-comeback/620221/) He said this about rising prices in the U.S. + +> Economists disagree on whether to describe the resulting rise in consumer prices as “inflation,” in the sense of a loss in the purchasing power of money relative to all goods and services. + +Is he right? If so, then what are the names of these economists and why the disagreement? If he is wrong, then how did anyone make this kind of mistake when you can just look at the CPI and see that its going up? [https://www.bls.gov/cpi/](https://www.bls.gov/cpi/) +I have started browsing this sub recently and noticed a common thread. I see people who get into financial trouble or lose their job when their car breaks down and they cannot afford the repairs. I have been in the automotive repair business for 15 years and often try my best to help people who are financially stricken. I can offer free advice on how to make repairs yourself to get you back on the road. I regularly service and have in depth knowledge on vehicles of all makes and models (barring exotics). I can tell you how to replace timing belts, CV shafts, wheel bearings, diagnose misfire, ect. Unfortunately, my advice is U.S. centric since that is the market I am familiar with. If someone wants to attempt a repair themselves, I can walk them through the steps and tools required. I started off repairing vehicles for students at a nearby college campus in a Walmart parking lot so I am aquatinted with roadside repair work. +I'm a 26 year old software engineer making 80k a year. For the last few years I've been slowly gravitating towards a dream of living in a small town near the beach (or on it) and working a simple job that frees my mind for other activities. I love the idea of working either an outside job, or if I must return to the office life, a university staff member. + +I'm currently paying off all of my school, credit card, and new car debt which is about 36k. Is it feasible to think that in around 5 years I could move into this lifestyle? It seems to be a dream a lot of people have, but they can never accomplish because they get into too much debt. What choices can I make that would make this easier? Thanks all for any advice you can provide. + +** To clarify, I don't hate my job either and it's probably one of the best jobs a person could ask for. I just tire of wasting away in front of a computer screen 8 hours a day and listening to the same terrible office jokes. I've been watching everyone around me get into massive debt and have nothing to talk about aside from what junk they've been buying. I grew up very poor, and now that I've worked my way into a position like this I realize that it's all a little too much for me. I'm a simple man. :) + +***EDIT: Wow, thank you all for the amazing responses. You guys definitely showed me some great resources for working remotely and I could totally see that being the correct path for me. I think I will slowly try to work towards that for now while paying off my debts in the meantime. Thanks everyone. :) +**Lesson 1:** Stop thinking it’s too late. We haven’t even seen the tip of the iceberg. Even in 2013, people would say "Those that bought in 2012 were so lucky, we are too late. We'll just get the scraps." Same for 2017. You wish you bought when it was cheap, but would you? Probably not. Why didn’t you buy more when it dropped to $4K last year? Would you have held if your money tripled or quadrupled? + +Everyone has been telling me it is too late since 2013. 99% of my friends didn't buy at $200, or $2000, or $20,000 per BTC because it was "too late". Don't make the same mistake. It's not too late, Bitcoin isn't even a teenager yet, it's only 12 years old. + +**Lesson 2:** Stop thinking about the 50 BTC you lost on satoshi dice (yeah, coins were cheap back then), or the 5 BTC for that bag of herb that you smoked (or that acid you took). It’s gone. Stop thinking you should have sold at $20K and bought back in at $3K instead of hodling all the way down and capitulating “to buy at $1.8K”. Stop thinking you can time the dips, and sell the tops. Stop regretting not buying earlier. + +In short, stop fantasizing about what you could have done in the past and start thinking about today and the future. This is the mindset you should have: + +*“What should I do today, so that tomorrow, I won’t regret yesterday?”* + +"Buy Bitcoin" is the right answer, by the way. + +**Lesson 3:** Building things will require a lot of sacrifice. I would have way more BTC if I didn't start a Bitcoin startup in the Philippines back in 2014. 7 years in this industry feels like 70! I grew many white hairs in the last 7 years. I know many people who have the same experience -- those who would be wealthier and more relaxed today had they just bought Bitcoin and Hodled instead of building stuff. But at the end of the day, you can still accumulate AND build. Again, it is not too late, even at this stage. Stack sats while building stuff! And always remember that the backbone of this industry are the tens of thousands of people out there, building stuff to make Bitcoin WORK, to make Bitcoin accessible. This isn't some vaporware with no backing - it is backed by human ingenuity and the blood, sweat, and tears of all the startups and companies out there making sure this thing survives and thrives. + +**Lesson 4:** Bitcoin will keep surprising us. Don’t believe people who tell you they know what will happen. When you think it is time to sell because you’ll be able to buy cheaper later, it will break out and up. When you think we will “never see X price again” we'll see it again. When people say this is is, this is the peak, it won't be the peak. Be prepared for faces to melt and minds to crumble into madness from disbelief at what Bitcoin will achieve. + +*There is no army in the world that can stop an idea whose time has come.* + +**Lesson 5:** Bitcoin is a remarkable phenomenon, a once in a generation opportunity to participate in the evolution of how we move value around the world. Anyone that tells you otherwise is either ignorant or trying to deceive you. This network has gone through the most crucial tests of pressure and time that make it anti-fragile. Pressure and time, that’s really all it takes. Everything else will be built around this bedrock foundation. + +**Lesson 6:** Mass adoption is a myth. Bitcoin doesn’t need "mass adoption". More like, mass adoption needs Bitcoin. It only needs a small % of the world’s wealth to “get there”. Bitcoin makes no promises other than to reliably and consistently create new publicly verifiable blocks of immutable transactions every ten minutes. This is all it needs to keep doing consistently and securely for its value to increase exponentially over time. Everything else is gravy. + +**Lesson 7:** We still have at least another decade of this crazy rollercoaster ride before Bitcoin starts to get even slightly boring. Just strap in and enjoy it. + +**Lesson 8:** Make some friends along the way. Make enemies if need be. I’ve made lifelong connections and relationships in the last 8 years in this industry. I have had a dedicated Buttcoiner hate group that created fake accounts similar to my name to try and embarrass me. Fake accounts, phishing, hacks, personal attacks. I don't give a fuck. And like I keep saying, we’ve only just begun. + +A lot of the people you meet today will be playing huge roles in this industry in the near future. You’ll be in good company when the time comes. At the end of the day, life is all about the relationships you make along the way. Make sure they're meaningful ones. + +Most of the friends I made since 2013 who have stuck around are already wealthy beyond their wildest dreams, and they're still sticking around, giving back, helping others, helping their communities, doing awesome shit. + +**Lesson 9:** Do watch out for snakes and wolves disguised as people. Been scammed, lied to, stolen from, used, abused, harassed, you name it. There are a lot of bad actors out there, hiding behind smiling faces. They want what's yours and will go through great lengths to get it. Don't let anyone tell you different. These people will stab you in the back, slit your throat, take everything, and leave you out in the alley talking to yourself about what the fuck just happened. If you don't believe me, then you're the lamb that's going off to the slaughter. + +**Lesson 10:** Take it easy. It’s easy to get caught up in all the hype, to want all that attention. It’s easy to get lost in the confidence of a bull market and the despair of a bear market. Step back and try to gain the peace of a lofty perspective. + +When you’ve been in the Bitcoin game for a while, you gain a certain peace. A relaxed comfort. Eyes open, ears open, radar up. Absorbing every message. Taking everything as it comes. Not mixing what they really are with what you want them to be. It's like an aerial view. + +A view from above the myriad luck-dependent reactions of those who never gain such a peace. And when you gain that view, that peace - when you'd rather have the truth, no matter how disappointing, over a false hope, no matter how desirable - then you will finally understand the true meaning of hodling Bitcoin. + +See you guys in another 8 years. + +------- + +Edit: *Wrote this two years ago, edited it a bit to reflect certain recent developments. Back then, Bitcoin price had just broken out of the deep recesses of the 2018 bear market and rose from about $3500 to $10000 in a couple of months. Thought it was worth a re-share today.* + +Edit: Adding one of the best articles about Bitcoin out there, [The Bullish Case for Bitcoin.](https://vijayboyapati.medium.com/the-bullish-case-for-bitcoin-6ecc8bdecc1) A must-read for all newbies and veterans alike. +“If you’re going to soend that much per month on rent you’re throwing money away, you should be putting that into a mortgage.” + +Is it necessarily financially wrong to spend that much on rent? + +Here are the details: + +I live in los angeles, things are expensive. In order to buy a home in a place id want to live (location and quality) id be looking at a $2.5M home. + +Here are my problems with this (please poke holes): + +1. The downpayment would be around $250-400k. Hypothetically this is doable, however... + +2. That’s $250-400k thats not going into the stock market. Historically, the market grows on average higher than real estate so if I had that money to invest in something i’d rather invest it there and get a better return. + +3. Factor in all of the other responsibility that comes with owning a home + the fact that i’m saddled to one place (not a huge deal but still worth considering). + +4. I dont NEED a home for anything. I dont have a family or foresee one in the near future. + +So my question is, is it still stupid to spend $6k per month on rent? Or can it be financially justifiable, especially if im still budgeting to save and invest so it’s well within my means. + +Just trying to get both sides of the argument so look forward to anyone pointing out any glaring issues with this logic! +HIDDEN GEM TO DETHRONE ROOBET?!?! +What's up guys +So I've been holding this coin called Mello Token for quite some time and honestly they have blown me away. From partnerships to app development and casino updates, they have pumped out more content then any shitcoin I've ever had. + +I'm the kind of guy to hold on to a BSc token for a 2x-10x and get rid of it fast af. However, Mello token is a hidden gem and I'm holding for the long haul! I personally think this is gonna be bigger then roobet + +What is Mello? + +Mello Token is a redistributive cryptocurrency rooted in the Mello Virtual Reality Casino concept, designed to provide automatic flowing rewards for holders and players alike. A 3% redistribution fee is placed on all transfers, purchases, and sales of Mello (outside of exchanges) which is rewarded to all holders. Put simply, all holders of Mello earn rewards on a constant basis which will be eligible for play inside the Mello casino. + +Why Mello? +The Mello team has been equal parts meticulous and aggressive in the development process of their project thus far. The team has already shown their faces and are obviously committed... they have been checking off items from their roadmap one by one. + +Entering the enormous casino market with high transaction volume, the 3% redistribution has the potential to prove wildly beneficial for holders of Mello. Launched a month ago and with a market cap of roughly $12 million, Mello Token has tons of room to grow. + +The first iteration Mello web Casino will launch by the end of Q3 / beginning of Q4, after which the team will be focusing their efforts on Virtual Reality development and partnerships. Mello is currently in the process of forming further partnerships which will help facilitate the development of other aspects of the Mello vision. + +The designers have been hard at work creating conceptual assets, some of which were presented during our AMA in our VR Concept walkthrough. + +In case you missed the walkthrough, check it out on their AMA recording. Timestamps for VR concept walkthrough 26:46-29:44 https://www.youtube.com/watch?v=xmLk9PnwCSw&t=280s + +In this walkthrough they show tons of stuff! + +Slot Machines, Card Tables, Bar area, Sport Betting Area, and more! + + +Website: https://www.mellotoken.com BSCscan:https://bscscan.com/token/0x651bfbb26455294408aabc61a7adf427bf149898 + +CMC: https://coinmarketcap.com/currencies/mello-token/ + +Coingecko: https://www.coingecko.com/en/coins/mello-token Coinbase: https://www.coinbase.com/price/mello-token +# ~~ Activision Blizzard vs Electronic Arts ~~ + +>I want to add to my portfolio a **gaming company**, so I decided to take a closer look at the gaming giants - **Electronic Arts and Activision Blizzard**, I decided to choose only one because I want to keep my exposure levels to this sector to a minimum. + +*Feel free to agree / disagree with my research + My personal opinion will be added to the 1st comment.* *\** ***resources note***\*\* \~ At the bottom of the post !\* + +***Intro:*** + +>In my opinions both companies are very interesting, on the **EA** side, you will find many beloved games such as: *FIFA, MADDEN, UFC, NHL, BATTELFIELD, MEDAL OF HONOR,* etc… (**Fun fact**: FIFA 21 for sold 325 million copies!) +> +>But on the **ATVI** side you may find games like : *CALL OF DUTY ( Modern Warfare 2 sold* ***25.02 Million*** *copies) CRASH BANDICOT, WORLD OF WARCRAFT, DIABLO, CANDY CRASH,* etc… + +&#x200B; + +***So, lets dig into the financials!*** + +# > Financial Comparison- (2020 + 2021) + +***\~ Companies overview \~*** + +Market cap: $64.106B (**ATVI**) VS $40.678B (**EA**) + +Revenues (2020): $8.09B (ATVI) VS $5.54B (EA) + +Cost of Revenues (2020): $2.26B (ATVI) VS $1.37B (EA) + +Gross Profit (2020): $5.83B (ATVI) VS $4.17B (EA) + +&#x200B; + +***\~ Key metrics comparison \~*** + +Revenue per share (2020): $10.96 (ATVI) VS $18.90 (EA) + +Net Income per share (2020): $2.84 (ATVI) VS $10.37 (EA) + +Cash per share (2020): $11.19 (ATVI) VS $19.57 (EA) + +**\~** ***Ratios comparison \~*** + +Gross Profit margin: **2019** 67.73%, **2020** 72.05% (ATVI) VS **2019** 73.29%, **2020** 75.28% **(EA**) + +&#x200B; + +Net Profit margins (2021): 29.17% (ATVI) VS 14.87% (EA) + +&#x200B; + +Return on equity (2021): 17.72% (ATVI) VS 10.68% (EA) + +\~ *Balance sheet comparison \~* + +Short Term debt (2020): $25M (ATVI) VS $600M (EA) + +long Term debt (2020): $3.60B (ATVI) VS $0.40B (EA) + +Cash and cash equivalents (2020): $8.65B (ATVI) VS $3.77B (EA) + +# ~ Growth analysis ~ + +>*The growth analysis is a* ***quarterly*** *comparison between 2019 to 2020 financials results- (* ***last quarter*** *reported).* + +&#x200B; + +Revenue growth: 0.92% (ATVI) VS 15.23% (EA) + +&#x200B; + +Gross Profit growth: 20.35% (ATVI) VS 2.59% (EA) + +EPS growth: 41.44% (ATVI) VS 172.44% (EA) + +Net income growth: 46.17% (ATVI) VS 198.23% (EA) + +R&D expanses growth: -5.10% (ATVI) VS 10.04% (EA) + +# ~ Analysts Comparison ~ + +***ATVI***: Based on **17** Wall Street analysts – **15 Buy** 2 hold 0 sell + +**Estimates** – low: $100, Average: $114.25, High: $125 + + +***EA***: Based on 21 Wall Street analysts – **17 Buys** 4 hold 0 sell + +**Estimates** – low: $148, Average: $172.10, High: $195 + +# Number of employees Comparison + + +***why this is important ?*** **recruiting employees growth** indicated that the company still looking to grow revenues, expend to different locations, releasing new products.On the other hand, companies that layoff employees, trying to move to more lean business model, expanding their operations is not their first priority anymore. + +&#x200B; + +**2020 –** 9.50K (ATVI) VS 11K (EA) + +# My Conclusion + +>Both companies show an extensive growth, whether its financial or popularity among their fan base, but after considering all factors, **Activision Blizzard has the upper hand**. +> +>Even though, it may seems that EA release more games then ATVI, has a diverse library of successful games. +> +>moreover, after looking at both companies financials and growth indicators, it appears that ATVI's revenue growth is much stronger than EA's, and with a bigger gross profit to be considered .. my winner is definitely **Activision Blizzard** + +&#x200B; + +***\*\* Resources list \*\**** +[JIKA.IO](https://JIKA.IO) \- Financial Comparison +tipranks- Analysts data +[FINVIZ.COM](https://FINVIZ.COM) \- companies stats + [cnn.com](https://cnn.com) \- employees numbers + I just finished working my first busy tax season. When I got hired my boss said at the end of tax season he gives out a 'little bonus', I figured it would be about $200 and forgot all about it. Yesterday just right after midnight my boss called me into his office and the check was on the desk. I saw the amount and my knees buckled, I immediately started to cry. I dont rememeber what exactly I said but something along the lines of 'are you serious?' I kept crying for at least 2 minutes while my 2 bosses and the other associate laughed a bit. Im 34 with 2 preteens and last year I finally completed my bachelors in Accounting after about 13 years of taking classes on/off. This was my first accounting related job and Im so happy. I cried all the way on my drive home. I just wanted to share. + +Edit: i never initiate a post and realized after posting that the headline is misleading..cant edit the title sorry! + +Thank you for the well wishes and the awards! +I'm in an awesome position and I really don't envy people buying houses now , but I've managed to put everything I have into paying off my mortgage all while only just making it to earning 78k this year. + +Now for a brief timeline .. + +2009 - purchased land at 10% deposit on a $105,000 block of land in Melb Outer West . Current job was permanent part time making under $20k per year pre tax , got a new full time job at 31k per year + +2010 - starting house building construction loan 5% deposit on a $189k house price , extra fees etc are about $25k to make loan total around $320k , pay rise to about 41k. + +2015 - bought a new car with extra mortgage payments sitting in redraw $16k , then husband needs a car after his was totaled in an accident - request to add more onto the loan + $11k , payrises inbetween now small an incremental. + +2017 - left job location/ type but stayed in same company - payrises denied because it "was tied to my job title" and not actual work output or knowledge. + +2018 - find out about amortization schedules and crunch numbers to see how quickly I can pay off house - estimated 6 years + +2019 - had a epiphany I didn't like my job and I could get long service leave payout to put on the mortgage , new job a little higher at $65k + +2020 - pandemic so no travelling or much spending + +2021 - payrise to 70k + +2022 - payrise to 78k , pay off mortgage + +I was also helped by a partner but I did pay most of the extra payments. It might not help people in the current situation; it did seem daunting for me but the pay off will now be worth it. + +I don't plan on moving or buying an investment property - onto ETFs for us now. + +Thanks for reading! +A bit about myself: +I'm 27 years old now. I am on just £700 A month as a merchant navy cadet, while I'm not at sea I am living with my parents. I was at the nautical college but all learning was moved online. + +With the way the things are now, I will not be getting employed by the end of my training. It was already bad for british officers; why hire a British deck officer for £xxxxxx when a Filipino officer only costs £xxx? Consequently british crew are pretty much non existent on cargo ships but that's an argument for another day. Long story short the pandemic had destroyed many businesses and shipping is one of them. Cruise ship crews and offshore oil especially have their careers down the toilet. + +Before I embarked on this new career path, I worked at Mark's & Spencer as your ordinary retail assistant. £8.85 an hour, about £16000 a year. This was straight after I graduated with a music drgree that I got a 2.2 in. Pointless degree, bad grade, yeah. 4 years of my life wasted. +I a feeling tempted to drop out of my merchant navy cadetship and going back to my previous life ashore but all I see, and all I seem qualified for, is minimum wage work. I just feel so depressed that I will probably never amount to anything more than that. I started it with my head on straight, head down and high grades, taking it extremely seriously this time. But the pandemic is just destroying my chance of any employment by the end which will be a couple years from now. + +My only saving grace is that I have £11,000 in savings, which definitely puts me above average for my age group. +I've got a help to buy isa, but wonder what else I can do with my money. +My parents are getting old, they would be incredibly disappointed if I decided to drop out but they are out of touch with the job market. They were of the job-for-life generation, where you got on your bike, handed the shop owner your cv, firm handshake and hired on the spot etc. + +Don't even know what I'm asking, think this is just a rant over my quarterlife crisis I'm having. I see people earning even just £20k and I wonder how the he'll do you even do that? I would be so happy to earn that. Are there others here like me? +Hi all, + +Just wanting to see your view on this. + +Tomorrow is my last day at work. I have resigned 4 weeks ago. + +For the past 3-4 months i have worked and burned myself out due to additional responsibilities given to me which started to take away time from my core tasks. + +On my resignation, my manager wanted me to complete certain tasks which i said ok to. + +These tasks were originally delayed due to me spending too much time on the additional work. and manager is aware of this. + +but as days gone by, this 'certain task' branched to many other tasks and according to him these were easy works so i can just get it done and crossed off my list. + +For the past 4 weeks in between christmas and new year holidays i have also worked and did not get to enjoy my time off + +On some day I started work at 4AM on some days as i cant work too late since I have kids and im trying to balance my life. + +Am i just too stupid? who here still start works at 4AM after handing in resignation? + +I honestly do not think i can present 100% of work to him by tomorrow. My entire team get 1.5 weeks to do the work and i get 4 days. + +What can he do from employer end? withhold my pay? + +Any view/suggestion? + +&#x200B; + +Thank you. +I'll start: + + +I've never in my life seen so many recruiters get laid off on linkedin. If companies are cutting recruiters, they don't intend to hire that many new people as they fear a recession +DoJ investigating Citadel is a very big deal + +Honest Investors will not want to invest in Citadel because + +1) No one wants to be associated with a company undergoing a criminal probe + +2) There is risk money gets frozen + +3) Even honest people don't want to get caught up in a DoJ investigation. There are a ton of headaches if you get caught up in someone else's drama + +************************************************************** + +Dishonest Investors (and let's be frank, Kenneth Griffin is not flying to obscure locations in Norway, Africa, Russia, Europe on his private jet to meet Honest Investors) + +*** +Well Dishonest Investors will not want to associate with someone being investigated by DoJ because + +1) DoJ will investigate everyone who is investing in Citadel + +2) Funds might get frozen + +3) Funds might get lost if any illegal activity is determined + +4) Return on Investment of Frozen Funds is ZERO + +5) Citadel getting investigated might slow down/stop Citadel illegal activities and blow up Citadel short positions and funds go to ZERO + +************************************************************* + +There is NO WAY to spin this as a positive + +Citadel lost 75% of its future clients the MINUTE the news came out that Department of Justice is investigating them + +Please think of it yourself as a soon to be very rich private individual - would you ever put your money in a Hedge Fund that was being investigated by the Department of Justice (or had been in the past) + +No one in their right mind would do that + +************************************************************** + +This is perhaps the Biggest Positive News for GME shareholders in the last year + +Citadel being a Market Maker and a Short Hedge Fund, was/is uniquely positioned to delay GME MOASS + +An investigation of Citadel + +********************************************************** + +At the Minimum + +1) Slows down illegal activities + +2) Causes some investors to pull funds from Citadel + +3) Scares smaller Short Hedge Funds from doing illegal things because they might get pulled into the Investigation + +anyone not shorting GME, will now think TWENTY TIMES before shorting GME + + +**************************************************************** + +Thanks to Department of Justice we also get some really big things that MIGHT HAPPEN + +In the 'Might Happen' Scenario + +1) It might cause GME MOASS + +2) It might lead to Citadel having funds frozen, which should also cause MOASS + +3) It might lead to Citadel being stripped of Market Maker Privileges + +4) It will scare SHFs into not doing illegal things. EVERYONE is scared of DoJ. Let's not confuse SEC (which has zero power to put people in jail) with DoJ who are heavy hitters (74%+ conviction rate when charges are brought) + +*********************************************************** + +At a moment like this, when we are close to MOASS with a whirlpool of factors + +a) Russia + Ukraine + +b) Financial Covid + Evergrande + +c) Inflation Crisis + Supply Chain Crisis + +d) Fed and Plunge Protection Team selling billions of puts to save market + +e) Fed having to do interest rate hikes + +************************************************************** + +This is AMAZINGLY GOOD NEWS + + +************************************************************** + +Please ask yourself -> + +Why are there so many posts that are overly negative towards this SUPER Positive Development? + +Because Short Hedge Funds and Short Family Offices are fighting a Psychological War + +They know that this news alone can strengthen GME shareholders into holding even longer and stronger + +If someone's HORIZON was 3 years, this news makes them think FIVE YEARS + +If someone's HORIZON was 10 years, this news makes them think 15 years + +Even not 100% faith people will go from 'I'll hold for 1 year' to 'Damn, this is BIG. I'm going to hold for 2 years' + +********************************************************* + +This is the kind of news that + +a) Turns Paper Hands into Diamond Hands + +b) Turns Fence Sitters into GME Shareholders + +c) Turns on the FOMO switch + +*************************************************************** + +That FOMO will kick in as details of DoJ probe are confirmed. There are a TREMENDOUS amount of people sitting on the sidelines + +************************************************************************** + +Please disregard FUD and MUD claiming DoJ probe means nothing, and that nothing will happen to Citadel + +Just the news that Department of Justice is investigating Citadel is enough to ensure that Citadel has lost 75% of its future clients + +************************************************************ + +No honest person will invest because + +a) they don't want to associate with someone who will tarnish their reputation + +b) they don't want to participate in illegal activities + +c) they don't want their funds frozen and making zero money + +************************************************************** + +Dishonest people will run away + +a) No one EVER wants to be part of a DoJ investigation + +b) People with something to hide will do ANYTHING to run away from a company getting investigated by the DoJ + +***************************************************************** + +This is Incredibly Good News! Please take it as positively as you can! Citadel just lost 75% of its future clients (perhaps more) + +And might be on its way to losing 25% to 50% of its existing clients + +All those people in Africa, Europe, Russia that have secret private jet liaisons with Kenneth Griffin on obscure flight strips want ZERO part of a DoJ investigation + +********************************************************************** + +God Bless GMErica!!! +We’ve registered 12.7 million shares. At the current price of $121, that’s over $1,500,000,000 (1.5 billion). + + +Retail is THE whale. Everyone else is just a minnow. We own more of this company than any other single entity. We’re not selling. We’re not leaving. We will win. +That’s right, DFV is the new face of GameStop’s NFT marketplace. The deal has been in place since he went dark last year. They’ve asked him to go dark until launch, which is now imminent. It’s no *cohencidence* that the video of him at the theater surfaced last week. GME is about to drop the bomb and get our titties jacked to the max. This week is going to be big. + + +I help my grandfather with his finances now that my grandmother has passed. He has a payout of 35k (from life insurance)that I want to invest for him. He doesn’t need that money immediately but it may be needed in the future if his care needs increase. I don’t want the money to just sit there in a savings account but he can’t afford to take any risks with it either. It needs to be accessible too. Thoughts? +Real estate in virtual worlds — sometimes called the metaverse — is going for millions of dollars in some cases. + +The most expensive spots are near where lots of users congregate — for instance, someone recently paid $450,000 to be Snoop Dogg’s neighbor in a virtual world called the Sandbox. + +https://www.cnbc.com/2022/01/12/investors-are-paying-millions-for-virtual-land-in-the-metaverse.html?__source=iosappshare%7Ccom.apple.UIKit.activity.CopyToPasteboard + +What do you make of this? Legit or new level of crazy? +Hoping to FIRE at some point and plan on investing in some real within the next 5 years once I get enough capital (possibly a duplex). + +Just curious, those who live off your rental properties, what is your portfolio like? How many buildings do you have? Units? And is the cost of living in your area high. + +I appreciate any insight. Thanks! +Okay so my ex girlfriend lives on the other side of the country, I can’t see her, I can’t go to her, she’s wants nothing to do with me, how can I get my name of her car loan? She’s not paying it, I have no idea what the account numbers are or who the loan is thru and she won’t talk to me. My credit score is plummeting and I can’t even pay it my self, is there anything I can do to get my name off of it? Everything I have seen online is telling me that the other person has to be involved but that’s not gonna happen. Can I sue her? Is there anything I can do? +https://finance.yahoo.com/news/bill-ackman-on-wealth-inequality-and-defense-of-capitalism-213958621.html + +Specifically, the 54-year-old activist investor suggested that the government create investment accounts for every baby born in the U.S. that would invest in no-fee stock index funds, and withdrawal from those funds wouldn't be allowed until retirement. + +According to Ackman, assuming a rate of 8% per year, investing $6,750 in an account at birth would yield assets of more than $1 million by age 65. It would cost the government $26 billion per year, based on the average number of children born in the U.S. + +In addition, the billionaire suggested that companies should be required to put a fixed percentage of a worker’s salary or wages in a tax-free investment account that couldn't be touched until retirement. In that way, it would mimic Australia’s successful superannuation system. + +Thanks for the awards. +^(Sit the fuck down before you read this.) + +MY **THEORY**: u/Leenixus was almost certainly correct in [Thinking that "They" got margin called today](https://www.reddit.com/r/Superstonk/comments/n5trot/i_dont_to_tout_the_horn_without_knowing_anything/). + +In After Hours 1M shares seemed to "disappear" from EOD Volume before "reappearing" in the EOD Volume later before AH close. I BELIEVE this is because Citadel got margin called @ 1127 today and therefor those 1M shares traded had to be re-routed or re-done or what have you. I can't be certain. I don't know if that's a thing or not but the concept makes a LOT of sense. + +&#x200B; + +&#x200B; + +>Part 1: Introduction to the **theory** +> +>Part 2: Running the numbers +> +>Part 3: Pictures of the EOD Volume bouncing between 2.7M to 1.7M back to 2.7M during AH +> +>Part 4: Extra stuffing for your tinfoil hat & confirmation bias +> +>Part 5: Putting it all together + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +&#x200B; + +# PART 1: INTRODUCTION TO THE THEORY + +In case you live under a rock and don't spend every minute during trading hours staring at the $GME ticker & refreshing r/superstonk, today there was a 5 minute market wide trading halt from 1127-1132. There was also a case of 1M shares disappearing off of EOD (end of day) volume in AH (afterhours). + +&#x200B; + +[5 Minute Trading Halt - You can verify this yourself easily. credit to u\/harbinger2nd for image](https://preview.redd.it/xuya0jf61fx61.png?width=245&format=png&auto=webp&s=f42df2371301145ad94637af91eea42e8fdc0875) + +&#x200B; + +[credit to u\/lnning for image](https://preview.redd.it/q0trxcpn1fx61.png?width=743&format=png&auto=webp&s=732ed6d6b2658bf83b8fbc45e096edeeef4919b4) + +[\*enhance\*](https://preview.redd.it/yccde1z42fx61.png?width=366&format=png&auto=webp&s=2b51580f50bb4354dc34d46a0b2b270539d821a9) + +&#x200B; + +I was reading [This Post by Leenixus](https://www.reddit.com/r/Superstonk/comments/n5trot/i_dont_to_tout_the_horn_without_knowing_anything/) about how he has a theory Citadel got margin called today. Well, ***I think you're right*** u/Leenixus. Let me explain why. + +&#x200B; + +[In the comments under his post u\/Wapata bought up an idea. So I ran some numbers](https://preview.redd.it/v2pzge6r2fx61.png?width=685&format=png&auto=webp&s=06db1dea504aefa97adfadcc4ec8c523125619cf) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +&#x200B; + +# PART 2: RUNNING THE NUMBERS + +I looked at what the volume was when the market got halted at 1127. + +&#x200B; + +[From 0930-1000 there was 441.53k volume](https://preview.redd.it/o87tsd373fx61.png?width=1112&format=png&auto=webp&s=b770e1ce2d26bacc3ef68cc5d15eb93ae8210363) + +[From 1000-1030 there was 254.76k volume](https://preview.redd.it/aa7brgbb3fx61.png?width=1109&format=png&auto=webp&s=2ec92131732951116d9004494795c48d0d91b3c6) + +[From 1030-1100 there was 169.95k volume](https://preview.redd.it/bg11uhxd3fx61.png?width=1118&format=png&auto=webp&s=b1aacfc647cb20802d9341787634a928395f8f4c) + +[& Finally from 1100-1130 there was 150.43k volume](https://preview.redd.it/22p63eyh3fx61.png?width=1121&format=png&auto=webp&s=32c0cbddec3a2d3b1d1dce589bfbd5ded1f6698d) + +Lets add this into a calculator + +[1M shares nearly on the fucking dot.](https://preview.redd.it/v7sukutm3fx61.png?width=770&format=png&auto=webp&s=51ce2fc0f015984981930d51a87dca8156ab7608) + +Compare this to the AH candle again: + +[It's BARELY nudging over that 1M line. That looks a lot like 1.016M shares to me.](https://preview.redd.it/oqyutaqq3fx61.png?width=366&format=png&auto=webp&s=48fbe574e09aef26c014a6ca07675dc878f18118) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +&#x200B; + +# PART 3: PICTURES OF THE EOD VOLUME BOUNCING FROM 2.7M TO 1.7M BACK TO 2.7M DURING AH + +&#x200B; + +Here's some pictures of the EOD volume not being at the "correct" 2.7M today during AH: + +[Webull](https://preview.redd.it/tsgl4u2q4fx61.png?width=1372&format=png&auto=webp&s=ce7f9d273c0fd8401987e45fb910721b837566cc) + +[Yahoo @ 1718 EDT](https://preview.redd.it/qcamc0vr4fx61.png?width=1150&format=png&auto=webp&s=989e85da4b3dcf2061a376f31e9b8b299a48077d) + +[Wealthsimple at 1.22M??? \*by the way, it's at 1.23M now, it has not \\"corrected\\" like Yahoo & others. ????????? I've reached out to them, however replies usually take \~2 days](https://preview.redd.it/7pfinaot4fx61.png?width=818&format=png&auto=webp&s=03f73f15c474617f3842c5591c48c8b7180e0235) + +[Yahoo correcting EOD Volume by end of AH back to 2.7M, many other sources did same](https://preview.redd.it/s78ex9j95fx61.png?width=902&format=png&auto=webp&s=37cce4ecf932e075780eebd4decf79eb35d430a0) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +&#x200B; + +# PART 4: EXTRA STUFFING FOR YOUR TINFOIL HAT & CONFIRMATION BIAS + +At the end of the day we Todd Barker, the head of Citadel's Surveyor Capital step down. + +[Sorry to hear that, Todd.](https://preview.redd.it/c97h74xq7fx61.png?width=815&format=png&auto=webp&s=fab9d2fd4ebfd25b7d7c5392d25dda8ca4bdae19) + +In [This Post by Leenixus](https://www.reddit.com/r/Superstonk/comments/n5trot/i_dont_to_tout_the_horn_without_knowing_anything/) they mentioned how todays price to get margin called is estimated\* to have been $161.19 + +[That's above the estimated $161.19 margin call trigger. Coincidence?](https://preview.redd.it/2d4bc9td8fx61.png?width=992&format=png&auto=webp&s=4237f73919575b866a4958171794f79a8585f7f2) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +&#x200B; + +&#x200B; + +# PART 5: WRAPPING IT ALL TOGETHER + TLDR + +1. Citadel Securities is one of the **main market makers**. Market makers route orders to the market. +2. When NYSE was halted for 5 minutes @ 1127, the total trade volume for $GME at the time was \~1M shares +3. It's estimated that $161.19 was the margin call trigger price today for the major short sellers of GME (This includes Citadel, theorized to be the biggest) The price was $162.32 when the market was halted +4. **In After Hours 1M shares seemed to "disappear" from EOD Volume before "reappearing" in the EOD Volume later before AH close. I BELIEVE this is because Citadel got margin called @ 1127 today and therefor those 1M shares traded had to be re-routed or re-done or what have you. I can't be certain. I don't know if that's a thing or not but the concept makes a LOT of sense.** + +&#x200B; + +It took over a month for us learn Archegos got Margin Called. So there ***may*** not be confirmation/proof saying otherwise for this theory for awhile. Regardless, the numbers add up and the rabbit hole leads to kens back yard. + +&#x200B; + +EDIT1: + +I should mention that just because a margin call happens, does NOT mean an institution needs to cover all their positions etc. Institutions CAN satisfy a margin call by having enough capital in your "margin account" (unsure if this would be called the same thing for hedge funds). If you can't satisfy it that way, one of two things can happen + +1. You buy securities to cover your short positions or +2. Get liquidated + +&#x200B; + +EDIT2: + +Check out [An ape explained the missing 1million volume. I think I'm gonna throw up.](https://www.reddit.com/r/Superstonk/comments/n5v5m0/an_ape_explained_the_missing_1million_volume_i/) + +&#x200B; + +EDIT3: + +A very good point brought up by u/Jvic111 & my counter to it + +&#x200B; + +[Always encourage both sides of an argument! Thank you Jvic!](https://preview.redd.it/753iwdstgfx61.png?width=715&format=png&auto=webp&s=6bb4e7f23101a63cfe68b9b0c8a5f52719743927) + +EDIT 3.1: + +[This may be another possible solution to the argument above alternative to my guess](https://www.reddit.com/r/Superstonk/comments/n5vqnr/omfg_it_looks_like_all_of_shitadels_volume_was/) + +&#x200B; + +EDIT 4: + +More Counter DD (thanks to u/diskodik for pointing this out): + +[https://www.reddit.com/r/GME/comments/n5pj2q/negative\_1\_million\_on\_volume\_afterhours\_wtf/?utm\_medium=android\_app&utm\_source=share](https://www.reddit.com/r/GME/comments/n5pj2q/negative_1_million_on_volume_afterhours_wtf/?utm_medium=android_app&utm_source=share) + +My best guess against it: They started to run into problems because Citadel was in the process of getting margin called and it started to fuck with their processing due to the fact Citadel is one of the largest Market Makers for the NYSE. This would undoubtedly lead to difficulties processing orders/bids to the market [https://www.reddit.com/r/Superstonk/comments/n5v5m0/an\_ape\_explained\_the\_missing\_1million\_volume\_i/](https://www.reddit.com/r/Superstonk/comments/n5v5m0/an_ape_explained_the_missing_1million_volume_i/) + +Or This: [https://www.reddit.com/r/Superstonk/comments/n5yrd7/holy\_shit\_this\_could\_be\_a\_missing\_link\_between/?utm\_medium=android\_app&utm\_source=share](https://www.reddit.com/r/Superstonk/comments/n5yrd7/holy_shit_this_could_be_a_missing_link_between/?utm_medium=android_app&utm_source=share) (Courtesy of u/diskodik again!) + +&#x200B; + +EDIT 5: + +Well, I guess I'm not sleeping tonight: + +&#x200B; + +[are you](https://preview.redd.it/fs2cg74p4gx61.png?width=729&format=png&auto=webp&s=7937661f6dd8080317d9253ee0469d1e5f49e0b2) + +[fucking kidding me](https://preview.redd.it/mvuf1bvp4gx61.png?width=1648&format=png&auto=webp&s=2a5210edcc9a1a7a82fea313e56ff7f544312db9) + +My calculation: 1,016,670 + +Negative Candle: 1,015,953 + +&#x200B; + +&#x200B; + +^(None of this is financial advice. I'm an idiot. Pure speculation for entertainment purposes only.) + +&#x200B; + +&#x200B; + +tick tock ken +27 male. I’m a software engineer in a LCOL major city. The following is for reference but not the point of this post. + + Net worth: ~$250,000 + + Salary: $93k + Bonus: $2.5-5k + Company match: $7.5k + Side hustles: $15k-30k + + Cash: $35k + 401k (mostly Roth): $66k + Roth IRA: $59k + Brokerage: $53k + Crypto: $31k + HSA: $10.5k + + Debt: $0 + + Monthly expenses (bills/necessities): $1k-1.5k + Monthly expenses (fun): $1.5k-2k + +I can look at my position and understand I am extremely fortunate to be where I am and I know I am doing fairly well. I can say that but I don’t think I truly believe and or can convince my brain of this. My salary is high for my age but I don’t think it is high for my field. I regularly see those around me and peers online routinely making 3-5x what I do. + +I really do not enjoy working for others. My goal is to have enough money to retire into my own personal endeavors. My favorite hobby is making money, my least favorite thing is working for others. My FIRE number is $2.5m and it feels light years away. I just recently hit 1/10th my goal which should feel rewarding but instead put into perspective how far I really have to go. + +An old friend of mine recently sold his company for $50,000,000 as it was acquired by a very large company that recently IPO’d. It hurts to see someone a few years younger than me doing only what he wants every day lavishly for the rest of his life. This isn’t even my biggest life steal currently but just an example. I am bothered just as much by seeing others in my field making multiple times more than me. I think to myself damn I have to work for the next 5 years to make what they will be earning this year. + +Fellow FI friends, how do you personally deal with this? +**SUBX** is a token that was developed with an objective to empower startups and SMEs around the world through an ecosystem of web and mobile apps to help them grow. + +This project is now 1 month old, and anyone interested in how it works can view their whitepaper on their website for more detailed information. + +https://link.startupboost.app/cmswebsite + +SUBX is also **registered as a company in Singapore**, adding to the list of credentials that they already have. + +The team have locked up their wallet and LP. This is a long-term project with great application, making it really high in utility, definitely worth taking a look at. + +They are fully doxed and have already conducted numerous sessions of live-streamed AMA and they’re looking to do more in the upcoming days. This is their YouTube Channel. + +https://www.youtube.com/channel/UCMspwMcF372aNyblpB1VKlQ + + + +**Products:** The team have so far pushed out 2 real-life working products. + +Their **Community App (Beta)** is designed for discussions related to startup, entrepreneurship and investment topics. With their web3.0 integration, users can now access their Community App as long as their MetaMask/Trust Wallet has a minimum of 1 SUBX. + +[https://community.startupboost.app/](https://community.startupboost.app/) + +Another product is their **Swap App,** where people can trade SUBX instead of using the PancakeSwap. + +[https://swap.startupboost.app/](https://swap.startupboost.app/) + +&#x200B; + +Their **tokenomics** consists of 5% distributed to all holders as a reward (passive income), 4% added to liquidity pool and 3% to their Venture Capital Fund to support high-impact startups. + +**What Do Token Holders Get?** Holders of these tokens can expect to have access to online educational resources and options to buy heavily discounted apps. Holders will also get voting rights to decide which high-impact startups to fund. Not to forget, the 5% transaction pool reward that whenever someone transacts, all token holders will receive a part of this 5% as a reward for holding it; the longer you hold, the more token you receive. + +**With already 7.7K+ members, SUBX is a real hidden GEM, but as always, DYOR.** + +&#x200B; + +SUBX Telegram Chat: [https://t.me/subxofficial](https://t.me/subxofficial) + +SUBX Announcement Channel: [https://t.me/subxnewsfeed](https://t.me/subxnewsfeed) + +Contract: 0x5232152c8207653aeda5baa0ff7fb1046c23c753 + +Buy on PancakeSwap: [https://exchange.pancakeswap.finance/#/swap?inputCurrency=0x5232152c8207653AEda5baa0ff7fb1046c23C753](https://exchange.pancakeswap.finance/#/swap?inputCurrency=0x5232152c8207653AEda5baa0ff7fb1046c23C753) +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Find the latest Altcoin Discussion thread in [this search listing](https://www.reddit.com/r/ethtrader/search?q=author%3Aautomoderator+title%3Aaltcoin&include_over_18=on&sort=new&t=all). + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Title says it all. + +This is another tool they'll use. They even have Cramer airtime to spew his nonsense. They throw in a line about how some guy cant remember the last time he had a job. They'll use this movie to make we the investors out to look like we bit off more than we can chew. And for optics sake they'll probably cover some disadvantages that retail has... But NOTHING in the trailer covers what is actually going on. Thus, it is evident that this is just another tool for the powers that be to warp our image and paint themselves as innocent. + +No mention of naked shorting. +No mention of DRS. +No mention of people lying under oath. +No mention of Ryan Cohen and his power team transforming the company. + +They want to keep playing this fucking game? + +Lol okay sure. Cause we're still winning, we're not fucking leaving, and we don't need to release some bullshit movie to help our cause. + +Edit: This is just my advice from a personal standpoint. Do as you wish, I'm not actually trying to tell anyone they can't. + +The point of the thread was - since this is likely lip service for MSM and to control the narrative - that by not watching it, it may help to let it fall flat, and by watching it just supports the shit enterprises that boost false narratives. I know you folks won't be swayed by this garbage. + +Edit 2: I'm not suicidal folks. But thanks for your concern. +Real median wages have risen a good amount since the 79’s and early 80’s. As of 2019, we were at an all time high. However, other information states wages have been stagnant since the 1970’s. How can both be true? Or is one true and the other incorrect/misleading? + +https://www.pewresearch.org/fact-tank/2018/08/07/for-most-us-workers-real-wages-have-barely-budged-for-decades/?amp=1 + + + + +https://fred.stlouisfed.org/series/MEPAINUSA672N + + +Older data (2013): https://www.epi.org/publication/charting-wage-stagnation/ +Is it realistic to be able to make a living with an 600k account? + +If i assume a monthly options return of 1,25% (15% a year) and a tax of 26% (German tax law) it should net me 5,550 a month, 66,600 year after taxes. Lets assume i keep doing a chill part time job just to cover health care and have a little income of 1k(net) a month/ 12k a year. That would bump me to 78,600$ after taxes. + +Is the 1,25% monthly return realistic with a mix of SPY,QQQ and single stocks option selling approach? + +\#edit: I plan to live off no more than 3k a month, so i could save up 3,5k of the 6,5k expected overall income. Since im basically saving half, this means 6 months of hitting my 1,25% goal should give me enough income to make it 12 months. The target of 1,25% only has to be hit 6 out of 12 months. That also assumes i don't even touch margin to help me out + +\#edit: what i mean by 600k account is, 600k cash available right now, no margin used. + +edit: i already have put aside a security blanket of 30k that is not included in the 600k account, which would last me a year even without any income at all. +There are some commodities without much inventions and where competition don't really increase development. Also their isn't true competition as the startup cost is too high and you can't compete with the established actors by offering better product or more efficient production. + +Wouldn't it be better if things like oil and utilities where state owned companies? China for example have multiple state owned oil companies to have some competition. + +- SINOPEC +- PetroChina +- China National Petroleum Corporation +- China National Offshore Oil Corporation +&#x200B; + +What's up fellas at Theta Gang. I made called [FD Ranker](https://www.swaggystocks.com/dashboard/stocklabs/fd-ranker) that logs the average IV of popular tickers. The tool is inclusive of almost 1,000 tickers now. + +**What is this tool good for** + +I often use the theta gang wheel strategy by selling cash secured puts close to at-the-money and I like to see where I can get some bang for my buck. A quick scan of the list will tell me what IV is looking like for certain stocks and when earnings is coming up and whether or not I want to do a weekly theta YOLO for earnings. You can sort by IV, stock price, or Earnings and filter by ticker. + +Here's some of the top tickers from this weekend. Instead of making a full list of tickers ranked by IV, I'll share some of the more common tickers mentioned. + +\***Smaller Accounts:** I made [this list earlier in the week](https://www.reddit.com/r/thetagang/comments/ks3tqo/iv_report_high_iv_tickers_with_share_price_under/) that highlights cheaper stocks. + +# High IV Tickers List + +\*Some of the market cap data is off, so always double check before entering any plays! + +&#x200B; + +|Ticker|Market Cap|Stock Price|IV (%)| +|:-|:-|:-|:-| +|MARA - Marathon Patent Group Inc|1.68B|$25.74|245%| +|RIOT - Riot Blockchain Inc|1.8B|$25.87|220%| +|AMC - AMC Entertainment Holdings Inc - Class A|352M|$2.15|166%| +|QS - QuantumScape Corp - Class A|11.8B|$56.65|166%| +|FUBO - fuboTV Inc|1.85B|$26.95|165%| +|DGLY - Digital Ally Inc.|70.8M|$2.65|142%| +|BLNK - Blink Charging Co|1.58B|$43.75|142%| +|LAZR - Luminar Technologies Inc - Class A|7.21B|$32.56|138%| +|TLRY - Tilray Inc - Class 2|1.51B|$11.28|128%| +|SBE - Switchback Energy Acquisition Corp - Class A|1.33B|$41.94|125%| +|ACB - Aurora Cannabis Inc|1.42B|$9.96|124%| +|ARCT - Arcturus Therapeutics Holdings Inc|1.71B|$70.06|124%| +|PLUG - Plug Power Inc|22.3B|$53.61|124%| +|GSX - Gsx Techedu Inc - ADR|0|$48.14|122%| +|SRNE - Sorrento Therapeutics Inc|1.96B|$7.43|119%| +|GME - Gamestop Corporation - Class A|1.23B|$17.68|118%| +|LMND - Lemonade Inc|9.1B|$158.40|114%| +|JMIA - Jumia Technologies Ag - ADR|0|$37.33|113%| +|NIO - NIO Inc - ADR|60.7B|$58.89|112%| +|HYLN - Hyliion Holdings Corporation - Class A|2.66B|$17.30|110%| +|APHA - Aphria Inc|2.56B|$8.55|106%| +|WKHS - Workhorse Group Inc|3.08B|$25.77|105%| +|CODX - Co-Diagnostics Inc|312M|$11.07|105%| +|APXT - Apex Technology Acquisition Corp - Class A|523M|$14.49|101%| +|CRSR - Corsair Gaming Inc|3.52B|$38.24|100%| +|OSTK - Overstock.com Inc|2.29B|$53.69|99%| +|RIG - Transocean Ltd|1.71B|$2.75|99%| +|NKLA - Nikola Corporation|6.81B|$17.71|98%| +|LL - Lumber Liquidators Holdings Inc|916M|$31.70|96%| +|APPS - Digital Turbine Inc|4.62B|$51.65|94%| +|XPEV - XPeng Inc - ADR|0|$45.52|94%| +|PLTR - Palantir Technologies Inc - Class A|37.1B|$25.07|91%| +|AI - C3.ai Inc - Class A|0|$142.54|89%| +|SPCE - Virgin Galactic Holdings Inc - Class A|5.91B|$25.05|88%| +|GRWG - GrowGeneration Corp|1.67B|$45.34|88%| +|TSLA - Tesla Inc|835B|$875.71|88%| +|COTY - Coty Inc - Class A|5.22B|$6.80|87%| +|CGC - Canopy Growth Corporation|11.2B|$30.21|87%| +|CRON - Cronos Group Inc|3.22B|$9.03|86%| +|PSTH - Pershing Square Tontine Holdings Ltd - Class A|5.86B|$29.95|85%| +|RKT - Rocket Companies Inc Class A|2.3B|$19.98|85%| +|CRSP - CRISPR Therapeutics AG|13.8B|$196.85|84%| +|MRNA - Moderna Inc|44.6B|$113.05|83%| +|PINS - Pinterest Inc - Class A|44.4B|$71.67|82%| +|X - United States Steel Corp.|4.91B|$22.26|80%| +|CNK - Cinemark Holdings Inc|2.06B|$17.52|80%| +|HOME - At Home Group Inc|1.24B|$19.24|77%| +|PENN - Penn National Gaming, Inc.|14.6B|$93.53|77%| +|SNOW - Snowflake Inc - Class A|15.2B|$298.83|77%| +|FVRR - Fiverr International Ltd|7.41B|$229.72|76%| +|ENPH - Enphase Energy Inc|26.2B|$206.16|75%| +|DASH - DoorDash Inc - Class A|0|$155.80|75%| +|FSLY - Fastly Inc - Class A|9.03B|$88.10|74%| +|NET - Cloudflare Inc - Class A|24.3B|$78.71|73%| +|FEYE - FireEye Inc|5.17B|$22.71|72%| +|CCL - Carnival Corp. (Paired Stock)|22.6B|$20.41|72%| +|PTON - Peloton Interactive Inc - Class A|40.6B|$158.73|72%| +|SNAP - Snap Inc - Class A|65.1B|$52.66|71%| +|GLUU - Glu Mobile Inc|1.55B|$8.98|71%| +|SEDG - Solaredge Technologies Inc|18.2B|$353.94|70%| +|U - Unity Software Inc|39.6B|$146.85|70%| +|UPWK - Upwork Inc|4.64B|$37.88|69%| +|FROG - JFrog Ltd|5.71B|$62.32|69%| +|ABNB - Airbnb Inc - Class A|90.2B|$148.03|69%| +|ICLN - BlackRock Institutional Trust Company N.A. - BTC iShares Global Clean|5.61B|$33.06|69%| +|PRPL - Purple Innovation Inc - Class A|2.09B|$34.27|68%| +|DDOG - Datadog Inc - Class A|20.8B|$99.91|68%| +|TAN - Invesco Capital Management LLC - Invesco Solar ETF|4.23B|$118.38|67%| +|NCLH - Norwegian Cruise Line Holdings Ltd|5.25B|$24.31|67%| +|M - Macy\`s Inc|3.81B|$12.33|66%| +|SAVE - Spirit Airlines Inc|2.39B|$24.53|66%| +|BBBY - Bed, Bath & Beyond Inc.|2.39B|$18.91|65%| +|UAA - Under Armour Inc - Class A|7.43B|$17.80|65%| +|DKNG - DraftKings Inc - Class A|20.4B|$51.97|65%| +|CVNA - Carvana Co. - Class A|13B|$277.81|64%| +|TEVA - Teva- Pharmaceutical Industries Ltd. - ADR|11.8B|$10.79|64%| +|W - Wayfair Inc - Class A|18.8B|$257.75|64%| +|OXY - Occidental Petroleum Corp.|18.7B|$20.14|64%| +|HUYA - HUYA Inc - ADR|364M|$21.02|63%| +|ROKU - Roku Inc - Class A|43.5B|$400.20|63%| +|TWTR - Twitter Inc|40.9B|$51.33|63%| +|SFIX - Stitch Fix Inc - Class A|3.49B|$55.43|63%| +|IQ - iQIYI Inc - ADR|14.3B|$19.45|62%| +|AAL - American Airlines Group Inc|9.14B|$15.21|62%| +|CREE - Cree, Inc.|12.6B|$112.90|62%| +|RCL - Royal Caribbean Group|16.4B|$72.88|61%| +|BIDU - Baidu Inc - ADR|83.7B|$238.96|61%| +|CHGG - Chegg Inc|12.4B|$96.03|61%| +|EAT - Brinker International, Inc.|2.77B|$60.79|61%| +|CHWY - Chewy Inc - Class A|38.6B|$96.69|60%| +|ZM - Zoom Video Communications Inc - Class A|100B|$348.86|59%| +|TTD - Trade Desk Inc - Class A|33.4B|$797.05|59%| +|VALE - Vale S.A. - ADR|100B|$18.89|58%| +|TWLO - Twilio Inc Class A|50.5B|$359.08|58%| +|CZR - Caesars Entertainment Inc|13.3B|$78.85|58%| +|UAL - United Airlines Holdings Inc|12.7B|$43.39|58%| +|UBER - Uber Technologies Inc|94B|$53.42|58%| +|ARKG - ARK Investment Management LLC - ARK Genomic Revolution ETF|8.78B|$106.23|58%| +|LYFT - Lyft Inc Cls A|14.7B|$47.62|57%| +|SPOT - Spotify Technology S.A.|63.9B|$351.52|57%| +|YETI - YETI Holdings Inc|6.4B|$73.43|56%| +|CLDR - Cloudera Inc|4.53B|$14.54|56%| +|AMD - Advanced Micro Devices Inc.|114B|$94.42|56%| +|BIG - Big Lots Inc|1.65B|$44.78|56%| +|SHOP - Shopify Inc - Class A|143B|$1190.66|55%| +|MGM - MGM Resorts International|15.5B|$31.27|55%| +|ETSY - Etsy Inc|22.2B|$175.00|55%| +|SE - Sea Ltd - ADR|91.8B|$209.49|55%| +|CRWD - Crowdstrike Holdings Inc - Class A|42.1B|$223.42|55%| +|BYND - Beyond Meat Inc|7.4B|$117.90|54%| +|Z - Zillow Group Inc - Class C|33B|$144.34|54%| +|EXPE - Expedia Group Inc|19.6B|$143.71|54%| +|LB - L Brands Inc|13B|$46.63|53%| +|DISH - Dish Network Corp - Class A|17.5B|$33.12|53%| +|DB - Deutsche Bank AG|24.1B|$11.64|53%| +|HAL - Halliburton Co.|17.8B|$20.16|53%| +|WDC - Western Digital Corp.|15.8B|$51.86|52%| +|DBX - Dropbox Inc - Class A|7.11B|$22.48|52%| +|TDOC - Teladoc Health Inc|33B|$227.25|52%| +|SQ - Square Inc - Class A|103B|$241.22|52%| +|WYNN - Wynn Resorts Ltd.|11.8B|$108.74|51%| +|ZS - Zscaler Inc|26.5B|$196.54|51%| +|ARKK - ARK Investment Management LLC - ARK Innovation ETF|20.5B|$142.65|50%| +|GPS - Gap, Inc.|8.01B|$21.46|50%| + +&#x200B; +I met a new client recently. He’s American and has just bought a luxury home in a ski resort in Europe to diversify outside of the US. + +Due to the way in which he has purchased this asset and based on the assets he’s told me he owns (not bragging just talking about his other homes, global offices and investments) I believe his net worth to be $100m+ + +The guy is in his late 70’s, just recovered from an illness that nearly killed him and isn’t in great health. + +What shocked me the most, was his motivation to work. His wife asked if he could take three weeks vacation this year to do a tour of Europe. It was as if she had asked him to kill their first born. He said he has never had a vacation that long and 5 days was the most he could do. + +I don’t know if I’m impressed or saddened by it. He seems very happy and has a great sense of humor, but surely at this point in life you want to spend with family and friends and experiencing new things. + +Are these people common? What are your thoughts on this type of living? + +EDIT: This post really blew up, I just want to clarify that I don't mean this in a judging way. In my mind I was analysing the age difference and what fundamentals that caused. + +For me, I'm working as hard as I can so that I can retire as soon as possible. But I think I'd be a hell of a lot more successful if I lived for work in the way this guy does. I've just never met anyone quite like that before - I know some other very wealthy 70 year olds who are still working most days, but they also ski and cycle and are generally in very good health. +This is my first year at my new company, and I learned a month ago that all the ladies go somewhere special for dinner during December. I RSVP’d a couple weeks ago. + +I was talking to a woman at work about it, and it came up that everyone splits the check evenly at the end of the night. Last year it came to about $100... per person. + +For my income and the expenses I’m expecting next month, that’s a lot of money to shell out - and people are already commenting that this year’s choice is more expensive. + +I feel stuck. On the one hand, I know I’ll have a lot of expenses next month with Christmas, putting aside money for a friend’s out of state wedding in February, and the beginning of working with an ADHD coach. We’re having another Christmas party in two weeks that I do plan to attend (no bill-splitting). And this year people expect that it’ll be more expensive. + +On the other hand, it’s my first year at the company and want to make a good impression. I also don’t want to look stingy by voicing why I don’t wish to attend. Plus it seems like a good bonding experience to get to know my coworkers better. + +I lean towards finding an excuse to bail, but wanted to weigh in other opinions. What would you guys do? + +UPDATE: I decided to cancel my RSVP. Even besides the money factor, we are having a company-wife Christmas party that is free to attend. I prefer to go to that so I can see all my coworkers without breaking the bank. + +As most of you suggested, I sent an email to my boss just plainly as “I won’t be coming to the dinner, but I’ll see everyone at the Christmas party.” She did ask why, so I gave her the honest answer. She said she understood, and kind of left it at that. I felt better about being honest instead of weaving a story. And if it bites my ass later, so be it. + +I was wary of coming off as rude or making things awkward in a fairly small office. But you guys were right, that doesn’t matter I’m the long run. I feel better doing what’s right for me. + +Thank you everyone for your advice! +I’ve been invested in VTI mainly and a few ETFs. I am wondering how you guys are planning your strategy since the market has been going down day after day. Do you buy more at each dip? Or stick to your DCA plan. +Most prop firms ask you to pay some money upfront ...but are there any (that I don't know) that don't ask any money upfront to join? + +For example smb capital is asking about $1300 for 3 months for their training. + +Basically I am looking for a prop firm that don't charge any fees for training before they will hire as their profit sharing trader. +Title says it all. + +Ive seen people say things like the corporate income tax / the capital gains tax / the estate tax etc. etc. is double taxation (which is when the same money is taxed twice) + +why is this often seen as a bad thing / a downside when people discuss tax policy? + +Thank in advance! Thoroughly appreciate it as I am not well informed on economics :) +I caught myself with an old habit the other day, and it made my wife and I laugh. So what habits, lifestyle choices, or purchases are you making pre or post fire than are still well below your income level. + +My big 3 are... + +1. I continue to drive lower end vehicles, I just need basic transportation and something I am willing to throw a bag of mch in. My wife has the nice car. +2. My favorite lunch is still at the Costco food court. The hot dog combo or pizza and a drink are still something I get regularly. I am not a foodie and see food only as fuel. +3. The weirdest one. When we take the kids to the museum, amusement park, or pool I have these strange notions that we need to be the first people there and the last to leave. It comes from my childhood where we would go to the pool 1 time per year, or we would visit the amusement park as our summer vacation. It is counter intuitive to me that we can leave after an hour or 2 and just come back next week. + +Old habits die hard I guess. Thought thisbwould be a lighter topic for today. +My union has been in contact disputes for over 2 years now. I have been stuck at $14.45 an hour but with the good health insurance I was ok with it. Today we ratified a contract that puts my pay at $21.88 with good size raises the next two years until negotiation happen again. The over 300 workers where I work voted 95% favor to strike if our demands where not met. Only a couple weeks later the company gave in to all our demands. This is such a win not only for me but I feel it honors my grandfather's memory as he was a proud union member for 41 years. +Tiffany Macklem recently stated that [persistent inflation, not recession, is the greater risk in 2023.](https://ca.finance.yahoo.com/news/persistent-inflation-not-recession-the-greater-risk-as-bo-c-looks-to-2023-172048367.html) + +Is the BoC simply fear mongering at this point to stimy any potential economic/stock market exuberance? Because, since August, MoM inflation data has been roughly 0.1%, yet Tiffany and the news media continuously force feed the YoY inflation data of 6.8%. We can't change the past; however, if we continue on the path of these negligent MoM inflation readings until April 2023, we'll be around 0% inflation YoY (April 2022 - April 2023). + +So, again, my question is: why is Tiffany and a chorus of B6 "economists" constantly fear mongering when the data clearly shows inflation has all but come to a dead stop? Additionally, if mortgage rates/rent didn't increase as a result of the rate hikes, I believe we'd be in deflationary territory, something Tiffany has yet to comment on in any meaningful way. +Looking to hear thoughts on Microsoft. I just feel like there’s too many people buying it at these numbers and acting like it’s such a great deal. Who knows maybe I am wrong? +A first flat not for 100% living there but for own convenience, immobilizing or securing available money and use as basis point. I have the impression we are on the brink on something huge, with a massive drop in value of anything speculative, and a new era where mobility will be key. European RE is overpriced, rentability up to inexistant and risk is high to be stuck in property which loses money. What do you think? If so where in Europe would you still be confident to buy? +I may well (and likely have) missed something obvious here but bear with me. + +Ignoring the fact you don't own the shares directly and the CCP will gut your portfolio if it deems it beneficial, what is the endgame of Chinese stocks? + +More so referring to stocks like Alibaba, tencent or baidu. If they pay no dividends, value is returned via share buybacks. + +If I were to buy shares in a Nasdaq listed stock, say, and they bought back until I now have a large portion of the business, that then gives me leverage in voting/encouraging a dividend/liquidating assets etc. + +But Chinese companies can't be owned by foreigners. I can't forsee a future where a foreign shareholder is ever allowed to pressure a Chinese company in to anything. Especially not in to something that enriches the shareholder at the expense of the company + +So what is the actual point? +So the title may seem weird but I’m currently employed and I have a lot of free time to sit around on my laptop. Would there be anyway to work at work and make double income? +History **is** going to remember when Apes held through mini squeezes between $300-$25k and did not sell at these "Astronomical levels"... + +History **is** going to remember when a retail company became the most valuable company in the world and Apes still did not sell..($35k Stock Price Values GME Slightly above Apples all time high on a market cap basis..) + +History **is** going to remember when Apes continued to hold past $35k..into the hundreds of thousands against all "Financial Expert Advice" ("Cramer".."MSNBC".."Marketwatch"..) + +History **is** going to remember when Apes continued to hold past the hundreds of thousands and into the millions just to expose the flawed system that we are currently operating in.. + +History **is** going to remember when Apes are part of the new 1% When they TRICKLED down their GME position in the Millions, and thats when history will say, "Dam, they deserved it" + +lets cement ourselves boys and gals. This is our chance to be part of something insanely historic. +I can't imagine being one of the traders with weekly expiring calls that rightfully had a winning lottery ticket that some geriatric fucks on Wall Street, in the Federal Reserve, and in the federal government took away because it would be inconvenient to them +https://www.cnbc.com/2018/07/18/most-millennials-regret-buying-home.html + +* Disclaimer: small sample size + +Article hits some core tenets of personal finance when buying a house. Primarily: + +1) Do not tap retirement accounts to buy a house + +2) Make sure you account for all costs of home ownership, not just the up front ones + +3) And this can be pretty hard, but understand what kind of house will work for you now, and in the future. Sometimes this can only come through going through the process or getting some really good advice from others. + +Edit: [link to source of study](https://www.reddit.com/r/personalfinance/comments/909i5y/almost_70_of_millennials_regret_buying_their_homes/e2paldn/) +This is going to make the fundamentals of Gamestop incredible. I would buy every, single, game, ever, on their platform if I could resell it when I was done. + +One thing that must be done is some of the cut of the used game sale MUST go to the developer. If GameStop hoards all the second hand sale, I will be immensely disappointed and that would be the old GameStop coming out. This is something our industry HATED GameStop for originally when hard copy sales were the primary form of sales. + +The digital games marketplace has been a boon to developers because they can't be resold. If you want to decimate the indie games industry, don't give them a cut of second hand sales. Yes. You can argue that good games will always do well, but indie games are extremely risky. I knew someone who spent 4 years on a game only for it to sell well enough for her to make poverty wages when amortized. It was a good game, too. Just niche. Now imagine if resales ate into her profits and GameStop got all of them. That would be essentially hiring slave labor for GameStop to turn a buck. It's not right. + +I'm sure RC has thought of this, but as a game dev who hated the old GameStop, I feel like I need to say this, just in case. + +Buy. Hodl. Vote. I'm soooo jacked on today's price movement. Looking forward to tomorrow, Apes! + +Edit: the game is called Calico. Go nuts. + +Edit2: I see a lot of used car anti-gme sentiment. Houses and cars are not the same as video games. Cars are an actual asset. Do you let the government amortize expenses on your video games? Stop comparing the two. + +Art is all going this way. I didn't see any of you complain when art NFTs came out and gave the art owners 10% of all resales of their art. Video games are art too. As is music. All this will go this way. Get on board or go full boomer. + +Edit3: We as devs are opting into this system. If we don't get a cut, we don't have to sell our game on there. Some devs may do it anyway, but I can't think of any good reason someone would sell their game on a platform that cannibalizes its own sales. +I try not to be a doom writter given how much we love growth however do you think we are experience a reversal to mean and fundamental/value investing will dominate the next biz. cycle and stock picking becomes more important with the overall market being less proped up (which hurts index funds?). + +I could be talking gibberish but just would like to discuss? +Sup fellow Apes, + +Let me first say I’m a basic AF ape. I’m only 8 months old for goodness sakes. + +I’m out here in the old RV, not able to sleep through the witching hour, melting crayons in my coffee and thinking about our favorite stonk. + +I’m not going to pretend I understand all the ins and outs of the potential ETH NFT dividend. + +But I think it’s outrageous that GME or any other company would have to execute extraordinary measures, 4D chess moves or stick bananas in tailpipes in order for their value to be accurately reflected in the market. What planet are we on (for now)?! + +Please do not mistake my sentiments as a lobby against GME making any such moves. Not what I’m advocating. + +I 100% trust in RC and the rock star team assembled at GameStop. And I imagine the NFT dividend and related technologies are integral to GME’s business plan and future. So again, do your thang RC & Co. + +I’m just frustrated that GameStop can’t just focus on being the best company ever; they’ve got to do that AND consider how to navigate this absurdly corrupt financial landscape and uphold their responsibilities to shareholders. As if the first isn’t difficult enough. + +And I can’t wait to one day sit back and say to myself, “those crazy MFs actually did it.” + +What I’d really like to see is the SEC and GG come out and TAKE ACTION to end all the fuckery. + +Like this: + +“Due to the ungodly amount of synthetic shares illegally created, vote count at xxx,xxx,xxx or more, blatant naked shorting, dark pool abuse and market maker privilege abuse all coupled with GameStop’s beautiful fundamentals including zero debt, movement to S&P 400, solid future and business plan, I am forcing all shorts to close by the end of 2021 to accurately reflect GameStop’s value in the market.” + +Ok so yeah maybe that would never happen. I clearly don’t understand market intricacies. + +But long story short, it should not be GameStop’s responsibility to ensure the company’s value is accurately reflected in the market. + +Power to the players +I know a lot of people here love their jobs and are in rosy situations there. Me, I despise mine. Some days are better than others but it seems the bad outweigh the good. Counting the days to fi so I can leave. I have 0 transferable skills at this payscale so it’s this job or nothing, and leaving this one would pay a lot worse for 2-3 years for even more work then I do right now (medicine). Anybody with me? +Hi, r/financialindependence. I'm the guy who quit his job in the US in June 2018 with naive dreams of frugally solo traveling the world by air, frugally solo traveling North America via van camper and spending more time with my friends and family in between. + +Background: I'm 40 now, ethnically Chinese guy in Texas. I started working in my early 20s after getting out of grad school. Salary varied anywhere from $70,000 to $130,000 during those 14 years or so. I live in a state with low cost of living and no state income tax, so I knew when I started that I could save a majority of my income if I stayed frugal and resisted lifestyle inflation. I live in the same starter home I bought around 2010 and drive an old Camry. I did a bunch of set-it-and-forget-it buying of large cap US index funds and Berkshire Hathaway and I did some individual buying of large cap bank and technology names before and after the Great Recession ten years ago. + +I spent my first year in Thailand, I accepted a non-paid, volunteer teaching position with a Ministry of Justice program there that teaches English and job skills to low-level convicts and former prostitutes. Click my previous thread below to get a breakdown of my expenses and experiences living in Bangkok, traveling weekends through SE Asia on dirt cheap airfare costing as little as $20 a flight sometimes, the cheap street food and so forth. +https://old.reddit.com/r/financialindependence/comments/bk1rco/1_year_update_38msingle_23_million_submitted_my/ + +My monthly expenses came out to about $850 with free housing. Would have been up to $1,350/month if I got a fancy flat and paid my own utilities, which is still crazy cheap by western standards. That includes heath insurance, eating out every meal, mass transit/taxi fare and spending money for shows and nicknacks. My net worth increased from $2.3 million from when I quit to $2.6 million when I came home from Thailand one year later, entirely from paper stock gains. + +Year 1 went almost 100 percent according to plan. The first six months of Year 2 did, too. I took separate trips from the US to the UK, Spain, Mexico, Florida, New York and Minnesota, all on heavily discounted fares. Because when you're retired, you can take all of the odd-hour fares discounted at over 60-70 percent off, right? I stayed with friends, got cheap Airbnbs or used my hotel points to cut costs. It was great. + +2020 comes and COVID-19 hits. My trip to Taiwan and Hong Kong was cancelled. A trip to Italy soon after, too. Then separate trips to Nevada and Boston, too. My net worth skyrocketed to over $3 million thanks to the post-China trade deal rally and the market assuming COVID-19 is contained. The abrupt, panicked selloff as the world went into lockdown knocked me back down to $2.1 million. Painful, but I rode the Great Recession all the way down and back ten years ago, so I had that experience to rely on to resist panic selling. I've since rode the April/May rally back up to $2.6 million. +https://i.imgur.com/Wg7c74L.jpg + +My current expenses ... I own the house outright so no rent is great. Health insurance is covered by my old employer (while still in SE Asia, I was offered a remote work job by my old boss, like set aside 60-90 minutes a day to answer email and have him bounce ideas off of me. I originally said no but was swayed when told I could get health insurance covered and my 401k matching when I moved back to the states, have done it since. A nice side hustle for a fraction of my old salary.) + +* $480 a month for property taxes and home insurance. That's right, per month. Property taxes are high here, the joys of home ownership. + +* $70 a month for auto insurance, two cars, two drivers. + +* $130 gasoline and auto maintenance. They're Toyotas, maintenance is really easy and the engines will run forever. + +* $220 water, internet and power. + +* $120 a month for four smartphones on a Sprint family plan. Yes, Sprint sucks but it's a great price that I've been grandfathered into for several years. I get a free Hulu sub and a free AAA sub with it, too. + +* $140 groceries. I shop mostly at Aldi and grow several greens and fruits in my backyard. + +* $60 for random upkeep around the house. Replacing a broken sprinkler head, buying wood chips, replacing a broken weedeater guard, batteries, light bulbs, buy a bag of potting soil, stuff like that. + += $1,220/month. I'm not including eating out or going to shows or movies because I'm inside the house all day every day. My $20 gym membership is suspended, I don't want to work out in an enclosed space until there's a vaccine or proven treatment. + +Plans for Year 3 are wait out the pandemic for a vaccine or treatment. Stay home in the meantime. I miss flying. I fully expect flying to be a more miserable experience with less competition and higher prices when is does bounce back. It's unavoidable, I get it. + +I'm still looking at a van to custom build a camper for one to travel to state and national parks in. I've ridden in my friend's Sprinter a few times and I'm now convinced it's too much room for one person. I've also decided that a camper van with on-board water, shower and toilet is unnecessary for me, I can just use a Planet Fitness membership or pay for showers at truck stops or campsites. The custom builds being offered for Nissan NV200 cargo vans with pop-top roofs are intriguing. Would cost about $23,000 for a new NV200, then another $20,000 to $30,000 for the camper build. +https://www.youtube.com/watch?v=VLVcZpmuzMs + +I am also intrigued by the "camper mode" being offered in the Tesla Model 3. It basically allows you to run the car's AC all night without killing the battery, meaning a climate controlled room. The backseat can be folded down and you have a completely flat floor to lie on, with your legs in the trunk of the car. Third-party vendors now sell mattress and bedding kits for you to use to sleep in the back of your Tesla all night, it's amazing. +https://www.youtube.com/watch?v=KjC_ggNqbWA + +Big drawbacks to a Model 3 for a "camper" is the lack of space and the sparse Supercharger network. We'll see, I'm in no rush. $38,000 for the standard range 250 miler. $43,000 for the 320-mile version. +Hello beautiful apeys! + +I saw BCG attacking the stonk I love so much and decided to use my weaponized autism to look into BCG and see what their real motive is. + +**TL;DR: I believe this lawsuit would have happened regardless if RC took over as Chairman or not. It is my theory that the sleeper agents on GameStop's board were purposefully mismanaging the company into the ground to help SHF drive the price down as part of their plan to Cellar Box it. I believe it was a coordinated attack from all sides.