diff --git "a/reddit_finance_43_250k_391.txt" "b/reddit_finance_43_250k_391.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_391.txt" @@ -0,0 +1,10000 @@ +Is this a good financial decision for us? The property is in New York City, it’s in a co-op building and we think it is worth about $400,000. It’s not in good condition, I’ve never even seen it but I believe it’s very dated and in disrepair. The building’s maintenance fee we would be paying is about $1,600 a month. We can afford to pay that but it will really impact our family’s finances at home. + +What if she lives more than 6 years, goes broke and there’s no option to cover her living expenses but to sell the property. Could we be stuck paying all of her living expenses? + +Is an irrevocable trust the right way to handle something like this? We live almost 1500 miles away and are not familiar with New York real estate laws. + +TLDR: Aunt said we could have her apartment in NYC if we pay the maintenance fee until she dies. But is it a good idea? + +Edit: Thank you all for the advice! My wife and I are flying out to NYC to meet with her in a few days to discuss this. There are some very good points here! +I have seen a lot of posts, including rensoles morning news claiming the record date of the share recall to be 4/20. However, multiple brokers have verified the date to be 4/15. GameStop and RC cant confirm this until Saturday at the earliest due to Texas law stating it cannot be announced more than 60 days prior to the shareholders meeting, but I suspect it will be Sunday or Monday. + +**YOU MUST RECALL YOUR SHARES BEFORE THIS DATE (4/15)! DO NOT PROCRASTINATE IF YOU WANT TO BE ABLE TO VOTE IN THE UPCOMING SHAREHOLDERS MEETING.** + +This also has the added benefit of forcing anyone who has borrowed said shares for the purpose of shorting to return them. + +[E-Trade](https://imgur.com/a/kW4vQnj) + +[TD Ameritrade](https://imgur.com/q99378Y) + +[Wealth Simple Canada](https://imgur.com/ai6Duju) + +Edit 1: [Questrade](https://i.imgur.com/BxuZ3GX.jpg) Thanks to u/87CSD for this screen shot showing another confirmation. + +[Take a look at the time on the clock from this shirt that dropped yesterday.](https://imgur.com/a/QJqwTfw) + +# You are responsible for recalling your own shares through your broker, this does not happen automatically! CALL THEM OR USE THE ONLINE CHAT FEATURE MANY BROKERS HAVE! This will take 10 minutes at most! + +[What is a share recall and how does it work?](https://www.reddit.com/r/GME/comments/m9eqv9/clarifying_share_recall_what_is_it_and_how_does/?utm_medium=android_app&utm_source=share) + +*This is not financial advice, just information for you to do with what you will. As for me, I like the stock and will obviously be recalling my shares so that I can vote in the upcoming shareholders meeting.* + +&#x200B; + +Credit to this post for explaining and compiling this: + +[https://www.reddit.com/r/Superstonk/comments/mmt5rq/420\_share\_recall\_explained\_why\_its\_important\_that/?utm\_medium=android\_app&utm\_source=share](https://www.reddit.com/r/Superstonk/comments/mmt5rq/420_share_recall_explained_why_its_important_that/?utm_medium=android_app&utm_source=share) + +&#x200B; + +Edit 2: [Reminder for wealthsimple Canada to turn on shareholder communications](https://www.reddit.com/r/Superstonk/comments/mnibmd/share_recall_record_date_is_415_not_420_make_sure/gtyfds2?utm_source=share&utm_medium=web2x&context=3) +I currently make about 30k/yr... so this is a sizable chuck and I want to make sure that I can change my family's life for the better some. + +My current car is a POS and I currently owe more on it than it is worth.... BUT, the lot I bought it from told me (in writing) i can return the car to them at no penalty. + +I want to spend 10-15k on 2 reliable cars (10k/5k split) as it makes me and my wife's lives much easier. + +I want to spend about $7k (face value, i'm going to try to make deals with the creditors) to pay off everything I owe. + +I want to put away $25k to put a down payment on a house after I get my credit sorted. + +Am I off track? +I feel I already know the answer to this but I guess looking for other perspectives. + +Early 40s, currently an FTE in government IT role, earning about 120k/yr. As with all tech sector roles the private sector rates have exploded especially on contract. Contract offers around 350k are popping up and I’m very tempted to jump ship and take one. + +I guess I’m looking for reasons against doing this. I was contract for many years previously but have been in the govvie FTE cocoon for 4 yrs now. + +Post tax without any tax structures it would be more than 2.5x current income. I always take at least a month off every year but that isn’t really much of a dent at those rates. +I get 22 days of annual leave per year in my job, but my employer told me that if I don't take the leave by the anniversary date it will disappear. I checked my contract and it just says it follows the Fair Work Act 2009. We also have an employee handbook that says only 5 days can roll over. My impression was that leave either gets rolled over or paid out, that's it. + +My impression is that leave can't disappear. It either gets accrued or cashed out if in excess of 4 weeks - they can't cash you down to 5 days. Am I right in understanding how that should work? + + +EDIT: Thank you everyone. For posterity; annual and personal leave both roll over, personal leave cannot be forced and doesn't get paid out though. +looking at the weekends sales data in Melbourne in some of the interest suburbs, i see a treed of majority as private sale and all those price withheld... whats the reason for this and how to understand the trend of property current value? any thought? +http://imgur.com/yzUlW8T + +tldr; I logged into Bank of America and had full access to someone else’s account because they had the same user name. + +Most of the time when you read about banks on /r/bitcoin it’s about a bank making an arbitrary or discretionary action about a single account. This isn’t about that. This is the exposure of a fundamental problem of a bank not able to operate under the tenets of a bank. + +Like many people who have discovered bitcoin, I’ve moved everything out of the banking system but what is necessary to be able to operate conveniently in the fiat economy. After what just happened I realize I have to go full bitcoin. Here it is: + +1. I logged into Bank of America and immediately noticed that I had almost a quarter million dollars more than I did the day before. My account is there, and so are some other accounts. + +2. I looked through the transactional details of the unfamiliar account and online statements. It definitely wasn’t an old account of mine that someone had generously funded without telling me. This is someone else’s account and I have full access to it and all information associated with it. I do a test and get as close as I can to transferring money out it without clicking the final button. It's obvious I can transfer money out of it. + +3. I realize that calling online banking support will put the issue in the hands of an attendant who views this as a technical problem that is solved by merely moving the accounts out of my login without realizing how fundamentally significant this is. Open ticket, close ticket, nothing to see here. + +4. I drive to the local branch and request the manager. I tell him that if he has a few moments I have something interesting to show him. I provide my debit card and ask him to pull up my account. He does. I ask him how much is available for immediate withdrawal. He says approximately $220,000. I tell him it isn’t my money and the bulk of that money is in an account that isn’t mine. We stare at each other for a long time. + +5. After he gathered his wits about him he starts making phone calls to escalate the matter. After two hours they still have no explanation and are having difficulty removing the well funded account from my login. Apparently the account belongs to a company with the same user name that I have. Which is *impossible* in their system. The only way they can get the money out of my reach is to destroy my online profile and recreate it with a new user name. I’m led to believe that my account and information has been made accessible to the other company as well. + +6. He starts to fill out lots of forms. He says “This form has a check box I need to ask you about. Based on what I know about you, I assume you are going to the media. Have you done so already or will you?” I say “No I haven’t and yes I will. In addition, when I leave your office my next phone call is to the owner of this account. I assume if I don’t tell him what happened with his money and information, no one else will. I’m going to tell him his bank balance and ask him if he has a good lawyer. I also want you to include in your notes that I’m demanding an affidavit from Bank of America stating that during the time I was granted access to these funds I didn’t take any.” + +7. I was given a case number and informed that I would be contacted by a “special internal group” that has “questions” about the screen shots I took to document the matter. I suppose “questions” is another way of saying “demands that I destroy evidence of the bank’s wrong doings”. So far I’ve heard nothing. + +8. I leave the branch and call the owner of the business whose account I’d been granted access to. Apparently there’s no diplomatic way to start a conversation like this and I’m hung up on twice. The third time I got the owner and blurted out his account balance before he could hang up. Now he’s listening. I explained everything and, long story short, he didn’t seem to be concerned at all about what happened. He has too much faith in the banking system to believe there could be risk. + +I’ll leave it to you to determine the quantity and degree of ways Bank of America breached policy, contract, fiduciary responsibility, protection of privacy and the extent to which the software that manages trillions of dollars may be flawed. I’m pulling out of banks. +I don’t give a fuck and that’s why they never break me. I don’t give a fuck who says what about what, I don’t give a fuck who’s a shill and not a shill, I don’t give a fuck if the price drops and I buy more or goes up and I buy more, I don’t give a fuck about FUD or hedgies or Vlad or kenay and da Mayo boys. That’s why they’ll never break me, because I’m a hard working 40yo relatively poor father of four silverback who invested only what I could afford (used our vacation savings back in feb around 6k) to buy into a company I personally know and love. I’ve read all my own DD, have done all my own research and have determined one thing….no two things, I like the stock and I don’t give a fuck. LFG 🦍🚀🙌💎🌍👩‍🚀🔫👨‍🚀🕹🎮 🛑 +**Analysis** + +[Looking at the chart we see that the price is trading at $0.454. It is seen that price has recently broken the resistance at $0.370 turning it into support. The new resistance is at $0.651. The upward rally started after the formation of morning star pattern which is bullish reversal pattern indicating upward movement. ](https://preview.redd.it/6pjs1hdzh1y41.png?width=1080&format=png&auto=webp&s=4d86c34c5796b2de1d687f32711a29e4d8744a33) + +**DOW THEORY** + +[According to Dow Theory the Coin is currently seen in the accumulation phase it is a phase in which investors \\"in the know\\" are actively buying stock against the general opinion of the market. During this phase, the stock price does not change much because these investors are in the minority demanding stock that the market at large is supplying. This phase is followed by the public participation phase in which public starts actively taking positions and upward rally is seen.](https://preview.redd.it/y19933vei1y41.png?width=1076&format=png&auto=webp&s=df789dda1c4202b4586c8abd51424cc1e4f6de2a) + +**Bollinger Bands** + +[The price was moving between the channels with the upper limit acting as resistance and the lower limit acting as support. It is seen that the channel is expanding and the price has broken the upper limit with positive momentum which indicates rapid increase in price, long position can be taken keeping the upper limit as stop loss.](https://preview.redd.it/spqgzevpi1y41.png?width=1076&format=png&auto=webp&s=fe0edf3d65d2f1872fc3b9b5408a6eb70f4e9bba) + +**Moving Average** + +[Taking 9 period moving \(blue\) averages with 21 period moving averages \(red\). Bullish crossover is seen with price trading above the 9 period moving average so a long position can be taken as long as price trades above the moving average with 9 period moving average acting as a support.](https://preview.redd.it/9vohpsrxi1y41.png?width=1076&format=png&auto=webp&s=9d04b14bcbb36bb1e8945a63cfec5524fd0aa4a0) + +**Conclusion** + +The price is trading at $0.454. The support is at $0.370 and the resistance is at $0.651. The price is expected to enter the public participation phase as indicated by the bollinger bands and the moving averages. Also the formation of the morning star pattern at support confirms the upward price movement. So long positions be taken Keeping stop loss around support. Using Fibonnaci and pivot point the price is expected to reach $0.834. It is suggested to be careful when the price reaches the resistance of $0.651 and look for false breakout. + +P.S. I hope this was a knowledgeable and helpful DD. The purpose of this post is Exclusively for EDUCATIONAL purposes only. (P.S.S. Im holding 4000 @ $0.4411) And ALWAYS remember profit is a profit, don't be greedy:) +**Critiques of Bitcoin in this subreddit are often met with a flurry of highly-upvoted "rebuttals" that are often more logically flawed or incomplete than the critiques themselves.** + +I'm a huge fan of crypto-currencies, but I am also a chronic skeptic. The fervor and emotional nature of the community when Bitcoin prices are high really hinders rational discussion and does a disservice to the currency. + +**High prices do not give Bitcoin any more or less viability.** Humility is a virtue, and in my opinion there are some tough questions that we need to ask ourselves and thoroughly address: + +* What is the benefit to the consumer to adopt Bitcoin if businesses do not offer discounts for use (which it seems many do not)? +* Will merchant or customer adoption grow fast enough to justify the price of Bitcoin? +* Is there a legitimate threat from competing currencies, or future institutionally-backed crypto-currencies? +* Is the lack of any "real value" a threat to Bitcoin. DON'T just dismiss this question that many people are asking by saying that "value is subjective, blah blah." That may be correct, but it doesn't answer the question. People will always accept gold more or less because it is engrained in our psychology. People will accept dollars because they have to pay taxes with them. Why will people always accept Bitcoin? It will only be if you know other people will accept them, but WHAT will lock this into place and what may prevent this from happening? + +**What other difficult questions do people feel have not been adequately addressed?** Let's embrace criticism, address it rationally, and be brutally honest with ourselves. + +EDIT: I'm seeing some great responses and a good discussion. THIS is what I was hoping for. Let's see if we can keep this going. **ASK SOME HARD QUESTIONS.** + +EDIT 2: I regret using the word **"debate"** in the title. **I should have said "discussion."** + +EDIT 3: Thanks a lot for the Gold, whoever that was :) + +EDIT 4: **To the people who say that most of the questions were answered in the early days and that this is a rehash of the same thing:** Many of these questions can't be "answered". You can only make predictions based on what you know. Since the early days, what we know has changed as Bitcoin has seen media attention and continued maturing as a technology. Therefore, revisiting the core questions and asking new ones is a valuable exercise in my opinion. +Struggling with thinking about howuch more .oney I'd have for retirement if I started at 25 instead of 32. I know I can't change anything by thinking about it, but that doesn't help me stop thinking about it. How did you deal with regret? How do you deal with these kinds of emotions? +Looking at buying property in a city that's close to a large town center/community being developed. Current city population is about 250K and about 40 miles to a major metro area in the US. The development will bring about a million square feet of office & retail space, and some 50K new homes/apartments. The "town center" will have shopping/dining areas. + +Is buying an existing/older house close to such a new community (e.g. within a couple miles) a good deal? Will it inevitably result in higher housing prices due to a higher population? What factors should one determine before doing this? +Hello, + +I’ve been looking at single family houses to buy for a long term rental. I’ve put in a few offers on houses that need a fair rehab. (20k-40k). + +I’ve been outbid by others consistently. + +Anything offer that I am comfortable with ends up being way too low. + +I have low cost contractors. I could pay cash but prefer not to. Though I am not working as my own realtor though. + +I saw a house listed at 180k at 100/sqft with a good 40k rehab needed to take it to top dollar. Comps after remodel are 150/sqft. Which would put this house at 265k. + +So I offer $190k and am told they already have offers at $215 to 220k. + +How do investors make this work? How do they buy at $220k with closing costs and put $30-40k in to flip at 265k? Who puts all of that work in just to bring their final cost to market value? + +The ROI on a flip seems very poor, and the cash on cash return as a rental is also very poor. + +How are people making these work as an ongoing business? + +Is it safe to assume there is no good investment to be found on mls? Where do you find them otherwise? + + +Thanks for any input. +Hello, new investor here: + +Bought a property that it tenant occupied. The insurance sent me a letter that I need to do some repairs to the property + have it de-cluttered. Tenant has stuff all over the property big items like non-working vehicle, appliances, random things in general. Random stuff covering windows which doesn’t make it accessible and can be a hazard). +Gave her notice however she hasn’t moved an item. What should I do next? It’s been about a month. +I’m 19 with close to 30k cash saved up, I got my pre-approval letter from the back for an 110k loan 30 year fixed. And the banker set me up with an Realtor/ investor in the same market I want to be in (west Cuyahoga county/far east lorain county(middle class Ohio)). This is also where I live. + +He is legit, we are looking at a couple houses this Saturday for a flip(80-100k) range. I will be doing all the easy repairs such as flooring paint and other little such as I feel comfortable with. It will be my first house and I have no prior experience or knowledge besides YouTube University(lol). So any lessons, advise, pointers game plans, or anything is greatly appreciated. +I want to hear people's thoughts and why you subscribe to a certain belief when it comes to handling repairs. I have a sfh with a 25 year old furnace. It just went out and I could spend 1700 to repair it or 6k to replace it. This unit puts about $500 in my pocket every month but I also have a 21 year old water heater and galvanized pipes so I know these things are coming but I always go back and forth between doing a bandaid or just outright replacing the problem and would love your thoughts. Please dump wisdom on me real estates daddies. + + +Edit: thought I'd share since I just made the call. I'm replacing the water heater and furnace along with some exhaust chimney repairs for 9k on the dot. my tax situation is a little wonky and this rental is operating as sole proprietorship for this tax year so the costs will help me at tax time thankfully as my house holdincome usually leaves me with a tab from uncle sam. I ended up going full replacement because a year ago I got several estimates and the prices had nearly doubled on the water heater. Do any of you get routine quotes to hedge against crazy inflation? Some new regs (unsure if state or fed) are driving costs up so I bit the bullet. With the water heater having not failed per say will I have to take that on the back end as an improvement or since it's so far past it's service life can I treat it as a true repair and take the write off this year? + +I know I should speak to an accountant but like all good accountants mine is 75 years old and asleep by 8pm so Im sure he will email me promptly at 530 am Monday. +A bit of background: I’m 32 with $5m net worth and a $400k salary. Currently I spend about $100k/year and the rest goes to investments and taxes. The vast majority of the net worth came from an IPO windfall, which I don’t expect to be able to replicate. + +Per-windfall, my fatfire goal was around the 5-10m mark, with some unknowns around lifestyle post-marriage & children. Now I’m struggling with the idea that if I just keep working and really live it up, spending my whole salary, my nest egg should double on average every decade. So I could retire now with $5m, or work another decade and retire with $10m at 42 years old. Or $20m at 52 / $40m at 62. Obviously my current lifestyle doesn’t really require a $40m net worth, but some $10m houses on Redfin sure do look nice... + +This is further complicated by the fact that I did try retiring once, pretty unsuccessfully. At first there was lots of travel, then lots of boredom, then ended up starting a startup just to have something to do (the startup was fun but didn’t work out). All in all it lasted about a year and I was so happy to go back to work just to be doing something challenging surrounded by interesting people. Part of me feels like I should have just put more effort into retiring, but another part of me feels like why not just work longer? + +Can we put this up for a quick vote - which would you rather do? +A. Retire at 32 with $5m +B. Retire at 42 with $10m +C. Retire at 52 with $20m +D. Retire at 62 with $40m + +Edit: So far the majority is leaning towards B, a few As, some suggestions of ‘play it by ear’, and surprisingly no votes for C or D. +*The Cryptopians* is one of the first books to take a deep dive into the early history of Ethereum. And when I say "in depth", I'm not kidding: journalist Laura Shin gives an almost daily description of the days of Vitalik Buterin and other developers for the period 2013-2018. + +She interviewed hundreds of people and consulted thousands of documents of all kinds, both on the blockchain and in official reports from the Ethereum Foundation, to paint a picture of this historic crypto moment. + +The book came out last February, I received it in early April, and I just finished reading it. Here is five things I learned! + +**1-Crypto is fundamentally a chaotic universe and full of drama** + +The first months of Ethereum were marked by disputes, dissension, power plays and total chaos. Developers bickered with financiers, financiers bickered with the Ethereum Foundation, the Ethereum Foundation bickered with community members, and community members bickered with each other... Many great people were involved in the project, and their egos often took precedence over the common good. + +The book left me with the impression that chaos was inherent in the crypto world. No project, even the most popular and best built, escapes it. + +**2-Charles Hoskinson, founder of Cardano, is a liar** + +I am absolutely sorry, and this is not a judgment on Cardano's blockchain, but there is no longer any doubt in my mind that Charles Hoskinson is a liar who has taken advantage of his proximity to Vitalik Buterin to build a reputation. He self-proclaimed himself "CEO" of Ethereum, an absurd title, and then spent his days talking about Lamborghinis while smoking cigars while the real developers did all the work. He also made it look like he was a PhD candidate, which is not true: he never got past the undergrad stage. Even worse: when confronted with the evidence by Laura Shin, he refused to admit the truth and continued to lie, Do Kwon style. + +**3-Money makes everyone lose their mind... except Vitalik** + +Initially, despite the bickering, there was generally a good-natured atmosphere in the Ethereum developer community. But when the price of ether started to rise, people started to show their true colors. The DAO hack is a perfect example: the person who executed this attack would have been a hero in the community if he or she had chosen the path of honesty, and he or she would have been rewarded; but the amount of money at stake - in the hundreds of millions of dollars - made him or her lose his or her mind, and the person tried to keep it all to himself or herself. + +Conversely, there is Vitalik Buterin, whose personal fortune is valued in the hundreds of millions of dollars, but who couldn't care less. Imagine what Ethereum would look like if a narcissistic megalomaniac had been at its helm... + +**4-The nerds always win** + +Several times in the early years of Ethereum, the project could have gone very wrong. Multiple "DOS" attacks were launched, financiers wanted to "sell" Ethereum to private companies, jealous developers wanted to convince regulatory authorities that Ethereum was a bad project... + +But at the end of the day, the nerds won. Why did they win? Because they are the only ones who truly understand the full potential of blockchain technology. So they put their heart and soul into it, often at the expense of their personal lives. + +Never bet against the nerds; in an increasingly digital world, they will always win. + +**5-Nobody knows what the future will bring** + +We are all convinced on this sub that crypto will play an important role in the economy of the future. But one thing I took away from my reading is that no one knows what the technology will be used for. + +Vitalik Buterin, for example, never saw non-fungible tokens coming; at least, certainly not that they would be used to sell monkey pictures. If even the inventor of Ethereum couldn't foresee the explosion in popularity of ERC-721, how can we mere mortals claim to know what crypto will look like in five years? + +My takeaway is that you always have to keep an open mind if you want to survive in this universe. We are still in the infancy of crypto, no matter what the no-coiners say, and no one knows what the future holds. I find it exciting! + +I hope this short summary was helpful, and I wish you all a very green weekly candle! +Hi all! + +I just wanted to give a quick tip for those working on paying off debt. A few weeks ago I got a second job to try to help with paying off my debt. What I have done is calculated what I would make each shift and kind of make a count down to motivate myself. + +Here’s my example. I owe 443 on a credit card. I make 14/hr at my second job. After taking out the cost of gas and everything else that gets taken out I get $88 per shift. Now I would only have to pick up 5 shifts to pay off almost the whole credit card! To me this is really motivating because that is doable. + +Now I know this may not be as helpful for bigger debts. I calculated all my debt in shifts and was mortified but the small victory of paying of this credit card is a start! + +I hope this helps someone 😊 +I’m interested in knowing what those who were well off ($3-$10MM+ for examples sake) jumped at investing in after the crash, if anything. Real estate, stocks, private companies, precious metals etc.? + +How long did you wait to invest? + +Did they pay off as hoped? + +And finally, where do you think opportunity will lie come the next crash? +After beginning to file my crypto taxes I realized a couple things. Blockchain technology if it were not to remain anonymous will be the de facto tool to literally watch and record every step any person makes. Every transaction whether its money, text, video, you changing the color of your lightbulb (IOT chain) the RFID Chips in your coke bottle (VEN) will be watched and recorded. Literally everything around you will be on the ledger. + +For example in a near possible future where anonymity does not exist in a blockchain then people will not be able to get away with anything. And failing to comply with the authority will stop you from being able to access certain things +Because everything will be connected. You now see blockchains for almost every industry and or service. + +Say Rick doesn’t pay his taxes or says something anti establishment on the internet. These actions will forever be on the blockchain. It will be undeniable that the person didn’t commit these actions because identities will be given via rfid chips like Walton or though companies like TKY. Then the consequences of these actions will lead into other aspects of life because everything will be interconnected On the blockchain. Certain services will be prohibited to you because you don’t qualify. + +Right now China and other nations are developing a system that rates you based on your social actions. Straight black mirror. You say something bad about the president or jay walk then you get docked points and forfeit certain privileges or worse. + +Blockchain has the potential to bring a whole new system of control never before seen if crypto loses its core value. + +We as community in general are blinded by profits and naive to the fact that the old guard will simply step aside. Instead they will do what they do best. Infiltrate, coercion ,control. Purposefully crash the old system. Controlled chaos. Implement a new system “by the people for the people.” + +DESTROY FROM WITHIN - the inner front strategy +“A war can only really be fought against a enemy who shows himself. By infiltrating your opponents ranks, working from within to bring them down, you give them nothing to see or react against- the ultimate advantage. From within you also learn their weaknesses and open up possibilities of sowing internal dissension. So hide your hostile intentions. To take something you want you do not fight those who have it, but rather join them- then slowly make it your own or wait for the moment to stage a coup d etat. No structure can stand for long when it rots from within.” + +We are in a war for freedom. + +This might sound tin foil but if you look at the big picture this is possible. We are at crossroads. + +Edit: for people wondering why blockchain would or should replace centralized methods already in place from government perspective. My theory: + +Governments want to track every transaction. The reason for this is for your security. (Terrorists, illegal drug transactions, let’s not forget taxes). Cash is not completely traceable. This is why Leaders of China have mentioned cash will eventually be all digital. + +Immutable ledger makes every transaction set in stone. + +Since it is on a ledger it is traceable. + +World accessible blockchain equals = world currency, world government, centralized control. + +Most importantly they have the people’s backing because crypto is anti establishment. Make people think they are winning the war but behind the scenes they are contributing to their demise. + +But this future is not confirmed... yet. + + + +I saw the game [coin hunt World](https://coinhunt.world/) in the ethtrader sub awhile ago but it’s been working for me [$24 BTC, $15 ETH to date!]. They’ve just been giving out BTC & ETH. I think withdrawals are enabled (soon?) and more countries than Canada & USA?? + + +Let me know if it works for you too!! 😄 +Overview: + +Entire team of 15+ team members doxxed and public. (Videos of them in pinned in telegram, check it out!) + +Actual use case DEX/CEX product, NFT marketplace, being launched. Very extensive roadmap. + +Team has over 15+ years of experience building businesses. They have done marketing campaigns over $100m USD. + +Relatively small Marketcap (29m). + +You are early - Project is 7 days old and growing exponentially. <200 reddit members. <2,500 members on telegram. <4,500 holders. + +CreamPYE was built with the idea of creating long term value while giving back to communities worldwide. We want to foster development in the culinary industry by providing donations to institutions who develop jobs for the food industry. + +---------------------------------- + + +Tokenomics: + +1,000,000,000,000,000 Total minted PYE tokens + +Fair Launch – 300 Trillion Team Tokens Burned before launch + +Marketplace Mining Rewards – 100 Trillion Retained in Rewards Wallet for future deployment to PYE Platform users. Rewards will be distributed over a five year timeframe. + +PancakeSwap Initial Pool – 600 Trillion staked with liquidity on PanCakeSwap DEX exchange. + +Current Transaction Fees + +5% of transactions will be distributed to all holders of PYE based upon percentage of holdings + +4.9% of transactions will be put automatically into Liquidity Pool Generation + +0.1% of transactions will go into a dedicated charity wallet to be distributed to our exclusive partner charity only. + +Charity Burn + +Of the extracted BNB: + +60% – Donated to Charity (Charities will be presented and voted upon by the PYE Community) + +20% – Marketing + +20% – Business and Operating Fund + +Of the Extracted PYE Tokens: + +60% – Burned Tokens + +40% – Community Giveaways + + +--------------------------- + +First impression: + +The thing that stuck out to me immediately is the fact that the team posted a full length video introducing the entire team and a strong message from the CEO. + +The video can be viewed here on their twitter: + +https://twitter.com/creampyetoken/status/1382820850416590849?s=20. + +This gives me confidence that at the minimum, this token will be around for the long term. An entire team of experts has been assembled and are ready to push the project. + +----------------------------------------- + +The actual use of Creampye: + +CreamPye is solving an actual problem that developers have. In other words, this is not a shitcoin. + +Mission statement from their website: “A common misconception developers have is the ability to balance what it will take to build a self sustainable ecosystem for a token project to survive long term while generating enough resources to process what it takes to reach its full potential while becoming respected as a leader in their space. + +CreamPYE is built to balance all aspects of its protocol and achieve sustainable long term growth through development of our road map with strategically developed tokenomics and the right team in place from day one.” + +-------------------------------------------- + +Their product also includes: + +Very in depth roadmap, going all the way through 2022. + +The team behind Creampye has much experience in this space and has 15+ years of creating businesses. + +Their website is a team of marketing experts as well, running over $100M marketing campaigns. + +Their roadmap (and I understand these are always subject to change) includes: An NFT marketplace, charity contributions, development of Pyeswap exchange, a creampye app, integration with e-commerce stores, and partnerships with artists for the NFT marketplace. + +The Excellent Timing You are currently very early to this project. It is only 6 days old. + +There are less than 3k existing holders, fewer than 200 members in the reddit, and less than 2k members in the telegram. + +With a market cap of 29m, this token has a lot of room to run. + +It has not even been listed on Coingecko or CoinMarketCap yet (Submitted and pending). + +Also, did I mention their very experienced marketing team? Because they have stated that their marketing campaigns are starting today. + +In Conclusion Truth be told, the only way to make 100x returns in crypto is to get in early.. + +No one believed in bitcoin when it was $50, no one believed in Gamestop when it was only $.50. You must enter early if you want the true "moon". And for all those who are concerned, you are still very early (the token is only 6 days old and has a very healthy chart). The marketing campaign begins today. + +At the minimum, the transparency and experience of the team, the tokenomics, and the real use-case of this coin make it a great long term hold. + +------------------------------- + + +-Website: https://www.creampye.com + +-Telegram Group: https://t.me/creampyetoken + +-Twitter: https://twitter.com/creampyetoken + +-Instagram: https://instagram.com/creampyetoken + +-Reddit: /r/CreamPYE/ + +-Poocoin: https://poocoin.app/tokens/0xaad87f47cdea777faf87e7602e91e3a6afbe4d57 + +-------------- + +How to buy: + +-Pancakeswap: https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xaad87f47cdea777faf87e7602e91e3a6afbe4d57 + +------------------------------- + + +3 MAJOR MARKETING HIGHLIGHTS: + +CRYPTIC, HEAD OF MARKETING, LITERALLY JUST LAUNCHED AN AD CAMPAIGN IN THE VIDEO. + +EVIDENCE OF COLLABORATION/SPONSORSHIP FOR SPORTS TEAM ON THE TASK BOARD + +BEST TIK TOK VIDEO HITTING SOMEONE WITH A CREAMPYE WINS THE 1 OF 1 CREAMPYE NFT. + +0xAaD87f47CDEa777FAF87e7602E91e3a6AFbe4D57 +After my last post, I had multiple people asking if I could take a deeper look into the renewable energy industry. Since I’m also very interested and I feel it will become a very important sector, I took the time to review it. First of all, let me explain why investing now is a good time. + +When you look at manufacturers, the biggest market cap is not even $5 billion. There is so much room for growth and there’s also a lot of competition. When you can point your finger at the best company, it might be the homerun for your portfolio in 10-15 years. Even if you don’t hit the right one, it’s still gonna be ok since the industry is only growing. To be clear, I only looked at manufacturers, not distributors. You won’t see any companies like NEE, DUK, BEP, etc. + +Secondly, you all know Trump doesn’t believe in environmentally issues, renewable energy and that sort of stuff. With elections coming up, investments might stay the same or they might go up drastically when the democrats win. Either way, the sector will continue to grow and you can’t really go bad with investing in it. + +Last argument, I feel like a lot of people don’t know the importance of solar energy yet. It goes beyond the industry, as it gets implemented more and more by other industries. It’s already a big item for giants like Google, Microsoft, Amazon,… to keep their cloud servers running for example. + +— — — — — — — — — — + +In this post, I will focus on solar energy the most, as it is the biggest and most important part of renewable energy. Based on market cap from the solar industry, we have 3 leaders and 7 others on a significant distance, but still able to get to the top for the next 5-10 years. From that top 10, RUN, SPWR and VSLR fall off based on financials. + +**ENPH** +Market leader on micro-inverters (the things that convert solar charge into electricity). Even their inverters get used by big competitors like SPWR. Investing more and more into energy storage. It’s focussing on the private market, which might be a short term problem, but their inverters are definitely their big win. Not only do they receive revenue from their own installations, but they have other companies using their products as well when installing other products, making ENPH techniques present in an enormous amount of solar installations. The financials are great, they have a decent amount of cash to get investing and they’re only profitable since last year, giving them a lot of room to grow. They’re bound to get number one position in solar tech and they didn’t even launch their best technology yet. + +**SEDG** +Great financials as well. Assets over double amount of liabilities, almost no long term debt and enough cash to get growing. Very big growth on revenue. They were planning to even double their production in 2020 and release some new products, but that’s gonna be delayed a bit. They are working with TSLA on batteries and charging stations. It all looks very positive, although I have to point out some people are calling SEDG ‘yesterday’s solution’. It might be up and keep growing a lot, but if you want the best 10 year investment, you should stick with ENPH. + +**FSLR** +Very inconsistent income, but a great balance sheet. Assets 3 times liabilities and loads of cash to get investing into the future. Their profit margins are pretty small though, in comparison to the industry. FSLR is the only company that works with utility companies to provide energy. To draw you a simple picture: if you get electric energy at home, it’s been delivered by utility companies and the energy itself is mostly created by FSLR. Over the past few years, utilities are losing market share because people are buying and setting up their own energy installations at home. Therefore utilities, and by extension FSLR, are losing market share. Because of the crisis, people will be less likely to install their own installations as unemployment numbers are rising. FSLR could be the better short term bet, but it’s hard to predict when it will turn around again and they will definitely lose long term. + +**JKS** +Very innovative techniques, one of the most efficient solar panels on the market. Therefore gaining a lot of advantage on their competitors, or ‘moat’ by Warren Buffett terms. If you feel like solar panels are the most important part of the industry, I would definitely suggest looking into JinkoSolar. They have a lot of cash to get investing, low on long term debt and I see them coming the closest to top 3 in the future. + +**CSIQ** +Looking for value, then this is the one. PEG ratio of only 0.19, the industrial average is 0.68. Have to point out as well that their growth rate isn’t that great and you might wait a long long time to get the gains going on this one. They also have a lawsuit running against them, claiming to steal Solaria’s patented module technology. + +**NOVA** +They might get hit hard by covid-19. Sunnova is a pretty young company, full on investing and expanding, thus having low cash reserves. They might need to be backed by bailout money, putting them even further behind the top 5 solar companies. When they get back in 1-2 years, I feel like the other companies will have too much of a head start. + +**AZRE** +They have experienced almost no impact from covid-19 as an Indian based company. Their projects have not been impacted and the plants are running full force. However there has been significant reduction in demand and they’ve been seeing delayed payments from customers. It operates like First Solar, selling energy to government utilities. Big profit margins as well, so they might get out of this crisis easily. That’s also the main reason why the stock didn’t drop that much. Growth will be limited, but a stable investment. + +— — — — — — — — — — + +Next, I’m gonna mention some other renewable energy resources. I took one of the best companies per industry as an example, but I’m not gonna go through those resources more deeply as I don’t believe in them. + +**VWDRY** +The wind energy industry is more inconsistent than solar energy, therefore not the most favorable kind of resource to invest in. It also doesn’t have real potential to expand to private use, but whoever wants to invest in it, I suggest VWDRY. It is the biggest company in the world in terms of wind power. Apart from having the most and biggest wind farms, they also offer their maintenance and knowledge to help optimizing other wind farm locations. Vestas also just signed a great contract with a Danish energy company for delivery in the upcoming next years. They have a lot of cash ready to invest and they also have decent value, so you can’t really go wrong with them. + +**REGI** +REGI produces and sells biofuels and renewable chemicals. It produces biomass-based diesel, using corn oil, used cooking oil and inedible animal fat amongst other things. The company might be in bad weather, as they are low on cash. They are operating in an investment needing industry, so it’s definitely not the right moment for a financial crisis like this. + +As you can see, I didn’t include nuclear energy companies. Nuclear energy is a green energy solution and definitely isn’t bad. However it’s not growing like solar and wind because it has a lot of negative feedback and image. There is more waste, it’s more expensive and therefore also less investments. It’s easy math, the more volume, the lower price. No one is investing in nuclear, so pricing can’t compete with other resources. + +— — — — — — — — — — + +For me, this research was surprising. I was expecting to find more small companies with breaking innovative techniques, but it seems like the ones at the top are predicted to stay there and increase distance. If anyone has some valuable information on small companies, definitely share them in this thread. + +To conclude, ENPH and SEDG are without a doubt the best investments right now. Depending on your timeline, you might want to sell SEDG in 5-10 years, while keeping ENPH for a lifetime. JKS is the higher risk, higher reward kinda bet here, with still decent coverage of risk. + +There are of course way more other renewable energy resources, but I don’t know enough about them. If I would start researching them, I might be working like a professional broker/investor and I decided that I’ve put enough energy into stock research the past weeks. Right now, I’m gonna enjoy the weather, work a bit in the garden and passively buy some shares this week with all that info I’ve gathered over the past few months. +I feel I need to post this to deflate my ego. I lost some money on the hype of GME/AMC and humbly cashed out after reading a post on here saying to cut loses and move onto the next possible money maker. + +I immediately started researching and better educating myself on options trading, which is how I ended up here. I'm taking the time to learn different strategies and WHY those strategies are implemented on certain stock trends. Learning the "Greeks". I'm trying to learn as much of the fundamentals as possible so I don't make the mistake of the above mentioned ever again. + +I've checked out the sidebar and FAQ, which has a lot of great information for beginners such as myself. I feel like a sponge and want to learn as much as possible. Thus, if anyone has links, informative websites, or just personal experience they recommend for a new trader, I would greatly appreciate the opportunity to learn. + +I have a portfolio on E-Trade with $3500 to start (10% of my liquid portfolio, -5% lost on FOMO GME/AMC). I have long investments <250k that is managed through a financial advisor. Thus, I'm not learning options trading with money I absolutely need for Daily needs. My goal is to breakeven, or make 10% in my first year while learning the fundamentals. I hope this is a reasonable goal to obtain?. + +I guess what I'm getting at is, I appreciate people in this sub taking the time to help educate new traders. Thank you once again, and I'm truly appreciative of the seasoned veterans taking the time to help out the new guy! + + + +Edit: Wow!! Thank you to all the strangers that gifted awards and took the time to write such detailed and helpful comments. I think I just found the community I want to be a part of and help grow with. Its such a breath of fresh air in here! +A lot of people reply with comments indicating that a therapist is a MUST, especially as they get near fatfire. What were some key insights that helped you discover the ones that clicked vs didn't? Was it just spending more time with them? + +&#x200B; + +I'm seeing a very clear path to fatfire within a few years w/o even accounting for my SO's assets / income. Part of me knows that if I don't stop then, I likely never will and I'd like to be ok not working. I get a bit of anxiety whenever I think about stopping and it's not comfortable talking to anyone about it as my friends are at a different point than I am. I've tried steps like finding hobbies outside of work, volunteering, and maintaining a strong social life, but in the back of my mind the wheels are always turning and I'm thinking about work. I def need help and like everything else in my life, I can't help but want to optimize the process of finding a therapist. +Today, I woke up and my car was gone from my apartment complex parking lot. There's no cameras indicating who stole the car. In there, I had TWO CAR SEATS. One for an infant and another for a child. I also had a double stroller in there. (these were all gifted to us). + +Someone stole my car that has part of the side ripped off. No gas in the car, no A/C for our 100+ degree weather. The check engine light is on. And the tires either need to be replaced or pumped more of air only to lose more. This car has over 200k miles on it. And it's from 2010. + +This a**hole decided to steal from my family. We are a poverty stricken family (despite me having a bachelor's degree) with all four of us in a one bedroom apartment living in 735 Sq ft. We have been on food stamps and WIC while I was working. Then I lost my job back in March (wasn't able to receive unemployment due to not working in the state/job for very long), and now receive Welfare or TANF. I was also very pregnant and still looked for other jobs while waiting to give birth to my little one. + +Lo and behold, no one hired me. And now it's been 6 weeks after little one was born and I have a second interview with a great company next week to hopefully get my family out of our situation. + +My husband also has been looking for jobs, and no one has even taken the time to interview him. So he's been doing odd jobs to keep us afloat. We don't even know how we are going to pay for rent for July as we've already used rental assistance from a church in June. + +To the asshole who stole our car, I hope you get what you deserve. I'm tired of poverty. This criminal peice of shit human stole from a family that's not making it in our current state. F*ck you. +You will be given 100 Bitcoin and 100 Ethereum, but in return you will be put to sleep for 5 years. Would you accept that? (When you wake up, Bitcoin will be worth 300K and Ethereum 65K) + +Even though I know I would probably say yes, the possibility that something bad might happen to my acquaintances while I'm asleep and not being unable to help them would have left me in doubt, but the idea of ​​starting a new life as a rich man 5 years later would really appeal to me + +I'm really curious about people's answers on this question +My current job I have been at for almost 6 years and I make between $90k-$150k+ depending on how busy we are but mostly around $100k. It's a higher stress environment than most jobs. It's in the HVAC/Plumbing trade. I'm a journeyman working 50-60 hours a week doing labor intensive work with typical asshole scummy bosses. They love me and do treat me better than most of the guys but that's because I'm young and produce. Most of the older guys are burnt out and get treated poorly for not producing as much. A former coworker left this job a year ago to go to a new job and now he's offering me a position at the new job as well. The new job pays $80k to start and goes up to $100k after a few years. It's a building maintenance position. Basically fixing small leaks and such while contracting out bigger jobs within the one building. I wouldn't have to drive all over the place to new job sites like my current job, I'd just drive to this one office building. It would be just me and that one former coworker who I am friends with out of work still. Low stress, though lower pay. Is it worth taking a pay cut to be less stressed and less hard worked? I live well within my needs so I don't necessarily need the extra money. + + +So I'll break it down here: + + +Current job: +$90k-$150k + +50-60 hours a week +10 days paid off +High stress environment + + +Potential new job: +$80k start, $100k after a few years. + +40 hours with maybe 1 or 2 Saturdays a year +14 days paid off +Low stress environment + + + +I have a 3 year old son, a wife and we are planning for a second child soon so I'd love to spend more time at home. Money wise she makes $70k a year (which will be $100k in a few years) and we spend less than half of our take home pay a month on all our expenses. So money wise it's not the biggest deal to make a little less. Especially if I'm not burning myself out mentally and physically. So what are your opinions on my situation? +I find it funny how everyone, here and on tv, all of a sudden have become amazing market timers. They all know when we are crashing or that we have not bottomed yet because we have not seen real panic. Then there is the other consensus of a recession in 2020. + +When was the last time everyone saw a crash coming? Answer: never. + +So that more than anything else means it's not now or in 2020. It will be when almost nobody is calling for it and one day we wake up to a catalyst that causes a massive move down. + +Then a couple years later everyone will again start becoming experts on timing next recession. +That’s my opinion, and it’s just that an opinion. It makes no sense how some of these were sold for 6 figures, sometimes even 7 figures+. The general public looks at this as a scam which some are. The public also reads headlines, and doesn’t look behind the curtain. I’m happy I’m early to something that is going to be huge. Buy, hold, drs, and take care of yourselves. +Looks like fidelity is transferring $GME to computershare superfast while most other brokers are using delay tactics, which makes me wonder. Is it that most other brokers don't have actual shares and scrambling to buy when apes request DRS, while Fidelity readily has shares available? +GST on ALL overseas purchases starts tomorrow. + +So, that means that if you buy different products of less than $1000 during the year with a combined value of $5400 you will end up paying $540 in GST that you didn't pay before (GST is 10%). But don't feel bad for paying more in GST, because this country is giving tax cuts of "up to" $530 this year. +The amount pre approved for, interest rates and monthly repayments were told to me over the phone but the lending manager could not provide these numbers via email not sure if this is normal or a ref flag +I'm a 33 year old woman who has never made over 50k a year. I worked in aged care and disability for 10 years and became extremely burnt out during the pandemic so I left the industry to try my hand at other jobs. I just started a reception/admin role for 43k as I thought I'd use it for the experience and move on to something better. + +I desperately want something better for myself and family but I have no idea where to start, I want something stable and pays decently. I actually enjoy admin and wouldn't mind something along those lines. What career progression opportunities are there for admin assistants? + +Or if you guys have any other suggestions, I'd truly appreciate! +Hi All, + +Looking for some career advice, specifically for the Australian market. I find more specific sub-reddits can't give a good picture of the local job market. + +I currently work for an ASX 50 company as a corporate accountant. Looking to try upskill myself into Data Analytics as this seems to be the in thing lately and have been told there is a shortage of suitable candidates. + +Was looking at learning Python but unsure if I should self teach or do a formal course at uni. + +Anyone here in the industry and can comment best ways to get in? Also what is work life balance like? + +Thanks, +Please use this thread to have discussions which you don't feel warrant a new post to the sub. While the Rules for posting questions on the basics of personal finance/investing topics are relaxed a little bit here, the rules against memes/spam/self-promotion/excessive rudeness/politics still apply! + +Have a look at the [FAQ](https://www.reddit.com/r/financialindependence/wiki/faq) for this subreddit before posting to see if your question is frequently asked. + +Since this post does tend to get busy, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts. +There have been numerous thefts on Blockchain.com (previously Blockchain.info) wallet. Hundreds or even thousands of customers have lost millions worth of Bitcoins and other cryptocurrencies. + +The most recent reason for these thefts is 2FA malfunction. Most victims have stated that right before the theft, either 2FA email has been changed or 2FA completely disabled, after which all funds have been moved out. + +[https://honestproscons.com/blockchain-com-is-losing-customers-funds](https://honestproscons.com/blockchain-com-is-losing-customers-funds) + +There’s a known 2FA security flaw on Blockchain.com that allows a hacker to disable 2FA without needing to authenticate with 2FA first. This allows the hacker to login to the wallet with just Wallet ID and password. + +[https://docs.google.com/presentation/d/1B7Edd-fj3wSegL2\_JMwKBglPzk3pBG9DUVLuz3HPP-w/edit#slide=id.g848d967a91\_0\_21](https://docs.google.com/presentation/d/1B7Edd-fj3wSegL2_JMwKBglPzk3pBG9DUVLuz3HPP-w/edit#slide=id.g848d967a91_0_21) + +Even though Blockchain.com has been aware of this flaw since 2019, it still has not been fixed. This flaw is likely the reason for multiple hacks, though there may be other security flaws in the Blockchain.com wallet. The involvement of Blockchain.com staff or a data leak cannot be ruled out either. + +As of now, Blockchain.com is unwilling to accept responsibility or admit that their system has any security flaws. Instead, Blockchain.com is threatening people who have exposed these flaws with legal actions. Here's the example of such a letter and further correspondence with their lawyers: + +[https://blockchaindotcomsucks.com/legal-stuff](https://blockchaindotcomsucks.com/legal-stuff) + +Blockchain.com has also been unable to provide any reasonable support to its customers and has offered absolutely no aid to the victims of the theft. As a result of this, on TrustPilot, 60% of reviews are negative 1-star reviews. + +[https://www.trustpilot.com/review/blockchain.com?stars=1](https://www.trustpilot.com/review/blockchain.com?stars=1) + +We strongly advise everyone to stop using Blockchain.com wallet and their other services due to the extremely low security they provide and the high risk of theft on their platform. + +[https://isblockchainascam.com](https://isblockchainascam.com/) +There has been contention in recent weeks between users, supporters of, and developers of the Binance Smart Chain and decentralized blockchains like Ethereum. + +Proponents of decentralization aren't happy that CZ and Binance dishonestly promote their network as decentralized and 'DeFi', with a number of rumors about just how many of BSC's 21 nodes are operated by Binance (some say 11, others have said all 21, some say just a few). + +After CZ has started bashing Ethereum and artificially infalted ETH gas fees by making all withdrawals pay 10-30% more than ETH gas station's 'highest' rate, it appears that proponents of decentralization have struck back. + +They've launched a DeFi/farming app on BSC about the Tiananmen Square massacre, presumably to force CZ to remove it and end BSC's charade as a 'decentralized' blockchain. + +Here is the smart contract address: https://bscscan.com/token/0xb79c9c73e8c7b4be7244e697e6bdb9f511208e9c + +This is an interresting test of a 'decentralized' system to see whether Binance removes the smart contract or risks getting on the bad side of the Chinese government. I'm curious to see how BSC reacts and if they try to retaliate somehow. +This is a list of the top 20 companies that experienced the largest change in insider shares in the last seven (7) days. +The SEC defines an insider as any officer, director or 10% shareholder. It is not illegal for these people to buy or sell their own shares. +In fact, since