** + +**Company was being mismanaged by sleeper agents + naked shorts and then hire BCG to do a "turn around" and purposefully not do anything they said and pay them late, make the company look completely incompetent and then this eventual lawsuit would happen as a nail in the coffin for Retail sentiment.** + +**In an alternate universe where RC didn't take over and Reddit didn't figure out the criminal predatory naked shorts from hedge funds, if you heard about this lawsuit you'd likely panic sell and buy puts which would lead to GME's bankruptcy.** + +**Now that RC took over and changed the game, and fired all the sleeper agents, he likely has proof of bad actors sabotaging the company to defend against the lawsuit.** + +\------------- + +So I first started looking into any connections Citadel has with BCG and found some people who are tied to both places. + +Anuj Arora Vice President, Office of the CEO at Citadel Securities (Kenny) AND former Project Leader at BCG + +https://preview.redd.it/lnd4ugz9bdp81.png?width=843&format=png&auto=webp&s=1c78551b02707c8b9265fa56e213b598ad0b64e9 + +&#x200B; + +Carsten von der Linden, Chief People Officer and Managing Director at Citadel AND former Principal at BCG + +https://preview.redd.it/o9apaxhabdp81.png?width=830&format=png&auto=webp&s=3769cd324339cd4880a7a287034bb6df29b76f74 + +[https://www.crunchbase.com/person/david-opolon](https://www.crunchbase.com/person/david-opolon) + +David Opolon currently has 2 jobs. 1 working DIRECTLY with KENNY and 2 Principal at BCG. + +https://preview.redd.it/r0e19clmbdp81.png?width=822&format=png&auto=webp&s=faa038c7dc15c49d331dbee28de443988c90d61a + +Avi Tillu who worked at Citadel and BCG but we'll come back to him later. + +https://preview.redd.it/euqyxdj1ldp81.png?width=588&format=png&auto=webp&s=d382bbff7cbfe690350369fc7b6f159ba70f11c5 + +&#x200B; + +[Lawsuit in question](https://d12v9rtnomnebu.cloudfront.net/paychek/Boston_Consulting_v_Gamestop.pdf) + +https://preview.redd.it/z5azb80oldp81.png?width=650&format=png&auto=webp&s=dbb08e70795c130f878c1d0b915ae6b496e29b92 + +&#x200B; + +In 2019 we already know there were a bunch of sleezy sleeper agents on GameStop's board. I posted my theory in the TL;DR above. + +&#x200B; + +https://preview.redd.it/qd4mzshyxdp81.png?width=677&format=png&auto=webp&s=23c93278d2290ed6f439cd9d648a4774f2bee408 + +The GameStop before RC was failing hard. So hard that it had to be on purpose. And the actions they took with BCG just feels planned to me. GameStop paying the fees over 8 months late? Knowing that there were people on the board trying to sabotage the company, it feels like a setup for a lawsuit later. + +If the contract was signed under false pretenses and can be proven that bad actors had the intent on breaching the contract to lower the stock price in an eventual lawsuit, then they wouldn't need to pay the $30M now. + +Either that or they were trying to siphon money out of GameStop to hurt the books. You know, Just your general sabotage fuckery. + +But that's all just speculation without any proof, right?. + +We have a beginning to the conclusion and an end, but we don't have a line to draw from one to the other without resorting to speculation. + +Unless... there was another example of sleeper agents acting under false pretenses involving BCG.. + +*\*Googles\** + +OH SHIT look at [this](https://storage.courtlistener.com/recap/gov.uscourts.nysd.525729/gov.uscourts.nysd.525729.1.0.pdf).. + +&#x200B; + +https://preview.redd.it/njh3oe6hpdp81.png?width=657&format=png&auto=webp&s=20d0b6569ded3d2ede67370e78fe979c5bbe6d8c + +In 2019 BCG sued NCR for not paying their exorbitant fees. SOUND FAMILIAR!?? + +NCR [counter argued](https://law.justia.com/cases/federal/district-courts/new-york/nysdce/1:2019cv10156/525729/74/) that BCG basically placed a sleeper agent on the board to sell the contract to them. + +&#x200B; + +https://preview.redd.it/6y2g69b5rdp81.png?width=688&format=png&auto=webp&s=cbf6126013587f3e8c8c5eff87a0dcba609381b5 + +&#x200B; + +In 2018 NCR got new leadership and that was actually the reason for the lawsuit. The new leadership decided BCG's fees were dumb and not in line with the vision. SOUND FAMILIAR!?? + +&#x200B; + +https://preview.redd.it/qzsko51stdp81.png?width=676&format=png&auto=webp&s=6bb7c86bb0a15695901379428181d7354e1bc1ff + +This lawsuit with GameStop now could just be history repeating itself. + +New leadership comes in, turns the company around themselves, BCG get's mad cuz shorts r fuk, and sues because new leadership fucked up their plans to bankrupt the company. + +Remember Avi Tillu from a few pictures ago? + +He worked at BCG and at Citadel. And now works for Pimco. + +Who's Pimco? + +&#x200B; + +https://preview.redd.it/zv66fp7dvdp81.png?width=656&format=png&auto=webp&s=ec81a12b788c8e6d31c947954990aeec2ca1d17e + +This dude Bill Gross co-founded it and is an active short seller against GameStop. + +It just realllllly feels like a huge plot with people both: handing inside company info, and being placed in high ranking sleeper positions to fuck the company up. + +I believe when you look at all the pieces laid out and the people going from one place to another, it just jumps out at you and becomes obvious. + +And before someone says *"It's pretty common for people to jump from one company to the other, that doesn't prove anything"*, I'd like to remind you guys of this part of my [Rolling in The Deep Dive DD:](https://www.reddit.com/r/Superstonk/comments/pcklz0/rolling_in_the_deep_dive_hiding_money_in_the/) + +&#x200B; + +https://preview.redd.it/7dsew61owdp81.png?width=698&format=png&auto=webp&s=645cd32fad2d24a3b33b9c6a98894bc8c7afaa2e + +Anyone involved with Citadel can still be on Citadel's payroll and there can be no trail according to the rules and exemptions Citadel is granted. Based on all the things we're seeing it's just obvious there's so much fuckery going on behind the scenes. + +You'd have to be a shill to not see the connections. + +GameStop is and was the target of a major scheme involving multiple companies. I think we just found one more piece of the puzzle in this whole **"SHF ruining the world by naked shorting companies into bankruptcy to make money for themselves"** thing.. + +I don't think it's only GameStop. I think BCG is another arm of Citadel helping them place sleeper agents to destroy companies from within. + +Anyways that's my theory. + +\--------- + +By the way, RC if you're reading this, I think you may have missed a sleeper agent: + +&#x200B; + +https://preview.redd.it/ae1r9h7zvdp81.png?width=435&format=png&auto=webp&s=46a1791766f190e1c9a4241c0a9ef6f40f746a3e + +https://preview.redd.it/06qjme74wdp81.png?width=498&format=png&auto=webp&s=c14fe99eb266055dbcdf7c9840b5f6e04c3d88ec + +&#x200B; + +Edit: + +[https://www.prnewswire.com/news-releases/bed-bath--beyond-inc-announces-transformation-of-board-of-directors-and-additional-governance-enhancements-300835494.html](https://www.prnewswire.com/news-releases/bed-bath--beyond-inc-announces-transformation-of-board-of-directors-and-additional-governance-enhancements-300835494.html) + +https://preview.redd.it/3tzfpc9qfep81.png?width=729&format=png&auto=webp&s=1c98e18006e9abfc228d0c76ec7ffef7bcb7fdee + +&#x200B; + +Edit 2: + +RC CONFIRMING THE DD LESGOOOO + +&#x200B; + +https://preview.redd.it/sa8rxdwm8gp81.png?width=466&format=png&auto=webp&s=676f46657644a197122655bd4b4d334895f1130d +Walking home today wearing my LKE shirt , some fucker bumped into me and instantly started talking shit about uraniun being the best mineral. tried to remain calm and explain to him that lithium was actually the best mineral, but he wouldn't take a hint. He started throwing around words like "Zinc batteries are cheaper to produce", and "PEN to the moon 🚀🚀🚀 so I lost it. Punched him right in his pen holding fuck face. + +I hate uranium so goddamn much +So, in the past few months, whenever a new ATH was reached I used to get reminded of this post: + +[https://www.reddit.com/r/IndiaInvestments/comments/k9yprf/are\_you\_guys\_booked\_profits\_in\_this\_all\_time\_high/](https://www.reddit.com/r/IndiaInvestments/comments/k9yprf/are_you_guys_booked_profits_in_this_all_time_high/) + +&#x200B; + +TL,DR: In Dec 2020, They(the OP of the linked post) felt that markets were overvalued at Nifty around 13000 and were confident that they can buy at Nifty 12500 levels again. Guess what, we are at Nifty 17000+ today. + +&#x200B; + +Further, there was another assertion that the "market-mood-indicator" will show extreme fear (<20) and they will enter again at that time. To cross check, I downloaded the market-mood-indicator(MMI) history XLS and guess what, it did go below 20 in March 2020. But Nifty was already at 14000+ when MMI was <20. + +&#x200B; + +So, what is the takeaway? I will keep my SIPs running. My monthly investment is around 1% of my total portfolio value, so I reckon that stopping a SIP and waiting for a correction is actually not worth the effort I need to put in (i.e. mental effort needed to decide if \*\*this\*\* is the right time to start my SIPs). In any case, I feel that any crash does get recovered in a few months, at worst a couple of years. So, since the money I am investing today is needed for goals which are farther away ( > 10 years) , it doesn't make sense to stop the SIPs now. What does the community feel ? +Crude hit $19.92 a barrel in the US just now. + +Like in 2015, this price crash is an obvious temporary reaction to a perfect storm, and crude obviously isn't going to stay at historic lows for long. + +What I'm asking is; + +1) How is it so long, when the long term value of oil is profoundly unlikely to be permanently damaged + +2) If it is indeed rational to invest in Oil long-term at this price, how do I do so? I am UK based if that helps. + +See article for more details (apologies for the paywall) +[https://www.ft.com/content/bc938195-82d3-43eb-b031-740028451382](https://www.ft.com/content/bc938195-82d3-43eb-b031-740028451382) +I was interested in a home builder stock Melcor Developments ($MRD) and noticed they also have a reit Melcor Real Estate Investment Trust ($MR.UN). + +Now what I am trying to understand is on the financials of the parent company, they are writing in 100% of the revenue, profit and FFO of the reit when then only own 45% of it. Personally this seems odd as it is obviously not their direct profit, I would assume they would put only 45% of the revenue, profit and ffo but I am not too sure how that works I’m not an accountant. 😅 + +I have no positions in these stocks and was interested in going long do to the seemingly low price to FFO price, but now I’m likely going to avoid because it seems fishy to me. +I've recently been looking into tech companies and recently public companies and noticed most of them issue a lot of shares every year. As an investor, this erodes your free cash flow and value per share, so you don't really capture the full upside that comes along with their growth. I've noticed very few people on this sub and investors in general talk about this. Some examples: + +&#x200B; + +|Company|ANNUAL share count increase in the last 3 years| +|:-|:-| +|TSLA|8.37%| +|UBER|8.16% (not counting shares issued during IPO)| +|FVRR|12.5% (not counting shares issued during IPO)| +|ASC (Asos)|8.06%| + +&#x200B; +[BBC News](https://www.bbc.co.uk/news/uk-54375476) + +Or is it just me? Surely these people knew there'd be a risk that they couldn't travel and should have factored this into their plans. +I’m newer to this and trying to do my research. + +I see there’s a bunch of subreddits set up for each coin a well as a few general subs. However the main subs appear to be a place where sects of the coin specific subs gather. + +Is there a way to get impartial information. + +Seems like everyone is a champion of one coin or another. I don’t need to be beaten into buying stake in a coin because someone is blindly championing it, parroting their communities sentiments, or simply pumping out of their own self interest. + +Looking for honest, impartial and insightful conversation +Something is wrong with reddit at the moment could not upload any pictures, and keeps giving me errors but in getting the news out asap I thought I'd get it out now and try to add images later if needed. + +# (Superstonk header) + +Good Morning San Diago, + +I am Rensole and this is your daily news. + +Does anyone smell that? + +\*insert flashy intro card\* + +# (stonks ↗) + +# + +# Reverse repo's + +[https://www.reddit.com/r/Superstonk/comments/o7s3ux/daily\_reverse\_repo\_update\_0625\_770830b/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/o7s3ux/daily_reverse_repo_update_0625_770830b/?utm_source=share&utm_medium=web2x&context=3) + +It seems the reverse repo's are now at 770.830 with 74 participants. + +I'd also advise to check out the top comment pinned to that thread as it explains quite a bit on how the repo's have been increasing and even includes this : + +[Reverse Repo's explained](https://www.reddit.com/r/Superstonk/comments/o27k2h/reverse_repo_operations_explaining_their_purpose/) + +# + +# The exponential floor + +[https://www.reddit.com/r/Superstonk/comments/o7va1q/0625\_update\_floor\_guys\_log\_stonkdate\_268\_russell/](https://www.reddit.com/r/Superstonk/comments/o7va1q/0625_update_floor_guys_log_stonkdate_268_russell/) + +Seems we are still sitting bellow the exponential floor u/JTH1 came up with, again I believe this shows that standard TA is hard to pin down on this sub, but its good to keep an eye on models like this because it does show us what was previously thought of, and gives us a good starting point for the next possible model. + +With enough data collected someone like JTH1 could start making a new accurate model. + +# + +# The Russel 1000 + +[https://content.ftserussell.com/sites/default/files/ru1000\_membershiplist\_20210628.pdf](https://content.ftserussell.com/sites/default/files/ru1000_membershiplist_20210628.pdf) + +It's official GME has been added to the R1K, I believe I even read somewhere that GME is only 1 single good quarter away from joining the S&P 500, but I'm not sure about that (as this is from memory) perhaps a wrinklebrain can help out and check this out to make sure we are indeed about to join that as well. + +Also good thing to note, I believe the Q2 is about to close at the end of June🤔 wait wouldn't that be... heheh + +&#x200B; + +# Fud campaigns + +[https://www.reddit.com/r/Superstonk/comments/o8pk79/what\_i\_see\_when\_i\_zoom\_out\_shout\_out\_to\_uayyyybro/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf](https://www.reddit.com/r/Superstonk/comments/o8pk79/what_i_see_when_i_zoom_out_shout_out_to_uayyyybro/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +u/bah2o was awesome enough that they created a timeline of all the FUD campaigns we have seen up to this date, you can see the stuff they already tried to pull, it doesn't matter if these people who were part of this fud campaigns were trolls/shills/bots + +The important thing is just what was posted. + +Thanks u/bah2o for giving satori some more food to process 😉 + +&#x200B; + +# DTCC-011 + +[https://www.reddit.com/r/Superstonk/comments/o908v9/thought\_sausage\_my\_take\_on\_dtcc\_the\_011/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf](https://www.reddit.com/r/Superstonk/comments/o908v9/thought_sausage_my_take_on_dtcc_the_011/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +Here is a thread about the dtcc 011, join the discussion and lets see if we can all form some new wrinkles. + +My take on it so far is that the amendment was something along the lines of "cut off the foot to save the leg" kindof action, but what the hell do I know 🤷‍♂️ + +[https://www.reddit.com/r/Superstonk/comments/o7vfvs/dtcc\_update\_submission\_of\_rule\_filing/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf](https://www.reddit.com/r/Superstonk/comments/o7vfvs/dtcc_update_submission_of_rule_filing/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +&#x200B; + +# A pattern of memes + +[https://www.reddit.com/r/Superstonk/comments/o92cmg/i\_think\_i\_noticed\_a\_pattern\_a\_bunch\_of\_the\_meme/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf](https://www.reddit.com/r/Superstonk/comments/o92cmg/i_think_i_noticed_a_pattern_a_bunch_of_the_meme/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +Good writeup about why certain stocks have recently perhaps been offering shares and others have not. + +It could be (imo) that some stock companies are doing an ATM share offering so that when legal action does indeed come they can't say "well we couldn't cover" can now be met with "nah bitch you had 10 million shares coming out in less than six months, you CHOSE not to cover". + +(yes I still hope they go after the SHF who do illegal shit with jail time). + +&#x200B; + +# Possible Crypto Dividend. + +[https://www.reddit.com/r/Superstonk/comments/o933f5/crypto\_hints\_being\_dropped\_in\_gmes\_prospectus/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf](https://www.reddit.com/r/Superstonk/comments/o933f5/crypto_hints_being_dropped_in_gmes_prospectus/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +Seems like we missed some stuff in the filings, thank god people like u/loggic found this. + +Give his thread a look they go over how they possibly could offer crypto dividend and other things my brain is to smooth to explain for. + +[https://www.reddit.com/r/Superstonk/comments/o94pad/why\_didnt\_we\_read\_the\_prospectus\_the\_reset\_button/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf](https://www.reddit.com/r/Superstonk/comments/o94pad/why_didnt_we_read_the_prospectus_the_reset_button/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +Another one by u/JustBeingPunny again focussing on the prospectus and possible "non traditional + +[https://www.reddit.com/r/Superstonk/comments/o91v8m/dividend\_other\_than\_cash\_taken\_from\_their\_filing/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf](https://www.reddit.com/r/Superstonk/comments/o91v8m/dividend_other_than_cash_taken_from_their_filing/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +# GameStop's NEW 700,000 Sq Ft. Fulfillment Center in York, PA + +[https://www.reddit.com/r/Superstonk/comments/o83m79/update\_gamestops\_new\_700000\_sq\_ft\_fulfillment/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf](https://www.reddit.com/r/Superstonk/comments/o83m79/update_gamestops_new_700000_sq_ft_fulfillment/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +&#x200B; + +&#x200B; + +# Insert bill and ted be excellent picture + +# EXCELLENT! + +Be friendly, help others! + +as always we are here from all different walks of life and all different countries. + +This doesn't matter as we are all apes in here, and apes are friends. + +Doesn't matter if you're a silverback a chimp or a bonobo. + +We help each other, we care for each other. + +**Ape don't fight ape, apes help other apes** + +this helps us weed out the shills really fast, as if everyone is helpful, the ones who aren't stand out. + +remember the fundamentals of this company are great, so for the love of god if someone starts with trying to spread FUD, remind yourself of the fundamentals. + +There is no sense of urgency, this will come when it comes, be a week, be it a month be it six. + +We don't care, just be nice and lets make this community as Excellent as we can! + +Remember one of the only ways to counter the Cointelpro we have seen is by being overly nice, so treat all the other apes as if you're dating and you wanna get to first base. + +# I'm Ron Burgundy, stay classy San Diago + +remember none of this is financial advice, I'm so retarded I'm not allowed to go to the zoo 'cause they'll put me in the cage with the rest of my ape brothers. + +If anything happens throughout the day we will be adding it here. + +backups: + +[https://twitter.com/rensole](https://twitter.com/rensole) + +[https://twitter.com/PinkCatsOnAcid](https://twitter.com/PinkCatsOnAcid) + +[https://twitter.com/RedChessQueen99](https://twitter.com/RedChessQueen99) + +[https://twitter.com/ByeTriangle](https://twitter.com/ByeTriangle) + +[https://twitter.com/u\_sharkbaitlol](https://twitter.com/u_sharkbaitlol) + +[https://twitter.com/BradduckF](https://twitter.com/BradduckF) + +&#x200B; + +&#x200B; + +&#x200B; + +Again sorry for no pictures but reddit is not letting me upload any, keeps telling me they failed to upload -\_- + +&#x200B; + +Edit 1: + +[https://www.reddit.com/r/Superstonk/comments/o9a2ty/dont\_get\_scammed\_by\_fake\_gamestop\_nft\_tokens/](https://www.reddit.com/r/Superstonk/comments/o9a2ty/dont_get_scammed_by_fake_gamestop_nft_tokens/) + +Because some people have pointed out that there may be some scammers out there, be careful with Crypto tokens, because unfortunately this is something that happens a lot in the crypto world. + +Tomorrow we'll be getting a DD from our Kiwi ape u/Lucent_Sable on Crypto scams/tokens. + +(seeing GME is offering a nft/crypto/token soon it's good to be informed about this so no one gets screwed) + +https://news.bloomberglaw.com/tech-and-telecom-law/softbank-says-unaware-of-sec-probe-into-securities-trading + +On Wednesday, short seller research site PlainSite posted a letter from the Securities and Exchange Commission on Twitter revealing that the agency is investigating SoftBank, the Japanese telecommunications company and investing giant notorious for financing various unprofitable “technology” companies like WeWork, Uber, Compass, and Oyo. + +Aaron Greenspan, founder of the Think Computer Foundation that runs Plainsite, filed a FOIA request in December 2020 for "any investigative materials [from January 1, 2018 to the present] pertaining to the various SoftBank companies controlled by Masayoshi Son, specifically relating to SoftBank's trading of stocks and derivatives on those stocks." + +This request was filed in response to the revelation last fall that SoftBank was the "Nasdaq whale.” SoftBank was responsible for stoking a huge rally in tech stocks, the Financial Times reported, because around August it began buying billions of dollars worth of call options in a shift for the company, fueling a rally that pushed up the share prices of tech companies it held billions of dollars of equity in. + +Thanks in large part to a rally sparked by SoftBank’s high-risk market plays, firms like Tesla and Apple were up 74 and 21 percent, respectively, in the month of August alone. Executed through a small desk of traders and chief executive Masayoshi Son himself, the trading unit―named SB Northstar―and its bets won the company some $4 billion in gains at the beginning of September, before quickly melting away into nearly $3 billion in losses by the end of the month. + +In a January letter responding to Greenspan’s initial request, and months after the reporting on Softbank became public, the SEC said that its search did not turn up any relevant records. Greenspan appealed the decision on March 9 and two weeks later received a letter saying that responsive records were identified, but they could not be released under legal provisions that cover ongoing investigations. + +“We have confirmed with Division of Enforcement staff that the investigation from which you seek records is still active and ongoing,” the SEC letter stated. + +According to the letter, the SEC maintains that releasing the records “could cause harm to the active and ongoing enforcement proceedings because, among other things, individuals and entities of interest in the underlying investigation could fabricate evidence, influence witness testimony and/or destroy or alter certain documents,” in addition to revealing cooperating witnesses and the general scope of the investigation. + +The debatable merits of the SEC’s denial aside, an investigation into Softbank may indicate that its risky trading strategy is catching up to the giant. SoftBank unwound its Nasdaq derivative positions by December 2020 after investors questioned its "controversial strategy" which could've lost the company billions more. The last look at SB Northstar's books at the end of September showed that it had bought about $17 billion worth of shares in the US tech market, with another $3.4 billion in bets to prop up their prices. + +SoftBank did not immediately respond to Motherboard’s request for comment. The SEC declined to comment. +For beginners: CAGR is simply the total growth over a period of time, averaged out to give a better idea of just how much the money has grown by. (Edit: Here I'm only talking about long-term CAGR, not just a year). + +I used to think there were some technical hiccups keeping them from doing so. I don't think there are, so do let me know if that is indeed the cause. + +In my view, 90% of problems in this industry are due to bad advice. Bad advice is generally given by people who are for one reason or another not so good at their job (generating returns on capital). + +For example, Buffett's lifetime CAGR is roughly 30% (Berkshire is 20%). That's an honest signal that Buffett is much more reliable when it comes to advice on doing this compared to others. + +On the other hand, none of the professors, TV gurus, or anybody on the internet ever disclose their CAGR. I don't want to name someone because many people get attached to what they see or hear about consistently (due to a psychological effect called the 'mere-exposure' principle). + +But to my mind, it should, quite frankly, be a basic requirement for providing investment advice. If somebody's CAGR is much higher than Sensex, that person is worth listening to. + +But otherwise it is like going to a doctor who has no certificates on the wall. We all know what they are called: quacks. +I know I will :) + +EDIT: 3,316,862 Community Members X $30/each = $99,505,860 (give or take based on currencies used) + +EDIT 2: El Salvador will have the crypto launch @ 3PM. I say we coordinate for this time, which is 2PM Pacific Standard time. Thoughts? + +EDIT 3: i have meant this as more of a support gesture, rather than a pump. Its a first that a nation has adopted Bitcoin. This is an important time in Bitcoin. Lets show El Salvador, for those who are on the fence about it still, that Bitcoin has value for them. And for every one. Bitcoin is meaningful. + +EDIT 4: Thank you all for the support. Thank you all for the awards. Lets spread the thread. Across all platforms. + +EDIT 5: Official thread if you bought: https://www.reddit.com/r/Bitcoin/comments/pjud1c/its_the_banks_manipulation_vs_the_peoples/?utm_source=share&utm_medium=ios_app&utm_name=iossmf + + +After having an accident in our old car we wanted a new one on finance, but due to our poor credit we opted for one of these poor credit car specialists. After a few back and forth checks, including the finance company using 'credit kudos' so they had access to everything financially, we eventually got accepted for a loan of 10k, but with interest the car we chose ended up being 13,400 overall after 5 years. The first thing the specialists say on the phone is 'we deal with affordability over credit'. + +We pick up the car, have it for 10 days, life is good then all of a sudden a recovery truck is following the other half, picking up our 2 year old from nursery and 5 year old from school. The driver says he has to take the car or he will perform a citizens arrest and get police assistance if she doesn't cooperate, confused with what's happening and the chaos of the children she handed him the keys and he loads our brand new car onto the truck. The driver rings his office who doesn't understand the situation so then rings the company providing us with the car finance, who says they have completed further credit checks and state we shouldn't of been given the loan in the first place. They was aggressive over the phone and belittling us and told the driver not to take my partner home, with now a 5 year old, 2 year old, 2 car seats amongst everything else in the car. + +She gets home and rings the car finance company and they say they have missed something on their end and she never got credit checked properly, yet before we even had the car they must of done 3 or 4 checks. They then proceed with what will happen going forward, and this is where it gets even better. What they have said is that we have to pay the full car value, plus admin fees, plus cancellation fees, and half of what the car brings at auction, totalling as it stands, £20,930. If we cant afford the car why are they making us pay almost double? In the original contract we signed with the credit agreement it even mentions we have the right to withdraw from the agreement within 14 days... we've had the car 10? I'm so in shock with what's happening and just need advice, we've talked to citizens advice but because it's the weekend, we aren't hearing much and we are just panicking. + +Thanks for taking your time to read this post. + +*edit* +Thank you for all your responses. We got the car through carfinance247 who passed us onto one of their lenders, will mentioning the lenders name cause me any implications? On the phone yesterday we asked for everything that has been said to be putting into an email, the response we was met with was they had to get their manager to write it up, we are still waiting for this email to come so we can pass it forward to citizens advice. +[https://www.youtube.com/watch?v=-8H-6VHUt9s](https://www.youtube.com/watch?v=-8H-6VHUt9s) + +&#x200B; + +Edit: For me, I learned that socialism applies to the wealthy and capitalism for the average person. +**YARRRRRRRRRR ME HEARTIES!** + +I've finally found a 100x coin with a brilliant use case. I was invested at the start and the community quickly put together a plan for the first ever blockchain rum. I'm in TG now and they're currently in chats with distilleries to ship Moonpirate rum worldwide. There's also a merch store in the works. It's all blown up insanely quickly and I think the unique use case gives it potential to x10 yet again over the next few days. + +The community is the best I've seen since safemoon - please join the telegram and get stuck in with the pirate banter before even investing. + +**TL;DR: 2,500 grown men pretending to be pirates making ludicrous amounts of money while their kids are asleep.** + + +**Community / 24-7 Coin Support - Telegram:** [**https://t.me/MoonPirate**](https://t.me/MoonPirate) + + +\----------------------------------------------------------------------- + +&#x200B; + +Copypasta-ing the below from their Telegram: + +🚀 MOONPIRATE 🚀 + +✅ TOKEN ADDRESS: 0xf09b7b6ba6dab7cccc3ae477a174b164c39f4c66 + +💰 How to buy video: [https://www.youtube.com/watch?v=7f9eHmJy86s&ab\_channel=DeFiDom](https://www.youtube.com/watch?v=7f9eHmJy86s&ab_channel=DeFiDom) 🚸 + +💵 Purchase on Pancake Swap: [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xf09b7b6ba6dab7cccc3ae477a174b164c39f4c66](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xf09b7b6ba6dab7cccc3ae477a174b164c39f4c66) + +🌚 Moonpirate is SAFU and sailing to the MOON + +🔥 100% LP tokens burned. 60% of all supply burned. + +♻️ 2% fee AUTOMATICALLY GOES BACK INTO LIQUIDITY + +💎 1.2% fee AUTOMATICALLY GETS DISTRIBUTED BACK TO HOLDERS + +🔥 0.8% GETS BURNED FOREVER + +🔮 Contract Address 🔮[https://bscscan.com/token/0xf09b7b6ba6dab7cccc3ae477a174b164c39f4c66](https://bscscan.com/token/0xf09b7b6ba6dab7cccc3ae477a174b164c39f4c66) + +👌🏻 Ownership Renounced 👌🏻 + +[https://bscscan.com/tx/0x761054a6b262d484be39099639a9b89465805c18f2a97f4b94a53726c1d7bc6d](https://bscscan.com/tx/0x761054a6b262d484be39099639a9b89465805c18f2a97f4b94a53726c1d7bc6d) + +🔥 LP Burned 🔥 + +[https://bscscan.com/tx/0xc4189bc138d0b1f02a88d65014ff7605f8d10e6e27e12783c28db326a56c7e18](https://bscscan.com/tx/0xc4189bc138d0b1f02a88d65014ff7605f8d10e6e27e12783c28db326a56c7e18) + +📲 Links 📲 + +Website: [https://www.moonpirate.finance](https://www.moonpirate.finance/) + +Twitter :[https://twitter.com/moonpiratebsc](https://twitter.com/moonpiratebsc) + +Telegram: [https://t.me/MoonPirate](https://t.me/MoonPirate) + +Pricebot: [https://t.me/moonpirate\_pricebot](https://t.me/moonpirate_pricebot) + +Youtube: [https://www.youtube.com/watch?v=CJw866zV-eU](https://www.youtube.com/watch?v=CJw866zV-eU) + +📈Charts 📈 + +[https://poocoin.app/tokens/0xf09b7B6bA6dAb7CccC3AE477a174b164c39f4C66](https://poocoin.app/tokens/0xf09b7B6bA6dAb7CccC3AE477a174b164c39f4C66) + +[https://goswapp-bsc.web.app/0xf09b7b6ba6dab7cccc3ae477a174b164c39f4c66](https://goswapp-bsc.web.app/0xf09b7b6ba6dab7cccc3ae477a174b164c39f4c66) + +🚗 Roadmap 🚗 + +✅ TRENDING ON REDDIT + +✅ FAIR LAUNCH WITH BUY LIMIT + +✅ LP TOKENS BURNED + +✅ 60% INITIAL TOKEN BURN + +✅ PRICEBOT + +✅ WEBSITE AND TWITTER LAUNCH + +✅ COINGECKO APPLICATION + +✅ MOBILE FRIENDLY WEBSITE + +✅ CONTACTED RUM DISTILLERIES + +🟢 MERCH STORE (IN PROGRESS) + +🟢 EXPLORING AUDIT OPTIONS (IN PROGRESS) + +🟢 DISTILLERIES PROJECT PHASE 2 (IN PROGRESS) + +🟢 BSC SCAN MC AND LOGO UPDATES PENDING (IN PROGRESS) + +🟢 MARKETING CAMPAIGNS (IN PROGRESS) + +🟢 WEBSITE UPDATES (IN PROGRESS) + +🟢 WHITE PAPER (IN PROGRESS) + +🟡 NFT STAKING AND MINING (PLANNED) + +🟡 INTERNATION RUM DROPSHIPPING! (PLANNED) + +🟡 MORE TO COME! +Hello, + +Looking for some long term ETF investments for my children. They are currently 10 and we have saved about 4K cash. Thinking about putting 1k into two dividend ETFs (1 U.K. 1 global) 1K into green energy and 1k into emerging tech. Planning for the long term the next 10/15 years. + +Any suggestions/advice? What do you do? +Original post; +https://www.reddit.com/r/AusFinance/comments/lezqfx/just_got_a_name_your_price_on_my_house/ + +"They're speaking to be bank and will get back to you with an offer in a day or two". + +That's when I knew the offer probably wasn't going to be enough. + +The offer came in at 550. I politely declined and explained that would not work, what with CGT, moving costs, etc etc. Anything over 700 I would have opened discussions, but probably would not have sold anyway. + +I understand the agent has an obligation to present interest or offers if/when they present, and I said I'd be happy to listen to more realistic offers in the future. + +So all in all its no big deal. Good to know the property is sought after. Not upset with the agent, they're just doing their job, but now they have a much clearer idea of what price range I'd entertain. I'll wait and see. + +Thanks for the advice to everyone on previous thread. +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: + +*** + +- Follow the Golden Rule. All other rules apply as well. Follow [this link](https://www.reddit.com/r/ethtrader/about/rules) to view the rest of them. The rules page is also linked in the announcement bar above. +- General discussion topics include, but are not limited to, events of the day, technical analysis, alternative Ethereum projects, or minor questions. +- Breaking news or other important content should be submitted as a separate post. +- In-depth altcoin discussions should be referred to the /r/CryptoCurrency discussion thread. To view the thread, [follow this link](https://www.reddit.com/r/CryptoCurrency/search?q=%5BMonthly+General+Discussion%5D&restrict_sr=on&sort=new&t=all) and choose the latest entry on the search page. +- Pumping, venting, trolling, or any other similar behavior should be redirected to the /r/CryptoMarkets trollbox thread. To view the thread, [follow this link](https://www.reddit.com/r/CryptoMarkets/search?q=Trollbox+Thread&sort=new&restrict_sr=on&t=all) and choose the latest entry on the search page. + +*** + +Thank you in advance for your participation. Enjoy! + +From [The Guardian](https://www.theguardian.com/australia-news/live/2020/jul/21/coronavirus-australia-live-update-jobkeeper-nsw-hotspots-victoria-masks-jobseeker-daniel-andrews-gladys-berejiklian-latest-news?page=with:block-5f1644c18f08b5ab6db755c3#block-5f1644c18f08b5ab6db755c3) + +>Morrison said the $1,500 per fortnight jobkeeper payment will be reduced to $1,200 a fortnight for full-time workers from the end of September, and $750 per fortnight for people working less than 20 hours a week. + +>That full time payment will be revised down again for the March quarter of 2021 to $1,000 per fortnight, and $650 for part-time workers. +Dogecoin Rewards for holders! + +&#x200B; + +Team is KYC, dev is safu and starting market cap was only $140k. Strong community with fun raids and good vibes! + +Based team, owner is Harrys from Harry’s Hunts. + +Big marketing is scheduled pre and post launch. + +Founder and team active across the BSC space, with one marketers previous project surpassing $50million. + +Dev highly experienced in many token types. Recent projects include Upcake, Fegnomics and Londefy (All reached $1million+) + +&#x200B; + +&#x200B; + +Presale Hardcap: 100bnb + +5% Dogecoin Rewards + +4% Marketing + +2% Liquidity + +2% Dev and Team + +Hardcap 100bnb + +&#x200B; + +BSC Dogecoin Add To MetaMask + +0xba2ae424d960c26247dd6c32edc70b295c744c43 + +&#x200B; + +We Are Now Live + +Contract: 0xcbb003273efcbb1ea394d18863fbaac67a28b7c7 + +&#x200B; + +&#x200B; + +Intensive marketing planned scheduled on multiple platforms + +Buy/Sell Tax: 13% + +&#x200B; + +&#x200B; + +Explorer Link: [https://bscscan.com/address/0xcbb003273efcbb1ea394d18863fbaac67a28b7c7#code](https://bscscan.com/address/0xcbb003273efcbb1ea394d18863fbaac67a28b7c7#code) + +Github Link: [https://github.com/BscCoder007/RocketDoge/](https://github.com/BscCoder007/RocketDoge/) + +Whitepaper link: [https://dogerocket.live/wp-content/uploads/2021/11/DOGE-ROCKET.pdf](https://dogerocket.live/wp-content/uploads/2021/11/DOGE-ROCKET.pdf) + +&#x200B; + +&#x200B; + +Telegram: [https://t.me/DogeRocketChat](https://t.me/DogeRocketChat) + +Website: [http://dogerocket.live/](http://dogerocket.live/) + +Twitter: [https://twitter.com/DogeRocketToken](https://twitter.com/DogeRocketToken) + +Chinese TG:[https://t.me/DogeRocketChina](https://t.me/DogeRocketChina) + +Shill Group: [https://t.me/DogeRocketShill](https://t.me/DogeRocketShill) +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/EKU2tVBp9u) +We go once a year for a few weeks, and I'd like to go more often. I think we would if we had a place there. The biggest drawback is that as an American I can only be in the Schengen zone 90 days at a time. + +Those of you who have vacation homes like this, what are the drawbacks? + +Do you regret having made such a purchase? + +Thanks! +So for a bit of context, I'm 30 years old and started my full-time working career in 2011. It was at this time that I started earning and saving some decent money, which led to some basic financial research and planning. I recall a lot of discussions around how interest rates at the time were "low" (and certainly they were compared to historical averages). Naively this led to me thinking that we were at/near the bottom of a cycle and that interest rates would be due to rise some time in the future, but fast forward an entire decade and we've had over a dozen more cuts and not a single increase. I have no idea what "normal" means now, my entire working/saving/investing life has been perpetual cuts to an already historically low rate. + +So is this just an evolution to modern economics, where low interest rates and debt-fuelled spending/investment is the norm? + +Is it an unsustainable bubble that will eventually burst? + +Or is it just a temporary state of affairs, and interest rates will eventually work their way back up? We saw the US raising their rates until they were forced back down by COVID. + +I know that this is a very complex macroeconomic question, but I'm hoping to at least generate some discussion and hear some other opinions, especially from those who have actually experienced interest rate cycles prior to the past decade. + +I've been quite risk averse with my money, and I feel like a big part of that has been due to the interest rate environment and the thought that interest rates rising will benefit savers, but rate hikes seem to be pipe dream if the past decade is anything to go by. +The title says it all. I see so many alternative measures of valuation that claim to be superior to the P/E ratio, but the latter is always included in stock fundamentals. If it were really off and relatively useless, we'd have phased it out by now, I think. Thoughts? +Holy fuck! Apple killed it in the earnings I’ve owned it for over 5 years now but haven’t bought any since it got over like 1.5 trillion. Long term I love apple but even after these great earning 2.2 trillion is just too much to pay for the business. Any other thoughts? +I was going through historical GME data looking for clues and I came across something interesting. I think i know what is driving the volume during our runups (and downs) + +Let me start by saying I am a smoothbrain by trade and this is just speculation. I am merely a truth seeker that likes looking for patterns in life and am good at connecting dots. Trying to understand what GME doing is a hobby/obsession of mine, as im sure is true for many of us. + +So while looking for patterns in GME data I was looking at unusual volume spikes from 2011-2021. things looked pretty normal and nothing really looked sus until we get to 2015. I'm sure GME was being shorted before this but this is where the shorting became abusive with spikes in volume 7 times more than "normal" and having very little change in share price. This is when the death spiral becomes evident. + +&#x200B; + +https://preview.redd.it/2olttw8dfsu71.png?width=1219&format=png&auto=webp&s=c826c0988b5629c20a47ce99e24fc68e0920d676 + +This is when they started going full blown Toys R us on GME. + +After this the FUD kicks off. [Why Shares of GameStop Corp. Tumbled 24% in November | The Motley Fool](https://www.fool.com/investing/general/2015/12/09/why-shares-of-gamestop-corp-tumbled-24-in-november.aspx) + +The slow death has begun, and now all they have to do is short it to oblivion and let it bleed out for several years so investors keep coming in thinking they bought the dip. Suckers, ami right? + +Lots of huge volume days with little effect on share price in 2016, but couldnt find any patterns worth noting. Im not sure if the volume spike days could be them accumulating massive short positions, but if they were there are hundreds of millions of them + +**ENTER 2017** + +This is where it gets good. There are 5 unusually high volume days of over 10M that happened in 2017. They all match up with the runups (and rundown) in 2021 + +Take a look at January. + +&#x200B; + +https://preview.redd.it/05jolchnfsu71.png?width=1202&format=png&auto=webp&s=a8aa1d90b092b76ce7390fdb0f2894d9d95eefc2 + +When people think of the Jan Sneeze they think the of 26th, 27th, and 28th as the money days, but did you know the real magic started on the 13th? + +[GameStop rips 93% higher as board-overhaul rally enters 3rd day | Markets Insider (businessinsider.com)](https://markets.businessinsider.com/news/stocks/gamestop-stock-price-board-overhaul-ryan-cohen-holiday-sales-gme-2021-1) + +From here the Fomo and positive sentiment as the SEC put it ran things up until the buy button was turned off. Sure, this could be a Cohencidence, but it stood out to me enough to keep digging. + +We know from SEC report that jan was not a short or gamma squeeze, and I believe the Feb runup was caused by FTDs from Jan, there is a small 7 million volume spike feb 28th 2017, that may or may not have anything to do with feb runup, but i think FTDs was more likely. + +Ok, so what happened after feb? The biggest fuckery event in the history of mankind took place. + +&#x200B; + +https://preview.redd.it/rfhxuewyfsu71.png?width=1339&format=png&auto=webp&s=e8f9db58d4dbca5dce49748c51d45c067a11d3cf + +Yeah that sucked. whats above 350 kenny? Also WTF was the deal with March 24th?? + +You know, the day that went from $181and dropped violently to $120 and then back to $183 the next day? Sure was weird. Never seen any stock move like that ever. It would be weird if this same event happened to gme in 2017. + +&#x200B; + +Believe it or not. + +https://preview.redd.it/m6rbdb12gsu71.png?width=1243&format=png&auto=webp&s=dfd7105091d04b77474152d53b962303b7301692 + +&#x200B; + +Ok.. WTF now. This is getting weird. They sure do look alike. + +&#x200B; + +Oh yeah it also happened on march 24th Also on an unusual spike in volume day in 2017. I am starting to think that if they failed at the mother of all fuckeries this would have gone in the other direction and we would have moassed on march 24th. No clue what happened with this one other than it rhymes with 2017. + +https://preview.redd.it/vmhhgw6agsu71.png?width=1186&format=png&auto=webp&s=c38be94bef1898d69e5d9b67ee6c0320baba7ac8 + +&#x200B; + +&#x200B; + +[RIP](https://preview.redd.it/6qdxy3plgsu71.png?width=299&format=png&auto=webp&s=c66b76f86ee5e5c88bc7c27664e6988207051e17) + +&#x200B; + +The next suspiciously high volume day in 2017 was..... + +&#x200B; + +https://preview.redd.it/2iw2h2jrgsu71.png?width=1235&format=png&auto=webp&s=9512310ce0280f29b7188a08fe38f7f2c9c9182a + +**Does everyone remember May 25th and 26th? Here is a reminder.** + +&#x200B; + +https://preview.redd.it/k00j1wf0hsu71.png?width=1547&format=png&auto=webp&s=cec859bcaa987aee9383124b67bb3682a1dfadbc + +&#x200B; + +**MAY RUNUP DATE = MAY 25 and 26** + +**GME GOES FROM $180 to $240 PER BARREL** + +**There must be some high volume dates in 2017 that dont perfectly line up with 2021 right?? This cant explain everthing. Right? Lets check the data. The next SusVol 2017 date is.....** + +&#x200B; + +https://preview.redd.it/22b2gqc3hsu71.png?width=1186&format=png&auto=webp&s=256438a36150fc6529e8be04a6d9554dbf75e629 + +August 25th? + +&#x200B; + +https://preview.redd.it/jrgc92d8hsu71.png?width=1447&format=png&auto=webp&s=42aff6121b9398f0341f84015c9104b5acc00229 + +HAHAHA WTF. The ghost of 2017 right on schedule. I am surprised this one was the weakest of the runups, also it technically started on august 24th. I cant explain why its on point for every other date but started one day early here, maybe kenny took the day off, but there was a significant spike in volume the 25th as well after hitting record lows the week before. + +&#x200B; + +**NOW THE $55 MILLION DOLLAR A BARREL QUESTION** + +**WHEN FUCKIN MOASSS???** + +To be honest I dont know. This is one of the most tenuis DDs on this sub hands down and could mean absolutely nothing. Its just a curious observation of a pattern that seems to be repeating. It is in no way a definitive answer to the GME riddle. There is always a chance that they have more fuckery in store for us, AND don't forget we have been let down EVERY SINGLE TIME SOMEONE TRIES TO PUT A DATE ON THIS. + +This is for entertainment purposes only, if nothing happens we keep holding and being patient. + +I am hoping more intelligent apes can weigh in on this if there is a possibility that there is a 4 year FTD cycle at play or maybe can explain what the hell is going on here. + +**BUY HOLD AND DRS IS STILL THE WAY** + +**DO YOU UNDERSTAND??** + +&#x200B; + +If true next big volume spike should happen on >!November 22!< + +Whether it goes up or down I can not say. +I've been reading a lot about owning farmland as a "recession proof" asset. I know there has been much written about Bill Gates and his recent tear of purchasing farmland. I also know there are Farm REITs to invest in. + +From what I always assumed, farmers are struggling and it's not easy to make money. What am I missing about buying farmland and making money. Does anyone have any insight? +Throwaway account for anonymity. + +After a crazy week financially where my partner and I cleared six figures (thanks stonks), my partner's parent is now demanding that we provide them a significant amount of money. The parent raised my partner and her siblings by themselves, so definitely did not have it easy. But we are struggling with figuring out whether or not this is a good idea, mostly since the approach taken by the parent was quite poor (they were very upset that we didn't give them the cash as soon as we made it and never explicitly asked for the money). Percentage-wise, the amount would be under 10% of the after-tax gains, so in the grand scheme of things it's not that much relative to what we made. But it is still a significant amount of money and I am afraid that this will reinforce negative behavior going forward. My partner is (I'm pretty sure) leaning towards providing at least some of this money, but again I am afraid of what this entails. Additionally, I am aiming for reaching fatFIRE in the next 10-15 years and the current cash pile from this windfall will really help with that (minus charitable deductions already factored in), but big cash distributions like this would impact that timeline. Is it ever a good idea to give relatives money in this scenario? +So I've been a buy and hold for a long time, first in spy and now have about $200k in qqq (RRSP and TFSA). + +I was thinking instead of 200k on qqqs just get in the money leaps on qqqs (to mirror the performance). That would cost roughly 30k leaving me with $170k in cash. + +As far as I know if qqqs go up I'm all good same as just holding ETFs. If there is a crash or correction I'll have $170k to buy when it's lower/going down. I believe I can also roll out leaps to later date to avoid them expiring worthless and just wait it out. + +To counter leaps decay I can sell out of the money calls or strangle Q's in my margin account. + +Thoughts or ideas? Will a leap be manageable that way? Or with a crash it will just go to 0 and can't be salvaged? +I ask this because if your $2 million portfolio were to make an average ish 10% return, that means you made $200K plus whatever you make for your job, which is awesome. Would this be like owning a business in a way except that it is completely passive in comparison to managing a business such as a owning a restaurant? + +Any restaurant owners here? How much are you taking home a year? I don’t care about revenue, I wanna know how much free cash flow and money in your pockets. +After bills, I roughly pocket about 1350 after budget. My job provides a 401k with a match of up to 7% after a year (started working here recently). Should I open a Roth IRA? What other routes could I take for accruing compound interest? +It doesn't matter that the market will crash. This isn't a choice anymore, they can only kick the can down the road for so long. This is hurting the average person severely, there is already a lot of uproar. This isn't getting better, they have to act. +I was originally promoted within my company to create a new department about 1.5 years ago. I’ve since worked my ass off and spent the last year doing managerial level work for non-managerial pay ($47k). + +I initially accepted this offer as it was in line with my experience at the time but I’ve now shown that my capabilities go far beyond what was originally expected of me. My market value is between $60-75k based on the title I *should* have. + +My boss agreed with this and requested a large pay bump prior to my review. He was denied and told I’d receive the standard 2.5% that everyone else got and could renegotiate in 6 months. + +The problem with this is that I was told the same thing the last time I requested a raise and it was never followed up. + +I’ve set up a meeting to ask what specific goals and milestones are in place for this 6 month period. + +Are they saying to renegotiate in 6 months because raises were already budgeted for review time, or are they just trying to pay me as little as possible. + +Worth noting that I love my job - I self manage with hardly any supervision as I chat with my boss every Friday about what’s going on. Should I just leave now or wait until I discuss why my salary adjustment was denied with the CEO? + +Edit: I don’t plan to quit without receiving an offer from another company - just asking if it’s worth negotiating with my current employer or if I should just take more money somewhere else. + +Edit 2: Holy hell I only expected to get 5-10 responses. Thanks everyone for the help! + +Current plan is to discuss why this happened and to also shop around for other jobs. Probably won’t use an offer as leverage although I’ve seen others here do so successfully. Cheers, all. +In the U.S., the idea of increasing taxes on the wealthy has grown popular and a myriad of policies have been proposed, including increasing the capital gains tax or taxing them the same as income, a wealth tax, increasing the estate tax, etc. I am curious as if any of these policies would actually be effective, as I often feel that there are a myriad of ways for the wealthy to circumvent these policies, such as moving their money into tax havens. I am also aware that many of these policies also have downsides, such as decreasing investment which will reduce GDP or taxing lower and middle-class retirees the same as the extremely wealthy. + +Because politics are involved in these policies, I find it difficult to understand the merits of any policy, as genuine debate over policy is lost in punditry. I don't have an economics background, but I will begin a poli sci major in the fall, and I want to understand more about economic political issues. (I will also be doing econ classes in my major as well). + +I'm not advocating for or against any of these policies, I'm simply trying to understand how they would operate and effect the economy. I'm seeking genuine economic advice from economists for this reason. + +If none of these policies are effective, are there any alternatives available? (Obviously cutting spending is one but political realities prevent this). +I have an MS in a stats-heavy niche field. I’m interested in getting quite familiar with economics for my job. I typically need to ask/answer questions like “how should this product change affect user behavior in our synthetic economy?” I don’t think building competency with econometrics will be the hard part, but rather building intuitions about how actors behave in an economy. + +Any recommended resources? + +Obviously macro101 & micro101 are good starting places, but where does one go beyond here to build deeper intuitions? + +Thanks! +In the U.S., the idea of increasing taxes on the wealthy has grown popular and a myriad of policies have been proposed, including increasing the capital gains tax or taxing them the same as income, a wealth tax, increasing the estate tax, etc. I am curious as if any of these policies would actually be effective, as I often feel that there are a myriad of ways for the wealthy to circumvent these policies, such as moving their money into tax havens. I am also aware that many of these policies also have downsides, such as decreasing investment which will reduce GDP or taxing lower and middle-class retirees the same as the extremely wealthy. + +Because politics are involved in these policies, I find it difficult to understand the merits of any policy, as genuine debate over policy is lost in punditry. I don't have an economics background, but I will begin a poli sci major in the fall, and I want to understand more about economic political issues. (I will also be doing econ classes in my major as well). + +I'm not advocating for or against any of these policies, I'm simply trying to understand how they would operate and effect the economy. I'm seeking genuine economic advice from economists for this reason. + +If none of these policies are effective, are there any alternatives available? (Obviously cutting spending is one but political realities prevent this). +I have an MS in a stats-heavy niche field. I’m interested in getting quite familiar with economics for my job. I typically need to ask/answer questions like “how should this product change affect user behavior in our synthetic economy?” I don’t think building competency with econometrics will be the hard part, but rather building intuitions about how actors behave in an economy. + +Any recommended resources? + +Obviously macro101 & micro101 are good starting places, but where does one go beyond here to build deeper intuitions? + +Thanks! +Source for his claim: https://www.google.com/amp/s/thehill.com/homenews/senate/494406-mcconnell-sparks-bipartisan-backlash-with-state-bankruptcy-remarks%3famp + +What would this look like and what are the economic repercussions? +This isn’t a particularly profound or insightful observation but since both my spouse and I entered rhe 7-figure salary ranges within the last 7 years, our modes of living have adjusted accordingly. Vacations, clothing, general experiences have simply elevated a bit. + +And while I know what a lot of you will say is that all those things are a waste of money and the result of a bad money mentality and so on, I’m aware and I agree. So you billionaires out there driving Camrys, shopping at target and eating boiled chicken, bully for you, it was never going to be us. + +But, not to contradict my previous claim, the peripheral, waterfall costs that have gone up significantly around these adjustments are kind of nuts. Dry cleaning; high-octane gas; a glass of wine at a restaurant; repairs on anything; the expectation of tip at a higher end hotels and so on. + +Again. Not really news but it’s an interesting thing to watch climb fairly exponentially. Wondering others who have recently obtained a fatness that they are enjoying, and what their experiences have been like. + +I’m sure I will get to an age where those numbers are no longer worth it and the expense is best cut but for now I don’t mind. +Welcome to the Daily General 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 meant to be more relaxed compared to the serious daily thread. Memes, lambos, moons are all welcome. +- If the front page gets overloaded with memes, all but the top two posted and voted on may be removed. Basically, please post memes in this thread first and upvote the best so the mods know which ones to keep if we need to remove a bunch of memes from the front page. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our [Ethereum Education wiki page](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Thank you in advance for your participation. Enjoy! + +I have always enjoyed playing the piano. I just bought a $100K piano (Haessler 210 Grand Piano) last year and it is a beauty to play. 1 of my girlfriends is a singer and often we'll drink champagne, get tipsy and just re-create songs and sing together. She'll lie on the top of the grand piano and it's super sexy. Just like in the movies. + +Have any of you splurged on a major instrument. Which type, and how has it positively benefited your life? +Housing prices in my country (Estonia) have increased dramatically in the past few years, so I've been thinking that in the long term it might make sense to own rather than rent. I'm aware that right now it's a "seller market" so I'll just keep saving for a few years. But how do I know when is it a "seller" vs a "buyer" market? Does it make sense to wait for a buyer market? +What are some fun stats or goals/milestones that everyone tracks? Even the pointless ones - I'm interested to hear. + +For example I track how much my dividends would add on to my hourly wage rate at my 9-5 and pretend I've given myself a raise by that much, etc + +One of the milestones I'm hoping to hit one day and I haven't seen anyone else mention is how close are my dividends to earning as much as someone who makes the minimum wage in my state, etc + +My wife and I call the dividends "Winston" and pretend he works and pays us for room and board + +Just looking for some ideas - keeping the tracking fun and interesting :) +My son's mother and I have split custody of our son. In the past we have alternated on claiming him on our taxes. I was supposed to claim him this year. She just told me she claimed him and would continue to do so instead of filing for child support. Is there anything I can do if she has already filed and claimed him? +Thanks for all the replies and advice! To clarify we were never married and have nothing in writing or have been to court regarding custody or child support. +**Company overview** + +BIGG Digital Assets Inc. owns, operates and invests in crypto businesses that support and enhance a compliant and regulated ecosystem BIGGs value proposition is to be a safe player in the crypto sector offering services for trading, tracking, and rating crypto currencies. + +Looking at their offering, financial performance, and the market they operate in I believe there is a huge potential here, that we are about to see in 2021. + +**Portfolio** + +I will highlight what believe are the unicorns in BIGGs portfolio. Their portfolio is divided into two main service offerings: + +1. Blockchain Intelligence Group: Tools to mitigate the risk associated with cryptocurrencies and is currently being utilized by Law Enforcement Agencies globally +2. Netcoins: Platform for trading cryptocurrencies, through compliant and regulated brokerage service + +**1. Blockchain Intelligence Group (affiliated services):** + +QLUE: Visually tracks and reports on transactions in the blockchain. This service is designed for Law Enforcement, investigators, and compliance officers. + +Customers include: Canada Revenue Agency, Interpol, Citibank + +$715K Contract with a US Federal Government agency + +$335k Contract with European Wallet provider + +BitRank: Provides a risk score for all Bitcoin/Ethereum blockchain addresses/transactions. Compliance suite offers review of all queries, offering the ability to generate enhanced due diligence reports. Other cryptocurrencies are being added. + +**2. Netcoin service (platform):** + +By working with regulators, Netcoins aims to lead the regulated crypto trading space in Canada. + +Netcoins growth until January 2021: + +Monthly Trading Volumes (exceeding $81 million in Jan 2021) + +2733% Year to year, 142% Month to month + +Monthly Revenues + +1930% Year to year, 148% Month to month + +Monthly Active Users + +5381% Year to year, 75% Month to month + +**Market adoption** + +Recently, a Canadian company got approval to launch the first North American exchange traded fund. + +**North America's first bitcoin ETF launches in Canada today** + +[https://ca.finance.yahoo.com/news/north-americas-first-bitcoin-etf-launches-in-canada-today-103030939.html](https://ca.finance.yahoo.com/news/north-americas-first-bitcoin-etf-launches-in-canada-today-103030939.html) + +>Som Seif, Purpose Investments' founder and CEO, thinks Canadian regulators felt it was an important product for the marketplace. +> +>“Investors are already saying we're going to own this asset, one way or the other." he told Yahoo Finance Canada. +> +>"I think regulators are probably recognizing that it's probably better to put that into a regulated structure than a non-regulated structure." + +**Canada okays second-ever bitcoin ETF just days after approving the first crypto fund** + +[https://markets.businessinsider.com/news/stocks/bitcoin-etf-canada-approve-purpose-evolve-cryptocurrency-investing-fund-exchange-2021-2-1030092111](https://markets.businessinsider.com/news/stocks/bitcoin-etf-canada-approve-purpose-evolve-cryptocurrency-investing-fund-exchange-2021-2-1030092111) + +>The Canadian regulator's approval of two bitcoin ETFs has boosted optimism that the US Securities and Exchange commission will finally approve a similar vehicle in the US. Several firms have filed, but have so far failed to gain approval, for a bitcoin ETF in the past, with the SEC typically citing security concerns. + +The crypto industry is growing rapidly and with it, the need for security and regulation. This is where I believe BIGG is in a position to actually become leaders when the market matures. Their services are ideal for ETFs, pension funds and institutions that start to invest in crypto currencies. + +**Financials and valuation** + +The global cryptocurrency market size stood at USD 754.0 million in 2019 and is projected to reach USD 1.758.0 million by 2027, exhibiting a CAGR of 11.2%. + +BIGGs is currently outperforming the estimated annual growth for the market at 11.2%. BIGGs current growth rate per quarter is 50% (since Q4 2019), which would give a revenue growth of 73% 2021. Another interesting note is that their total debt decreased from 88 M in 2019 to 16 M in Q3 2020. They also have a treasury of 238.3 bitcoins, which they have accumulated by investing their cash flows. + +Below are **my own** estimated financials for BIGGs, based on their own projected revenue for Q1 2021, and historical figures for Q4 2019 – Q4 2020. + +https://preview.redd.it/h8wzlyltkbi61.png?width=1653&format=png&auto=webp&s=050daf897bb7f652b5034fa21bbe8a6d59db172c + +Lets compare these numbers to a player in the crypto exchange market, US-based Kraken. At 2019, Kraken secured a $100 Million (USD) investment, at a $4 billion (USD) valuation. The projected annual revenue for Kraken at that time was $32 million. The valuation to revenue ratio was 125. BIGG currently has a market cap at 172 M (CAD). The valuation for Kraken was of course extremely high, but they are operating in a fast-growing market with a scalable product, which means that the potential is huge. Even if the multiple of 125 would be off by say extreme 80% for BIGG, accounting for the fact that Kraken is based in the US and has better access to a venture ecosystem, **the valuation for BIGG with estimated revenue 2021 would be 500 M (CAD)**. Again, we are looking at a fast-growing venture in a fast-growing market, thus we must look at the stock as a venture investment, trying to estimate its target price based on potential. **Based on the current float of 140 M shares, the share price would be 3.5 (CAD)**. I do understand that BIGG is not solely a crypto trading platform, which is why I believe that they are even in a better position to be a partner for institutions when crypto goes mainstream. + +**Potential catalysts** + +* Monthly updates on Netcoins trading volumes +* Q1 earnings +* Approved regulated securities license from the Canadian Government (Applied 4 months ago) + +**Risks** + +* Downturn in the crypto market +* Not achieving growth targets for 2021 + +Please share both positive and critical opinions on this DD as I want to look at the company from different perspectives. + +My own position in the company is 2000 shares at 0.86. + + +I’m writing this up mostly for myself, but also to have a post so that when people ask questions when I frequent these forums I can just redirect them here. It is long. It starts slow. There will be typos. There will probably be continuity errors, but the basics are here. This is my real estate story, with real numbers. + +I'm not selling a system, promoting a book or a website. I don't podcast. I don't need more partners. This is just for reference. + +I’m in a town in Idaho with 50,000 people. It has never had the boom and bust of other towns. It just seems to plug along with inflation. I’m about 40 now, a white dude from a working class family. I did well in school, had full scholarships in engineering but hated it and bailed out for an easy business degree. In addition to scholarships I started 2 small businesses in college. One was in niche publishing. It paid the bills and we sold it shortly after graduation for a decent profit that cleared all debt and left me enough to build out my other business. The other business made great cash flow but didn’t build much value. I married young and started a job I loved that paid poorly in 2002. I ran the side hustle business for cash that supported my terrible career choice (think small nonprofit/government). I lived in a trailer in a rough park and made it work for a couple years. + +I got promoted at work after college graduation and made a real salary, roughly 25,000 a year. So wife and I found an off market property and bought a 2400 sq ft ranch home on a liar loan that was mostly converted to a duplex. I finished the conversion and rented out the basement and lived in the top before house hacking was a term. This was probably late 2003 to early 2004. I could not have afforded the house on my salary alone. Wife didn’t work too much. Mostly minimum wage, part time plus business book keeping. + +The economy was booming and my side business was doing well. We did custom woodworking for high end homes. Most of my customers were outfitting cabins and vacation homes and paid in cash in advance. My parents had purchased a commercial piece of bare ground in the 80s for 10K only to find out it was zoned wrong, not subdivided and generally not easily built on. I needed to expand the side hustle so I decided to try to build on it. + +I went to the city planning department and they held my hand through creating a subdivision (with 1 lot), getting it zoned and figuring out what I could build. I hired a GC to build the shell and he generously stayed on as GC on paper while I hired subs and did a bunch of work myself. The city inspectors were very kind and helped me avoid pitfalls by answering calls from this random kid who had no business doing this project. I ended up with a 3000sq ft commercial shop and just $55,000 in debt. My parents held the land under it and I paid them modest rent and covered taxes and liability. + +2007 rolled around and the building was mostly paid off. But business took a weird turn. Clients started inquiring about making payments, taking credit cards, leasing fixtures etc. I took a long look at the total economy and decided my business was on the margin where it would fail in a downturn. I also suffered a serious health crisis that no longer allowed me to be hands on in the business that was very manual. I couldn’t even supervise much and productivity plummeted. Fortunately, another local business toured the facility to make a copy of it and instead I convinced them to take over my building in a lease to own situation. They moved in with a hefty down payment that paid off the building. But unfortunately for them the economy crashed and they couldn’t get financed within their contract period. I kept their deposit and they just paid rent for 5 years. I shuttered my business before it started taking losses. + +I got divorced and that was a big reset button financially. Since she didn’t work much she kept the house so she would have somewhere to live that basically only cost utilities. My kids would have a stable home. The dogs could stay. In exchange I kept 100% of my pension, my interest in the commercial building, my clothes and my truck. She got literally everything else. All the cash, the house, 2 cars, furniture, appliances, investments, and 100% of her family business. She got the short term stuff, I got the long term stuff. + +Child support was now a big financial drive for me and the obvious move was to house hack, again. I had rented a few cheap places but I needed to lower my cost of living and simultaneously have somewhere nice enough to raise kids. So in my 30’s I moved back into my parents’ basement to save money and start over. My salary was probably mid to high 30’s. After basic living expenses, child support payments and taxes I was pretty tapped out. Yes, I did pull my financial weight at my parents. + +It was 2012 and I felt I had limited options, short of a career change. I ended up building a big spreadsheet of all the local HUD houses and essentially gamifying the auction system. I figured out pricing, price drops and how they accepted offers at each stage. I developed a rough formula for buying at the right time with the right offer and snatched a 3000sq ft ranch home that had been a duplex for 75K. My agent was shocked. It had started at 120K. This is no longer possible as the houses get snatched up at 95% of value. Post 2010 was a magical 5 years. + +It was ugly inside. It had water damage, mold, foundation issues, access issues and code violations galore. I had to re-pour floors, Jack it up and build a new load bearing wall, gut everything. I spent 2+ years and 50K fixing it up completely. Brand new everything from wiring to plumbing, doors and windows, floors and drawers. I had been doing 100% of the work but I did bring in a contractor to finish the basement because it just took too long alone. I rented out the top and was about to move into the basement when my newish GF suggested I already spent so much time at her house maybe I should just move in rather than move again in 6 months. She would probably dispute the tone of that conversation. But I stand by my version. + +I moved in and started splitting expenses with her while I refinanced the duplex into a 10 year loan including all rehab that I couldn’t afford out of pocket. My plan was to have a couple properties and supplement my pension with rentals and get out at 55. I also wanted the duplex to pay off as my daughter hit college. I called it her college fund. She could have the rents for 4 years. So I was into it 75+ 50 = 125ish. Current rents are 1450. 