most of them get paid in stock options, it is expected. However, it is illegal for them to trade on inside information +that has not been made public. So for example if there are drug trial results that are bad and not public, +insiders cannot dump shares. That said, many people have observed that insiders - in general - seem to have a good +track record at timing their purchases. All trades that are marked as part of a 10b5 plan are NOT excluded from this report. + +## Largest Insider Buying (Last 7 Days) +Company|Count|Shares Changed|Avg. Price|Value Change +--------|-----:|-----:|-----:|--------: +[FATE / Fate Therapeutics, Inc.](https://fintel.io/n/us/fate)|1|3,703,704|14|50,000,004 +[KMR / Kinder Morgan, Inc.](https://fintel.io/n/us/kmr)|1|500,000|18|8,776,500 +[YMAB / Y-mAbs Therapeutics, Inc.](https://fintel.io/n/us/ymab)|3|461,424|16|7,382,784 +[SIC / Select Interior Concepts, Inc.](https://fintel.io/n/us/sic)|1|500,000|10|5,100,000 +[MTEM / Molecular Templates, Inc.](https://fintel.io/n/us/mtem)|1|545,454|6|2,999,997 +[na / Golub Capital Investment Corp](https://fintel.io/n/us/na)|1|127,608|15|1,914,123 +[FMAO / Farmers &amp; Merchants Bancorp Inc.](https://fintel.io/n/us/fmao)|3|2,400|690|1,656,000 +[HY / Hyster-Yale Materials Handling, Inc.](https://fintel.io/n/us/hy)|528|22,386|64|1,418,891 +[LGF / LIONS GATE ENTERTAINMENT CORP /CN/](https://fintel.io/n/us/lgf)|1|50,000|20|1,021,500 +[REV / Revlon, Inc.](https://fintel.io/n/us/rev)|1|35,000|22|752,374 +[PAGP / Plains GP Holdings LP](https://fintel.io/n/us/pagp)|1|25,000|23|584,998 +[CHKE / Cherokee, Inc.](https://fintel.io/n/us/chke)|1|716,904|1|530,509 +[ODT / Odonate Therapeutics, Inc.](https://fintel.io/n/us/odt)|2|20,000|19|387,141 +[ARDC / Ares Dynamic Credit Allocation Fund, Inc.](https://fintel.io/n/us/ardc)|2|23,720|16|369,269 +[NEOG / Neogen Corp.](https://fintel.io/n/us/neog)|2|4,800|73|353,079 +[IQI / Invesco Quality Municipal Income Trust](https://fintel.io/n/us/iqi)|2|29,750|12|345,551 +[SPKE / Spark Energy, Inc.](https://fintel.io/n/us/spke)|2|40,194|8|325,196 +[APOG / Apogee Enterprises, Inc.](https://fintel.io/n/us/apog)|1|5,000|42|207,600 +[UEPS / Net 1 UEPS Technologies, Inc.](https://fintel.io/n/us/ueps)|2|22,637|8|174,343 +[AFIN / American Finance Trust, Inc. Class A](https://fintel.io/n/us/afin)|2|9,986|15|150,551 + +## Largest Insider Selling (Last 7 Days) +Company|Count|Shares Change|Avg. Price|Value Change +--------|-----:|-----:|-----:|--------: +[WMT / Walmart, Inc.](https://fintel.io/n/us/wmt)|13|-6,038,999|95|-571,454,277 +[SKY / Skyline Corp.](https://fintel.io/n/us/sky)|12|-11,378,679|28|-318,046,623 +[LPI / Laredo Petroleum, Inc.](https://fintel.io/n/us/lpi)|3|-36,900,000|8|-298,152,000 +[CNXM / CNX Midstream Partners LP](https://fintel.io/n/us/cnxm)|2|-14,217,198|18|-252,355,265 +[VRTV / Veritiv Corporation](https://fintel.io/n/us/vrtv)|2|-3,000,000|41|-124,200,000 +[AZO / AutoZone, Inc.](https://fintel.io/n/us/azo)|23|-42,600|780|-33,160,946 +[LLY / Eli Lilly &amp; Co.](https://fintel.io/n/us/lly)|4|-282,447|107|-30,139,182 +[RP / RealPage, Inc.](https://fintel.io/n/us/rp)|6|-400,000|64|-25,851,849 +[TRXC / TransEnterix, Inc.](https://fintel.io/n/us/trxc)|4|-3,619,573|6|-22,752,164 +[DRI / Darden Restaurants, Inc.](https://fintel.io/n/us/dri)|1|-60,688|113|-6,835,162 +[ROKU / Roku Inc](https://fintel.io/n/us/roku)|3|-82,811|73|-6,015,366 +[VKTX / Viking Therapeutics, Inc.](https://fintel.io/n/us/vktx)|1|-262,881|19|-5,034,250 +[WWE / World Wrestling Entertainment, Inc.](https://fintel.io/n/us/wwe)|1|-50,000|96|-4,811,000 +[NSW / International Seaways, Inc.](https://fintel.io/n/us/nsw)|15|-162,455|20|-3,325,527 +[TDOC / Teladoc, Inc.](https://fintel.io/n/us/tdoc)|3|-35,000|80|-2,814,550 +[AMRN / Amarin Corp. Plc](https://fintel.io/n/us/amrn)|2|-200,000|14|-2,700,000 +[AYX / Alteryx Inc.](https://fintel.io/n/us/ayx)|4|-40,000|61|-2,461,430 +[KTN / Structured Products CorTS, Aon Capital A, 8.205% Certificates](https://fintel.io/n/us/ktn)|1|-23,155|98|-2,267,847 +[NXST / Nexstar Broadcasting Group, Inc.](https://fintel.io/n/us/nxst)|2|-25,000|83|-2,076,676 +[CURO / CURO Group Holdings Corp.](https://fintel.io/n/us/curo)|2|-56,844|31|-1,792,405 + +*Count* column is number of transactions. + +Source: [Fintel.io/insiders](https://fintel.io/insiders) +This feels like a scam, and I can't convince her otherwise. + +What should I look out for you safeguard us just in case this spark of romance turns into a forest fire. + +The amount in question is 50,000-100,000 +Just a happy little vent. With the extra money my boyfriend and I were able to get a little something nice for ourselves on my off day yesterday and we still have the money I found the other day to keep in my change jar just in case something comes up +It has been 1 year now since fully adopting the FI mindset. I've always been somewhat frugal, but this year I took my expenses very seriously, often deciding to forgo altogether. I did all I could to cut large expenses and tried to convince my GF to see the value in cutting some of her large expenses. The result: ~65% savings rate... meaning we could potentially retire in ~10 years. + +**My situation:** + +- 24 and living with my GF + +- I earn $66k per year and work remotely + +- GF earns $62k per year and works in office + +- Our combined expenses last year were $37k + +- $20k combined NW (-60k in student loans and 80k in investments) + +- Savings rate is ~65% after taxes + +**What I've learned (in no particular order):** + +**1.) Size of house/apartment matters a lot!** I feel fortunate to have realized this early in life. Smaller spaces come with many benefits. They are cheaper. They cost less to maintain and heat. There is less space for "stuff", which increases your rationalizing ability when contemplating an unnecessary purchases. We rent an 800 sqft apartment at $1000 a month ($500 each), saving ~$700 per month compared to peers in the area. And when we were looking at houses to buy, it's amazing what great deals exist if you are willing to buy in the 500 - 750sqft range. We see houses in good areas at $85k, with PITI costs of $500 a month. The way I see it, you can buy a shed for $3k, and throw your extra crap in there. My parents in NJ pay $900 a month in property tax and insurance alone (and that's excluding maintenance on a 1800sqft house). Completely unnecessary. + +**2.) Sharing a car isn't bad!** Made the decision to get rid of one car this year, saving me $720 a year in car insurance. Throughout the whole year, only about 2 or 3 times where I really wanted a car. As it turns out, most places I go, I go with my GF. And when I want to go out the the casino (I am a poker player), she's already home from work, no longer needing the car. Uber ride 3 times a year if needed is much cheaper. + +**3.) Cooking your own food!** I know everyone says you gotta stop eating out, but this is so true. I started making meal preps on Sundays. One of my favorites being broccoli, quinoa, and chicken (make 10 of them - provides lunch for both of us during the work week), and this is what really helped me stop eating out. Having one meal planned in advance makes figuring out the dinner meal not so daunting. + +**4.) Camp on your vacations!** First time camping this year, and it was a blast. I found that sleeping underneath the stars for $20 a night is a great way to avoid the disappointment of a $100 hotel that you only use for 8 hours of sleep. We bought a $30 queen air mattress to make this sufficiently comfortable. + +**5.) Limit yourself to 1 or 2 drinks at a bar!** Social obligations may require you to go out sometimes, but you don't need to rack up a $50 tab and hangover to have fun. + +**6.) Schedule your week in advance!** I get ready for work / work from 7AM - 6PM most days. I started scheduling 6-7, 7-8, 8-9, and 9-10PM with activities, and I find myself more productive and less prone to boredom. I often spend unnecessary money when I'm bored, so this has helped me out tremendously. It also has helped me achieve things I've been meaning to do for years. When you block off an hour to work on business, read a book, or sign up for weekend volunteering (or whatever you do), it's amazing how much quicker things get done. + +**7.) Embrace your inexpensive hobbies!** On the hippy side of the spectrum, I've done much more hiking, exercising, growing plants, borrowing library books, and cooking. I've also been recording more music, working with wood, attending free local events / meetups, and volunteering in house construction. Compared to last year, I would've done much more expensive things like jet-ski rentals, ATV riding, local dinner cruises, and traveling across the ocean just to partake in some poorly researched agenda involving tourist traps and expensive food. + +**8.) Track your expenses!** You may think you spend $X in $Y category, but you don't know until you see it for yourself. After a year, you'll start seeing how one-time expenses affect what you thought you spend (most of us underestimate our expenses). I do an expense reconciliation once a month. For fun, I also calculate how much progress I made towards retirement (usually 0.5% - 1%) per month. + +I know this post may come off as overly frugal, but I did experience luxury in many other ways. Here are some of the things I've accumulated: $800 king sized mattress, $300 worth of music recording equipment, $900 of domestic flights, $900 laptop, $500 squat rack with weights and bench, $500 worth of clothes, $800 of dining out (looking to cut this next year), and there is a lot more when you consider $10 - $100 purchases not worth mentioning. + +My main takeaway from the year is that resisting temptation to spend has provided me with great sense of freedom and hope for my future. Many services and items that I used to purchase had a low (value added) / ($ spent ratio). I felt disappointed with almost every purchase I made, always thinking "yeah, it's ok, but not worth the money". + +This year, my investment account provided me with $5k in returns, and I've only been contributing to it for 2 years now. Can feel the snowball starting to grow and it's exciting! Granted, student loans are still a large burden on life, but they're gonna be gone in two years. + +I would love to hear any other tips the community has for making progress in FIRE, without disproportionately sacrificing quality of life. +I'm not even certain I am able to post on here yet but I'm gonna try anyways. I jumped headfirst into GME in late February, and have learned many things along the way, it's beyond astounding to me all the events that have transpired surrounding GME and the markets within the last 10 months. It's mind boggling to say the least. And all of you, oh you beautiful fucking apes. Back in February I was unsure if i was going to be able to trust a bunch of retards (me included) to diamond hand alongside me, but look how fucking far we have come, and the mountains we have already climbed. I love you all. + +Enough of the off topic ranting, I wanted to say that I've been watching the DRS/CS stuff happening from the sidelines. I was first aware of it way back as it was alluded to a few times, but it didn't really catch much traction until the last month or so, and to me it felt a bit rushed at the time, so I patiently watched and did my research from the sidelines, as I was quite skeptical to say the least about DRS and the entire process. + +I come to you apes in confidence today to tell you that i initiated my first 2 shares to ComputerShare from fidelity, and once i get the account fully registered and set up, will be moving about 80 percent of my xx shares to do my part to help lock up the float. I plan to buy all future shares of GME going forward through CS. Fuck the DTC, fuck you Kenny, and most importantly, + +BUY. DRS. HODL + +\*Edit I just wanted to say thank you for the awards! I made this post in the hope that people like me who were feeling a bit skeptical would get to making that last step to DRS their shares. I'm 100 percent convinced this is the way. If you want to take full control of your shares, and stop them from being fucked with by corrupt entities, this is what you should do. + +\*not financial advice\* + +&#x200B; +I came back home for the Christmas break, and without telling me, my Mum has changed internet plan to a 30GB limit one. She also didn't pay attention to the warning emails she was sent. + +Both my brother and I (also back just for christmas) use our computers/phones a lot, stream lots of video and have used 192GB in December. BT is charging us £2.20 per GB over the 30GB limit, amounting to around £350 in December. + +This seems like a ridiculous amount per GB considering it costs them practically nothing for us to use this data. I know that they will tell us that they provided us with sufficient information to avoid this, but is there anything that I might be able to do to reduce this? I don't know much about UK consumer rights, if there is any sort of legal limit on how much extra they can bill us? Is there anything we can do? +I have a portfolio with about a 100k value and all the stocks I own are in groups of 100 shares. I am interested in options and I am in my late 20s. I have a good amount of free time. Would it be worth dedicating 15-20 hours per week for the next 3 years to really learn how to trade options? I am not unrealistic I don’t expect 10% per month or anything like that. But for an experienced options trades what is a realistic annual return? 15% 20% I would appreciate any input. Thank you +Im in my early 30’s with a inheritance ira that has around 30k in it. Every year i have been taking out about $650 in rmds, and im wondering what you would do in this scenario? + +1.) Should I go after dividends or growth? Meaning is it better to go after index funds like vtsax or invest a portion into T, vz, etc? + +2.) Heres one strategy I have or what would you suggest? + +A.) Put 10k into VTSAX +B.) Split 18k between T, VYM, VYMI, QYLD, VDIGX (my goal would be to get about $100/month in dividends). +C.) Put the rest in vanguard index total bonds + +Are there any flaws with this or improvements to be made? Or should i just bypass dividends at this point and just invest in the indexes? Its not like i need the $100 income, i just like the fact the money would get about a 6-7% yield because as of now my vtsax (i put about 4k in, has plummeted or barely grew since January). +TL;DR: + +Steel producers are on a bullrun thanks to record-high global steel pricing; some think its a transient blip due to supply-chain strictures post-COVID, but global demand and the steel industry look **remarkably different** from past industry-wide downturns. + +[**Ternium (TX)**](https://us.ternium.com/en) looks to be one of the best values in steel right now. + +&#x200B; + +1. Nucor (NUE) is the [2nd most profitable](https://www.macrotrends.net/stocks/charts/NUE/nucor/eps-earnings-per-share-diluted) steel company in the Americas, and so far is the **best performing stock (+96%) in the S&P500 this year.** +2. **Ternium (TX),** the darling of this post, takes the cake for [**most profitable**](https://www.macrotrends.net/stocks/charts/TX/ternium-sa/eps-earnings-per-share-diluted) steel company in the Americas, pays a $2.10 annual dividend (5.5% yield) and trades at a **5.7 trailing P/E ratio to Nucor's 18+.** + +# Steel prices are likely to remain elevated due to: + +&#x200B; + +* **industry consolidation and deliberate production limits** by existing players (expanded on later) +* **Increased consumption** in grid and rail overhauls, elevated vehicle demand, and infrastructure plans passed as non-inflationary stimulus tactics post-COVID. +* **Decreases in Chinese steel exports** which have already begun due to the [tightening of pollution controls](https://www.reuters.com/article/us-china-pollution-tangshan/chinas-top-steelmaking-city-tangshan-tightens-pollution-controls-idUSKCN1VX1DS) and [removal of tax rebates](https://www.spglobal.com/platts/en/market-insights/latest-news/metals/042821-china-removes-vat-rebate-on-steel-exports-cuts-tax-on-raw-material-imports-to-zero) for exports + * This point is **HUGE.** China accounts for more than **50% of global steel production -** They have been suppressing global steel prices via glutting supply for the last 12 years, made possible by their notoriously relaxed environmental laws and substantial tax rebates for exported steel products. + * However, Chinese trade policy has recently completely 180'd in this regard. **There is no conceivable way** that non-chinese producers will be able to make up for the void in supply left by the Chinese exit from the export market. + * Additionally, the approaching 2022 Winter Olympics in Beijing will likely be preceded by industrial output restrictions similar to those prior to 2008's Summer Olympics, further depleting Chinese steel available for export. + +# The Case for Ternium: + +&#x200B; + +1. Currently trading at the most attractive P/E ratio of the entire industry at 5.7. +2. posted EPS' above $3.00 the past two quarters - the highest of any steel company I'm aware of. +3. Pays an attractive dividend (5.8%), and has a demonstrated history of returning value to shareholders via dividend increases and intentional cap-ex choices - I have complete confidence that they will use the windfall from the current steel pricing environment to reward their investors. They have consistently maintained or increased their annual dividends (save for in 2014 and 2020 during COVID) over the past decade. +4. Has been the [most consistently profitable steel](https://www.macrotrends.net/stocks/charts/TX/ternium-sa/eps-earnings-per-share-diluted) company on the continent (they turned reliable profits in the past decades' steel bear market, in which nearly every other western steel company hemorrhaged money due to the aforementioned Chinese exports). +5. They have unfettered access to the high-margin North American steel market via USMCA (read: no TEA Section 232 tariffs cutting into their profits), all while reaping the benefits of comparably low labor and overhead costs in the South American countries they operate in. +6. They are vertically integrated, owning their own iron ore mines and semi-finished casting product facilities throughout South America in addition to higher-margin, value added steel production facilities - this somewhat insulates them from the increases in iron ore costs the past year. +7. They are bringing a new plant online in [Pesqueria, Mexico](https://www.fool.com/earnings/call-transcripts/2021/04/29/ternium-sa-tx-q1-2021-earnings-call-transcript/) (less than 100 miles from the Texas border) next month which will add 4.4 Million tons to their annual Hot Rolled Coil (HRC) production capacity (discussed in linked 1Q Earnings Report). +8. They have **very low debt** by industry standards, sitting at a D/E ratio of 0.5. +9. They have arguably the best branding in the industry, I mean come on, [**look at this plant!**](https://mexico-now.com/ternium-resumes-projects-in-nuevo-leon/) +10. Their CEO, [Maximo Vendoya](https://twitter.com/maximovedoyabr), has the kind of badass name that a Steel CEO should have. + +&#x200B; + +# The Commodity Landscape + +You're probably already aware of the fact that commodity prices have skyrocketed recently - lumber, iron ore, copper, and plenty of food stuffs have more than doubled in the past year. Consequently, the companies who sell said commodities have been making an absolute killing. + +Commodity producers/growers/miners typically have fairly fixed overhead costs, so when windfalls in pricing come their way, their net income skyrockets. This has been reflected in commodity companies' share prices, particularly since February, when speculative tech, biopharma, renewables, and the other beneficiaries of the 2020 bull run that **were not tethered to fundamentals** began to drop off. + +This commodity bull run is also widely believed to be transient - largely the result of hiccups in the supply chain post-covid, compounded by economies and demand scaling back up a bit quicker than was expected. Most analysts do not expect it to last much longer than the end of the year, and for most commodities, I would agree. + +Lumber is one such commodity following this trend. After skyrocketing on the back of record housing demand and stocking shortages during the pandemic, it has recently began it's [inevitable correction](https://www.bloomberg.com/news/articles/2021-05-18/plunge-in-lumber-contracts-signals-turning-point-for-wood-rally) following a [13% drop in new-housing](https://www.census.gov/construction/nrc/index.html?utm_campaign=&utm_content=&utm_medium=email&utm_source=govdelivery) starts between April and March. + +&#x200B; + +# The Steel Landscape + +What commodity's high pricing and high demand is not transient might you ask? Steel. + +**US Hot Rolled Coil (HRC),** a benchmark steel product used in the production of blanks for cars, farm and industrial equipment, white goods, railcars, doors, shelving, and tons of other stuff, has risen over [300% in the past year](https://www.thefabricator.com/thefabricator/blog/metalsmaterials/steel-prices-reach-levels-not-seen-since-2008) from lows of $440/ton to all time highs above $1600/ton. Other finished steel products like cold rolled coil, tubular steel, and semi-finished casting products like billet have seen similar price increases. + +Steel pricing is likely to cool off slightly in the near term as supply catches up with demand to a **moderate degree**, but I do not expect it to drop below $1000/ton in the next few years. Why? + +**1)** [**Demand is expected to increase**](https://www.worldsteel.org/steel-by-topic/statistics/short-range-outlook.html) **by 5.8% globally this year and an additional 2.8% the following year by the World Steel Association**. + +Albeit, that is after a contraction in demand during 2020 - however, the point is that demand isn't going anywhere, and it will probably be higher than forecasted in the coming years. + +Why's that you say? + +What do governments do to stimulate their economies when unemployment remains elevated, and continued monetary stimulus runs the risk of spiking inflation (I.E., where we're at now)? + +**They use infrastructure spending as stimulus.** + +Grid upgrades, turbine and PV panel installs, bridge and rail improvements, and EV production/purchasing incentives are all ideas being floated by governments to combat climate change and reenergize economic activity - this is already coming to fruition in the US. + +**2) The Steel industry has consolidated, remaining players are wary of risks, and production capacity has been permanently shuttered.** + +In the past the steel industry has fallen prey to over-producing when times are good and prices are high, with the eventual effect of glutting supply and gouging their own margins. However, the industry has been consolidating into fewer hands, and CEO's have been vocal about keeping margins high even if it means keeping production capacity offline. + +As one example in the US, Cleveland Cliffs (CLF) recently acquired both [ArcelorMittal USA](https://finance.yahoo.com/news/cleveland-cliffs-clf-wraps-arcelormittal-174505849.html) and [Arkansas Steel](http://www.clevelandcliffs.com/English/news-center/news-releases/news-releases-details/2020/Cleveland-Cliffs-Completes-Acquisition-of-AK-Steel/default.aspx), taking two primary players off the map and becoming the second largest steel producer in the US. In a prudent bid at ensuring long-term sustainable profitability over short-term reward, they are leaving 2 of their 10 available plants shuttered (discussed by CEO Lourenco Goncalves in [last quarter's earnings call](https://www.fool.com/earnings/call-transcripts/2021/04/22/cleveland-cliffs-clf-q1-2021-earnings-call-transcr/)). + +Abroad, Sanjeev Gupta's Steel conglomerate GFG Alliance is [on the verge of collapse](https://www.livemint.com/companies/news/first-parts-of-billionaire-sanjeev-gupta-s-steel-empire-headed-for-bankruptcy-11618542117896.html), leaving considerable assets up for grabs by other players there. + +3) **Inflation** + +Whether you believe the Fed that its transitory or not, inflation is here for the meantime. Who wins in inflationary environments? [Commodities](https://www.investopedia.com/articles/trading/05/021605.asp). + +4) **Changes in Chinese Export Policy** + +I broke the importance of this down earlier in the post - this is in my opinion the largest tailwind the steel industry has seen since 2008. + +# Bear Cases: + +*The current environment looks exceptionally favorable for the steel industry over the next few years. So long as China doesn't decide to abruptly walk back its new trade and pollution policies, the global steel supply / demand imbalance will remain in producers favor. Ternium has demonstrated its ability to be profitable and pay dividends in environments* ***far less favorable than this one.*** + +If China does walk back its current trade position, this will certainly be a less attractive investment. However, that's really not a hard thing to keep an eye on - check a metals industry blog once a week and you'll see murmurings of Chinese policy changes months before they hit the market. + +Another demonstrable risk is sales and operating exposure to *relatively* unstable South American countries - Ternium ships 25% of their steel to Argentina, Chile, Peru, and other countries which institutional investors have largely shunned recently. + +However, 75% of Ternium's steel shipments are in countries with stable or appreciating currencies - the USA, Brazil and Mexico - and exposure to the aforementioned companies hasn't kept them from being extremely profitable in the past. + +Please post your thoughts below - especially additional bear cases! + +**Disclaimer: I am significantly invested in Ternium.** + +Edits: formatting +Just opened up a custodial account for my 3 yr. Old. It terminates when he is 25. +I’d love to start the dividend train for him given time is obviously on his side. + +Do any of you specifically invest in dividend stocks or general broad index funds? + +What would you recommend? Either way he’ll have the compounding power for a couple decades. Should I gift him some passive income too? + +Thanks! +I wasn’t really taught about credit scores and all that growing up so I’ve always just used a debit card for every purchase and payment in my life because I was a bit intimidated by all the credit score stuff and didn’t want to put myself in any debt. + +A friend of mine recently told me that I should get a credit card and use it to pay any monthly bills I have to build my credit score so I got a Capitol One card and I was going to use it only to pay for monthly subscriptions like Amazon Prime, Netflix, etc. + +Is this a good idea? If not, are there some resources for someone like me who knows very little about credit cards to learn about all this stuff? +Hi all, I need help with where to invest my money and what is my next step potentially. + +I have a total of 70k USD in savings, distributed between a savings account (55k USD) and a balanced portfolio (15k USD). I feel like it’s a good idea to buy a house but the city living in currently is not a good option for that. A possible option is in Canada since I’m a Canadian citizen, but I know I have to pay significant non-resident tax. + +What do you guys think is a good step for me? should I just keep investing in my portfolio or is there a better way to invest my money? +This shit is so damn volatile that I don't even know what to believe anymore. +I mean what the fuck - you would think that Korea legalizing crypto, followed by India introducing a large exchange, introduction of Robinhood and even China easing up on one would think that crypto prices would be rising to the moon...but NO! + +There is absolutely no way of knowing this shit. Even Bitconnect rose like $3 fucking dollars for crying out loud despite all the controversy going on. +You might as well post a picture with all the coins and throw a dart at it and put all your money on whatever it lands on. + +I learned to stop stressing over stuff because there's really no way of knowing when it's going down or up +He pulled a hard inquiry on my credit then called my wife and said our credit was great and that he could get us a better price to refinance. I have not spoken to this guy since closing and I feel like he should have absolutely no right to do this. Michigan by the way + +Left him a message but haven't gotten a call back yet. Kinda pissed because it lowered my credit score. + +EDIT: This is what ACTUALLY happened. + +1. My parents call them 2 days ago about buying a new house (they told me this yesterday) +2. He calls my wife's phone and leaves a voicemail saying he pulled our credit and wanted to talk about what we need to do. My wife assumed this to mean he was offering to refinance. +3. He texted my wife and said disregard all of that. +4. I get an alert on credit karma saying there was a hard pull on my credit which dropped my score. +5. I tell my wife about it over dinner and she mentions the call and text message. +6. I leave a voicemail on the loan officer's machine. +7. I find out from my parents (who only share my LAST name) that they had contacted them about a loan. +8. He calls back and explains that he had their IT pull up their info (we were both already in their system for buying houses in the last couple of years). IT supposedly pulled up ours instead of my parent's info. +9. He calls back again and said he called the creditors about it and that they were going to have it removed from my credit report. + +This is where I'm at currently. **My current plan is to drop it and not do work with them again in the future if he can make it go away from my credit history**. If he can't remove it then I will elevate to his boss, but I'm thinking he'll be able to get it removed. +Hi everyone. + +Looking for some clarification before I head to the store. The phone I purchased was a 'B' grade, however I viewed it in store specifically and bought it because it looked basically brand new. + +Now that the phone has been reported lost/stolen and has been blacklisted by whoever traded it in I'll need to return it. I would rather not get an exchange for another B grade model that will likely be well worn now. As the phone is not simply 'faulty' but is actually technically stolen goods, do I have any right to refund rather than exchange? + +Was purchased Nov/Dec. On my AMEX! + + +EDIT: Thanks for everyone's comments so far. Just some clarification. It was purchased in store, not online. I have checked checkmend and it's definitely blacklisted, will enquire with EE. I don't know if it was reported lost/stolen, or if the person has stopped paying their bill. +I see everyone and their mother on YouTube these days promoting Dividend Stocks and Passive Investing as the best thing ever. + +How true is this? + +I just can’t see how buying into a dividend paying stock (T) could beat just buying into an S&P500 fund (VOO). + +For my example, sure you get a 7% dividend with AT&T, but the stock itself has dropped in value 10% in the last 5 years. +Meanwhile VOO has gone up 71% in those same 5 years. + +Example after example I just can’t find any that beat the performance of the S&P. + +Seems to me people would be better off sticking with an index fund. +https://payid.com.au/ + +I've been prompted by a few of my online banks to create a PayID after the system launched this month. Let's talk about it. + +It basically looks like the banks creating an alternate way for people who to transfer money using a phone number or email instead of BSB and Account number. It's not an app or platform, it is an extra option on each bank's banking app. + +A few questions to start the ball rolling: + + +- What does it actually do? + +- Do we trust it to store our data securely? + +- Do you have to set up a different one for each bank account? + +- Why not just use The Cash App or Venmo? Do we have these in Australia? What do you use? Will you switch? + +- Why the fuck is this the only way banks can make transfers instantaneous? + + +Discuss! +This was posted by someone that didn't have enought Karma to post here. Enjoy. + +\------------------------------ + +I would like to correct another user whom miscalculated the value of DOOMPS: + +Pre-splitdividend $5.00 put strike Jan 20 2023 -> $1.25 put strike post split-dividend +Pre-splitdividend $2.50 put strike Jan 20 2023 -> $0.625 put strike post split-dividend +Pre-splitdividend $0.25 put strike Jan 20 2023 -> $0.0625 put strike post split-dividend + +It doesn't go "up"; The split dividend would divide it by /4 with additional 3 shares to be delivered by SHF(but DTCC committed international securities fraud), therefore it further places these DOOMPS out of reach of sanity. + +I DOUBLE, TRIPLE FUCKING DARE YOU SHFs TO BRING $GME DOWN FROM $20 TO YOUR "DOOMPS" STRIKE PRICE TO TRY TO GAIN EQUITY ON YOUR WORTHLESS FUCKING DOOMPS THAT ARE EXPIRING ON JAN 20 2023. + +FUCK AROUND AND FIND OUT, because I know the moment you even attempt to bring the price down to fucking $1.25, $0.625, $0.0625 to meet your DOOMPS, I will buy the fucking shit out of it and you're going to run this shit up again after DOOMPS strike expiry and your dumb stormtrooper attempts to maintain your margin will FAIL. Even the counterparties don't want to fuck with you and your fraudulent behavior. + +Who the fuck would purchase and hold these worthless DOOMPS options believing that it's financially prudent to do so? + +\*Same guy who posted speculation about TRS swap being non-renewed\* +Edit + +[Daily Mail Article](http://www.dailymail.co.uk/news/article-3342060/Reddit-user-22-shocked-400-000-mysteriously-appears-bank-account.html) +^lol, thanks daily mail + +Also, thank you for gilding! + +---------------------- + +Firstly, thanks to all helpful and constructive comments! It should be mentioned that it is part of the reddiqutte to follow the subreddit rules. + +Onto the update. + +Long story short, the bank called. An employee had accidentally transferred a home loan funds into my account! +From many redditors, if it was a customer error, legally I would be able to keep the money (not implying that I would). But if it were a bank error, they could take it - no questions asked (info from several redditors who worked in a bank). + + +They called me that they will reverse the original transaction, and to move the money into my original account because I had moved it into a new account so that I could distinguish between 'that' money and my money. + + +It took under 5 minutes. Very anti-climatic, but better than a lawsuit! Thank goodness that the stress is over. + + +Also, since it is a new month (today is 1/12/15, Australia), a credit interest had occurred in my account and they didn't take that either. Since the money was in that other account for one day it got about $25 credit interest. + +So... essentially, I got out more than what I initially had woo (-: + +I think I'll just let it sit there for the memories. Haha. + + +-- + + +I learnt a lot of things from this as well. (Remember this is from Australia, and could be from the UK as well, because we do apply UK's common laws to Aus...maybe...IANAL) + + +- *Unjust Enrichment*: In law, unjust enrichment is where one person is unjustly or by chance enriched at the expense of another, and an obligation to make restitution arises, regardless of liability for wrongdoing. (Scary!) + + +- *Change of Position*: Change of position is a defense to a claim of unjust enrichment, or for restitution. Ordinarily, someone who has been unjustly enriched at the expense of another is strictly liable to disgorge his gains. However, a "change of position" defense operates where it would be inequitable to compel him to make restitution. (https://www.reddit.com/r/AskReddit/comments/m06n7/whats_the_best_legal_loophole_you_know/c2wzyy1 - thanks to /u/pspins for the link) + + +- *Theft by finding*: Theft by finding occurs when someone who chances upon an object which seems abandoned takes possession of the object but fails to take steps to establish whether the object is abandoned and not merely lost or unattended. In some jurisdictions the crime is called "larceny by finding" or "stealing by finding". + + +There were lots of very unethical things I could do, but I had no desire to do that (this has to be established and said, apparently). +In conclusion, do not take money that's not yours. + + +Thank you for all your help, PF! + + +*TL;DR* Bank error, collect $25. Also, proof: http://imgur.com/ip7czHt +I just want to clear up a small misunderstanding i'm seeing. A lot of people seem to think that CS is just rubber stamping shares with "registered" +status..and that there is nothing really physically stopping them from registering more than the float other than their fiduciary duties. + +There is something stopping them. + +When you make a DRS transfer, it shows up +as a "DTC stock withdrawal." This is not an accident. + +As the transfer agent, CS maintains a ledger of where ALL the issues shares are. This must include a ledger of all the shares held by the DTC. + +The DTC are scum bags that then allow trading between DTC members of fake rehypothecated IOU shares which is what we all have in brokers. + +When you initiate a DRS withdrawal for X shares, your broker says "hey DTC, customer wants to withdraw X shares from the system." The DTC identify X of their real shares (that were issued by CS), then the DTC send those real shares back to CS to be registered in your name. + +It basically forces the DTC to honor their promise that their IOUs are as good as shares. It allows you to exchange out a counterfeit DTC IOU for one of the real bona fide shares. + +This cannot continue indefinitely. Once the DTC run out of real shares, they wouldn't be able to submit the DRS back to CS..so the DRS attempt would fail. + +Your broker would notify you that DRS failed. If you ask CS why it fails, they would probably just say "we didn't receive anything," because it actually failed on the DTC end when they were trying to locate a share to send back to CS. + +This is why CS cannot simply register more shares than the float. CS don't have the ability to issue new shares, and the DTC IOUs don't count as real shares outside of the DTC system. + +The DTC are panicking right now because they are being forced to give all their real shares back...and once they run out, their big counterfeiting scam will be exposed...and everyone will know that all the counterfeit IOUs being traded by brokers "as if they were shares" have zero real shares backing them with the DTC. + +TLDR. It's a countdown to 0 DTC shares that physically prevents CS from over-registration, not a "count up" to the float. +I just want to clear up a small misunderstanding i'm seeing. A lot of people seem to think that CS is just rubber stamping shares with "registered" +status..and that there is nothing really physically stopping them from registering more than the float other than their fiduciary duties. + +There is something stopping them. + +When you make a DRS transfer, it shows up +as a "DTC stock withdrawal." This is not an accident. + +As the transfer agent, CS maintains a ledger of where ALL the issues shares are. This must include a ledger of all the shares held by the DTC. + +The DTC are scum bags that then allow trading between DTC members of fake rehypothecated IOU shares which is what we all have in brokers. + +When you initiate a DRS withdrawal for X shares, your broker says "hey DTC, customer wants to withdraw X shares from the system." The DTC identify X of their real shares (that were issued by CS), then the DTC send those real shares back to CS to be registered in your name. + +It basically forces the DTC to honor their promise that their IOUs are as good as shares. It allows you to exchange out a counterfeit DTC IOU for one of the real bona fide shares. + +This cannot continue indefinitely. Once the DTC run out of real shares, they wouldn't be able to submit the DRS back to CS..so the DRS attempt would fail. + +Your broker would notify you that DRS failed. If you ask CS why it fails, they would probably just say "we didn't receive anything," because it actually failed on the DTC end when they were trying to locate a share to send back to CS. + +This is why CS cannot simply register more shares than the float. CS don't have the ability to issue new shares, and the DTC IOUs don't count as real shares outside of the DTC system. + +The DTC are panicking right now because they are being forced to give all their real shares back...and once they run out, their big counterfeiting scam will be exposed...and everyone will know that all the counterfeit IOUs being traded by brokers "as if they were shares" have zero real shares backing them with the DTC. + +TLDR. It's a countdown to 0 DTC shares that physically prevents CS from over-registration, not a "count up" to the float. +Over the last 2 weeks (yes it is still very new) LOT has seen consistent growth and a strong community. It hasn't been listed anywhere yet but since it just passed 1,000 holders it should be going up on Coinmarketcap and Coingecko soon enough! From there, exchange listings will cause explosions in price and explosions in the value of the Jackpots. + +The main thing that separates LOT from many of the other moonshots on here is that it HOLDS people's attention. A percentage of each transaction goes to fill a pot, and every time the pot gets full, a random holder gets the payout. + +This means everyone who holds it, including me, is consistently paying attention to LOT, checking the payouts, and watching the price. People are excited about the concept and the community keeps on growing. + +[Check the chart if you don't believe me](https://dex.guru/token/0x26898013a78754022aa2165dabae3f01c8f6d9bd-bsc) + +The last spike has corrected and it's a great time to get in. The number of holders is still low so it's more likely to win the Jackpot. + +Good luck. + +DYOR - Not financial advice. + +[Website](https://www.lotterytoken.net/) +He’s been on the verge of retirement for a couple years. Forced into it in March, but he wasn’t quite ready financially, especially after the crash. + +I told him about TSLA early on and he didn’t buy. Paid too much attention to the boomer 🌈🐻 media. + +I told him about PLTR in September and he put 20% of his portfolio into it at under $10. Now it’s half of his portfolio, and he’s over $1M. + +tl;dr + +When you’ve used up all your own buying power... + +INHERITANCE TO THE MOON 🚀🚀🚀 + +EDIT: For those demanding he sell and haven’t seen my comments, my dad sold most of his PLTR shares at around $28. He used a little to buy TSLA and is still deciding what to do with the rest. I am encouraging something safer and he agrees. + +He’s pretty autonomous, I’ve never actually told him to buy or sell anything. I just told him PLTR might be a good long term investment to look into. He did his own DD and bought. Then it became a meme stock lol. +A quote from James Galbraith's book The Predator State. He describes CEOs as a parasitic class that essentially contributes nothing to an organization. +The limit at which the help to buy isa is applicable has stayed the same since it was introduced in 2015: £250,000 for a house in the UK (and £450,000 for a house in London). I won't be buying a house for another year or two at least. With the £250,000 limit staying fixed isn't the help to buy isa slowly becoming redundant? Or will they change the limit at some point? + +I've been saving diligently into it for years, but most likely will not be able to make use of it at the end. +Edit: just wanted to say a huge thank you for all the advice. You’ve all been great, and I now know of plenty of options I didn’t have before! + +My grandma is 94 years old, suffers from dementia, and I am her power or attorney. She doesn’t have much money remaining, about 6 months left of living expenses, as her caregivers are extremely expensive. I’d like to keep her out of a nursing home as long as possible. In her safety deposit box, we discovered several ounces of gold and platinum, probably close to $40K worth. She also has a lot of jewelry we would be able to sell to continue paying for her care. + +I am skeptical though of the places that advertise “WE WILL BUY YOUR GOLD” because I know that those businesses have the incentive to pay you the least amount possible, so they can turn around and sell the metals at a profit. I’d really like to get the most money for them as possible, and I have no idea where I can do that without dealing with a place that seems like a pawn shop type of business model. + +Does anyone have any knowledge or experience in this situation that could give some advice? +Looking at RC's latest tweet of him smiling wide in front of Gamestop, it just hit me. He looks very happy. Why? Because I feel like very good things are coming. If RC is smiling, then I am smiling, especially the weekend before earnings and their annual meeting. I have full faith in him as a Chairman. Have a wonderful Memorial Day weekend everyone!! +> *"We are solving a multi trillion dollars problem"* + +> *"Just 2 weeks ago, we hosted over 30 central bank from around the world in NYC"* O.0 + + [source](https://www.cnbc.com/2017/11/16/american-express-santander-team-up-with-ripple-on-blockchain-platform.html) (using ripple technologie and not Bitcoin) +A penny for your thot: really, ByteDance byte (sorry) the bullet and rejected [WMT + MSFT](https://www.cnn.com/2020/09/13/tech/microsoft-tiktok-bytedance/index.html). Previously, the news reacted well with calls performing for both WMT and MSFT. + +But why was it rejected? ORCL is still running for TikTok, but more importantly, the deadline for TikTok to sell operation is coming as early as this Tuesday. + +What does that mean? A shutdown for 100M monthly users, with FB's copycat Reels possible pulling in the users as a result. + +Prediction for this week: puts on MSFT. ORCL $63 calls. +My [strategic post from Sunday](https://www.reddit.com/r/options/comments/kuk744/i_draw_with_crayons_so_you_dont_have_to_loss_on/) outlined some positions and entries I wanted to take. I executed on all of them except SFIX and CRSRS because both of them shot up hard. The rest I entered and either exited at 75% profit or I am still holding. I want to begin to move to at least 40% cash since the market is extended at these levels. I will probably be slightly more patient with some plays going forward. Think I might just add a couple more puts sold to open on PLTR. As a side note, looks like I broke that $100k barrier for good now. When I started this journey with you all 2 months ago I was only at $75k. + +Put-sellers RISE UP + +# Old Positions + +**ARCT:** even though I said I would hold until I was profitable I will be closing this. It will free up much more capital and allow me to make other trades now that it's closed. + +**FSLY + OSTK**: These are in my zones to close the positions and will do so by EOD today. + +**GME:** Currently holding $15 puts sold to open and they are still only 50% profit. Crazy how high the IV is that it's still giving good premiums for a put requiring a 60% drop in just 3 weeks. I want to sell more here, but I'm not sure about the risk/reward with how the stock is moving. + +# New positions from this week + +**JMIA:** This one rocketed up 15% the day after I sold puts which was great for me. They still have a few weeks to go so they aren't losing value that fast. I will hold through the 3-day weekend and re-evaluate next week. + +**COTY, FEYE, PLTR**: All 3 of these pretty much haven't moved, so I'm waiting. + +&#x200B; + +**Screenshot of positions** + +https://preview.redd.it/1kh85ghw4cb61.jpg?width=1170&format=pjpg&auto=webp&s=77204ffc461ae7bccf241edd0ce6a20569b6af86 +This analyst has been against GME since 2020. I'm guessing when BofA wanted a piece of the pie and started shorting the analyst did his job. + +Sorry about the source - [CNBC](https://www.cnbc.com/2021/06/04/bank-of-america-analyst-throws-in-the-towel-on-meme-stocks-says-fundamentals-are-not-driving-shares.html) + +&#x200B; + +https://preview.redd.it/2dpotap4a9371.png?width=1116&format=png&auto=webp&s=db5df730c5828aa527dde2a5c747ebd66915aadf + +This dude has been shitting on GME for a while but I guess since now the price is higher he "Throws in the towel" ? + +&#x200B; + +https://preview.redd.it/38od2vp9a9371.png?width=680&format=png&auto=webp&s=9977db3a119f0a7b911e202aedc0015756a53bf9 + +&#x200B; + +https://preview.redd.it/l3amhz5ba9371.png?width=693&format=png&auto=webp&s=6fba3014edb32e07f4f8a07479e5cf8da7f3249b + +Oh yes, this is because the retailers are manipulating the price right? /s + +Fuck off MSM, I just thought I'd share because all of the Negative MSM news just further confirms my bias that we are right with our DD. They never have counter DD or anything constructive or factual that proves us wrong. + +I'm also a firm believer that this FUD isn't to stop us but the average non-redditor . Apes hold and we know the drill. But they will just keep suppressing this as long as they can to keep "outsiders" blind to the situation. + +Literally everyday we uncover something and its insane to see this shit unravel. Everything is like clockwork and I can't wait for a well written and casted movie so the people I care about have an easily digestible way to see what us apes have endured. + +Buy . hold and obviously vote if you haven't! + +Enjoy your weekend after today, don't get overly hyped on the 6/9 dates and stay safe! + +Edit: adding this guys meme LOL - [https://www.reddit.com/r/Superstonk/comments/ns8nea/nonfudamental\_factors/](https://www.reddit.com/r/Superstonk/comments/ns8nea/nonfudamental_factors/) +I am a software engineer, and I have some idea about how to scale things and the limitations of algorithms. I also try to inform myself and hear both sides. But it's becoming increasingly difficult with all the hate-posts. It's like the Democrats and the Republicans all over again. + +In the final analysis, I keep coming back to this simple question. **Does it really make any sense, from any point of view (practical, technical, ideological, anything) for my daily coffee purchase to be replicated to thousands of nodes and then recorded for-stinkin'-ever?** + +No. Again, no. I can't think of any good reason it HAS to be this way. And I can think of plenty of reasons (scalability, privacy, practicality) why this should NOT be. + +I'd love to use Bitcoin for these everyday purchases though. + +So this leaves me agreeing that *we need off-chain extensions or layers on Bitcoin,* such as the Lightning Network. Solutions that eventually do settle on the blockchain, while conveniently forgetting the minor details that I didn't want to share with the world anyway. Done right, these could even let me pay in pennies or fractions of a penny for web content, etc. + +But of course, *I also see the need for increasing raw throughput.* If Bitcoin scales to billions of users, we'll need much larger blocks even just to settle on the blockchain once a month! It's simple math. + +So why can't we have both? And why can't we work on both at the same time? + +Because... politics. And personal issues. And the hardening of positions on both sides, digging their heels in and refusing, ridiculing or even ripping out the other side's solutions just out of pure spite. All while somehow managing to convince ourselves with "reasons" that show how right we are and how wrong... no, EEEEVIL, the other side is. + +Calm down, stop the FUD and the conspiracy theories, and realize most people just want Bitcoin to succeed. + +**TL;DR 1. Recording coffee purchases on the block-chain makes no sense. +2. We need off-chain scaling and on-chain scaling. 3. Our stupid politics is hurting Bitcoin because we're separating the two necessary parts of the overall solution.** + +EDIT: My biggest mistake above was to imply that such transactions should NOT be on the chain (as in, should be forced off the chain). It was not my intention to communicate that, but when I read it again, I see this would be easy to understand as the message. What I really meant is that I have many reasons I would not want *my* coffee transactions on the chain and/or why it is not generally practical. + +Ultimately I want more choice: I want the choice to make transactions off-chain but backed up by the chain; and I don't want to remove anyone's choice to transact on-chain if they so desire. +Dear Redditors, + +Trying to do a good deed for the day. Mother In Law, pensioner in her 70's has a total life savings of $300K, living in her own home. She had the $300K invested in a term deposit which is generating pittance. It has constantly reduced over the last 5 years to about $1800 (Westpac has somehow screwed her into below a savings account rate) + +My thoughts is to keep it simple by putting in a Vanguard ETF. Split 50/50 into: + + 1. VAS Vanguard Australian Shares ETF + +2. VTS Vanguard US Total Market Shares ETF + +I'm not looking for maximum return but simplicity and security. Has anyone got first hand experience on how this is working for a pensioner and how it impacts their tax? +What would you do? +So CBA (and other banks shortly) just announced they are passing on the full 0.25% rate rise to consumers. However they have also previously bumped up interest rates in anticipation of rate rises. + +Does this mean they are just double dipping on the rate rise and pocketing the difference as profit? Or am I missing something? + +Hey everyone, + +I have been in the US for 8 years. I come from a country where you work to make it through the day and there is not much retirement planning since savings is not doable. Coming to the US has been a culture shock and I have had to learn so much throughout the years. + +Although I don’t make a lot of money right now, in 2020 I want to work on my finances and planning for my future.I want to start making smarter choices and start working towards financial stability. + +I’m 32y/o. I have a stable job, I’ve been working there for about 4 years. Here is info about my current financial situation. I’m listing just my income. I’m married and we do split mortgage payment, and bills. We combine both our incomes, but I wanted to list just mine to see what I can adjust to prepare for the future. My wife has a lot more in her 401k since she’s from here. I only got a 401k since I started working at my current job. + +Annual Salary: $41,000 +401k: Current balance $5150 (contributing 2%) +Pension: I don’t know exactly how pension works, but on my paperwork it says that based on 3% annual increase at age 65 I should have $32,294. +Savings: $6000 and starting to put about $800 away per month. + +Debt: +Mortgage: $101,500 with a 4.65% interest for 30 years +Car loan $1500 balance. I’ll probably be done by sept 2020 + +I would like some feedback on what I should work on. I know I should contribute more on my 401k, but I don’t think I can increase it until next year. I was also thinking about paying extra $200 on my mortgage. My current principal and interest payment is about $544.99. According to Ramsey mortgage calculator, if I were to pay extra $200 a month I could be done paying my mortgage in 12 years. Should I do this or refinance my mortgage for a lower interest rate? (My credit score 780, my wife’s about 810) + +Any feedback is very appreciated! +Since the Game squeeze has everyone interested in stocks, and the way regular folks are kept drown by the big money investors, why don't we all band together to lobby for the elimination of day trading restrictions? 25,000 dollars is just out of reach enough that most people will not be able to afford to day trade. + +This rule is in place only to keep poor people from making money in the stock market. Period. + +In USA we supposedly value the "free market". Let us use democracy to make the stock market accessible to the rest of us. + +Help get this post trending or make your own better, more convincing post. + +EDIT: I guess what I want personally is instant settled funds to not be subject to the restrictions, not necessarily margin accounts +I think it would be good to understand what people are sacrificing in order to achieve FI/RE. +Myself: 25 male earning £60k. +- My standard of living has not changed, I still live with my parents, this by far I believe is the biggest sacrifice as it impacts my independance, love life (non existant) and personal space/privacy +- Don't have a car, mortgage or a credit card +- I don't go on holidays abroad +- I make my own lunch for work and don't eat out +- Almost all of my money goes towards investing + +2.1 million Salvadorans are ACTIVELY USING @chivowallet (not downloads). + +Chivo is not a bank, but in less than 3 weeks, it now has more users than any bank in El Salvador and is moving fast to have more users that ALL BANKS IN EL SALVADOR combined. + +This is wild! +Hi everyone, +I need some advice on job negotiating. I recently started my job search and got a call back from the HR dept of a global company. I was asked what my salary range is and without much thought, I gave them my current salary ($67,000, I know big mistake) and that I would need a reasonable bump to change jobs. + +The HR person immediately said they can do a lot better and she was going to put me down for $80,000. I went through the interview process and am expecting a job offer on Monday. However, upon doing some research for the role, I realized that the national average for this role is $90,000. The average for this position at this specific company is $93,000. + +Once I get an offer for around $80,000, how should I negotiate so I don’t leave money on the table? + + +Any advice will be highly appreciated. +Thanks! + +Edit 1: I am a chemical engineer (2020 graduate) and it is a process engineer position at a manufacturing company. The interviewers seemed to be impressed with my resume and want to expedite the process. One other factor to consider is that they mentioned that they want to fill the position immediately and so the interview process will be accelerated. I have been called in to tour on Monday when the first interview was on Friday. + +Edit 2: I highly appreciate the feedback so far. A lot of people seem to be annoyed that I showed my cards early so I’ll provide a little clarity on what happened: I applied for this position and got a call at work from the HR person. When she said she will put me down for $80k, I didn’t protest as I had just started to look a couple days earlier and was not aware of market values and what my experience is worth. + +Edit 3: There were a lot of responses with average salaries accounting for all experience levels. For clarity: The figure I wrote down, $90,000, aligns with 1-3 years of work experience in this particular area. Thanks for all the feedback! +Hi all, **u\\bosshax** here, + +No dates... but... Ryan does tweet for a reason and there are bread crumbs here... + +For non US apes... New York is often called the "**big apple**". + +https://preview.redd.it/aj76eh9zud491.png?width=597&format=png&auto=webp&s=d28fd0b32fd2090f2f2ab6b999ec0f487d882c83 + +Last year Matt Finestone, head of GME Blockchain, attended [NFT.NYC](https://NFT.NYC) with several other GameStop executives. + + +https://preview.redd.it/ezu2fvj2vd491.png?width=596&format=png&auto=webp&s=a4f53df1643c3a95d52001a37c268f2d15665b46 + +This year the same event is June 20-23rd, 2022. + + +https://preview.redd.it/r76chnuwzd491.png?width=1252&format=png&auto=webp&s=f9cead67af69479e898057c592e23ed0997a7d4e + +https://preview.redd.it/6nrl5q36vd491.png?width=597&format=png&auto=webp&s=6c5bf0396fb8979d7990b25130c86660eeedd884 + +Ryan, Meme Lord, also tweeted this back in January... 