6 years left on the note. Current value is…200? It is probably more valuable when sold as a single family in the current market, luckily I planned for that and the build accommodates re-conversion easily. + +The new GF thought that the duplex thing was pretty cool. She saw my rent checks come in and had always had an interest in rentals but never had the finances or knowledge to get into them- like a lot of people. So we decided to partner up. We would use her immaculate credit, our combined savings, my skills and her organization to buy a couple rentals. My debt to income ratio wasn’t shot but my payment was big and my salary was modest. She had a low payment and high salary, she was a prime borrower. + +We shopped with a realtor but it took a while to pull the trigger on a turnkey duplex. We found a portfolio lender who would do 10% down and low reserve requirements. In June 2016 we bought a decent turnkey duplex for 125k. It rented for 1150. We put it on a 15 year note and it barely cash flowed. I think after water it was actually $50 negative. But we weren’t in it for cash flow we were targeting retirement at 45 and 50 respectively. After a few upgrades rents are 1300ish. We are into it 130k. + +The target was buying 1-2 per year for 5-10 years and retire at 50-55 on rental income. The math said we needed 12 doors to entirely support our expected retirement budget, while somewhat leveraged, based on the average of 2/1 units in our area. I wanted 17 because….I want a cabin some day. + +We continued to write offers and just barely miss out, mostly because of late offers on hot properties. We had the only realtor in the world who kept tanking our offers by encouraging us to offer less money. Properties at the time were finally climbing out of the 2008 hole and owners who had been underwater for years were selling. Many agents don’t understand rental formulas and were just pricing like a SFH based on sq footage and location. This led to some bonkers pricing for investors where there were bargains and dogs. We were routinely prepared to offer 10K+ over on a mispriced rental and our agent just hated that. We missed some very good deals that were priced incorrectly. + +We started going directly to listing agents and offering. Then one day we had 2 accepted at the same time. The GF had a panic attack but we did the math and we could afford them both, barely. They both cash flowed and we got bank approval. They both needed some work and with that forced appreciation we would be in a decent equity position quickly. + +After this the GF decided to get licensed. The commissions off of 1-2 sales per year would more than cover the costs and more importantly we would have speed on our side. Then a weird thing happened. The MLS kind of dried up. The pricing smoothed out and things all hit just below the 1% rule. Then a little worse. Then a little worse. Outside investor money flooded our market and it got very competitive. We kicked ourselves for missing out on a year of fantastic random pricing. 1.5% deals had slipped away. We were still on track for a 10 year plan though, so no problem. + +By this time our combined income had risen to around 130K, mostly due to the GF making good money at her healthcare job. We planned to keep acquiring properties that didn’t really cash flow but would cover their costs and pay off somewhat quickly, typically 15 years. Then we started to find more off market deals. + +I bought a house at a yard sale by asking “is the house sold yet?”. It was not sold. It had been vacant since 1985. The family had inherited multiple houses and had been updating them and selling them but they were out of gas. It was zoned to be converted to a triplex. We paid cash, private money. I spent a year converting it and now it is a very nice duplex by the university. Ultimately it was too small to triplex it and there were some variance issues but we worked through them. 75k purchase. 40k rehab and convert. Appraised for 175. Refinanced 120 back out. Rents are 1250. + +Then I bought a second SFH that was in foreclosure through a family lead and flipped it. Bought 125 sold after 62 days for 165, put $3000 and 3 weekends into it. It really just needed cleaned and painted. In the basement we removed a couple walls that made no sense and it became quite nice. + +Then another yard sale. It took almost a month to actually get with the owner. She named a fair price and we literally faxed her paperwork from a public library while we were driving through a small town on family vacation. It was a bit of a beater house. No functioning bath, smelled like cats, junk everywhere but it was on an acre zoned for high density multifamily and apartments were being platted around it. I took 3 months to clean it and convert it to a rental unit. We are going to sit on it and consider building at some point. It barely cash flows. Bought for 120. Put 5k into rehab. Residential Appraises for 180. Had an offer from a developer for 200 but I’m not at long term cap gains yet. Rents for 1150. + +Then we bought a duplex with owner financing from a ‘for sale’ sign the GF saw while out on a run. It is on a 20 year note at 4% fixed, no fees. We are into it 125k and it rents for 1250. I think we have $10,000 cash in the deal total with rehab. The 20 year note limits cash flow somewhat. + +Along the way the GF really started to do well as an agent. Friends and family were starting to use her. Colleagues used her. People realized she was investor friendly and starting investing with her since she could actually run realistic numbers. She is a straight shooter in a market full of shady characters. Listing after listing rolled in. We started to leave units empty in case buyers got in trouble between houses. We started letting tenants break leases in order to buy. We started marketing specifically to people who needed 6 months to a year to repair credit before buying. We would set them up with a banker who could optimize their recovery then they would buy. Bankers loved it and started to refer to her more. + +In 2019 we looked back and realized non-rental real estate income was some integer multiple of our salaries. She planned to leave her job to become a full time agent and property manager. Just before she left we got a call to buy 3 quad plexes in our target area. Ironically they were agent owned but again, kind of priced funny. She used her income to qualify for those before quitting. Now she has 2 years of agent income on taxes selling 30+ properties a year. No W2 necessary. Quads were renting for 450-600 per unit, probably 500 average. Purchased for 260 x 3. The numbers make no sense until we raised rents to 600-675. All will hit 650 minimum by December 2020. The location, decent condition and economies of scale in having fewer roofs, yards, driveways and water mains per unit make this our best work:dollar ratio property. Appraisals were north of 300 each. + +We reevaluated our strategy. If the deals in the pipeline were on 30 year notes we could cash flow enough to cover our living expenses, right away, not in 15 years. The new stuff went on 30 year notes and the cash flow went way up. The old 15 year notes would still pay off and boost income significantly right as we plan to cut back on work. The 30 year notes would help us get to the 15 year mark while dealing with ups and down in commissions. It was game on for retirement acceleration and portfolio expansion. We still have the option to pay things off aggressively, but for now we are building back up our reserves after a buying spree. + +2 weeks ago another investor called looking to sell his 6 unit portfolio for cash within 10 days. Do we know anyone? The price was right. We closed Friday. All private money short term that we will refi if we don’t resell in 6 months. It is likely we will sell 4 of the units at market rates to essentially subsidize the last one into a mega cash flowing asset. It also has a value add basement that I started working on yesterday. If I finish in 6 months if will refi nicely. 90k purchase. 30K rehab. 200K retail. Rents of 1700. + +Yesterday I got an offer on the most recent flip we listed as well. Although that money is earmarked for taxes. This flip was purchased through door knocking when I noticed a truck moving furniture out of a house on a pre-foreclosure property. 102 purchase. 15 rehab 10 financing and holding. 160 net after closing. We patched, painted, basic landcape, bathroom fixtures, kitchen cabinets and backsplash, new appliances, some electrical upgrades. + +So here I sit typing this up. What does the future hold in real estate? I’m not the r/accidentalfire guy who makes 60% annual returns. I find or create 1% deals in my home market. They cash flow modestly but we have expanded to flip income, agent income, rental management and doing my own contracting work. I don’t feel like I found the magic formula. I feel like I use the basic formulas and went big at the right time. We leveraged hard and took more than a few leaps of faith. There were times we were essentially out of money and probably shouldn’t have gone deeper, but we found more money and went deeper. People around us have seen what we have done in relatively short order and that has snowballed into more success. + +The portfolio today is 2.5millon give or take. Debt is 1.5 give or take. Notes are staggered with 6-30 years remaining. True cash flow after vacancy, capex, repairs but NOT management is 3500 a month. It will hit 5000 temporarily while we have short term interest only loans out. After the upcoming sell off we will drop to 2.0 portfolio and 1.0 debt. That is the amount of leverage I am comfortable with right now. + +Next we will use the total portfolio income to build up a cash war chest. I am exploring a commercial line of credit so we can stop using hard money to flip, which is our single biggest expense until the war chest is big enough. If the market cycles down we will go on another spending spree. If it continues to go up, we have enough to be totally happy. My own personal hedge fund. + +Side note: being a partner with your significant other is a real strain at times. I can’t suggest it to anyone. The business strain comes home every day. But, if she is a rock star it might be worth it. At this point I am a glorified handyman and door knocker. She keeps things moving and brings in the cash. + + +I’m writing this up mostly for myself, but also to have a post so that when people ask questions when I frequent these forums I can just redirect them here. It is long. It starts slow. There will be typos. There will probably be continuity errors, but the basics are here. This is my real estate story, with real numbers. + +I'm not selling a system, promoting a book or a website. I don't podcast. I don't need more partners. This is just for reference. + +I’m in a town in Idaho with 50,000 people. It has never had the boom and bust of other towns. It just seems to plug along with inflation. I’m about 40 now, a white dude from a working class family. I did well in school, had full scholarships in engineering but hated it and bailed out for an easy business degree. In addition to scholarships I started 2 small businesses in college. One was in niche publishing. It paid the bills and we sold it shortly after graduation for a decent profit that cleared all debt and left me enough to build out my other business. The other business made great cash flow but didn’t build much value. I married young and started a job I loved that paid poorly in 2002. I ran the side hustle business for cash that supported my terrible career choice (think small nonprofit/government). I lived in a trailer in a rough park and made it work for a couple years. + +I got promoted at work after college graduation and made a real salary, roughly 25,000 a year. So wife and I found an off market property and bought a 2400 sq ft ranch home on a liar loan that was mostly converted to a duplex. I finished the conversion and rented out the basement and lived in the top before house hacking was a term. This was probably late 2003 to early 2004. I could not have afforded the house on my salary alone. Wife didn’t work too much. Mostly minimum wage, part time plus business book keeping. + +The economy was booming and my side business was doing well. We did custom woodworking for high end homes. Most of my customers were outfitting cabins and vacation homes and paid in cash in advance. My parents had purchased a commercial piece of bare ground in the 80s for 10K only to find out it was zoned wrong, not subdivided and generally not easily built on. I needed to expand the side hustle so I decided to try to build on it. + +I went to the city planning department and they held my hand through creating a subdivision (with 1 lot), getting it zoned and figuring out what I could build. I hired a GC to build the shell and he generously stayed on as GC on paper while I hired subs and did a bunch of work myself. The city inspectors were very kind and helped me avoid pitfalls by answering calls from this random kid who had no business doing this project. I ended up with a 3000sq ft commercial shop and just $55,000 in debt. My parents held the land under it and I paid them modest rent and covered taxes and liability. + +2007 rolled around and the building was mostly paid off. But business took a weird turn. Clients started inquiring about making payments, taking credit cards, leasing fixtures etc. I took a long look at the total economy and decided my business was on the margin where it would fail in a downturn. I also suffered a serious health crisis that no longer allowed me to be hands on in the business that was very manual. I couldn’t even supervise much and productivity plummeted. Fortunately, another local business toured the facility to make a copy of it and instead I convinced them to take over my building in a lease to own situation. They moved in with a hefty down payment that paid off the building. But unfortunately for them the economy crashed and they couldn’t get financed within their contract period. I kept their deposit and they just paid rent for 5 years. I shuttered my business before it started taking losses. + +I got divorced and that was a big reset button financially. Since she didn’t work much she kept the house so she would have somewhere to live that basically only cost utilities. My kids would have a stable home. The dogs could stay. In exchange I kept 100% of my pension, my interest in the commercial building, my clothes and my truck. She got literally everything else. All the cash, the house, 2 cars, furniture, appliances, investments, and 100% of her family business. She got the short term stuff, I got the long term stuff. + +Child support was now a big financial drive for me and the obvious move was to house hack, again. I had rented a few cheap places but I needed to lower my cost of living and simultaneously have somewhere nice enough to raise kids. So in my 30’s I moved back into my parents’ basement to save money and start over. My salary was probably mid to high 30’s. After basic living expenses, child support payments and taxes I was pretty tapped out. Yes, I did pull my financial weight at my parents. + +It was 2012 and I felt I had limited options, short of a career change. I ended up building a big spreadsheet of all the local HUD houses and essentially gamifying the auction system. I figured out pricing, price drops and how they accepted offers at each stage. I developed a rough formula for buying at the right time with the right offer and snatched a 3000sq ft ranch home that had been a duplex for 75K. My agent was shocked. It had started at 120K. This is no longer possible as the houses get snatched up at 95% of value. Post 2010 was a magical 5 years. + +It was ugly inside. It had water damage, mold, foundation issues, access issues and code violations galore. I had to re-pour floors, Jack it up and build a new load bearing wall, gut everything. I spent 2+ years and 50K fixing it up completely. Brand new everything from wiring to plumbing, doors and windows, floors and drawers. I had been doing 100% of the work but I did bring in a contractor to finish the basement because it just took too long alone. I rented out the top and was about to move into the basement when my newish GF suggested I already spent so much time at her house maybe I should just move in rather than move again in 6 months. She would probably dispute the tone of that conversation. But I stand by my version. + +I moved in and started splitting expenses with her while I refinanced the duplex into a 10 year loan including all rehab that I couldn’t afford out of pocket. My plan was to have a couple properties and supplement my pension with rentals and get out at 55. I also wanted the duplex to pay off as my daughter hit college. I called it her college fund. She could have the rents for 4 years. So I was into it 75+ 50 = 125ish. Current rents are 1450. 6 years left on the note. Current value is…200? It is probably more valuable when sold as a single family in the current market, luckily I planned for that and the build accommodates re-conversion easily. + +The new GF thought that the duplex thing was pretty cool. She saw my rent checks come in and had always had an interest in rentals but never had the finances or knowledge to get into them- like a lot of people. So we decided to partner up. We would use her immaculate credit, our combined savings, my skills and her organization to buy a couple rentals. My debt to income ratio wasn’t shot but my payment was big and my salary was modest. She had a low payment and high salary, she was a prime borrower. + +We shopped with a realtor but it took a while to pull the trigger on a turnkey duplex. We found a portfolio lender who would do 10% down and low reserve requirements. In June 2016 we bought a decent turnkey duplex for 125k. It rented for 1150. We put it on a 15 year note and it barely cash flowed. I think after water it was actually $50 negative. But we weren’t in it for cash flow we were targeting retirement at 45 and 50 respectively. After a few upgrades rents are 1300ish. We are into it 130k. + +The target was buying 1-2 per year for 5-10 years and retire at 50-55 on rental income. The math said we needed 12 doors to entirely support our expected retirement budget, while somewhat leveraged, based on the average of 2/1 units in our area. I wanted 17 because….I want a cabin some day. + +We continued to write offers and just barely miss out, mostly because of late offers on hot properties. We had the only realtor in the world who kept tanking our offers by encouraging us to offer less money. Properties at the time were finally climbing out of the 2008 hole and owners who had been underwater for years were selling. Many agents don’t understand rental formulas and were just pricing like a SFH based on sq footage and location. This led to some bonkers pricing for investors where there were bargains and dogs. We were routinely prepared to offer 10K+ over on a mispriced rental and our agent just hated that. We missed some very good deals that were priced incorrectly. + +We started going directly to listing agents and offering. Then one day we had 2 accepted at the same time. The GF had a panic attack but we did the math and we could afford them both, barely. They both cash flowed and we got bank approval. They both needed some work and with that forced appreciation we would be in a decent equity position quickly. + +After this the GF decided to get licensed. The commissions off of 1-2 sales per year would more than cover the costs and more importantly we would have speed on our side. Then a weird thing happened. The MLS kind of dried up. The pricing smoothed out and things all hit just below the 1% rule. Then a little worse. Then a little worse. Outside investor money flooded our market and it got very competitive. We kicked ourselves for missing out on a year of fantastic random pricing. 1.5% deals had slipped away. We were still on track for a 10 year plan though, so no problem. + +By this time our combined income had risen to around 130K, mostly due to the GF making good money at her healthcare job. We planned to keep acquiring properties that didn’t really cash flow but would cover their costs and pay off somewhat quickly, typically 15 years. Then we started to find more off market deals. + +I bought a house at a yard sale by asking “is the house sold yet?”. It was not sold. It had been vacant since 1985. The family had inherited multiple houses and had been updating them and selling them but they were out of gas. It was zoned to be converted to a triplex. We paid cash, private money. I spent a year converting it and now it is a very nice duplex by the university. Ultimately it was too small to triplex it and there were some variance issues but we worked through them. 75k purchase. 40k rehab and convert. Appraised for 175. Refinanced 120 back out. Rents are 1250. + +Then I bought a second SFH that was in foreclosure through a family lead and flipped it. Bought 125 sold after 62 days for 165, put $3000 and 3 weekends into it. It really just needed cleaned and painted. In the basement we removed a couple walls that made no sense and it became quite nice. + +Then another yard sale. It took almost a month to actually get with the owner. She named a fair price and we literally faxed her paperwork from a public library while we were driving through a small town on family vacation. It was a bit of a beater house. No functioning bath, smelled like cats, junk everywhere but it was on an acre zoned for high density multifamily and apartments were being platted around it. I took 3 months to clean it and convert it to a rental unit. We are going to sit on it and consider building at some point. It barely cash flows. Bought for 120. Put 5k into rehab. Residential Appraises for 180. Had an offer from a developer for 200 but I’m not at long term cap gains yet. Rents for 1150. + +Then we bought a duplex with owner financing from a ‘for sale’ sign the GF saw while out on a run. It is on a 20 year note at 4% fixed, no fees. We are into it 125k and it rents for 1250. I think we have $10,000 cash in the deal total with rehab. The 20 year note limits cash flow somewhat. + +Along the way the GF really started to do well as an agent. Friends and family were starting to use her. Colleagues used her. People realized she was investor friendly and starting investing with her since she could actually run realistic numbers. She is a straight shooter in a market full of shady characters. Listing after listing rolled in. We started to leave units empty in case buyers got in trouble between houses. We started letting tenants break leases in order to buy. We started marketing specifically to people who needed 6 months to a year to repair credit before buying. We would set them up with a banker who could optimize their recovery then they would buy. Bankers loved it and started to refer to her more. + +In 2019 we looked back and realized non-rental real estate income was some integer multiple of our salaries. She planned to leave her job to become a full time agent and property manager. Just before she left we got a call to buy 3 quad plexes in our target area. Ironically they were agent owned but again, kind of priced funny. She used her income to qualify for those before quitting. Now she has 2 years of agent income on taxes selling 30+ properties a year. No W2 necessary. Quads were renting for 450-600 per unit, probably 500 average. Purchased for 260 x 3. The numbers make no sense until we raised rents to 600-675. All will hit 650 minimum by December 2020. The location, decent condition and economies of scale in having fewer roofs, yards, driveways and water mains per unit make this our best work:dollar ratio property. Appraisals were north of 300 each. + +We reevaluated our strategy. If the deals in the pipeline were on 30 year notes we could cash flow enough to cover our living expenses, right away, not in 15 years. The new stuff went on 30 year notes and the cash flow went way up. The old 15 year notes would still pay off and boost income significantly right as we plan to cut back on work. The 30 year notes would help us get to the 15 year mark while dealing with ups and down in commissions. It was game on for retirement acceleration and portfolio expansion. We still have the option to pay things off aggressively, but for now we are building back up our reserves after a buying spree. + +2 weeks ago another investor called looking to sell his 6 unit portfolio for cash within 10 days. Do we know anyone? The price was right. We closed Friday. All private money short term that we will refi if we don’t resell in 6 months. It is likely we will sell 4 of the units at market rates to essentially subsidize the last one into a mega cash flowing asset. It also has a value add basement that I started working on yesterday. If I finish in 6 months if will refi nicely. 90k purchase. 30K rehab. 200K retail. Rents of 1700. + +Yesterday I got an offer on the most recent flip we listed as well. Although that money is earmarked for taxes. This flip was purchased through door knocking when I noticed a truck moving furniture out of a house on a pre-foreclosure property. 102 purchase. 15 rehab 10 financing and holding. 160 net after closing. We patched, painted, basic landcape, bathroom fixtures, kitchen cabinets and backsplash, new appliances, some electrical upgrades. + +So here I sit typing this up. What does the future hold in real estate? I’m not the r/accidentalfire guy who makes 60% annual returns. I find or create 1% deals in my home market. They cash flow modestly but we have expanded to flip income, agent income, rental management and doing my own contracting work. I don’t feel like I found the magic formula. I feel like I use the basic formulas and went big at the right time. We leveraged hard and took more than a few leaps of faith. There were times we were essentially out of money and probably shouldn’t have gone deeper, but we found more money and went deeper. People around us have seen what we have done in relatively short order and that has snowballed into more success. + +The portfolio today is 2.5millon give or take. Debt is 1.5 give or take. Notes are staggered with 6-30 years remaining. True cash flow after vacancy, capex, repairs but NOT management is 3500 a month. It will hit 5000 temporarily while we have short term interest only loans out. After the upcoming sell off we will drop to 2.0 portfolio and 1.0 debt. That is the amount of leverage I am comfortable with right now. + +Next we will use the total portfolio income to build up a cash war chest. I am exploring a commercial line of credit so we can stop using hard money to flip, which is our single biggest expense until the war chest is big enough. If the market cycles down we will go on another spending spree. If it continues to go up, we have enough to be totally happy. My own personal hedge fund. + +Side note: being a partner with your significant other is a real strain at times. I can’t suggest it to anyone. The business strain comes home every day. But, if she is a rock star it might be worth it. At this point I am a glorified handyman and door knocker. She keeps things moving and brings in the cash. +Does pursuing FatFire bring anyone more joy than actually spending the money? + +For context, I’m early 30s, married with one child in LCOL, very stable dual income household bringing in about 1.5M/yr, on track for fatfire in about 5y. Excellent work/life balance and generally a very happy person. Most of my hobbies are entirely free or extremely cheap. As a household we only spend 13% of our pre-tax income. + +The only hobbies I have that I could really spend money on are skiing and cars. I feel fine about spending 1-2k on a weekend ski vacation, and I bought myself a fun 10k car. I do now genuinely want a used 60-70k range rover (sport SVR) and spend a lot of time shopping around and thinking about buying one. But when I get close to pulling the trigger the thought of spending all that on a car is not fun for me, and I worry I won’t enjoy it. The added stress of any maintenance costs keeps from just doing it, and I end up buying more ETFs instead. That feels more responsible and I feel good about doing that when I look at my financial trajectory. + +Does anyone else have this problem? +Moral of the story: Only big developers have the bankroll to navigate the bureaucracy. + +TL;DR. After two years and $80k wasted, city council rejected our application for the usual BS reasons. + +If you have ever watched the YouTube doucmentary about the property owner of a laundromat in SF who tries to build housing, my experience feels similar but not as crazy obviously. If you haven't seen it I highly recommend it. + +So two years ago we began the process to try and combine two adjacent 50x110 lots and build townhouses in a medium sized city. + +The community consultation process that the city undertook two years prior had resulted in a majority agreement that higher density was wanted in the neighborhood. + +The neighborhood's proposed-but-not-officially-adopted OCP allowed for up to 4-storey medium density attached housing, so we were confident that our small project would move forward smoothly. + +One thing that the left coast does is tightly control zoning so that 99% of developments have to apply for spot rezoning to move forward. The cities are *loathe* to grant higher land values through density to existing property owners without taxing the unrealized profit. + +The economics of new construction also typically require higher density than any zoning allows. Again, this forces developers to negotiate with cities on how much of the land lift they have to give to the cities as a community contribution. For a 12-storey building it will be at least $1,000,000 that must be paid up-front before the building permit can be approved. + +So we worked with our architect to start the rezoning process. Drawings, surveys, arborist reports, traffic reports, water, sewer, engineering reports, renderings, and legal fees all cost us about $80,000. + +We finally submitted our rezoning application and there was another 6-months of added requirements and back-and-forth with the planning department. + +Two years after starting the process we got our public hearing and presentation in front of city council for our rezoning application. All mini hearings up to that point had green lit our plans. + +At the hearing, our architect presented the project to public and council. Four members from the public spoke against the project. They complained of increased traffic, parking, and shadows. They said it doesn't fit in with the neighborhood character. + +As is usually the case, zero citizens took time out of their evening to come and speak in support. + +Council agreed with the complainers, and also asked many questions about how much money we would give the city to do this project (policy at the time of submission didn't require us to give anything, and the low profit margin on a small development did not allow for additional $ contributions). + +As you can guess, after two years and $80,000 of unrecoverable costs, council, in 1-hour, rejected our application, sending us and our team reeling in disbelief. + +We are not sure what to do now. If we try to resubmit it will cost probably another $25,000 up front, and also an additional commitment to give $50,000+ to the city before even getting a building permit. That's all with no guarantee we would even be approved. + +And if we were approved we would be looking at approximately 18-months and another $150,000 in unrecoverable fees, hearings, variances, re-designs, loan fees, etc, before we have even spent a dollar on materials or labour. These amounts cannot be mortgaged either. + +Then after spending 10-13% interest on a multi-million dollar construction loan, if we are lucky, we can sell the units and maybe clear a small profit. If the market weakens and we cannot sell all the units, we lose everything. + +So if anyone wonders why housing is so expensive on the West Coast, think about our story trying to build a meager 8-units and how many developers straight up refuse to risk development in a broken system. + +Edit: spelling. Also happy to answer any questions about the process. +Sorry I don’t know how to link the original post. + +So I met with a financial advisor today for two hours. I explained everything to him and he crunched the numbers for me. And of course the answer is NO, do not do this! He gave me the data in black and white and even colored charts and I could easily see cashing out the ESOP was never a good idea. + +Even if I extended my retirement age and saved more monthly I would still lose over $300k over time ( which I know many of you pointed out). I will be putting this money into an IRA. + +Thanks to everyone for their helpful advice on my previous post. Again I have been blissfully unaware of how all of this works and never even paid attention to the money in my ESOP or thought about retirement. I have learned a lot and feel like I am better prepared for my future. + +I let my boyfriend know my decision and he told me to do what’s best and that he trusts me and didn’t want me to make a huge financial mistake. +What do you guys think about MO. Is the high dividend yield sustainable in the long-term? Im trying to diversify my portfolio into safe and growing dividend stocks so i can buy back my time. Thank you guys for keeping me on track with my goals. +I live in an area where it's not that common, culturally speaking, to charge your sons and daughters rent, and those who do are expected to be in the most dire of straits. If they're not, they're seen as greedy. The justification is that you made it this long paying for their necessities, and now that they're working and likely buying their own food, clothes, etc, you're technically saving money, so it's seen as unnecessary. + +Just curious what some other areas think of this situation. +Hi everyone, while going over transactions in preparation for filing my taxes, I noticed quite a large charge on my business checking from Wendy’s. I thought I must have bought lunch for my crew, but then it struck me as odd that the amount was $70 even. So I checked the account for all Wendy’s transactions, and it looks like someone had been charging my card at Wendy’s for a total of $2,214 from April 2019 - Aug 2019. Now to my actual question. What the heck can I do about it now? I bank with BofA (I know, I know...) and the transactions are now old. Do I have any recourse whatsoever? Thanks everyone for your feedback. + +Edit: Mint was classifying payments made via CashApp to a worker (Wendy), as Fast Food at Wendy’s. 🤦🏼‍♂️ +Why Nifty PE Ratio Suddenly dropped in April 2021? + + +Currently nifty is nearly on same level as it was in February 2021 (PE Ratio was 41.23) then how come in April 2021 nifty decreased to 32.72 suddenly? + + +Only logic I can think of new earnings report of companies comes at the end of quarter so PE adjust according to it but then this sudden drop of PE should happening every Year in April which is not the case. +Another Update--I have been paying $2,400 on the loan every month. Things have been going great so far. At this rate, it will take a little under 3 years. + +UPDATE- I was able to secure a loan for the total amount owed at 3%. Will have it paid off in about 3-4 years. I appreciate all the help, it has pushed me to figure this out and I learned my lesson with credit cards. + +Well, the title says it all, due to me being young and stupid, I have about 77k in credit card debt. I am a truck driver and I gross about 3-4,500$ a week. After fuel and expenses with my truck,, I probably take home between 1500-2000k a week depending on the workload. I have just been stupid with money and some very big repairs that I ended up putting on my credit cards because they had 0% interest for awhile. Work was very busy until some plants got shutdown so I went from making steady 5,500k a week to more like 3,500. And I kept spending money as if i was making the big amount. Anyways, my debt is + +Chase freedom buisness---45k$ min1,200$ int 20% +Chase freedom personal---13k$ min 450$ int 25% +Bank of America----------------11,500$ min 430$ +Discover-----------------------------3,500$ +Amazon------------------------------4,200$ +Amex----------------------------------2,700$ + +My bills +Car. 330$ +Semi truck loan 1,000$ +John deere zero turn and trailer 300$ +Insurance for personal- 200$ +Insurance for semi truck-500$ +Rent--free for now +Electricity,Water--‐-‐---------240$ +Misc------‐-------------------------200$ +Food---? + + +I use to spend about 25-30$ a day in food while I work but I have cut out all my road food and now pack a lunch. +We also use to eat out about once a day for one of the meals. We have cut that out as well. + +I sold my new pickup I got before I accrued this debt so that saved about 1,500$ a month including insurance. +We also moved to a new place and since we put so much work into the place, the owner said we would get free rent for awhile since he lives across the country. So that saves us 500$ a month. + +Its my wife and I and our 2 year old and we also are the guardian of a 9 year old for the foreseeable future. + +I am only 23 and as you can see I am just plain stupid. Please don't be rude because I know I am the dumbest person alive. Thank you in advance for any help! + +EDIT>>> My wife doesn't work, she goes to a local college and was getting her basics but I told her to finish this semester and wait until our kid gets in pre-k before we decide what she can do. I mentioned in a reply that last year the business made 500k, that was with 2 trucks, I have a partner in the business. Out of 290k I grossed, I spent 90k in fuel. Then there was repairs and whatnot. This year is substantially less, I am making probably half that. I have canceled my subscription services which saved about 150$ a month. +Welcome to the Daily General Discussion thread of /r/EthTrader. + +Find the latest Daily Altcoin Discussion thread by selecting the top result on this [search page](https://www.reddit.com/r/ethtrader/search?q=Daily+Altcoin+Discussion&include_over_18=on&restrict_sr=on&t=all&sort=new). + +*** + +The thread guidelines are as follows: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- If the top page becomes overloaded with memes, all but the top two voted may be removed. If we need to remove a bunch of memes from the top page, post memes in this thread first and upvote the best so the mods know which ones to keep + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Yesterday's thread on how many FatFIRE folks don't set out to be FatFIRE had me thinking that many of us likely feel like outsiders among other wealthy folks, or we don't adjust to a wealthy lifestyle. + +So what is a luxury that you see others spend huge amounts on that you still just don't understand? + +For me it's long multi-month cruises that cost north of $70K a person...I can hardly imagine a worse fate. +Im 26 years old and our family is selling our business. Once the sale is complete, I will have roughly $2m and will be making roughly $250k per year for the next 5 years. After that I have the option to stay with the company or leave it. Unfortunately I dont own a house and my rent is $2k per month. I live in a region where a solid single family residence is $1.3m minimum. Basically Im considering my options going forward as what to do with the money. Any ideas would be appreciated. I have considered buying multiple homes and renting them out, paying cash for my own home, investing a part of it etc. Any advise from anyone who has dealt with something similar would be appreciated. +It's world known that the U.S government is one of the most powerful and questionable governments in the world and they squeeze the U.S citizens for every cent that they can, and if you so happen to find a way around that chokehold they have on you, they just implement even worse laws to regain control of your assets. + +We onlook from our own countries hoping that you muster enough votes to stand against these destructive laws and keep your rights as investors and crypto traders. + +The Crypto world is feeling your pain and we stand with you against the "big brother" tyranny of your government. Stay strong and work hard against these chains they want to put around your digital assets. + + +Lots of love and tendies from across the pond ❤ + + + +Edit - To clarify, this isn't a "high horse post" because believe me, my government isn't any better. This is a post to tell the American investors that we stand with you and watch in anticipation, we disagree that your government is trying to violate your rights as investors and we understand that the standards that they set will surely effect the rest of the world. +Remember your money, your choices. + +Even more love and tendies coming your way America ❤ +My wife and I have been searching for a property in Western Sydney since the start of this year and have been outbid by someone else in 4 other properties that we liked. We were getting frustrated and FOMO was very real. + +Last week, as usual, we went to a Saturday open house. It was a 1980s built, well maintained 550sqmts house in the not so great side of Quakers Hill. We had a quick chat with the neighbours, The Karen next door acted as if we asked her property for free. On the other side was a nice family, and they said they had a break and entry last year but otherwise there is nothing wrong. We initially offered 925k and went up to 940k, which was accepted by the Real estate agent. Surprisingly, we weren't elated, nor happy. The break and entry and overall feel of the community was weighing in. We were just buying the house because we don't have one. + +The real estate agent asked us to sign the contract at 5.30 the same day. I called my mortgage broker to ask him his opinion. He told us not to sign the document till he or a solicitor reviews the contract. I agreed and told the REA that I can sign the contract on Monday. The REA said that until the contract is signed, the house wasn't ours and it was open for negotiations. + +Later that day, my Solicitor gave a green signal and sent a mail to the REA for some details. The REA sent me a message saying that the house was sold to some one else who was ready to sign the contract that day. + +Instead of feeling sad or dejected, we were very happy to lose the property. The FOMO and stress is gone. I feel as if a massive weight on our shoulders has been lifted. + +PS: Mods, please feel free to delete if it is not relevant. +I’ve seen confusion and concern about comments at the shareholder meeting around the Board having not made any final decisions on the stock split and that they will analyze market conditions to determine when, and if, a stock split is really in the best interest of the shareholders. + +I wanted to weigh in from my perspective as a securities lawyer who has advised public companies on communication to the public. This is not legal advice or financial advice. + +First off, if the Board had made a decision approving a stock split by way of dividend, then that requires an immediate press release. + +Secondly, based on what I’ve seen from the SEC and my own common sense, if I were advising GME, I would be very careful to run absolutely everything by the book. Anything that’s done off-side could be used against them particularly if it directly or indirectly can be seen to cause a market affecting event (MOASS). Not only that, but you can rest assured that any issues the SEC has or alleges with GameStop would be blasted across the media. + +So, at the meeting, could they have said “the Board intends to approve a stock split/stock dividend after the meeting”? + +Would that impact an investor’s decision as to whether to buy or sell shares? Given the run up when the share increase amendment and related potential stock split was announced, the answer is yes. + +So can a public company disclose material information to a portion of their shareholders in a private setting without disclosing that information to the public by way of a press release or similar public filing? No. + +So how do you deal with this then? + +You do exactly what the GC at the meeting did. + +You say that the Board will make decisions in the best interests of the shareholders (as is their duty) and confirm that the stock split has not yet been approved (which is accurate). + +It does not mean the stock split won’t be approved. It does not invalidate prior public disclosure about the board’s intent to approve the stock split after a favorable vote to increase the issuable number of shares. It does provide defensible disclosure in a private setting about a material matter. It does ensure that if the stock runs (as it has had 10% swings practically daily for the past few weeks), it won’t be as a result of an off handed comment about a stock split that is offside securities laws disclosure requirements for public companies. It does temper expectations that the stock split will be announced tomorrow (which it could be, but the Board needs to be strategic with such a big move). + +TL;DR: The response was appropriate and does not mean the Board has changed their intent around approving the stock split by way of share dividend. +Hey guys, I'm looking to move out ASAP + +Life at home isn't great and I just want to get away. + +I just started a commerce degree at Melbourne Uni and have roughly $10000 saved up. I understand that moving out is not the most financially sustainable decision. + +I already receive Centrelink youth allowance at roughly $266 per fortnight. If I move out I'll get around $500 which should help a lot with rent. I don't have a job yet but plan to get one. + +Question is what is the amount of rent per week that I should be aiming for so that I can still save money on top of bills, food, etc. +Lets assume some stuff first: + + +* You are in your mid 20s, you never get sick, your last bed-ridden desease was a fever in 2012. And yes, accidents may happen but also, you only get the eventual flu and never lasts more than a couple of days. You are a goddamn tank in terms of health. +* Your only "luxurious" need is internet to work from home. +* You only need a roof, a bed, and just enough food to prevent you from dying of starvation. +* You don't need to socialize at all, you have proven that you can live without physical human contact for years, unless is necessary (workplace). +* You don't need a car or even public transportation if you can walk to purchase only the necessary for survival. +I've seen a few questions asking if investors should sell their stocks and move them into Treasury Bonds or a Money Market Account. The answer is NO. + +Markets will always go up in the long term. Dips, corrections and crashes are unavoidable, unpredictable and won't hurt you in the long run. Just hold onto your investments and wait it out. + +The only way you can lose money when the market is down is if you sell. If you hold (or buy if you have cash to invest) you will make money in the long run. + +Edit: You all got me! I wrote this post to stop people from selling so that my own portfolio wouldn't lose value. As you all know the best way to manipulate the global equity market is to write a post on Reddit. +Hi everybody, I hope you are well. + +I've been value investing for about a year now and it has been paying off well (but I guess the whole market has). I thought of myself as a long-term investor. My original strategy was to find value stocks put my money in and then not worry about them for 5 years. But I've noticed many of my picks have passed my original fair value, so I've re-done some DCF on a few of them and they're coming up overvalued. With everything going on right now I'm not rushing into selling them or anything, but it has made me start to consider establishing an exit strategy rather than just the 'set and forget forever' mentality. + +How do you determine your exit strategy? Do you re-evaluate every quarter/year and sell if it is getting overvalued and move that money somewhere else? Do you hold for a specific amount of time regardless? Thank you in advance for your guidance & help. +In through the nose, out through the mouth. Deep breaths now, you got this. You didn’t spend all those hours on the shitter reading DD to turn into a pack of jibbering conspiracy theorists at this point in the game. You owe it to yourself to get alllll your shit in a bag and fucking compose yourself. You think Ryan Cohen is looking at this sub with pride in his eyes right now? Fuck no he isn’t, and you know the worst part....He’s not even Angry, He’s just Dissapointed! + +Wash the conspiracy theories out of your ears. Take a step back. Compose yourself. +Follow the example of Greater Apes. +You’ll be alright 👊🏼 + +Edit: For everyone saying Rensole and Warden shouldn’t be mentioned in the same capacity as DFV and Burry. Seriously go fuck yourselves, I guarantee those two have spoon fed you more valuable info over the past few months and put more wrinkles on those smooth brains than DFV or Burry have directly. Easiest way to spot a shill?Look for users trying to force a wedge into a community by hyping some people up and putting others down. Hopefully the mods see that in some of the comments below 👍🏼 + +Edit 2: This post made a lot of people happy. Good apes, good shills or bad shills, I’ll never know. But I do know one thing, 💎 🙌 🚀 🌝. + +Edit 3: You guys do know this was just a thought I wrote down while sitting on the shitter at work? Calm down, also hello fellow Reddit Reader Poopers. Enjoy your #2 +Hi, + +I’m not an economist, however, I’m writing a final paper on implementation of universal healthcare and a large component of this is economically driven. I have a TON, relatively speaking (~37 peer reviewed studies, books or chapters of books, and other trustworthy (as one can get at least) sources) of recent (newer than 15 years) economic studies, literature reviews, etc. and most conclude some favorable findings for universal healthcare. While economics is certainly not the only avenue I explore, I am having trouble finding any legitimate studies that conclude non-favorable economic findings on the subject. I understand bias etc., but it seems I cannot find any concrete numbers to back up some of the common criticisms of such a system. Any search techniques (besides typing in “Fox News” or “The blaze”) or noteworthy studies to look at? I understand it’s not all economic, but my other talking points do have counter-evidence, I just cannot find any on this avenue (hooray, I suppose?). Thanks. +Throwaway for obvious reasons + +I don't know where else on Reddit to ask this but I feel this is as appropriate as it gets. I know this question is unorthodox but I have a lot of trust in this community to engage with my question in good faith. + +I live in a moderately influential western country (not the US) with a general election due in the next few years. I'm considering embarking on a political career and seeking a nomination from my preferred party to stand for election to our equivalent of the house of representatives. I have already started planting the seeds of this within my personal network. + +I have had a successful, but otherwise low-profile, white collar career and have grown my personal wealth to the point that money is no longer my primary motivator. I now wish to move into politics as I believe this would be more personally fulfilling than either my current career or (very) early retirement. I want to make it clear am not an idealist who wishes to rock the boat but rather a pragmatist who understands the complex reality of any political position. My long term goal, if successful would be to work my way up to one of the senior public offices of the country. + +While this an ambitious goal, I am an ambitious person. That being said I am still weighing the pros and cons of fully committing myself to what will be a very long and difficult undertaking that will most likely invade every aspect of my life both public and private. While I am aware on a conscious level that if successful many doors will close to me and parts of my life will change forever, I'm not sure if the real weight of that has actually hit me yet. + +I was wondering if anyone has any insight into a career like this that an outsider might have overlooked, drawing from their experience either from US politics or abroad. Are there any pros and cons most people don't consider, anything I might not taking into account, or any general advice? + +Thank you +A company spokesperson stated that the decision is a result of the bank's ongoing evaluations of the costs and benefits of serving different industries. This decision follows a statement from Wells Fargo last year that WFC had begun limiting credit exposure to the private prison industry and had ceased actively marketing to that sector. + +&#x200B; + +US banks in 2018, including Bank of America and Wells Fargo, raised approximately 1.8 billion in debt for 3 deals for GEO Group and CoreCivic; 2 major private prison operators. + +&#x200B; + +[https://www.reuters.com/article/us-jp-morgan-prisons/jpmorgan-backs-away-from-private-prison-finance-idUSKCN1QM1LE](https://www.reuters.com/article/us-jp-morgan-prisons/jpmorgan-backs-away-from-private-prison-finance-idUSKCN1QM1LE) +If the housing market works, then supply should meet demand - yet people are extremely unsatisfied with the housing market. It's much harder to buy a house than it used to be, many people feel they are paying too much of their income on rent, and many leave home later than they otherwise would. (I'm thinking here about the UK but I'm pretty sure this also applies to the US and maybe other countries). + +Does this mean there is a great deal of unmet demand? Is housing truly a competitive market? Is more money extracted from the average unit of private sector housing in rent and/or the sale price than the cost of producing that unit and if so, how come competitors don't enter the market to drive economic profit back down? +I've been working on a project that involves implementing blockchain within banks and the one limitation that is stopping major adoption is that the information broadcast on blockchains is fully public. Some people may think that something like ZKSnarks can solve this issue, and on a very small level it can, but the issue with ZKSnarks is that once it is implemented, you can't run computation on the larger data set without having some centralized authority know the data. Enigma provides a solution to this. It allows the privatization of data (like your financial data) while simultaneously allowing the company (or 3rd parties if they pay the owner/owners) to run computation off of that data set. This means that companies can draw conclusions, run correlations, etc. on encrypted and completely private data. The utility of the token is for staking (deposits) and to pay for data/the cost of running computation off of data. I feel like people should seriously be looking into this coin as I believe it is essential for future adoption of blockchain tech and cryptocurrencies at large. + The Gamehub is a Metaverse solution linking DeFi, NFTs, Gaming, and P2E 👾 + +&#x200B; + + • The first Game platorm where YOU can be the $HOUSE 🏠: earn perpetual passive income earnings + +&#x200B; + +🔹 Bitracing P2E racing game + +&#x200B; + + 🔹Grand Theft Crypto P2E + +&#x200B; + + 🔹NFT Marketplace: Use $HOUSE to exchange NFTs and perform in Games + +&#x200B; + + 🔹All-in-one + +&#x200B; + + Own your game 🎮 + +&#x200B; + + Powered by Infinite Ecosystem ♾ + +&#x200B; + + To have a guaranteed allocation, hold at least 2 $INFINITY tokens, or participate in WL contest. Check + out [t.me/InfiniteTG](https://t.me/InfiniteTG) to know more. + +&#x200B; + + Otherwise, visit the GameHub's channel and participate in the WL contest. + +&#x200B; + + ⚙️Telegram: [https://t.me/thisisgamehub](https://t.me/thisisgamehub) + +&#x200B; + + ⚙️Website: [thegamehub.info](https://thegamehub.info) + +&#x200B; + + Favourable tokenomics aim to make your investment ‘turn to gold’ on an initial journey towards a 1 + cent token and ‘beyond’. The long and short of it is to create a sustainable project that has tangible + financial benefits to all investors. + +&#x200B; + + We believe a combination of our vast marketing knowledge and engaging our investors from launch + will grow this ground breaking token to levels never seen before in the DeFi space. + +&#x200B; + + “I would like to die on Mars. Just not on impact.” - Elon Musk. + + [l](https://i.imgur.com/MgJwd1c.jpg) +Ive had the same tenants in my property for the last four years at the same rate. They have not missed a single month in that time frame. My rents are probably 150/200$ cheaper than most comps in the area for a 2bedroom unit. My issue obviously over the last 4 years my taxes have increase and who doesnt wanna get more rent if the market calls for it. + +Is it worth causing an issue with a good renter over 100$? Or do i owe it to myself to better my business and move forward with a reasonable +Increase. Whats the best way to handle this situation? + +Edit 1 : (current rent is 1000$) +Edit 2: Location is Rhode Island +I see posts with people my age (\~25) on 90k+/year and at least 100k saved or getting consequential inheritances. I'm 24, from a poor family that lives overseas, so on my own, well with my partner. I'm on 65k working ridiculous hours (but love my job), 10k saved. + +Not studying, just working, spending time with partner, playing WoW, sleeping. I do want to start my own business or buy an investment property at some point but idk I feel like I'm so behind on people my age. + +I'm sure a lot of people are exaggerating on their posts or even talking shit but I'm also sure some of them are true +I think that is a great number at my age (31, started working 26), but it is mostly there because **my living costs were 50% of what I projected based from prior years**. I haven't had holidays or expensive certificates in May. The dividend income is [not high](https://monosnap.com/file/Ekp3TxnQF1j9acbnrCjctonSqw2BLO), but as I live in a part of Europe with lower expenses (and salary), it's good enough. I need to finalize buying real estate before pouring more money into dividend stocks (this was the first month after a long time when I did not buy a single dividend stock). + +It's the [7th positive month](https://monosnap.com/file/6YO00ZcpD9GXFCw0Xreh0n7IBj1Yew) in a row, so I am expecting some negative months in soon future :) It can't just grow, right? Comparing to SP500, my portfolio is currently [doing better](https://monosnap.com/file/aekKQxvd9golYmCI2ylxtA3ZPnOFwX), but not significantly better (what would I expect from a 70 stock portfolio, right? :D ) + +In regards to [market value](https://monosnap.com/file/NZ1CsqyztKHnWyf8ZPqDSN4EMRCBa5), I don't think there was a big loser of the month of May. **Seems like the dividend cuts related to corona all took place** and now I can prepare for slow and steady dividend raises :) + +**If I keep my living costs the same in Jun, dividends should cover 18.88% of it!** How was your month of May in regards to dividends? +Hello all. I'm a 20-year university student who is heavily invested in the stock market and have been looking more and more at the potential of owning real estate. Given the fact that I'm studying and working part-time, I don't have loads of money. Should I start saving for a downpayment for real estate at this age? When is it appropriate to start going for it? How difficult is it to get loans at a young age? +A guy I know used to flip rural residential properties (~$250k purchase, invest <$100k, sell it for >$500k). I was amazed at the mark up in value but he (and his wife) did nice high end finishing and improvements. + +He is now flipping land since the residential supply dried up under Covid-19. + +Case #1: summer 2020 - buys 7 acre lot for $50k in HOA. $5000 to cut trees for added view. Sells in fall for $120k. + +Case #2: Spring 2022 - buys 30 acre lot, (with far off mountain view, power lines adjacent, portion of acres in +conservation). Purchase at $175k, spends $1500 on field mowing and some bush clearing, now offered for +sale for.. +Wait for it.. + +$475,000!!! + +This guy expects a near $300,000 increase in value over 60 days and a days worth of land improvement????? We'll see if it sells in the coming weeks. + +Located in Upstate NY. + +Side note: the neighbors LIVING next door (actually more like in the front) we're slow rolling a contract to purchase the acres over the winter, but guy came in with cash offer and won the sale. Neighbors contact +guy and plead to purchase, (to protect their back yard) guy responds "Sure you can buy it, for a hell of a lot +more". +Where and when do real estate investors draw a line on profits when considering affecting local residents and +communities? +Thoughts? + +Edit: yeah yeah yeah, “it’s business”. But not the same business ethics that a local service or brick and mortar business need to consider. Real estate investors rarely need repeat customers and can transact with near anonymity allowing for greed and cut throat capitalism to be unseen. Although the original sale price is public, I Can’t imagine a buyer not thinking twice when they see the $300k mark up after 60 days since previous sale. Stranger things have happened. + +Btw: Thanks for the downvotes because you don’t like facts and questions about ethics. Clearly many are morally bankrupt and lack empathy. Not shocking though. It’s all about the Benjamin’s, fuck humans. +Why is it so damn hard to break out of poverty? I feel like I take one step forward and then two steps back. We’ve been working so hard, sacrificed so much, downgraded our lives entirely to get out of debt and try to build a savings and be financially stable. But more things keep coming up. + +My boyfriend’s birthday was in March and I wanted to get him a Nintendo Switch so bad, because I knew how much he wanted it but we could never afford it. So I planned and planned, until another big expense popped up weeks beforehand, and I had to use my secret savings on it. Fine, I figured I could just gift it to him for our anniversary in September. We’ll have been on a steady come up. And we were. We knocked out a huge chunk of debt. Things were looking up. Then a huge dental bill. Then suddenly he no longer has a job for 5 weeks, and now doesn’t start his new one for two more weeks. I’m doing everything I can to make extra money during/before/after work just because I want to get him this one damn thing. Just one. We never do anything for ourselves for the sake of being smart about money. But he deserves it. So now I can’t even afford to get him one, 6 months after I originally couldn’t and planned to try again. + +I just feel freaking hopeless. I don’t mind not having extra money after bills. I don’t mind collecting change I find for gas. I don’t mind having grown out weird looking hair and expired make up because I just can’t afford to ‘splurge’ on self care products. I just want to be able to get him one nice f***ing thing, but every time I almost have the money, something happens. I work over 40 hours a week + odd jobs. I’m so mentally drained. I know all of this will pay off in the long run, but right now it feels never ending. + + +I know this is so trivial and stupid in the grand scheme of things. But it’s exhausting not being able to afford to treat yourself or someone you love just *once* in a damn blue moon. And I know I don’t need to give him presents to show my love and gratitude, but it’s just something I had my hopes set on. He’s a good, hard working man. In reality we have made great progress this last 1 1/2 years, but it feels like the end of this keeps getting further and further away, not closer. + +Now I’m sitting here, hovering over the “confirm purchase” button of a $40 gift I found online to give him, because I earned all this money through survey apps and I just can’t stop thinking “what if we need this $40?” I can’t even buy *anything* that isn’t a necessity without guilt and reluctance. I. Hate. This. + + +End rant. Thank you. + +Edit: I just want to thank everyone for all of the encouraging comments, and for allowing me to vent. Also for those super generous offers to help me in any way. Man this community is so great. It’s important to me to always show my gratitude for what I have, but some days just feel very heavy. It’s nice being among people who can sympathize/empathize. Keep working hard, friends. It’ll all pay off and in a few years’ time we’ll be thanking our past selves for our sacrifices. Wishing only better days ahead for you all! + +Edit 2: Sorry I know generally multiple edits are frowned upon but I wanted to post more on this. I can't believe what kind of people make up this wonderful community. I've had so many comments that it's hard to keep up, just wishing me well, providing encouraging words, tips, advice, even incredibly generous and selfless offers for things. I'm overwhelmed. I'm so used to seeing a lot more negativity and humans not being so great to each other, but then you come across whole subreddits of total strangers being nothing but kind and caring. My day has completely turned around and you've helped me shift my perspective where it needs to be throughout all of this. I wish for nothing but the best for all of you, whether you're in a similar position as I am or not. You're good people. Thank you. <3 +(Warren Buffett - Berkshire Hathaway's largest portfolio holding) + +Well written article that details Apple's challenges in changing their manufacturing and supply chains. Long term, I'm expecting this to result in additional price increases for iPhones, above those related to global inflation. + +&#x200B; + +The iPhone maker is looking to diversify the supply chain that has powered its growth + +&#x200B; + +By Yang Jie and Aaron Tilley + +Dec. 3, 2022 12:00 am ET + +&#x200B; + +In recent weeks, Apple Inc. has accelerated plans to shift some of its production outside China, long the dominant country in the supply chain that built the world’s most valuable company, say people involved in the discussions. It is telling suppliers to plan more actively for assembling Apple products elsewhere in Asia, particularly India and Vietnam, they say, and looking to reduce dependence on Taiwanese assemblers led by Foxconn Technology Group. + +&#x200B; + +Turmoil at a place called iPhone City helped propel Apple’s shift. At the giant city-within-a-city in Zhengzhou, China, as many as 300,000 workers work at a factory run by Foxconn to make iPhones and other Apple products. At one point, it alone made about 85% of the Pro lineup of iPhones, according to market-research firm Counterpoint Research. + +&#x200B; + +The Zhengzhou factory was convulsed in late November by violent protests. In videos posted online, workers upset about wages and Covid-19 restrictions could be seen throwing items and shouting “Stand up for your rights!” Riot police were present, the videos show. The location of one of the videos was verified by the news agency and video-verification service Storyful. The Wall Street Journal corroborated events shown in the videos with workers at the site. + +&#x200B; + +Coming after a year of events that weakened China’s status as a stable manufacturing center, the upheaval means Apple no longer feels comfortable having so much of its business tied up in one place, according to analysts and people in the Apple supply chain. + +&#x200B; + +“In the past, people didn’t pay attention to concentration risks,” said Alan Yeung, a former U.S. executive for Foxconn. “Free trade was the norm and things were very predictable. Now we’ve entered a new world.” + +&#x200B; + +One response, say the people involved in Apple’s supply chain, is to draw from a bigger pool of assemblers—even if those companies are themselves based in China. Two Chinese companies that are in line to get more Apple business, they say, are Luxshare Precision Industry Co. and Wingtech Technology Co. + +&#x200B; + +On calls with investors earlier this year, Luxshare executives said some consumer-electronics clients, which they didn’t name, were worried about Chinese supply-chain snafus caused by Covid-19 prevention measures, power shortages and other issues. They said these clients wanted Luxshare to help them do more work outside China. + +&#x200B; + +The executives referred to what is known as new product introduction, or NPI, when Apple assigns teams to work with contractors in translating its product blueprints and prototypes into a detailed manufacturing plan. + +&#x200B; + +It is the guts of what it takes to actually build hundreds of millions of gadgets, and an area where China, with its concentration of production engineers and suppliers, has excelled. + +&#x200B; + +Apple has told its manufacturing partners that it wants them to start trying to do more of this work outside of China, according to people involved in the discussions. Unless places such as India and Vietnam can do NPI too, they will remain stuck playing second fiddle, say supply-chain specialists. However, the slowing global economy and slowing hiring at Apple have made it hard for the tech giant to allocate personnel for NPI work with new suppliers and new countries, said some of the people in the discussions. + +&#x200B; + +Apple and China have spent decades tying themselves together in a relationship that, until now, has mostly been mutually beneficial. Change won’t come overnight. Apple still puts out new iPhone models every year, alongside steady updates of its iPads, laptops and other products. It must keep flying the plane while replacing an engine. + +&#x200B; + +“Finding all the pieces to build at the scale Apple needs is not easy,” said Kate Whitehead, a former Apple operations manager who now owns her own supply-chain consulting firm. + +&#x200B; + +Yet the transition is under way, driven by two causes that are feeding on each other to threaten China’s historic economic strength. Some Chinese youth are no longer eager to work for modest wages assembling electronics for the affluent. They are seething in part because of Beijing’s heavy-handed Covid-19 approach, itself a concern for Apple and many other Western companies. Three years after Covid-19 started circulating, China is still trying to crush outbreaks with measures such as quarantines, as many other countries have returned to prepandemic norms. + +&#x200B; + +Protests in Chinese cities over the past week, during which some demonstrators called for the ouster of President Xi Jinping, suggested criticism over Covid-19 restrictions could build into a larger movement against the government. + +&#x200B; + +All this comes on top of more than five years of heightened U.S.