6/9, the most memeiest number. + + +https://preview.redd.it/5u1ngtj2wd491.png?width=595&format=png&auto=webp&s=6effa41b08f002902f50ba2d2fb32d7f7c05c783 + +Generally the *earliest* you can implement a stock-split dividend is 10 days. + +https://preview.redd.it/k34hgz0wvd491.png?width=664&format=png&auto=webp&s=29efb9b3989385c99f8622cf4f2f57779febf0c6 + + +This Thursday June 9th is 6/9... + +Ten business days later is [NFT.NYC](https://NFT.NYC)... + +6/9 *could* be a stock-split announcement AND GME NFT Alpha Marketplace launch/reveal at the event. + +https://preview.redd.it/eodzdcskwd491.png?width=2049&format=png&auto=webp&s=549af9d1f7a0e4ad07b731ac409186c7dd76737e + +[NFT.NYC](https://NFT.NYC) called out the Immutable (IMX) and GameStop (GME) partnership last year... so they're familiar with both brands. + + +https://preview.redd.it/k0cw6thrwd491.png?width=588&format=png&auto=webp&s=2db0a0768ebfc22034e99f0a06a9c80a7a26bd66 + +Probably nothing but... Immutable (IMX) is hosting an after-party at [NFT.NYC](https://NFT.NYC). Suffice to say this event *seems* a big deal. + + +https://preview.redd.it/kdec90e2xd491.png?width=467&format=png&auto=webp&s=d62d93ff516b8786e7d82c53a18751070d66da9b + +On June 7th 'Launch Creators' simultaneously revealed they are part of the Launch group for GameStop NFT Marketplace: + +&#x200B; + +https://preview.redd.it/bq2aewapyd491.png?width=601&format=png&auto=webp&s=b2ce7c60fd95dbf5855f232bcde13348992ae77e + +We already know there are several phases of the GameStop Marketplace and below describes Alpha, which comes before IMX integration/content. This *sounds* like Launch Creators to me. + +&#x200B; + +https://preview.redd.it/vnxuvmltyd491.png?width=1072&format=png&auto=webp&s=e3d051eec902a09e96deae6c7041518a6f39d1f2 + +&#x200B; + +&#x200B; + +https://preview.redd.it/vn7pth510e491.png?width=782&format=png&auto=webp&s=57852cd1dda017f066c983ae99e886b0df67b8a8 + +Some creators have been ready and waiting for over half a year: + +&#x200B; + +[This creator was minting months ago...](https://preview.redd.it/ugx1y6y40e491.png?width=588&format=png&auto=webp&s=62c7c67f58bdf5932adbf969c0b64b6b712a85e1) + +So Launch Partners are ready, they're beginning to tease an Alpha Launch... We have the Superbowl of NFTs coming up... and Ryan's got his finger on the stock-split trigger. Does 6/9 start the hype-train and rally into split? Amazon just had their stock split and their stock rallied 25% into split date (kind of huge for Amazon)... Just saying. + +So, no dates... but some dates... + +It's always tomorrow... + +**TLDR:** + +Ryan Cohens tweet "the apple doesn't fall far from the tree". + +apple = new york + +coming June 20-23 is [NFT.NYC](https://NFT.NYC), **the Superbowl of NFT events.** + +Everybody is there including Immutable X, also hosting an after-party (it's a big event). + +Ryan Cohen also tweeted 6/9- the most meme number and it's tomorrow. + +The SEC requires 10 days to implement stock dividend. + +10 regular days is June 20th, 10 business days is June 23rd, both work... + +Launch creators are beginning to reveal they're close to Alpha GME Marketplace Creator Launch... + +**Theory:** Ryan Cohen could announce the stock split on 6/9 (tomorrow) and create a huge rally into the [NFT.NYC](https://NFT.NYC) event where they will launch Alpha GME Marketplace. So we have simultaneous stock split + Alpha Launch. Nice. That will get media attention... + +If you like my theories you can follow me on [twitter](https://twitter.com/EndOfTheWake). It is not monetized, I make no money from anything and I have a whopping 300 ish followers. +If that happens, apes hodling gamestop will be totally fucking fine. If you don't sell, you have nothing to fear. + +&#x200B; + +[https://www.yahoo.com/now/us-10-days-defaults-debt-162711207.html](https://www.yahoo.com/now/us-10-days-defaults-debt-162711207.html) +The successful investors, traders here, or the ones who do it professionally, do you ignore such things when that happens, how do you say you don't want to do it? I wouldn't take risk with someone else's money. + +I am not very succesful but I am especially asking the ones who are "very succesful and gained a wealth that can be seen from outside" by trading or investing professionally or personally, do you make people around you or your relatives rich too? If not, how do you reject them? +I know they're virtually worthless right now and have sold off most of their patents and divisions. But they're wiggling out of bankruptcy and mainly, just the household name KODAK- they must regain some footing no matter what they do, amirite? + +EDIT: Ok, sold 1600 shares at 9 cents. Sold the rest at 12 cents. I'm out. + +TIL: Bankrupt companies may nullify their existing stocks upon reorganization, so check before you buy. Thanks for the lesson, reddit. +The size of this rally has got to make people wonder if this is the bottom. What do you guys think? + +To longer term investors who are mostly cash or bearish (not short term traders), has today made you reconsider your plans? + +Is anyone (with a long term horizon) actually buying today because of that CPI print? + +(I know those of us with DCA's from work will keep them going forever, not asking about that). + +My (worthless) opinion, this just seems like a bear market rally, in bear markets the rallies are stronger than what you get in bull markets. I'm still mostly cash. + +* Today was probably just algos buying. + +* Perhaps there were human fund managers who actually saw this CPI and decided to deploy serious capital today, enough to move markets this much? + +All this begs the question... why would they buy, unless they think this is the bottom? (Or are they doing short term trades?) + +What do you guys think happened here today? +I predict the fed will raise rates this year and I plan on moving money out of equity funds and into somethibg else. What are good funds or other investments to move money into if interest rates increase and equity markets decline, besides inverse sp500 type etfs? + +I am concerned about housing price inflation. Housing prices , especially real estate has been increasing steadily for a decade, but it recently went into hyper mode. This is unsustainable. I predict the fed will have to act before single wide mobile homes in Indiana cost $2MM. I really dont see how interest rates can continue to stay this low much longer. +I see alot of talk about how to invest so you can retire and have money at 65-70 but are there any discussions about actual life expectancy and quality of life? + + +My father died at 64 before he enjoyed any of his retirement and my mom borderline wants to end her life at 68 because she feels horrible . + +We work and save our entire lives and may either be dead or can't enjoy the money. + +For those who make enough where they can both invest for retirement and also enjoy their youth it may not be a big deal but for your average person who may be sacrificing their life for an idea of maybe enjoying it later at retirement.....I don't know if that's a reality . + + +Where is the balance of having money to enjoy when you're young and still saving some for retirement + + +I guess I just don't see myself living a long life and definitely not a high quality of life at 65Plus. Especially now where it's harder and harder to save... + + +I don't know how many older users we have at 65 plus but some insight would be nice +[https://www.bloomberg.com/opinion/articles/2019-01-09/gundlach-compares-recent-buy-the-dip-mentality-to-subprime-crisis](https://www.bloomberg.com/opinion/articles/2019-01-09/gundlach-compares-recent-buy-the-dip-mentality-to-subprime-crisis) + +&#x200B; + + + +# Gundlach Compares Recent Buy-the-Dip Mentality to Subprime Crisis + + + +Jeffrey Gundlach is worried that investors are getting suckered into buying the dip in stocks, high-yield bonds and leveraged loans. + +In his annual “Just Markets” webcast on Tuesday, DoubleLine Capital’s chief investment officer sounded off on a range of topics, including Bitcoin, Federal Reserve Chairman Jerome Powell’s “pivot,” the growth of the U.S. national debt, and the problem of underfunded state and local government pension plans. But it was the “BTFD” [1](https://www.bloomberg.com/opinion/articles/2019-01-09/gundlach-compares-recent-buy-the-dip-mentality-to-subprime-crisis#footnote-1)mentality that’s lasted for so long in risky corners of the financial market that had him drawing comparisons to the subprime mortgage crisis. He explained his chief cause for concern: + +“People were panicking in the later part of December. They were panicking, actually, but the flow data shows they were panicking into stocks, not out of stocks. People have been so programmed, and feel so frustrated by selling when we get dips, that this time they weren’t going to be fooled. This time, they were going to buy the dip. I worry about that, though, because it reminds me a little bit about how the credit crisis developed in 2007 and 2008.” + +He’s right. A quick look at fund flow data for the iShares Core S&P 500 exchange-traded fund (ticker IVV) and the SPDR S&P 500 ETF (ticker SPY) tells the story. The iShares fund avoided outflows from Dec. 11 through the end of last week, even as stocks fluctuated wildly, data compiled by Bloomberg show. The SPDR fund drew the most money since February on Dec. 21, the day it tumbled 2.62 percent, part of the fund’s longest losing streak since January 2008. + +&#x200B; + +&#x200B; + +https://i.redd.it/a4z0rqb9gm921.png + +&#x200B; + + + +Whoever did that is “feeling good today,” Gundlach said. But he offered a reminder of what happened to investors more than a decade ago who snapped up subprime mortgages at what they thought were low prices. + +“The people who bought the dip, they didn’t sell, they hung on, and the market started to crack again. And we have that waterfall that ended up happening. The people who bought the dip ended up getting scared and turned from buyers into sellers. There’s potential for that here.” + +It’s not just the U.S. stock market that’s witnessing this, either. Junk bonds have come roaring back, with the Bloomberg Barclays U.S. Corporate High Yield Bond Index already returning 2.5 percent so far in 2019. The average price of leveraged loans, as measured by the S&P/LSTA Leveraged Loan Index, is up to 96 cents, compared with 93.8 cents at the end of 2018. Investors should use this recent strength in junk bonds “as a gift, and get out of them,” Gundlach said. + +“Investors bought bank loans and high yield, I can understand why you buy the dip, I get it, buying the dip certainly worked back in 2016 and if you missed that, you feel bad about it. But like I said about subprime back in 2007, the first people, they buy the dip, they’ve never done that before, but they’ve been trained now to do it after continued frustration for not doing so, and then when prices head lower, suddenly those buyers turn into sellers, and with all the supply that’s coming, it’s a really interesting issue who’s going to buy it.” + +All of this is to say Gundlach doesn’t seem to be a fan of risky investments at these prices. By his thinking, capital preservation is key because markets may be approaching the point at which some of these dips are going to end up being much more than just that. Though he wouldn’t necessarily load up on long-term U.S. Treasuries, either — that rally might be over, after a nice rebound to end 2018, he said. + +&#x200B; + +&#x200B; + +https://i.redd.it/71bstrtigm921.png + +&#x200B; + +Dismiss his gloomy outlook if you wish, but, as Bloomberg News’s John Gittelsohn noted ahead of the webcast, a lot of what Gundlach predicted in 2018 came true. He called for U.S. equities to rise early in 2018 but then eventually reverse and leave the market down for the year. He nailed the direction of stocks better than some of his equity counterparts. + +&#x200B; + + If you’re an active fund manager, it’s hard not to sympathize with his view on buying the dip. It has been so prevalent, for so long, that it seemed almost inevitable that the late 2018 drop wouldn’t last. The wave of cash coming into passive ETFs tracking the S&P 500, even as the market tumbled, says it all.  + +&#x200B; + + No one is perfect when it comes to predictions, but Gundlach’s 2018 calls were largely spot on. If that happens again in 2019, investors had better buckle up for some turbulent times. +Learn to save. With investing, there is a direct correlation between risk and reward. If we want to increase our reward, we increase our risk whether you realize it or not. Most of the accounts I see on this thread fall below $100k (based on a survey I did a month or so ago) with the majority under $25k. + +Trading in a smaller account is a completely legitimate endeavor and helps refine a lifelong skill set. The danger comes in when one expects to take that $15K account and turn it into $100k, $50K or even $25K. When I first started, I had $5K and was expecting to turn it into $20K in a couple years and naively thought that was completely reasonable. Luckily, I had a couple hard conversations, of which I didn’t believe at first, that ultimately reshaped my perception of reality. + +Having aspirations is great. Creating targets and goals is important. Attempting to turn a small account into your source of wealth is not so great. More likely than not, it will include taking outsized risk that will sooner or later catch you. + +The best possible way to aggressively grow your account (IMO) is to continue trading, being sure to remain profitable - when smaller accounts lose money it can have exponential negative effects years ahead. Learn to earn a consistent return, ideally topping SP500 performance (if you don’t after 4-5 years, consider switching to buy and hold or move a sizable portion). SAVE your money. Continue developing additional streams of income. + +This grind in your early 20s can pay off as early as your late 20s. I was blown away when I realized I surpassed my goal to cover all living expenses with my investing account at late 27. Much was luck in making the right moves in other ventures at the right time. The point remains. If you can aggressively save your money to boost your account value, then achieve consistent market beating returns, spread into other ventures (real estate, business development, etc) you will be surprised how fast wealth begins to accumulate. + +None of this eludes in any capacity that this is easy. I spent the better part of a decade planning, committing, and refining this. However, if we apply ourselves and develop a plan, we can greatly increase our propensity for success. I come from a lower middle class single mother that was a over her head in debt. My graduating class had over 800 kids in a poor urban town. By all accounts I am average. That’s the beauty of investing, we don’t need to to be extraordinary to get started. We do need to develop the craft to become a statistical outlier - but it’s entirely possible. +Happy thanksgiving everyone. With thanksgiving, some of us will have spent time with our family or friends. I did so this evening, and we got on the subject of trading out of nowhere (details aren’t really important). + +I refuse to tell anyone who doesn’t also trade about my trading. + +Do you tell people what you do? + +I figured at first - if I ever am able to do it and started making consistent money I would tell people. + +Then as we got on this subject I got to hear everyone’s opinion. It was obviously not positive. This past year I’ve only told other people I know that trade, this reddit, and one other friend in the beginning - who told me I was an idiot (so that is when I resolved to stop telling people about this if we got on the subject of interests). + +So it got me thinking; I will probably NEVER tell people - either way - profitable or not profitable - my family and friends will not know. I don’t need the shit. I hear it in my head already no matter how much I’ve made/how long I’ve been profitable. How much I saved/invested elsewhere. It wouldn’t matter. It will still be about how I would fail at some point and lose all my money. I’m an idiot. +I know it involves risk, yes I accepted the possible consequences when I started. The only point is I don’t need shit. + +Do you all keep it a secret too? +I've been spending a while reading and watching a lot of YouTube videos about forex day trading and I've learned a lot, I find technical analysis very interesting and enjoyable, and my plan was to study up then use a demo account until I felt comfortable putting in real money. + +But the more time I spend doing this, the more disillusioned I feel. Everyone on YouTube is just pushing their own magical solution to being a profitable trader (which of course you have to pay hundreds for), and the more I read and research about forex market trading, and experiment making trades on a demo account, the more it seems like there's little point to it. Markets move so randomly how can anyone predict that, how can you come up with a consistently good enough strategy to not just be guessing all the time, and given the amount of educational bullshit on the Internet where do you even start coming up with such a strategy? +I managed to negotiate my rent down from 570 to 500 a week for the next 12 months. I was pleased with myself and honestly it was pretty smooth (just one email and a call back from the agent). + +Landlords, did your tenants seek unreasonable reductions? + +Edit: I was fortunate enough not to be impacted by Covid. I just negotiated based on the current market price at the end of my agreement. Also, 30kms away from the Sydney CBD. +Email from RH today. Literally saying we didn't do our job and you're fucked. + +"Unfortunately, an agent wasn't available to assist you with your request on Wednesday. Therefore, your LK options expired worthless this past Thursday. + +Please accept our sincere apology for any inconvenience this matter may have caused you. If you'd like, you may file a complaint online with the Better Business Bureau or with the Financial Industry Regulatory Authority. + +We take customer feedback very seriously and we are always striving to improve our services.Feel free to respond to this email if you have any additional questions." + +I was always a believer in RH and gave them the benefit of the doubt and shrugged off the haters. This was the last straw for me and if you're still using RH learn from me and make the change before they fuck you. It's not a matter of if, it's a matter of when, guaranteed. + +This is going to end up costing me $2k-$5k depending on where and if LK opens back up. I can't even imagine if this was a REALLY big position like $20-50k. Luckily for me I'll never give RH the chance to do this again. Filed a complaint with FINRA, pulled my 5 referrals from RH as well and we're all moving to ToS. Happy trading. +The parents of a University of Nebraska student who killed himself after mistakenly believing he owed $730,000 to Robinhood filed a wrongful death lawsuit on Monday against the stock-trading app. + +Alexander Kearns, 20, was trading on June 11 last year using the Robinhood app when the app suddenly put a hold on his account and showed a negative balance of $730,000. + +Alexander Kearns jumped in front of an oncoming train on June 12 after leaving a suicide note detailing his predicament at finding the negative balance. Read the full story and share your thoughts + +[https://mazech.com/2021/02/parents-sue-stock-trading-app-robinhood-after-son-killed-himself-thinking-he-owed-730000/](https://mazech.com/2021/02/parents-sue-stock-trading-app-robinhood-after-son-killed-himself-thinking-he-owed-730000/) +Hi, + +Few days ago I posted about the crypto address for covid donations for India. + +I said that I will be donating the equivalent amount in fiat. I got 33 upvotes\~ 20 moons\~ 2 USD max . + +I donated 20 USD. Here's the proof:[https://ibb.co/Lg0YKxj](https://ibb.co/Lg0YKxj) + +Donation link (USD, for oxygen cylinders): [https://www.facebook.com/donate/486054246054033/491125618880229/](https://www.facebook.com/donate/486054246054033/491125618880229/) + +Original post (you can find the links for crypto donations: [https://www.reddit.com/r/CryptoCurrency/comments/n064un/india\_is\_fighting\_hard\_against\_covid\_if\_you\_can/](https://www.reddit.com/r/CryptoCurrency/comments/n064un/india_is_fighting_hard_against_covid_if_you_can/) + +&#x200B; + +Thanks. + +I will also donate the equivalent fiat from moons I get for this post. + +&#x200B; + +EDIT: I just saw that my previous post about covid relief fund ([https://www.reddit.com/r/CryptoCurrency/comments/n064un/india\_is\_fighting\_hard\_against\_covid\_if\_you\_can/](https://www.reddit.com/r/CryptoCurrency/comments/n064un/india_is_fighting_hard_against_covid_if_you_can/)) was 74% Upvoted . That means 26 percent people DOWNVOTED. It's beyond my understanding that why would someone do that. + +My whole motive is to spread the awareness about the crypto covid relief fund. The least you can do is to upvote. Basically I am buying moons from you at 10x prices. + +&#x200B; + +EDIT 2: I might not be able to donate 10 times the amount of moons I get this time because this post is getting a lot of attention (yay). Still would donate as much as I can. +Todays volume according to Yahoo: 24,533,034: + +[https://finance.yahoo.com/quote/GME/](https://finance.yahoo.com/quote/GME/) + +Average volumes over past 5,20,50 100,and 200 days according to barchart: + +5-day: 80,883,672 + +20-day: 64,272,414 + +50-Day: 32,605,699 + +100-Day: 22,451,066 + +200-Day: 13,404,101 + +[https://www.barchart.com/stocks/quotes/GME/technical-analysis](https://www.barchart.com/stocks/quotes/GME/technical-analysis) + +&#x200B; + +Assuming a high variance thanks to you diamond handed autists todays volume is suspiciously low meaning you glorious retards are holding as needed. If there was a massive selloff actually happening you'd expect todays volume to be somewhere around the 5-20 day average, instead it's about 1/3-1/4 of what that should be. + +Moral of the story: + +&#x200B; + +Diamond Hands are fucking working + +&#x200B; + +Edit: I AM NOT A FINANCIAL ADVISOR I AM A BORED RETARD SNIFFING HIS OWN ASSHOLE +>Howard Marks, co-founder of distressed debt firm Oaktree Capital Management LLC, says he’s looking to find “hidden gems" in a world where too many buyers are driving returns down. + +>“Ever since the Fed and the Treasury and the world’s central banks rescued the global economy," and the Fed injected trillions of dollars into markets, investors have became “forced buyers," Marks said in a video interview Wednesday afternoon. That turned bargain hunting into a “very challenging" activity, he said. + +>Marks said he sees opportunities in sectors such as airlines, hotels, resorts and movie theaters. + +https://www.livemint.com/companies/people/howard-marks-seeks-hidden-gems-in-india-in-a-world-of-low-returns-11630033082477.html +"Because of the size of the issues we are dealing with, it’s not something we are used to because of its magnitude,” Dalio said in an interview with Bloomberg Wednesday at the Greenwich Economic Forum in Connecticut. + +The U.S. is facing a triad of conflicting challenges: A bad economic situation caused by rising debt levels and “ridiculously stupid” low interest rates, political infighting between Democrats and Republicans, and the economic consequences of the Ukraine War. + +“Traditionally those three things are the perfect storm. They all affect each other,” Dalio said. + +Dalio said that the Fed will eventually be able to bring inflation to an annual rate of 4% to 5%, down from the 8.3% recorded last month, but this will require interest rates to keep rising. Interest rates could go as high as 4.5%, up from 3.25% today, after which “the economy could not take an interest rate much higher than that,” Dalio said. + +Source: [https://www.yahoo.com/video/ridiculously-stupid-economic-policies-u-194435560.html](https://www.yahoo.com/video/ridiculously-stupid-economic-policies-u-194435560.html) + +Bloomberg interview: [https://youtu.be/Y3LufB6DK4k](https://youtu.be/Y3LufB6DK4k) +Upcoming GME “Possible” Catalysts + +There are some great Due Diligence posts out there regarding the short percentage on GME, the hiding of the shorts game with An ETF that cannot be named here and other ETF’s, and the AI model of where GME could moon at because of this. I encourage everyone to search and read all these posts as I encourage all investors to research anything they are investing in. They are great reads put together by apes with many more wrinkles on their brain than I have. These posts explain out the different methods that people who are going to lose a lot of money are using against retail. The high frequency trading, the media, and the schill accounts. + +We all know why we are here, duh it’s cause “we like the stock”. Here is some possible catalyst information everyone should know about. Any one of these things could be the catalyst that starts the squeeze or they could just bomb. We don’t know exactly what will start the frenzy. What we do know is that costs to hold shorts will need to increase and shares need to be called in before the shorters find that line where it’s no longer cost effective to hold their position and they have to buy at any cost and we get our tendies. So here is a list of certain key items coming up. + +1. This weekend has created another major round of buzz concerning GME which started with the Congressional House Services Financial Committee Hearing on Thursday. Then it really hit when u/deepfuckingvalue followed up to his response to the Congressman that he still though GME was a great value at its current price and then Friday put his money where his mouth is and bought another 50K shares. Fucking legend. That buzz has led into a lot of chatter this weekend that could start a FOMO buy on Monday. A FOMO could drive the price which will cause the borrow rate of shorts to skyrocket and could cause lenders to start pulling back shares. This “might” be all the catalyst we need to see the moon. + +2. An ETF that cannot be named here is being used and a way for shorters to short GME since the fund holds GME stock as a part of it portfolio. If State Street performs quarterly balancing and reallocations of their ETF their could be a call back of shares. Honestly we don’t know if this will happen since none of us know the inner working of exactly what they are going to do but this could be the start of events that squeeze GME. + +3. GME releases the quarterly earning on March 24th. This report includes the sale of both new consoles as well as the Christmas rush. In fact many stores opened back up after Covid lockdowns in the 4th quarter. We also don’t know if any other information will be released at the time of the earnings report since they have been very tight lipped during this whole run other than announcing some new people that are going to help move GameStop in a new direction. + +4. Annual call back of shares prior to the June 2021 annual meeting. In the months leading up to annual shareholder meetings many stocks end up becoming “Hard to Borrow” with additional rates and fees to borrow them. The reason for this is that people who lend out shares do not get a vote at the annual shareholders meeting. You can go back and research this historically for many companies and a quick google search will show you that last year GME shares had to be called back prior to 4/20/20 in order to vote at the shareholders meeting. With all eyes on GME this year and the corporate changes my feeling is that this year will be no different. I just hope the use the same callback date of 4/20 for obvious reasons. The shareholders meeting is in June this year and I think it will be a great time for retail investors to go meet and greet since we know when we get together it will be one hell of a party. + +Like I said I am not claiming any one of these things will happen or cause a catalyst but I thought it was important to get these things out in the open so everyone had an understanding of upcoming events. Like it is repeated over and over again we don’t know when the squeeze will occur because we don’t know the shorters positions and where they feel their line is on cost to hold vs cost to give us our tendies. All we know is when it happens hold on. + +Thank you for reading, hope you are all well informed. Please do outside research and don’t rely on any one person as this is not financial advice. I’m just a fellow ape holding GME that’s eats the crayons my wife’s boyfriend brings me when he comes over. I prefer the orange crayons. I am not a cat. I like the stock. I thank you for the opportunity to bring you this information as it’s great information however I don’t have any good stories about growing up as a small child in Bulgaria. + +Obligatory +🦍🦍🦍💪💪💪💎💎💎🙌🙌🙌🚀🚀🚀🌛🌛🌛 +It's facebook. They'll recover. Honestly, can somebody give me a legit reason not to dump a lot of money into this dip? Just because of some privacy changes doesn't mean they're going bankrupt, it's only a matter of time, right? Anybody agree or what +If you try to download Mycelium Wallet from Google Play, you will get a 403 error. We just received an email stating that Mycelium Wallet has been suspended due to policy violations, with + +"REASON FOR SUSPENSION: Violation of the paid and free provision of the Content Policy and section 3.5 of the Developer Distribution Agreement. Please refer to the Third Party Payments help center article for more information." + +We are trying to get to the bottom of this. In the mean time, you can always download our wallet from our website directly at https://mycelium.com/bitcoinwallet + +-----BEGIN BITCOIN SIGNATURE----- + +Address: 1Rassahgt3XSxKVJ62oSrQJxtH3wk4MKX + +G4EQSqY1navBvvk0Z6HnT8vT5cSYVPx9oPziHZNG44NdAHkCS49fPaWDZCwV1hnjxlOM+7B5rHIsRptzSeVPPUM= + +-----END BITCOIN SIGNATURE----- + +P.S. Yes, my account is shadowbanned. I have been trying to resolve that for a while now. +I was a cleaner before the pandemic but I need to leave the town I live in now as I’m leaving my husband. (My husband has no money either before you ask so I can’t take any). I cannot find any jobs that Im qualified for as I have no experience doing anything else nor the education, however am willing to do most kinds of work once there are jobs again. + +I have no savings and no family or friends to live with so I’ll need to find an apartment. Is there anything I can do to get a job or get government aid until I can get a job after the pandemic? + +I’ve never lived alone or dealt with any of this before. Any help or advice is so needed. +EDIT: This is just a theory, and I am not advocating anyone to do anything with their BofA accounts. Just some information I found and felt an obligation to share. + +&#x200B; + +Good evening fellow Apes, + +&#x200B; + +Please forgive me as this is my first attempt at any DD. I welcome criticism and anything to support or disprove my hypothesis is also welcome. + +Like most of you fellow apes when I first heard of the scandal that Credit Suisse and its substantial losses due to the margin call of the family office Archegos Capital Management, I thought to myself how the hell could that happen. This led to approximately 4 billion dollars in losses to Credit Suisse. It was at this moment I realized that someone has to be bankrolling Citadel. + +Upon thinking about this long and hard I believe there is a bad smell coming from the direction of Bank of America/Merrill Lynch. + +1. My first bit of suspicion was when I saw this post on Superstonk regarding closures of some Bank of America locations. It was definitely sus. To my understanding, some of these locations were being boarded up due to the trial of George Floyd (RIP). This was very strange as some of these banks were being boarded up after the verdict of the trial, and it appeared no riots would happen. + +[https://www.reddit.com/r/Superstonk/comments/mvu4nc/bofa\_on\_why\_they\_closed\_their\_banks\_today\_nothing/](https://www.reddit.com/r/Superstonk/comments/mvu4nc/bofa_on_why_they_closed_their_banks_today_nothing/) + +2) The second piece of information that I came across that I thought might support my thesis was the recent hiring of Executive David Kim. David Kim was the head of equity client solutions at Bank of America, and was recently hired by Citadel Securities (link below). Now, this is speculative, but would it be possible that Kim has signed off on some terrible credit/increased risk, and jumped ship on some hidden backdoor deal? + +[https://www.efinancialcareers-canada.com/news/2021/04/david-kim-bank-of-america-citadel](https://www.efinancialcareers-canada.com/news/2021/04/david-kim-bank-of-america-citadel) + +3) I was digging through the 13f's on whalewisdom, and I found that Bank of America does hold decent-sized Put positions on AMC, and GME. As holding these put positions are a legal loophole way of holding a short position, I believe it's possible that they also took short positions against these meme stocks. As both organizations would benefit from colluding an aggressively short position, they could drive the price down and both mutually profit. + +[https://whalewisdom.com/filer/bank-of-america-corp-de#tabform4\_tab\_link](https://whalewisdom.com/filer/bank-of-america-corp-de#tabform4_tab_link) + +4) At this point I felt there is a lot of smoke coming from Bank of America, and that it was worth doing more digging. I decided to look into the X-17A-5 annual financial report for Citadel securities that was recently filed with the SEC. ([https://sec.report/CIK/0001146184](https://sec.report/CIK/0001146184) ,filed Feb 25th 2021) + +**BINGO** + +&#x200B; + +https://preview.redd.it/me71elaxyl171.png?width=813&format=png&auto=webp&s=4d728ab4246b11ad9b076b24d455da4d701a18fe + +**This is found on page 8 under credit risk** + +&#x200B; + +[found on page 8](https://preview.redd.it/0310dcayyl171.png?width=444&format=png&auto=webp&s=b3bfa64d7542df3cfcbff11f9230dba820dc85fb) + +&#x200B; + +Conclusion: Given the evidence supported above, I believe that Bank of America has been put at significant risk of taking gigantic losses (or potentially defaulting). As Credit Suisse is trading at 3/4 of its February value, if Bank of America continued to loan/credit Citadel, I believe it is in serious trouble. + +&#x200B; + +I hope I'm on the right track. There are so many smart people on here, and if I can add even a little bit to this community that would be super fulfilling to me. + +Ape out! + +See you on the Moon! + +&#x200B; + +Bonus: As it turns out last weekend the author of the following asserts they were told Bank of America's computers crashed on the weekend, and they could not withdraw more than $1000. Sounds like someone with liquidity issues. + +[https://www.reddit.com/r/CryptoCurrency/comments/ni81j7/bank\_of\_americas\_computers\_crashed\_worldwide/](https://www.reddit.com/r/CryptoCurrency/comments/ni81j7/bank_of_americas_computers_crashed_worldwide/) +We all know Citadel is headquartered in Chicago, and that they were up all Saturday night doing *something*. Some of it was late night Google searches. 👀 + +We can't say for sure that they made *all* these searches, but when Illinois' Google Trends search results are concentrated at certain times of the night in Chicago (which has only 1/5 of the state population), it makes your peen pop. 🍆 + +[Reddit Hack](https://preview.redd.it/9q7zm01cb8u61.png?width=1227&format=png&auto=webp&s=b90b36b844eb268b5f6161efbb837a5fcedc10fd) + +[Social Engineering](https://preview.redd.it/1mnspu59c8u61.png?width=952&format=png&auto=webp&s=a5d0ed788756f0b5c24b8f905df07af192a8b195) + +[Bribery](https://preview.redd.it/a23lki8nc8u61.png?width=811&format=png&auto=webp&s=9d9d1e89c21f060e7fa2f3d8bab429fe7e5cd2fd) + +[Make Meme](https://preview.redd.it/1pxklnw3d8u61.png?width=1227&format=png&auto=webp&s=44d4d5acaa27d071b34e3e7ec59928e4838c9625) + +[Naked Short](https://preview.redd.it/cg5innwkc8u61.png?width=804&format=png&auto=webp&s=a43a64e0def775d2400e30310964d1099f0d63f9) + +[Margin Call](https://preview.redd.it/3otwknh098u61.png?width=505&format=png&auto=webp&s=6fe3ea0446ada64f7ea51fa98cd270590a82bfcc) + +[Paper Shredder](https://preview.redd.it/9il08z1h98u61.png?width=793&format=png&auto=webp&s=2c6069fcc3f7b67d324e12f97016df3a35111958) + +[Hide Money](https://preview.redd.it/up10bieea8u61.png?width=909&format=png&auto=webp&s=8eb1bf6ee202504daeb0daf5d5949641c50caff3) + +[Offshore Accounts](https://preview.redd.it/xxfll12798u61.png?width=1137&format=png&auto=webp&s=b7d797c9858a6e2f5f5dd36a7d5ce7dcc62bd3ff) + +[Fake Passport](https://preview.redd.it/o635qchgc8u61.png?width=1227&format=png&auto=webp&s=f7f042e379ae44be95dd6dc3fbd24b6a2538caa5) + +[Private Flight](https://preview.redd.it/7y82x697b8u61.png?width=784&format=png&auto=webp&s=22688e3e7bcd568e6191485a14bff2108375a058) + +[Off Grid](https://preview.redd.it/0csy7h4ra8u61.png?width=698&format=png&auto=webp&s=5d552686aad90e548184c2d5668becd1c04ae1ff) + +[Extradition](https://preview.redd.it/k9mfw18u98u61.png?width=755&format=png&auto=webp&s=7d468ed1d13e0873366fc8c4f1bb7ecd7d06a9a7) + +[Body Double](https://preview.redd.it/04nw5pp0c8u61.png?width=762&format=png&auto=webp&s=0ee3ce003f0f8a9119e246c5d3640d57a512b9cc) + +[Fake Death](https://preview.redd.it/um4cmv3ub8u61.png?width=1151&format=png&auto=webp&s=b9134c50a7d9de76f8244f171d406a10e37413a4) + +[Prison Sentence](https://preview.redd.it/5i321hd5c8u61.png?width=1227&format=png&auto=webp&s=8b176eccfa29feea136a6bad4fb0f1b4f11063b6) + +[Escape Prison](https://preview.redd.it/le60khn9b8u61.png?width=1227&format=png&auto=webp&s=5ced4e0823597da1afae6f1d4e068db912b1e20d) + +[Prison Rape](https://preview.redd.it/p5297a0rb8u61.png?width=1227&format=png&auto=webp&s=bbad259e0ef9b1df81169bb5600119efa0f29855) + +[Diamond Hands](https://preview.redd.it/wtarfdxna8u61.png?width=742&format=png&auto=webp&s=5dafc2734b78933dcc51e96b88079161bf11b509) + +[10 Million](https://preview.redd.it/jofvgl8o98u61.png?width=817&format=png&auto=webp&s=d3c47b5ccc7aa3b55ebb3296801ef127bcb6b3c4) + +Edit: Some have requested "control" searches for comparison. [See this post for comparisons with other queries](https://www.reddit.com/r/Superstonk/comments/mutqfr/supplemental_searches_control_data/). +Defi, *decentralized finance,* is often referred to as the *Wild Wild West of Crypto*. But after journeying in Defi for over a year, I've learned that the West is only 'wild' for the cowboys and mercenaries—they are known as 'degens' around these parts. For this post, I'll provide ways for you to prosper in the Wild West as a steady and humble farmer. + +Edit: Forgot to mention that this guide prioritizes security over profits. The rules of the low-risk strategies are to (1) hold *pristine assets* like BTC and ETH, (2) avoid impermanent loss and splitting assets as you would by directly being in a LP position, (3) use reputable dapps, (4) use simple strategies (no leverage, no auto-compounding, etc.). + +# Ethereum - Very high gas fees + +Wallet - [Metamask](https://metamask.io/) or [Ledger](https://www.ledger.com/ledger-live) | Dex - [Uniswap](https://defillama.com/protocol/uniswap) or [SushiSwap](https://defillama.com/protocol/sushiswap) are both good + +I wouldn't recommend Defi on Ethereum due to high fees and because the roadmap is to ~~stop using Ethereum for general purposes~~ migrate to layer 2s; but, there are protocols that are only the Ethereum network right now. When using Ethereum, I recommend using as few dapps as possible to avoid gas fees. + +**The simplest Ethereum Defi strategy is to deposit ETH into Tokemak.** The expected yield is 8-12%. Using [Tokemak](https://defillama.com/protocol/tokemak), you'll be a single-token liquidity provider. This allows you to avoid impermanent loss (IL) and you can hold 100% of ETH instead of splitting your assets like a typical liquidity provider. + +But the IL doesn't just disappear. There are other type of users that work as "managers" who play a role in deciding how the protocols makes profits. I won't dive deeper into this aspect since it's a different strategy but for those interested to learn more, here's an [explanation](https://www.youtube.com/watch?v=FMZ_fS1uZaU). + +Downsides: Expect to spend heavily on fees (\~$200) on bridging to Ethereum as well as approving and depositing ETH. And the same amount for the withdrawing process. If the fees are peanuts to you, feel free to use this strategy, Mr/Mrs. Whale. You'll be earning rewards via the protocol token, TOKE, as rewards, which may not be ideal given that TOKE does suffer from high price volatility and selling pressure. + +# Polygon - Negligible fees (~$0.02) + +Wallet - [Metamask](https://metamask.io/) or [Ledger](https://www.ledger.com/ledger-live) | Dex - [QuickSwap](https://defillama.com/protocol/quickswap), [Uniswap](https://defillama.com/protocol/uniswap), or [SushiSwap](https://defillama.com/protocol/sushiswap) + +Polygon really made its strides between April to July 2021 when they launched a $40M [incentive program](https://cryptobriefing.com/polygon-launches-40m-liquidity-mining-program-with-aave/) and since they've been reliable and competitive. And with Polygon fees being so low, you’re pretty much free to do whatever. + +**In terms of low-risk Defi investing, an Aave + Curve strategy is currently the golden standard.** Adding the rates for lending and providing liquidity and subtracting it from the costs of borrowing, the expected yield is 4-6%. This can be done by depositing into [Aave](https://defillama.com/protocol/aave), using the deposits as collateral to borrow a stablecoin, and using the borrowed stablecoins to provide liquidity in Curve. + +As a low-risk user, the ideal borrowing rate is 30% of your deposits (ie. deposit $1K, borrow $300). At this rate, you'll be liquidated if your deposits depreciate more than 45%. Given that it historically takes several days or cryptos like BTC or ETH to crash, giving you a long enough timeframe to manage your risks. You can further mitigate liquidation risks are to deposit stablecoins, which improves the stability of your portfolio, while depositing even more volatile assets like MATIC will increase risks. It's all about risk management. + +Downsides: Borrowing and lending on Aave exposes you to liquidation risk and will require you to properly manage your assets. You will "be your own bank" and that isn't easy. Alas, this is one of the few ways to participate while holding assets like BTC and ETH and avoiding liquidity providing risks. You'll be earning rewards in wrapped MATIC and some rewards in CRV (a protocol token but has good fundamentals and has held its value historically). + +# Terra - Relatively high fees (~$1) + +Wallet - [Terrastation](https://station.terra.money/) | Dex - [TerraSwap](https://defillama.com/protocol/terraswap) or [AstroPort](https://defillama.com/protocol/astroport) + +Terra is flag-shipped by the successes of Anchor Protocol and their stablecoin ecosystem that has a presence among most major defi networks thanks to the Cosmos network. But the option in Terra network itself are limited. I would only recommend using Terra if you want exposure to LUNA or if you're in need of a Defi savings account. But I would consider exposure to LUNA as having medium to high risks, which is beyond the scope of this post. + +**For low-risk Defi participation, I can only recommend depositing UST in Anchor's Saving Protocol.** The expected yield is 19% annual percentage yield. By using [Anchor's](https://defillama.com/protocol/anchor) savings protocol, you'll be reward from the protocol's revenue streams from (1) borrowing interest and (2) staking deposits. This revenue comes from another feature in Anchor that allows users to deposit LUNA or ETH and borrow UST, the native algorithmic stablecoin. + +You can further optimize your yield via strategies like using your deposit as collateral for other protocols, but again those are medium to high risk strategies that go beyond the scope. + +Downsides: A \~19% savings account is an undoubtedly insane yield granted traditional banks can barely offer 1% for a similar product. But this isn't too far fetched given that Defi flips the model and instead of getting 20% of the revenue while banks get 80%, Defi users get 100%. The risks are explained thoroughly [here](https://cryptorisks.substack.com/p/ust-december-2021). The ones that stand out are de-pegging, regulatory risk, and lowered yield as a result of [decreasing protocol revenue](https://cryptorisks.substack.com/p/on-abracadabra-degenbox-strategies). You'll be earning rewards in UST. + +# Avalanche - Low fees ($0.3) but can high (>$5) when congested + +Wallet - [Metamask](https://metamask.io/) | Dex - [TraderJoe](https://defillama.com/protocol/trader-joe) or [SushiSwap](https://defillama.com/protocol/sushiswap) + +A lot of big Defi players such as Aave, Curve, and Abracadabra also built on Avalanche, which is why it was able to rapidly grow when it first launched. That and it's $180M [incentive program](https://medium.com/avalancheavax/avalanche-foundation-announces-180m-defi-incentive-program-d320fdfafff7), which dwarfed Polygon's incentive program. + +**With Avalanche, you could do the same Aave + Curve strategy and get a similar yield.** But, unlike Polygon ([at least not yet](https://forum.abracadabra.money/t/aip-3-deploy-abracadabra-money-on-polygon-pos/864)), Avalanche has Abracadabra, which is a reputable dapp that's also built on Ethereum. So an **alternative low-risk strategy would be to use AAVE + Abracadabra.** The expected yield is 4-6%. You'll be borrowing and lending on [Aave](https://defillama.com/protocol/aave) and providing liquidity on [Curve](https://defillama.com/protocol/curve) or [Abracadabra](https://defillama.com/protocol/abracadabra). + +Under the hood, you're using Curve to provide liquidity for stablecoins that includes its algorithmic stablecoin, Magic Internet Money (MIM). The revenue comes from a liquidity fee that traders pay to swap between these stablecoins pairs. Again, you don't need to know any more about the protocol but you can read more about it [here](https://medium.com/abracadabra-money/abracadabra-spell-and-magic-internet-money-a563637ce92e). + +Downsides: Again, you're borrowing and lending, which makes you vulnerable to liquidation risks if you're mismanaging your assets. By using Abracadabra, which works on top of Curve, you're increasing your exposure to the smart contracts of three protocols. In Aave, you'll be earning rewards in wrapped AVAX and, in Abracadabra, in the protocol token, SPELL (likewise to TOKE, protocol tokens are not as ideal to hold as network tokens). + +&#x200B; + +\--- + +I'll end this post with these four networks that I believe present the best opportunities at a low-risk based on factors that include total value locked and history among others. This also isn't a list to rank Defi ecosystems, I think each have their own benefits, opportunities, and risks. I know there are other promising networks out there with equally good, if not better opportunities. I'll be making a follow-up posts on them. But for now, thanks to anyone who read up to this point! +Reddit is full of engineers from Silicon Vally living the Mr Money Moustache lifestyle. + +Us Brits are playing a different game and I'm curious. + +How much money does everyone save per month that goes towards total net worth (Includes pension, does not include house mortgage) +At times it feels like crypto is being pretty widely accepted by the general public, we see guys like Mark Cuban and Elon Musk adopting it for their companies, many mainstream companies like Charmin and Taco Bell are getting into the NFT game and at times it's a mainstream media darling when it's doing well. + +I would expect Reddit to be equally if not more supportive of crypto than the general public or that I might expect to see from say in a comments section on Yahoo News, however when I see Bitcoin or Crypto mentioned in more mainstream Reddit subs like r/news or others everyone seems to be talking shit about "crypto bros" or making references to Beanie Babies, its kind of crazy to me as Reddit tends to sku younger and be very tech friendly. Here's some of the types of comments I'm talking about and these are like handpicked comments this sentiment seems to be the majority. + +"Looks like Cryptobros will have to go back to Amway." + +"Pyramid scheme" + +"Anyone who thinks the world's governments and central banks are going to allow unregulated virtual currency to take over is dillusional." + +""Let's pretend a speculative asset masquerading as the most deflationary currency ever is the future of finance. This is a Very Good Idea and I'm actually an expert on economics, not a con artist trying to attract as many suckers as possible to pay me real money for my hoarded assets." + +"I’m not convinced it is here to stay. What is the utility of bitcoin? At least gold is used in electronics, jewelry etc…" + +"Digital Beanie Babies." + +"I put my entire net worth into beanie babies and He-Man action figures." + +"I mean NFTs are basically the crypto equivalent of beanie babies with the difference being that with beanie babies you actually have something that is worth a damn whereas NFTs are a fucking worthless scam." + +"Jesus fuck what is wrong with that dude? + +"El Salvadors President Jesus fuck what is wrong with that dude?" + +"This year, I invested in pumpkins. They've been going up the whole month of October and I got a feeling they're going to peak right around January. Then, bang! That's when I'll cash in." + +"I’m sticking with my tulip bulbs.I’m sticking with my tulip bulbs. + +"Obligatory Beanie Babies vs Bitcoin Investment Guide" + +"This happens to things whose only value is derived from what people are willing to pay for it. That bitcoin is worth anything is only because people think they will be able to sell it for more than they bought/manufactured it for. Maybe I'm wrong, but I don't think bitcoin is substantially different than beanie babies. If people decide it's no longer valued, it's just virtual junk." +I don't trust her. Not one bit. She has refused to let me pay the repair man, or anything else except her, personally. In the end, I don't want this on my driving record, so I'm going to have to give her the cash/cashiers check. It's a total of $926, and I will have no way to prove she got the money unless I make a document for her to sign. How do I go about doing this? + + +UPDATE: I have filed a claim with my insurance, and it's looking better on my side than hers. She refused to give me her info, which is a plus for me. +Not a fan.....at all. + +However grats to all those who made profits. I never would have thought they would be able to accomplish the dollar mark, let alone in 2017. + +Where will this lead us coming into the new year? Is Ripple still a trusted structure? + +The market is a growin! 640 billion and no signs of slowing down. + +My gran passed away last year. Suddenly this week my mum (as the executor of the will) got a call from the council. She expected a battle to explain they already paid all that was owed, but turns out the council owes money to my gran’s estate. + +Something I���d never thought to do, the new buyer successfully challenged the council tax band on the property. The council therefore had to refund years worth of overpayments that my gran had made. Over £6000 was added to her estate. + +Obviously think carefully is there’s a risk your band could go up. But worth looking into if there’s a chance it’s too high. +FIRE versus Gentry Class + +Let’s start with what the Gentry Class was… Historically, these were people that did not have titles of nobility and were not wealthy enough to be deemed aristocrats, but were effectively wealthy enough that they did not need to work beyond maintaining their estates or investments (generally rental properties). + +Let’s compare that with the Financial Independence component of FIRE. Financial Independence means you have amassed enough wealth to live on without working. Financially Independent people have enough assets or income producing assets to cover their expenses effectively for their lifetime. The Retire Early component is essentially that you do not need to work beyond managing your investments (but you aren’t required to do no work at all). + +Both those who have already FIREd and the Gentry are essentially the same thing. They’re not aristocrats, royalty, or nobility, but they are wealthy enough that they do not need to work for the rest of their lives. + +Those who are pursuing FIRE could accurately be described as being New Men or Women of the Gentry or leisure class. If they pass their wealth to their descendants (as many of us will). It’s entirely feasible that we’re merely continuing a centuries old tradition of merchants working to build a fortune (I’d say we’re a bit more modest about what is sufficient for our fortune) and retiring to live off investment income and pass that wealth to our children. It seems like we’re really the millennial generation’s less consumer-centric take on an age old paradigm. + + +I was looking at flights between Adelaide and the Gold Coast and noticed that to book a flight through Qantas, the price for ADL to OOL is $381 return when flying even with Jetstar. + +But when directly booking with Jetstar the price is $294. + +Why is there such a large gap? The times are the exact same and both are with Jetstar. Identical flights. + +I have a voucher to use hence why booking directly with Qantas. +Post says it all. TSLA is now worth $1.1T after the Hertz announcement. The market cap increased from $864B to the $1.1T in 4 days. That's a total of $236B increase in less than a week. The four day increase alone is worth more than Ford, GM, Nissan, and Honda total market caps combined ($67B, $79B, $22B, & $54B respectively). Four days....it increased by the size of some of the largest car producers in the US combined. It's total market cap is nearly 5X those same companies combined (you could own each of them 5X with TSLA market cap). + +All of that for a company that has less than $4b in operational income YTD, which by the way is about 8X less than the combined income generated by the aforementioned car producers. To also put that into perspective, it is now worth more than Facebook by $150B (that's a whole AMD market cap) which has generated 10X the net income YTD. + +I'm not a bear or a bull, I'm just watching this from the sidelines at this point. I just wanted to point out how crazy that is. +They have P/E of 5.83 with 5.15% Div yield. + +Since the company is still profitable, Is there a risk of div cuts? + +are they too far behind in EV and self driving? +My SO and I agreed back in 2020 that in 2022, we'd start looking for a house after renting for 6 years and saving up for a downpayment. Due to unforeseen circumstances, the market is bonkers now. + +Pre-2021/2022, in our area at least, you'd have most properties on the market for at least days/weeks, sometimes months. It was common for people to offer slightly less than asking price, full inspections, possibly even some other requests. It's not like you could totally lollygag around, but it was common with our peers you might have two you're picking between or at least a few days to "sleep on it" to pull the trigger. + +We've been actively looking and working with a realtor, but the circumstances today are nuts. We've been to a few open houses and here's how they all shake out: + +* Property hits the market on day one, explicitly say no showing before X date or the open house. +* Listing prices are 40% over what they were 2 years ago. $250k houses are now $350k+. +* Offers are due at open house or the night of. +* Sellers know they'll have multiple offers the day after and will review then. Final offers due that next morning at the latest. +* Realtor informed us pre-purchase inspections are commonly waived (don't absolutely have to be, but would "help our chances") as well as any other asks like appraisals, etc. +* She advised us to offer over asking price to help our chances. + +Our most recent finding was one we were interested in that just hit yesterday. Open house is Saturday. Realtor talked to the seller and they aren't interested in showing it to us earlier. Seller said they're going to review offers Sunday morning and that's that. + +I can't help but shake the feeling that people very much might be overpaying right now. My gut feeling is it's a frenzy out there and people might be making quick/rash decisions on emotion. I understand "that's how it is", but making a $350-400k purchases in just a few hours without even sleeping on it one night feels wrong. Offering over asking when a property is already 40% higher than what it was seems insane too. But I do also get that this is the world we're living in now. + +Our rent is extremely cheap at $800 and our landlord agreed to not increase rent while we're here as we've been good tenants. We're able to sack away tons of extra cash into investments currently. Our monthly housing cost would go from $800 to $2,000, plus we'd be on the hook for any repairs, upkeep, etc. Our LL also said we can move out at any point as long as we give him a month or two heads up. We're literally in an ideal place right now. + +I had to sit down with my SO last night and just lay it all out that I'm not ok jumping into it like this and feel pressured from an emotional and financial point of view. My gut says it's a terrible idea and in a year or two, we'll likely regret it. Peers and some sources online are saying prices are just going to continue to climb and we need to get in now or we'll never be able get into something in the future. + +If I don't feel ready right now, is it ok to wait out the next few months or maybe a year or two, continue paying cheap rent, and maybe find a deal that's more comfortable to stomach with less stress/pressure in the future? + +Bit of a rant and thanks for reading if you got to this point. +[GameStop.com](https://www.gamestop.com/) || Shop [Internationally](https://www.reddit.com/r/Superstonk/comments/vyyzmx/gamestop_retail_international_nft_game_informer/) || [NFT Marketplace](https://nft.gamestop.com) + +GameStop [Investor Relations](https://news.gamestop.com/) + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +# 🟣 [Computershare Megathread](https://www.reddit.com/r/Superstonk/comments/yjawq7) + +*gobble gobble'n up those shares* 🎃🦃 + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +# 🎁 [Very GMErry Holidays returns for more cheer!](https://www.reddit.com/r/Superstonk/comments/ylyszu/very_gmerry_holidays_returns_for_more_cheer_wont/) + +>Superstonk held a toy drive for Toys for Tots (TFT) last year and we raised over $103,000 in money and toys! +> +>We even had a way for Apes to shop GameStop.com and ship it directly to a TFT site that was super close to a GameStop distribution center in Grapevine, TX. +> +>We had a huge positive impact! And we’re doing it again. + +🏴‍☠️ [NFT Marketplace & Wallet Megathread](https://www.reddit.com/r/Superstonk/comments/vluysg/gamestop_nft_marketplace_wallet_megathread/) + +>Why is GameStop getting into NFTs? *WTF* even is an NFT? How do I set up a GameStop Wallet? How do I get a cool/custom wallet address? All these questions and more are answered here! + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +How to [feed DRSBOT](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/). Low karma? Post your DRS on r/GMEOrphans + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/yuarvq/how_to_get_a_userflair_on_superstonk_new_emojis) +[GameStop.com](https://www.gamestop.com/) || Shop [Internationally](https://www.reddit.com/r/Superstonk/comments/vyyzmx/gamestop_retail_international_nft_game_informer/) || [NFT Marketplace](https://nft.gamestop.com) + +GameStop [Investor Relations](https://news.gamestop.com/) + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +# 🟣 [Computershare Megathread](https://www.reddit.com/r/Superstonk/comments/yjawq7) + +*gobble gobble'n up those shares* 🎃🦃 + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +# 🎁 [Very GMErry Holidays returns for more cheer!](https://www.reddit.com/r/Superstonk/comments/ylyszu/very_gmerry_holidays_returns_for_more_cheer_wont/) + +>Superstonk held a toy drive for Toys for Tots (TFT) last year and we raised over $103,000 in money and toys! +> +>We even had a way for Apes to shop GameStop.com and ship it directly to a TFT site that was super close to a GameStop distribution center in Grapevine, TX. +> +>We had a huge positive impact! And we’re doing it again. + +🏴‍☠️ [NFT Marketplace & Wallet Megathread](https://www.reddit.com/r/Superstonk/comments/vluysg/gamestop_nft_marketplace_wallet_megathread/) + +>Why is GameStop getting into NFTs? *WTF* even is an NFT? How do I set up a GameStop Wallet? How do I get a cool/custom wallet address? All these questions and more are answered here! + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +How to [feed DRSBOT](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/). Low karma? Post your DRS on r/GMEOrphans + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/yuarvq/how_to_get_a_userflair_on_superstonk_new_emojis) +I would like to preface this post by stating two indisputable facts: I am an xxx ape and I will be moving at least half of my funds out of BoA. + +However, I believe a lot of the FUD surrounding BoA is exaggerated, although well deserved. Also, please note that I was an employee of BAML (Bank of America Merrill Lynch) for a number of years so I do have some unique insight. + +**Potential Myth #1** + +*BoA is closing consumer branches due to MOASS* + +Just because they are closing branches in droves does not mean it has to do with MOASS nor does it have to be because of something sinister at all. It could actually be a well calculated business move on their behalf aimed at driving profitability. I mean look at our beloved Gamestop...what are they doing? Closing physical locations. And what do we do? Applaud them for it (and rightfully so). But look at Square's Cash App, do they have physical locations? + +**Potential Myth #2** + +*Since BoA is selling a few commercial properties they must be liquidating for an incoming black swan.