-China military and economic tensions under the Trump and Biden administrations over China’s rapidly expanding military footprint and U.S. tariffs on Chinese goods, among other disputes. + +&#x200B; + +Apple’s longer-term goal is to ship 40% to 45% of iPhones from India, compared with a single-digit percentage currently, according to Ming-chi Kuo, an analyst at TF International Securities who follows the supply chain. Suppliers say Vietnam is expected to shoulder more of the manufacturing for other Apple products such as AirPods, smartwatches and laptops. + +&#x200B; + +For now, consumers doing Christmas shopping are stuck with some of the longest wait times for high-end iPhones in the product’s 15-year history, stretching until after Christmas. Apple issued a rare midquarter warning in November that shipments of the Pro models would be hurt by Covid-19 restrictions at the Zhengzhou facility. + +&#x200B; + +In November, as the worker protests in the facility grew, Apple issued a statement assuring it was on the ground looking to resolve the issue. “We are reviewing the situation and working closely with Foxconn to ensure their employees’ concerns are addressed,” a spokesman said at the time. + +&#x200B; + +The risk of too much concentration in China has long been known to Apple executives, yet for years they did little to lessen it. China supplied a literate and diligent workforce, political stability and a huge local market for Apple’s products. + +&#x200B; + +Taiwan-based Foxconn, under founder Terry Gou, became an essential link between Apple in California and the Chinese assembly plants where iPhones get put together. Foxconn managers share a language and cultural background with mainland workers. Pegatron Corp., another Taiwan-based contractor, has played a smaller but similar role. + +&#x200B; + +And both the government in Beijing and local governments in places such as Henan province, home to the Zhengzhou plant, have enthusiastically supported Apple’s business, seeing it as an engine of jobs and growth. + +&#x200B; + +Even now, when ever-harsher anti-American rhetoric flows each day from Beijing over issues such as Taiwan and human rights, that backing remains strong. + +&#x200B; + +People’s Daily, the mouthpiece of the Chinese Communist Party, hailed the Apple production site in a Nov. 20 video, saying it accounted directly or indirectly for more than a million local jobs. Foxconn shipped about $32 billion in products overseas from Zhengzhou in 2019, according to a Chinese government-linked think tank. All told, the Foxconn group accounted for 3.9% of China’s exports in 2021, according to the company. + +&#x200B; + +“The government’s timely assistance…continuously provides a sense of certainty for multinational companies like Apple, as well as for the world’s supply chain,” the People’s Daily video said. + +&#x200B; + +Yet such words ring hollow to many U.S. businesses in light of stringent anti-Covid measures by the government that have hampered production and roused worker unrest. A survey by the U.S.-China Business Council this year found American companies’ confidence in China has fallen to a record low, with about a quarter of respondents saying they have at least temporarily moved parts of their supply chain out of China over the past year. + +&#x200B; + +To keep operating during government Covid-19 measures, the Zhengzhou factory is among those compelled to adopt a system in which workers stay on-site and contact with the outside world is limited to the bare minimum to keep the goods flowing. Foxconn has sealed smoking areas, switched off vending machines and closed dining halls in favor of carryout meals that workers bring back to their dormitories, often a half-hour walk away, workers said. + +&#x200B; + +Many have escaped, jumping fences and walking along empty highways to get back to their hometowns. In November, the pandemic policies and pay disputes further fueled workers’ grievances. Some clashed with police at the site and left smashed glass doors. + +&#x200B; + +Many of those abandoning the factory were young people who said on social media that they decided wages equivalent to $5 or less an hour weren’t enough to compensate for tedious production work, exacerbated by Covid-19 restrictions. + +“It’s better for us to skate by at home than to be sucked dry by capitalists,” one person who identified herself as a departed Foxconn worker posted on her social-media account after the protests. + +&#x200B; + +Asked for comment, a Foxconn spokesman referred to earlier statements in which the company blamed a computer error for some of the pay issues raised by new hires. It said it guaranteed recruits would be paid what was promised in recruitment ads. The spokesman declined to comment further. + +&#x200B; + +China’s Covid-19 policy “has been an absolute gut punch to Apple’s supply chain,” said Wedbush Securities analyst Daniel Ives. “This last month in China has been the straw that broke the camel’s back for Apple in China.” + +&#x200B; + +Mr. Kuo, the supply-chain analyst, said iPhone shipments in the fourth quarter of this year were likely to reach around 70 million to 75 million units, which he said was around 10 million fewer than market projections before the Zhengzhou turmoil. The top-of-the-line iPhone 14 Pro and Pro Max models have been particularly hard-hit, he said. + +&#x200B; + +Accounts vary about how many workers are missing from the Zhengzhou factory, with estimates ranging from the thousands to the tens of thousands. Mr. Kuo said it was running at about 20% capacity in November, a figure expected to improve to 30% to 40% in December. One positive sign came Wednesday, when the local government in Zhengzhou lifted lockdown restrictions. + +&#x200B; + +One Foxconn manager said hundreds of workers were mobilized to move machinery and components by truck and plane nearly 1,000 miles from Zhengzhou in central China to Shenzhen in the south, where Foxconn has its other main factories in China. The Shenzhen factories have made up some, but not all, of the production gap. + +&#x200B; + +Meanwhile, Foxconn is offering money to get workers to come back and stay for a while. One of its offers is a bonus of up to $1,800 for January to full-time workers in Zhengzhou who joined at the start of November or earlier. Those who wanted to quit have gotten $1,400. + +&#x200B; + +India and Vietnam have their own challenges. + +&#x200B; + +Dan Panzica, a former Foxconn executive who now advises companies on supply-chain issues, said Vietnam’s manufacturing was growing quickly but was short of workers. The country has just under 100 million people, less than a 10th of China’s population. It can handle 60,000-person manufacturing sites but not places such as Zhengzhou that reach into the hundreds of thousands, he said. + +&#x200B; + +“They’re not doing high-end phones in India and Vietnam,” said Mr. Panzica. “No other places can do them.” + +&#x200B; + +India has a population nearly the size of China’s but not the same level of governmental coordination. Apple has found it hard to navigate India because each state is run differently and regional governments saddle the company with obligations before letting it build products there. + +&#x200B; + +“India is the Wild West in terms of consistent rules and getting stuff in and out,” said Mr. Panzica. + +&#x200B; + +The U.S. embassies of India and Vietnam didn’t respond to requests for comment. + +&#x200B; + +Nonetheless, “Apple is going to have to find multiple places to replace iPhone City,” Mr. Panzica said. “They’re going to have to spread it around and make more villages instead of big cities.” + +&#x200B; + +—Selina Cheng contributed to this article. +I know, I know, plan your expenses so that if 1 partner goes broke you can afford it. But I cant. + +I make $40k, my partner used to make $40k as well for a net combined income of $80k. For where we live, that was a very comfortable income. Over the last year my partner decided to start their own business, confident with a few months savings in the bank. I am more than happy to support, because this life is short and plenty of people work +for themselves. + +Fast forward to today, they are trying really hard and putting the work in, but the money isnt coming. Im really starting to worry, as their savings is out by now, they rely on their parents to sometimes insert a little cash, only to be depleted once rent comes. + +So, how do I really knock down my spending. I know I cant have the “fun” spending anymore like coffees and brunch, because now Im taking the brute of the bills and Im paycheck to paycheck. I have some savings, but I dont want to touch it until it’s an emergency. + +Just looking for some tips and tricks, appreciate it :) +Since the start of the year i have sold covered calls on some of my stocks. So far I average 70.00 per week ( I sell weekly covered calls). 70 bucks isn't much but if you add it into my monthly income from dividends its pretty good. It increased my monthly passive income by about 20%. my way isn't going to get me rich quick, and it is hard to see the impact. But like dividend investing, I believe giving it time, will show its significance later down the road. + +Example. Sold a call on AT&T for a whopping 2.00. I net 1.35 after fees. $1.35/$2100 (T is 21.00 a share) = .0064\*100= .064% return (for 1 week). do this 50 weeks=3.2%. I have added, what i view as a "dividend", 3.2% yield to what i currently get from T. + +\*UPDATE\* I realize this is a dividend group. My post was here to spark curiosity in people who haven't ventured in to selling covered calls (like myself prior to this year). From here, people can go seek other groups to help them out. + +\*UPDATE on covered calls for week of 6/21/2022\* This week i sold covered calls on: OXY, MPC, HAL, T, ABBV, DFS, PFE, INTC, VLO, My total came out to be $66.00 (Yes this is below my average of 70 but market was closed Monday). All of them will expire worthless . + +&#x200B; +Over the past couple months I’ve seen a sharp increase in the same kinds of posts. There’s more people joining the sub, and that’s cool with me I have no problem with the sub growing. Hell I haven’t even been here very long! + +But dudes....the same extremely basic questions get posted EVERY SINGLE DAY. “What are some good stocks to wheel?” “What can I wheel with a small account?” “What are the downsides of the wheel?” “How do I handle assignment?” “Will my option be exercised early?” “How many DTE should I do?” + +The people making these posts clearly do not understand options basics. And again, no shame in being new. The thing that bugs me is that these people aren’t even trying to do their own research. They aren’t using the search bar, they aren’t reading any of the thousands of resources found on google. No books, podcasts, YouTube videos, it seems like nothing. They are asking a bunch of internet strangers to tell them how to gamble their savings. + +I’m afraid we are going to turn into /r/wheelstreetbets and drown out the real discussion that happens here. + +I apologize for the rant. But the point of my message is: + +If you can’t be bothered to learn the basics, you shouldn’t be investing your savings into options selling. It’s not responsible. You’ll lose. Just DCA on sector etfs. +Over the past couple months I’ve seen a sharp increase in the same kinds of posts. There’s more people joining the sub, and that’s cool with me I have no problem with the sub growing. Hell I haven’t even been here very long! + +But dudes....the same extremely basic questions get posted EVERY SINGLE DAY. “What are some good stocks to wheel?” “What can I wheel with a small account?” “What are the downsides of the wheel?” “How do I handle assignment?” “Will my option be exercised early?” “How many DTE should I do?” + +The people making these posts clearly do not understand options basics. And again, no shame in being new. The thing that bugs me is that these people aren’t even trying to do their own research. They aren’t using the search bar, they aren’t reading any of the thousands of resources found on google. No books, podcasts, YouTube videos, it seems like nothing. They are asking a bunch of internet strangers to tell them how to gamble their savings. + +I’m afraid we are going to turn into /r/wheelstreetbets and drown out the real discussion that happens here. + +I apologize for the rant. But the point of my message is: + +If you can’t be bothered to learn the basics, you shouldn’t be investing your savings into options selling. It’s not responsible. You’ll lose. Just DCA on sector etfs. +This is the official $GME Megathread for r/Superstonk. Please keep ALL conversations contained to Gamestop and related topics. + +**Not enough karma?** Here's a [**quick guide**](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +# [announcements](https://www.reddit.com/r/Superstonk/wiki/index/announcements) + +* Make sure to check the Announcements regularly. 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Perdue started buying around $185,000 in stock in DuPont, a company that makes personal protective equipment, on the same day as the Senate briefing up to March 2. + +> John Hoeven of North Dakota purchased $250,000 in health science companies in January, five days after attending a briefing about the pandemic. + +> On February 7, Senator Burr, the Chair of the Senate Intelligence Committee, stated in an open-editorial on how the government could respond to coronavirus that "Luckily, we have a framework in place that has put us in a better position than any other country to respond to a public health threat, like the coronavirus," However, on February 13, he and his wife sold between $628,000 and $1.7 million worth of stock through thirty-three transactions and on February 27, Burr stated that "There's one thing that I can tell you about this: It is much more aggressive in its transmission than anything that we have seen in recent history," at a Capitol Hill Club luncheon and his statement was later leaked in a secret recording. + +> On March 19, ProPublica published an article showing that Burr had sold stock shortly before the correction and Loeffler, Jim Inhofe, and Dianne Feinstein's stock selling was also reported. NPR asked Caitlin Carroll, Burr's spokesperson, for a comment on the alleged violations and she responded with "lol" and then clarified that "As the situation continues to evolve daily, he has been deeply concerned by the steep and sudden toll this pandemic is taking on our economy." + +After all this do you know what happened to these politicians? + +Absolutely Nothing. + +> No charges brought against participants and all investigations into senators closed. + +This is a fu*king disgrace! + +Crypto is about giving an equal playing field to us regular citizens. It’s about stopping corrupt people and their corrupt money. +Final edit: I will be staying with the company and pursuing the reevaluation. I think it is worth staying considering the perks of the jobs, work environment, coworkers, boss, and leniency of schedules and time off. They have a good 401k plan I can take advantage of (match 3% for part time workers). Thanks to everyone who left kind words and extremely helpful and thoughtful advice. + +Edit 3: I apologize if I am not able to reply to everyone here. So many helpful people to reply to. I have read all of your replies. Fear not if I didn't reply. Simply too many to reply to since it will get repetitive. + +**I currently work for a large corporate rental company. The pay isn't that great but I love the job and I really enjoy working at this place. My coworkers and my bosses are great. They are very flexible with work schedules and asking for time off. I don't really know how to say bye to all my coworkers. Gonna miss them.** + +**However, I want to make more money since I will be moving on to a 4 year college end of next year. I was supposed to have a reevaluation after 6 months but here we are at 8 months and I have no news or anything.** + +**How do I go about leaving this employer?** + +Edit: Thanks to everyone who replied. I really appreciate all your thoughtful advice and recommendations. I definitely have a few things to think about and prepare for. + +Some have mentioned how I should find a new position first. This post was made prematurely to prepare myself mentally for if and when I do need to quit once I have an offer in hand. + +Edit 2: Many people have made similar comments about finding a new job. Just wanted to clarify that I do not have an offer yet since I haven't sent applications. I wanted to make this post to weigh my options and it has helped me get my thoughts together. A lot of helpful advice has given me a good confidence boost. + +I will most likely bring up my reevaluation to my boss soon. Perhaps this week. If they give me a raise then great. If not then I will consider putting in my 2 weeks shortly after. I will consider if the work environment and the flexibility is worth staying for. + +Thanks again everyone. You've been great. + +Edit 4: + +My boss and all my coworkers regularly communicate through text. Its part of the job. Would it be appropriate to bring up the reevaluation through text? Same thing with the 2 week notice? I think just the reevaluation but the 2 week notice I will email for if I decide to quit. +I strayed from my usual habit of only buying Cushelle toilet roll and instead bought a pack of Andrex as they were on offer in Morrisons. It's only when I've got home that I realise I'd been had. + +The Andrex toilet roll tube has a diameter of a whopping 46mm, with the overall roll having a diameter of 100mm. I paid £9.99 for a 24 pack, which works out as 41.63p per roll. + +By comparison, the Cushelle toilet roll tube has a much smaller diameter of 38mm despite the overall roll being wider at 110mm. They didn't have the 24 pack when I went to Morrisons, but Asda currently have it at 40.63p per roll. + +Dont make the mistake I did of solely going by the cost per roll. You need to either get your tape measure out or start counting the number of sheets per roll or they'll literally catch you with your trousers down. If you use other brands of toilet roll and have access to a measuring device I'd be interested to see how they compare. +I was looking through some old pictures on my phone, and I’ll screenshot a lot of things I see online (whether to share it or for future reference) and I came across an image of a post either posted in the initial GME sub we went to or the original Bets sub that this all came from that said back in February 2021: + +if this really was over, why would they be trying to convince you so hard? + +Now I know the media doesn’t always lie about everything all the time; that’s the tricky part for some things, that truth is sprinkled in to deceive and cause uncertainty. +I’m not going to be discussing anything else about the media here, just GME. + +But now we can see that not only are they still trying to convince everyone that GameStop is dead, but they’ve spent an entire year shitting on GameStop and telling you to sell. + +The media and the government absolutely do not give a single fuck if you make money or lose money off of investing and trading. Just look at Creep Toes, other stocks, etc. people lose money every single day but you don’t see hit pieces and news media FUD about the Coin of the D0ge. + +Start asking yourself why. +A lot of us did about a year ago. + +Why are they so concerned for us to dump this investment? +Why do you hear about GME so much in the news? + +If it really was that bad of an investment like the media says, the company would be going under, struggling, and the stock price would tank lower and lower, not to mention negative retail investor sentiment (which is so far in the opposite direction of how I really feel about my favorite stock). + +Just something to think about. +I work as a banker and today during my annual performance evaluation my supervisor asked me what my long term plan was and if I planned to stay in banking or if I was going to switch to working my rentals full time in the future. I feel like employers see real estate investing as a risk to losing employees because it leaves our options open. It seems like most employers want employees who are desperate for a pay check and not financially independent. + +End of rant +Hiiii Apey frens!!! + +I um... I found a thingy. It's speculation based on data, and probably crazy but pretty mind blowing if true. + +TL;DR upfront: + +They have been hiding GME's volume, dividing it by 10 this whole time. That's why we have record low volumes constantly. The volume isn't dry, it's shy. + +\------------------------------------------------ + +With the TL;DR out of the way, let me tell you what lead me to even do the calculation.. + +While looking at historical options data, I found something. + +I noticed a pattern starting January 8th. + +On January 8th the open interest combined for all contracts was 50,614. + +3 days later, trading volume shoots up to 144,501,700 shares. + +The pattern I noticed is that open interest / volume 3 days later on a price spike is usually *roughly* the same. + +Here's some cool tables: + +&#x200B; + +|January 8th|January 22nd|February 19th| +|:-|:-|:-| +|Calls: 36410|Calls: 116947|Calls: 131887| +|Puts: 14204|Puts: 113099|Puts: 412346| +|Combined: 50614|Combined: 230046|Combined: 544233| +|Volume 3 days later: 144,501,700|Volume 3 days later: 93,396,700|Volume 4 days later: 150,308,800| +|OE / V: 28.549749|OE / V: 1.7161160752839317|OE / V: 2.7618464885444287| + +&#x200B; + +&#x200B; + +| March 5th |October 29th| +|:-|:-| +|Calls: 145252 |Calls: 37497| +|Puts: 151392 |Puts: 12345| +|Combined: 296644 |Combined: 49842| +|Volume 3 days later: 71570600 |Volume 3 days later: 11,258,900| +|OE / V: 2.412676474157576 |OE / V: 2.258918| + +*Disclaimer: It takes me so long to gather this data in this format. Like an hour per date because of the way the API I'm using is set up. If anyone has a faster way to check, by all means check and post validation in the comments or debunk it. But because it happens multiple times, I'm gonna just assume it's roughly the same for the rest because it's not ALL that important, it's just the thing that got me thinking.* + +Look at OE / V. That's the combined Open Interest divided by the volume of the jump 3 to 4 days later. + +WHY I decided to do that calculation? Idk I was just dividing shit trying to find patterns lmao This seems like one so I ran with it. + +Jan 13th it's 28.5. It's on average 2 to 2.5 after that. + +Since February, GME has not hit 100M+ volume once. But yet it's had roughly the same OE / V and roughly the same sort of price increases. Swaps and shit causing big jumps. BUT the volume has been consistently low compared to January. + +This stuck out as strange to me. It made no sense. + +100-150 million volume was normal for a jump before March. Then it just kept acting weird. + +The thing that really made me wonder was... How the fuck was GME the most trending stock on Nov 3rd, a magnificent run from 214 to 255, but yet only 11 million volume? + +I mean it could just be volume is dry as fuck but... idk.. + +And so I looked more closely at Jan 8th. The only time OE / V was massive. 28.5. + +28.5 compared to the 2.5 average is weird. + +Then it hit me.. What if the volume this entire time starting after Jan 8th has been divided by 10? + +If you do that, the OE / V lines up closely with Jan 8th's 28.5 number. 1.7 turns to 17. 2.76 turns to 27.6 etc etc, recently 2.25 turns to 22.5. Idk? It looks like it matches. + +And if you do that, 11.25M volume looks relatively like a normal jump. 112.58M. + +It's just speculation but it really kinda puts things in perspective considering the massive amounts of naked shorts flying around. + +That's when I remembered Citadel saying 7.4B and I went to read specifically what they said which was: + +**"On January 27th, numerous retail brokerage firms imposed restrictions on the trading of certain “meme stocks” due to capital constraints, liquidity concerns and other commercial reasons. "** + +**"Citadel Securities never requested, intimated, agreed or otherwise sought to limit or to restrict the trading of such securities. On January 27th, we executed an astonishing 7.4 billion shares on behalf of retail investors. "** + +List of stonkies restricted: + +https://preview.redd.it/e5sky2ztfox71.png?width=207&format=png&auto=webp&s=bc5729b97f6dc80ab5355498477f823147561487 + +And so Citadel says: + +**"During this volatile period, Citadel Securities was the ONLY major market maker that executed buy and sell orders for individual investors without limitations. "** + +To me, what they're saying is there were a bunch of stocks restricted. And **of those stocks restricted**, they executed buy and sell orders without limitations. And the total number of executed shares was **7.4B.** + +They could probably lawyer their way out of it, but that's what they're implying. + +But I said to myself **"Self... That means if you add up the volume of all of them, it should be around 7.4B. And if my theory is correct, it's gonna come up short. And I'm willing to bet if I 10x GME's volume it'll match."**. + +Dead ass I said this to myself right before I set off to calculate the total. My heart pounding wondering if I was right. Or probably because I've been up for too long and need sleep, who knows lmao + +But as I kept adding up the shares, it was inching closer. 1B, 3B, 5B.. At this point I'm like well maybe I'm wrong.. It'll probably add up to 7.4B. Oh wel- + +**NOPE!** + +**6,671,542,157** shares. + +**"Holy shit.."** I said. + +7.4B - 6,671,542,157 = **728,457,843 missing shares**. DOES NOT COMPUTE. Citadel lieeeeees. + +At this point I was like no fucking way... + +So I took out GME's number from the calculation. + +GME's volume on Jan 27th was 93,396,700. + +&#x200B; + +6,671,542,157 **-** 93,396,700 = 6,578,145,457 + +&#x200B; + +93,396,700 x 10 = **933,967,000** + +6,578,145,457 + 933,967,000 **= 7,512,112,457** + +https://preview.redd.it/prxpkoxqfox71.jpg?width=1134&format=pjpg&auto=webp&s=bd4d21999f28fb086d79be347175d5785d1de6db + +&#x200B; + +Could it be true? What the actual fuck? + +It can't be dark pool because on just **one** of the stonkies alone the volume was over 1B on the dark pool. + +It makes no sense, they wouldn't execute 6.6B shares on lit exchanges and somehow need to make up 728M on dark pool. It's a small percentage and they're basically bragging about their limitless naked shorting capabilities on lit exchanges so 728M is nothing for them \*SUPPOSEDLY\* + +The fact that A. I suspected this actual thing *(10x GME's volume to get to \~7.4B)* would happen and B. This actual thing fucking happened.... leads me to conclude the volume since January 8th has been divided somehow by 10. Everything just lines up too perfectly if you add that factor in. + +&#x200B; + +Maybe I'm wrong. Maybe there's another explanation. Maybe it's a glitch. Maybe they meant all of retail instead of just the "such stocks" they mentioned right before they said 7.4B. + +Who knows. But it suuuuuure is a weeeeeeird coincidence that when you 10x GME's volume it's basically what they said they executed. + +If I'm wrong, plz don't crucify me LOL I took time to write this and if the pattern holds with me writing DD, this at the very least will spark someone's creative juices and something good will come of it. + +Speculation as to why? If this is true? Well for one, 100M volume + huge run ups = FOMO. + +So.. they would not want FOMO which would add more volume they can't handle like in January. + +And 2. Let's say randomly 2B shares pop up on volume.. That would be kinda like... yeah naked shorts obviously. And SEC wouldn't be able to pretend they don't know what's going on. + +I mean the only way this would be possible is if there was some sort of huge collusion between all the large players so they don't lose all their wealth. And idk that seems ridiculous and conspiracy/tin foil right? ....Right?..... + +There definitely is motive to do it, if they have the ability. Which they probably do. Simple calculation. Divide by 10 and lie. + +Anyway I got to get some sleep, hope you guys are doing well. No matter the case, GME is MOASS and blablabla HODL!! +Ok, so TSLA will be included in S&P 500 in Dec 21. Old news. Around $100B(almost 1/5th of its market cap) of TSLA would need to be purchased(some active funds may have already purchased) based on current stock price. + +The only reason I have been holding TSLA after it split is the whole S&P 500 inclusion thingy. After that, I don't know what will even move this stock. They freakin surpassed Berkshire and could surpass Facebook(for a short time)!!! + +Today they will announce whether to include TSLA in two sessions or in one session. + +[This is what happened when Yahoo was included(which is comparable to TSLA's inclusion as they have had relatively comparable size in comparison to S&P 500's size). Although I believe TSLA will rise again after some time, unlike Yahoo.](https://imgur.com/a/1qj22eR) + +After the trading sessions, expect a big dip. As a lot of speculators this year have bought into TSLA precisely to front-run the index investors. + +Also, the trade date Dec. 18, coincides with a once-quarterly event known as quadruple witching, the Friday near the end of each calendar quarter on which options and futures on both indexes and stocks expire simultaneously. Volume is usually heavy on those days and would help boost liquidity on the day of Tesla’s inclusion, investors said. (this paragraph copied straight from wsj) + +So, I guess don't be a fool(unless there are some tax implications, which I don't have); buy the rumour, sell the news. TSLA will completely tank after the inclusion. + +Also, remember NIO etc kind of benefit from the TSLA hype, so be very careful you all about them. + +I don't think if you don't have any immediate tax implications, there wouldn't be much value holding TSLA for the longer term as there are better long term plays. And when or if TSLA reaches $700 or higher(I know I am very bullish, but that's why I am still holding it) there would be almost no point in holding it any longer. + +Some special points to remember: + +* TSLA already jumped 40% after its inclusion news broke out and had been steadily climbing before it due to rumour that it will be included in the index and Softbank's trade earlier this year. +* TSLA can issue more shares, especially in this valuation. I mean why wouldn't they, lol. + +I know posts that say anything negative about TSLA gets downvoted but be careful about your TSLA shares or options! + +Disclaimer: I am long TSLA shares and call options. I am also long PLTR(long leaps too) and some other meme stocks which I am not mentioning cause my post gets removed somehow and I am not sure why(so you know I don't give a damn about valuations, although I am kind of an early mover, so all of them are at a very profitable position). +Hey guys, I am an option scalper (bot trading). I have only traded TSLA weeklies for the past year and I was trying to see what other opportunities are out there. AMZN option chain did amazing on the backtest and today when I was auto trading it, I realized how illiquid it could be. + +There were a few times that bid/ask moved a few % below last traded price before any trade took place. For instance on AMZN 210604P3280, the last traded price $65, but bid and ask were at $60 and $61. This could cause a few hundred slippage on the whole position. + +Does anyone have any experience on how to tackle illiquid option chains? Do you just avoid it? + +I am thinking of writing an strategy that closes the price at bid price whenever ask falls 3% under last traded price, but have not backtested how it affects the PL yet. + +Appreciate any feedback + +PS: posted the on r/options as well. Ap0reciate feedback from both trading styles (quants and discretionary) + +**UPDATE 1:** both AlgoTrader5 and Duncan999 talked about liquidity/slippage and how it skews backtest results in real world. I took Duncan999's advice and monitored/auto traded the HIGHEST OPEN INTEREST chain before open (AMZN 210604P3200). + +It did address the liquidity issue for the most part around market open. Bid/ask was very close to the last price 95% of the time. The chain itself is really choppy and the algo traded a lot more, which is not a problem since it autotrades. A lot of smaller trader (winning/losing) plus a few huge wins. compare that to $40 ITM option strike that usually has smoother/trendier moves, but unrealistic backtest. + +**But as it got closer to lunch time, the bid/ask spread started moving away from last traded price. I guess people mostly trade options at the open and close? This is what I am going to test next. Taking the strike price with most open interest (before open) and watch how bid/ask/last changes as day goes by.** + +**UPDATE 2:** I suggest everyone to read suomynonayug's comment below. That explained the issue I am trying to solve. **"An asset doesn't have to trade for market participants to re-price it"**. In case of AMZN, MMs sharply adjust bid/ask of the option based on the underlying stock's move. Now if there are any order in the book, they get executed and the last price changes. But for thinly traded weekly options, there is usually not much orders in the book. So if you are trying to scalp weekly options of thinly traded stocks with bots, I suggest you base your strategies on the bid price and not last price. This is what I am coding at the moment and will be working over the next few weeks to backtest. Meanwhile I am gonna continue scalping TSLA weeklies, bcz even when MMs try to sharply reprice the option, there is always orders in the book and last price does get update fairly quickly for my strategy to work. + +&#x200B; + +I did receive a few questions reading this post, I try to answer it here as well: + +\- Software/Broker I use: Tradestation. + +\- Do you recommend bot trading: 100%. There is too much bias, feelings and emotions involved with discretionary trading to perfectly execute strategies all day long. If you think you are a great strategist and a sucky trader, maybe it is time to remove yourself from the process and have the machine execute your idea. + +\- How much money do I need to start: start with whatever you can lose, bcz you will probably blow up a few times before it clicks. If you are new, stop focusing on PL and work on your skills/strategies. + +&#x200B; + +Appreciate everyone's input , helping me brainstorm so far. + +&#x200B; + +&#x200B; + +https://preview.redd.it/nlzqlos3lv271.png?width=792&format=png&auto=webp&s=3814ab43ba2d6c3c517603748aade1a6a7766f66 +Me and my boyfriend spent years just barely scraping by. Trying to make $20/week feed the two of us in groceries (we lived in an extremely rural area where food banks did not exist/were too far away). I remember every time we went to the grocery store I picked out items to get the best deals and my boyfriend walked around with the calculator on his phone adding up prices so we didnt have to put anything back at the register. + +There's been a lot of ups and downs since then and some luck sprinkled in along with hard work, but today felt like we had finally accomplished something. We've been doing pretty well for a while, but living below our means due to the fear of everything getting pulled out from under us again. + +We went grocery shopping today and as we were unpacking I realized that we not only had a full fridge/pantry, but we went to the store without tracking prices. We didn't go overboard by any means, but the fact that we weren't worried about the cost of what went in our cart feels like a HUGE win. + +We still have a long way to go and this might be a stupid win to some, but right now this feels like everything based on where we started. +I can pay it off tomorrow if I want, but I see that it is going down in real terms due to inflation. I get less than 2.5 percent in the bank, and putting the principal in the stock market is risky given the short term nature of the loan. Is it better to pay it off early, or keep paying the loan? +https://www.google.com/amp/s/www.nbcnews.com/news/amp/ncna1232259 + +Misleading title, but very influential legislation since we know auto manufacturers like to have their fleet meet regulations of all jurisdictions in the states. We also know California means business when they put into law their 'clean' bills. This implies virtually no new road vehicle in the states will consume diesel or petrol come 2045 (likely to happen much before). + +Carney was only trying to warn his fellow Canadians when he told us our natural resources could become stranded assets, hopefully we find a way to be beneficiaries in the changes in energy use. +>"More than 600 reporters from around the world, belonging to 150 media organisations spanning 117 countries, participated in the research for two years." + +>"The Pandora Papers contain 11.9 million files." + +Both quotes from dawn.com (first english site I could find, im swedish and got the news from swedish sites first. +https://www.dawn.com/news/1649824/pandora-papers-about-bigwigs-financial-secrets-due-today + +The International Consortium of Investigative Journalists are behind this exposé and they will release it today, sunday, at 4:30pm GMT. + + +This could be ***HUGE*** guys!! +Apes, keep an eye out for all citadel mentions and juicy gme related stuff! + + +Edit: +Adding the link to ICIJs official tweet +https://twitter.com/ICIJorg/status/1444474822797545476?t=JU0xovhEV5Kg88U8h5hIhA&s=19 + + +Edit 2: +Link to the Pandora Papers webpage on ICIJ website: +https://www.icij.org/investigations/pandora-papers/ +# Remember hedge funds have the weak hand + +They had to realise gains from other investments just to cover losses from GME. Thursday and Friday were the days with the biggest deleveraging sisnce March 2020. Each day they have to pay high interest just to mantain the short positions, and you know what? Every time they realise gains to cover losses their performance gets worse, and this makes them look like idiots in front of their clients, putting their business in danger. + +# Expect some crazy volatility + +Remember you are playing against hedge funds, they are not going to give you free money. There is no free money in the stock market. GME investors hit them hardly, and for them is not just about losses but they have to proof to their clients that they cannot be beaten by a bunch of redditors. They may suppress the price or manipulate it. There are some excellent posts on this sub about how they manipulate the stock price (ladder attacks, MSM misinformation, etc). + +# Manage your risk + +I hold GME since $20s. For me right now there is no risk in holding the stock because it will never go back to that level. If you just bought at $300 have in mind they may be able to supress the price for days or weeks to $100-$200 level, so you must be able to stomach this volatility. I would recommend only investing money you can afford to lose to not panic sell if you see this wild volatily. + +The important thing as an investor is to hold, more than to buy like crazy. + +# Be a critical thinker, do your DD + +There is nothing that the MSM wishes more than to see loss porn from retail investors to say "see, they didn't know what they were doing". Please, don't give them the opportunity to say that. + +Do your DD, check user history whenever you read something to make sure users are no hedge fund trolls. Hedge funds are now trying to focus you attention on everything except GME. The Silver play is a trap. Citadel is long silver. + +# BEWARE THAT IF YOU BUY SILVER, you are helping Citadel to cover losses with their gains and give them the chance to fight on GME. + +Maybe mods should ban silver posts as lots of people could potentially lose money on that play. + +&#x200B; + +TLDR: + +DO YOUR OWN DD. BE CRITICAL. + +HOLD. THEY HAVE THE WEAK HAND, NOT YOU. + +BEWARE OF SILVER. + +For SEC minions reading this: this is not investment advice. + +Edit 1: many thanks for the awards guys. + +Edit 2: WSJ and Bloomberg are pushing the silver narrative and creating the impression that somehow people here are coordinated which is complete false. Also Citadel is long silver and it seems posts are being created mainly by bots. I definitely think mods should take action. + +Edit 3: about silver, it is not my call, I am just sharing my point of view, I totally get the people who says nothing should be banned. Just have in mind MSM are depicting WSB as a group of organized investors that are colluding to target different assets, which is completely false. Should their message gets acceptance because of SLV they could try to ban this sub. So I think mods should at least check if those posts are legit, and if they comply with the rules. Nothing else. +I’ve noticed that over the past few months this thread has been saturated in property post that have little relation to do with finance. + +I understand that there is a relation to finance when purchasing a property but this seems to be minimal in the post I see. + +It seems as though people are talking about auctions, asking personal advice on purchases without mentioning finance, praying for a crash and also repeating the same thing over and over “this market it out of control”. + +Is it fair to say that this thread has gone in the wrong direction when it comes to property chat and that these post should be posted in r/ausproperty instead? + +I started investing at a young age because of this thread and gained a fair amount of advice that wasn’t covered in my business degree. + +Now all I’m reading are updates on over inflated auctions in areas that non of us can afford and that the market is “to the moon” like it has been for the past decade. +I’m 17 years old and have just under $9000. I know I’m very young but I still feel like I’m running out of time. I’m trying to learn stocks and im trying to get a financial advisor. I really want to get into real estate, I have the books and stuff but I’m not sure what more I can do. Can someone give me some advice??? +I have been curious about how to time my contributions to my IRA. Is it best to do dollar cost averaging over the year, dump it all in at the beginning or try to time the market? + + +I did a little study where I downloaded the last 40 years of the S&P 500 index and compared five different IRA investment strategies. [Here's the exact spreadsheet I used for those who want to take a look at the numbers](https://docs.google.com/spreadsheets/d/1QlouWy6ZQq09cDqUWT1jIkbtU4JcFpSdf6XLExO3cwk/edit?usp=sharing). + + +If you're interested in a more visual journey, you can check it out here: https://imgur.com/gallery/myWu64q + + +I wrote it out as a little story with fictitious characters to make it a little less boring. + + +#Five way to time your IRA contribution + +Steve, Mike, Larry, Tom and Paul were college friends who graduated 40 years ago. On they day they graduated, they made a pact to max out their IRAs every year, starting in 1979. (It was a Traditional IRA back then as the Roth wasn’t introduced until 1997). + +&nbsp; + +They continued contributing every year for 40 years from 1979-2018. Every year they maxed out their IRAs as allowed by the IRS. Over the years the IRS has changed that contribution limit as follows: + + * 1979-1981: $1,500 + * 1982-2000: $2,000 + * 2002-2004: $3,000 + * 2005-2007: $4,000 + * 2008-2012: $5,000 + * 2013-2018: $5,500 + +Maxing out their IRAs for those 40 years, each of the friends contributes a grand total of **$123,500** in cash. + +#Save or Invest? + +Steve had heard that the stock market was risky, so he decided to never actually invest his money and instead left it in a money market account inside of his IRA. The other four were ahead of their time and knew the power of buying and holding index funds. They all decided to invest 100% of their contributions in a single S&P 500 index fund and never sell. But each had a different strategy about when to make the contribution and investment. Let’s see how they fared. + +#Steady Saving Steve + +Steve hated the thought of losing his retirement money and heard the stock market was risky. So every every month for forty years he would contribute 1/12th of the maximum allowable IRA contribution to his IRA and leave it invested in a money market account. (Basically an interest paying cash account). His account earned interest, which was a bit of a wild ride over the years since the interest rates were over 17% (wow!) for many months in the early 80s, but under 1% from 2009 through 2018. With his slow and steady saving and consistent interest, Steve’s nest egg never went down in value and grew to **$210,557** by the end of 2018. + +#Monthly Maintenance Mike + +Mike also contributed money once per month in equal amounts of 1/12th of the annual contribution limit. But instead of leaving it in a money market account, Mike always invested it in an S&P 500 index fund. He left it alone and never sold anything. His monthly strategy grew his investment to **$1,045,129** at the end of 2018, beating Steady Saving Steve by 396%. + +#Lump Sum Larry +Larry didn’t like waiting or making monthly transactions. So on the first day the market was open each year, Larry maxed out his IRA and invested it in his S&P 500 index fund in a single lump sum. His lump sum strategy grew his IRA to **$1,109,386** at the end of 2018, beating Monthly Mike by 6.1%. + +#Terrible Timing Tom + +Tom also dumped all his money in at once each year, but he had the worst timing possible. Instead of buying a little each month or buying all at the beginning of the year, Tom invested the moment of the absolute peak of the market each year. For example. in 1987, he dumped all his money at the peak, right before Black Monday only to watch the value of his IRA drop by more than a third over the following few months. But he never sold, and stuck to his terrible timing for 40 years. His strategy netted him **$919,533** at the end, about 12% less than Monthly Mike made. + +#Perfectly Precise Paul + +Paul also dumped all his money in at once. But Paul was omniscient. He was only person on the planet that pinpointed the exact instant of the market low 40 consecutive years. And at that instant he optimized the potential value of his IRA by dumping every penny of the annual max contribution and happily watched it go up for the remainder of the year. Paul’s impossibly perfect precision earned him the most of any of the five friends: **$1,212,838**. Even with his ability to see the market bottom before it happened, he still only beat Lump Sum Larry by 9.3%. + +#The Lesson + +All four of our index fund buyers handily beat the savings account by well over 4x. They were wise to understand the power of buying and holding an index fund without worrying about the volatility of the market. Terribile Timing Tom and Perfectly Precise Paul showed that even the worst or best possible timing really doesn’t change things all that much. And the realistic strategies that Larry and Mike employed were pretty close, with Lump Sum Larry coming out slightly ahead. + +&nbsp; + +So if you’ve got the cash, dump it all in on January 1st. If you like the idea of dollar cost averaging, set up auto-investments so it happens every month without having to look at it. But the important thing is to invest early and often! 🙂 + +Edit: If anyone is interested, I do a lot of stuff like this over on [my instagram](https://www.instagram.com/personalfinanceclub/). I'm not selling anything, make no money from it, etc. If linking to this is too self-promotey I'll happily take it down. :) +I love this company. Great contracts, a very experienced and we'll educated team, cool robots...what's not to like. I've been following them since last summer and the share price hasn't budged. Anyone have insight to why? I feel like selling my investment to break even as money can be made elsewhere at the moment. +$FCF is in talk with a major money transfer company listed on NASDAQ(2nd meeting today)... Something huge is about to happen! + +&#x200B; + +About to hit CMC TOP GAINER TODAY! THAT IS HUGE MOMENTUM + +&#x200B; + +Benzinga and marketwatch are about to release their 2ND article about FCF this month! + +&#x200B; + +A MAJOR MARKETING CAMPAIGN AIMING 1M+ crypto users is getting prepared and will be launched in the next 6 days! + +&#x200B; + +Bitmart listing in discussion! + +&#x200B; + +$FCF is creating the world first Credit Card and crypto payment gateway (FCFPAY), this would allow retailers and merchant to trade goods/services with any crypto they want! Imagine buying shoes online with dogecoins ? Ordering food on ubereats with Cardano ? Buying flowers with BNB! The possibilies are endless! + +&#x200B; + +The payment gateway fees are lower than Paypal and regular credit card fees! Why wouldn't you use it? Imagine spending your crypto gains without having to send them into your bank account and paying capital gain taxes ! + +&#x200B; + +$FCF is building a huge ecosystem that rewards it's holders, 33% of all the fees collected by the payment gateway goes back into FCF LP and another 33% goes into the dividend pool! + +&#x200B; + +$FCF is a reward token, just by holding FCF you will receive 5% BNB reflections every 24 hours! Fully automated! but wait that is not all! + +&#x200B; + +You could hold a token that rewards you daily while it's price goes up!, It literally takes about 10 days to get your initial back after buying FCF$. + +&#x200B; + +Tokenomics: + +&#x200B; + +3% LP + +2% Marketing + +5% Dividend + +Website: [www.frenchconnection.finance](https://www.frenchconnection.finance) + +&#x200B; + +Contract: 0x4673f018cc6d401aad0402bdbf2abcbf43dd69f3 + +&#x200B; + +Telegram: [https://t.me/frenchconnection\_bsc](https://t.me/frenchconnection_bsc) +Welcome to the Daily General Discussion thread of /r/EthTrader. + +Find the latest Daily Altcoin Discussion thread by selecting the top result on this [search page](https://www.reddit.com/r/ethtrader/search?q=Daily+Altcoin+Discussion&include_over_18=on&restrict_sr=on&t=all&sort=new). + +*** + +The thread guidelines are as follows: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- If the top page becomes overloaded with memes, all but the top two voted may be removed. If we need to remove a bunch of memes from the top page, post memes in this thread first and upvote the best so the mods know which ones to keep + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +First a foremost, thank you to everyone in the sub who has made the previous AMA’s so successful! + +As an update to everyone, I left my position at a ~$5B RIA to focus on the gym that I own and focus on Real Estate development, which I have dabbled in over the last few years. + +There are a lot of good questions in the previous AMA’s regarding fees, fiduciary status, private capital etc. + +My goal moving forward is to be a free resource to all of you from the perspective of someone who has experience working at the top-end of the industry. + +I am happy to answer more detailed questions via DM or whatever means necessary. + + +AMA! - mep42 + +[AMA #1 ](https://www.reddit.com/r/fatFIRE/comments/mhxhsq/ama_i_am_a_wealth_advisor_to_high_net_worth/) + +[AMA# 2](https://www.reddit.com/r/fatFIRE/comments/n5m09a/ama_follow_up_post_i_am_a_wealth_advisor_to_high/) + + +**EDIT - I am trying to get back to everyone as soon as I can, but there are a lot of messages! Thanks everyone! +So, let’s hopefully call that rock bottom. With ETH dropping below $2,000, BTC under $30,000, and BNB under $300, it was easy to pack it up and call it a bull run. + +But, not everything in life can come as easy as it has so far this year. + +While it can feel like there is no time left, do not fret. This is not the first time this has happened, this was not outside of the calculations of those big institutions that bought up crypto and haven’t sold yet, and there is still so much money left to be made. + +So take a minute to breathe. Seriously, take a walk, take the day off day trading if you don’t have the constitution to try and call the bottom and buy the dip. But whatever you do, don’t let your emotions get the better of you compounding your mistake. + +Yes, you bought the top. The worst thing you can do after that is sell the bottom. So take a deep breath, trust your diversification, trust that blockchain is a real technology and that there are flaws in traditional finance, and trust that time will find a way to beat back the forces that bog. + +So you can call what we saw last night the bottom for Saturna. Where weaker memecoins would have completely collapsed under the pressure, we’re seeing a good rebound this morning after some whales panicked and can trust that **50,000+ holders** represents more than the $15M we’re seeing presently. + +When the memecoin market, which took a nearly 70% beating last night, eventually rebounds with the rest of the market, know that it usually comes back stronger. Just look at DOGE again, and again, and again, and again. The market’s crashed so many times on DOGE, I’ve honestly lost count. + +So when you have a token that’s going to be worth over a $1B market cap based on all previous data and indicators, it is a foolish time to sell and equally foolish not to buy. + +But that said, if you need the day, take it. The dip won’t get eaten overnight, and there will still be time to buy tomorrow, albeit likely at a higher price once the fear and panic of a couple days of selloffs wear off. + +Remember, the panic you feel is felt all across the market. If you haven’t sold yet, you’re probably not going to do it. This is why prices bounce from the bottom. So relax, enjoy the simpler things in life, and when you get around to it, make sure you get a piece of this dip. + +With an NFT Marketplace and a marketing team still churning around the clock building new partnerships and a new website right through all the FUD, the future of $SAT is still bright, and so is yours. Just take it a day at a time. + +[Website](https://saturna.co/) + +[Telegram](https://t.me/saturna_TG) + +[PancakeSwap](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x1e446CbEa52BAdeB614FBe4Ab7610F737995fB44) +Welcome to the Daily General Discussion thread of /r/EthTrader. + +Find the latest Daily Altcoin Discussion thread by selecting the top result on this [search page](https://www.reddit.com/r/ethtrader/search?q=Daily+Altcoin+Discussion&include_over_18=on&restrict_sr=on&t=all&sort=new). + +*** + +The thread guidelines are as follows: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- If the top page becomes overloaded with memes, all but the top two voted may be removed. If we need to remove a bunch of memes from the top page, post memes in this thread first and upvote the best so the mods know which ones to keep + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +I finally have something of value I think I can provide to y’all. + +I own a chunk of land with a house on it. Bought it about five years ago. It was old, it was beaten up and it appraised low. I didn’t give a shit. I saw it with my own two eyes and I liked what I saw so I fucking bought it a smidge over appraised value. + +People said I overpaid. People said interests were high. People said we’re in a bubble (shit we might be idk) + +Friends. My fucking friends (who knew nothing about the housing market) all gave their two cents about my purchase. + +**I didn’t care** + +Because nobody can tell me the worth of something that I myself have assigned value. + +I am now pestered weekly from developers that they want to buy my property. I politely decline. + +So where’s the advice? + +There’s an old man who owned the lot behind me. We would casually discuss the properties and what we perceived their value to be. I hesitantly told him I thought my place was worth a million and a half and he chuckled and said I had a good eye for value. When I asked what he wanted for his property he quickly spat out “i want ten million dollars” + +I laughed and said “well, so do i” and he responded firmly that someone will give him ten million dollars. + +He sold the fucking land last year to a utility company that wanted to build a substation on it. 10 million dollars and not a penny short. + +You determine value, and sometimes you don’t need fancy data, charts and comparables. Sometimes it’s all in your gut. +So, around 3pm today I get an "Active Card Check" on my Monzo card from "Bird App". + +Very strange, as I'm at home and have never used Bird. Being a little suspicious, I immediately froze the card in the app. A few minutes later I get some failed transaction attempts. I cancelled the card and ordered a new one, figuring that was that. + +But this rabbit hole gets deeper. + +An hour later, I get a phone call from a guy claiming to be from Monzo. He tells me he needs to confirm some details about fraudulent Monzo activity. I'm aware Monzo never initiate phone calls directly, so red flags immediately went up. I asked him to prove he was from Monzo and he told me to check the text they'd just sent me against the customer service number on the back of my card. The text number matched Monzo’s legit service number, of course, but spoofing a number that way is trivial. + +The harder part is spoofing the number they're calling from. + +On closer inspection, the guy was calling from 0800 8021 **218**. Monzo's legit CS department number is 0800 8021 **281**. I'm naturally cautious about scams like this, but I can see how some people could easily fall for it at a glance. + +I just told the dude I didn't believe he was from Monzo and that I'd prefer just to call them back. He said I was welcome to but that queue times are over 2 hours and it's quicker to just answer his questions right there. I laughed and hung up. + +The best part of all of this, of course, is that my Monzo account is empty anyway. Happy to waste the chap's time. + +Stay vigilant out there, folks! +What lessons learned might you be willing to share from an investment perspective? Things you wished you had’ve done or shouldn’t have done from an investing/financial perspective? + +Commentary on how you handled your RRSP and TFSA? + +USA investment strategy as a Canadian on a TN? + +Did you keep your property (especially investment/recreational) in Canada or sell it? + +Commentary on buying housing in the USA vs your experience in Canada? + +Tax/investing complications with CRA on becoming non-resident? + +TN hiccups? + +What about those that have returned to Canada? Financially wrt to getting yourself rolling again in Canada investment/banking wise? + +Other international/expat info is appreciated but with all the different countries and specifics I’d like to keep this post focused on 🇺🇸 🇨🇦 + +*please, no bashing of US health insurance or their health system. If you have helpful tips as it pertains to this please contribute. Broad, hyperbolic statements such as the system is “hot garbage” etc are not being sought here. It’s a separate issue I’ll flush out elsewhere and frankly not a concern as far as this post goes. + +If you were doing it over again and leaving Canada for 2-5 years what you do to prep or set yourself up to come back investment wise? + +TIA +**TL;DR:** We're stopping this outstanding Subreddit from turning into a YellowPages/Craigslist Ad for gurus, harbor for frivolous traders, and YouTube channel funnel. The spillover from other sub(s), low quality/effort posts, memes, guru/YouTube/"FollowMeHere", "BuyThisStock" stuff is of the past. The mods goals ^((especially mine)) are to make the subreddit what it was before the influx of new users so you can get the same experience other r/Daytrading users and I had once upon a time. Read the rules before posting/commenting. It would behoove you to read the post in entirety if you want a more granular explanation on how r/Daytrading will be from now on. + +&#x200B; + +**First thing's first:** To those who **know** there is a way to make it in this business and are still going head first into this beast of a journey full force AND/OR are brand new to this looking to prove the "+90% fail" statistic wrong.. I personally commend you. + +I see your usernames remain overtime, some of you chatted with me months ago and check in with me still to this day, and some of you will figure it all out in due time. This post isn't directed to you. We've just gotten so many messages asking that the sub gets cleaned up... and we agree! + +&#x200B; + +&#x200B; + +[In less than 10 months. The subreddit grew 4 times its size. r\/Daytrading had a grand total of 50k subscribers in March 2020... It grew 75k in the last 24 hours to almost 300k.](https://preview.redd.it/n3m4lynqlbe61.png?width=2627&format=png&auto=webp&s=3470a3efecea7057cf50fcc1d15adf531471d303) + +&#x200B; + +&#x200B; + +&#x200B; + +We all know why. The entry-barrier is low to open up a trading account. Times get tough, you turn to the most capitalistic thing known to mankind to try your hand at firing up a trading business in order to strip money from someone on the other side of the screen for a few bucks then selling it to someone else so you can put food on the table and make a few extra bucks. <-- *Because that's the business you're in.* ***A zero sum game***. When you sell for a profit, you took that opportunity from those who sold you the shares/contracts to someone else to have the liability.. when you cover a short position for a profit then return the shares... You siphoned equity from someone's account... **So with that said; from now on...** + +&#x200B; + +**1) Meme Stocks:** This isn't a terminal for people to pump stocks. We don't want that attention. It never works out for the majority. We don't play musical chairs with our trading accounts. You know the PDT rule just so happened to come out in 2001 directly after everyone got blown up in the **speculative** tech bubble boom and bust when there weren't any bidders for said ^(()*^(worthless)**\*\*)* stock's pumped up prices? **This rule was created to mitigate that from happening to novice traders.** I'm sure you don't want more rules and regulation because oblivious retail traders are bagholding a market frenzy. **70,000 new subscribers to this sub in 24 hours... Again, we know why and the market will eat your account alive without a care in the world.** + +&#x200B; + +**2) "Thoughts on <insert\_ticker>?"** \- <-Nobody knows. Those who move stock prices and/or have insider info of where the institutions moving their BILLIONS of dollars... aren't on Reddit. Or any social media. I still haven't run into 1 retail intraday trader who knows what they'll trade the next day, I still don't know what I'll trade until about 20-25 minutes before the open every day and its been that way since starting years ago. + +&#x200B; + +**3) There is common vernacular/acceptable and verboten conversations in each Subreddit.** For instance: Go to r/Stocks, r/Investing, or r/PersonalFinance and ask what they think about trying your hand at day trading. You'll get downvoted, grilled, then probably banned. Well same thing here. Leave the attention seeking emojis in another subreddit where they're omnipresent and accepted. Criticism must be constructive. + +&#x200B; + +**4) YouTubers:** [Check this out](https://www.reddit.com/r/Daytrading/wiki/guidelines-for-content-creators#wiki_no_links_to_your_content_in_comments)... For those looking for content creators/YouTubers to learn how to trade, ask yourself this question, "If I made as much as they claim they make.. would I spend hours a day shooting and editing content for \~0.0025¢ a view pumping out a strategy that took weeks or even months to build for a few digital likes which will dull my edge (that makes me so much money) in the market?" + +&#x200B; + +**Want to build a following? I can recommend 2 options:** + +&#x200B; + +1. *1) Take all of your lucrative trading profits and* ***pay*** *YouTube, Facebook, Instagram, Reddit, Twitter, etc. for ad space.* r/Daytrading *isn't your YellowPages.* +2. *2) Make high-quality posts, be active in the community by engaging in posts, give advice you wish you wish someone would have told you starting out, then leave a URL* ***(THAT DOESN'T LEAD TO A "BUY HERE" PAGE)*** *in your Reddit bio. If someone wants to follow your work.. they'll follow. If they want to contact you... they'll send a message to you. It takes 2 seconds to click on the Reddit handle and see their bio. It worked for my Twitter back when I used to post my watchlist every morning. Now I post my thoughts about trading* ***there*** *rather than polluting this subreddit with my ideas/new pieces of work when they come up.* + +&#x200B; + +**5)** **It is** r/Daytrading. Emphasis on the **DAY**. Daytrading is where you enter and exit a position in the same day. That's what we discuss and strategize. Want to discuss how to Swingtrade? Go join r/Swingtrading. Here is where you post about what trades you took one day or a strategy you're testing then seek constructive criticism from other users THEN test their theories/advice. That's what r/Daytrading has always been. + +&#x200B; + +If you want to post something but not sure if it breaks the rules... it probably breaks the rules. If you absolutely must.. Enable a public draft link and run it by the mods. (**Not** a direct chat to **a** mod... send it to the mod team). We will gloss over it and give the Go or No-Go. + +&#x200B; + +**Brand new? You're not about to wire money to a broker and start** ***consistently*** **producing profits. You might get lucky for a bit though! Especially when the market has been as easy as it is.** + +&#x200B; + +1. Book recommendations? Go to Amazon and get the 4-5 star review books. That's a start. +2. [Read The Wiki Here](https://www.reddit.com/r/Daytrading/wiki/index#wiki_getting_started). (You'll sound way more intelligent and attentive to this business in your posts/questions when you have a grasp of the fundamentals after reading that info. The foundation of my trades came from that simple link and nothing's changed since I started trading years ago. Trading isn't rocket science. It's Up/Down. Green/Red. Profit/Loss. Win/Lose. That wiki is solid info. You'll probably know how to wade through YouTube and Google videos to answer your questions after it guides you with trading vocabulary and ideas.) + +# So moving forward: Read the rules and don't break them. + +Lastly, don't be rude. Your attitude here is a direct reflection of your life. Successful individuals aren't condescending or wasting their time with name calling no matter how warranted it is. + +&#x200B; + +All the best and success is a marathon, not a sprint. It takes a good while to get good at this business! + +&#x200B; + +\-CJT2013 +Hey guys! + +So my girlfriend has answered a post in a private facebook group requesting if anyone would like to make money from home. The individual that posted the ad seems legit, long standing account many friends and posts and legitimate pictures. The individual says she requires someone for financial management, receiving payment from their business client, then making payout to customers for goods and services. The individual says they will train her in performing her tasks, and has requested my girlfriend to open a bank account with a specific bank. Apparently the person sells fabric and textiles, when she received her resume the individual said that she can start tomorrow using her personal account, until the new bank card is received. I'm leery of the situation as she doesn't know this person personally and also wonder why the person wouldn't use an accountant/legitimate financial adviser for this. The person claims to work multiple jobs and does not have the time to perform the financial side of their dealings. We live in Alberta, Canada so i know this will narrow down the responses. Wondering what precautions she should take concerning taxes. Essentially my girlfriend will receive money from this individual and be required to pay out her vendors i do believe. Is this going to become a big issue come tax times. What are the risks of her receiving large amounts of money and distributing from her personal bank account. Could this be some sort of scam or a way to make her a potential scapegoat for illegal dealings as a sort of middle man. We're not crazy financial savvy and i wish i knew what kind of things any of you would look to give advise, i'll respond to comments as much as i can. Plz help!P.S. the individual is requesting my girlfriend work 5 hours a day, 5 days a week for 50$/hr working out to $5000 a month without taxes. I do believe this individual will meet her soon in person and break down the whole situation, not sure if there will be paperwork or agreements involved.Thanks a lot guys! + +​ + +Edit 1: After some of the comments, i'm wondering if she requests the individual open an account in their own name, giving her access could this protect her. + +​ + +Update 1: The individual specifically has asked for her to send all the answers to security questions, passwords and account info. Obviously this is an absolute no go. + +Update 2: This person has now sent screen shots of their business account showing in excess of 12,000$ and has said that they require my girlfriend to operate from her own account to see how she manages it before giving her access to their business account. + +Update 3: Sorry guys! I was away doing the dad thing, but i have been telling her from the start that it's crazy and that there's no way she should entertain it. Your guy's overwhelming response has helped me sway her to see the light. You guys don't let me down thanks a lot but she will not be opening any new bank accounts in the near future :) +#Just a reminder, invitations will expire 15 minutes after they are sent. Please accept them ASAP. + +If you miss your invite, you will eventually be reinvited, but it may take some time. + +You can increase your chances of being invited sooner by being active on r/wallstreetbets and remaining subscribed. + +--- + +#UPDATE, APR 2ND - MODS ARE STILL BEING ADDED + +#UPDATE, APR 3RD - MODS ARE STILL BEING ADDED + +#UPDATE, APR 4TH - MODS ARE STILL BEING ADDED + +#UPDATE, APR 5TH - MODS ARE STILL BEING ADDED + +#UPDATE, APR 6TH - MODS ARE STILL BEING ADDED + +#UPDATE, APR 7TH - MODS ARE STILL BEING ADDED + +#UPDATE, APR 8TH - MODS ARE STILL BEING ADDED + +--- + +Make sure you comment and upvote because... + +If we reach 5,000 comments, everyone gets some mod privileges. + +At 7:04PM we reached #1 on r/all!! Everyone gets full permissions!! HAVOK IS ON THE WAY + +Stretch goal: + +#80,000 COMMENTS + +Thread will be locked at 23:59 PM Apr. 2nd, so make sure to comment before then! + +# THE MODDENING 2019 + +**EDIT** + +You have 15 minutes to accept the invitation or it will be rescinded, as there can be a maximum of 25 pending invites at any one time. + +**EDIT 2** + +We have hit the rate limit! https://i.imgur.com/b2gBgcL.png + +The moderator invites will resume in 1 hour! + +Again, **everyone who comments below will be modded eventually** + +**EDIT 3** + +Currently #400 on r/all... + +#UPVOTE IF YOU WANT TO SEE THE WORLD BURN + +**EDIT 4** + +\#250 now... the modpocalypse is nigh... + +If we hit #1 on r/all, we continue adding moderators as fast as we can (considering the ratelimit). + +Once everyone has been added as a moderator, we will shut down the subreddit and give everyone full permissions. The subreddit will then open to the public on the following business day at 9:00am + +**EDIT 5** + +5,000 comments! -- All mods will be given mail privileges, use it wisely! + +**EDIT 6** + +Fun fact, reddit tab notifications only go up to 9K + +https://i.imgur.com/b9TRGx6.png + +https://imgur.com/a/EquFIsP + + +**EDIT 7** + +(updated) + +moderator reports: + +Bacchus_IRL: OP is the kind of faggot to secretly just have vanguard funds and no options + +user reports: + +104: This is spam + +66: MMMFFFPPHHHMMMMM THESE CRAYONS ARE DELICIOUS + +39: It's involuntary pornography and i appear in it + +35: Fake, Fabricated, Phony, Con, Fraudulent. + +32: <no reason> + +27: Political Bullshit + +19: No Bullshitting + +18: It's a transaction for prohibited goods or services + +16: It's sexual or suggestive content involving minors + +9: It's rude, vulgar or offensive + +8: Glorifying Losses + +8: Bad Robinhood Screenshot + +5: It's targeted harassment at someone else + +5: Generic meme detected + +5: It's involuntary pornography and i do not appear in it + +5: It's targeted harassment at me + +3: Spam + +3: It's personal and confidential information + +3: Personal and confidential information + +3: Don't Glorify Losses + +**EDIT 8** + +This thread was made in conjunction with, and is endorsed by, r/teenagers +Throwaway acct for privacy. + +My partner and I have 2 small kids and have had trouble agreeing on where to live. We both love where we are from and it’s important to both of us to spend a lot of time in our respective hometowns. We obviously should have worked this out before we got married and had kids, but here we are. We have very flexible jobs (we are both tech company founders) and have plenty of cash though. + +One solution we are considering is just living in his hometown during the school year and mine during the summers. + +Has anyone done this with small kids? Did it work for you? Fail miserably? Any tips? Feels like a very FatFI kind of problem so asking here. +Project is fully renounced and there are no developer wallets = NO RUG TO PULL +Yeet reached a 3 million market cap in 2 hours, 7.8+ million 17 hours later. +Yeet’s trajectory is extremely reminiscent of Bonfire so far + + +Be honest, most of these things aren't built to last that long, but that doesn't mean you can't 10x, 30x or even 70x with these babies on the regular. We’ve all seen several memecoins this week go 10-30x, and those aren't even the best ones. All you really need is a solid group, a great smart-contract, and big hype - we can bring this to the table, and give you plenty of opportunities to multiply your investment several times over. +I won't promise you to plant a tree for every buy order or to clean up the entire ocean - these things are meant to be fucking YEETED. This is our mission. + +*'So why even yeet?'