* + +BoA regularly sells their properties just to rent them back from the new landlords. This generates cash flow & liquidity. Liquidity?!?!? They must be needing cash because of MOASS! Well since when has it been bad to generate cash flow? And what better time to sell then during booming times in real estate. + +**Potential Myth #3** + +*Because BoA is Citadel's prime shorting broker, that $57B will blow up in their faces.* + +As of 6/30, BoA reported $3.03 trillion of assets on their balance sheet. That 57 billion is 0.2% of their entire balance sheet. That's like having one stock in your portfolio going to zero, bringing your account down from $10,000 to $9,979. OMG. Now, I get that there could be a contagion like event that ripples through the markets, but to what extent? That is such a small percentage of their assets. + +All in all, I don't believe BoA will be going under, but as an account holder there I am preparing for it. + +Please limit the hate just because I am trying to think of this from all angles. + +I love all you retarded fucks regardless. +Currently on mobile so I’m unable to post graphs and charts with useless lines and maybe a red circle. With all of this “Security vs. Commodity” bullshit people are really getting away from the original aspect of Bitcoin. Venezuela just bought how much more in hopes of restoring their economy? I am huge in the FOREX market (full time job, actually) and I just can’t wrap my head around how people think BTC is ever going to make it unless we go back to our roots. It is a currency. It should not have this much volatility. It is a currency. +Please use this thread to have discussions which you don't feel warrant a new post to the sub. While the Rules for posting questions on the basics of personal finance/investing topics are relaxed a little bit here, the rules against memes/spam/self-promotion/excessive rudeness/politics still apply! + +Have a look at the [FAQ](https://www.reddit.com/r/financialindependence/wiki/faq) for this subreddit before posting to see if your question is frequently asked. + +Since this post does tend to get busy, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts. +This would be a new strategy for me. INTC seems like it is leveled off and greatly undervalued, but price action is shit right now. + +\> How deep ITM should I buy the Call and at what expiration? + +\> What earlier expirations should I sell premium? + +\> What are the margin requirements and assignment risks for this kind of trade? + +Would appreciate any advice from those experienced with this strategy and whether it's worthwhile. Thanks. +*crossposting from WSB since this post is primarily about how selling options is propping up the hedge funds* + +TL;DR: Sell covered calls to lock in your GME gains, don't be a dumbass. If everyone KNOWS what's going to happen, then the guys paying $20,000 a year for a bloomberg terminal will get there first. I know you will already downvote and move on due to how many words are below so here's some rockets to keep your attention 🚀🚀🚀🚀 + +Alright, listen up dumbasses. This subreddit has turned to absolute shit in the past couple of weeks and all 5 million of you new members need a lesson in how hedge funds work. Not here to say $GME can't rocket further as retail investors keep piling on, but the "GuArAnTeEd ShOrT SqUeEzE" and "Make them pay OUR price!!" is some of the dumbest shit I've heard in my life. If you didn't get in and out at the beginning of the week and don't sell on the next big pop, you're fukt. Eventually we will run out of retail investors pumping the stock. + +Ever noticed the first part of hedge fund? These guys seek to maximize returns while minimizing risk. Their GME positions will all be hedged one way or another. Maybe they bought calls when this went on its way up. I personally believe that they have been selling cash secured puts to meet the interest requirements while they wait for the bubble to pop. You guys have been pushing IV so high, that even Gamestop $1p a year out will get you something like a guaranteed 25%. The stock shooting up to $300, $400 a share is everyone pricing in the short squeeze. As the funds continue using this upward momentum to hedge their losses (or even make money if their short position wasn't large), we'll run out of retail investors and everyone will make an exit for the door. + +This is a casino, not an investing community, or leftist radical movement. You guys have no idea what you're talking about thinking you're taking down the big hedge funds. The only people truly getting burned here are the dumbasses that buy for $250 and 💎🖐️ at $500, then sell at $80 when they can't stomach watching it go down further +I know there's theories and studies out there that none of this matters and doesn't affect probability of profit, but I've had a lot of success personally running that way for the wheel... Any chance there's a similar set of rules for CCS's and PCS's? + +Thanks in advance +Keep it friendly and civil; this is not WSB and automod will censor your posts at will for unsavory and unfriendly remarks. Try to keep shit posting and bragging to a minimum. +Relatively new to theta gang strategies and still trying to wrap my ahead around this. + +The further you move away from the current price for the long leg, the less premium you'd receive per dollar change in strike. + +So if you keep strikes close together, and your short leg goes ITM, then your long leg being closer to that strike is more likely to also become ITM to cap losses. + +For example, let's say I want to create a 390/391 call credit spread on SPY expiring 01/29. I'd get credited $0.23, with a max loss of $1. If I instead create a 390/392 call credit spread, I'd get credited $0.42 with a max loss of $2. + +Given that I could just create 2 spreads with strikes closer together for a slightly higher premium (in this case $.04), why would I ever pick the second option? + +Am I missing something? +Example: + +QQQ near the money options put/call ratios for 5/23, 5/25 and 5/27 are +1.27—-1.46—-.85. From Wednesday to Friday that’s quite a big shift towards neutral. Thanks for any insight. + This is not financial advice. I am not a smart person. I've gone full ape and DRS'd all my shares, made multiple broker transfers, and I'm just sitting on my hands waiting for MOASS but my ultra smooth brain noticed a trend. + +There is a huge uptick in negative sentiment towards NFTs, their usability, and entire concept of said NFT. + +[This was Cringetopia, 44k upvotes, 2k comments](https://preview.redd.it/c2pvlkhq5h081.jpg?width=1079&format=pjpg&auto=webp&s=cd4619641c8800a68635a8407b92962fa5458f2b) + +So it started about 2 weeks ago when I saw a couple posts hitting r-slash-all. I've been reading a lot of the comments to see the general attitude towards NFTs has been overwhelmingly negative. I don't fully understand NFT's myself, I get the concept on a very shallow level, but I'm lost when you start explaining the meat of it. Most people think NFT's are just little pixel avatars that people want to sell for a billion dollars, and they have no shelf life, no application, and just a new fad... But what people don't know is the application specifically for a marketplace of these things to make them more viable, faster, easier, and to be able to create your own NFT... or even better, a dividend of an oversold stock that would once and for all confirm that there are more shares being sold than exist hint hint... + +[r slash sad cringe, a lot of explaining why NFTs wont work](https://preview.redd.it/7c7bw8706h081.jpg?width=1079&format=pjpg&auto=webp&s=deeafe3c20641717ba7d4500113ea2ae8e64a97c) + +So here is my theory. SHF know that GME and Loopring are working towards reconstructing everything we have ever known about markets, commerce, and the internet as we know it. So at this point, spreading FUD towards apes has been... fruitless. Shareholders must continue to DRS their shares, but for the most part, if you've held this long, you're unlikely shakable. So how can they spread new effective FUD? + +The FOMO crowd. \*Untapped potential.\* Okay so jump into the mind of a man sitting in a meeting bouncing ideas on how to get apes to sell their shares. bad idea after bad idea come out to thunderous applause, then some Neanderthal has this bright idea; What if your biggest priority isn't to get people to sell, but to get people to \*not\* buy in the very near future... What if they see the NFT concept as a nail in the coffin, and when it gets launched, GME will beat out Amazon, Facebook, Wall Sreet, and EVERYBODY else to a completely new form of commerce which will send a HUGE wave of FOMO buyers to get in on the bottom floor of a revolutionary idea. What if you could stop the FOMO crowd from the get go, what if you could beat them to the punch and take it out at the knees... live another day... kick the can one last time. + +Now I'm no expert, but if I wanted to shut down something new, I would get the public to think it is silly, not going to work, and not worth the time or effort in the coming weeks. I BELIVE THAT THE NEXT WAVE OF FUD IS BEING SPREAD TOWARDS THE GENERAL PUBLIC TO NOT HAVE ANY FAITH IN NFT'S. + +We have seen this before, and it set humanity back centuries. Tesla v Edison, Edison spread FUD against Alternating current and got the general public afraid of the better idea. Sending the electrical age onto the path of Direct Current instead. We saw automotive giants watch as cities across the country prepare to build massive public transport systems. They spread fud about the annoyances of trains and how luxurious the car is, they bought up the public transport projects and shut them down. its why cities across the US have absolute trash public systems, because they were killed off before they could take off. + +[First exposure for 15k upvoters, 1.9k commenters](https://preview.redd.it/hcc3gbv36h081.jpg?width=1080&format=pjpg&auto=webp&s=721b7c5c8cabb86cdfd5b0fa3774059b242ad238) + +So don't just take it from me, look at some of the top posts recently when you search NFT and sort by relevant... all those 15-20-30k karma posts are suspiciously popular, especially since this early in the NFT game, I would suspect these posts are the first interaction and first exposure for a LOT of folks who are just learning about NFT's. So once GME and Loopring make an announcement, If people hear "Game Stop, NFT" they will only have a few memories to form an opinion, ad since they are negative, they wont "buy in" to the shares, or the concept. and that my friends, is how you cut off the FOMO crowd by making them doubt the very concept they so desperately need. + +[More fud in meme form.](https://preview.redd.it/c237ll896h081.jpg?width=1080&format=pjpg&auto=webp&s=0d039054fd50134d228388c5b944fa1eeba8114b) + + So what can you do? Honestly, I'm not sure. try to educate people on how NFT's can be more than a twitter profile picture, and their application on wall street will change the game forever. Being able to digitally buy and sell games, profiles, in game items, skins, maps, etc. I think educating the public is our best bet to beat this form of FUD. + +&#x200B; + +At the end of the day DRS your shares. this is the way + +&#x200B; + +Everybody at Citidel can go fuck themselves. +Got here cuz the dude told us to came out in new to fix the sub. I’m DRS. CHILL. ASF. +Almost done with my first full week of being a teacher. Got a baby on the way. Buying more GME every week through my buy ins at CS. +Pretty excited for more. :) +Anyone else care to join? Pull up a chair and let’s talk! +&#x200B; + +https://preview.redd.it/492swabr7tw61.png?width=491&format=png&auto=webp&s=3e776edab66d81035343a60a64f0fd7b7325431a + +TLDR: Fuck I hate you. But because I love you and want to help you - This fund is literally lying to their clients about GME. I would be paying very close attention to where my money is invested, because these people don't have my best interest in mind. + +&#x200B; + +https://preview.redd.it/xsf0z8la4tw61.png?width=490&format=png&auto=webp&s=3d932a772927e6e5be0d54ddc34b894f1afab0fb + +Not financial advice, make your own decisions on how you invest, but do your own due diligence. *Get it?* + +In the last week we have all been examining SEC filings a lot more. I think it goes without saying that we are all understanding it a lot more. + +Well, I have found another little bit of information from more billionaires who are so concerned about Gamestops lack of growth after the Jan squeeze that they have straight up removed it from all of their EFT funds, and into their own pockets. + +Now, if you know anything about the legal term "Adviser" vs "Advisor", an "Adviser" is required to act in the best interest of their clients. An "Advisor" is not as esteemed of a title, but is still an integral part of the financial sector. + +Last week, I found a link between Dimensional Fund Advisors (a massive ETF investment firm) and Susquehanna. It seemed that DFA holds (or held) some amount of shares of Susquehanna in the past, however I think I may have been wrong that they are a large portion of Susquehanna (irrelevant; they are still tied in to this). + +So here is how this next part works: + +As an employee you are entitled to pick mutual funds or ETFs that you want to invest a portion of your money into (depending on your companies retirement plan). You are given the "choice" of a bunch of funds and you pull the trigger and your little nest egg grows over your 50 years of slave labor until your retirement date. Hell, based on Dimensionals Funds, my unborn childs funds have already started to grow. + +&#x200B; + +[rETIreMnTT](https://preview.redd.it/42k2ckzzosw61.png?width=1850&format=png&auto=webp&s=785623e6a98e788a33c832b419382e840cc602d7) + +So here is where Dimensional plays into this. Another \~$300B entity that is supposed to have their advisors looking out for their clients, but HAS to follow the main Advisers final decision, based on their prospectus. + +4 Trusts and 1 Initial Adviser that approves everything flowing through these entities. + +And here is the greatest story, I have actually found proof compared to "tHE sHortS CoverREddd": + +**FEB 11, 2021** + +\*\*After peaking, GameStop’s subsequent fall in price put it in the low profitability growth space of the small cap market, which we exclude across our equity portfolios due to low expected returns. Our daily process allowed us to again respond quickly. By February 3, we had completely sold GameStop from all Dimensional portfolios.\*\***^(1)** + +**Before the sharp price increase in January, GameStop had been a high revenue earner in our lending program over the previous year due to its high cost to borrow. As we do for all stocks held in our portfolios that lend securities, we work to maximize the revenue received, which we believe benefits the portfolio’s overall return.** + +\*\*The cost to borrow a security also contains information about expected returns. We take that information into account when making trading decisions. In addition, we look to avoid purchasing stocks at loan for high fees, as the expected returns on such stocks are low.\*\***^(2)** \*\*Dimensional’s portfolios stopped buying new shares as the information from the high borrowing rate on GameStop indicated a lower expected return.\*\***^(3)** + +**This example highlights how we implement our daily process each and every day. However, what we did with GameStop is not unique to this situation. We regularly use new information about expected returns in a flexible manner to maintain consistent exposure to higher expected returns. GameStop is a case in point of how quickly prices can change and the importance of a robust implementation process that can be nimble and respond systematically.** + +1. Oh did you? Because your SEC filing says otherwise +2. Pretty sure this is stating they look to avoid borrowing high rate stock for shorting lol +3. So basically, when GME went to almost $500, the borrow fee DROPPED?!?! We fucking KNOW it is HARD TO BORROW AND THE BORROW RATE IS ARTIFICIALLY LOW CURRENTLY THATS WHY IT WENT BACK TO $350! + +**So why does their 13HR/A SEC filing say different???** + +&#x200B; + +https://preview.redd.it/ga4aev6lwsw61.png?width=1153&format=png&auto=webp&s=0d7376cf3a14594434edfed405e30b71f4ca01ec + +https://preview.redd.it/rv6o6hmxwsw61.png?width=1890&format=png&auto=webp&s=35b91c5e9499466a8d1714f574c35970fcb198dc + +These fucking guys are flat out lying to their clients. They basically said we sold it from all of our funds, but we might make more money off it (we will), so we are keeping it for ourselves and not the peons invested in our funds. + +Here's the next best part. The chairman, David Booth, came out and had to make a statement because so many people were asking questions. + +[https://www.dimensional.com/us-en/insights/think-investing-is-a-game-stop](https://www.dimensional.com/us-en/insights/think-investing-is-a-game-stop) + +&#x200B; + +[Wait, this isn't a casino?](https://preview.redd.it/1u0y6sxfxsw61.png?width=903&format=png&auto=webp&s=41f45ceadffca71be8ca450029163b9eb2048090) + +**"... I’ve always believed you’re better off betting with the whole market than on individual stocks, through a low-cost, highly diversified portfolio. Then let time and compounding do their work. Compounding is the investor’s best friend: if an investment grows at a rate of 10% a year, that means a dollar invested has doubled every seven years.1 As a point of reference, the S&P 500 has grown at rate of 10.26% since 1926, though it’s worth noting that** **the path is rarely smooth**..." + +He's basically saying, shut up and accept your 10% per year in our funds so we can make more money and you can keep working. 10% per year? YAYYYY. Does this account for inflation? Because your 10% compound is pretty much garbage with "2% inflation" \*wink wink\*. + +**"... Indexing has turned out to be a good solution for many people. I was involved in the creation of one of the first index funds early in my career, and I’ve enjoyed watching the positive impact indexing has had on the industry. For those who want more customization and flexibility, there are ways to build on the strengths of indexing while correcting for some of its weaknesses. At Dimensional, we’ve been working on improving upon indexing for the past 40 years..."** + +A good solution. Not a great solution. He basically created the index funds, and between him and everyone else saying "rEtAIl is CAuSnG tRouBLEe!!", I am willing to bet they are about to lose **A LOT** of money if individual investors get into researching their investments on their own. Their cash cow is about to die and they fucking know it. He doesn't even speak about GME in this article, but he fucking *KNOWS* what is going on. And if our parents are starting to call their investment firms asking about GME, then they know they can't get ahead of this if more people keep buying it. + +Basically, all of this is eluding to the fact they *reallyyy* don't want retail around for this stuff. Because it will literally cause a wealth shift to those who have funded their rich lifestyle for the past 50 years. And will add a variable that they can't predict. + +More confirmation bias when billionaires come out and say that people should be more concerned about their risk than researching and finding their own plays. + +**Fuck you, pay me.** + +Oh, and you want some proof we are on the right track? I have some messages I have been receiving from people after my last post, trying to make me feel paranoid. I don't believe there is some grand conspiracy here. This is billionaires who overplayed their hand and are about to get bent over by retail and might have to work a part-time job again if more people switch to retail. I will show anyone the messages if they ask, because I don't really think the time spent diving down the conspiracy hole is going to help any of us. + +&#x200B; + +https://i.redd.it/qjeh5szj1tw61.gif + +Personally, I would be calling Dimensional and finding out why they blatantly lied in their releases if I was a customer. But I am not, so I don't care. + +References: + +1. [https://www.sec.gov/edgar/search/?r=el#/ciks=0000354204&entityName=DIMENSIONAL%2520FUND%2520ADVISORS%2520LP%2520(CIK%25200000354204)](https://www.sec.gov/edgar/search/?r=el#/ciks=0000354204&entityName=DIMENSIONAL%2520FUND%2520ADVISORS%2520LP%2520(CIK%25200000354204)) +2. [https://www.sec.gov/Archives/edgar/data/354204/000035420421000651/xslForm13F\_X01/13FQ42020.xml](https://www.sec.gov/Archives/edgar/data/354204/000035420421000651/xslForm13F_X01/13FQ42020.xml) +3. [https://blog.amdgservices.com/dimensionals-approach-to-the-gamestop-trading-events](https://blog.amdgservices.com/dimensionals-approach-to-the-gamestop-trading-events) +4. [https://www.dimensional.com/us-en/insights/how-we-handled-gamestop](https://www.dimensional.com/us-en/insights/how-we-handled-gamestop) +5. [https://www.dimensional.com/us-en/insights/think-investing-is-a-game-stop](https://www.dimensional.com/us-en/insights/think-investing-is-a-game-stop) +6. [https://us.dimensional.com/funds](https://us.dimensional.com/funds) +I've been a Coinbase faithful for nearly 2 years now. For as long as I can remember I have been purchasing 1BTC on the same day (pay day) every two weeks, like clockwork. I satisfied all of their KYC requirements and then some and have been a full verified user for almost 2 years. I've been using the same bank account, my personal checking, to purchase bitcoin. + +I have heard all the stories about Coinbase rejecting purchases for whatever ambiguous 'high risk' reasons they think make sense, even from my own sister, but I had never myself experienced any problems making my regular bi-weekly purchase of 1BTC and I always kind of assumed that my loooong account history of very consistently doing things the right way every time ... every ... two .. weeks perfectly was probably keeping me safe from these arbitrary purchase cancellations. + +And then today happened. Actually, this *just* happened less than 15 minutes ago as I write this, which is part of my eventual point actually. + +So I was expecting my normal every-other-Thursday morning email from Coinbase today letting me know that my 1BTC is waiting for me in my account wallet but, instead, I get the 'high risk' cancellation email that has become so infamous. Here it is: + + Hi Spotted Marley, + On Oct 17, 2014 you purchased 1.00 BTC via bank transfer for $383.90. + Unfortunately, we have decided to cancel this order because it appears to be high risk. + We do not send out any bitcoins on high risk transactions, and you will receive a refund + to your bank account in 3-4 business days. + + Please understand that we do this to keep the community safe and avoid fraudulent + transactions. Apologies if you are one of the good users who gets caught up in this + preventative measure - we don't get it right 100% of the time, but we need to be cautious + when it comes to preventing fraud. + + You may have more luck trying again in a few weeks. Best of luck and thank you for trying Coinbase. + + Kind regards, + The Coinbase Team + +I won't spend any time going into how fucking ridiculous it is to suggest that my order appears to be high-risk. It's just the most insulting violation of our relationship that it makes me want to puke. And why did it take 7 days to determine the suspicious nature of the purchase order? I digress, because I just don't care anymore. After I got the email from Coinbase, and after a moment of fuming in my chair, I decided one thing for certain.. I'm never using Coinbase again. This sort of violation feels identical to experiences I've had with traditional banking and is something that I use Bitcoin to try and *avoid*. They're just going to *decide* whether I can have the bitcoin that I purchased? .. uh .. yeah right. + +So I had signed up for a Circle account a couple weeks back, verified my account, etc... but I had never actually logged back in to use the account since then. It seemed like a cool service and all but I already had a process in place that worked fine and that I was very used to using every two weeks with Coinbase so I didn't think much about Circle until this morning. + +I logged in to my Circle account, transfered money from my bank, bought 1 bitcoin and sent it to my offline wallet. + +It took about 30 seconds and happened instantly and flawlessly. + +Thanks Circle. I hope you never violate my trust. + +Peace out, Coinbase. We had a good thing going for a while there. +There was some "weird" speculation on this sub a few days ago that Warren perhaps bought into Tesla...it ended up being Verizon and Chevron (lol) + +* * * + +Warren Buffett’s Berkshire Hathaway Inc. cut its Apple Inc. holding during the last few months of the year. + +The conglomerate also revealed three new buys that it snapped up in secret. Berkshire bought stock in Verizon Communications Inc., insurance broker Marsh & McLennan Cos. and Chevron Corp., bets that were granted confidential status and not revealed in a third-quarter regulatory filing, according to an updated document released Tuesday. The Apple stake reduction left Berkshire with a holding valued at US$120 billion at the end of 2020, according to another filing. + +Berkshire spent the last three months of the year revamping its bets on some other sectors. Buffett’s conglomerate cut a few bank holdings, exiting JPMorgan Chase & Co., PNC Financial Services Group Inc. and M&T Bank Corp. while slashing its Wells Fargo & Co. stake by 59 per cent. The company also shifted a recent bet on drugmakers by increasing a stake in Merck & Co Inc., Abbvie Inc. and Bristol-Myers Squibb Co., while exiting a recent investment in Pfizer Inc. + +Berkshire also exited a bet on Barrick Gold Corp. The investment was a surprise when it was revealed last year, given Buffett’s years of chiding the precious metal. + + https://www.bnnbloomberg.ca/berkshire-trims-apple-bet-reveals-chevron-verizon-holdings-1.1564415 +Hi all. Wife and I inherited (free and clear) a 2 unit older home in Byram, CT. Selling is not an option at this time for wife's sentimental reasons. + +Rehabbed the lower unit and will be renting soon at market value. 