* +Unlike other tokens in this space, Yeet doesn’t heavily penalize you for trading it or holding, instead the token has cleverly been optimized to yeet. +DYOR: This token cannot be rugged or controlled in any way by the team or anyone else once launched - we don’t even have a wallet, literally all of it goes to the presale supply and the locked LP, dev has to buy-in like everyone else. Sniff the code, do whatever you have to do, and you’ll see that we’re in it for the yeet. + +[TOKEN SPECS] +👉1,000,000,000,000,000 Starting Supply 🔥50% Pre-burn +🕳6% per Transaction = 💧4% Back to LP + 🌽 2% Reflection to holders (4% LP so we won’t dry up when we're mooning, moderate reflection to yeet even harder) + + +Proof of fully Renounced Ownership: +https://bscscan.com/tx/0x5eeef8ebc2a336f4770f0b069cf40699885e837b7ce90720c8cd495ba464e9ec + +Whitepaper: https://pdfhost.io/v/VlJMvYYUj_YeetToken_Whitepaper.pdf + +Join us! We are a decentralized community. Each one of our socials were created and owned by non-devs, aka the community. The original creators of Yeet only control the Telegram. + + +Socials: +Telegram (3300+): https://t.me/YeetTokenOfficial +https://www.reddit.com/r/YeetTokenOfficial/ +https://discord.gg/jfBBRCgr +https://twitter.com/yeettoken_hq +https://www.instagram.com/yeettoken/ + +Website: https://YeetToken.com +PancakeSwap: [Buy on PancakeSwap](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x7060d3f1cc70a07f4768560b9d9b692ac29244de) + +YeetToken was born 36 hours ago - it’s still very, very early. +I am curious. Which Economics PhD subdisciplines has the toughest math and which has the easiest or least math? + +EDIT: If possible can someone please rank all the economic PhD subdisciplines based on how mathy each is? +Thailand raised the cap to 70% which I think is still pretty safe. When does it get unsafe? If more complicated, how does the Thai situation look at the moment? +Just saw this on twitter and found the source --- huge news! + +This probably will lead more banks to do the same. + +**Rein in those shorties !!!** + +**"** + +**Investment Banking Company Jefferies suspends short sells on $GME and another 2 stocks!** + +Jefferies said to block short sells in GME, and another 2 stocks from being executed. + +From a trader: + +"In addition to naked options, effective immediately, we will be blocking all short sells from being executed at Jefferies. If you choose to execute away, the trade will be subject to review by Risk/Margin prior to being affirmed." + +" + +Original tweet: [https://twitter.com/Joshuajammes/status/1400471689549520901](https://twitter.com/Joshuajammes/status/1400471689549520901) + +&#x200B; + +(**cant post the original news link because the link mentions the movie stock and gets blocked by the bot - you easily find it on google - the news source is** [https://www.streetinsider.com/](https://www.streetinsider.com/) . Just copy paste the trader quotation to google) + +EDIT 3: + +2 Apes have accused this post of being FUD because there was no link or formal announcement from the bank. **There are now articles confirming this by** **Bloomberg**, **Benzinga. Seeking Alpha is also quoting it.** According to Bloomberg the Bank has announced this to its clients today. + +We cannot expect the Bank to send out a public statement about this, cmon... hush hush please, let's not expect them to tell the entire planet that the short squeeze is coming. (irony much) + +&#x200B; + +**Important note**: while the original news story only quoted an anonymous trader that works at the Bank, the story by Bloomberg states that **Bloomberg has seen the Memo that was sent to clients** with this information. + +\--------------------------------- + +Edit 1: I wrote naked shorts on the title but I meant naked options as in the quote. + +\--------------------------------- + +Edit 2: + +Jefferies is an Investment Bank that allows corporate clients (hedgies and the like) to invest through Jefferies. According to their website, their clients are **corporate and financial sponsor clients.** + +" + +Jefferies Investment Banking is a global leader, offering deep sector expertise and broad advisory and capital markets capabilities **to corporate and financial sponsor clients**. With approximately 900 investment banking professionals across the Americas, Europe and Asia, we provide global coverage across all products and sectors. + +&#x200B; + +Also as pointed out by [Public-Ad6926](https://www.reddit.com/user/Public-Ad6926/): + +it appears Jefferies has been targeted by short-sellers back in 2011. See link here: + +[https://www.gurufocus.com/news/153760/jefferies-ceo-issues-letter-saying-shortsellers-spreading-malicious-lies-about-company](https://www.gurufocus.com/news/153760/jefferies-ceo-issues-letter-saying-shortsellers-spreading-malicious-lies-about-company) + +Karma is a BITCH. + +&#x200B; + +**TA;DR: Jeffries does NOT want to be the one holding a colossal bag of** 💩 **when the short squeeze starts, so it just announced: if you want to SHORT GME - GO SOMEWHERE ELSE.** + +&#x200B; + +\--------------------------------- + +Edit 4: DFV posted a song about "**JEFFREY**" 15 minutes ago. Not sure if he reads this, but if he does let me just say: you're The Absolute Legend. No "hero-worshipping", just fully acknowledging and appreciating the GOAT. + +[https://twitter.com/TheRoaringKitty/status/1400522985375780872](https://twitter.com/TheRoaringKitty/status/1400522985375780872) + +&#x200B; + +\--------------------------------- + +Edit 5: This news story is now up on Zero Hedge, as well as **Yahoo Finance**. Finally, a link that is not blocked: + +[https://finance.yahoo.com/news/jefferies-blocks-short-sells-gamestop-174600093.html](https://finance.yahoo.com/news/jefferies-blocks-short-sells-gamestop-174600093.html) + +&#x200B; + +\--------------------------------- + +TADR2: To the apes asking why this is important - this Risk management stance is important because it: + +\- sets a precedent that may (will) be followed by other industry players, thus reducing the amount of avenues for shorting GME. According to Seeking Alpha, there is already a second bank following this idea (Raymond James but it seems they only announced no shorting for the movie stock). + +\- confirms the ape's thesis that shorting GME is a very very high-risk play, so much that it's not accepted by certain banking institutions, because guess what ----------- the Tendie man cometh. + +\--------------------------------- + +Edit 6: + +Ape [jaypeepeeee](https://www.reddit.com/user/jaypeepeeee/) linking everyone to a post that found Jefferies was **the broker who was responsible for GME's share offerings.** + +[https://www.reddit.com/r/Superstonk/comments/nrm8va/was\_reading\_the\_gamestop\_10k\_from\_march\_and\_i/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf](https://www.reddit.com/r/Superstonk/comments/nrm8va/was_reading_the_gamestop_10k_from_march_and_i/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +&#x200B; + +\--------------------------------- + +Edit 7: + +24 hours have passed since my post, and the expected reality is materializing. Other banks did not waste more time and are also placing restrictions against shorting GME and other ultra-shorted stocks - this time Goldman Sachs Group Inc., Bank of America Corp., Citigroup Inc. + +[https://www.bloomberg.com/news/articles/2021-06-04/wall-street-banks-rein-in-hedge-funds-short-bets-on-meme-stocks](https://www.bloomberg.com/news/articles/2021-06-04/wall-street-banks-rein-in-hedge-funds-short-bets-on-meme-stocks) + +**Please remember that this doesn't mean the shorting, or the naked shorting, will stop. It just means that, officially, it will be more difficult, there will be less avenues for it. This may also be used to give longs a false sense of victory.** + +**Nothing has changed. MOASS OR RICE NOODLES** + +Can apes dream of a future without naked shorting and all kinds of fuckery? Maybe not yet, but perhaps it may be moving in the right direction. + +Now... **rein in those wild shorters please, they've already pissed all over the market.** + +&#x200B; + +&#x200B; + +https://preview.redd.it/x0x6r56uwi371.png?width=640&format=png&auto=webp&s=cdd9ce444e0e21bb7eba962a667ba5712af0982c +I know we see a lot of high income posts here and I wanted to share my small milestone and how I got here. It's a nice feeling for me and it's tough to share that feeling with people in my life so I'll share it with you. + +I'm currently 29, I graduated in 2013 with a Bachelor's in Environmental Science, 90k of student loan debt and no strong direction of where to take it. I moved back to my home town and started working at a hotel while I looked for more career oriented jobs, but didnt come up with much over the first 2 years and over those years realized I quite loved what I was doing so decided to continue. All of a sudden its 8 years later, still loving what I do and have a little to show for it. + +I make $17.25 hourly thanks to my transition to a supervisor role, and make a reasonable amount of tips on top of that, I estimate about a 60k a year income. + +I've dropped my student loans to about 4k at the moment, should be done this year. I have a 15 k emergency fund, 70k in investmests between a Roth IRA (Betterment) and a 401k through work. I also have 20k in a slightly more conservative investment portfolio (also Betterment) in hopes of buying a home sometime soon, as I am currently renting. + +All in all nothing crazy but wanted to share my personal journey of consistent saving up to this point, and say that I'm happy to be part of this community, its helping current me and future me simultaneously. +**TINFOIL-HAT TIME** + +*TLDR: RC IS A PLEASRDAO MEMBER AND BOUGHT THE ONLY COPY OF THE WU-TANG ALBUM 'ONCE UPON A TIME IN SHAOLIN' AND IS GOING TO AUCTION/DISTRIBUTE IT FIRST AS AN NFT ON THEIR NEW BLOCKCHAIN MARKETPLACE* + +I will try and keep it short since most of this already got posted, but it didn't get the attention it deserved so i made a little compilation about the information available to us. + +As many of you know: Wu-Tang-Clans only-one-copy Album '*Once Upon a Time in Shaolin*' got boughtfrom the federal government by an anonymous buyer. Last week a collective named "**PleasrDAO**" announced that they purchased the album for over $4M back in july. + +Bloomberg did an interview with "PPLPLEASR", one of the NFT-Artists of the group.And oh boy did it jack my tits. Skip to **minute 2:00** for the important part. [Youtube link](https://www.youtube.com/watch?v=yQA5iBOfwog) because vreddit sucks + +Edit: [Bloomberg Source](https://www.bloomberg.com/news/videos/2021-09-02/bloomberg-markets-the-close-09-1-2021-video) + +https://reddit.com/link/qdsr4r/video/7hot7qdm03v71/player + +Okay okay, let me get this straight: She starts talking about the not existing scarcity in the online world because everything is copy & paste and how NFTs on blockchain are going to change this and suddenly we see the gamestop NFT website??!! Hold up! + +&#x200B; + +PleasrDAO, you now have my attention. Let's check their twitter! + +[PleasrDAO Twitter Banner](https://preview.redd.it/fwbujs9s03v71.jpg?width=1500&format=pjpg&auto=webp&s=01123b53ef271ac20f8043c5e18977cdd856c00f) + +Whaaaat? An ice-cream cone, a frog, a monkey and fking rocket! Does that remind us of something??!! + +&#x200B; + +SO WHO IS THIS GROUP? PleasrDAO is a relative young group, not even a year old. But they already built a reputation and have an amazing digital art collection. + +So hear me out: They bought elons hyped c0iiiin as a MEME NFT and fractionalized it into billions of ERC-20 tokens so people could buy it for $1. + +Man this sounds amazing and pretty similiar to the DDs we had about a possible NFT dividend for GME shareholdes. Remember the Glass Castle DD EIP-721 + ERC-20 = **741** + +&#x200B; + +And it doesn't stop here: + +[A Group of 74](https://preview.redd.it/1557afvx13v71.png?width=823&format=png&auto=webp&s=9df78a6a32578bd2fe20ba1dff8d1f373a3f1081) + +So PleasrDAO is a collective of **74** members. No way, again this number? What if.... could it be? + +**74** members and **1** album?! + +&#x200B; + +Do we know everyone in the group? Well, there is one that wants to stay anonymous, but still decided to get into the picture with his black hoodie covering his face. + +https://preview.redd.it/5riugdz723v71.png?width=960&format=png&auto=webp&s=f7c2c031741a217a868f3413d7a805f57c60bc75 + +And again, something familiar that reminds us all of someone... Daddy Cohen. + +It's all just theory and assumptions at this point, but it isn't just a late-night-full-on-crack theory anymore. There are legit hints online. + +And Voilà, if they decide to distribute the rights to the album through tokens on GMEs(Looprings) NFT marketplace or right away through a dividend... BOOM, we have an atomic bomb that will hit the market like nothing seen before. + +I don't believe 741 has just one meaning. It can be found everywhere. Every DD on it is important and brick by brick we get a bigger picture. + +Ryan Cohen planned most of it over a year ago. Gamestop is just the vehicle to realize his dream of an blockchain marketplace revolutionizing the industry. The man is playing 5D-chess + +I think we're close apes! Very close, like 2-6 weeks close! + +So long, have a nice weekend! +This is a silly but I hope relatable thing I wanted to share in the hopes it might help some folks. I came into money quickly in my 30s when I sold my first business. In my childhood we were poor, and I was financially independent from age 16. So coming into money rapidly was awesome but not without its challenges. It takes a while to fully 'settle' in. One of the last (and latest) things I had to do was give up being curmudgeonly to my kids about their wastage of ketchup and mustard. Somehow, my kids using too much ketchup was an irrational symbol of some threat to my financial security. Did I mention it was totally irrational? Finally I came to realise that fighting the overuse of ketchup was futile and ridiculous and that it was not at all a threat to anything. But there was a subconscious part of me that took a little too long to realise that. I finally 'let go' when I told myself "We could buy a million bottles of ketchup and it would have no appreciable affect on our financial security..." + +Just me? + +(And before you mention it, my kids eat healthy, we don't even use ketchup that much). +This is complete speculation, please take this all with a grain of salt, and no dates… but… + + +For those of you that have read the DD about the crypto dividend I’m sure you’ve heard of the ability that it has to absolutely fuck the shorts, [much like it did with Overstock way back when.](https://www.irmagazine.com/technology-social-media/how-overstock-used-blockchain-distribute-its-digital-dividend#:~:text=The%20OSTKO%20token%20represents%20a,liquidation%20rights%20of%20common%20shares.) I won’t be going into the details of how well this would work, there’s other DD on that, or the legal issues surrounding it, which GameStop has covered their ass in concern of this, but I will mention why I think that this week will end amazingly. + + +The date of the token at nft.gamestop.com is July 14th, which many have pointed out to be Bastille Day, where the citizens of France stormed the military fortress and prison of Bastille, a major turning point in the very french revolution (an uprising very much based on ‘eating the rich’). Technically settlement makes this iffy and they could announce the record date being the 16th which would mean that the moass ends on the 14th, which would also be cool. + + +If Gamestop is to issue a dividend they are to inform the public at least 10 calendar days in advance of the record date, as per NYSE rules. Let’s pretend for a second that the record date is July 14th. + + +July 4th would be the latest that this dividend was to be issued, and today is the earliest. Clearly it won’t be today because [CEO Matt Furlong’s compensation is based on the closing price of June.](https://www.reddit.com/r/Superstonk/comments/o7ek0q/a_lot_of_apes_are_forgetting_about_the_details_of/) + + +July 4th looks nice, as Cohen [has tweeted](https://twitter.com/ryancohen/status/1399526466770059268?s=19) flags [a couple of times](https://twitter.com/ryancohen/status/1385989779129503746?s=19), but unfortunately July 4th won’t work either, as it is both a holiday and a Sunday. + + +July 3rd won’t work because it’s a Saturday (dividends can’t be announced on a weekend because the SEC office is closed). + + +This leaves us with July 1st and July 2nd. + + +July 1st is a possibility, and maybe that would make sense. Furlong gets fairly paid his shares and July 1st is Canada day which could possibly have been construed from Cohen’s recent Terence and Phillip tweet, but that would be on an odd day and that tweet was better related in that DD about him tweeting shit before GME shits. + +Now July 2nd… July 2nd. It’s on a Friday, which is lovely, and it’s the weekend preceding the 4th of July. It would be very hype all on it’s own but you know what really makes me think it’s the perfect day? Remember those American flag tweets? + + +[July 2nd is ‘Made in the USA day’.](https://www.checkiday.com/79893609718e2d80665086187bfda4dd/made-in-the-usa-day) + + +And guess what happens if those tweets come out after hours. The first trading day following that is July 6th (the fifth being closed for July 4th’s observance). July 6th being the morning of a Tuesday. A Tuesday morning. + +[Now where have I heard that before?](https://www.reddit.com/r/Superstonk/comments/mpyk55/tuesday_morning_it_is_streetview_from_the_store/) + + +Tits jacked. *ᴮᵘᵗ ᴵ ᶜᵒᵘˡᵈ ᵇᵉ ᵗᵒᵗᵃˡˡʸ ʷʳᵒⁿᵍ ᵗʰᵒᵘᵍʰ.* + +--------------------------------------------------------------------------------- + +EDIT: Additionally, I think it would be in Gamestop's best interest to do so. This would ensure that all the July 16th options go in the money, so even if it doesn't manage to force all the shorts to cover (which in my opinion it does, but let's pretend it doesn't) and simply introduces a ton of buying pressure, the buying pressure + gamma squeeze from those contracts would send the price of GME far past the point of forced liquidation. The E tee H (why is their a filter for something literally Gamestop related) smart contract is also already in place, and while I don't know if they put in the ability to alter it after the fact, if they didn't then this could ensure no interference with said token. I also think if they were to announce that they are launching an NFT platform they would probably do so in conjunction with the dividend, and a few days in advance, not have it be immediately live. Granted, they could just be launching the token then and all of this is irrelevant, but I choose to believe that the leadership is cooler than that and would like to get this along as soon as possible to actually do work in the company and not be inundated with dealing with all of this naked shorting and moass stuff. + +(If you're seeing this twice it's because the post got deleted by the automod for crypto words :/) + + +EDIT 2: + +["Put on your tinfoil hat and look at RC’s past tweets. On April 24, he posted a pic of an American flag. How many days are there between April 24 and July 2? 69 days."](https://www.reddit.com/r/Superstonk/comments/oatbcn/im_calling_it_now_this_week_is_going_to_end_well/h3jiz4j) + +I'm going to cum. + +EDIT 3: I am not saying Friday's going to trade well btw, just that we might get an announcement friday. + +~~EDIT 4: Okay so dividend declaration dates might be able to be done on weekend/holidays? I figured not for SEC filing purposes... however I can't find anything that says that they can't [and some evidence that says that they can...](https://www.reddit.com/r/Superstonk/comments/oatbcn/im_calling_it_now_this_week_is_going_to_end_well/h3l5uxx) if so then July 4th might be the actual date.~~ + +EDIT 5: From reading [this](https://academic.oup.com/rfs/article/2/4/607/1587121?casa_token=WeDq43HiQqkAAAAA:vlVkPBxiT35evI8B8winiCD8HqjUDSCpK90k1qeK-wFSBX98r9e0xXl5QPez_GvhAFwqd4pUTVsXpg) academic article that studies the timing of when dividends are released and their effect on the market, it implies that dividends can only be released on weekdays. + +EDIT 6: https://twitter.com/ryancohen/status/1410398196610723842?s=20 + +If it happens tomorrow I'm going to cum. Send all those options ITM? Yes please Daddy Cohen. + +EDIT 7: Lmao. +Never thought a day would come where I'd be writing this but my dad passed away about 20 days ago due to long standing illness. + +He has left a net worth of around __ in various bank fixed deposits, some policies and a now not so profitable (we're still breaking even) business behind. + +My mother (a senior citizen) and I (28/M) are the only legal heirs, I'm unmarried. + +There are some lands to our name which I won't get into right now, rest assured documentation is proper. + +For context, I earn about 1 (state govt job, about -__in hand post deductions) and my mother has about ___ pension. + +We don't have any debts/liabilities/emis, no money intensive future plans in the pipeline for now (like my marriage). + + +Most of the amount is in FDs, and I'll be putting the amount I get where I was a nominee to my mother's name aswell since its good for tax benefits and I want my mother to be the last signing authority on all that my dad has left behind. + +I'm considering about 85% of amount to invest in FDs (mother will have senior citizen benefits) and invest the remaining in simple index, next 50 and one other fund. I'm keen on fds since the interest would be enough without having to deal with extra headaches of tracking various investments. + +Am I on the right track? Or is there some glaring mistake in the plan that my not to financially equipped mind is overlooking? Any inputs/advises are appreciated. + +Edit : both dad and mum have 15L senior citizen saving scheme active + +Edit 2 : apologies for not providing enough info, my parents like an average middle class Indian kept their investments simple, them being senior citizens and my dad handled most. + +I invest via zerodha coin in an elss (switched after 2 years of ppf), and I invest in uti nifty 50 index and was about to start nifty next 50 sip aswell. + +I don't think lumpsum is good idea since the market is already at an high, even though in 10 years time it shouldn't matters much I guess? + +Edit 3: edited the specifics since post history is a thing. Might delete this in a while as I feel this has served its purpose. Thanks for the suggestions here. + +https://news.bloomberglaw.com/tech-and-telecom-law/softbank-says-unaware-of-sec-probe-into-securities-trading + +On Wednesday, short seller research site PlainSite posted a letter from the Securities and Exchange Commission on Twitter revealing that the agency is investigating SoftBank, the Japanese telecommunications company and investing giant notorious for financing various unprofitable “technology” companies like WeWork, Uber, Compass, and Oyo. + +Aaron Greenspan, founder of the Think Computer Foundation that runs Plainsite, filed a FOIA request in December 2020 for "any investigative materials [from January 1, 2018 to the present] pertaining to the various SoftBank companies controlled by Masayoshi Son, specifically relating to SoftBank's trading of stocks and derivatives on those stocks." + +This request was filed in response to the revelation last fall that SoftBank was the "Nasdaq whale.” SoftBank was responsible for stoking a huge rally in tech stocks, the Financial Times reported, because around August it began buying billions of dollars worth of call options in a shift for the company, fueling a rally that pushed up the share prices of tech companies it held billions of dollars of equity in. + +Thanks in large part to a rally sparked by SoftBank’s high-risk market plays, firms like Tesla and Apple were up 74 and 21 percent, respectively, in the month of August alone. Executed through a small desk of traders and chief executive Masayoshi Son himself, the trading unit―named SB Northstar―and its bets won the company some $4 billion in gains at the beginning of September, before quickly melting away into nearly $3 billion in losses by the end of the month. + +In a January letter responding to Greenspan’s initial request, and months after the reporting on Softbank became public, the SEC said that its search did not turn up any relevant records. Greenspan appealed the decision on March 9 and two weeks later received a letter saying that responsive records were identified, but they could not be released under legal provisions that cover ongoing investigations. + +“We have confirmed with Division of Enforcement staff that the investigation from which you seek records is still active and ongoing,” the SEC letter stated. + +According to the letter, the SEC maintains that releasing the records “could cause harm to the active and ongoing enforcement proceedings because, among other things, individuals and entities of interest in the underlying investigation could fabricate evidence, influence witness testimony and/or destroy or alter certain documents,” in addition to revealing cooperating witnesses and the general scope of the investigation. + +The debatable merits of the SEC’s denial aside, an investigation into Softbank may indicate that its risky trading strategy is catching up to the giant. SoftBank unwound its Nasdaq derivative positions by December 2020 after investors questioned its "controversial strategy" which could've lost the company billions more. The last look at SB Northstar's books at the end of September showed that it had bought about $17 billion worth of shares in the US tech market, with another $3.4 billion in bets to prop up their prices. + +SoftBank did not immediately respond to Motherboard’s request for comment. The SEC declined to comment. +I want to buy an RV out of state and drive it home, but the seller wants the funds in cash, rather than cashier's check. +I worry about things like this: + +https://liveandletsfly.com/tsa-seized-legal-money-wont-return/ + +It's not that much, but $25k is still a lot. +My credit union doesn't have a branch where he is, and my credit union recently stopped being a "shared branch", so they aren't really part of the credit union Co-op any more I believe. They weren't able to find a branch they participate with near Denver that I could get the money out of. +Not certain how to proceed. +It's a special kind of RV, and they aren't easily found and bought. The seller is giving me a bargain because of cancer. We can't afford a new RV, my wife wants to travel a bit, but needs a private bathroom. We have a van, but it's not suitable anymore. +Hi fatties! I'm somewhat active on this group, using a throwaway as I think my post history could identify me. I've learned so much from this group. I'm at a crossroads on how to proceed. + +Sold tech startup 2 years ago at 38 (now 40), total NW \~$6.5m after tax. Expecting inheritance of \~$3.5m (current value) somewhere down the line. Currently FIREd in Bay Area VHCOL (renting), married/no kids. + +Last 2 years of FIRE have had ups and downs. I'm enjoying the freedom and no stress (spend is \~$120k/year with lack of travel and to be conservative early on), but have thoughts/depression around social comparisons with people who have more $, loss of identity, boredom and lack of social interaction during the week, and the camaraderie of a team of smart folks. + +Through my network, I have an offer at a late-stage pre-IPO tech unicorn (think Coinbase, Roblox, Instacart, Databricks, etc). Offer is currently worth 1.6m cash + \~2.5m equity pre-tax over 4 years at current valuation, but could 2X-4X or higher depending on obviously current frothy market conditions, which could be $6-15m pre-tax ($4m-$8m after tax) over 4 years. Job would likely be time-consuming, annoying, and stressful, but good chance it could be a material amount of money. + +How would you think about this? It is worth the potential extra $ to unFIRE? What would you do? +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/EKU2tVBp9u) +Ethereum is currently at $999, for the first time since January 2021. + +Great time to buy in this bear market, but I wouldn't put too much in now as it may go lower. + +Keep HODLing as usual. +Hello! + +I am a new graduate who is hoping to advance my career in medicine (currently applying to schools). Because of this, I am temporarily working in a hospital as a Nurse Tech. I recently interviewed and accepted a position in our Emergency Department under the same title. + + +I received an offer via email and accepted. HR lady responded with "I am going to consider your email as formal acceptance of the position." Now, after emailing her again, she responds saying: + +> *"I will need to revisit the pay amount that I originally offered you for the position and get back to you, it looks like based on your experience that it will not be the original offer amount."* + + + +Am I SOL? I haven't signed any official documentation but we have both acknowledged my acceptance of the position. This has been a headache. Any help is appreciated as I am a little upset and confused at the moment. **In total, this would likely decrease my yearly salary by $8000/year.** +**TL;DR** To all the shills screaming "SuPeRsToNk iS lItErAlLy QaNoN", here is a complete list of market manipulation tactics used by Hedgies so far as documented by PhDs, professors, CEOs, and people that are generally in all accounts way smarter than you. Enjoy. **💎🙌 🚀** + +\------------------- + +As shills and FUD posts continue to attack apes on their personal decisions to hold GME shares, I feel that it is necessary to create a central hub displaying every market manipulation tactic used by hedge funds in this GameStop Saga so far. To be absolutely honest, the mere fact that there are shills that care so much about other people's personal financial decisions is basically proof that the GameStop situation is **not** over. That being said, I understand that there are people suspicious of r/Superstonk and that actions by certain members in this subreddit is definitely not helping. If there are any journalists willing to report on this incident, this can be a good place to start researching as well. + +This compilation will start with the overall thesis on Naked short selling, the influence of the DTCC, and then go on in a somewhat chronological order of the discovered tactics. + +# Naked Short Selling + +Top of the list is obviously the book Naked, Short and Greedy by Dr. Susanne Trimbath. Below is a link to buy her book. + +* **Naked, Short and Greedy— Wall Street's Failure to Deliver** + * [https://spiramus.com/naked-short-and-greedy](https://spiramus.com/naked-short-and-greedy) + +If you are interested in the impact of Naked short selling on proxy voting, here's an article recommended by Dr. Trimbath during the Superstonk AMA. It was written by Bob Drummond and published in *Bloomberg Markets*. + +* **Corporate Voting Charade** + * [https://web.archive.org/web/20060421085925/http://www.rgm.com/articles/FalseProxies.pdf](https://web.archive.org/web/20060421085925/http://www.rgm.com/articles/FalseProxies.pdf) + +And of course, here's the link to the AMA interview with Dr. T herself. + +* r/Superstonk **Live - Dr. Susanne Trimbath, PhD - April 29, 2021** + * [https://www.youtube.com/watch?v=fGVY2Kco8ng&t=2451s](https://www.youtube.com/watch?v=fGVY2Kco8ng&t=2451s) + +If you simply want a fairly concise version of what is naked short selling, here is an article published in *The Journal of Trading* by Robert Brooks and Clay M. Moffett. You should be able to finish this in around 45 minutes. + +* **The Naked Truth: Examining Prevailing Practices in Short Sales and the Resultant Voter Disenfranchisement** + * [https://csbweb01.uncw.edu/people/moffettc/about/Research%20Papers/IIJ-JOT-BROOKS.pdf](https://csbweb01.uncw.edu/people/moffettc/about/Research%20Papers/IIJ-JOT-BROOKS.pdf) + +If you prefer to listen to a business CEO instead of an academic, here's a lecture recorded by Patrick Byrne, CEO of [Overstock.com](https://Overstock.com). + +* **Dark Side of the Looking Glass -- UNCUT and intact audio** + * [https://www.youtube.com/watch?v=qtkaMx12otQ&t=2323s](https://www.youtube.com/watch?v=qtkaMx12otQ&t=2323s) + +And here's a basic 4-minute video explaining what is Naked short selling by Patrick Byrne. + +* **Patrick Byrne: What is Naked Shorting?** + * [https://www.youtube.com/watch?app=desktop&v=BdBe5\_8z53A](https://www.youtube.com/watch?app=desktop&v=BdBe5_8z53A) + +If you prefer to watch documentaries instead, here's a documentary laying out the basics of Naked short selling directed by Kristina Leigh Copeland. Must watch if you have no idea what's going on. + +* **The Wall Street Conspiracy Full Movie Free Online With Permission of Owner.** + * [https://www.youtube.com/watch?v=Kpyhnmd-ZbU](https://www.youtube.com/watch?v=Kpyhnmd-ZbU) + +If you prefer to read blog posts instead, here's a series of blog posts written by Larry Smith, someone who has worked on Wall Street for nearly 30 years. + +* **Part 1 in a Series of Reports on Blatant, Widespread Stock Manipulation that is Enabled by Illegal, Naked Shorting** + * [https://smithonstocks.com/part-1-in-a-series-of-reports-on-blatant-widespread-stock-manipulation-that-is-enabled-by-illegal-naked-shorting/](https://smithonstocks.com/part-1-in-a-series-of-reports-on-blatant-widespread-stock-manipulation-that-is-enabled-by-illegal-naked-shorting/) + +If you want a super technical explanation on how profitable Naked short selling and general manipulative short selling behaviours are, here's a paper written by Professor of Finance at Fordham University, John D. Finnerty. This paper is reposted by the SEC itself. + +* **Short Selling, Death Spiral Convertibles, And The Profitability of Stock Manipulation** + * [https://www.sec.gov/comments/s7-08-08/s70808-318.pdf?fbclid=IwAR25gnSvXR0Fo0FCVrzlgmnwiN4MikTgxAKU5jQFBLNQ\_\_GEzvYAtPFB7cI](https://www.sec.gov/comments/s7-08-08/s70808-318.pdf?fbclid=IwAR25gnSvXR0Fo0FCVrzlgmnwiN4MikTgxAKU5jQFBLNQ__GEzvYAtPFB7cI) + +For some bonus sources, here is a letter to the SEC written by Dr. Jim DeCosta talking about Naked short selling abuse. Full letter here. + +* **Letter by Dr. Jim DeCosta** + * [https://www.sec.gov/comments/s7-08-08/s70808-428.pdf](https://www.sec.gov/comments/s7-08-08/s70808-428.pdf) + +# DTCC + +If you want to know all about the DTCC and how you don't actually own the stocks that you have, here's a paper written by Prof. David C. Donald, + +* **The Rise and Effects of the Indirect Holding System: How Corporate America Ceded Its Shareholders To Intermediaries** + * [https://www.ilf-frankfurt.de/fileadmin/\_migrated/content\_uploads/ILF\_WP\_068.pdf](https://www.ilf-frankfurt.de/fileadmin/_migrated/content_uploads/ILF_WP_068.pdf) + +# Short Ladder Attacks (aka Wash Trades) + +One of the first uncovered tactics (allegedly) used by hedge funds are Short Ladder Attacks. For months shills have claimed that Short Ladder Attacks do not exist and are created by "Wall Street Bet conspiracy theorists". Turns out, we simply got the name wrong— Short Ladder Attacks are actually called Wash Trades. The only reason I added "allegedly" is because Wash Trades are, in fact, very illegal. + +* **Wash Trading** + * [https://www.investopedia.com/terms/w/washtrading.asp](https://www.investopedia.com/terms/w/washtrading.asp) + +Here is ex-Citadel employee Dave Lauer confirming that wash trades could happen. + +* **AMA with** u/dlauer **from earlier today. 🚨awesome interview🚨 All the short ladder attacks we've been talking about, price manipulation? Yup. So amazing to have a true wrinkle brain let us know what's going on. I highly recommend you watch the full video. Thanks** u/jsmar18\*\*.\*\* + * [https://www.reddit.com/r/Superstonk/comments/n5svjw/ama\_with\_udlauer\_from\_earlier\_today\_awesome/](https://www.reddit.com/r/Superstonk/comments/n5svjw/ama_with_udlauer_from_earlier_today_awesome/) + +Edit: Now, we have evidence that Wash Trades exist, we have evidence that Wash Trades could technically happen in Citadel. But do we have evidence that Citadel actually committed Wash Trading? Now, we don't know if they did this time, but we *definitely know* that they have committed Wash Trading *in the past*. Here is some direct evidence. Citadel was fined a grand total of $115,000 on 1/9/2014 for alleged Wash Trading. Check out Disclosure 40 in this document. (Credits to u/[scienceismydogma](https://www.reddit.com/user/scienceismydogma/)) + +* **BrokerCheck Report— Citadel Securities LLC** + * [https://files.brokercheck.finra.org/firm/firm\_116797.pdf](https://files.brokercheck.finra.org/firm/firm_116797.pdf) + +\------------------- + +**It is important to note that all of the following allegations came up** ***after*** **the 28th of Jan. This is concrete proof that the GameStop situation is** ***not*** **over and that shorts have** ***not*** **covered.** + +# Shorting Through ETFs + +Shills are quick to jump in and say things like "tHeY'rE uSiNg OlD dAtA" when it comes to the GME Short Interest. But what if they're not shorting GameStop directly but indirectly through ETFs that *contain* GME? What if hedgies have gone so desperate that they are shorting the entire Russell 2000? Here is a paper written by Prof. Richard B. Evans, a professor from the University of Virginia. Interestingly, his last edit was in March of 2021 to include in the GameStop situation. + +* **ETF Short Interest and Failures-to-Deliver: Naked Short-Selling or Operational Shorting?** + * [https://papers.ssrn.com/sol3/papers.cfm?abstract\_id=2961954](https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2961954) + +If you prefer to watch lectures instead, here's a lecture Prof. Evans did on the same paper. + +* **ETF Short Interest and Failures-to-Deliver: Naked Short Selling or Operational Shorting?** + * [https://www.youtube.com/watch?v=ncq35zrFCAg&t=1641s](https://www.youtube.com/watch?v=ncq35zrFCAg&t=1641s) + +And here are the ppt slides for the lecture. + +* **PowerPoint Slides** + * [https://jacobslevycenter.wharton.upenn.edu/wp-content/uploads/2018/09/Evans-Slides.pdf](https://jacobslevycenter.wharton.upenn.edu/wp-content/uploads/2018/09/Evans-Slides.pdf) + +# Hiding/ Resetting FTDs in Deep ITM Options + +This is a more technical theory that claims Market Makers are hiding/ resetting FTDs through deep ITM options. Personally, I'm not an options expert, so I haven't been following this theory this closely. But you know who *is* an expert on this theory? John W Welborn at Dartmouth College. You know who else is an expert? The bloody SEC. Here are their papers. + +* **Married Puts, Reverse Conversions and Abuse of the Options Market Maker Exception on the Chicago Stock Exchange (John W Welborn)** + * [https://www.deepcapture.com/wp-content/uploads/2007.10.09-J-Welborn-Married-Puts-and-Reverse-Conversions.pdf](https://www.deepcapture.com/wp-content/uploads/2007.10.09-J-Welborn-Married-Puts-and-Reverse-Conversions.pdf) +* **Strengthening Practices for Preventing and Detecting Illegal Options Trading Used to Reset Reg SHO Close-out Obligations (SEC)** + * [https://www.sec.gov/about/offices/ocie/options-trading-risk-alert.pdf](https://www.sec.gov/about/offices/ocie/options-trading-risk-alert.pdf) + +# Buying Shares in Dark Pools & Selling Them in the Open Market + +This theory suggests that Money Makers and Hedge Funds (allegedly) buy shares in Dark Pools like the FADF, and then selling them in the open market, thus suppressing the price of GameStop. The original evidence can be found here in this Reddit post. + +* **Sells through the major exchanges. Buys through the FADF - a dark pool.** + * [https://www.reddit.com/r/Superstonk/comments/mpebkz/sells\_through\_the\_major\_exchanges\_buys\_through/](https://www.reddit.com/r/Superstonk/comments/mpebkz/sells_through_the_major_exchanges_buys_through/) + +Now, are there any credible individuals or groups who support this claim? Shills are quick to draw a literal dark pool in a meme and laugh at it on r/gme_meltdown. Dennis Kelleher, CEO of the non-profit group Better Markets, risked his reputation to file an amicus brief against Citadel. You can find it here. + +* **Better Markets Amicus Brief in Citadel v. SEC** + * [https://bettermarkets.com/sites/default/files/Better%20Markets%20Brief%20in%20Citadel%20v.%20SEC.pdf](https://bettermarkets.com/sites/default/files/Better%20Markets%20Brief%20in%20Citadel%20v.%20SEC.pdf) + +# Payment for Order Flow + +After all the market manipulation we have seen, the problem of Payment for Order Flow seems oddly insignificant. Personally, I believe that the only reason this was brought up in the hearing was to purposely ignore the many elephants in the room. But if anyone is interested, here's the testimony of Dennis Kelleher from the second GameStop hearing. + +* **Testimony of Dennis Kelleher Before the U.S. House Committee on Financial Services Hearing: “Game Stopped? Who Wins and Loses When Short Sellers, Social Media, and Retail Investors Collide, Part II”** + * [https://bettermarkets.com/sites/default/files/Kelleher%20HFSC%20Testimony%20GameStop%20Hearing%203-17-2021%20FINAL%20%282%29.pdf](https://bettermarkets.com/sites/default/files/Kelleher%20HFSC%20Testimony%20GameStop%20Hearing%203-17-2021%20FINAL%20%282%29.pdf) + +# Bonus Material + +Apart from the above (alledged) tactics, there are many more that we simply can't prove. The reason for restricting the buying of GME and many other "meme stocks" by Robinhood, the collusion with the media to pump up other unrelated investments and to reduce the attractiveness of GME, and many more. But as a bonus piece, here is the host of CNBC show *Mad Money*, Jim Cramer, bragging on live TV how he and other hedge funds manipulate the stock market. + +* **Jim Cramer explaining the basics of stock market manipulation** + * [https://www.youtube.com/watch?v=8DJlogbrDcA](https://www.youtube.com/watch?v=8DJlogbrDcA) + +And here is Robinhood CEO, Vlad Tenev, lying under oath when asked about liquidity problems. + +* **GameStopped Hearing May 6th -did Vlad Tenev of Robinhood commit perjury during the Feb 18 hearing?** + * [https://www.youtube.com/watch?v=j0CSzev8T4Q](https://www.youtube.com/watch?v=j0CSzev8T4Q) + +For a full list of how malicious actors control internet forums, here's a post that details it. (Credits to [u/TheGoombler](https://www.reddit.com/user/TheGoombler/) for making the post and u/[DishwashingUnit](https://www.reddit.com/user/DishwashingUnit/) for reminding me.) Of course, no academic can confirm this, but you could basically tell by yourself that these tactics do work. + +* **PUTTING SHILLS ON BLAST, A CONCERNED /BIZ/NESSMAN HAS COME TO SNITCH ON HEDGIE SPYS. MORE INSIDE.** + * [https://www.reddit.com/r/Superstonk/comments/mscsb5/putting\_shills\_on\_blast\_a\_concerned\_biznessman/](https://www.reddit.com/r/Superstonk/comments/mscsb5/putting_shills_on_blast_a_concerned_biznessman/) + +Now, ok. A list of forum manipulation tactics isn't really actual evidence. Do we have actual evidence of bots infiltrating subreddits? Yes! Here are screenshots of bots pumping up obviously fake stocks with tickers such as $SSR, $CUM, and $ASS. + +* **WSB shill bots think SSR is a ticker and are spamming it🤣🤣🤣** + * [https://www.reddit.com/r/GME/comments/lxo166/wsb\_shill\_bots\_think\_ssr\_is\_a\_ticker\_and\_are/](https://www.reddit.com/r/GME/comments/lxo166/wsb_shill_bots_think_ssr_is_a_ticker_and_are/) +* **LADIES AND GENTLEMEN, WE GOT EM** + * [https://www.reddit.com/r/GME/comments/ly07ap/ladies\_and\_gentlemen\_we\_got\_em/](https://www.reddit.com/r/GME/comments/ly07ap/ladies_and_gentlemen_we_got_em/) +* **Ass and Twitty** + * [https://imgur.com/gallery/q4GECmh](https://imgur.com/gallery/q4GECmh) + +Last but not least, for those who would like to "know thy enemy" so to say, here is a speech by Ken Griffin uploaded in 2013. + +* **Ken Griffin Speech - Economic Club of Chicago (ECC) - May 2013** + * [https://www.youtube.com/watch?v=9cwf-JrrE9g](https://www.youtube.com/watch?v=9cwf-JrrE9g) + +\------------------- + +I'd like to leave this post with two quotes from our boy Kenny taken directly from his speech above. + +(34:29) **"No company in America deserves the privilege of being too big to fail. None."** \~Ken Griffin + +(36:05) **"Market discipline is a really important function. When companies are poorly managed, they fail. And that releases the resources that are trapped in poorly running businesses to explore and undertake new opportunities."** \~Also Ken Griffin + +Well Kenny, let's just say that a lot of your resources will be going to be used to "explore and undertake new opportunities." And as you've said, "No company in America deserves the privilege of being too big to fail." + +\------------------- + +This is, of course, by no means an exhaustive list. **If anyone has any other important sources feel free to put them down in the comment section.** To the GME sceptics, now you have it. To all the journalists, now is the time to do your job. + +Peace out. **💎🙌 🚀** +As I write this, GME is in freefall. It just halted at $130, and has continued to fall and is sitting at around $110-120. + +If you came to this subreddit because of all the hype that the GME bubble created, there are two paths you can go now. You can actually learn what it means to invest, or you can head on out. If GME was the only thing that kept you interested in this subreddit, you're in the wrong place. GME was a risky investment at best for those that bought it prior to the pandemic, and pure gambling for anyone that bought it in the last month. + +This subreddit has always been about investing. Over the last week or two, I feel like that this core principle has been lost. A lot of it I want to believe was due to newcomers joining the subreddit. It's great to have new members. But I think a lot of the new members, and even existing members, forgot what investing is all about it. It's about doing research, and taking an educated risk, and holding onto that risk, hoping it will pay you back for more than you put in. It sounds similar to investing in GME if you look at it at face value. But there are many differences. For instance, you don't invest in something that you know is worth less than it is selling for. GME was propped up so high that it shouldn't even have registered on your radar as a potential investment. Investment is about knowing that something is selling at a discount, compared to what it will be worth in the future. We knew and know that GME was/probably still is on the verge of bankruptcy. In other words, we know that it's future value is looking grim. + +There are plenty of companies out there that have a bright future. Additionally, there are many great ETF's and index funds that hold a quality basket of companies. That's what this subreddit is about. Perhaps there are companies that look promising, but you have questions about. Again, that is what this subreddit about. + +For the newcomers, realize that over the next month or two, this subreddit will see far less activity than it has over the last month. In fact, I imagine the same will be true for /r/investing and even our good old friends at /r/wallstreetbets that started this whole thing. The sheeple will leave, and that means that you'll be able to see the forest through the trees. Learn what true investing is. Over the years I've made a lot of money because of this subreddit. More than I ever would have from GME, even if I bought in at $20. Hell, even this year someone mentioned the Very Good Food IPO-- NOTE: please don't take this as a suggestion or pump, rather just an example. It all started out as an innocent question from a redditor. Something like "Has anyone invested in the Very good IPO? What do you think about this company?". Boom. I read that post, did my own research throughout the day, very next morning I invested, and it worked out. I'm up in the 100 percentiles all because of a question a random redditor asked on this subreddit. + +Sometimes it doesn't work out though, and that's fine too. The important part is that you do your OWN research, and make your decisions with a strategy in mind. It makes it a lot easier to accept your losses when you have done research. Going this route, the more you invest with this strategy the quicker you realize mistakes. If you make poor investments, you tend to have more confidence when it comes to pulling out if the investment goes South. + +I feel like I might be ranting. I guess circling back to the whole point of this. If you came here because of GME, or you're generally new to the game, I encourage you to stick around and learn true investing. Even if you lost money from this whole GME thing, look at the bright side, you've been burnt from the start and now you'll never make an amateur mistake like this again (fingers crossed). So, for those sticking around-- Welcome. For those leaving, don't let the door hit you on the way out. +I know I will :) + +EDIT: 3,316,862 Community Members X $30/each = $99,505,860 (give or take based on currencies used) + +EDIT 2: El Salvador will have the crypto launch @ 3PM. I say we coordinate for this time, which is 2PM Pacific Standard time. Thoughts? + +EDIT 3: i have meant this as more of a support gesture, rather than a pump. Its a first that a nation has adopted Bitcoin. This is an important time in Bitcoin. Lets show El Salvador, for those who are on the fence about it still, that Bitcoin has value for them. And for every one. Bitcoin is meaningful. + +EDIT 4: Thank you all for the support. Thank you all for the awards. Lets spread the thread. Across all platforms. + +EDIT 5: Official thread if you bought: https://www.reddit.com/r/Bitcoin/comments/pjud1c/its_the_banks_manipulation_vs_the_peoples/?utm_source=share&utm_medium=ios_app&utm_name=iossmf +I got into a car accident last year, which reimbursed me 11k and the Canadian government recently announced that students will not be charged interests on their student loans until March 2022. Wondering what my best option is because I have enough to pay of the debt right now but I could make some money in the short term with it. However, I am leaning more towards paying off the debt. + +Edit* +I have purposely delayed my graduation because of COVID-19 to work internships while having my student status. I am currently working for Suncor Energy and expect to make 80k before taxes by the end of the year. I also already have a tangerine and EQ bank accounts, as such I can't do promotional 2% offers anymore. I plan on doing another intership somewhere abroad next year with the same salary range but thats if everything goes to plan for me. + +Update* + +I forgot about this but I'm from Vancouver, and the BC government has forgiven 1k of my loan for whatever reason. + +With that being said, I will most likely put 9k into VEQT, 1k into ethereum, and 1k into cardano and pull out early next year if I need the cash depending on my situation (I dont mind risk). + +To give you guys a better idea of my reasoning, here is my current financial situation: + +I only have the 9k* student loan debt with no interest. + +I currently have a 5k emergency fund with EQ at 1.25% + +15k invested in different stocks and 5k in a bond portfolio with questrade. + +13k in crypto currency which has 5% interest rate in usd. (My 1k investment into doge coin turned into 11k in 2 months) + +I additionally have other smaller TSFA and RSP accounts. + +I can also continue working with suncor and extend my student contract but I will most likely leave in December because I wish to work abroad and gain experience outside of the oil and gas industry while traveling. + +I appreciate all the comments guys! Let me know if you guys think I'm retarded or not with my idea. +I’ve seen a number of studies that basically show the problem with modern housing is that not enough is being built to keep up with demand + +There’s also a problem where housing is a necessary commodity — someone who sells their house will just need to buy a new one anyway, so the market for it doesn’t behave like other markets. + +From many sources I know personally, I’ve heard the problem comes down to zoning. I was talking to one developer who said it took him upwards of 5 years to get approval for a multi tenant condo complex. This was in a fairly desirable suburb of a major USA city. + +People will point out that places like LA and San Francisco in particular suffer from restrictive zoning. Most of LA is zoned single family. As a result, home prices are through the roof, no pun intended. People also seem avidly against multi tenant buildings + +On the other end of this spectrum is a place like houstan, which has lax zoning laws and is relatively affordable. + +However, I’ve also seen areas where they build upwards non stop like crazy but rents are still in the 4000 range for a 2 bedroom +I have been exploring and evaluating the cryptocurrency world for quite some time now in the crypto community's interest and trying to bring the best and most trustable projects. I had a detailed look at [Amnext’s](https://amnext.io/) [docs](https://docs.amnext.io/) and thought of sharing my detailed review for the DeFi users. + +The name Amnext suggests that you can be the next in line to **change your life.** I can say that it breathes life into an ecosystem that can change people’s lives. +Amnext’s USP is its unique lottery, where **no one loses.** The **Lifetime Tickets do not expire**, and everyone has a chance to hit the jackpots. + +***Here Are Some Key Points To Note:*** + +* Lifetime Tickets +* No-Loss Lottery +* Staking Protocol +* Rewards in AMC by depositing into Prize Pools +* Referral Rewards +* Will not launch until Security Audits are done +* Doxxed Devs + +***So, Why Should People Participate?*** + +1. The entire ecosystem has been built around making sure that you always have a chance to win. The positive features of the Amnext Dapp, as listed below, should encourage the investors to participate in the program. +2. Once you purchase a **Lifetime Ticket**, you enter into the lottery draw for life. This new **UNIQUE concept** of Lifetime Tickets generates the possibility of winning the draw every time the jackpot is generated. +3. For every dollar you deposit on **No-Loss Prize Pools**, you are entitled to win big prizes in form of BNB/CAKE/USDT/BUSD/VAI and earn passive interest of AMC tokens; even if you don’t win, you keep all your money and until you withdraw you are entitled to win! +4. The more the number of people you invite on the Lifetime Tickets Lottery, the more rewards in AMC you will achieve. However, there is a cap on the number of tickets you can get. + +***Conclusion*** + +In my honest and humble opinion, Amnext have a lot of Potential, aside of most DeFi projects you can easily check the Team behind it and their Linkedin/Twitter. It could quickly create a massive market cap and do a **1000x gain** and continue grow in a long term run. For sure not another MEME COIN. + +***Useful Links:*** + +Website: [https://amnext.io](https://amnext.io/) + +Telegram: [https://t.me/amnext\_official](https://t.me/amnext_official) +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +- *Facebook* +- *Amazon* +- *Google* +- *Instagram* +- *Snapchat* +- *Twitter* +- *Twitch* +- *Pinterest* +- *YouTube* +- *Netflix* +- *iTunes* +- *Christmas* +- *The letter ‘N’* +- *Winnie the Pooh* +- *Harrison Ford* +- *Bitcoin* + +Seems like Bitcoin is in good company, I wouldn’t be too worried. +[https://www.insider.com/italy-town-maenza-selling-one-euro-houses-near-rome-2021-8](https://www.insider.com/italy-town-maenza-selling-one-euro-houses-near-rome-2021-8) +In neoclassical economics, the assumption of rationality and selfish behaviour and its role for the greater good is very clear. + +I believe in many aspects of neoclassical economics, but I do subscribe to its later stages where more attention was paid to market failures in the forms of externalities, information asymmetry etc. + +However, every time I explain to people why we need a kilometre charge on driving or a carbon tax on emissions I'm often met with "but this rests on the assumption that people are rational which isn't true". + +It is true that it assumes that and it is also true that people aren't completely rational, but I also do not buy that people are \*irrational\*. + +As Hebert Simon argues, humans are not irrational, but since the world is complex and we have limited capabilities of processing all information, we sometimes make choices that are not optimal. To make up for it we make institutions that help us make better choices. + +So yes, while people may not make a PhD level calculation in their mind every time they choose to drive a car or buy a product that pollutes, (which btw would be a simpler calculation for them if the external costs were included in the prices), they still make choices that don't render the theories useless. If not we would not have negative price elasticities in almost every industry. + +There are various ways in which people make choices about prices. For example with a car. Potential price increases in gas may not make you immediately make a change, but you might see that you have less money left over every month so you decide to find a way to save money. You may see that spending on gas has increased and will explore options to lower prices. You might look up online articles with advice. Someone might have created a calculation tool that allows you to see how much you could save if you switched to a more energy efficient or electric car. Someone might have written about how you can save money taking the train or biking. A friend might advice you with what they do, which can be a variety of choices. + +We may not be rational, but that does not render market failures and neoclassical economic theory useless, because we still do not pay to in order to work, get paid to receive products, and we still don't spend an entire pay-check on apples. + +Who has emphasised this idea? Is it another school of economics (behaviouralist)? Has someone spoken about this within the neoclassical school? + +Edit: Thanks to everyone for their inputs. I studied Economics but it was mostly focused on spatial and transport economics. I wanted to expand my views since most of what I’ve learned uses Microeconomics. Reading the book “Economics: the users guide” gave me some insight into other schools of economics and the history of the field. I found it convincing that it’s important to understand more facets of the field to be a better voter and to be a better Economist. +What if there was no tax in the economy? + +What if the government printed money relative to demand, injecting it instead of into commercial banks like they do now, instead into the public sector directly. The cash then flows around the economy. + +One problem with printing money is that it causes the currency to devalue because increase in supply exceeds increase in demand. Say we somehow determined EXACT demand for currency. Would this work? Would there be other problems? +Voting is now just as important as buying and holding. RC would need to prove that there are naked shorts and synthetic shares, the ONLY way he can PROVE this is more votes than that actual float. If 100 million votes come in with a float of only 22 million, he can use this as ammunition as it PROVES there are naked shorts and synthetic shares. Why else would GamsStop want us to cast our votes AS SOON AS POSSIBLE! Never before have they included this statement in the proxy. VOTE VOTE VOTE! + +EDIT: Guide to Voting here - https://www.reddit.com/r/Superstonk/comments/mwxsl5/proxyvotecom_how_to_vote_your_shares_if_your/?utm_source=share&utm_medium=ios_app&utm_name=iossmf + +EDIT: For Europoors - https://www.reddit.com/r/Superstonk/comments/mwpqdf/europoors_what_needs_to_be_done_to_be_able_to/?utm_source=share&utm_medium=ios_app&utm_name=iossmf +I see posts like “bought BB at $23, I think it’s a great company, I’m in it for the long haul” and I find it interesting because over the course of the past several months nothing has changed fundamentally within the company, yet the stock was trading at a mere $7 30 days ago. My question is, why did you guys not pick it up then? Was it not a great company 30 days ago when the share price was $7? What made it a better company when the share price reached $23? + +I’m curious. Did you guys really recently buy BB because it’s a great company and you did your own DD? +Greetings degenerates & degenerettes, + +I'd like to propose an emergency meeting of /r/ASX_Bets alumni to discuss an important order of business. + +As was recently announced, ASX-listed business Delecta Ltd (ASX:DLC) will no longer be operating a dual-purpose business that both fills & drills holes, instead choosing to focus solely on the latter: + +**From raunchy to raw minerals** + +*Adult entertainment CEO Malcolm Day will pay $1.5m and retain the X-rated part of his empire as ASX-listed Delecta pivots to become a pure-play mining operation.* + +*- the Herald Sun* + +While this is of course a sad day for all of us, it also begs the important question: **what should be the replacement shitstock to take DLC's place as default 'recommendation'** for lazy cunts/leeches who ask us to tie their shoelaces for them? + +Selecting a stock to fill such a lofty role is important as we've seen it can also have unintended consequences of *actually raising the share price* of some of these shitty companies, as idiot pumpers who try to scrape this sub think it's actually seriously being praised as a quality business. + +Please post your suggested nominees to take DLC's place along with reasoning below. Criteria should probably be some combination of: + +* Has comedy value in some form +* No one should probably *actually* seriously invest in it +* Rolls off the tongue to post immediately after "thoughts on...?" + +All reasonable suggestions for discussion readily accepted 🍻 +Long story short, my job had me pay for a company expense that was \~$3000 and said they would reimburse me. Instead of sending me a check, they sent me a Visa gift card (turns out they refuse to do checks for reimbursements). I desperately need that money back on savings account so I can pay my credit card statement, bills and other expenses that I can't use a gift card for. Is there a way to transfer that money from the card back into my bank account? + +UPDATE: I'm putting this here for posterity. There were so many comments I couldn't respond to them all. Thank you so much for all of your responses and advice! + +What I got was what seems like a typical gift card. I called the card company and they said my card doesn't have ATM privileges. If I let the card expire, they'll send me a new card, but not a check. I talked to my company and explained my situation, but they said this is how they reimburse everyone. They use these "special" gift cards. Freaking crazy. + +The expenses: i saw questions about whether it was equipment they made me buy. It wasn't. They asked me to pay for catering for a week-long training. I was doing all of the ordering. They said to present them with receipts afterwards and they'll reimburse me. Then they reimbursed me like this + +The solution: I tried everything with no luck. Finally, a very kind family member bought the gift card from me. They gave me cash and have been using my gift card for their expenses. +I thought it would be fun to create this post for people to share books on investing, and what they learned from those books. I'll start! + + +Book Title: Value investing: from Graham to Buffett and beyond. +Author: Bruce Greenwald + + +What I learned: + +I learned about adjusting asset prices and using those adjustments to make better investment decisions about a company. Prior to reading this book I had read elsewhere about the concept of adjusting assets on a balance sheet, however, this book did an excellent job of explaining how-to, and why it's an important practice. I highly recommend the book, there is a lot of other great investment advice. + + +What book did you read? What did you learn? + + +P.S +Please write the Title or Author so I can find the same book, I'm also writing this post in hopes to find new reading material. :') +Return on Invested Capital (ROIC) is something that Charlie Munger pays very close attention to. He says that the return on invested capital over the long term is a great indicator of the rate of return that you can expect on your stock price appreciation. + +There are different interpretations of ROIC. On a high level, ROIC is the ratio between the Net Income or Owner Earnings and the Invested Capital represented as a percentage. Obviously, the higher the percentage, the better, which means that the management of the company is doing a good job at allocating capital. + +If you read the Intelligent Investor, on Chapter 15, you'll find a version of the ROIC formula according to Christopher Davis from the Davis Funds. He defines ROIC as Owner Earnings divided by the Invested Capital. + +Another definition is the one from Investopedia, which I personally like better. Investopedia defines the ROIC as NOPAT or Net Operating Profit After Tax, or Net income minus Dividends, all divided by the Invested Capital, which equals to Equity plus Debt: + +ROIC = (Net Income - Dividends) / (Equity + Debt - Cash & Cash Eq) + +The most important aspect of ROIC is its consistency, because over the long run, you can expect the rate of return of your stock to be as good as the return on invested capital. To illustrate this, I compiled some figures for Apple and Microsoft in the last 10 years: + +**Apple (AAPL)** + +|Year|ROIC|Avg Stock Price|% price change|EBITDA (Bi)|% EBITDA change| +|:-|:-|:-|:-|:-|:-| +|2011||$11.14|||| +|2012|42.01%|$17.68|58.64%|$58.52|| +|2013|26.08%|$14.80|\-16.30%|$57.05|\-2.51%| +|2014|26.20%|$20.71|39.95%|$61.81|8.34%| +|2015|31.32%|$27.40|32.32%|$84.51|36.73%| +|2016|21.95%|$24.37|\-11.05%|$73.33|\-13.23%| +|2017|19.86%|$35.74|46.64%|$76.57|4.42%| +|2018|24.41%|$45.57|27.49%|$87.05|13.69%| +|2019|25.75%|$51.00|11.90%|$81.86|\-5.96%| +|2020|30.11%|$94.46|85.23%|$81.02|\-1.03%| +|2021|51.70%|$136.31|44.30%|$123.14|51.99%| + +&#x200B; + +**Microsoft (MSFT)** + +|Year|ROIC|Avg Stock Price|% price change|EBITDA (Bi)|% EBITDA change| +|:-|:-|:-|:-|:-|:-| +|2011||$20.91|||| +|2012|23.25%|$24.59|17.60%|$25.61|| +|2013|25.70%|$27.63|12.37%|$31.24|21.98%| +|2014|21.79%|$37.15|34.43%|$33.63|7.65%| +|2015|11.16%|$41.96|12.96%|$25.25|\-24.92%| +|2016|14.81%|$51.00|21.55%|$27.62|9.39%| +|2017|16.36%|$68.10|33.53%|$34.15|23.64%| +|2018|11.49%|$97.42|43.04%|$49.47|44.86%| +|2019|22.69%|$127.59|30.98%|$58.06|17.36%| +|2020|23.90%|$190.83|49.56%|$68.42|17.84%| +|2021|30.80%|$266.16|39.48%|$85.13|24.42%| + +&#x200B; + +**Summary** + +|Last 10 years (annualized)|AAPL|MSFT| +|:-|:-|:-| +|Avg ROIC per year|29.94%|20.20%| +|Avg % stock price increase per year|30.54%|28.45%| +|Avg % EBITDA increase per year|10.27%|15.80%| + +&#x200B; + +As you can see above, Apple had an annualized increase in EBITDA of 10.27% over the last 10 years, while annualized ROIC was 29.94%. The stock price annualized performance is 30.54%, which is very close to ROIC. Therefore, ROIC indeed proves itself as an accurate indicator of stock price performance. + +Similarly, with Microsoft we can see that the annualized increase of 15.80% in EBITDA is higher than Apple's over the last 10 years, however ROIC is 20.20%. Microsoft's stock price annualized performance is 28.45%, which isn't as close to ROIC as with Apple's example, but still, it demonstrates the correlation, especially considering that Microsoft had a greater increase in revenue YoY than Apple. + +Another point that Charlie Munger makes is that it doesn't matter much your entry price when building a position in a stock if over the long term there is consistent ROIC. At the end of the day, after 10, 15, 20 years, the rate of return on the stock and the ROIC performance will converge. + +Edit: forgot to add minus Cash & Cash Equivalents in the denominator of the formula +Long time lurker, first time poster. + +I'm from BC, Canada, and was lucky to sell my business for a little over $21m USD. I'll remain in the company for one year and plan to retire after that. + +Since I'm the sole breadwinner, I want us (myself, spouse and 6 yo kid) to be able to live off investments starting in 2022.I'm working with an estate attorney and an accountant to figure out a plan to preserve that wealth in a tax efficient way. + +I'm expecting to owe around 27% of that amount in capital gains at some point. As for the remainder, I'm not ready to commit to an investment allocation or even convert it from USD to CAD yet. Things are still super busy at work with the transition and I don't have time to do the research I need to do. + +So I've been sitting on $21m in a USD bank account for 3 weeks generating close to nothing and I've been thinking about where to park that money in an efficient way until it's time to pay taxes or until I have time to think about how to allocate it, which could be months from now. + +Given how overvalued the stock market seems to me and how bonds are not yielding much, I'm struggling to make a move. Any advice here would be much appreciated. + +&#x200B; + +Edit: Thanks for all the great replies! To clarify, I live in Canada and the money is in Canada as well. Taxes will be owed in CAD, but I haven't converted the proceedings of the sale to CAD yet. +- *Facebook* +- *Amazon* +- *Google* +- *Instagram* +- *Snapchat* +- *Twitter* +- *Twitch* +- *Pinterest* +- *YouTube* +- *Netflix* +- *iTunes* +- *Christmas* +- *The letter ‘N’* +- *Winnie the Pooh* +- *Harrison Ford* +- *Bitcoin* + +Seems like Bitcoin is in good company, I wouldn’t be too worried. +Everyone knows about "broken" taxi meters or "pick your monthly payment" auto financing, but as I've gotten fatter I find myself getting ripped off in more sophisticated and uncommon ways. + +An old rule I used was "if you can't spot the sucker in a deal, you're probably the sucker". But once I got fatter, the new rule I switched to was "if someone is trying to convince you that *someone else in the deal is the sucker*, you're probably the sucker". + +For example, as a reasonably successful person in tech, and it's common to get pitched on investing money into a venture fund. But unlike high fee financial advisors, who depend on you not knowing any better, these offers are tailored specifically to what you know and your biases: "I know you've seen the Kauffman foundation data showing *average* VC returns are lower than S&P500, but that includes a bunch of dumb money. *You* aren't dumb money - you're a successful business leader. Take your knowledge and find more companies like yours! Did we mention we have the guy who started AWS? You worked at AWS right?". + +Another good one I saw recently was from Jewel to Tony Hsieh - “When you look around and realize that every single person around you is on your payroll, then you are in trouble". I'd take that even further: if everyone around you is getting paid to be there except you, you are in trouble. + +What rules or red flags you use to avoid getting ripped off? +I made the mistake of telling my family & some friends about the GME situation. I got in the action at $20 per share, now my buddies are shitting on me for not selling at $470. Feel like nobody except for this subreddit understand what's at stake. + +Everyone left at this point are true soldiers, with MASSIVE diamond hands 💎🙌 I'm not worried about the losses these past couple days, because I know what's going to come if we stay strong. + +Can't wait to prove my friends wrong. Hang in there brothers. +I'm curious if people are adjusting their strategies based on the link below. Main assumptions are that the 4% rule is outdated for people who may be having a 50 year retirement window and some deep dives into asset allocations both around equity and international exposure. + +https://investornews.vanguard/fueling-the-fire-movement-updating-the-4-rule-for-early-retirees/ +Since we were kids me and my best friend had a little competition to get to $1m first, and we are both going to hit it within a couple months of each other, we are 30yo. We both were talking about the journey and when we think back about the road to this point and the amount of work it took to get here we both agreed that it was a hell of a lot harder than either of us imagined. We are both extremely motivated and ambitious but my God the amount of hours I’ve put in, sacrifices made, time spent, etc. I do feel accomplished but it was harder than I thought it would be and required a hell of a lot of stamina. Did you feel the same when you got to your first $1m? And for those with multiple millions, please tell me the road gets easier after the first $1m?! + +I’d love to hear others stories on how tough your first $1m was. +Time to put up or shut up. + +https://preview.redd.it/43k84j603sm81.jpg?width=755&format=pjpg&auto=webp&s=cda33007ae3997a153c65ed0fbac9ca66b55d341 + +https://preview.redd.it/fmo2beq03sm81.jpg?width=652&format=pjpg&auto=webp&s=c4ea8bf73f9487f00412c1d07cfefc39543a9942 + +Unfortunately all of my accounts are traditional IRAs and Fidelity won't let me DRS without some major tax consequences. + +**DIAMOND.F\*CKING.HANDS** + +\#401kYOLO + +\#BuyTheDip + + \#PortfoliYOLO +Hi all, I've been watching this forum for a while now and have learnt a lot. My situation is a bit different from others. I work in a remote part of the NT as a teacher and what has really helped me save money is that I live in government housing, so all bills are covered. Rent, electricity, water everything. I also get a 8k food allowance, a retention bonus and 3 flights back to Darwin a year (for the family) + +This is my 7th year as a teacher and I am currently saving $1000pw supporting a family of 3. When I recently applied for a loan the banks took my living situation into consideration and were happy to increase my borrowing capacity. + +I don't want to brag about my situation. I feel very lucky to have stumbled into it and having seen a few posts recently by people who seem to be struggling to save money I thought I'd share my experience. + +It's not just teachers who are well paid. The tradies out here earn 200k and get fortnightly flights to Cairns or darwin and pay for literally nothing while in town. + +I guess what I'm saying is that if you've in a rut consider remote NT as a place to save money and PM me if you're interested in moving out here and don't know where to start. +**Zillow Quits Home-Flipping Business, Cites Inability to Forecast Prices. Termination of ‘iBuying’ comes after company said it was halting new home purchases for rest of 2021** + +&#x200B; + +>Real-estate firm Zillow Group ZG -11.52% is exiting the home-flipping business, saying on Tuesday that its algorithmic model to buy and sell homes rapidly doesn’t work as planned. +> +>The firm’s termination of its tech-enabled home-flipping business, known as “iBuying,” follows Zillow’s Oct. 18 announcement that it was halting all new home purchases for the rest of the year. At the time, Zillow pointed to labor and supply shortages for its inability to renovate and flip houses fast enough. +> +>But Chief Executive Rich Barton said Tuesday that Zillow had failed to accurately predict the pace of home-price appreciation, marking an end to a venture the company once said could generate $20 billion a year. +> +>“We’ve determined the unpredictability in forecasting home prices far exceeds what we anticipated and continuing to scale Zillow Offers would result in too much earnings and balance-sheet volatility,” Mr. Barton said in a statement. +> +>Zillow’s share price was down about 12% in late trading on Tuesday, but before it announced the decision to end home flipping. +> +>The move represents a big hit to Zillow’s top line. Home-flipping was the company’s largest source of revenue, but it has never turned a profit...... + +[https://www.wsj.com/articles/zillow-quits-home-flipping-business-cites-inability-to-forecast-prices-11635883500?mod=Searchresults\_pos1&page=1](https://www.wsj.com/articles/zillow-quits-home-flipping-business-cites-inability-to-forecast-prices-11635883500?mod=Searchresults_pos1&page=1) +I work for a large company, I started when I was 18 and I've been doing it for 10 years. Ask all of your questions and I'll give you straight forward answers. + +Edit: I was not ready for this. Haha. I'm trying to answer everyone but it might take a while. + +Edit 2: I'm not going to justify my answers. I'm simply going to answer your questions, doesn't mean your going to like my answer. +As per CNBC + +https://www.cnbc.com/2020/10/02/president-donald-trump-says-he-has-tested-positive-for-coronavirus.html + +You require 250 characters so Im typing more. + +Futures tanked hard after this news. Down 1.5% and falling. I hope this is not against the rules, this is huge news. + +Edit: Futures have stabilized around -1.5% to -2% as of 2am eastern time. +Throwaway account - I was lucky enough to be a part of a recent IPO. Due to AMT, I will have a $1m+ tax bill due in April 2021 that I can’t pay because my shares won’t be liquid until later this year due to the lockup period. (yes I know I should’ve planned for this but due to some special circumstances the tax bill came out much higher than planned) + +What should I do? I was considering either trying to proactively set up a payment plan with the IRS (I think they charge 3% interest, but I’ve heard that this can be a massive pain to do and involves a lot of paperwork) or just file for an extension until October 2021 and then pay the tax bill before October with interest. + +Any advice? I have a CPA and have already asked for his advice but wanted to get some other ideas to make sure I’m not missing anything. + +EDIT: Thanks for all the responses so far! To answer a major question that has come up, I've already looked into a securities backed line of credit but can't do it yet because the lockup agreement prohibits pledging my shares. + +And also of course I trust my CPA to file an extension - he actually recommended filing an extension and paying before October instead of doing a payment plan. This seemed crazy to me, which is why I wanted to get a second opinion from random strangers on the internet :) +When in doubt, seek experts. + +I went about seeing multiple videos of Buffet and Lynch on Youtube. Then I learnt about the **Circle of Competence** in one of Buffet's interview. Possibly the best piece of advice I have ever got on Investing. The interview is a bit old; during the heydays of IBM and tech was starting to rise. The interviewer asks Buffet aren't you bothered about missing out on this tech revolution going around by not investing in it. Buffet had a very unflustered response: "I know nothing about a lot of industries and that's alright. I don't have to make money in every game!" + +The video just gave me massive peace of mind. I don't need to ever worry about the Banking and Telecom industry now! +From [Wikipedia](https://en.wikipedia.org/wiki/Proletariat): + +> According to Marxism, capitalism is based on the exploitation of the proletariat by the bourgeoisie: the workers, who own no means of production, must use the property of others to produce goods and services and to earn their living. Workers cannot rent the means of production (e.g. a factory or department store) to produce on their own account; rather, capitalists hire workers, and the goods or services produced become the property of the capitalist, who sells them at market. + +OnlyFans allow the proletariat (i.e. content creators) to "rent" the means or production (i.e. the OnlyFans website and platform) in order to produce and sell their "goods" (i.e. content) at "market". The content creators are not paid salary and ownership of the intellectual properties remained with them. + +I would have thought that paying monthly subscription to watch Belle Delphine half naked is a symptom of peak capitalism but apparently not? +Ah yes, I remember Cardano now... it's another product from Charles Hoskinson, the founder of Ethereum Classic (ETC). Big red flag. Several red flags: + +--- --- -- + +**RED FLAG 1** +Charles Hoskinson + +Fired from the Ethereum Foundation for toxicity. Founded the scam coin Ethereum Classic, a zombie project without development designed to confuse new investors. + +Think about this: If one of his digital currency fail, and he makes another one instead of improving on his current one, what makes you think this will be his last work before he abandons it again? + +So you got a guy fired from the REAL Ethereum project, made an impostor, once that doesn't work, he goes on to create another offering, sounds like a sore loser to me. + +--- --- --- + +**RED FLAG 2** +On the Cardano website: + +> Cardano is a decentralised public blockchain and cryptocurrency project and is fully open source. Cardano is developing a smart contract platform which seeks to deliver more advanced features than any protocol previously developed. It is the first blockchain platform to evolve out of a scientific philosophy and a research-first driven approach. The development team consists of a large global collective of expert engineers and researchers. + +More advanced than the other blockchain? Expert engineers and researcher? Scientific philosophy? What the fuck is this, a freshman essay sprinkled with new-age bullshit, written the day before it's due? + +If taken at face value, it's a pretty big technical check to write and I bet it cannot be cashed. + +If you look at Ethereum.org's main site, they focus on their tech, not competition. + +The intro reeks of amateur hour, and Charles' behavior that got him fired from the Ethereum Foundation in the first place. + +--- --- --- + +**RED FLAG 3** +Their philosophy is all over the place + +> Separation of accounting and computation into different layers +> Implementation of core components in highly modular functional code +> +> Small groups of academics and developers competing with peer reviewed research +> +> Heavy use of interdisciplinary teams including early use of InfoSec experts +> +> Fast iteration between white papers, implementation and new research required to correct issues discovered during review +> Building in the ability to upgrade post-deployed systems without destroying the network +> +> Development of a decentralized funding mechanism for future work +> +> A long-term view on improving the design of cryptocurrencies so they can work on mobile devices with a reasonable and secure user experience +> +> Bringing stakeholders closer to the operations and maintenance of their cryptocurrency +> +> Acknowledging the need to account for multiple assets in the same ledger +> +> Abstracting transactions to include optional metadata in order to better conform to the needs of legacy systems +> +> Learning from the nearly 1,000 altcoins by embracing features that make sense +> +> Adopt a standards-driven process inspired by the Internet Engineering Task Force using a dedicated foundation to lock down the final protocol design +> +> Explore the social elements of commerce +> +> Find a healthy middle ground for regulators to interact with commerce without compromising some core principles inherited from Bitcoin + +The fuck did I just read? + +All of these points are not philosophy, they're just Charles' random thought that's all over the place and has nothing to do with the blockchain tech itself... reminds me of the BS I saw on Tezos... it reeks of delusion, pettiness, and micromanagement of most toxic kind. + +Again, these are checks written that cannot be cashed. If Cardano think they can catch up to Ethereum in terms of industry adoption, technical capabilities, developer ecosystem, Charles will stop it dead in its track. + +--- --- --- + +**RED FLAG 4** +https://medium.com/@classicether/out-of-the-ether-a-crisis-of-irresponsible-governance-facing-ethereum-classic-a77abdd7a9fa + +Charles' behavior is appalling. + +--- --- --- + +TL:DR Stay far away from Charles Hoskinson products as you can, this includes Cardano. +**E: Thank you all for the awesome questions! Locking this post now. We're working to get this out ASAP, so do make sure to check in over the next day or two.** 🚀🌙 + +Howdy apes! u/Bradduck_Flyntmoore here! As the title implies, we are setting up an AMA with the co-founder and President of Immutable X, Robbie Ferguson. Normally we take weeks to set these up and work out the kinks, but we are hoping to get this done by next week, though the live interview is presently TBD (of course we will provide updates as they come available). To that end, please submit your questions here in the comments. + +Please note, Robbie has informed me that he is unable to discuss compliance questions and stuff about Loopring. Afaik, everything else is on the table. And let me tell you, he is *super* excited to speak with us about his company and their future as a GameStop partner. Without further ado, let the commenting begin! 🚀🌙 + +ETA: per the request of a few apes, see below for a post by our very own u/buttfarm69 that summarizes the yt live stream Robbie did yesterday with Bankless. + +https://www.reddit.com/r/Superstonk/comments/skhdv9/know_your_investment_highlights_of_the_fantastic/?utm_medium=android_app&utm_source=share +Referring to the 1988 crash of the Japanese stock market which took years to recover: + +“But what about the poor souls who invested before the crash? Didn’t they lose a lot? The short answer for long-term investors again is perhaps not. Equity returns were so explosive in the years prior to the bubble bursting that many were never left underwater. Even at the market’s [lowest point] in April 2003, an investor who had bought 20 years earlier would have an 83% return. That isn’t bad in a land largely without inflation.” + +[article](https://www.wsj.com/articles/in-the-long-run-stocks-really-do-go-up-11613464206?st=yesxkd6k23aqxp9&reflink=share_mobilewebshare) +Just saw this on twitter and found the source --- huge news! + +This probably will lead more banks to do the same. + +**Rein in those shorties !!!** + +**"** + +**Investment Banking Company Jefferies suspends short sells on $GME and another 2 stocks!** + +Jefferies said to block short sells in GME, and another 2 stocks from being executed. + +From a trader: + +"In addition to naked options, effective immediately, we will be blocking all short sells from being executed at Jefferies. If you choose to execute away, the trade will be subject to review by Risk/Margin prior to being affirmed." + +" + +Original tweet: [https://twitter.com/Joshuajammes/status/1400471689549520901](https://twitter.com/Joshuajammes/status/1400471689549520901) + +&#x200B; + +(**cant post the original news link because the link mentions the movie stock and gets blocked by the bot - you easily find it on google - the news source is** [https://www.streetinsider.com/](https://www.streetinsider.com/) . Just copy paste the trader quotation to google) + +EDIT 3: + +2 Apes have accused this post of being FUD because there was no link or formal announcement from the bank. **There are now articles confirming this by** **Bloomberg**, **Benzinga. Seeking Alpha is also quoting it.** According to Bloomberg the Bank has announced this to its clients today. + +We cannot expect the Bank to send out a public statement about this, cmon... hush hush please, let's not expect them to tell the entire planet that the short squeeze is coming. (irony much) + +&#x200B; + +**Important note**: while the original news story only quoted an anonymous trader that works at the Bank, the story by Bloomberg states that **Bloomberg has seen the Memo that was sent to clients** with this information. + +\--------------------------------- + +Edit 1: I wrote naked shorts on the title but I meant naked options as in the quote. + +\--------------------------------- + +Edit 2: + +Jefferies is an Investment Bank that allows corporate clients (hedgies and the like) to invest through Jefferies. According to their website, their clients are **corporate and financial sponsor clients.** + +" + +Jefferies Investment Banking is a global leader, offering deep sector expertise and broad advisory and capital markets capabilities **to corporate and financial sponsor clients**. With approximately 900 investment banking professionals across the Americas, Europe and Asia, we provide global coverage across all products and sectors. + +&#x200B; + +Also as pointed out by [Public-Ad6926](https://www.reddit.com/user/Public-Ad6926/): + +it appears Jefferies has been targeted by short-sellers back in 2011. See link here: + +[https://www.gurufocus.com/news/153760/jefferies-ceo-issues-letter-saying-shortsellers-spreading-malicious-lies-about-company](https://www.gurufocus.com/news/153760/jefferies-ceo-issues-letter-saying-shortsellers-spreading-malicious-lies-about-company) + +Karma is a BITCH. + +&#x200B; + +**TA;DR: Jeffries does NOT want to be the one holding a colossal bag of** 💩 **when the short squeeze starts, so it just announced: if you want to SHORT GME - GO SOMEWHERE ELSE.** + +&#x200B; + +\--------------------------------- + +Edit 4: DFV posted a song about "**JEFFREY**" 15 minutes ago. Not sure if he reads this, but if he does let me just say: you're The Absolute Legend. No "hero-worshipping", just fully acknowledging and appreciating the GOAT. + +[https://twitter.com/TheRoaringKitty/status/1400522985375780872](https://twitter.com/TheRoaringKitty/status/1400522985375780872) + +&#x200B; + +\--------------------------------- + +Edit 5: This news story is now up on Zero Hedge, as well as **Yahoo Finance**. Finally, a link that is not blocked: + +[https://finance.yahoo.com/news/jefferies-blocks-short-sells-gamestop-174600093.html](https://finance.yahoo.com/news/jefferies-blocks-short-sells-gamestop-174600093.html) + +&#x200B; + +\--------------------------------- + +TADR2: To the apes asking why this is important - this Risk management stance is important because it: + +\- sets a precedent that may (will) be followed by other industry players, thus reducing the amount of avenues for shorting GME. According to Seeking Alpha, there is already a second bank following this idea (Raymond James but it seems they only announced no shorting for the movie stock). + +\- confirms the ape's thesis that shorting GME is a very very high-risk play, so much that it's not accepted by certain banking institutions, because guess what ----------- the Tendie man cometh. + +\--------------------------------- + +Edit 6: + +Ape [jaypeepeeee](https://www.reddit.com/user/jaypeepeeee/) linking everyone to a post that found Jefferies was **the broker who was responsible for GME's share offerings.** + +[https://www.reddit.com/r/Superstonk/comments/nrm8va/was\_reading\_the\_gamestop\_10k\_from\_march\_and\_i/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf](https://www.reddit.com/r/Superstonk/comments/nrm8va/was_reading_the_gamestop_10k_from_march_and_i/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +&#x200B; + +\--------------------------------- + +Edit 7: + +24 hours have passed since my post, and the expected reality is materializing. Other banks did not waste more time and are also placing restrictions against shorting GME and other ultra-shorted stocks - this time Goldman Sachs Group Inc., Bank of America Corp., Citigroup Inc. + +[https://www.bloomberg.com/news/articles/2021-06-04/wall-street-banks-rein-in-hedge-funds-short-bets-on-meme-stocks](https://www.bloomberg.com/news/articles/2021-06-04/wall-street-banks-rein-in-hedge-funds-short-bets-on-meme-stocks) + +**Please remember that this doesn't mean the shorting, or the naked shorting, will stop. It just means that, officially, it will be more difficult, there will be less avenues for it. This may also be used to give longs a false sense of victory.** + +**Nothing has changed. MOASS OR RICE NOODLES** + +Can apes dream of a future without naked shorting and all kinds of fuckery? Maybe not yet, but perhaps it may be moving in the right direction. + +Now... **rein in those wild shorters please, they've already pissed all over the market.** + +&#x200B; + +&#x200B; + +https://preview.redd.it/x0x6r56uwi371.png?width=640&format=png&auto=webp&s=cdd9ce444e0e21bb7eba962a667ba5712af0982c +Is it really worth it to hold VXUS in my taxable account? It basically has done nothing for my portfolio. Not really losing money and not really gaining either. My current taxable account is 35% VTI, 35% VGHAX (vanguard healthcare admiral shares), 20% VXUS, 10% SMH (van eck semiconductor). + +VGHAX and SMH both provide some international exposure. Many of the companies in VTI are heavily invested internationally and seems heavily correlated with VXUS as it is. Would I be better off replacing VXUS with something like real estate (VNQ) or go with BND. Or just put it all back into VTI? + +I do plan to keep about 15 to 20% international exposure and at least 10% bonds in my 403b, maybe even increase them both over the next 10 years. +I have a good chunk of my portfolio invested in QCLN and IHI. Considering how poorly they performed last month when the bond yields were up, do you think it would be a good idea to just sell them now or should I wait longer? +DISCLAIMER: This post is NOT Financial Advice! + +This is actual DD of just statistical, cold hard facts. My previous post got removed by the compromised mods of r/wallstreetbets + + +[I have access to Bloomberg Terminal with up to date data as of February 5 on institutional holdings. Institutions currently hold 177% of the float!](https://i.redd.it/c44cmb67mtf61.png) + + +[How is this even possible to own more than 100% of the float?](https://www.investopedia.com/ask/answers/07/institutional_holdings.asp) Here's an example of one of the most likely causes of distorted institutional holdings percentages. Let's assume Company XYZ has 20 million shares outstanding and Institution A owns all 20 million. In a shorting transaction, institution B borrows five million of these shares from Institution A, then sells them to Institution C. If both A and C claim ownership of the shares shorted by B, the institutional ownership of Company XYZ could be reported as 25 million shares (20 + 5)—or 125% (25 ÷ 20). In this case, institutional holdings may be incorrectly reported as more than 100%. + + +In cases where reported institutional ownership exceeds 100%, actual institutional ownership would need to already be very high. While somewhat imprecise, arriving at this conclusion helps investors to determine the degree of the potential impact that institutional purchases and sales could have on a company's stock overall. + + +I have plausible evidence that leads me to believe there are still shorts who have not covered, and there are also shorts who entered greedily at prices that could still trigger a short squeeze event as this knife has been falling. [~1 million shares of GME were borrowed this Friday at 10 am, and a short attack occured that dropped GME from $95 to $70 over the course of 15 minutes.](https://i.redd.it/97j13bxy4pf61.jpg) + + +[This is my source for live borrowed shares data that you can watch during market hours.](https://iborrowdesk.com/report/GME) + +So we still meet the first requirement for a short squeeze to even be possible, there ARE a lot of short positions taken in GME still. The ultimate question is will there be enough demand to drown the supply? Or are we going to let the wolf in sheep's clothing aka Citadel who we know is behind not only these short positions bailing them out and purchasing puts themselves (data from 9/30/20) , but behind many brokerages who ultimately manipulated the supply demand chain by removing buying...are we really going to just let this happen? What they did last Thursday was straight up criminal. + + +Institutions move the markets more than retailers unfortunately, especially when order flows go directly through Citadel. [But it is very interesting the amount of OTM calls weeks out compared to puts. This is options expiring 3/12/21, and all the earlier expiration dates are also heavy in OTM calls.](https://i.imgur.com/mv0bo4Y.png) Max pain theory states it is in the market maker's best interest (those who write options aka theta gang) for price to gravitate towards max pain, as the strike price with the most open contracts including puts and calls would cause financial losses for the largest number of option holders at expiration. + + +With this heavy volume abundant in OTM calls, a gamma squeeze can occur if we can get the market makers to hedge against their options. [Look what triggered the explosive movement as price blasted past the max pain strike last week, I believe this caused many bears to have to take a long position as a way to hedge against their losses.](https://i.imgur.com/NHZg0O6.png) And right now, we are very close and gravitating towards max pain strike. If there is a catalyst/company event that can cause demand to increase, I believe GME is not dead for all the aforementioned reasons above. Thank you for taking your time to read my DD, my original post on wsb was removed by the mods. +&#x200B; + +https://preview.redd.it/bwmrxvyfn2v61.jpg?width=700&format=pjpg&auto=webp&s=16f9b80ed3593ca817f59fe2345ef89db66ed2a5 + +*This is one of a series of posts where I will apply my fast and dirty historical fundamental analysis to some of the biggest dogshit stocks of 2021. If you are interested in the process I use below to evaluate a stock, check out* [How Do I Buy a Stonk???](https://www.reddit.com/r/ASX_Bets/comments/lzjpvf/how_do_i_buy_a_stock/) + +# The Business + +&#x200B; + +https://preview.redd.it/b9yt0e25k2v61.png?width=2776&format=png&auto=webp&s=0c63b55594888921c55c926fa6bd4df7768f0ad3 + +A2 Milk Company (A2M) is a dairy company that was founded in 2000 in New Zealand. It claims to be a healthier version of Milk, as it does not contain a certain type of protein, which is present in the milk of common breeds of dairy cow. Over the course of the last 20 years of ups and downs (seriously understated), they’ve established themselves as a significant part of the Australian and Chinese markets, with very marginal sales in USA (in liquid milk products only). Their largest product segment by far is infant formula, which accounted for just over a billion dollars of their revenue in FY20. + +# The Checklist + +* Net Profit: positive L4Y. Good ✅ +* Outstanding Shares: stable L4Y. Good ✅ +* Revenue, Profit, & Equity: trending up L4Y. Good ✅ +* Insider Ownership: 11.8% w/ multiple & significant selling several years. Bad ❌ +* Debt / Equity: 1.5% w/ Current Ratio of 3.7x. Good ✅ +* ROE: 35.9% Avg L4Y w/ 34.2% FY20. Good ✅ +* Dividend: None. Neutral ⚪ +* BPS $1.60 (4.6x P/B) w/ NTA $1.45 (5.1x P/NTA). Bad ❌ +* 4Y Avg: SPS $1.43 (5.2x P/S), EPS 30.6cents (24.3x P/E). Bad ❌ +* Growth: +46% Avg Revenue Growth L4Y w/ 29.7% FY20. Good ✅ + +**Fair Value: $5.03** + +**Target Buy: $4.43** + +Some very strong figures. Overall a great business on it's face. Very profitable ROE, conservatively leveraged. Good level of insider ownership (Though I won't touch on it below, the insider selling is a big big red flag. It at the very least tells you that insiders working within the company think A2M is overvalued, and have done so since 2018). The main problem is the pricing is wildly high on its valuation multiples. This isn't that uncommon amongst hyper-growth stocks, but it does come with an element of risk. If you are buying well outside of the current fundamentals, the moment the business shows weakness, you're likely to see a sharp decline in the share price. Coincidentally... + +# The Knife + +https://preview.redd.it/9ybxh7dnk2v61.jpg?width=963&format=pjpg&auto=webp&s=89dcd1d502819b7dc66352664f031e11a882452e + +A2M shrugged off the March crash last year and reached it’s all time high of $20.05 in July of 2020. Indeed, in their FY20 report, the group CEO speculated that the pandemic had a modest positive impact on their overall revenue for that year. + +At the start of June 2020, A2M was the 30th largest company in Australia with a market cap of between 12.8-14.9 billion. However, since August 2020, it has experienced a sharp and protracted fall in its share price. + +On Friday 23rd April 2021, A2M closed at $7.38. Its market cap having sunk to 5.5 billion and it’s rank on the ASX dropping to #91. It had lost nearly two thirds of its market value in the span of 9 months, and the fall doesn’t appear to have yet abated. + +If you had bought the share in July of 2020, you would be down -63.2% currently. Even had you bought it at the "discount" price of $11.45 at the close of last year, you would still be down -35.5% YTD. + +# The Diagnosis + +So what's wrong with A2M??? + +The short answer: China + +The long answer: The Chinese daigou channel has taken a severe hit with the extended international border closures. Furthermore, trade tensions between Australia and China since the 2nd half of last year present some heavy downside risk to A2M's revenue potential. + +**What is Diagou?** + +Essentially, it’s Chinese for “overseas professional shopper”. Somewhat like the grey market imports you might find in Australia, but in reverse. These are Chinese students, tourists, and expats living overseas that make extra cash by buying products domestically and shipping those items back to China for a profit. + +&#x200B; + +[Professional Shoppers, photo Yahoo News](https://preview.redd.it/ldtb7vupk2v61.jpg?width=959&format=pjpg&auto=webp&s=945228bf727d3f56c5afcaf9ae460fa0c429982b) + +The diagou channel has been growing over the years, with online platforms facilitating the process. Some professional shoppers opt to mail their products to family businesses or otherwise to diagou style resellers in China. + +One advantage to diagou is that with the purchase sizes being relatively small, they often will come in under the radar of most customs and tariffs. The regulatory thresholds are intended to capture commercial business activities, which generally are larger transactions and so tend to miss the diagou market entirely. This channel also tends to dodge many tax requirements that more official channels would have to operate under. + +As you can imagine, with the international border closures, Chinese students and tourism travel has been attenuated, and with that the diagou market has had a nock on effect. Without the hordes of Chinese professional shoppers in the country, ready to clear off shelves in your local grocery store, naturally sales will decline. The 1H21 interim report confirms this. + +# The Verdict + +The recent political rift between Australia and China on trade in the 2nd half of 2020 doesn’t fully tell the story about the Chinese market. While that has certainly had a serious chilling effect on export business to the market, and subsequently on stock prices to companies exposed to it, the problem has been manifesting itself slowly in the last several years + +&#x200B; + +[Melamine Scandal of 2008](https://preview.redd.it/p0cfvogyk2v61.jpg?width=964&format=pjpg&auto=webp&s=7df17969a18c12bb14b86b287cec797db7283bfd) + +In 2008, China suffered a baby formula scandal that involved thousands of babies getting sick with rickets and many dying as a result of melamine added to the formula. Melamine is a compound used in the creation of plastics, and was used as a filler in a few Chinese brands. + +Since the scandal, the demand in China for overseas baby formula skyrocketed, to the extent that a significant majority of the market was imported product. The Chinese Government has been attempting to reverse that ever since, using many regulatory methods to push the market back to domestic companies. + +More recently in 2019, the Chinese Government had set a target to facilitate recapture 60% share of the market for its domestic producers. Part of their more recent efforts included cracking down on diagou resellers within China, who had been benefitting from their activities flying under the radar of normal customs and tax authorities. + +&#x200B; + +[Alibaba Group](https://preview.redd.it/ptjqd222l2v61.jpg?width=1037&format=pjpg&auto=webp&s=56c17f119e7564d462ea64164a2868513e85bf6a) + +Professional shoppers might have to seek out more accepted e-commerce platforms in the future, which are in turn more transparent for oversight by the government, and as such come under the regulatory regime more readily. I expect this will limit the competitive price advantage that daigou product once held against the more traditional commercial resellers within the country. + +So, while the situation with international borders will eventually resolve, and the optimistic amongst us may think that trade relations may normalize eventually too. The problem is that the Chinese Government is and has been actively trying to shrink the imports market, and that fact will not change. As such, their sights are set on reigning in the daigou market, which otherwise undercuts their domestic businesses. + +# The Outlook + +One positive for A2M, is that their interim report reveals only a slight impact to the more traditional China & Asia sales channels. This represents nearly half of their formula sales in FY20. This bodes well at least in the short term with regards to the overall impact of the losing the daigou channel. + +&#x200B; + +[\* 2021 figures annualized from 1H21 interim report.](https://preview.redd.it/4rq78c79l2v61.png?width=804&format=png&auto=webp&s=d8f6a4d0b77fb77cb755d164687ca82ba11c386d) + +The difficulty in daigou, is that while it is essentially an export sale to the Chinese market, it is not represented in the sales figures in that region. Instead, it represents some portion of the domestic “Aus & NZ” business. + +However, given the timing of the border closures and political fallout, we can get a decently clear picture of the overall impact when looking at formula sales in the Australian & NZ sector (annualized) vs FY20. + +With no major changes to the current status in the market, Aus & NZ formula revenue is likely to be down around 40-50% in FY21, based on their interim report. This accounts for about 300-400million in revenue. + +&#x200B; + +[\* 2021 figures annualized from 1H21 interim report.](https://preview.redd.it/u327zmual2v61.png?width=803&format=png&auto=webp&s=b615fe7482cb71d578cc88ea83aebdaf07d046dd) + +If we do the same with the consolidated figures, we see a similar picture, with the expected FY21 earnings to be down 16.2% since FY20, or roughly 300million. This is amplified in the expected net profit line due to the difference in gross margins between the two sectors (Aus & NZ tending to be 10-20% higher). + +# The Target + +The real question is how do we value A2M now? + +*^((There’s the additional complication of the recent increases in A2M’s major shareholder interests in Synlait and Mataura Valley Milk. But in the interest of keeping things relatively simple, I'll take their 1H21 figures at face value.)**\*\*)* + +It's reasonable to expect A2M levels off on their revenue for the next year. That puts their expect FY21 closer to the FY18 levels. Their share price on the other hand has hit levels not seen since 2017. So it's undervalued, right? + +[Good Value???](https://preview.redd.it/tvt48h89k2v61.jpg?width=984&format=pjpg&auto=webp&s=0bf54a8c88bca2399be226b9dd2f769f6e33c97f) + +This is where I scratch my head a bit at hyper-growth stocks. On the face of it, A2M is overvalued **right now** even if you use the fundamentals from their FY20 figures. + +And where it the upside? When A2M hit it’s all time high last year, it had an SPS of $2.18 (9.2x P/S), EPS of 49cent (40.9x P/E), and a BPS of $1.43 (14x P/B). These are insanely overpriced multiples. + +Much of their share price even back in 2017 was pricing in the huge 30-60% growth that they subsequently enjoyed until now. + +**Updating the Valuation for FY21** + +If we assume that A2M will cool off given the backtracking in it's overall figures, we may expect a reversion to the mean. Using the expected FY21 figures, we could try to establish a base level for the share price valuation, at which point we can be relatively confident that we are not overpaying for the business as it is now. Using expected FY21 figures, I get the following: + +* SPS $1.82 +* EPS 32.3cents +* BPS $1.60 + +Using these figures, we can estimate the following: + +**Fair Price (FY21):** **$4.02** + +**Target Price (FY21):** **$3.59** + +At that target price, you are buying the business as it is and expecting lower more reasonable growth levels from there on out. That isn't to say that there isn't further downside. Should we want to consider a worst case scenario, that would involve cutting out entirely the China/Asia sector sales, but that seems unlikely at least in the shorter term. + +**Factoring in Growth Valuation for FY22/FY23** + +So really, the question becomes, do we expect A2M to go back to a sharp growth trajectory in FY22 and beyond? If so, one could factor in an additional % of growth to these prices. Here I am personally skeptical, given the larger context. + +However, if we are bullish, I think a 2 year time frame is probably a good one to work with. At current $7.50 share price, EPS would need to be closer to 55cents, which is just a bit higher than in FY20. So I think perhaps it is still a tad overpriced. What we need is to establish a good benchmark for the growth thesis. + +If we think A2M will be able to rebuild much of the daigou channel sales between daigou and traditional e-commerce in FY22 or FY23, then it may be reasonable to use the FY20 figures as a benchmark. Further to that, if we think they can spark off a further run of growth in the proceeding years then the 30% they achieved in FY19-20 I think is also reasonable to use. Taking these figures in mind, I get the following fair & target prices: + +**Fair Price (30%): $6.54** + +**Target Price (30%): $5.75** + +Though, I'd heavily preface that these valuations are asking for a lot of things to go right, so would personally be wanting to see some positive improvements in the FY21 figures indicating the turnaround. + +# The TL;DR + +At the end of the day, I think A2M is a very profitable company with a lot of potential, but even now at a 4-year low, seems to be pricing in unrealistic growth within market sectors that are openly hostile to it. It might be a good buy if you can get it at it's low, but catch this knife at your own peril. Long term prospects in the Chinese market seems tenuous at best. Personally, I think I'll leave this one on the table for others have a go. + +*Thanks for attending my ted talk and fuck off if you think this is advice.* 🚀🚀🚀 + +*Suggestions of other dogshit stocks (that are/were in the ASX 200), and I’ll put them on the watchlist for future DD.* + +*Currently on the Watchlist:* + +*ORG, AMP, SXL, APX, KGN, ASB* + +(Edit: Typos & fixed a section or two) +HAPPY people! + +What a few weeks it has been, If you haven’t been taking note of the market recently….You should be. BNB is on the rise, $500 is in sight and we should all be ready to load up our bags and start investing in tried and tested projects with potential. + +Loyal holders have kept the floor strong during the downturn, and continue to do so. Happy is on the edge of breaking out with new projects on the horizon. + +A brand new team has the reins of the project, and this is a group FULL of ideas to really make $HAPPY fly. Now is the time to be getting involved with the community, and feel for yourself the new vibe and direction the project is taking. All the signs are there for another boom of activity, and you should be along for the ride. + +So what’s in store for $HAPPY? An app is currently in development. Yep, you heard that right: An app. HAPPY wants to bring mental health resources right front and center stage. Not only this, but the official partner(s) of HAPPY: Up4MentalHealth will also have a place for their content.  + +A mental health focussed podcast is looking to bring the project to mainstream eyes and bring in a new audience. This isn’t an idea to be missed.  + +They have donated over $210,000 are CertiK audited, with a loyal team with a lot of online experience; One thing for sure. HAPPY is here to STAY. + + +With a 2.8 M market cap, I'm bullish on this one. Personally, I'm excited for what's to come. + +💛Website  https://www.thehappycoin.co +I've been investing in the stock market slowly. Since I just started, I'm taking it slow, tend to by 1-5 stocks at any time. I wanted to know how does someone decide when they want to add more stocks? Especially when the value of the stock increases (won't it reduce the average returns?). +Part 3 of GME Thread. Here's the [first thread](https://www.reddit.com/r/wallstreetbets/comments/l5c0nr/the_gme_thread_part_1_for_january_26_2021/) and the [second thread](https://www.reddit.com/r/wallstreetbets/comments/l5jtj4/the_gme_thread_part_2_for_january_26_2021) from today. You can view WSB Stats [here](http://wsb.gold/public/dashboard/e65fcfcb-70a4-4d86-b7fb-888057c67881). + +Remember - **follow the rules located on the sidebar**. To all new people - we don't discuss tickers with a market cap below $1B. + +BREAKING: [Elon Musk just tweeted us](https://mobile.twitter.com/elonmusk/status/1354174279894642703) +&#x200B; + +https://preview.redd.it/veevm7ll79i61.png?width=298&format=png&auto=webp&s=34738c9458d11386c6c0e7e7d876249802be47ad + +**Butchering beans for vegan meats handcrafted with real, whole-food ingredients** + +The Very Good Food Company Inc. (CSE: **VERY**) (OTCQB: **VRYYF**) (FSE: **0SI**) + +Doing my best DD as a regular investor into a movement I support, although I don't know if I'll ever be able to give up real bacon. I do hold about 350 shares in total and see this stock exploding with upcoming catalysts. Please do your own DD as I am not any sort of advisor but believe this stock is set to have a great run in 2021-2025. + +This is not a fast food chain vegan and meat alternative. They are a higher priced "boutique" and "specialty" vegan meat producer that are going to see rapid expansion in 2021. + +[Source https:\/\/www.verygoodbutchers.com\/pages\/investor-relations](https://preview.redd.it/7vt1a2jsb9i61.png?width=1325&format=png&auto=webp&s=70c73fb04b77dc25c57c637864f73a8b5de24080) + +*Fed up with the overly-processed meat alternatives available, our founders knew they could raise the plant-based bar. As trained chefs with years of experience, they set out to make the most delicious and nutritious plant-based meats they could, and in our humble opinion, they nailed it!.* + +*After selling out the farmers markets on Denman Island, BC, our bean butchers knew they were onto something. They brought their magic beans to Victoria and opened the Canadian West Coasts’ first* [*plant-based butchery*](https://www.verygoodbutchers.com/pages/butcher-shop)*.*  + +*A bajillion butchered beans, a Dragon's Den Appearance, 15 new products, and the opening of a production facility later (all in 3 years!), and our (not so) little Butcher Shop is online and ready to put some Very Good food on your plate.* + +VERY has been around Vancouver Island and Gulf Islands for a bit now and are starting to hit the mainstream. Vancouver Island, imo, is a very "green minded" place with a lot of people consciously making lifestyle choices that affect and contribute to the wellbeing of the planet. + +**Management:** + +Mitchell Scott | Co-Founder & CEO - Mitchell joined The Very Good Butchers shortly after their first summer at the Denman Farmers Market. He grew up on Denman Island and now lives in Victoria B.C. He's responsible for the business operations and marketing of The Very Good Butchers. + +James Davison | Co-Founder & Chief Research and Development Officer - James has been a chef for over 10 years, working in the UK and Canada. Originally trained in classic French cuisine, he became interested in vegetarian and vegan cooking when he moved to the West Coast in 2012. James oversees product and menu development for The Very Good Butchers. + +Ana Silva | President - Silva has spent the past five years with Daiya , where she served as Chief Financial Officer. During Silva’s time with Daiya, the company underwent a CAD$405 million acquisition by Otsuka Pharmaceuticals, a Japanese based pharmaceutical and nutraceutical company. Along with this significant acquisition, Silva oversaw a period where Daiya was ranked as the fastest growing plant-based food company in America by SPINS. + +**Products:** + +[Source https:\/\/www.verygoodbutchers.com\/collections\/vegan-butcher-boxes](https://preview.redd.it/qjkd5f2ac9i61.png?width=1618&format=png&auto=webp&s=2a152f5366672a23ec81f4647890c5e619ac0391) + +VERY has seen massive climbs in their share price since they've gone public and have seen equally great growth in their Victoria facility and mainland expansion. + +# HIGHLIGHTS AND NEWS: CATALYSTS + +\*\*\* Waiting for update on Q4 earnings and updates on new facilities in Vancouver and California\*\*\* + +**Feb 18 2021** \- VERY is pleased to announce new retail distribution with Quality Foods owned by the Jim Pattison Group; and additional distribution points with Sobeys Inc. through its Safeway retail network. These partnerships are a result of VERY's efforts to scale distribution in line with production capacity. + +[https://finance.yahoo.com/news/very-good-food-company-announces-123000330.html](https://finance.yahoo.com/news/very-good-food-company-announces-123000330.html) + +**Feb 10 2021** \- VERY is pleased to announce the appointment of Kevin Callaghan, a veteran sales executive in the plant-based food space, as its Director of Sales for US markets; as well as provide an update on US e-commerce activity....VERY is also pleased to provide an update on US based e-commerce activities. The Company has experienced significant growth in order volume from US consumers over the past year. In 2019, 550 orders were received from US online customers as compared to 16,024 orders in 2020, resulting in a 2,813% increase in order volume. This US e-commerce sales order growth is a result of digital marketing campaigns and community building initiatives introduced in the latter part of 2020. VERY recently launched a separate US e-commerce website to provide a more seamless customer service experience to US consumers and for better search engine optimization. + +[https://finance.yahoo.com/news/very-good-food-company-announces-123000002.html](https://finance.yahoo.com/news/very-good-food-company-announces-123000002.html) + +**Feb 3 2021** \- VERY is pleased to announce that it has received conditional approval to list its common shares on the TSX Venture Exchange ("**TSXV**"), subject to fulfilment of customary conditions including the filing of final documentation with the TSXV. + +[https://finance.yahoo.com/news/very-good-food-company-receives-123000570.html](https://finance.yahoo.com/news/very-good-food-company-receives-123000570.html) + +**Jan 28 2021** \- VERY is pleased to announce a new flagship butcher shop and restaurant in Victoria, Canada, and update on the commissioning of the Rupert Facility. + +[https://finance.yahoo.com/news/very-good-food-company-announces-123000328.html](https://finance.yahoo.com/news/very-good-food-company-announces-123000328.html) + +**Jan 13 2021** \- VERY is pleased to announce that it has taken possession of its highly anticipated Vancouver-based production facility (the "**Rupert Facility**"). In addition, VERY provides an update on changes to its Senior Leadership team. + +**Rupert Facility Commencement** + +As of January 11, 2021, VERY has officially taken custody of the Rupert Facility, initially announced on November 11, 2020. After an initial ramp-up period, the leased Rupert Facility is expected to be capable of producing up to 37,000,000 lbs of annualized product to be phased in over the next year, representing an approximate increase of 2,690% over expected annualized production capacity of the Company's Victoria facility of 1,375,000 lbs per year. + +Already built-out as a food production facility by its previous plant-based operator, Daiya Foods, the Rupert Facility spans approximately 45,000 sq. ft. and comprises production, refrigeration, warehousing, R&D and office space. Over the next few months, the Rupert Facility will require minor upgrading and retrofitting to accommodate the production requirements for the Company. Equipment for the first production line will start to arrive in late January with commissioning to begin in late February and food production to commence shortly thereafter. The Facility is anticipated to be fully operational in the second quarter of 2021 and capacity will be systematically scaled upwards over the following months. + +[https://www.marketwatch.com/press-release/the-very-good-food-company-begins-commissioning-of-its-vancouver-based-production-facility-and-announces-changes-to-senior-leadership-team-2021-01-13?mod=mw\_quote\_news\_seemore](https://www.marketwatch.com/press-release/the-very-good-food-company-begins-commissioning-of-its-vancouver-based-production-facility-and-announces-changes-to-senior-leadership-team-2021-01-13?mod=mw_quote_news_seemore) + +**Jan 11 2021** \- VERY is pleased to announce that it has signed a non-binding letter of intent (the "**LOI**") for the acquisition (the "**Acquisition**") of all the shares of The Cultured Nut Inc., a popular plant-based cheese company located in Victoria, British Columbia ("**TheCultured Nut**"), with current distribution in several online and grocery retailers including SPUD.ca and select Whole Foods stores. + +[https://www.marketwatch.com/press-release/the-very-good-food-company-announces-strategic-expansion-into-plant-based-dairy-alternatives-market-with-the-planned-acquisition-of-the-cultured-nut-2021-01-11?mod=mw\_quote\_news\_seemore](https://www.marketwatch.com/press-release/the-very-good-food-company-announces-strategic-expansion-into-plant-based-dairy-alternatives-market-with-the-planned-acquisition-of-the-cultured-nut-2021-01-11?mod=mw_quote_news_seemore) + +**Dec 10 2020** \- VERY, a progressive creator of innovative plant-based food products, is pleased to announce record sales in November due to highly successful Thanksgiving, Black Friday and Cyber Monday e-commerce sales promotions. + +**November Record Monthly Revenue** + +VERY achieved a new record for monthly sales in November 2020 of $782,790, an increase of 582% over November 2019 due to increased e-commerce sales attributable to American Thanksgiving along with Black Friday and Cyber Monday sales promotions. + +E-commerce sales in November were $600,671 resulting from 6,258 orders, an increase of $292,486 from the prior month, and $550,429 compared to November 2019. American Thanksgiving attributed to $384,045 in e-commerce sales in November 2020 representing 4,287 orders; approximately a 1686% increase in the number of orders compared to November 2019. E-commerce revenue from Black Friday and Cyber Monday promotions was $191,512. Sales from these promotions is evidence of the effectiveness of VERY's various e-commerce marketing initiatives to build brand awareness and demand for VERY's products. These initiatives will support the Company's next phase of growth and increased production capacity coming online in Q1 2021 from the Rupert facility. + +[https://www.marketwatch.com/press-release/the-very-good-food-company-announces-record-monthly-sales-2020-12-10?mod=mw\_quote\_news\_seemore](https://www.marketwatch.com/press-release/the-very-good-food-company-announces-record-monthly-sales-2020-12-10?mod=mw_quote_news_seemore) + +**Nov 16 2020** \- VERY today announced its third quarter ("**Q3**") financial results for the period ended September 30, 2020. + +**Key Financial Highlights** **of Q3 2020** + +* Revenue of $1,393,234, **growth of 26.6% over the prior quarter and 322% year over year** +* Gross margin of 39.2% over a nine-month period; an improvement from 28.7% in 2019 +* Production volume sold of 126,293 lbs in the three-month period, an increase of 37.2% compared to the prior quarter +* Total assets of $15,770,938, including a cash balance of $8,139,684 compared to $405,610 in the prior year +* Outstanding debt has been reduced to a remaining balance of $40,000 +* Net loss was $4,497,107 for the third quarter or $0.06 per common share +* Adjusted EBITDA loss of $3,138,595 in the quarter or $0.04 per common share + +[https://ca.finance.yahoo.com/news/very-good-food-company-reports-131500311.html](https://ca.finance.yahoo.com/news/very-good-food-company-reports-131500311.html) + +**Financial Info from Yahoo** + +[https://ca.finance.yahoo.com/quote/VERY.CN/key-statistics?p=VERY.CN](https://ca.finance.yahoo.com/quote/VERY.CN/key-statistics?p=VERY.CN) + +&#x200B; + +https://preview.redd.it/c1w4w09vi9i61.png?width=438&format=png&auto=webp&s=ab79f429a600a275e037cc7d3b7fc3242b43dcb5 + +https://preview.redd.it/pashtl4yi9i61.png?width=431&format=png&auto=webp&s=c147ab1d408d27efca5216cb71ba515dffbee4b2 + +https://preview.redd.it/23hhkl3zi9i61.png?width=425&format=png&auto=webp&s=a73b0e60b7303239971f14a76536393c4531ca0d + +**Misc** + +VERY is in a league of its own as a vegan butcher vs BYND or TTCF. While they are expanding into new stores they are not of the same scale and distribution as BYND and TTCF but they don't appear to be going for the fast food chains either. This would have it's pros and cons but I do believe they are more of the "craft beer" industry of the vegan movement and this to me signifies they may have their own niche as higher quality vegan choices. + +VERY - Share price **6.41-0.09 (-1.38%)** \- Market Cap 545.397 million + +BYND - Share price **166.71-1.16 (-0.69%)** \- Market Cap 10.445 billion + +TTCF - Share price **23.67-0.70 (-2.87%)** \- Market Cap 1.694 billion + +With VERY's quarter over quarter growth I believe this stock to be on the verge of really exploding. The growth in their two new facilities on top of their record production in Victoria is going to rocket this one in 2021. + +**TLDR:** + +VRYYF Price is *5.200 USD* today. + +**1 year** The Very Good Food Forecast: **18.795685 \*** + +**5 year** The Very Good Food Forecast: **66.898 \*** + +[https://gov.capital/stock/vryyf-stock/](https://gov.capital/stock/vryyf-stock/) + +**-----------------------------------------------------------------------------------------------------------** + +Please don't hesitate to share your comments below whether or not you believe in VERY. The more info we all have the better off we are. + +For disclosure I prefer many of the products that VERY provides with the caveat that I prefer the BYND "ground beef." I definitely encourage you all to try some product from all of the options and see what you like. + +Thanks for reading + Ive seen quite a lot of news for this company the last few months and their stock currently sits $1.61 a share. Up 109% from last year. The Company just had some successful tests of its drones last week. Is this a good opportunity long term investment or a dud? +For anyone interested. Rumors are flying around this Halloween morning that another GME short squeeze is in play. Yahoo Finance has been pumping this up which makes it very odd and I personally think it's a rug pull. I don't believe anything those clowns (Yahoo Finance) have to say on any day of the week so today is no different. Sell your puts or sell your calls, there's theta to be had. + +edit for clarity: Clowns = Yahoo Finance + +https://preview.redd.it/1bcr7jo775x91.png?width=901&format=png&auto=webp&s=bd213f6449b7722faaa9663d025dac6a03d67043 +38, ~$1.5mm NW, LCOL, wife stays home with 3 young kids + +Take the red pill: $550k/yr fortune 100 VP; likely could plan for 15 year run as a VP to fatFIRE by 53, somewhat likely I could get to SVP or C-Suite with commensurate increases in salary over next 5 to 10 years. Live in same city as corporate headquarters, not a ton of travel required. Good boss and mentor in the company and perceived as “top talent.” Anything could happen of course but feel pretty confident about this. + +Take the blue pill: $750k/yr at C-suite. Pre-IPO international co recently expanded into US. Exit expected w/in 4 years with $1.5mm payout (conservative estimate). If this happens would expect no problem finding next role. + +Wwyd? Why? Thanks! + +EDIT: Wow, thank you all very much - it’s like a chorus of mentors (and some trolls). A couple of comments: staying put (red pill) would be easier on the family. Jumping ship opens a wider range of outcomes - I could hit my number sooner or not...at the cost of a few really important years with the kids. + +It’s not a start up, but it is pre-IPO. The comp and equity likely don’t make sense because (1) the equity is a conservative estimate and (2) I’ve negotiated the annual comp up. + +I recognize now I should have reversed “red” and “blue.” I haven’t watched the Matrix in 20 years. + +Thanks again internet mentors. +The russia war with ukraine is terrible, but the financial aspect is fascinating to me. All these companies are stopping their business there (although I think they will start back up as soon as it ends) and the value of russian stocks traded outside of russia have plummeted. With china backing russia, I think china stands to gain the most. China can buy up russian companies on the cheap since they are not subject to the sanctions. Chinese companies will move in to take over for all the foreign companies who pulled out (ie apple halting sales in russia and they are still going to need phones, so hello chinese phone makers who use android). I suspect russia will be very slow to go back to using non russia/non Chinese companies after this (ie why would they go back to visa/mastercard after the rug pull when they can’t trust them as business partners). What are your thoughts? + +My reason for posting this in value investing is that I wonder if my china benefitting thesis could provide a floor to the value of russian securities and thus make them good value plays. +https://www.bloombergquint.com/markets/meet-the-spy-11-kids-with-250-billion-riding-on-their-lives + +Quote from the article: "SPY as we know it will cease to be on Jan. 22, 2118, or 20 years 'after the death of the last survivor of the eleven persons' -- whichever occurs first." + +And apparently at least 8 of the 11 people didn't even know their role in the creation of SPY (since they were babies when it happened and I guess no one told them). + +Edit: In case anyone was wondering, yes, this is mentioned in the SPY prospectus: https://www.ssga.com/us/en/institutional/etfs/resources/doc-viewer#spy&prospectus + +Quote from the prospectus: "The Trust has a specified lifetime term. The Trust is scheduled to terminate on the first to occur of (a) January 22, 2118 or (b) the date 20 years after the death of the last survivor of eleven persons named in the Trust Agreement, the oldest of whom was born in 1990 and the youngest of whom was born in 1993. Upon termination, the Trust may be liquidated and pro rata Units of the assets of the Trust, net of certain fees and expenses, distributed to holders of Units." + +Just thought this was an interesting fact that not many people may be aware of. Funny how ~~old financial laws~~ the rule against perpetuities works. + Hi! I've recently started to research ML methods for trading strategies building. I tried to read scientific researches, sometimes it's quite difficult, maybe someone can provide me with relevant simple articles? I trade crypto, therefore ML for cryptomarket would be perfect. +TLDR: I wanted to see what this Toys for Tots thing was all about since IDAT won't shut up about it. I went to the Irving Warehouse yesterday and what I saw was **INCREDIBLE.** + +Pictures and video below. + +&#x200B; + +I didn’t upvote u/buttfarm69’s VGH post. IDAT posts? Flicked right past them. Having now witnessed this firsthand, I understand the excitement……and those of us who are less than hype with how this effort was handled are all uninformed. + +I was reading new (instead of working) and saw a meme by u/CSMbird today that said “According to the Farmer of Butts….we need more strong hands…at 3800 Irving Mall TFT”. I’m 20 minutes from meeting buttfarm69 and a ‘we’ of apes in person?! Immediately took lunch, threw on my GameStop tee and drove over there to see what Very GMErry Holidays was really all about. When I arrived and told the door Marine that I was there to volunteer, I would soon realize there was no buttfarm and ‘we’ was a fvck1ng lie. + +After the Marines gave me a tour and I quickly realized they had no knowledge of our sub or why they had a metric fvckton of gamestop deliveries coming into their warehouse. In fact I was told by what appeared to be the head Marine that he’d been doing this for years and had been given lots of promises for deliveries that never happen (edit: FTDs?)…….but these folks he’d been in contact with about VGH….deliver. By the end of the day several asked me if I and any of my ‘friends’ were coming back to help further. I told them ‘I hope so’. + +Short video of this facility to try and communicate scale…note at this point I still hadn’t read anything about VGH and didn’t fully realize what I had been touching all day. + +&#x200B; + +https://reddit.com/link/qvynvo/video/49g58ednj5081/player + +Process is as follows: 1) Marines receive toy requests. They had a bulletin board FULL of them with contact info for the entity and the number of boys/girls toys requested by age. 100-500 toys is what I typically saw per request. 2) Marines receive toy shipments. 2) They break these down and unpack them into sorter bins by age, gender or gender neutral. 3) They package the requests 4) They call the requestor and load the toys into that entities vehicle. See below photo 1. + +&#x200B; + +[not going to lie, packing those gift boxes is exhilarating ](https://preview.redd.it/volztzhuh5081.png?width=1214&format=png&auto=webp&s=2bd9dd297fb35695aefd4437e2cede32940bb9d1) + +There were three kinds of product staged. 1% - Loosely boxed toy drive toys (not pictured). 30% palletized toys (pictured below), much of which match those single items you see in IDATs GameStop cart post. I’d been handling your donations for HOURS and didn’t even know it until after I came back on the sub to retroactively see these VGH posts! + +&#x200B; + +[gift 'TFT' pallets...lots of this stuff looks familiar...](https://preview.redd.it/1nzi105ei5081.png?width=1025&format=png&auto=webp&s=05db54247b598d0e91fed0a88c09a2c5de5a1b0b) + +And then there was the 69% of what occupied the warehouse….GameStop’s drop on these guys. This was what floored me when I saw the GameStop logos on them. Imagine an 18-wheeler full of gamestop boxes. Double that. It’s the perfectly arranged highly stacked elephant in this room. + +&#x200B; + +[GameStop Corporate's contribution view 1](https://preview.redd.it/bplqzfmpi5081.png?width=1498&format=png&auto=webp&s=1e7cf58405cf135371512460d5703270c9a0bfd3) + +&#x200B; + +[view 2. barely visible in the right hand corner peeking out is the 'TFT' pallets pictured above.](https://preview.redd.it/b2zkqimui5081.png?width=1225&format=png&auto=webp&s=4dfd880d31a3ef26072f253452ec8eb944963b05) + +&#x200B; + +[Gamestop's stuff next to 'our' and i'm sure some other folks donations](https://preview.redd.it/jl3j9a3xi5081.png?width=781&format=png&auto=webp&s=160ee3952ca72a437b41ba7fafa8ed3c114a6a2e) + +I’ve been sitting behind this screen for almost a year….but this….this is a real, actual good thing that’s happening. + +Those of you who donated, know that your donations make up much of what’s going out. Buy hold shop DRS. + +Those of us who haven’t donated, if GameStop is in this hard….why aren’t you? + +&#x200B; + +https://preview.redd.it/9odvpyfhj5081.png?width=829&format=png&auto=webp&s=8d466499ed306e940612f2e799401c2e017451c4 + +&#x200B; + +u/CSMbird credit for me going today [https://www.reddit.com/r/Superstonk/comments/qve7k5/according\_to\_the\_farmer\_of\_butts\_more\_strong/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/qve7k5/according_to_the_farmer_of_butts_more_strong/?utm_source=share&utm_medium=web2x&context=3) + +[u/I\_DO\_ANIMAL\_THINGS](https://www.reddit.com/user/I_DO_ANIMAL_THINGS/) – I literally saw these items in bulk on pallets (separate from the giant gamestop dump). Handled them all afternoon. Just tonight found out they match your GameStop shopping cart LOL. + +[https://www.reddit.com/r/Superstonk/comments/qt8kcx/gamestop\_ceo\_matt\_furlong\_said\_we\_believe\_that/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/qt8kcx/gamestop_ceo_matt_furlong_said_we_believe_that/?utm_source=share&utm_medium=web2x&context=3) + +[https://www.reddit.com/r/Superstonk/comments/qvfl04/a\_very\_gmerry\_holiday\_update\_welcome\_to\_pallet/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/qvfl04/a_very_gmerry_holiday_update_welcome_to_pallet/?utm_source=share&utm_medium=web2x&context=3) + +u/buttfarm69’s post for those who haven’t read it bc reasons. + +[https://www.reddit.com/r/Superstonk/comments/qnam2x/superstonks\_very\_gmerry\_holiday\_vgh\_for\_short/](https://www.reddit.com/r/Superstonk/comments/qnam2x/superstonks_very_gmerry_holiday_vgh_for_short/) +I got extremely lucky with crypto and have $189,000 to invest. I plan on investing 80% VOO and 20% VXUS. Would it be foolish to invest everything at once or should I just add a little bit a week? I plan on holding onto it for at least 20 years. + +btw, I'm doing this through Robinhood and not an IRA or 401k +https://www.investopedia.com/berkshire-hathaway-earnings-4q2020-annual-letter-5114383#:~:text=Earnings%20per%20share%20(EPS)%20were,%2C%20up%20by%2024.6%25%20YOY. + +This is huge! + +Here's the annual letter: + +https://www.berkshirehathaway.com/2020ar/linksannual20.html + +The coolest thing is that despite selling some Apple stock, BRK shareholders' percentage ownership of Apple actually increased from 5.2% to 5.7%! + +Also, even though he states that $KHC was trading at less than carrying value at year end, the stock has since rallied. It now trades at about the same as carrying value as of Friday. +&#x200B; + +[RC TOMBSTONE TWEET](https://preview.redd.it/a5aarkz9v1271.png?width=400&format=png&auto=webp&s=b066fbf4ef1a4432597d4f7b16cc8a76c66fcadb) + +"A tombstone is a written advertisement that gives investors basic details about an upcoming public offering." + +EDIT #1 THANKS FOR ALL THE UPVOTES! I didn't expect this to blowup as I was just reposting it in light of the tweet. This is my theory based on facts. Also a great timeline of rc involvement with GME. Gamestop future is very bright in the near term and future. Not financial advice. + +Reposting Merger DD + +**What's RC plan, does he have a plan?** + +&#x200B; + +[Reverse Merger](https://preview.redd.it/e3snbmofv1271.png?width=1264&format=png&auto=webp&s=919faa2369537a443fc935d3c012f6a33d6c1d78) + +&#x200B; + +Here is what I think Ryan Cohens plan is + +Ok I have heard allot of talk about stock splits, reverse splits, dividends or crypto dividends ect on how RC can shake the shorts. + +None of those really go the whole way. Reverse split is out of the question as the stock is not liquid enough, and there is legal questions surrounding the crypto dividend. [OVERSTOCK](https://www.coindesk.com/after-lawsuits-and-delays-overstock-hands-shareholders-digital-dividend) + +Also none of these moves benefit Ryan Cohen and GameStop at the same time. They may hurt the shorts or help retail investors but none of the options help Gamestop and RC at the sametime. + +I have [Posted](https://www.reddit.com/r/Superstonk/comments/mwy324/can_ryan_cohen_increase_his_ownership_to_199/) and others have thought about RC buying more GameStop, after reviewing the filings **he can buy up to 20% of the company at any point.** This whole time I have been waiting for him to buy, and thinking that he is waiting for volume to dry up, or to save his ammo to protect the stock if the price starts to fall. + +but there is a serious flaw in that thinking......it doesn't help Gamestop. + +I lay out the timeline of RC and GameStop below more in-depth below, but at this point RC has control of the board and the chairmanship, he doesn't need to buy anymore stock the way normal people do. + +GameStop, with the help of RC and his marry band of Apes has erased its long term debt (minus leases) and raised 555m (a nice down payment on the transformation) + +Ryan Cohen wants to own more of GME, most owner/CEO own over 20% of the companies they run. + +He is totally invested in the GameStop turnaround, the best thing he can do is a **Reverse Merger.** + +He capitalizes RC ventures with allot of money (500m, 750m, 1.5b) he can even bring in other private investors. + +RC Ventures and GME merge, they create a Holding Company that they both merge into. The holding company is renamed Gamestop and eventually trades as GME under a **new CUSIP#** + +**How does it help Ryan Cohen**\- He gets ownership of whatever % of the stock at the agreed upon merger price (it would be the same amount as if he bought on the open market) + +H**ow does it help Gamestop**\- they actually get the **CAPITAL,** if Ryan buys on the open market they don't get the money they sold that stock when they issued it. this way Ryan gets to infuse the company with much needed cash and increase his ownership stake at the same time. + +You are probable asking + +HOW DOES IT HELP APE - Did you gloss over the part about the CUSIP#...here read this + +[Example 1](https://groovevc.wordpress.com/2017/04/12/is-this-the-beginning-of-a-remarkable-short-squeeze/) or [https://theintercept.com/2016/09/24/naked-shorts-cant-stay-naked-forever/](https://theintercept.com/2016/09/24/naked-shorts-cant-stay-naked-forever/) + +" Changing the stock cusip number results in each share with the old cusip number having to be exchanged for a share with the new cusip number, which causes each short position to have to prove the borrow. Naked short positions would be unable to comply and those positions could have to be covered by purchasing shares with the new cusip on the open market. " + +Now the reverse split or the reverse merger has been tried before and it does squeeze the stock price a bit, but then it goes right back down. Typically this is because it is done on Penny Stocks and the shorts can simply cover as its not that expensive or there is not as many Naked shorts as people think. + +but what if there is a ton of **NAKED SHORTS,** then those **SHORTS ARE FUCKED.** If they sold a bunch of shares naked and kept doing it without ever thinking they would need to be returned they would be foreced to buy a TON of GME under the new CUSIP # + +**ADDITION More research and DD need to be done on how a merger or reverse merger affects users on ETTORO** +https://www.etoro.com/posts/0__entry__19ed9016-5e15-4642-be20-64b8dc9bb89f +Adding alpha merger info from Etoro. My take is not to worry if you are on Etoro, there would be a minimum 30 day period from the announcement of a merger to an actual merger, probably more. So the stock would squeeze during that period not after. Also any merger would cause a change in cusip number. + +Remember Citadel Securities is the DMM for GME right now if they change their cusip number they can change DMM OR CHANGE EXCHANGES. + +&#x200B; + +[SHortsplan was never to cover](https://preview.redd.it/wf27b5zmv1271.png?width=1027&format=png&auto=webp&s=7d5deba3ced045bc5fc1f253eff80fcbded6c947) + +I have been writing a DD where I believe that Citadel and SUS has been stashing their Naked options sales or Naked short sales in [Sold not yet purchased liabilities](https://www.reddit.com/r/DDintoGME/comments/n6mj3h/knight_capital_groupthe_precursor_to_citadel_part/) which are Ballooning. Citadel has no clothes describes the naked shorting done by Citadel securities the best. + +Oh and GME has done this before when the merged with EB games + +[Gamestop EBgaming Merger](https://news.gamestop.com/node/11616/html) + +They created a new Holding company like a laid out above + +More Fuel for the Fire- + +**Ryan Cohen changed lawyers** (DFV pointed it out in his tweets) + +new lawyer.....rising start in Mergers and Acquisitions + +[https://profiles.superlawyers.com/new-york-metro/new-york/lawyer/ryan-p-nebel/c6896fb3-ede6-4eca-8bbe-40b0dc317589.html](https://profiles.superlawyers.com/new-york-metro/new-york/lawyer/ryan-p-nebel/c6896fb3-ede6-4eca-8bbe-40b0dc317589.html) + +He also has a team of lawyers but Ryans on the Filings now . [NEW TEAM](https://www.globallegalchronicle.com/gamestops-agreement-with-ryan-cohen-for-the-board-of-directors/) + +**Ryan Cohen has the Assets**\- + +He sold CHewy for Billions....he bought two stocks Apple and Wells Fargo (we don't know the ratio but articles point to it being heave on apple) + +Do you like apples? + +&#x200B; + +[RC ownes 6.2 Million Shares of APPLE](https://preview.redd.it/e8odbhlsv1271.png?width=853&format=png&auto=webp&s=06a3cc0a60e8194e09a9447b0ded0a4341407c5e) + +**Tinfoil Hat time-** + +Apple has been acting weird since mid February. + +[Apple bought back 19B in March](https://www.barrons.com/articles/tech-giants-have-ramped-up-stock-buybacks-apple-is-the-champ-51619780412), the stock didnt pop up until they crushed earnings and annouced that they are going to buy back 90B more....and its dipping again. + +I have been thinking it is Funds selling out to cash out or to cover your position. Probably covering the position as apple it is safe haven stock. + +but what if it was someone ready to go .....all in on GME + +yeah crazy theory + +&#x200B; + +https://preview.redd.it/xt08lsjvv1271.png?width=1072&format=png&auto=webp&s=d8276c1f6fa1cb5bad92332610c7f69da848d1ee + +&#x200B; + +https://preview.redd.it/8iif6rzwv1271.png?width=782&format=png&auto=webp&s=c1cae8e7524d542837656f5a8f76f4eacf79deb6 + +**Lets Recap what Ryan has done to Date**\- + +\-Ryan Cohen Started purchasing Gamestop on 8/13/2020 + +\-Registers and Incorporates **RC Ventures LLC** on 8/28/2020 + +\-Files [first 13D](https://sec.report/Document/0001013594-20-000670/) on 8/28 signifying that he owns more than 5% + +\-Buys more GME and then on 11/16/2020 rights a [letter to the board](https://sec.report/Document/0001013594-20-000821/rc13da3-111620.pdf) (This really the only DD I need) + +he points out in the letter Game stop is failing and squandering a Golden opportunity + +&#x200B; + +[He knows they were short](https://preview.redd.it/scab9wkzv1271.png?width=660&format=png&auto=webp&s=b9f725728fae915bb9d29290f488615df253e175) + +&#x200B; + +[Would not be bought off with board seets](https://preview.redd.it/qmplk5s0w1271.png?width=721&format=png&auto=webp&s=e4d30c5d9af4543323226b880565cd030b227e99) + +\- On 12-21-2020 RC aquires more [GME](https://sec.report/Document/0001193805-20-001571/) he now owns 12.9%, [DFV](https://twitter.com/TheRoaringKitty/status/1341074590534152192) eagle eyes it a notes Ryan switched attorneys, thanks DFV you look at everything + +\- GME and RC file a [13D/A](https://sec.report/Document/0001193805-21-000031/) that they have come to agreement that the board will expand from 10-13 seats, and Alan Attal, Ryan Cohen and Jim Grube will be added to the board. At the share holders meeting it will go back to 9 members. [Agreement](https://sec.report/Document/0001193805-21-000031/#e620202_ex99-1.htm) (please read) + +&#x200B; + +https://preview.redd.it/qonwquv3w1271.png?width=1624&format=png&auto=webp&s=9b08866cd3b1bfe64c052ede6c671fb57b8d2371 + +the standstill provision last until 120 days after the annual meeting (unless they amend or terminate it) + +&#x200B; + +https://preview.redd.it/p8cj95x6w1271.png?width=1649&format=png&auto=webp&s=96036d237f1a27eb901611291970f7073b8551e4 + +Standstill period for stock ownership, and it changes the definition of an interested stockholder from 15% to 20%. it notes that an interested stockholder would be restricted on any business combination for 3 years after they reach 20% (changed from 15%) + +&#x200B; + +[He is approved to buy 20&#37; of the stock to date...but has not](https://preview.redd.it/o06xtk8bw1271.png?width=1643&format=png&auto=webp&s=12d6681ed5eed7e199bd3aba19cd9e3e24e2f683) + +\-James Bell Resigns 2/23 + +\-GME hires new COO from amazon 3/23 (they also hired a series of C-suite executives to lead the transformation) + +\-Gme 4/5/2021 updates their [ATM offering](https://sec.report/Document/0001193125-21-105564/) reduce shares from being offered and increased the target price and the press thought it was Bad??? (side note in late 2019, GME bought back over 30,000,000 shares!!! so they bought back 30,000,000 shares in 2019 for 150 million, and sold 3.5 million shares in 2021 for 555million) + +\-GME 4/8/2021 announces Ryan Cohen will be director of the board on 6/9 and that the board will be 6 members (Ryan has 4 of the 6 seats) OK **He wrote a letter on November 11/16 and 6 months later he is the chairman of the board and has board control.** + +\-Gme 4/13/21 Announces Voluntary Early Redemption of Senior note (cool they will be debt free) lets check out the note + +&#x200B; + +[He can now do the merger](https://preview.redd.it/7b1quvhiw1271.png?width=1547&format=png&auto=webp&s=c343b164761359be5620c78033880031bcee9252) + +GME 4/19/21- Announces CEO succession plan ( I don't think it matters if its Ryan or not, Ryan is steering the ship another person would just bring in added brain power and experience) + +GME 4/26/21- Gme Complete At the market equity offering program (21 days) Sells 3,500,000 shares for $551,000,000 + +GME 4/30/21 Retired the debt and announced the opening of a new [Fulfillment](https://news.gamestop.com/news-releases/news-release-details/gamestop-expands-fulfillment-network-new-facility-york) center + +Ryan Cohen buys in August, wrights a letter in November and in less than 6 months he has + +\-erased long term debt (outside of leases) + +\-raised over 500million dollars + +\-Remade upper management + +\-Started the process of opening a fulfillment center for the east coast + +\-Added NFT and Blockchain to the Pipeline + +Orginal Post on reverse merger( POsted 3 weeks ago) + +[https://www.reddit.com/r/Superstonk/comments/n7bv2h/ryan\_cohens\_kill\_shotthe\_reverse\_merger/](https://www.reddit.com/r/Superstonk/comments/n7bv2h/ryan_cohens_kill_shotthe_reverse_merger/) +This is an excerpt from the following article: [https://www.peakprosperity.com/next-comes-the-turbulent-twenties/](https://www.peakprosperity.com/next-comes-the-turbulent-twenties/) + +He also claims this means the markets are due for a 50% correction. Can anyone tell me if this is accurate? Also any idea as to whether the rest of the claims are generally accurate or not would be nice. It all seems very cromulent to me but I don't know enough to know if I'm being misinformed or not. +[VWCE](https://www.justetf.com/en/etf-profile.html?isin=IE00BK5BQT80) (**Vanguard FTSE All-World UCITS ETF (USD) Accumulating)** + +This is a ETF that tracks stocks from developed and emerging countries worldwide, made by Vanguard. + +Most people don't understand that VWCE's cost is actually less than 0.22% TER. + +We often see it mentioned: + +IWDA's TER is 0.20%; EMIM's TER is 0.18%, while VWCE's TER 0.22%. + +So, Blackrock's ETFs cost is less, therefore, we should invest in them, right? + +Well, not so certain. + +The true cost\* of a ETF is shown on its [tracking difference (td)](https://www.etf.com/etf-education-center/etf-basics/understanding-tracking-difference-and-tracking-error?nopaging=1): + +^(\*t)*^(he tracking difference is not a cost but it shows the real cost.)* + +For example, if you have a fund that tracks S&P 500 with TER of 0.1%, the expected tracking difference should be -0.1. This means the tracking was perfect, only the TER is eating the cost. If it was -0.5, it meant the fund was 0.4 off. Got it? + +Now, looking at VWCE's td, we see it's too new (2019) and still has no historic data. But it's brother, VWRL, which is the same except for being distributing instead of accumulating, has a longer history. These two funds are two versions of the same underlying assets. They are the same except for what they do to the dividends. + +[VWCE/VWRL TD:](https://www.trackingdifferences.com/ETF/Index/FTSE%20All%20World%20Index) + +2015: 0.0 + +2016: 0.0 + +2017: 0.0 + +2018: 0.0 + +2019: 0.1 (this means the fund exceeded the benchmark by 0.1%. This can be achieved by interest on security lending, etc). + +[IWDA](https://www.trackingdifferences.com/ETF/ISIN/IE00B4L5Y983) has a similar td to VWCE. [EMIM has a much worse td](https://www.trackingdifferences.com/ETF/ISIN/IE00B4L5YC18), but since it's such a small % of the overall world (10/12%), it makes no dent in the overall td. However, if you are one of those that wishes to bet on Emerging Markets, take this into consideration. For example, in 2019, EMIM's cost was not 0.18% but 0.9%. + +This means that taking td into account, VWCE and IWDA td is the same, which means their real cost is basically the same. So 0.02 TER difference (IWDA's 0.20 vs VWCE's 0.22) makes no difference because these funds' td is the same. + +If a fund constantly does 0.0 in tracking difference year after year after year, like Vanguard's VWLR/VWCE, then you can deduct that the real TER is actually lower than the announced fixed cost. Hence 0.22 TER is in actuality lower than that, because the ETF that tracks the index (FTSE in this case), is not - 0.22% below the index, but 0.0, aka the same. + +Considering this, I picked VWCE so I don't have the issues of having to rebalance every year. It's one world fund and done. That's what I'd advise most people do. + +Of course, you can allocate 5% or 10% of your investment money into stocks or sector ETFs (I do have some stocks and bets on my own), but that should be about it. + +&#x200B; + +**TLDR: Investing in VWCE is the most straightforward, simple, fool-proof, long-term, cheapest successful investment strategy for passive investors that benefit from accumulating ETFs in Europe.** The only reason not to invest in VWCE is if you are already invested in IWDA/EMIM and want to keep investing in those or if you are on degiro want wish to go for the free ETF (IWDA—though this lacks emerging markets). + +Good luck! +I was reading up on US drug manufacturers with U&C pricing, PBMs, insurance, patents, and the like, and even though all that what I couldn't wrap my head around was how EU drug manufacturers make profit with, and I could be wrong on this fact, their government setting a cap on drug prices. + +Wouldn't a market cap disincentivize R&D? Or at least limit it? + +Or can EU manufacturers simply copy what US R&D produces and use the formula and create a new patent in the EU? + +I have no idea how patents work over international borders and I could be very underinformed about the process so feel free to correct me on any and all points made! +As we all know, the market has been declining these past few days. Throughout this whole fiasco, I’ve read of many people on Reddit (especially new investors/gamblers) who have been losing large percentages of their gains within a few days time. + +Unsurprisingly, these people are the type who says stuff like “value investing is dead” and “just buy at whatever price and it’ll go up”. They also say that they’re in it for the long run but then panic sell when the going gets tough. + +I realize that 99% of the people in this subreddit obviously don’t agree with their sentiments. I also do not agree. However, if you’re ever having any doubts about how well our strategies work, just look at how much your portfolio has declined and compare it to the Reddit gurus who have been parroting the value investing is dead nonsense. + +Valuations matter especially if you’re serious about building wealth long-term. Don’t buy into the hype being thrown around on Reddit. + +Just thought I’d do a silly little rant/pep talk for the people here. +Time to put up or shut up. + +https://preview.redd.it/43k84j603sm81.jpg?width=755&format=pjpg&auto=webp&s=cda33007ae3997a153c65ed0fbac9ca66b55d341 + +https://preview.redd.it/fmo2beq03sm81.jpg?width=652&format=pjpg&auto=webp&s=c4ea8bf73f9487f00412c1d07cfefc39543a9942 + +Unfortunately all of my accounts are traditional IRAs and Fidelity won't let me DRS without some major tax consequences. + +**DIAMOND.F\*CKING.HANDS** + +\#401kYOLO + +\#BuyTheDip + + \#PortfoliYOLO +Just a question that popped up in my head this evening, not trying to discourage anyone, I have X shares already on Computershare and I'm not selling for less than what gmefloor.com says. + +Why do you think the goverment won't intervene before $GME hits 50K? Or 100K? Or 500K? Why would they let it reach 50M or 75M or 100M? +**Preamble:** Michael Burry is definitely a controversial figure. He rose to fame betting against the subprime mortgage market and making a 489% return for his investors between Nov’00 and Jun’08 (SP500 returned just 3% in the same period). + +But, I recently observed that in every news article/tweet, he always talks about an impending crash. As recently as last week, he issued another warning stating that there would a “mother of all crashes soon due to the meme-stock and crypto rally that will approach the size of countries”. Basically, what I wanted to analyze was + +**Whether Michael Burry always predicts a crash and gets lucky when there is an actual crash or does his prediction actually turns out to be true most of the time?** + +**Analysis** + +The various news articles spanning over the last 15 years were obtained from Google News \[1\]. I flagged the date of each crash prediction and then analyzed the performance of the market/stock over the + +a. Next 1 Month + +b. Next 1 Quarter + +c. Till Date + +I will not be including the subprime mortgage crash prediction in this analysis as we all know how that turned out and how that made him famous. Also, there are no news reports covering Burry before that. + +The performance figures are calculated based on the prediction. If Burry specifies a stock, then I am using that particular stock as the benchmark. If its broader prediction relating to the overall market, then the benchmark used is S&P 500. + +**Results** + +[ ](https://preview.redd.it/cdhqi5pkne871.png?width=1028&format=png&auto=webp&s=d3560c38bbf2051a4d890523f2e31a9618bcaeb4) + +There was a long gap of 9 years after the 2008 crash where Burry stayed out of the public view and did not make any warnings or predictions about the market. + +His first verifiable prediction after the 2008 crisis [came in May 2017](https://www.lombardiletter.com/michael-burry-stock-market-crash/10895/) where he warned that we can expect a global financial meltdown and World War 3. In his exact words + +>I didn’t go out looking for this, I just did the math. Every bit of my logic is telling me the global financial system is going to collapse + +But it’s been 4 years since the prediction and the market is chugging along just fine. S&P500 has returned a respectable 93% to date and there is [no imminent threat](https://thebulletin.org/doomsday-clock/timeline/) of a World War happening. + +Burry’s next prediction was in [Sep 2019](https://www.bnnbloomberg.ca/the-big-short-s-michael-burry-explains-why-index-funds-are-like-subprime-cdos-1.1310874) where he said that index funds are the next market bubble and are comparable to subprime CDOs. He said that index fund inflows are now distorting prices for stocks and bonds in the same way that CDO purchases did for subprime mortgages more than a decade ago. He said the flows will reverse at some point, and “it will be ugly” when they do. + +This prediction also did not pan out as S&P500 has returned 50% to date over the last two years and the only crash that occurred during this period was the Covid-19 flash crash from which the market made a sudden recovery. + +Burry’s next target was on Tesla where he said that Tesla’s stock price is [ridiculous](https://www.businessinsider.in/stock-market/news/big-short-investor-michael-burry-reveals-hes-short-tesla-tells-elon-musk-to-issue-more-stock-at-its-ridiculous-price/articleshow/79538731.cms) and that it would [collapse](https://www.businessinsider.in/stock-market/news/big-short-investor-michael-burry-predicts-tesla-stock-will-collapse-like-the-housing-bubble-enjoy-it-while-it-lasts/articleshow/80171258.cms) like the housing stock bubble. I have kept both the articles there which had only one month difference as we don’t know exactly when he shorted the stock. The returns would be substantially different if he did it in Dec’20 when compared to Jan’21 as Tesla had a phenomenal run in December. + +He [reiterated](https://www.businessinsider.in/stock-market/news/big-short-investor-michael-burry-warns-the-stock-market-is-dancing-on-a-knifes-edge-and-fears-hes-being-ignored-again/articleshow/81154288.cms) again on Feb’21 that the market is dancing on a knife’s edge and he is being ignored again. He felt the boom in day traders due to the meme stock mania and the increasing cash flow to the index trackers would cause a massive bubble. This prediction also hasn’t turned out to be right as the market has returned 11% to date over the last 4 months. + +Burry’s only prediction that we can say confidently was right after the 2008 mortgage crisis is that he called [Bitcoin a speculative bubble](https://moguldom.com/340499/michael-burry-who-predicted-2008-mortgage-crash-says-bitcoin-is-a-speculative-bubble-sends-prices-lower/) in March’21. Bitcoin has since dropped 28% in around 3 months. Even in this case, we don’t have enough data to showcase how this prediction would turn out over the next one/two years. + +Burry was most active in 2021 making the most number of predictions with the latest in Jun’21 stating that we are currently in the [greatest speculative bubble of all time](https://moguldom.com/358632/investor-michael-burry-who-predicted-2008-subprime-mortgage-crisis-says-this-is-greatest-speculative-bubble-of-all-time-in-all-things/). Only time will tell how this one will turn out! + +**Conclusion** + +I have immense respect for Michael Burry and his skills. He was a doctor and worked as a Stanford Hospital neurology resident and then left to start his own hedge fund that became [extremely successful](https://en.wikipedia.org/wiki/Michael_Burry). But, as you can see from the above analysis, he is more often wrong than right with his predictions \[2\]. + +But, the stock market rewards predictions disproportionately \[3\]. Out of the 100 predictions you make, even if you get 99 wrong but get one extremely unlikely event right your overall returns will still be extremely high. + +The key point here is that if you believe in Michael Burry, you will have to follow all of his recommendations \[4\] and not pick and choose what you feel comfortable with as most of the returns would be from an extremely unlikely scenario. + +**Footnotes** + +\[1\] Google News has a [nifty feature](https://researchbuzz.me/2019/07/22/if-youre-not-using-more-of-google-news-date-options-you-might-be-missing-out/#:~:text=As%20you%20probably%20know%2C%20Google,hours%2C%20and%20the%20past%20hour.) where they allow you to search news in specific time periods. Also, Google News seems to capture almost all the major publications other than the historical archives. + +\[2\] The current analysis is done using all the publicly available records. We are not considering the personal bets he made, conversations he had with his friends/family/investors, etc. This can definitely alter the + +\[3\] Take the classic example of Keith Gill (aka DFV). He at one point had a $50MM return using a 50K call option. Even if he had another 99 50K call options in other stocks which expired worthless, just this one right pick would have made him a net profit of $45MM. This phenomenon is known as [black swan farming](http://www.paulgraham.com/swan.html). + +\[4\] At that point, if you are that confident in his predictions, you can [invest in his hedge fund](https://smartasset.com/financial-advisor/scion-asset-management-review). Please note that you need to have a minimum capital requirement ($1 million minimum investment and some extra regulatory requirements) + +*Disclaimer: I am not a financial advisor.* +As the price of ether rises, so will the number of phishing attempts and scams so please take extra care of your valuable ether and read over these tips to help keep your ether in your own wallet and not a scammers. + + +&nbsp; + + +- Do not keep your funds on an exchange. Get a hardware wallet such as a Ledger Nano s or a Trezor, I cannot stress this enough if you hold a reasonable amount of ether. €100 for complete peace of mind should seem like a good investment and hardware wallets keep your private key safe by never revealing it to the outside world, it's by far the safest way to store your ether and they support multiple different coins. + + +- Be cautious of links you click on because they can be phishing websites or websites loaded with malware. For example [Google](https://www.bing.com) is not Google at all and likewise [https://www.google.co.uk](https://youtube.com) is still not Google. If you're on a PC always hover your mouse over the URL to see what the real URL is in the bottom left. + + +- Always use 2 factor authentication on your email and your crypto exchanges (Binance, Bittrex, Coinbase etc). This is one of main reasons people wake up one day with their accounts drained, it only takes an extra few seconds and it significantly improves the security of your account. + + +- Websites like coinbase, myetherwallet, etherscan, ledger etc will **never** send you an email or a message on slack / reddit asking you to login, verify, update or transfer anything. Never click on any links pertaining to such requests and always check their official Twitter account for verification. + + +- Whenever there is an update, fork, security issue or anything of that kind, always look for at least two sources of confirmation. Check their official Twitter to make sure it's coming from them, check Reddit to see if it's being spoken about and check in with a reputable news site covering it. Never panic and try to take the time to verify before doing anything. Remember even Twitter accounts can be hacked and a malicious tweet posted so look for additional confirmation if possible. + + +- Be cautious of airdrops! Lots of trash tokens are getting airdropped now and this is being exploited by scammers to steal your funds, never give your private key or transfer your funds to a random wallet to receive an airdrop. + + +- When sending funds, always triple check the public address you're sending it to because there is malware out there that can change the address of the one you copied to the attackers address and you may not notice if you just copy and paste and send it off quickly. + + +- A lot of scams can easily be avoided just by using your common sense and as long as you do, you should never have a problem with your funds being stolen from you and gone forever. Remember there is no authority or website who can give you your funds back if they are stolen. + + +&nbsp; + + +&nbsp; + + +So if you're new to crypto I hope you got something from this. Happy hodling! +My financial advisor was supposed liquidate some assets from my IRA so I could roll the money into new IRA. No tax penalty in that. However, he mistakingly sold assets from my individual brokerage account. After being made aware of his mistake, he contacted the brokerage and they did some magic to make my accounts look correct; somehow there was money in the IRA to rollover (which happened, I starting the new IRA) and missing money from the individual account was replenished with IRA funds. So they basically moved some money around to fix the mistake. + +The problem is, the 1099-B still shows a ton of assets sold from that individual account. I guess they weren't able to change that without making it look like fraud. So I'm on the hook for a TON of 2021 capital gains taxes. I can't pay them!! And why should I for his mistake? + +FA says he can't give me money to cover the taxes for his mistake and he'll try to get me some losses in 2022 I can write off to make up for it. I brought up insurance, but he didn't respond. + +Anyone have ideas on the best way to handle this? +Been playing around with some charts on trustnet and take a look at the [FTSE All Share vs the Russel 3000](https://i.gyazo.com/adb669acef5b077227d52b0327b93e21.png) + +FTSE All Share returned 86.7% + +Russel 3000 returned 322.4% + +&nbsp; + +My theory is when the UK creates new companies, we don't take them public that often so the growth the company makes isn't reflected in the stock market whereas loads of companies in America go public the first chance they get. + +Is the stock market deceiving us in this respect or is the UK economy really doing that poorly compared to our friends across the pond? + +&nbsp; + +What can the UK government do to encourage more companies to go public instead of remaining private making US venture capitalists rich as fuck while UK investors are stuck with an index comprised of dated companies on their last legs? +Current assets: $10,041M + +Current assets + potential gvt loans: $15,041M + +Current liabilities: $16,395M + +**Current equity (incl. gvt loans) = -$1,354M** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +Cash burn for 3rd quarter as estimated by UNITED: $2,430M - 3,870M + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +Long-term assets - long-term liabilities: $2,735M + +**Long-term assets - long-term liabilities - potential gvt loans = -$2,265M** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +**WHAT AM I MISSING? Aren't they completely done?** + +(By the way, American and Delta are in similarly bad shape) +I swear to god this place is like a daycare sometimes. You all go wild if we go green, and you get despressed and FUDdy if we go red. You STILL don't understand why the price doesn't fucking matter.... + +I made this post in the daily and it was highly upvoted, and I was asked to post it like this too. + +Here goes. + +# Guys I can't believe some of you still dont understand.This will moon when AND ONLY WHEN there is a forced buyback + +&#x200B; + +**How to achieve forced buyback?** + +1. Share recall +2. Margin call +3. Small raw buying pressure to push unhedged new options ITM so that hedging provides 'free' upward movement on TACTICAL MOMENTS ONLY. +4. Forced liquidation by DTCC +5. Hard intervention by the SEC + +&#x200B; + +Unless one of these happens, the price can go anywhere.... and it doesn't matter if it's $200 or $40 a share... + +&#x200B; + +**Red days dont mean the squeeze is off, green days dont mean the squeeze is on. The price is fucking irrelevant (unless you're buying, then big red days are something to celebrate)** + +&#x200B; + +You should stop caring. We've been saying this for months, but everytime we have a green day you guys want to celebrate and cheer because "where lambo" like a bunch of spoiled children. And on red days you freak out way too much. + +You're setting yourself up for constant disappointment which will paperhand you and ruin this for yourself. Yesterday I told you not to overcelebrate and I was told to fuck off and not ruin the fun. See where the 'harmless fun' yesterday got you? Totally (and without good reason) disappointed today. + +&#x200B; + +&#x200B; + +**Get fucking patient** + +For those 5 catalysts that I listed there are many things 'in the works'. + +The DTCC is spewing new regulations like a toddler that ate too much icecream. + +There is a shareholder vote 9th of June, GME hasn't released what we'll be voting on however. + +SEC just got a new head that is known to be anti hedgefund bullshit. + +&#x200B; + +&#x200B; + +**What IS important?** + +\- Buy if you can. This determines how much exposure you have once we moon. More shares is more tendies. + +\- HOLD. Seriously. Don't daytrade, don't sell. Just hold. Doesn't matter if we're down 50% or up 40%. Stop giving a shit. This will only moon if there are not enough shares to go around. By holding, you are taking your shares and you're saying "These are mine now. Less to go around". + +\- Stop fucking promising yourselves dates. Especially if you're smoothbrained. Don't get excited at all. Stop it. + +&#x200B; + +**Not fucking advice, go ahead and be stupid if you think that's better** + +&#x200B; + +# you dumb apes want to hear a secret? Max pain is at 150 🤷🏻‍♂️ + +Long whales are going to defend that point to bleed large option owners. You know who owns lots of options? People who needed to buy them to reset FTDs and huge short positions. That's who. + +We will hover around 150 all day and that is a good thing for us. "Red bad, green good" is such an ape-unworthy simpleminded approach to this. Grow some wrinkles for gods sake. Do you want $200 as a price today if that helps shorts by letting them make a shitload of money on options? If you're saying yes then you're seriously almost a real ape. + +**Smart apes know that to win the war you don't have to win every battle. You have to win key battles.** +https://www.bloomberg.com/news/articles/2022-03-08/biden-set-to-ban-u-s-imports-of-russian-oil-as-soon-as-today + +The Biden administration is poised to impose a ban on U.S. imports of Russian energy as soon as Tuesday without the participation of its European allies, according to people familiar with the matter. + +The ban will include Russian oil, liquefied natural gas and coal, according to two people, who spoke on condition of anonymity. The decision was made in consultation with European allies, who rely more heavily than the U.S. on Russian energy, another person said. + +The people spoke on condition of anonymity ahead of the announcement owing to its sensitivity. Spokespeople for the White House National Security Council declined to immediately comment. + +Russia’s gas and oil had so far been mostly spared from sanctions introduced by the U.S. and European countries, due to concern over the economic impact, particularly on Europe, which has greater dependence on Russian oil and, in particular, natural gas. Canada has announced a ban on Russian crude oil. + +Russian oil made up about 3% of all the crude shipments that arrived in the U.S. last year, U.S. Energy Information Administration data show. Overall, imports of Russian oil and petroleum products represented about 8% of the U.S. total. U.S. imports of Russian crude in 2022 have dropped to the slowest annual pace since 2017, according to the intelligence firm Kpler. +Kinda weird that it's happened on a day when Microsoft is slightly down + +Edit: Apparently every financial source other than Google disagrees. Whoops, guess I was wrong +Okay. I've seen a few comments doubting Melissa Lee's reaction to her Internet-breaking slip of the tongue, partly because it lasts for *so long*, and I'd like to address this. + +I'm an actor, and for once, *for once*, I feel like I actually have valuable information to contribute to this sub. I got super into Paul Ekman's work on microexpressions when *Lie to Me* came out, and I studied and taught Alba Emoting, which is an acting technique that uses specific universal breath patterns and postures to make you feel an emotion almost instantly, out of nowhere. (People who are great at this can have tears rolling down their cheeks in three breaths. It's super cool. Humans are cool.) + +Basically, these are two sides of the same coin: Ekman's work identifies the universal human expressions of emotion in order to identify what someone is feeling, and Alba Emoting uses those expressions to work *backwards*, creating emotions by correctly going through the expressions. [Here's a good overview, if you're interested.](https://s3-eu-west-1.amazonaws.com/s3-euw1-ap-pe-ws4-cws-documents.ri-prod/9781138918580/chapt4/unit_4.8_breath_and_emotion.doc) + +These two concepts aren't very widespread in the acting world, but I latched onto them because a lot of acting training is basically mystical, arrogant, frustrating woo; there isn't a hard, identifiable baseline of data. Dancers have an encyclopedia of steps and terminology; musicians have an arsenal of notes and notations. Wanna know how acting gets taught, even at the graduate level? [Imagine teaching someone to play a sonata by ear, without knowing how to interpret or explain sheet music](http://easeofmovement.com.pl/wp-content/uploads/2017/06/Breathing-Costume.pdf). I thought this was fucking stupid, and wanted some sexy motherfucking verifiable data. + +So. DATA. YAY. + +Alba Emoting teaches that there are six basic emotions (tenderness, fear, laughter/joy, grief/sadness, anger, lust), plus neutral. + +Here are two handy dandy diagrams to break these six down for you: + +[Breathing patterns](https://images.app.goo.gl/vQnzKqkVVZY8p4879 ) + +[Facial expressions & posture](https://images.app.goo.gl/PYiWGd5Lpd9BNRRK9 ) + +Everything else is a mix of those six. What you see on Melissa Lee's face is *shock*, which is mostly fear. If you take what we normally think of as fear, with its quick shallow breathing, the darting, bulging eyes, the raised eyebrows, the open mouth, plus the *get the fuck out of here* physicality, and you escalate this fear to its most extreme iteration, you actually get a panic attack, with breathing that's so fast and shallow you can't get enough oxygen to your brain. Well, she's definitely not going through anything close to that. [And genuine *surprise*, with its raised eyebrows, lasts a *fraction* of a second.](https://youtu.be/bWyhsqh_e9s ) (Relevant clip starts at 2:38.) So, no, at first glance this doesn't look like a real "oh fuck" reaction. + +*HOWEVER.* + + *Fear, especially shock and horror, starts out with a freeze*. + +Everything in your brain freezes. Your body doesn't want to move. Your breath almost stops. It's like your body's thinking "IF I DON'T MOVE, NO ONE WILL NOTICE I EXIST". I'm almost positive that this particular evolutionary response comes from a common "prey" situation, one we've seen in every horror movie and thriller ever made - you're hiding from a predator, you think you're safe, then you step on a twig. *Crack*. OH FUCK. You freeze. If you don't move a muscle, make absolutely no noise, it might not find you. OH FUCK OH FUCK FOOTSTEPS GETTING CLOSER *and now you run*. + +[Melissa Lee froze.](https://images.app.goo.gl/BPugSAFoD5ssKZqs8 ) *Horrified*. Her forehead is blank, her eyes widened, her mouth opened slightly, she didn't breathe. She couldn't move for *awhile. Immediately* after she said it. She was probably being yelled at in her ear, yes, but her horror came so quickly she didn't need to be told she had fucked up. She didn't need to go through the process of "wait, what?" She *knew.* + +(I keep getting the feeling, looking at that freeze-frame, that her eyebrows are slightly too close together for straight-up fear; it looks like consternation, which has sadness mixed in. Mirroring her face actually makes me feel like I'm about to cry. I don't know her at all, I don't know anything about her life, but I'd bet at least one of my GME shares that she wanted to burst into tears for at least a fraction of a second.) + +You know what that means? + +They all know this is a massive problem. Everyone she works for, reports on and is friendly with only has one way out of this; keep it contained. Keep it secret. Keep it safe. + +Oops. + +tl;dr: **BULLISH AF.** + +Edit for proper TL;DR: Human feelings are expressed through universal physical characteristics, and hers 100% line up with the initial stages of shock/horror/fear. + +In other words, bullish AF. +There are so few choices on the ASX, your best chance of landing a 5 bagger rests on picking the right junior-explorer-shitco and hoping they find something in the middle of the friggan desert + +Ive been trading the ASX for years, but there's just so little to get excited about. + +I've got into US stonks for the broader exposure to EVs, Tech, Social Media etc etc. The trading volume is way larger, so the swings are better too. I made 31% on Angi this week, and I'm not even sure why it moved lol. The shit part is their trading day is from midnight to 7am, so hard to get proper sleep now + +Rant over + +TLDR: asx sucks, try US for more options +It doesn’t matter where you are from, go vote. Our German brothers are the perfect example, after weeks of nagging, they are now able to vote. + +You can’t sit this one out. Don’t be lazy. + +Go call your broker, write an email, use customer support chat and demand to vote with your shares! + +There is no later, go and vote NOW! + +🇬🇧 For UK APES 🇬🇧 + +https://www.reddit.com/r/Superstonk/comments/ncfvj4/letter_for_ukapes_to_help_get_their_votes/?utm_source=share&amp;utm_medium=ios_app&amp;utm_name=iossmf + +Obligatory 🚀❤️ +After active studying and trading for over a year, I’ve had huge wins & huge losses. This emotional rollercoaster was too much for me, and now that it’s actually cost me money I’m done. + +Looks like it’s back to etf & chill for me. +I am 13 with a custodial account. my initial investment was 500 dollars roughly 2 months ago. Here are the holdings I currently have... Keep in mind dividends arent the only thing I am after. + +KO 4 shares at 49.98 + +TFC 2 shares at 50.63 + +SCHD 2 shares at 65.86 + +PLTR 2 shares at 25.80 (long term play) + +AMC 3 shares at 6.99 ( i am hoping for a squeeze and i only have 3 shares) + +Please let me know what is good and bad also I am planning to add more money when I can... + +https://news.bloomberglaw.com/tech-and-telecom-law/softbank-says-unaware-of-sec-probe-into-securities-trading + +On Wednesday, short seller research site PlainSite posted a letter from the Securities and Exchange Commission on Twitter revealing that the agency is investigating SoftBank, the Japanese telecommunications company and investing giant notorious for financing various unprofitable “technology” companies like WeWork, Uber, Compass, and Oyo. + +Aaron Greenspan, founder of the Think Computer Foundation that runs Plainsite, filed a FOIA request in December 2020 for "any investigative materials [from January 1, 2018 to the present] pertaining to the various SoftBank companies controlled by Masayoshi Son, specifically relating to SoftBank's trading of stocks and derivatives on those stocks." + +This request was filed in response to the revelation last fall that SoftBank was the "Nasdaq whale.” SoftBank was responsible for stoking a huge rally in tech stocks, the Financial Times reported, because around August it began buying billions of dollars worth of call options in a shift for the company, fueling a rally that pushed up the share prices of tech companies it held billions of dollars of equity in. + +Thanks in large part to a rally sparked by SoftBank’s high-risk market plays, firms like Tesla and Apple were up 74 and 21 percent, respectively, in the month of August alone. Executed through a small desk of traders and chief executive Masayoshi Son himself, the trading unit―named SB Northstar―and its bets won the company some $4 billion in gains at the beginning of September, before quickly melting away into nearly $3 billion in losses by the end of the month. + +In a January letter responding to Greenspan’s initial request, and months after the reporting on Softbank became public, the SEC said that its search did not turn up any relevant records. Greenspan appealed the decision on March 9 and two weeks later received a letter saying that responsive records were identified, but they could not be released under legal provisions that cover ongoing investigations. + +“We have confirmed with Division of Enforcement staff that the investigation from which you seek records is still active and ongoing,” the SEC letter stated. + +According to the letter, the SEC maintains that releasing the records “could cause harm to the active and ongoing enforcement proceedings because, among other things, individuals and entities of interest in the underlying investigation could fabricate evidence, influence witness testimony and/or destroy or alter certain documents,” in addition to revealing cooperating witnesses and the general scope of the investigation. + +The debatable merits of the SEC’s denial aside, an investigation into Softbank may indicate that its risky trading strategy is catching up to the giant. SoftBank unwound its Nasdaq derivative positions by December 2020 after investors questioned its "controversial strategy" which could've lost the company billions more. The last look at SB Northstar's books at the end of September showed that it had bought about $17 billion worth of shares in the US tech market, with another $3.4 billion in bets to prop up their prices. + +SoftBank did not immediately respond to Motherboard’s request for comment. The SEC declined to comment. +1. **PM Garib Kalyan Scheme:** ₹1.7 lakh-crores package against coronavirus, to include cash transfer and food subsidy for poor and suffering workers and those who immediately need help. + 1. **Pradhan Mantri Garib Ann Kalyan Yojna:** 80 crore poor people (two-thirds of India's population) to recieve extra 5kg rice/wheat per person (in addition to the 5kg they already recieve) & 1kg of pulse of preferred choice per household for next 3 months. Can be taken in 2 installments. + 2. **Farmers:** 8.69 crore farmers recieving ₹6000/year annually under PM Kisan Yojna will recieve ₹2000 in the starting of April (first installment of next financial year). + 3. **MNREGA:** Wage increase benefitting 5 crore families, about ₹2000/worker increase by upping wage rate. + 4. **Poor widows, Pensioners, Divyangs:** additional one-time amount of ₹1000 in 2 installments for next 3 months, benefitting 3 crore people. Transferred through Direct Beneficiary Transfer (DBT) + 5. **Jan Dhan Yojna (for women):** Will recieve ₹500 per month for next 3 months, benefitting 30 crore women Jan Dhan account holders. + 6. **Ujjwala Scheme Beneficiaries:** For next 3 months, 8.3 crore (women) beneficiaries of Ujjwala Scheme will recieve 3 gas cyclinders for next 3 months for free. + 7. **Self-help groups of women:** 63L SHG groups will be able to recieve collateral free loan of ₹20 lacks (increase of ₹10L from current ₹10L) under Deen Dayal Yojna. Benefits 7 crore households. + 8. **Organised sector workers Under PM Garib kalyan yojna:** + 1. Government of India will pay EPF contribution of both the employer and the employee (12% each, adding to 24%) for the next 3 months. This is for all those establishments with over 100 employees, 90% of which earn less than ₹15,000/mo. + 2. Government of India will amend the EPFO scheme regulations so that workers can draw upto 75% from their contigency fund as a non-refundable advance, or 3 months wages, whichever is the lower amount. + 9. **Construction workers:** Registered 3.5 crore construction workers will be given benefits from Workers Welfare Fund, currently consisting of ₹31,000 crore. Central government will give directions to the state governments to utilise these funds. +2. ₹50 lakhs insurance cover for medical personnel. +3. The central government will direct state governments to utilise the State Mineral Funds for supplementing medical and screening activities necessary to fight the coronavirus. + + +Edit: Corrected mistyped lakhs. +… and how did you tackle it? + +Here’s mine: + +A gnarly car accident in late 2019 has left me with a crippling case of vehophobia. While I’m in treatment for this (obv), it’s certainly not ideal for our midwest commute everywhere existence. + +Suddenly our OH/AZ split year living plans are being changed to VA (7m)/Netherlands(5m) heavily influenced by transit-everywhere availability (as well as other factors) + +The above crystallizes a plaque that used to hang in my college dining hall: *Life is what happens when you’re busy making plans* +Time to put up or shut up. + +https://preview.redd.it/43k84j603sm81.jpg?width=755&format=pjpg&auto=webp&s=cda33007ae3997a153c65ed0fbac9ca66b55d341 + +https://preview.redd.it/fmo2beq03sm81.jpg?width=652&format=pjpg&auto=webp&s=c4ea8bf73f9487f00412c1d07cfefc39543a9942 + +Unfortunately all of my accounts are traditional IRAs and Fidelity won't let me DRS without some major tax consequences. + +**DIAMOND.F\*CKING.HANDS** + +\#401kYOLO + +\#BuyTheDip + + \#PortfoliYOLO +Feeling pretty down honestly. Timing belt blew 15k miles early. I have an emergency fund of 1k and not good credit. I drive an hour to work, and no public transportation alternatives. My partner has a gas guzzler of a truck and I can drive her to work (45 mins the wrong way) making my commute around 2.25 hours one way... but it will work until I find a new car. + +This is more of a rant than anything. Just a bummer to be one week away from being debt free and have a big setback like this. +**This mature semiconductor business has lost the Apple contract. After a substantial short-term hit, can they continue growing slowly and steadily?** +\-- + +Intel Corporation designs and manufactures essential technology for the cloud, smart, and connected devices industries worldwide. The company was founded in 1968 and currently has its headquarters in Santa Clara, California. The company operates through six main segments: + +1. **Data Center Group** — 33.75% of revenue — Developing workload-optimized platforms for computing, storage, and network functions. These include their cloud service providers, enterprise and government data centres, and communication service providers. +2. **Internet of Things Group** — 3.89% of revenue — Developing high-performance computing for retailers, manufacturers, healthcare, energy, auto, and government. +3. **Mobileye —** 1.25% of revenue — Driving assistance and automation with their Advanced Driver-Assistance Systems (ADAS) products. +4. **Non-volatile Memory Solutions Group —** 6.93% of revenue — Computer memory and storage products. Customers include enterprise and cloud-based data centres, business and consumer desktops and laptops. +5. **Programmable Solutions Group** — 2.4% of revenue — Programmable semiconductors for communications, data centres, industrial and military purposes. +6. **Client Computing Group** — 51.79% of revenue — Platform products and personal computing parts. + +[Client computing and Data Centers are over 3/4 of the group's revenue](https://cdn.substack.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F1f2080dd-b2c5-4761-a751-25d2785aee3b_1988x990.png). + +Intel is a US-based company that serves the global market. It gets 26% of revenue from China, 22.9% from Singapore, 21.3% from the United States, 14.9% from Taiwan, and 14.9% from other International markets. + +\-- + +**The Company** + +Market Cap = $226.69B +Total Debt = $35.88B +Cash & Equivalents = $22.40B +Enterprise Value = $238.66B +Shares Outstanding = 4.038B +EV/Sales (LTM) = 3.1x + +Since Gordon Moore and Robert Noyce founded the company in 1968, Intel has grown to become the world’s largest semiconductor chip manufacturer by revenue. The name comes from a contraction of “*Int*egrated *El*ectronics”. The company was the first to develop S/DRAM memory chips, and these represented most of its business in the early years. + +Through the 1990s, the company invested heavily in microprocessor design and helped to drive the rapid growth of the personal computer industry. Regrettably, for punters late to the party in ‘99/’00, investors had already bid the stock price up exponentially in the tech bubble. These late punters paid the price during the ensuing collapse and period of price stagnation. + +[Investors bid up Intel’s shares and then wiped them out through the tech bubble.](https://cdn.substack.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fa5699c62-f84c-4eb1-8df8-7568c261a101_2400x1164.png) + +After the tech bubble collapsed, growth in demand for microprocessors began to slow, and Intel’s competitors (most notably AMD) began to etch away at their previously dominant market share. An attempt by then CEO Craig Barrett to diversify the company’s business beyond semiconductors fell flat, and revenues stagnated for a few years. + +[Over the long term, Intel has continued to grow. The stock price is still below where it was during the height of the tech bubble, even though revenues and EBIT are almost double what they were then.](https://cdn.substack.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Ff0b7fd4c-5bd0-4f8e-8b84-2a53219ab442_3600x1747.png) + +Then, in 2005, Paul Otellini, then CEO, re-focused the company on their core processor and chipset business and signed a deal with Apple to provide the processors for Macintosh computers - a big win for Intel. Over the following 15 years, successful iterative improvements of the company’s technology and the continued rapid growth of Apple helped Intel grow. + +Intel is a mature company with a dominant position, long-term stable margins, and slow structural growth. + +[Long-term stable margins and slow structural growth](https://cdn.substack.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fab8f5259-a0d5-4018-84e3-a9a2add3c701_2400x1166.png). + +\-- + +**The Story** + +*This mature semiconductor business has lost the Apple contract. After a substantial short-term hit, they will continue growing slowly and steadily, while their leading position and manufacturing capabilities will help them defend margins.* + +**Growth:** Intel has had an average CAGR of 5.7% since the mid-2000s. This growth has been broadly in line with market growth over this time and shouldn’t be a surprise given Intel’s dominant position, size and success of Apple products. + +However, looking forward, given that Apple announced it is transitioning away from Intel processors to in-house ones, we think this will deliver an immediate hit to revenues. Analyst consensus is for an FY21 loss of revenue of 6.7%, and we believe this is about right. + +Further, economists estimate that the global client computing market and cloud data centre markets will grow at 0.1% and 19.0% CAGR, respectively, over the medium term. Based on Intel’s segment weightings, this suggests ongoing medium-term market growth of 5.8%. Given the loss of the Apple contract and the fact that Intel has fallen behind on manufacturing, we think that medium-term growth is likely to be closer to the company’s fundamental growth rate of 2.45%. + +**Margins:** Intel has had an average R&D adjusted operating margin of 28.68% over the last ten years. This margin is far above the industry (weighted by segment) average of 14.62% over that time. Over the TTM, the company’s margin was 29.91%. + +Intel’s leading position in the microprocessor has helped them scale up and defend margins. The enormous R&D and capital investment required to extend manufacturing processes and capacity for new products act as a consistent call on capital. They have helped act as significant barriers to entry. Intel is now one of a handful of remaining semiconductor companies with the capacity to manufacture chips internally. + +Given this position, we expect Intel to maintain its current average margins by either pushing higher costs through to customers or improving manufacturing processes. + +**Net Reinvestment:** We expect Intel to remain an extremely capital intensive business (generating $0.61 of revenue per dollar of invested capital), especially compared to the industry ($1.71 of revenue per dollar of invested capital). Moreover, we expect their extraordinary R&D requirements, which have averaged $13.5B p.a. over the last five years, will not diminish. + +**FCF:** But, given how profitable the business is, we expect it to remain highly FCF generative. + +**Cost of Capital:** Intel is a semiconductor and electronics business (66.2%) and a cloud services business (33.8%) serving China (26%), Singapore (22.9%), the United States (21.3%), Taiwan (14.9%) and other international markets (14.9%). + +The company has a 0.2x average operating leverage ratio and a 15.7% D/E ratio. Moody’s has assigned Intel an A1 credit rating, which is the same as our long-term synthetic rating but lower than our short-term rating of Aaa. We’ve gone with the former because we agree with Moody’s reasoning: + +>“Despite Intel's strong credit metrics, the rating is constrained by the relatively high operating and technology risk associated with leading-edge semiconductor design and manufacturing, and the volatility inherent to the semiconductor sector.” +— Moody’s Investors Services, 21 Sep 2020 + +Moreover, the A1 rating drives the low (1.08%) chance of distress. + +**Other Assets & Minority Claims:** Intel has $17M worth (at book) of investments carried under the equity method, $6.8B of investments held at fair value, and no minority claims outstanding. + +**Debts & Other Claims:** Finally, the company owes $35.6B NPV in debts and leases. + +\-- + +**The Valuation** + +The company reports in USD. Accordingly, we have valued it in USD. + +**Growth Rate:** 2.45% +**Stable** **Margins:** 28.68% +**Cost of Capital:** 7.05% + +[Valuation Model Summary Output](https://cdn.substack.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fe858e3d6-44a4-4132-9cd0-2dc090d934fc_3300x2132.jpeg) + +**Valuation Model Output:** +Estimated Intrinsic Value/Share = $63.02 + +**Monte-Carlo Simulation Intrinsic Value Percentiles:** +90th = $88.50 +75th = $77.78 +50th = $65.87 +25th = $53.97 +10th = $43.25 + +\-- + +**Market Price & Rating** + +Market Price = $56.14 +Estimated Value = $63.02 +Price/Value (%) = 89.1% + +[Stock Price & MC Simulation Percentiles](https://cdn.substack.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F3cac1719-e0e2-4654-b04d-73245c6e5ff9_1954x1208.png) + +Monte-Carlo Price Percentile = 29% +Likelihood Overvalued = 29% +Likelihood Undervalued = 71% + +Rating At Current Price = HOLD/ADD + +See more of this research [here](https://valuabl.substack.com/p/intel-corporation-intc-a-valuation). + +\-- + +**Disclaimer:** +This publication is not financial or legal advice. This research is an independent analysis. +I think it might be apparent from my posts now that I'm not wrinkle-brained in financials, chart reading and other ~~boring~~ important stuff but I like finding patterns. I've been working as a psychologist and a marketer for a long time, so believe me when I tell you there's a lot to be uncovered by understanding behavior patterns or just patterns of things that look unrelated, but really aren't. + +Some people call it far-reaching, tinfoil, confirmation bias, whatever - but check my post history and you'll see I've been more right than wrong. + +As one of the veteran apes wrote in a comment in here once: "One weird thing happening is a coincidence, two is enemy action". + +So with that in mind, let's check out why I think this is a pattern (not a coincidence) which is pointing into Gamestop merging with SLGG after all. Yes, even after we forgot about it because we thought it was a nothingburger. + +Once again - this is a "tinfoil" theorycrafting. Don't go into comments telling me that, I KNOW. Get in here to get your tits jacked and drink up on confirmation bias. Alright, retards? + +**1. Gamestop changing its logo** + +Today, apes started reporting Gamestop changing its logo from "Gamestop" to just "GS" on WeBull. We also saw a changed logo on their astronaut tweet. + +https://preview.redd.it/rt1hpjcyo5071.png?width=591&format=png&auto=webp&s=b62b363068dbe4a36e486f62cfa77e83dffec0b1 + +There's no reason to do it unless you're planning on changing that logo - if they wanted it shorter, they could've gone for "GME" which is standard and everybody knows it. + +**Conclusion:** It looks like Gamestop is signaling a logo change. When do you usually change a company's logo? When the company goes through a transformation, **maybe a merger.** + +**2. The astronaut is drinking Carlsberg beer which underwent a notable merger recently** + +We thought that the Carlsberg beer was a nod to our AMA with Carl Hagberg, but was it really? + +Just google "Carlsberg" and "merge" - [one of the biggest merges in the last year](https://www.bighospitality.co.uk/Article/2020/10/30/Carlsberg-and-Marston-s-merger-completes) with Marston's taking a smaller position of 40% despite their much more superior valuation with difference in 380 million of british pounds. + +&#x200B; + +**3. A merger would put GME shares on the moon, it's a fucking launch button** + +If you don't know, I'll tell you something juicy. If, theoretically, Gamestop were to merge with another entity (RC Ventures, SLGG) and decided on changing their name even slightly, they would get a new stock market ticker. + +That would initiate a mother of all share recalls since ALL the issued shares would have to be taken in for ~~questioning about Kenny's mayo habits~~ a reissuance - which means all the lent shares would be requested back and **the naked ones would have to be bought at market price**. **That would initiate the MOASS.** + +**4. Gamestop has a brand new official esports Twitter page** + +If you create an esports Twitter page, you probably want to start dabbling in esports, right? But damn, it's fucking hard for a transforming company to just start an esports division on their own from scratch, where would they even begin? They didn't even hire key managers for this, so how are they gonna navigate through these salty waters? + +Well, the industry standard for companies who want to enter a new market and have cash is to simply BUY A COMPANY THAT SPECIALIZES IN THAT MARKET. + +Boy, would it be fortunate if such a company was aro....oh fuck me Ryan, where exactly were you a few weeks ago? + +**5. RC was near SLGG HQ and he tweeted about it** + +[Why would you pinpoint where you are Ryan?](https://preview.redd.it/o9lwxqvcp5071.png?width=1507&format=png&auto=webp&s=f08bd9a69f46f5094c7a85985d2c316db526603a) + +&#x200B; + +[Oh that's why!](https://preview.redd.it/puf08k8fp5071.png?width=967&format=png&auto=webp&s=77f5e8eac8974c2b6d58f82e5dfd08a480b4e737) + +**6. RC tweeted an ice-cream and a frog pointing at Ann Hand, CEO of SLGG** + +[I was there, 3000 years ago...](https://preview.redd.it/yvw3kl3ip5071.png?width=603&format=png&auto=webp&s=bd5b09f8fcc79eca28bbe14cbe22cc5938bd9a36) + +Yeah, the famous ice-cream and a frog tweet. I don't think any of the theories as of to its significance paid off so let me offer one of the less popular ones. + +Check out where did Ann Hand, the CEO of SLGG work before. + +[Coincidences, huh?](https://preview.redd.it/7swu9s1pp5071.png?width=796&format=png&auto=webp&s=3d421bcdf96bf5f2ca0faeb564c0f6ba0ad82088) + +&#x200B; + +**7. He tweeted "love" recently and a heart / love today** (probably completely wrong, check EDIT) + +Why repeat the same sentiment Ryan? What's so important about love? Are you just sending positive vibes our way? You never did this before, why would you start now, without reason? + +My personal opinion on this is that the grandma tweet didn't work the way he wanted to - maybe it was a funny coincidence it worked so well with lyrics saying hold me hold me squeeze me or maybe he didn't realize. After all, he never tried decrypting his tweets in song lyrics so I don't think it was intentional. + +Did you guys realize how fast this tweet came? It's almost like "yeah, but I wanted to tell you something else". + +By going with that theory - what does "love" usually mean? Love, sex, all that stuff - i**sn't it a merger between 2 people usually?** Hmmm? HMMMMMMM? + +I know many people will say "tinfoil", "far-reaching", "reaching", "speculating", blahblah, miss me with that noise. No shit this is a speculation, there's nothing else to do with it. + +But that's how investigation works. You create a hypothesis, a theory and later you'll see if you were right or not. For me personally, these things are adding up too nicely for them to be "just coincidences" or "glitches" or shit. + +No, this is a pattern. + +Could I be wrong? Most likely. But it's the best we got imo. Have fun jacking them tits to this motherload of confirmation bias! 🚀🚀🚀🚀🚀🚀 + +*- Jacques Le Titz* + +**EDIT:** It came into my attention that the heart ❤️ tweet would be much simpler to explain with “hedgies are on their last life”. I’m a big fan of Occam’s Razor, so I’m going to go with it - the grandma tweet has therefore been decrypted nicely and “love” isn’t the concept he’s going for! + +I also like the theory it's a < and 3, which means "less than 3" weeks to the meeting. Theorycrafting is fun! + +**EDIT 2:** Ugh, because I probably should’ve seen it coming - no people, I’m not encouraging anyone to buy SLGG. The only position I have is GME, because that’s the only play. + +But if you want to I mean, sure, I’m pumping it and then dumping with a fucking tinfoil hat theory, Jesus. I have the dump button right before me and it’s big and red (that’s what she said). SMH + +**EDIT 3 because of course:** Guys, please, be careful about buying SLGG. People are already going apeshit (haha) on me that this is a pump and dump post since **Citadel is long on SLGG**. + +That fact alone doesn't mean anything since Shitadel is long on thousands of stocks and they could expect GME to do exactly what I've been saying and maybe they want to block them by voting against or they wanna ride the wave, I don't know. Nobody knows. Just...fuck other stocks except GME okay? + +It's also up by 15% or so AH so yay for the power of Superstonk I guess? + +**EDIT 4:** No I don't have a damn clue what's going on with the All Seeing Awards. Maybe DFV's mouse button got stuck and he needs help with the mouse since he's not a cat? + +**EDIT 5:** For those who STILL don't believe this is an organic post, here are the screenshots ( [https://i.imgur.com/naiRTJP.png](https://i.imgur.com/naiRTJP.png) and [https://i.imgur.com/f3CEioL.png](https://i.imgur.com/f3CEioL.png) ) of how the idea originated in our private Discord and that should be the end of it or I swear to Wendy's tendies I will turn into a vibrator from so much shaking of my head. +Seriously, even thought we still don't have the 'official' announcement, ntf.gamestop.com started accepting potential canditates (individuals and brands) for their NFT Marketplace, which makes it 100% clear. This are incredible bullish news, and we all have been waiting for it for many many months, even other subreddits like LRC, Cryptocurrency, etc..had viral posts about it, and we closed 1.15%, ASK YOURSELF WHY. +Hi everyone. I’m a single mother of 2 in my late forties. I can’t have a job because of my son’s severe medical needs which has been my priority for the last 10 yrs. My parents left me with some sum of money that I’ve been living from. I bought a house in cash so I’m not paying mortgage. Im debt free. The only income I have is from another property that I own which is rented. I have money in my savings acct that’s been sitting there for years now. I think it’s time I put it in ETFs for the long term. Now mind you, I’m not a citizen but I am a resident and I pay taxes. + +After reading so many posts here it turned out a Roth IRA would be a great option. Unfortunately I discovered that I can’t do that because my only income is from property. So that’s out. And now I’m kind of stuck. After reading many many posts I decided to do this: 50%VTI 20%VXUS 10%QQQ 10%QQQJ 10%ARKK using $50k of my savings. Is that wise? I fell into the GME bandwagon and even though I came out unscathed, I realized it wasn’t for me. Would love to hear any feedback. I feel I’m entering the market pretty much late in life. I wish I knew better but life just happened. Thank you in advance for any comments (pls be gentle). I truly appreciate it. +Across the world, investing in residential housing as an investment is extremely popular. So much of people's wealth is tied up in housing. + +Are there any disadvantages of this? Should residential renting be disincentivised? +[**Dogira’s July Medium Update is hot off the press**](https://dogira-team.medium.com/july-update-dogira-b389a93ae276), and wow. This coin is *going places FAST!* Here’s a quick snapshot of what’s happening during their Quarter 3, and why these developments are unprecedented: + +Dogira used it’s massive marketing budget to hire the extremely reputable and respected Coinbound team to handle their market-facing communications and content. + +Because Coinbound has high profile clients like **eToro**, **MetaMask**, **Voyager**, **Nexo**, and a host of other projects, Dogira will gain visibility with a larger investor pool who are interested in funding long-term projects. + +On an upcoming BattleBots episode on Discovery Channel, Dogira has sponsored a competitor and his *machine 0’ mayhem*. + +The Dogira logo will be front and center when introducing the team and with an initial viewing audience of a million—let’s just say that Dogira will have a MASSIVE exposure opportunity. + +The team has also set its sights on the Asian market. They’ve hired an Asian crypto marketing firm that can get the job done right. Expect a significant push into these markets as well as a subsequent larger holderbase. + +**Summer of Dogira TL;DR:** + +* Dogira hired Coinbound for market-facing content and marketing +* The team has sponsored a competitor in an upcoming episode of *BattleBots*, airing on the Discovery Channel +* A skilled Asian crypto marketing firm has been hired to target a new international audience + +[Buy now on Uniswap](https://app.uniswap.org/#/swap?outputCurrency=0x4b86e0295e7d32433ffa6411b82b4f4e56a581e1&use=V2), before you lose out on a huge gains opportunity. +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/EKU2tVBp9u). +I'm not about to talk about what price I think is a "floor" or make any kind of price prediction whatsoever, because I honestly don't think anyone knows what's going to happen here. I am not a financial advisor and this is in no way financial advice. But I've been asked many times why I bought some $GME, and wanted to write down my thoughts. Besides the fact that I wanted some skin in the game as I engage here with all of you, there is another reason. The initial gamma squeeze back in January was massive, and had all the hallmarks of a flash crash - until it repeated itself a couple of days later: + +&#x200B; + +https://preview.redd.it/5rvznty0kb171.png?width=1004&format=png&auto=webp&s=4e5c5b12abeab83ef853067c84656ce3643f17c1 + +When I saw that, and then saw it go back up to the mid $200s in March, I saw something that looked very familiar. I am a strong believer that flash crashes and other extreme moves actually have information within them. And I have often seen them act as magnets for price. They might appear to be flukes or weird occurrences, but I've seen the price come back to them too many times to dismiss them. So seeing GME trading at $138.80, it seemed like a no-brainer to [jump in](https://www.reddit.com/r/Superstonk/comments/naoqr9/bought_some_gme_yesterday/). + +Will it hit those levels from January? I wouldn't be surprised, but I don't claim to know. Will there be a MOASS that takes it to levels no stock has ever seen before? Again, I have no great insight on this. I think that anything is possible and if the DD and theories around naked shorting and FTDs are correct, then we're in for a hell of ride. + +This is a very unique confluence of conditions, and I want to see how it plays out - and hopefully make some money in the process. I'll never tell you to buy a stock, and I'll always urge you to only invest what you can stand to lose. But so far the ride has been fun, and I can't wait to see how this all shakes out. + +Edit: For clarity around my thoughts. + +Edit 2: **tldr; I like the stock.** +I made the mistake of test driving a model 3 performance yesterday. It made my grin in a way no car has for 25 years. But it’s £60,000 + +Background. 42m. Long term partner, 1 kid and another due. Mortgage paid off 4 years ago, £160,000 in an isa, £25,000 in cash. (£370k in a pension, not that this is really relevant) + +I can afford it, but my current car (a 6 year old leaf) is adequate, boring but utterly functional. + +Buying a Tesla seems to be in that small segment of the Venn diagram where terrible idea and awesome idea overlap. I’ve looked at other cars at a more on this planet price point (£35k Kia e nero) but none of them spark joy like the Tesla. All they give me over my £8000 leaf is a few more pointless gadgets I don’t need. + +Dear PF people. What should I do + +Edit 1. For those saying lease, it seems to be about 800 a month plus 8k down for 24 months and 12k miles. That’s 25k over 2 years, more than the likely depreciation of the asset. +I really don't see a way for me to be able to live a happy life aside from even the smallest MOASS. I have a college degree, no spouse and no kids, so I am in a pretty good place situationally, and I still can't get ahead. I have 16 dollars in my bank account and the idea of selling even one share feels like I am giving away my future. + +Mental health has been beating me for years. It feels like my options are MOASS or working my ass off for people who don't care so I have the privilege to eat. I want to experience the world and help improve it, not do the same shit for 40-50 years and be happy about my weekends or 1 week PTO. People aren't meant to live like this. I just hope I can find some peace and MOASS seems like the best way for me... Thanks for letting me rant. + + + +Edit: Thank you all so much. The comments have helped ground me and I'm ready to keep fighting forward. Seeing people relate is bittersweet because it helps me feel better knowing I'm not alone and that it's not something wrong with me, but it means that more people are suffering with similar issues. This is why I Hodl, to get rid of these unneeded issues for everyone I can. Fuck being stupid rich, I want to see the world be stupid happy. 🦍🤝💪 +The title pretty much asks the question. We are considering a private island. I'm not talking about a 10M fully staffed mansion in the middle of the ocean, rather a cabin on solar, septic, etc in a beautiful spot, probably north of Ontario. Estimated acquisition cost of around 700k. + +Has anyone ever done this? Is it insane? + +Edit: thank you everyone for your replies. There are several headaches I had not considered and it sounds like even those who have them wouldn’t recommend it. We’re still probably going to look at it, if for no other reason than to get out of town for a few days. +CNBC’s Jim Cramer said Friday that professionals on Wall Street are taking advantage of amateur investors by bidding up beat-up but popular stocks like airlines in premarket trading. + +“It’s a game. If it weren’t securities, let’s say it was monopoly, let’s say it’s Draft Kings ... it would be so much fun,” Cramer said on “Squawk Box.” “Pick a couple of stocks, you gun them in the morning, and then you hope people are stupid enough and they buy them.” + + +https://www.cnbc.com/2020/06/12/cramer-thinks-wall-street-pros-may-be-playing-a-game-with-amateur-robinhood-traders.html?__source=iosappshare%7Ccom.apple.UIKit.activity.CopyToPasteboard + +For the new investors: If the money is important to you and you can’t afford to lose it, buy great companies, and hold them, or you WILL lose money in the long run. Trying to time the market and dance in and out of positions is like the following analogy: Imagine playing a slot machine, except the casino is watching you, and they can hit a button to make you lose when ever they want. They can also hit a different button to let you win a little, in order to embolden you so that you bet more, and then hit the button to make you loose money. +With all the craziness of the market lately, I needed remind myself to stay within my rules. + +If these meme stocks don't fit in your trading plan, it's ok to miss out on them. There are plenty of other opportunities in the market. FOMO is a real thing and I get it but it's ok to not get involved. We're in the day trading game for consistent success, not one big bet. + +If these stocks do fit in your plans then remind yourself to stay within yourself. The volatility and hype can put pressure on anyone and that's understandable. But you have your ruleset that you should stick to. + +If you are buying up these meme stocks and holding - that's great. I hope you make a ton of money. But you're not daytrading so this advice isn't for you. +Some properties I’m interested in are hitting the market with asking prices well above what the previous one sold for a year ago when life was normal. Has the market become so screwed up that I’m expected pay 10% more for a property in city that is effectively dead right now? This is madness. +When in doubt, zoom out. + +https://uk.tradingview.com/chart/BTCUSD/rj2mYmlJ-Bitcoin-is-dead-long-live-Bitcoin-bulls-v-bears-since-2011/ + +So, I had a look at BTC since 2011 on a weekly. It's basically just a continuation pattern of bull flags, save that Mt Gox prolonged bear markets, where a few big old bear flags reared their heads. + +Where we are right now might seem like the end of the world, and I know people are hurting, but it's just another milestone on the journey of crypto. + +It won't last forever, and BTC (and the rest of the market) will eventually break out of the current huge bull flag, probably soon, going on the span of other downtrends in history. + +The chart is also here as a flat image: https://uk.tradingview.com/x/9ccjwync/ + +Edit for the pedant below: this is a LOG scale chart +So, first off, you might be wondering, why sell now? "This cycle still has months to go! ETH will hit $10k! BTC will hit $100k" - well, maybe you're right (now that I've sold, you're probably right!), I actually do believe that the market still has a few months left in it, after all, we bounced back pretty well after this recent dip, but, I had a goal and I have to stick to that goal. + +For me, the goal when I bought in at 2017/2018 was paying off my mortgage (with of course enough to also cover any tax) + +I know that most users here have only like $500 invested, so, it's easy to scream "HODL!" but, believe me, once you get close to your goal, those dips become scary. For me, the weekend "dip" wiped off $40k in value. That $40k meant not paying off the loan, "damn, i was so close," I thought. + +And here's the thing, I've been just above the goal for a week or so, but I held because I got greedy - I bought into the hype. That 'dip' was a nice little reminder, "don't get greedy, stick to your goal and sell", so I waited for the dip to rise as best as I could and for the goal figure to be reached again (luckily this happened) and I sold. + +# Some history and lessons learned along the way + +I've been interested in crypto for many years, so I'd like to reflect on that time and put the lessons learned from each phase into a simple table here for y'all: + +|Year|What happened|Lesson learned| +|:-|:-|:-| +|Somewhere around 2010-2011|I remember talking to friends about BTC hitting $1 USD. They were skeptical and I didn't look into it further.|Learn and read more, don't listen to others.| +|2012|I looked into buying on Mt Gox but decided against it because it would mean sending personal information to Japan - I decided this was too risky.|Sometimes, you have to take a risk. Back then BTC was worth hardly anything, but my concern was a shady company in another part of the world having my passport details.| +|2013-2014|After some time away from PCs, I built a machine and decided to try some mining. I joined mining pools (like Nicehash) that later exit scammed and lost funds.|Not your keys, not your crypto. I kept my mining rewards on the pools website and also moved some to a dodgy trading platform that disappeared (Cryptsy)| +|2014-2015|I heard about the ETH ICO and had brief look into it but was too distracted with other financial matters so again did not buy.|This time there were no friends dissuading me, in fact, it was someone who I cannot remember messaging me and suggesting I look at ETH. I wasn't paying enough attention and didn't explore further.| +|2015-2016|Somewhere around here BTC was at like $1k USD. I remember thinking it was way overpriced.|Don't assume you know the right price of anything.| +|2017|Mania and hype. I had stopped paying attention to BTC. A friend mentioned that it had hit $10k USD. I fired up some of my old mining wallets and transferred them to exchanges and got serious.|The best time to invest was yesterday, the next best time is today. I had missed out enough, it was time to take the plunge. I had also been wrong about BTC (see above), so I wouldn't take the risk again that "$10k is too high" like some friends said at the time.| +|2018|The crash. I had invested in but seems it was too late, everything cratered.|HODL. I had read enough to know and understand that there might be another market cycle, there SHOULD be another cycle. I held onto basically coins that went -90%. I also learned that BTC is king, there would be no new bull market until BTC lead that charge, so I moved most of my value to BTC and told myself I'd wait.| +|2019-2020|Buying here and there. Unfortunately I missed the 2020 low because I needed money for other things, but toward the end of the year I got very interested in ETH 2.0 and decided I wanted to have a validator node (32 ETH). I used savings and my tax return to buy in.|Buy in a bear market, sell in a bull market. Buy in what you believe in and do the research. After being lax about learning I dove headfirst into ETH. I tested staking on the testnet, I played with DeFI.| +|2021|Our current bull cycle and hitting a personal goal.|From the beginning, I knew that I didn't care if I'd get rich and become a millionaire, my main goal was to pay off my house, if I could do that, that would be enough. Well, I hit that goal, went above it actually, and as you read in my intro, got greedy waiting for more gains since this "is just the beginning". A major dip shattered that greed and helped me realise that I should stick to the plan. I sold. Don't be greedy.| + +There you have it, many lessons learned throughout the years, but if I had to distill it into the most important ones: + +1. **Actually use the things you're buying, test them for yourself**. Make sure you really believe in what you hold, and not just because people are saying it will moon. +2. **Buy in a bear market.** And yes, there will be a bear market, of course, maybe not now, maybe in 6 months, but there will be one. Be ready. That is where I made my biggest gains. I know, this part is hard, when things are really bad (remember when BTC hit $4k in the "dip"), everyone loses faith and thinks, "it's going to $1k" - but that is just greed. DCA your way in for best results if you have to. +3. **Stick to your goals.** Don't be like me and get greedy, only to then get spooked. Thankfully, everything bounced back, but what if it didn't? I would've missed paying off my house because I got greedy waiting for ETH to rise even further. + +\--- + +Truthfully, I will never completely move away from crypto. I believe in it long term. Hell, I had less anxiety about moving BTC and ETH around than I did about requesting my exchange to withdraw to fiat. + +Who knows, everyone here is still super positive, the sub keeps getting new members (or maybe it's just people creating alt accounts?) the run keeps going, BTC hits $100k, ETH hits $10k and I will look at it like, "damn, maybe I should've held," but that's OK, it's very hard to time the market and hit the top just like you can pretty much never buy the bottom. + +I'll live with that because I'll have achieved at least one major goal. + +I hope you guys can do the same, and I hope you have the fortitude to 'hodl' when you need to, and sell when you need to, when it's your choice. + +EDIT: **Thanks for all the replies guys**. To answer some of the recurring comments and questions; yes, I sold out in phases, yes I still hold a small amount compared to what I sold (I won't shill projects here) including moons (this is an alt account). I will continue to post here and continue to post on this alt account. I've been posting here since 2017. Yes, I will continue to invest in Crypto. + +EDIT 2: **So, this blew up**. I've tried my best to read and reply to as many people as possible, and of course, many scammers have contacted me (so I'm glad I posted this with my alt account), I'll add a few more things here and leave it at that since I think this honestly has too much attention for what it is, I'm just a regular dude sharing some thoughts. + +1. Yes, everyone, the goal price considers my tax! +2. I'm not in the US +3. Yes, there are many financial advisors here saying that I made a terrible mistake and should've kept my mortgage. I guess everyone has a different situation and different goals, so consider their posts, even though they're having a go at me for making a dumb move - who knows, maybe their advice is right for you +4. Yes, this is real, and this is my alt account, it's not some conspiracy by whales to make you also sell. +5. The intention here is not to scare people off or also make them sell, I just wanted to share and reflect on what crypto has been for me. I didn't want this much attention. + +**TLDR;** I watched early crypto for a couple of years and did nothing. Then I dabbled with mining and got burned. Then I missed ETH ICO. Finally I got involved in the last run seriously and experienced the crash. Held till now and perhaps sold early, but thats OK. +[that was me](https://www.reddit.com/r/povertyfinance/comments/agbx0n/instead_of_the_5_challenge_i_thought_id_try_an/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) hey, hi, how y’all doing? + +So this is the update to my endeavor and before I continue the story, I want to preface this with: **I AM NOT POSTING FOR PITY.** I know there was quite a few people who were intrigued and invested in my experiment, and I wanted to give an update to what happened. + +Basically, the task was for me to try and save whatever clinky change I had and money I would have spent on lotto tickets and essentially, the task failed successfully. + +The bucket ended up actually helping me out in the end because late July 2019, my mother had a fall and broke both ankles. + +Needless to say, it kicked off two of the hardest, stressful, and needlessly painful months of my life. + +She would spent a month in hospital, spent time and rehab, home, back to the hospital all the while my family my family fighting with Medicare, transportation services, and equipment renters and failing to be able to provide a basic level of care in her condition. + +This would be the straw to break the camels back and she would ultimately decide to quit dialysis and come home on hospice where within 3 days she would be gone. + +So what does any of this have to do with me managing my money? I’ll tell yah. + +My bucket came in handy because suddenly I was driving from work, to hospitals and a rehab center which mean a lot of gas, and a fuckton of tolls. + +What little I had initially saved helped, and it became more like a contingency savings account because as anyone who’s paid biweekly knows- getting paid twice a month FUCKING BLOWS. + +So it helped insure that when all my bills were paid, I would have gas and toll money and even some to bring my mom lunch or dinner. + +So where do I stand now? The bucket is empty save for some pennies. Basically, the experiment has ceased being of my utmost concern because even now nearly 4 months later, I’m still wading my way out of the grieving process and have been throwing any money I do have extra towards student loans, paying off my credit card, my car payment, and a new mattress. + +But since this is a story I guess I should give it some moralistic ended and I think it would be: expect the unexpected, and don’t be afraid to change your plans. Sometimes accidents is how we obtain results. + +Will I try it again? Probably not for a while, but if I do, I’ll let y’all know. +A month ago I applied for a small loan at Wells Fargo for the 1st time ever to consolidate some small bills. They denied the loan. I went to a local Credit Union and they gave me the loan. Today I signed up for a checking/savings account at that Credit Union and canceled my accounts with Wells Fargo. Couldn't be happier to stop doing business with a crooked ass corporation. +edit: should have been more clear, there will probably be people going like 'id buy a bunch of drugs' lol. i mean if you want to be wise about it and make the most of what little you have, and not "waste" any. + +&#x200B; + +I've minimized my expenses as much as I can handle, pretty much got it down to bills, phone, ymca, and amazon. i quit smoking, drinking, video games, all i do now is go to the ymca and watch youtube. Just saving money won't cut it forever, i am only allowed to have a total of $2000 to my name (ssi, which is why the $440 is fixed) so unless i withdraw some and buy some Gold to bury every month to keep it from tipping over the limit, there's an expiration date. so I'm curious for people with more knowledge and experience, if you knew what you know but you were suddenly in my position with a fixed income, what would you do to be smart with the $440? investment? going to lots of garage sales and trying to flip? etc +I took the latest numbers from Q2 earning calls of big tech stocks and I ran a discounted cash flow valuation to determine the fair value and my entry price of each stock. + +Link to video: [https://youtu.be/QMs2CoXMvB0](https://youtu.be/QMs2CoXMvB0) + +Conclusions: + +\- Microsoft and Visa are currently overvalued by 30-40% for a 15% yearly return on investment + +\- Facebook and Amazon are fairly valued for a 15% yearly return on investment + +\- Apple and Qualcomm are undervalued by 16-18% for a for a 15% yearly return on investment + +\- Intel, AMD and Google are severely undervalued by 32-49% for a 15% yearly return on investment + +Would love to hear feedbacks on what is your entry price for these stocks and what you consider undervalued +I just let the cat out of the bag and announced my intention to retire today. My manager was a bit surprise as he thought I would work (at least) for a few more years. Anyway, he is now working on a retention package for me. I am somewhat open to it as long as the package is good and it is no more than 12 months... Will see... + +Total NW as of 8/5/22: $8.8M+ ($6.8M+ mostly in stock/cash/bond and $2M+ primary resident). + +[https://www.reddit.com/r/fatFIRE/comments/vtw2jh/should\_i\_pull\_the\_trigger\_and\_retire\_this\_year/](https://www.reddit.com/r/fatFIRE/comments/vtw2jh/should_i_pull_the_trigger_and_retire_this_year/) + +EDIT 8/6/22: Thank you everyone for your comments/posts. I have learned so much from this group. +I will try and keep this concise and I'll use crayon drawings so that hopefully even the smoothest of smooth brains can follow along. + +The fed is always blamed for doing stupid things and rightly so but they are very predictable once you know what to look for. They follow the 2 year treasury yield near enough perfectly, always reactionary never actionary. + +This is as far back as data goes, but the 2-year treasury yeild dicates the fed fund rate, so as you can see, the fed will be looking to raise it's rates in line with the 2-year treasury yield... and there's a long way to catch up. + +&#x200B; + +https://preview.redd.it/t5glzsbw9n191.png?width=1168&format=png&auto=webp&s=5a8bc287574be98ae13f675cb2bffeb4ce5c84e6 + +The problem the fed have is that they can't hike rates fast enough to actually deal with inflation because they will crash the market. + +&#x200B; + +https://preview.redd.it/vxk9t1bgan191.png?width=1821&format=png&auto=webp&s=e425ffa4d1f6c8253f8b5f45b5fbeb62588aff9e + +If we look just before the covid crash, they had to lower rates as the market couldn't handle it. Interest rates are only at 1% - not even the levels they were at in 2019 of 2.5%, but the S&P500 has already dropped 18% as it edges closer and closer to a technical bear market of a 20% drop. + +&#x200B; + +Then this morning I saw this.... + +&#x200B; + +https://preview.redd.it/591kvb3jan191.png?width=594&format=png&auto=webp&s=f484cc8dedb167828c623be8ef99107995e6b032 + +Knowing that the fed raised rates as high as they needed to actually stop inflation (as they are very aware that would crash the market) what they have decided to do instead is to slowly raise rates while turning the money printer off to limit the supply of the dollar, thus increasing it's value and in doing so grinding the market lower without being scapegoated for a market crash. + +By doing this they are potentially going to cause a wave of countries to default on their foreign debts, as payments will be expected in dollars and the value of USD is going up vs the majority of all curriences, if not all. Russia is a prime example of this, with the US refusing to accept payment in roubles, this could potentially lead to a short squeeze scenario on the US dollar as the demand could suddenly outweigh the supply. + +&#x200B; + +https://preview.redd.it/kj6p3ioman191.png?width=1830&format=png&auto=webp&s=e53c3c918f292561d5343c45f3ce2d86bcd4395b + +As the printer stops going brrrr we can see the sudden impact this has had on the S&P500 - coupled with rising interest rates - things are only getting started. We know rates still have to come much higher and the M2 has to come much lower, if anyone you know is buying the dip here you might want to show them this chart, there is still a lot of room to move to the downside. + +So, if you want to know which way the market is going to go today there is one simple chart to watch, you don't need to watch the futures markets, options or anything else, just watch what the US dollar is doing as it is near an inverse of the S&P500. + +&#x200B; + +https://preview.redd.it/4h7tnhloan191.png?width=1834&format=png&auto=webp&s=5c4ae9fc622cd12a65ef1f3f9fa7ce0bc60a36b9 + +M2 is going to continue to decrease as interest rates increase, the dollar will continue to increase in value as the market grinds lower and lower in a likely multi-year bear market (if not another Great Depression - not just a recession). + +The unfortunate situation we are currently in is comparable to what people faced in the 1970s but the market is falling from a higher and over inflated point than it did in the 1970s. The can't just aggressively hike rates - they have to get M2 under control. + +&#x200B; + +https://preview.redd.it/13c9kveran191.png?width=1734&format=png&auto=webp&s=df681e2ba7066e47e168012e17d90bf74184db40 + +&#x200B; + +We are yet to cross over on the above chart, signalling that the S&P500 still has a long way to fall. But possibly the most alarming of all this is what happens when you look at M2 velocity. + +The velocity of money is a measurement of the rate at which money is exchanged in an economy. High money velocity is usually associated with a healthy, expanding economy and low money velocity with recessions and contractions. According to the Quantity Theory of Money, inflation depends on the money supply and its velocity. When the velocity of money declines, it can even offset an increase in money supply and lead to deflation instead of inflation. + +&#x200B; + +https://preview.redd.it/oag4coltan191.png?width=1724&format=png&auto=webp&s=73e5d826be82a5fd0ce9a4f41a3b62035521edc8 + +As you can see we are approaching the lows as seen during the 1930s and when you look at the disconnect we currently have with the S&P500 the results are alarming: + +&#x200B; + +https://preview.redd.it/j3lowb23bn191.png?width=1809&format=png&auto=webp&s=a7b7c7ad0df10a06e71fe4f643564664e724479a + +There will be blame placed on: Russia vs Ukraine war, COVID, retail traders and dumb money. But wallstreet caused the '08 crash and all they got was a slap on the wrist. So this time, they've only made it worse and let's not forget that the fed officals sold off at the top as did a record number of CEOs. Elon Musk even made a fucking twitter poll about it. If you think retail is the problem you are part of the problem. + +&#x200B; + +BUY. HOLD. DRS. VOTE. SPLIT. MOON. +Since its US Thanksgiving today, I wanted to post something that I think could use some more attention on this board (and everywhere). So often in our search for more we lost sight of how good we have it. I have a friend who has tens of millions of dollars but has a social circle that includes billionaires. He gets so dissatisfied when he is around them. He is the perfect embodiment of "comparison is the thief of all joy". But I get caught up in that thought process regularly too. "If I had X,Y,Z, I'd be happy". + +So in that spirit, I am thankful for the things I have learned from this forum, but also the opportunities that being in the neighborhood of FATFI opens up. I am thankful that I got to resume international travel this year and purchase a rural vacation home when my kids will be able to grow up. We are quite lucky by almost every metric. + +&#x200B; + +What are you thankful for this year? What does being wealthy allow you to do that you are especially appreciative of? + +If this is deemed not relevant, please remove, mods. + +&#x200B; + +Y'all have a good Turkey Day.. +I see a lot of questions here posting a trading idea then asking “what am I missing?” + +It might be helpful to those asking to consider the following common “gotchas” generic to every trade: + +1. Have you thought about your probability of profit and weighed that against the size of risk you’re taking on relative to the reward? This is part calculation and part judgement call, and should at least be attempted. + +2. Are you trading an underlying that can be price modeled with the assumption that directional movements are Brownian? In other words, can you accurately calculate the expected move and probability of profit ahead of time? Good examples of underlyings where you can make this key assumption include SPY, IWM, QQQ. + +3. Have you considered how changes to volatility would skew your position and how likely that change is? + +4. Have you considered the liquidity of your position and how that will change when the sentiment surrounding the underlying changes? + +5. Have you thought about how changes to the underlying will impact your margin requirements? Remember that your broker can change margin requirements at any time without warning. + +6. Have you considered whether the underlying you are trading has risk of being temporarily limited or trading halted by your broker, introducing artificial risk to your position? + +7. Have you considered the risk of early assignment? + +8. Do you know why you have an edge going into the trade and does your reasoning make sense logically? + +9. Is your position sized properly relative to the risk? If your position is significant, do you have a hedge in place or a defensive strategy in case it goes against you? + +10. Do you have any experience making this type of trade in the past? It would be wise to consider trading small and safe at first with any new strategy you want to try until you get used to the mechanics. + +11. Do you know what percentage of premium you plan to take profits at and why? Do you understand how that number impacts your probability of profit? + +This is meant to be a friendly post, intended for those who want to trade with intent of improving their results over time. Hope it doesn’t come across as too critical. + +If you know your trade is a gamble and you’re willing to gamble you can ignore this, as it doesn’t apply to you anyway. Remember that it’s your money to gain or lose as you please, and this is not financial advice. + +Edit: [TLDR](https://imgur.com/a/8OOJtdz) +Am a single 42 yo with a young disabled child. I hit $2 Million networth just this last weekend and realized I didnt have anyone to share it with. By no means is this FIRE for me. But it was a significant milestone and it felt empty when I couldn't really celebrate with a bunch of people. I eventually told one friend but was even paranoid then this friend would tell other people. Am I being paranoid? Anyone else ever feel this way? +I am normally ascribe to the view that less government is better government. However, is it not fair and reasonable that when we the taxpayers rescue companies from their own excessive indulgence that the shareholders and directors need to take their full fair share of the downside and (a la Warren Buffet) the crisis investor should be rewarded by stock or warrants? + +I am not talking about when we provide ‘bridge’ finance or do a country-wide or industry-wide rescue package but when we need to really dig deep to keep a specific company afloat. I can’t use Bombardier as an example because there is so much politics, culture and history wrapped up in that subject I would get mugged on my way home. Let’s take Air Canada instead are they not one of the companies that, if they had not indulged in share buy backs would have a war chest equivalent to the rescue package they have asked the government for. + +For the record I am not a fan of share buy backs. Either grow the company with the profits or return the excess cash flow to the shareholders by way of regular dividends or special dividends. Equally, if you need to suck the teat of the taxpayer be prepaid to pay a compensatory price in stock dilution. It’s called a free market economy for a reason. The government’s job is to regulate (appropriately) and only to rescue if in the countries best interest. Otherwise keep the hell out of the way. Thoughts? +April 18th has passed, so the posts have died down a bit, but let this post serve as a reference for the future. + +Got a tax question? Talk to a tax professional. + +Seriously. + +Everyone's tax situation is different. What works for one person may not work for another. Tax is an area where law and accounting interact. It does not fully belong to either. + +How do I know all this? I'm a tax professional who has been in the business over a decade and done 10s of thousands of tax returns, and save clients about 30 million a year in tax overall. No, I don't want your business. The vast majority of you are giant pains in the ass (but in a lovable way). It's OK, I understand. I was once an engineer myself. But I've reformed. + +Now, there are different roles in the tax world, and I will walk you through some of them to help you make more educated decisions. + +**Tax preparer** \- this is the person who is actually filling out the forms. Tax preparation is a *relatively* low value skill. It's sophisticated data entry. It does need to be done correctly and accurately though. + +**Tax attorney** \- this is a lawyer who specializes in tax matters. It could be lawsuits/audits against the IRS. It could be crafting tax policy. It could be dealing with local zoning boards for businesses. It could be creating trusts. Tax attorneys are involved in lots of things at a high level and fees are going to be correspondingly high. Average Joe is probably never going to interact with a tax attorney in his life. fatFIRE John might though, depending on what sorts of things he is involved in. + +**Tax planner** \- this is actually what most of the posts are asking about. How do I pay less in tax? That's a tax planner's bread and butter. A tax planner's job is to look at your current situation as well as your future plans and come up with a combination of strategies to lower your overall tax burden. There is a good deal of specialization in tax planning as there are carve-outs in tax legislation for all different kinds of things. Random example, restaurants have a tax credit for actually paying their tipped staff's FICA contributions. That doesn't apply to anything else, but if you own a restaurant you're going to want to know about it. So if you are a restaurant owner, make sure you talk to a tax planner who understands the restaurant industry. Fees tend be on the higher end of middling here (mid 4-figs to mid 5-figs in most cases). But any tax plan should pay for itself many times over and that savings should be demonstrable. + +*These categories are not mutually exclusive*. A tax attorney might also prepare taxes. But when you are trying to figure out who to talk to, keep these roles in mind. + +Some FAQs: + +Q: **how do I find one of these people?** \- most important question + +A: Like any professional service, referrals is the best way. More specifically, **referrals from people in your type of situation**. The needs of a someone making 500k W-2 and investing in vanguard funds is completely different from the needs of someone running a business making 500k in total owner compensation. + +If you can't get referrals, probably your next best bet is to find some candidates on LinkedIn and talk to each. Everybody has their own style of communication and methods. You need to be on the same page as your tax pro when it comes to how you communicate, how often, what the expectations are, and so on. + +Note: this might be next-best, but it's a significant step down from good referrals. + +Third best, check with industry groups like NATP and NSTP. They'll have indexes of members in good standing. + +Q: so-and-so is a CPA and said such-and-such (OK, that wasn't actually a question) + +A: See above roles in the tax world. CPA (certified public accounting) actually has little to do with tax. But over the years there has been a lot of conflation of terms because 1, people not in the business don't know what they are talking about, and 2, a lot of CPAs also do tax work. What role is this person fulfilling? If they are just doing tax prep then they probably are not aware of tax planning opportunities. They also aren't going to be representing you in tax court. Make sure you know what kind of professional you are talking to. + +Q: I'm a highly paid SWE, what can I do to save on tax? - most common question + +A: Again, talk to a tax planner. But recognize that you are the milk cow that supports the farm here. A highly paid employee is in the worst tax position. Still, given your skillset it is often worth the tax hit to make the income that you do. + +Especially since Trump's 2018 tax reform (TCJA) the *vast* majority of tax planning opportunities has gone over the business side. Sure, you can still do a DAF or max out your qualified plans, but generally you are going to be nibbling around the edges of your overall tax liability. If you become a highly paid employee and get involved in some kind of business, your options expand. + +Q: How much should I expect to pay for tax work? + +A: Depends on what you are doing. Some firms charge by the form, some charge by the hour, some charge flat rates, some pick a number out of the air depending on what they are feeling they can get from you. For fatFIRE types, you're probably going to be spending in the 1-5k range in most cases for the actual prep. More if it includes other services like bookkeeping, planning work (much more), etc. + +Q: What about this one specific question I have about my taxes? + +A: It depends. It depends on how everything else in your tax life interacts with that one thing. That's why you need to talk to a tax professional who can get the whole picture. + +OK, I feel better. +Mods, feel free to nuke this. + +I'm regional. I have a good job. I save 1/3 of my take home pay every fortnight. I salary sacrifice more to dump into FHSSS. Been doing this for 3 years. + +I have no debt/Afterpay to speak of other than HECS. No expensive hobbies. No going out. + +Got off the phone with a mortgage broker and his offer is 100k less than what I need for a entry level property in a shithole suburb. It would have been fine, if regional prices hadn't jumped up in the cashed-up exodus from the capitals. + +I'm struggling real hard every day, breaking my ass to try to save for a house. In the end all I seem to do is keep feeding my bastard landlord more rent money for the properties he inherited from his parents. + +I could go to Sydney or Melbourne for a higher paying job, but all that does is put me back at square one in terms of affordability. + +I feel that the dream for people under 40, or people who don't have help from their parents, is dead in its grave. How are we supposed to have a stake in this society if we can't have one of the most basic needs met? How am I supposed to have kids? Have a dog? Hang pictures without begging my landlord to let me put a hook on the wall? + +I want to give up. + +All I've ever wanted in life was a place to call my own. + +This is a rantpost, but at the same time, I'm genuinely asking how on earth we got to this point, and if I should just forget about buying a home and just flush my money down the toilet. +So here's the thing. I started out with 5k back at the beginning of Covid... got it up to like 18k by a couple months ago (could have been alot more), but AMC took me up to 42k. Finally, my ship has arrived. So I start getting cocky and throwing around 10-15k at a time by looking for the "high volume of the day" low cap stocks that's going hog wild. I got lucky a time or 2, but then got unlucky the next 4 times in a row, and my portfolio is back down to the mid 30's because of those couple of dumb moves. + +So now I'm scared to continue. I mean, it seems like when I think I'm reading something off the charts, it ends up doing the opposite. Is this why people say 9/10 day traders lose their shit ultimately? I am tempted to scale it WAY back to a maximum of say $500 per trade, and maybe start swing trading some large cap stocks instead, with the much more humble goal of attaining a set amount of profit per week ($500 profit per week has a nice ring to it?) + +What say you all? Have you been in my shoes? This post may also be self therapy as much as anything else, but some advice would be cool. + +&#x200B; + +If it helps any, one potential problem I've identified and am working on is being GREEDY. This morning, I was in XELA at $2.30 and could have taken a $1,000+ profit when it peaked at $2.54, but I ended up triggering my stop loss at $2.10 instead. I saw what MRIN did, and wanted that to happen to me. Bad news bear came knocking instead. +I’m considering quitting a job, without having another lined up for the sake of my mental health. + +I’ll be going back to uni next semester and have savings that will get me at least half way through my degree (1.5 years). + +Has anyone done this before and how did it pan out for you? + +Also one more question: My biggest worry is obviously not being able to find a another job and have no income coming in. + +I won’t be eligible for a study payment should my financial situation get dire due to having studied previously, however would likely be eligible for JobSeeker. + +Will me having quit my job have any negative impact on applying for JobSeeker down the line should I not be able to find another job in 1.5 years time? + +ie will I need to go on work for the dole and not be able to continue to study if I apply for JobSeeker? + +Thanks + +Edit: + +Whoa thanks for the responses - they have really opened my eyes, I really felt trapped, but it’s inspiring and motivating to hear others venturing into the unknown in order to improve their work situations, health and life in general. Thanks again +After nearly a year of being out of full time work, and 9 months of being completely unemployed, I was offered a FULL TIME JOB WITH BENEFITS today doing what I went to school for at a university hospital! 2020 was really \*really\* hard for me. I lost my job, left my fiance, and lived alone for the first time ever at 25. I had to ask for money from my parents, who I already had a difficult relationship with, and relied on the help of friends and family to feed myself and my cats this past month, when my savings ran dry. I didn't negotiate my salary like I should have, but I was just so grateful and stunned that I wasn't thinking. It's okay, because anything is more than the $700/month I was getting in unemployment benefits. This job will put me over the poverty line for the first time in my life, and I am ecstatic. I can begin to pay off my student loans, destroy my credit card debt, and start investing in my future. I am so excited and relieved and wanted to share this with people who understand what a big deal this is for me. +Not asking here for work to be done for me. I enjoy analysing companies, would just love to hear what people are looking at! Anyone think they’ve seen a company that’s undervalued at the moment or on the way there even? +**Monday:** Coronavirus-Driven Economic Shutdown Extended Until End of May. Economy Likely to See Second Shutdown this Fall. + +**Market Reaction:** DOW Closes Up 1.5% + + +**Tuesday:** Consumer Confidence Falls to Record Lows and Expected to Remain Low for 1-2 Years. GDP Falls by 75%. + +**Market Reaction:** DOW Rallies to Add Another 2% + + +**Wednesday:** Opec Negotiations Fail; Oil Prices Collapse. Banks and Auto Industry Request Government Bailout. + +**Market Reaction:** DOW Extends Gains-- Up More Than 3% at the Close + + +**Thursday:** Panicked Investors Withdraw Billions From Money Market Accounts Drying Up Vital Cash Needed By Businesses to Fund Day-to-Day Operations. + +**Market Reaction:** With No End in Sight to this Bull Market, DOW Closes Up 5% + + +**Friday:** U.S. Unemployment Rate Skyrockets to 25%. U.S. Dollar Loses Reserve Currency Status. + +**Market Reaction:** DOW Surges to Record Highs--- Breaks Through 30,000! + + +[Edit: Ah shucks, thanks for the All-Seeing Upvote!] +I am self made and I worked hard for it. + +I am not super wealthy, but I have more money than most people. + +But it can be lonely at times. + +And no one seems to ever have empathy for me when I struggle with stuff. + +And when I do struggle, I think people find it very unattractive. + +I tried getting a therapist and I could tell *he* even even thought I had it easy. +I am fairly new to investing and looking for a clean energy ETF to invest in. I have looked into ICLN but wanted to look into others aswell. +Any input would be appreciated. +Thanks in advance! +Hello my dear r/fatfire redditors, + +First of all, I know that this is a big luxury problem and I am well aware of the privileged position we find ourselves in. Nevertheless, I would be grateful for serious comments with assessments from your side. Also, I'm German, living in Germany, where the houses are standing as well. + +Inherited a semi-detached house together with a family member, built in 2020 for 4 million euros including land costs etc. Of this 1 million was down-payment of the deceased person, 1 million loan 0.5% the first 10 years fixed rate and 2 million euro euribor loan with first adjustment in March '23. + +The houses were value investments, the rental income would be about 250,000 euros gross per year. +Currently only the one house is rented, the tenants are very demanding, which is probably more than understandable with such a rent - but still can be very exhausting. In the other house, we are currently afraid of renting, because we are afraid of rent defaults - and thus expensive rent nomads. Apparently in the price range in the area it has happened more than once, because, for example, entrepreneurs went bankrupt and could no longer afford the rent. + +Throughout the pandemic, the houses had an increase in value of about 1.5-2 million euros. + +There is no prepayment penalty for the loans. We still have liquid assets totaling about 1.5 million euros and other real estate totaling 8 Million euros. With this, we could make a large unscheduled repayment, for example, should the euribor-linked loan interest rate - our main concern - go up sharply. + +At the moment our net income is around 10,000€/month in total. The people who can thus pay the rents in "our" houses on a monthly basis are in a different league financially, at least as far as the monthly cash flow is concerned. + +For us, there are two options: + +A. We sell the houses, settle the loans, come out with maybe 2.5 million gross after settling the loans. Of this, about 700,000 € speculation tax must be paid (which would be omitted from 2030 after the expiry of the deadline), the remaining 1.8 million we divide by two, buy from it perhaps apartment with less rent default risk because higher diversification and rejoice in the money we have been awarded. + +B. We look for a tenant for the other house, use all the rental income to pay off the loan and build up reserves. If the euribor loan becomes too expensive for us, we take our own money to bring it down by unscheduled repayment. +This variant brings us the advantages of no speculation tax, if we hold the object still a few years as well as a very high rent yield (250.000/4.000.000, over 6%) opposite the purchase price. Also, as new construction, the houses don't seem to have too high costs over the next few years (feel free to correct me if I'm wrong). + +Now for my questions, are we missing something? Is the math too simplistic? What would you guys do in such an exceptional situation? + +Are grateful for any advice, any opinion. +It takes 3 to 4 god damn business days. In 2020 where we can send a fucking car into space, why the fuck does it take 4 business days to deposit some money? Is this like that with brokers in the states too? Jesus fucking christ. +I'm going to be starting my first job soon and I was wondering how much to budget relative to income for expensive convenience and lifestyle stuff like car, phone, etc. + +I see a lot of my classmates buying phones worth their months salary and it just doesn't sit well with me. + +What are some budgeting rules of thumb that you follow to decide your budget for these items? For example, I saw another thread which said they follow a 50% of salary for on-road value of whichever car they purchase. + + +Just to clarify, I'm already aware of the 50-30-20 rule and all but I'd love to know how to set a good rule of thumb for myself when deciding how expensive/cheap I want the stuff I buy to be. +Is it just me? + +I've been following the market for a while and only invested recently but from what I've noticed there is huge money to be made (and lost) during global events. + +Now, everything seems ridiculously intertwined and eventually much of the world will probably face water shortages, lunatics are in places of power, etc... it's easy to invest in something that has immense value in a perfect world, but then you must consider also that it is worthless if shit hits the fan. Maybe I'm just crazy... +$StopElon started off like most potential moonshots, with a vision and a plan. The plan is to take control of $TSLA stock with a 2/3 majority ownership and $StopElon from being able to have such a direct effect on the market. + +What no one envisioned was how there would be many converging factors that could allow this community to grow & become a rallying point for everyone that is fed up with market manipulation, the system always winning & Business leaders like Elon that have left the everyday person in the rear view mirror. + +Having a cause or being the newest token happens all the time. Coins are purely speculative and should be treated as such. With that said, $StopElon is only a week old, making exponential returns still possible. Any early clue that this is much more than the new token is the community being forged on social media apps, as we speak. $StopElon is available on Telegram in (16) different languages as the community has pitched in to design our ecosystem in a way that encourages coin holder engagement. + +Update: + +* Our updated website update is live! +* We have gained another 8000 holders, now at 18,500+ and total transactions have now surpassed 45,000 +* We are in the process of starting a WeChat to help connect our potential holders in China that are currently behind firewalls +* Next AMA on saturday 29th 4PM UTC! . +* The team has been in talks with many different exchanges as well. I do not expect much yet, but I have been impressed and surprised so far with every turn. +* $StopElon in the media. + +Check our TG for daily updates + +Tokenomics: 0.1% max buy/sell 10% tax total (to holders and LP) 40% initial burn (almost 50% burn as of now!) 5% dev marketing wallet 5% community wallet + +✅ Verified contract 0xd83cec69ed9d8044597a793445c86a5e763b0e3d + +Twitter: STOPELON (@STOPELON\_BSC) + +📷 English Telegram (@StopElon\_BSC) + +📷 Website: [StopElon.space](https://StopElon.space) + +📷 Chart: [https://charts.bogged.finance/?token=0xd83cec69ed9d8044597a793445c86a5e763b0e3d](https://charts.bogged.finance/?token=0xd83cec69ed9d8044597a793445c86a5e763b0e3d) + +🥞 Buy (v2, slippage 12%, 0,1% max) : [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xd83cec69ed9d8044597a793445c86a5e763b0e3d](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xd83cec69ed9d8044597a793445c86a5e763b0e3d) +Four years ago, my mom pressured me to buy a new car for her because hers got repoed. She says that she absolutely needed it because she needed to get to work, and she wanted one that was brand new. + +I felt so much pressure to do it because she kept saying that she wasn’t going to be able to work, pay the bills, etc. She promised that she was going to make the payments on time and that it wouldn’t affect my credit. + +Fast forward 6 months after I sign it and she’s already 2 months behind on the car payment and my credit plummets. I had to take a semester off just to work in order to catch up on the payments. + +The worst part is, I don’t even drive the car. My mom and brothers drive it, and I rarely do. At this point, I’m close to paying off the car and I just want to pay it off as soon as possible so I can pay off my student loans. + +Edit: Wow, I did *not* expect this many responses! Thank you to everyone who provided wonderful advice! I’m trying to respond as many of the comments as I can. + +Also, some people have blamed me for putting myself in this situation, but I was a naive 19 year old who didn’t have any idea about what boundaries were. That, and my mom is a narcissist and they love to prey on naive people. +ECONOMISTS OF REDDIT! I CALL UPON YOU! + +i'm studying very hard to become an economist, but university is different to the real world and we are not really taught what you guys do. I am so curious, tell me about your job! what do you do on a day to day basis? what kind of economist are you? what did you think after starting your first grad job? what was your path to being an economist or working in the field of economics? +The power and understanding of econ fascinates me, i just don't want to be bitterly disappointing when i finish! +I thought that inflation generally degrades a currency. + +Is it because all other competing currencies are handling inflation more poorly than the USD? + +And what would be the causes that would lead to a weakening dollar? +Sup, + +as Title says I’m finally profitable after 4 years of losing, and losing a lot of money lol. I’m 25 atm and the way I did it was studying my strat to the tee. Once I knew the ins and outs I simply placed limit orders on the days I saw setups. I would set a limit order at london session (6am) and well.. not look at the charts until end of the day. I have a job I go to which helps distract me from the markets. I cannot stay in front of the charts and trade, I make too many irrational decisions hence he limits. Ill probably quit working for someone else by 29/30. No rush now. + +Best advice I can give you traders is; + +\- DON’T make forex your priority in life, you WILL get fucked financially and mentally. + +\-Treat it like a side hustle (you can still make a lot of cash) + +\-stay at your day job, don’t rush markets are here to stay + +\-Treat it like a side hustle (you can still make a lot of cash)— work your day job, what’s the rush markets not going anywhere) + +\- stay small until you’re consistent (something I didn’t do…) + +\- you have to mentally evolve as a person to be a consistent trader + +&#x200B; + +all the best +I am interested in studying economics on my own, but I don't know where to begin. Economics seems to an outsider like me to be so political. I would say I know a fair amount about politics, but when politicians, journalists and commentators bring up economics, my eyes glaze over. So, I couldn't tell you the differences between Trump's economic policy policy and Obama's economic policy. I am ignorant of the most basic rules or precepts of economics. On the flip side, when theory is involved, I don't know if Keynes makes more sense (or less sense) Mises. Forgive me for rambling. I just want to know what books I should read if I want to better understand economics. +Do many countries have gold reserves that aren't officially counted as gold reserves? + +Did Ukraine sell most of that gold only on paper? That seems incredibly risky. +Since the lowest incone-earners of society are consistently losing purchasing power/real wages die to inflation, why don't we peg the minimum wage to inflation? Seems like it could maintain purchasing power for a decently large part of society, though I'm guessing it has something to do with getting in a vicious cycle of inflation? + +Thanks in advance! +My wife and I (both working from home) are considering renting an office across the street from our condo so that we can free up space in our condo and have a separate “space” for work. + +As we considered how much it would cost, it brought up the question of how would we spend $15K per year to best improve our quality of life. + +What are some of the best expenses that you all have that improve your personal and/or work life? +u/leisure_rules has pointed me to the OCC - something that I should have been taking a look at since the beginning of my journey into the workings of the Fed. + +So I decided to look deeper. OP: [https://www.reddit.com/r/Superstonk/comments/ocfcfi/occ\_rule\_in\_effect\_7121\_net\_stable\_funding\_ratio/](https://www.reddit.com/r/Superstonk/comments/ocfcfi/occ_rule_in_effect_7121_net_stable_funding_ratio/) + +**TLDR start** \- and this is not short, as the document is close to 10k pages, with this section of 102 pages alone; + +After the recent test, it looks like the Fed shat themselves. A new rule was rushed to be introduced by the self-regulating fucks for the banks and split NFSR into 4 categories of application. Despite the rule having been in plan since 2016 and kind of in play, but has a ton of mentions of ‘08 crash. + +[the Fed looking back at the '08 crash - I'll fucking do it again!](https://preview.redd.it/gpshz8d4mw871.png?width=808&format=png&auto=webp&s=5217e1c67fed03fb4076ac08fdc6b6661210b8d3) + +Only the Category II of the banks have submitted a comment that the fucks in Category II will have a **fire sale** with such strict requirements. Rule passed for more stringent reporting just after the Fed passed the stress test for the banks, allowing them to buy back shares ($12Bn worth, likely the $12Bn that they got from gouging their customers on overdraft fees - no joke ($11Bn in 2019)). + +Because it is instituted on July 1st, 2021 - allowing the banks to have 10 business days to provide a response/plan on how to deal with their shitty NFSR ratio - we are likely looking at a few weeks if the NFSR ration is rated as bad in some of the banks. But we can expect some movement in the market next week - real movement. + +Now these agencies are no longer going to count derivatives towards a positive ASF (Available Stable Funding) factor. Further, RSF (Required Stable Funding) factor is set to 100% for the derivatives. This is a double-banana worthy of Rick! + +Look at the equation (sauce to u/leisure_rules) : + +[NSFR Ratio calculation](https://preview.redd.it/06e8x7immw871.png?width=350&format=png&auto=webp&s=02ab003204ff3a22949659661339635e9a41fbdf) + +**What is ASF:** + +* Sum of carrying values of the banking organization’s liabilities and regulatory capital, each multiplied by a standardized weighting (ASF factor) ranging from 0 to 100%. + +Here’s the chart of proposed ASF factors: [https://www.federalregister.gov/d/2020-26546/p-363](https://www.federalregister.gov/d/2020-26546/p-363) + +**What is RSF:** + +* Sum of the carrying values of its assets, each multiplied by a standardized weighting (RSF factor) ranging from 0 to 100% to reflect the relative need for funding over a 1 year horizon based on liquidity characteristics of the asset +* PLUS RSF amounts based on the banking organization’s committed facilities and derivatives exposure (CRIAND!!!) + +Here’s the chart of the RSF factors: [https://www.federalregister.gov/d/2020-26546/p-481](https://www.federalregister.gov/d/2020-26546/p-481) + +**TLDR end**; + +&#x200B; + +I’d like to put together a summary of what the fuck is going on - its all in plain English, and I suggest to read it yourself to gain more wrinkles: + +**Introduction** + +The OCC, the Fed, and OCC (agencies) are looking into a 2016 rule to establish NSFR (net stable funding ratio) for any institution with >=$10Bn of consolidated assets. + +Another two proposals that were being looked into are: + +* scope of NSFR +* Complex Institution Liquidity Monitoring Report (FR 2052a) - to basically get self-regulating information from the banks (Smells like Goldman’s F3 to anyone?) + +**Background** + +In the ‘08 crash, the banks had issues with risk management, specifically how the banks managed their liabilities to fund their assets. + +Further, there was an overreliance on short-term, less-stable funding - no shit, they were leveraged to shits. + +In response, Basel Committee on Banking Supervision (BCBS) created 2 liquidity standards: + +1. **Liquidity Coverage Ratio (LCR)** \- for high net cash outflows in a period of stress +2. **NFSR** \- for banks to not be taking handies behind Wendy's after using their credit cards to play the casino + +Part of the LCR rule was for the banks to hold a specific amount of unencumbered high-quality liquid assets (HQLA) that can be easily converted into cash to meet payments for a 30-day stress period. + +Along with the “poorly done” Dodd-Frank Act, the board (Fed) decided to adopt an “enhanced prudential standards rule, which established general risk management, liquidity risk management, and stress testing requirements for certain bank holding companies and foreign banking organizations.” + +# PROBLEM: The framework never addressed the relationship between a banking organization’s funding profile and its composition of assets and off-balance commitments. NO SHIT! + +# ANOTHER PROBLEM: The fucking rule was passed AFTER the recent stress test! + +Here’s where the margin debt comes in - being 2x that of ‘00 and ‘08 crashes. Coupled with u/Criand DD - means the OCC is realizing how big of a shitshow it has become, and was never dealt with until Retail started making money and exposing their shit. + +[Margin Debt w\/ S&P500](https://preview.redd.it/h6z4tnfdnw871.png?width=1238&format=png&auto=webp&s=2379718666e122b78046c5be4ee487a7df8ec057) + +**Overview of the Proposed Rule and Proposed Scope of Application** + +* The Proposed Stable Funding Requirement + +1. In June ‘16, comments were invited on the rule +2. Rule was generally consistent with the Basel NSFR, but has some characteristics of U.S. market +3. Proposed rule: maintaining ratio of ASF equal or greater than the minimum funding needs (RSF) over a 1 year horizon to be minimum 1.0. + +**The Final Rule** + +* The final rule assigns a zero percent RSF factor to unencumbered level 1 liquid asset securities and certain short-term secured lending transactions backed by level 1 liquid asset securities +* The final rule provides more favorable treatment for certain affiliate sweep deposits and non-deposit retail funding +* The final rule permits cash variation margin to be eligible to offset a covered company's current exposures under its derivatives transactions even if it does not meet all of the criteria in the agencies' supplementary leverage ratio rule (SLR rule). In addition, variation margin received in the form of rehypothecatable level 1 liquid asset securities also would be eligible to offset a covered company's current exposures +* The final rule reduces the amount of a covered company's gross derivatives liabilities that will be assigned a 100 percent RSF factor + +**Application of the final rule.** + +The agencies have decided to break down the application/companies into 4 categories: + +* **Category I**: US global systemically important banks (GSIBs) and any of their depository institution subsidiaries with >=$10Bn in consolidated assets +* **Category II**: Top-tier banking organizations, other than US GSIBs, with >=$700Bn in consolidated assets of >=$75Bn in average cross-jurisdiction activity, and to their depository institutions with >=$10Bn in consolidated assets. +* **Category III**: Top-tier banking organizations that have >=$250Bn in consolidated assets, or that have >$100Bn in consolidated assets and also have >=$75Bn or more in: + * Average nonbank assets + * Average weighted short-term wholesale funding + * Average off-balance sheet exposure (not in Category I or II) +* **Category IV**: Top-tier depository institutions holding companies or US intermediate holding companies that in each case have >=$100Bn in consolidated assets and >=$50Bn average weighted short-term wholesale funding (not in Category I, II, or III) + +**NFSR Requirements by Category** + +1. Category I: 100% +2. Category II: 100% +3. Category III: 85% +4. Category IV: 70% + +**Short Sales** \- I SUGGEST YOU READ THE WHOLE SECTION (IT IS GOLD) ([https://www.federalregister.gov/d/2020-26546/p-810](https://www.federalregister.gov/d/2020-26546/p-810)) +and I want to remind you that you're not alone. I'm broke as hell too. And so are so many of our customers. I see people with 2 kids in the back and $40 in their account depositing their paycheck to eat that week. I see the single woman living in her overdraft, getting charged $29 for each overdraw because she had a medical bill and now cant get her account positive. I see the elderly folks living Social Security check to Social Security check, barely keeping their heads above water. I see the rural farmer hoping the money from selling a calf will get him through the winter months. I see myself, the one put on part time, slowly draining my savings to be able to pay rent. + +And of course I see the wealthy people. But let me tell you, before working at a bank, I thought a lot of people were more well off than they are. We're all out here struggling through this capitalist shitshow of a world. + +I believe in you. + +Edit: quick note, the bank I work at services areas in Missouri, Oklahoma, and Texas, and my job involves video chatting and doing transactions for people in all of those places. I've been here since January +Warmest greetings, share market casino enthusiasts! I'd like to start with a personal shoutout to the small but certainly very enthusiastic 75 of you who continue to upvote this series and provide comments etc. Knowing that approximately 0.001% of the sub’s membership enjoy this series is enough to keep me going, grateful as I am for small mercies. I am, as per Uriah Heep, ever so humble. + +How are you going with your dog stocks anyway? I’ve recently invested in some dog stock myself, which is to say that I got an actual dog, and this morning that dog both peed and took a dump on my living room floor. Given that dogs these days aren’t cheap, I’d describe a freshly laid turd as a very poor ROI indeed, and my affection for said dog reached a 52 week low just before 6am today when this all went down. + +At least I didn’t tread in it, which is a better result than my buying into VUL at $14.78. + +Which brings me neatly to the subject of today’s instalment of [my long-running and somewhat acclaimed series](https://www.reddit.com/r/ASX_Bets/comments/qg1009/australias_smallest_market_cap_companies_part_10/), in which we’ll take a look at small cap companies that also shat all over the trading room floor today by reaching their 52 week lows. + +**I’m fine with my stuff being chewed and my floors being redecorated. Should I get a dog?** + +I am going to give you the same sort of dog buying advice as I do financial advice, which is to say not at all. If you get a dog and it disrespects your floor coverings in the early hours of the day, that’s nothing to do with me. Similarly, if you buy a dog stock and it disrespects your portfolio just after 4pm, take it up with Barry or ring ASIC about it or post on HotCopper or take it out the back and shoot it if you must, but it’s also not my problem. Don’t rely or act on anything I say. DYOR NFI DOGGO. + +**Today’s doggiest of dog stocks** + +The parameters of today’s Labrador puppy frolic through the small cap tulip fields are simple: I will take a look at small cap companies that hit their 52 week trading low today, except for the ones that I can’t find anything interesting about. + +First up is **4DS Memory Ltd (4DS),** which today dropped 12.68% to reach its 52 week low. There seems to be a bit of a story behind this, as the company resumed trading today after a trading halt in early October followed by a voluntary suspension, and it seems that whatever caused all that made a lot of people very unhappy. + +Working out what that was though is hard. There was a granting of a patent in late September, which I assume was good, then the halt pending a technical update, which I assume was important, then that was provided last Friday, which I assume was bad, and today we’re back on. + +Have you ever had a conversation with friends who work in IT, and at the end of the conversation they’ve managed to say a bunch of stuff like “memory stack etch mask change” and “further etch process optimization” and “megabit memory platform” and “turn it off and on again” and at the end of the conversation you’re just like…eh? I lost interest in computers after they stopped making the Amiga and I don’t know what any of that means. Those are some of the things mentioned in the technical update. I’m smart enough to spend money on shares talked about by you lot, so obviously about 170 IQ, and it was hard to follow, so maybe the market just went “ufknwotm8?” and sold off. The thing I did manage to glean from all that was that something failed and they’re going to fix it so…sweet? + +(I have some nagging feeling in the back of my mind that I'd discussed this company before, but I have no memory of whether that's the case. No memory? Get it?) + +Then we had the delightfully named **Tinybeans Group Ltd (TNY),** which even has a cute logo of a little bean with a sprout growing out of it. TNY today reached a 12 month low of $0.75, down 10.71%. Despite the name, this is not a company that puts undersized legumes in cans, alas, but some sort of…well, let’s go through the description. + +“Tinybeans Group Pty Ltd (TNY) is a Sydney and New York-based, social media platform focused on enabling families and friends to connect and share moments with each other.” + +Sounds like…Facebook? Instagram? What’s that new one again – Beta? + +“The Company innovate and refine its platform to give its users new functionality, provide parenting advice and solutions, and proactively engaging them every day to further grow their database of moments.” + +Personally if I want parenting advice and solutions, I again turn to Facebook, and in particular bored suburban mums who have done their own research. (Did you know the vaccine contains dihydrogen monoxide? OMG!) + +Now, if they had advice on puppy toilet training instead, I’d sign up. This morning’s incident was certainly one for my database of moments. + +But look – try this. Sign up for it, and then when you meet someone new, give them your Tinybeans so they can follow you there. Report back with the results. Maybe hit up that cutie in marketing with it. + +Anyway, it’s not obvious what happened today down at the home of the Beans, as there were no announcements, so while I have tried to do my own research, I got nothing. I’m going to assume it was a tree shake by insto downrampers. + +**Activeport Group Ltd (ATV)** also hit its 52 week low (I’m just going to type 52WL from now on, OK?) but that is a bit unfair given the company has enjoyed precisely 14 trading days on the ASX. There was an announcement today that, somewhat incomprehensibly, said “ActivePortal Compute is a software system used to create and manage private clouds of GPUcentric servers that can be seamlessly integrated with virtual GPU servers at cloud providers like AWS and Azure” which I guess is good if you know what that means. Or maybe it’s bad as the share price went down. What they should have said is that they’re doing a mad virtual GPU server that allows for crypto mining to the moon, and then we’d have had rockets, and could have mined Shiba Inu or Dogelon all day long. But they’re new to this so we’ll give them a break. + +Hey, maybe I should make a crypto based around my dog dropping its guts before breakfast? That’ll be a hit with the doge crypto crowd for sure. Look out for my white paper, which coincidentally is what I used to clean up this morning. + +Also reaching its annualised azimuth today was **Total Brain Ltd (TTB)**, which I am pretty sure was a 90s TV game show that aired at about 4:30 and involved slime. Wait, no, I’m thinking of Totally Wild, which had animals (probably pooing on things) and stuff and…Ranger Stacey maybe? + +But no – it turns out that this is a brain health company. And you know what? I’m not going to poke fun at these guys. It looks like they make a neat looking mental health app called Total Brain and you can have a free trial if you like. Who among us hasn’t needed some help with their mental health over the last little while? Look after yourselves, be excellent to each other, and ask for help if you need it. + +**Zebit Inc (ZBT)** is the next of our 52WL stocks today and…well this is exciting. They say they are “a California based eCommerce company that gives access to a broad set of products, offered online and with the ability to pay for those products over six months without fear of incurring penalties or late fees. It operates in both retail eCommerce and financial services. Zebit sells products as an eCommerce merchant and provides the financing to customers (via an in-house and proprietary BNPL solution) for those products over time.” + +Could it be….is this the next Afterpay? Or is it the next Z1P? All I’m saying is that the share price has steadily slid from $1.49 in March to $0.37 today so, again, DYOR. + +Next up is **Hamelin Gold Ltd (HMG)**, down 8.33% to its 52WL today. HMG is, as the name surprisingly accurately suggests, a gold exploration/mining/digging holes in the ground kind of outfit, currently focused on exploration. + +Now in fairness, the company started trading on Friday. I can therefore only assume that HMG didn’t find any gold on Friday, probably took the weekend off, maybe had a few too many beers, and didn’t find any gold today either, which led to it being brutally punished by the ASX today. It’s a rookie error, as you’ve gotta work weekends to impress the bourse. Maybe the Managing Director’s dog also soiled the office carpet today just to cap it all off. + +**Keytone Dairy Corporation Ltd (KTD)** performed like off milk today, reaching its 52WL and generally having a bad year overall. Trying to learn something about this enterprise, I saw on its website that it manufactures a range of dairy-based wellbeing type products, including something called Tonik Energy Performance Body Fuel, which comes in flavours such as Blood Orange, Tropical, and Green Apple. Having run 2km this morning I am obviously a finely tuned athlete in need of such products, so this got my attention. + +But…this is a dairy products company. What do you reckon blood orange flavoured milk tastes like? I don’t see the famed OAK company rolling that flavour out. I planted a blood orange tree a few years back and I can tell you that its output tastes like…well, like the theme of today’s discussion. On the other hand, maybe it doesn’t have milk in it at all, which seems like an odd product for a dairy company…how about you go [look at the website and try and figure out what’s actually in it](https://toniknutrition.com.au/pages/tonik-energy)? + +Finally today we have **Medallion Metals Ltd (MM8)**, for which the reasons for the share price reaching a 52WL today are painfully obvious. Kids’ sport season is over. Nobody’s going to be needing any medallions for a while. If you can’t figure that out, maybe the high rolling world of $500 at a time, Commsec shits on your floor two days from now investing isn’t for you. + +**Say hi to your dog for me.** + +Until next time, astute investors and dog or dog stock owners alike, may your carpets remain in their original state and may you wag your tails enthusiastically at tomorrow's trading. +Notwithstanding the possible effects on employment rate on young people entering the workforce. + +If the equilibrium price of low-skill labor set by the market is low, firms employing medium-skill labor (say, people with a couple years experience) don't have to compete too hard to keep the slightly more skilled workers. + +But if a minimum wage sets the price of low-skill labor higher, a medium-skill worker could still do a low-skill job at another company and get paid the same. So to keep medium-skilled workers, would medium-skill jobs have to offer more? +I am by no means fatFIRE but have diligently saved my whole life. There are some hobbies that only people with immense wealth could even consider pursuing. The one I dream about when I eventually hit a net worth of $4M is being able to pilot airplanes and recreational submarines. Be a female James Bond of sorts ;) + +Link: [https://www.youtube.com/watch?v=J926du1UNJA](https://www.youtube.com/watch?v=J926du1UNJA) + +Getting a private pilot's license with instrument rating costs about $28,000. And then you have to either rent a small plane or buy your own to be able to fly the 250 hours needed to become a certified flight instructor. + +Submarine pilot license costs about $40,000 USD to acquire through uworx. I don't know any other company that offers this type of training. To buy a personal submarine for yourself, you'll have to shell out about $1M. + +What are your fatFIRE only crazy hobbies? + +Edit: In a surprising twist of events, it appears that everyone wants to adopt astro photography! Check out u/d00fadingus incredible photographs: [https://www.astrobin.com/users/ebomber/](https://www.astrobin.com/users/ebomber/) + + +Edit2: u/jcarter593 owns a $1M rare coin! +“FICC’s Sponsored Service has made it possible to bring a much larger percentage of the market into clearing, while still maintaining robust risk management standards. + +The Sponsored service offers the following benefits to Sponsoring Members, Sponsored Members and the U.S. financial market: + +1. ⁠Reduction of Counterparty Risk: Central clearing reduces counter-party risk through FICC’s guarantee of the completion of settlement in a Member default scenario. +2. ⁠Balance Sheet and Capital Relief Opportunities: Central clearing of repo transactions at FICC could alleviate constraints on Members by enabling them to reduce capital usage via novation and balance sheet netting. The Sponsored Service provides Sponsoring Members with the ability to offset on their balance sheets their obligations to FICC on Sponsored Member Trades with their Sponsored Members against their obligations to FICC on other eligible FICC-cleared activity, including trades with other Netting Members. +3. ⁠Market Liquidity: The service may allow eligible institutional firms to engage in greater activity than otherwise feasible outside of central clearing, thereby promoting greater market liquidity and helps to mitigate the risk of a large-scale exit by institutional firms from the U.S. financial market in a stress scenario. Furthermore, enabling more term (rather than overnight) repo activity in the service can serve to help reduce repo rate volatility in the market.” + +https://www.dtcc.com/clearing-services/ficc-gov/sponsored-membership + +TL;DR: shorts are fucked, DTCC is fucked, Shitadel is fucked. GME to the moon 🚀 +XRP is in a massive pump. Just from mid-Dec. at .25 cents to today at $4. Less than 3 weeks. XRP will not hold the gains. Watch the money flow into ETH like what happen back last spring. ETH is the real deal with the most adopted blockchain by all standards. 1.3 million daily transactions with 1000's of Dapps and scaling coming. +Buffett and Munger have shown that low-cost index funds trump hedge funds over the long term. Yet people keep giving to hedgies. Why? Does the “prestige” of investing with a hedge fund overrule the logic of going with Vanguard? +* Intro: the SEC posted a ridiculous video on its official YouTube channel clearly intended to deter retail investors from investing in "meme stocks." This video has justifiably led to outrage because our tax dollars were used by the government to spread undue FUD. +* The counterpoint: *GameStop is not a "meme stock" so we should not be upset about the ridiculous SEC video*. While I wholeheartedly agree that labeling GameStop a "meme stock" is intended to make us look like idiot investors buying into an unworthy company, the reality is that people associate GameStop with that label whether we like it or not. But more importantly, **in the very first paragraph of the SEC's report on the January 2021 sneeze, it referred to GameStop (and only GameStop specifically) as a "meme stock."** + +&#x200B; + +[https:\/\/www.sec.gov\/files\/staff-report-equity-options-market-struction-conditions-early-2021.pdf](https://preview.redd.it/qwkyfidn1a391.png?width=1324&format=png&auto=webp&s=15d969aa18f049a9439ac9b4d38daa3fefaa97b4) + +* Of course the SEC will likely claim that they were not referring to a specific stock in the video and they were just encouraging research. But given that they had already defined "meme stocks" as specifically including GameStop, that is a loser of an argument. +* So the million dollar question: can the SEC discourage investing into GameStop? Fuck no. This is simply unethical. Federal employees must follow ethical regulations. To make it easy (because it does get complex at times), the government has boiled these regulations down to "14 General Principles." Among them is the following: + +[https:\/\/oge.gov\/web\/oge.nsf\/0\/B97C62717328457B852585B6005A180D\/$FILE\/14&#37;20General&#37;20Priniciples.pdf](https://preview.redd.it/ggeb9trr1a391.png?width=553&format=png&auto=webp&s=96a38e18b42b131ea3574d20209fee86ca56aaf2) + +* As the SEC is quite aware, there is a battle over GME stock. On one side of the battle, we have SHF's who want to see the price fall. On the other side, we have investors who see the long term value in GME and want to see the price rise. By unjustifiably shitting on one side of this battle, the SEC effectively lost impartiality and gave preferential treatment to short hedge funds. THAT IS UNETHICAL. To make matters worse, they clearly spent some money to produce this video. My law firm will be sending a FOIA to obtain the information relating to the cost of the video *inter alia*. +* So what can we do? We complain to the IG. Having worked as an attorney in the federal government (not the SEC) at one time, I can tell you that IG investigations are not welcomed by the individuals or departments subject of the investigation. + +[https:\/\/www.sec.gov\/oig](https://preview.redd.it/fa27to8z1a391.jpg?width=304&format=pjpg&auto=webp&s=a1c25f79aefa728e6eba15f214de6a7de9484f68) + +* The creative asshole at the SEC and every approving official behind this video needs to know that this bullshit is unacceptable. Fortunately, the process takes mere minutes. Squeaky wheel gets the grease, so let's get to squeaking. +* You can make your complaint online [here](https://www.securecloud365.tech/SEC) or if you are not into typing, you can even call and make it by calling **(833) SEC-OIG1 (732-6441).** + +See you all on the moon. +Come back often, edits being added constantly. Lots of apes helping! + +Today I started searching for 741 inside of the SEC forms and other securities related documents. + +Guess what I found... I found a document filed by +Dreyfus Florida Municipal Money Market Fund in 2007 + +https://www.sec.gov/Archives/edgar/data/911746/000091174607000015/form-741.htm + +Form 741 as described by this ape - https://www.reddit.com/r/Superstonk/comments/q8cf95/sec_form_741/?utm_medium=android_app&utm_source=share + +The Dreyfus name rang a bell...So I dug a little bit deeper. Is RC pointing us to the options bag? + +Guess who owns that fund? + +BYN Mellon + +https://im.bnymellon.com/us/en/ + +Guess who clears Kennys trades? +Guess who holds the "Brazilian Puts" +Guess who Goldman had to bail out to prevent dominos + +Thats right. + +Please get the wrinkles in here. I need an adult. + +Looks like alot of apes found the bag of puts a month or so ago "BYN Melon" search in Superstonk had alot of hits about 30 days ago. + +Seriously think Ive hit something here. All help is appreciated while I keep digging. + +Edit: Im finding alot of connection here, like metric shit ton. Right now im diving into the funds product inception in 2017... This is the likely the fund used to naked short GME to oblivion, likely others too. But one eerie point stood out to me 741 - I shit you not. go look for yourself + +BNY Mellon's Dreyfus Corporation serves as the investment manager of the fund, and MBSC Securities Corporation, a wholly owned subsidiary of Dreyfus, serves as the fund's distributor. The fund is sub-advised by Pareto Investment Management Limited, an affiliate of Dreyfus and a wholly-owned subsidiary of Insight Investment Management Limited ("Insight" or "Insight Investment"), a BNY Mellon investment boutique with $741 billion under management globally2. + +https://markets.businessinsider.com/news/stocks/bny-mellon-investment-management-launches-multi-asset-fund-1001909081 + +Edit 2: Found some compelling evidence from DFV. yeah thats right. Thanks to ape comments for pointing this out. Look at the dates, look at gme, whats her name? + +(This could just be part of the struggle to get Computershare through our thick heads) Three colors, mix em up, whata get) But the Dreyfus-Mellon thing still stuck with me. And then Daves tweet below, pushed me to Seinfeld again.... + +https://mobile.twitter.com/TheRoaringKitty/status/1405258938543742976?s=20 + +https://mobile.twitter.com/TheRoaringKitty/status/1405204944471445505?s=20 + + + +EDIT 3: DAVE KNOWS - https://www.reddit.com/r/Superstonk/comments/q87vjy/what_do_the_numbers_mean_mason/?utm_medium=android_app&utm_source=share + +Dave almost instantly deleted this tweet. Dave never deletes tweets....🚨🚨🚨 Look at the title of the post. Look at the format of the tweet! "whats the deal" ... remind you of a certain sitcom? + +Edit 4: I believe I have found out who is colluding with Kenny and Co to hide, recycle, and naked short GME via deep options. This is the entity spoken about but not named in this recent DD - https://threader.app/thread/1441157342045749253 + +Im now getting very confident about this, and a huge bag of these puts expires tomorrow as per the briefly visible Bloomberg Terminal 150 puts showed. T+35 puts us exactly at the absolute end of this wedge End of Nov. no dates Nov 18-19 2021 + +This all started with a Google search for 741 while taking a shit. No jokes. Kerplunk + +I still have some weight in the broker default theroys, but DFV tweeting twice Elaine Dreyfus relieved and wanting to move on.. just after our spike to 350ish... yeah there is something here + +Edit: 5 I have had discussion with many folks in the last 5 hours. Let me tell you, this is bigger than all of us could have ever imagined, NFTs are the key to the final chapter. The OLD ORDER is about to be overthrown. I am now in a euphoria I have never experienced before.... + +Edit: 6 Well this just keeps getting better. A recent Burry tweet #GMESQUEEZE shows a sheet with Merrill Lynch shorting into GME buyback to avoid being squeezed. + +A look into Dreyfus has uncovered some dark shit. But noteable names be showing up on page 55 of their Mutual Fund Disclosure in 2008! Oh hello Merril Lynch and every other bad actor garbage shit fund.... + +Merrill Lynch, HSBC, Leeman, Credit Suisse, etc etc + +https://www.google.com/url?sa=t&source=web&rct=j&url=https://www.sec.gov/Archives/edgar/data/30160/000003016008000005/dmmi485.pdf&ved=2ahUKEwjzvrjywcvzAhUfknIEHWC5A48QFnoECA8QAQ&usg=AOvVaw0kR-5Ewsv8BhZihy0Diti1 + +and on page 56 we have a link to dreyfus.com +who is the manager of the fund right. Do me a favor visit dreyfus.com + +Where does it redirect.... BNY Mellon + +Oh buddy. lots more to come + +Update here: 🚨🚨🚨 +Look at Mellons CUSIP number https://im.bnymellon.com/us/en/individual/funds/05587K741 + + +