2nd floor unit was already rented (no lease, handshake deal) by a nice family who has taken good care of the place and pays their rent on time. They agreed to sign a lease, and we increased their rent from 1100/mo to 1500/mo without any objections. This was per advice we got to "not increase too much; keep them they are good tenants". + +Problem is, I am now discovering the fair market rental for that unit is probably at least 2000/mo or more. + +So my question for you experienced landlords is this: What is a reasonable "good renter" discount to give (vs. fair market before you're just better off ending the lease and starting out with new tenants (or risking losing the current tenants by increasing too much, too soon)? Am I wrong to think that $500/mo is too generous? +A front page graph in the WSJ today is labeled "**Investors Push Rents Higher**." +. +That's a **lie**. Investors increasing the number of rental houses available would **increase supply** which would **decrease rents**. They went up 13% because of **increased supply of USD** in spite of increased supply of rental houses. + +The idea that investors or any other landlords raise rents to whatever amount they want is Marxist drivel. + +I once had a tenant whom I had not raised in a couple years. I gave him a CPI cost-of-living raise. He said it was too high and moved out. I tried to rent it at the new value. No takers. + +I ended up having to **lower it back to where his previously was** to rent it. I was punished by two months of **NO** rent. So much for landlords charging whatever they want. Rents are set by the tenants currently looking for an apartment. + +Sometimes the CPI goes up buy rents do not at that time, and vice versa. + +📷1Richard Wright +I recently started my investing journey and have been following a lot of material online, over podcast, reddit, books etc. Whilst I have been learning to better my own financial situation through all these resources, I seldom hear about charity. I have already saved hundreds of dollars from changing X to Y, and because of that I feel like I can give more. + +I have yet to see a post about charity work/donations, but I believe anyone achieving FIRE has the capacity to give to the less fortunate. I earn a below average wage and believe I can give. + +My question to Reddit is, if you donate, who do you donate to? I’ll be researching later tonight on lots of organisations, and will be making a fortnightly donation with every pay check, but just want to know who I can part my money with. +so england narrowly sscaped their lehmann brothers moment this week witb boe buying back bonds to prop up marketsz which was caused by current government slashing taxes + + +this seems awfully simar to Australia situation. can someone explain if it actually is or isnt +[Chart of data](http://i.imgur.com/RB2YWtG.png) + +This data was extracted from Personal Capital and is a plot of my net worth. There is data from before October 2013, but at that time I hadn't linked most of my accounts, in particular my loans. Today was a significant day for me because I had finally reached the point where my net worth is positive. + +My story is, I finished with about $150000 or so of debt out of graduate school in 2012 and finally started making an income and living on my own. Previously, my only previous job was a low-paying job during college, and this was during the 2007-2008 period. At that time I had no knowledge of what a 401k or a Roth IRA was, no clue about a stock or a mutual fund. The financial meltdown didn't register with me. Even in 2012 after starting my job I was still unaware of anything related to investing. + +Some time during my first year of working I stumbled upon the The Bogleheads' Guide to Investing book. It was useful knowledge, but I didn't have the determination nor confidence to initiate the plans laid out in that book. It was only a year later, after reading it once more again, did I finally open my Roth IRA with Vanguard. I played it safe with just VTSMX. + +With regards to my student loans, I was on the IBR plan. I had no clue the amount of loans I would be taking out back then and no idea of the difference between subsidized and unsubsidized. In retrospect, I was never explained any of this when I accepted the financial aid package. Maybe they briefly did but if they did, I never thought about the future. I'm sure they would have explained if I had asked, but they did not volunteer this information (say what you will, but without a good mentor, without knowing what to ask, without knowing where it's headed, you are young and you don't necessarily have the foresight to see this). In addition I didn't realize paying this IBR amount would make a negligible dent to the loan principal. I feel most students and graduates end up in this situation. + +It's unfortunate I can't explain what happened between 2013 and the end of 2015. My loan about was about $160000 at that point and stayed constant from 2013 until July 2015. I probably hoarded cash during that time (ie sitting in checking account making the bank money; I also did not have the concept of an emergency fund in my mind at this time) and spent it on stuff. I did maintain my yearly maximum Roth IRA contributions, however. It must have been around this time that I realized, gee, I'm accumulating over $10000 per year interest; any payment less than about $850 means all I'm paying is for interest (and my payments were a pitiful $500 a month). [Here's a plot of my student loan payments over time](http://i.imgur.com/W0YiI0z.png). + +I started paying extra each month when I had the extra money. The increase in net worth over the first half of 2016 cannot be explained purely in terms of paying off student loans, which I won't get into, but let's just say I made some atypical investments that in retrospect I would not have with my current knowledge. In short, stick to the Bogleheads philosophy to investing. If you see charts and numbers claiming high returns and they compare these directly to the SP500, assume they are manipulated (not fabricated, but selected for certain timeframes to make them look favorable). You won't regret ignoring these; just play it safe, slow, and steady. Keeps life simple, keeps the tax returns simple. + +Continuing on, in mid 2016, my new job started. This one gave me access to a 401k and a great 403b so I have been shoveling money into these accounts to the best of my abilities, so my net worth growth continued on the same trajectory. I also refinanced my student loans, more than halving my interest rate ($10000 to less than $5000 per year). I don't get a tax deduction on student loan interest no longer, plus my future income will be consistent, therefore I was comfortable with refinancing and losing the student loan benefits. With Personal Capital, when they were pulling data from Sallie Mae/Navient, it only looked at the principal and did not include the interest on the principal, therefore I was saddened to see that large dip once the new refinanced amount registered in Personal Capital. + +Also of note, in 2016, I had been leaving money in a checking account, enjoying seeing my balance grow larger. The realization, however, that doing that just gave the bank extra money that it can use to make money for itself led to me opening a high-yield savings account and diverting my money there and leaving a minimum in the checking account. 1% is not much, but a dollar is still a dollar. + +With loans refinanced, I paid a steady amount per month. The interest rate is low enough that I feel comfortable diverting money towards investments/savings instead of paying off the loans faster. Every two weeks the remaining extra money bumps up my investment accounts and my net worth number inches towards $0 and it finally broke the $0 barrier this week. I still have a long way to go, but that is another story. + +It's a long post; thank you for taking the time to read all the way here. If you're early on in your life, mid-life, or even later in life, I hope you picked up a few useful tips and mistakes not to make from my story. Currently I am reading The Millionaire Next Door. I have read quite a few blogs on investing, retiring early, etc, so have a decent amount of knowledge regarding investing safely and reasonably. Even if you feel the same, I felt reading The Millionaire Next Door affirms that living frugally and prioritizing saving is the right path, and the anecdotes in the book about the mistakes people make help me avoid the same ones in the future. +If you have anything to do with prices in your research process (outside of over/under valuations), then you are doing something wrong. Do your research and become familiar with it. Check for a product, team background, and distruptive use cases! The 97.5% will become noticed, don't get rekt!!! +I was reading a bit about what Donald Trump said in 1999, that taxing the richest people in America 14.25% would greatly decrease the national debt. I'm not very knowledgeable in economics, but I wanted to know how a plan like that would not work. + +You'll probably laugh at me for this, but say America used a plan with a 14% tax on individuals worth over 10 million, 10% tax on individuals worth 1 million or more, and 6% tax on individuals on everyone else. Of course I don't have knowledge in this area, and simply thought of it off the top of my head. + +Please remember I don't really know a whole lot about economics, so explain why something like this would not work for America. +I’m hoping to get serious answers from folks who went through 2008. + +What was a good way to safeguard yourself against the 2008 crisis? + +How as a 30 year old can I make sure I don’t make a Bad decision. + +I’m trying to buy a condo at the worst moment. Does it make more sense to squirrel my money away for the next year somewhere? + +Or should I keep my money in the bank +I always feel weird bragging, but it seems people around here like to here success stories, and everyone around me is just super jelly, so it's hard to get any credit for my achievements. + +I quit my job as a software engineer just two weeks ago with $750k in total assets. The number might seem a bit low, but I have decent income from two rental properties, and I'm pretty confident I'll have north of a million within five years from real estate and bitcoin gains. Yes, it's speculative, but if I'm wrong I can always find a job easily and earn the big bucks again for a couple years. + +**Here's my current financial situation:** + +-own a paid off 6 bedroom rental house + +-co-own a 9 bedroom rental house with my best friend. We both live in the basement which has separate kitchen, W/D, two bathrooms, etc. + +-have about $150k in bitcoin + +-have around $120k in cash, which I'm working on an investment plan for. I'll likely throw $40k-$80k into solar panels for my two houses, and put the rest in some low risk ETFs + +**And here's how I got to where I am:** + +-I was raised frugal, and never really cared about the finer things in life, so saving came naturally to me + +-I was lucky to come out of college with no student debt. I did running start, then two years at CC, and then my final two years at university, all while living at home. + +-I've been working as a software engineer for the last 12 years. I started earning around $60k out of college, and most recently I was making nearly $150k + average bonus of $30k. + +-The majority of my adult life I've rented rooms in shared houses because I really like living with others and it's way cheaper. I lived in a closet in a 6 bedroom house, a basement and then an attic in a 9 person house, some other more normal situations, and now my current situation in the basement of my rental house. I was married previously, and even during that time we rented out rooms in our house, it's just the way I like to live. + +-I've cashed out about $300k profit from bitcoin after buying it at $6 years ago. I still hold $150k of bitcoin as I'm very bullish about its future. This big gain put me a few years ahead of schedule on my plans. + +-I made some pretty good returns on gold and silver before I got into bitcoin (I used to be a doomer :) ). + +-I had pretty good timing on house purchases and was able to select two properties that had a very good rental price to purchase price ratio. + +-Overall, I just lived relatively cheaply. Basic things like cooking my own food, going on cheap vacations (camping, cheap hostels, etc.), driving a cheap car (geo metros represent!), not paying for much entertainment, and just enjoying the simple free pleasures and adventures in life. + +**How I got interested in all this:** + +I was a hardcore doomer before I got interested in retiring early. I read things like Ran Prieur, and Derrick Jensen, and through that I learned about the idea of dropping out of society. My first attempt was a foolish one 7 years ago with a mere $100k in the bank, thinking I would just buy land and be self sufficient. Boy did I have some growing up to do. I never purchased any land, but I did end up taking about 7 months off work, but I eventually got back into the game. I finally wised up and realized the world wasn't going to collapse tomorrow, but I never lost sight of my goal of becoming truly free from jobs I hated. + +**What my plans for the future are:** + +Right now I'm just in recovery mode. In the last year, it's become quit apparent that I've neglected my health and let 12 years of desk jobs I didn't like run me into the ground. The last year of work I felt like a complete zombie, just zoned out and waiting for it to all be over. Now I've been walking a lot everyday, and going to the gym 5+ days a week, and I'm bouncing back very quickly. Before quitting I was worried about finding motivation to do things, but now I see that I was just under a state of chronic stress for years, which had killed my natural drive and sense of curiosity about the world. + +I'm not one to be happy just chilling around all the time. I want to build things, learn new skills, create art, see crazy ideas through to completion, etc. I have a ton of ideas, so it's hard to say what I'll end up doing. I really like owning/running community houses, so I might try to acquire another property for this purpose. I have a crazy vision of creating a network of such houses in my city to help build community for those who are seeking it. I also love carpentry and would like to get better at it and build a tiny house in my back yard. + +[EDIT] - better formatting +[https://www.thestreet.com/investing/options/chargepoint-is-surging-did-the-smart-money-see-it-coming](https://www.thestreet.com/investing/options/chargepoint-is-surging-did-the-smart-money-see-it-coming) + +Pretty solid graph in here with a timeline of all the $CHPT purchases this week and last: [https://imgur.com/gallery/eYCA6g9](https://imgur.com/gallery/eYCA6g9) + +tl;dr: Probably insider trading, or a huge gambler, but either way, this guy turned 33.86M into probably half a B. Worth checking out if you're an options nerd. +What?! In only NINE FREAKING DAYS! + +The data for the 2020 survey is now available. There are two tabs - one is essentially the raw data, and the other is data I did some minimal cleaning up on. An explanation of the cleanup is in the third tab. + +Here you go: [https://docs.google.com/spreadsheets/d/1H4RMvxioEkhOhSpOsL5SeHFSrjkN68L4HxHQRv8V52M/edit?usp=sharing](https://docs.google.com/spreadsheets/d/1H4RMvxioEkhOhSpOsL5SeHFSrjkN68L4HxHQRv8V52M/edit?usp=sharing) + +And if you want some history, here are the prior results. It's interesting for me to see how the questions have evolved over the years, I had a fun little trip down memory lane looking at these. + +2018: [https://drive.google.com/file/d/1n2IpbpA\_vGKSflRNuiRo-slvJdpptLfM/view?usp=sharing](https://drive.google.com/file/d/1n2IpbpA_vGKSflRNuiRo-slvJdpptLfM/view?usp=sharing) + +2017: [https://docs.google.com/spreadsheets/d/11rwMAOLCOH2kJMVKeywoBWFGRY5RzORNzKR\_BhoXbiw/edit?usp=sharing](https://docs.google.com/spreadsheets/d/11rwMAOLCOH2kJMVKeywoBWFGRY5RzORNzKR_BhoXbiw/edit?usp=sharing) + +*Note: This is the first time a spreadsheet of the 2017 results has been released, originally it was displayed via a website that is now defunct. The 2018 and 2017 results are partial - all respondents were able to opt in or out of being in the spreadsheet, so only those who opted in are included. In 2020 respondents who did not want to be in the spreadsheet were not allowed to complete the survey. The 2017 format is a little different because the survey was done in SurveyMonkey, as opposed to Google Forms for 2018 & 2020. 2017 also suffered from lack of clarity in the time period responses should cover, which was corrected in later versions.* + +**EDIT / UPDATES** + +Reporters/Writers: Email [redditfisurvey@gmail.com](mailto:redditfisurvey@gmail.com) or send this account a private message (not a chat) with any inquiries. + +I'll add visualizations to this top post as I see them so they don't get lost in the comments. + +Here's a visualization from /u/fgoussou + +[https://app.powerbi.com/view?r=eyJrIjoiNTdlNDM0ZWItYWNlZi00MjM0LTg4YjYtZTMyYjY1YmU3MTBhIiwidCI6ImU5MDljNzZiLWE4YjgtNDg4OS1hOGNkLTUwMTFkMTE0NDRlNCIsImMiOjl9](https://app.powerbi.com/view?r=eyJrIjoiNTdlNDM0ZWItYWNlZi00MjM0LTg4YjYtZTMyYjY1YmU3MTBhIiwidCI6ImU5MDljNzZiLWE4YjgtNDg4OS1hOGNkLTUwMTFkMTE0NDRlNCIsImMiOjl9) + +Visualization from /u/waaayne + +[https://www.reddit.com/r/financialindependence/comments/m4ptzu/2020\_fi\_survey\_results\_power\_bi\_app\_detailed/](https://www.reddit.com/r/financialindependence/comments/m4ptzu/2020_fi_survey_results_power_bi_app_detailed/) +To be clear, I know this post will attract plenty of people who say it’s Dutch tulips all over again and others that will say they’ve just fuelled up their Gulf Stream jet from the profit they made in the last 20 mins, but seriously for those with a diversified investment portfolio, do you own any and what percentage does it make up. + +For clarity I was offered to buy bitcoin when they first came out (working in IT at the time) I declined to spend £150 on it then, which I obviously regret as it’s possible I’d be deciding on what face my next supermodel girlfriend should buy next (or more likely sold as soon as they were worth double what I paid). I’ve never bought any since, but after going all in to property over the last 15 years are looking to drastically diversify my investments. I’ve recently invested in S&S, likely to put a percentage into precious metals and crypto is likely another option in the near future (even if a lot think the opportunity has passed already). + +A lot of my friends and family have bought some, usually as a bit of a gamble. The majority have fared poorly and made big losses but only because they needed to sell at short notice rather than thinking long term. +As I've become more comfortable in recent years I've felt much more compelled to give money to those sleeping rough around the city I live in. £5 or £10 here or there isn't a big deal to me any more, and I feel like why should I have that money just sat in my wallet or my current account when I see the same people sat and sleeping on the street every day. The homeless people I do tend to give money to are those I see regularly sat outside my local shops. THe majority of the time I'll buy something they need from the shop, but I will sometimes just give cash. + +I'm aware that throwing a few quid their way every few weeks isn't going to change their life or magically fix their situation, but surely it must help a tiny amount. + +I've been met with more negative reactions to this than I'd have expected, being told that I shouldn't give rough-sleepers money because it's not helping, or they'll spend it on drugs, or similar arguments. + +I'm aware I sometimes look at the world through rose-tinted glasses, but is it really 'wrong' or 'not helping' to chip people more in need than myself a few quid here and there? Should I be giving that money to a charity instead? + +It's difficult to write this in such a way that it doesn't sound like I just want a pat on the back, so apologies if that's how it ends up coming across, but I’m just interested to hear others' thoughts on this. I know that the majority of people aren't going to save up that money sensibly to get out of their situation as quickly as possible and that it could be spent in ways that perpetuate their situation. + +Essentially it sucks that I'm sat here comfortably in my house and there's a guy a few hundred metres away sleeping in a tent behind Tesco, and that makes me feel kind of shitty. +How many here generated most of the income or are on their way to fatFIRE via owning/operating a service business? Roofing, plumbing, landscaping, etc. + +Wife and I are both in residential real estate but I can see the writing on the wall regarding automation and am thinking of making a pivot to a home-related service business and using old contacts as a solid base. +This is me being entirely new to this subreddit, but I've read a decent amount of posts. + +What I've deciphered so far is that it's for individuals who have amassed a hefty fortune, either through inheritance or through a career of some kind. + +So I have a two part question I guess: + +1. If it's an inheritance, what is the question/objective? The money to be FI is already there. So what is the question at that point from a fatFIRE perspective? How to use the money? How much you "should" use? Or how much is enough? What is the goal? + +2. Of it's through career, in most cases (not all) it takes a significant amount of time to get $150-200k+ yearly income. Whether it be through entrepreneurship or through the corporate ladder. So of it's through entrepreneurship, wouldn't the goal be to just allow your business to run itself through proper delegation and thus allowing you to be FI? And if it's through a corporate job, wouldn't there be enough money saved through 401k/personal savings/assets at that point to be FI? + +I am genuinely coming from a standpoint of wanting to understand what the true "goal" of FI is for individuals who identify as a extremely high earner/net worth. I hope my questions don't come off as condescending or anything because I'm not coming from a place of ill intent. +After BlockFi declared bankruptcy today, it's time to take a closer look at Nexo. + +[Nexo 10&#37; “Yields“](https://preview.redd.it/5yrl9udu4q2a1.jpg?width=625&format=pjpg&auto=webp&s=17cac194318c3414007eca1b53f2c50243e055a4) + +As you can see Nexo is paying 10% on stablecoins. Where does this yield come from? + +If the yield is greater than the “risk free” market rate, they are by definition taking directional risk to chase said “yield“. This is a big red flag! + +Nexo makes interest via collateralized borrowing to users, and it’s higher rate than the yield provided. The problem here is that in a system with no lender of last resort, the commercial bank model on crypto rails can blow up, quickly. “Liquidity issues”, and every customer have lost their money. + +Nexo also controls over 82% of the total supply of its tokens: + +[Nexo Token Supply](https://preview.redd.it/xrlq9pxu6q2a1.jpg?width=1642&format=pjpg&auto=webp&s=32dd5649304d9d645e4a929e33fcf74f18255ea9) + +85% of Nexo’s total assets held on Ethereum are Nexo tokens. This means that the platform’s backing could become compromised if liquidity issues mount. + +[Nexo's Ethereum Assets](https://preview.redd.it/azbhcx8i7q2a1.jpg?width=1084&format=pjpg&auto=webp&s=90d6200bebff55b386b22287e8fcb1f6ba3ae10a) + +Nexo is full of red flags and could be the next company to fall! +Female, 23, not a student/graduate. + +I've tried budgeting, planning, etc, but things always come up or I mess up. Something unexpected that I thought I canceled a year ago comes out of my bank account when it's low, overdrafting it, fees pile up since now everything I'd planned on paying gets overdrafted, etc. I grew up in a paycheck-to-paycheck family with very little financial knowledge of my own, realized all of this and have been actively trying to find out how to get back on my feet, pay off debt, and start saving for the future. I'd be happy with just paying off my debt for now lol. + +I work one full time job that I love and earn between $200 - $270 a week from. I work a second job 15 hours a week and earn $200 every two weeks from it. My second job is stressful, difficult hours, and I'm unofficially in a management position working for starting pay because our last manager quit. I'm very highly considering quitting, since I can get the same job at a different company, and make twice as much just from tips (at the current company, we can't accept tips). + +My only other income is the ocassional $20 a month from a shared Starcraft Etsy store, and I just did a whole shebang of spring (fall?) cleaning so I'll be making a small profit off some old clothes and things selling them online. + +However, I currently OWE a lot of money to a lot of different things, and I don't feel like I can efficiently pull it off. + +My first priority is to pay the $650 I owe to my friend. They helped me out at the beginning of summer when I had an emergency that prevented me from working, so she spared me rent and a couple other expenses. This debt, while I've slowly been paying it off, is still a large sum and I can tell it's starting to affect our friendship. It wasn't supposed to reach such an extensive amount in the first place, so I want this to be my first priority. + +Other than that, I have a Wells Fargo Credit Card maxed out at $400, student loans that add up to about $4,000, and my Toyota Corolla was repossessed in June. I still owe $8,500 on it. If possible, I would like to find a way to get this back, since I'm currently borrowing my friend's vehicle while they use their motorcycle to get around. + +My monthly expenses are: +Rent $250 (roommates) +Bills (Water, Power, etc) $150 +Cell Phone $100 + +I spend approximately $100 in gas a month, and my work schedule has been so hectic that I've been spending $5 - $10 at Taco Bell every day. I haven't bought actual groceries for awhile, so that isn't really an expense I'm worried about. + +I admit that the rest of my income the last few months, I have been a bit frivolous with. I've cut down enormously in the last two weeks, and plan to cut down to the bare bones starting now, so hopefully that will help. + +Either way though, I'm in a bunch of debt, essentially vehicle-less, and I don't know how to get out of it. + +I'll take any suggestions and look into any of my options, so, please, throw your advice at me! + +Edit:: thank you, everyone, for your replies!! I'm going to bed but I will sit down and reply to everyone tomorrow. A lot of this has been very useful already and I appreciate it! Have a good night and keep leaving all the advice you've got! (: + +Edit 2:: I appreciate the continued responses! I have read through each one and responded accordingly! A couple of you were asking about the Starcraft Etsy store--here is a [link!](https://www.etsy.com/shop/CreepCritters) There is only the Zerg plush up right now, but I'm going to be adding handmade keychains, Kerrigan-themed jewelry, and other items as I get them made and perfect the quality, so keep an eye out if you're interested :) I run it with a friend and we split the profit. +So back in 2016 I worked for deliveroo for 3 months and didn't register as a sole trader or do any tax return forms for that year. I also believe I made under the tax threshold for that year in the jobs i had prior and after this spout of working for deliveroo. + +Fast forward to August 2018, I received a P800 and tried to claim it however no success as it was still "calculating" HMRC said I would just have to wait. + +Fast forward to this week I went to try and claim this again, encountering the same issue. This time the HMRC said that my refund has been put on hold due to unaccounted income (or something along those lines) by a company called deliveroo. They then said this could be resolved by sending in a payslip or if self employed a tax return. + +The issue is I can only find the final invoice i received in my email from deliveroo as all the invoices were based on their riders app. I'm trying to get a bank statement but I've had to make a request from the bank as my online statements won't go back that far. + +Any suggestions on what I can do? Also I assume I will be fined for this? + +Thanks in advance +**EDIT: Wow, mods debunking Dr. Trimbath now. What’s next?** + +**This is simply a summary of Dr. T’s work to which she reviewed and commented “…Gets across point this could happen to ANY stock.” Twitter link included.** + +**First, you guys ban DRSGME.org, then you ban the most pro-DRS advocate** [**u/millertime1216**](https://www.reddit.com/u/millertime1216/)**, and now you debunk Dr. Trimbath. WTF** + +&#x200B; + +*Reposting this because it's relevant now more than ever and because Dr. T read it last night and commented on it.* [*https://twitter.com/SusanneTrimbath/status/1558268812444590080?s=20&t=40V-5xRm2jt967z7Ud2BhQ*](https://twitter.com/SusanneTrimbath/status/1558268812444590080?s=20&t=40V-5xRm2jt967z7Ud2BhQ) + +&#x200B; + +**Will your broker fuck you when shit hits the fan? Lessons from CMKM where 68.5 billion phantom shares were discovered during DTC withdrawal** + +**TA;DR:** In 2005, investors of CMKM Diamonds, Inc. attempted to pull all their shares out of the DTC and direct register them in their own name. During this process, 68.5 billion phantom shares were discovered and brokers began deleting CMKM shares from investors accounts. Brokers also prevented many shareholders from direct registering and instead had physical certificates issued to *themselves*. While there are significant differences between CMKM and GameStop, this may be the closest example of what to expect as the float gets closer to being locked up in Computershare. If/when shit hits the fan, don’t be surprised if the brokers pull the same kind of bullshit. DRS early and often. + +**TA:DR end** + +\*This post is a selected summary of pages 208-227 of Dr. Susanne Trimbath’s book “Naked, Short and Greedy.”\**1* *If you are unfamiliar with Dr. T (or a douchebag shill), please refer to footnote 1.* + +On November 4, 2005, CMKM issued a press release announcing a distribution that would require investors to get their shares registered in their own name, i.e., out of DTC.^(2) Deadlines were set for DTC withdrawal and a shareholder task force was created. In July 2007, after several delays, the task force announced the total number of registered shareholders and shares. They also disclosed the existence of over 68.5 billion phantom shares, i.e., > 68.5 billion shares that could not be accounted for (should not exist). + +**Most relevant to GameStop:** + +Many of the investors were unable to direct register their shares because they were holding phantom shares. Although the investors had paid for these shares, the brokers either never obtained these shares to begin with or they had lent them out thereby passing on the “real” shares to the borrower. Dr. Trimbath dubbed these CMKM investors as “UnShareholders.”^(3) + +A deeper dive into these UnShareholders revealed that: + +* The following brokers were shown to either delete CMKM shares from UnShareholders’ accounts or incorrectly told them certificates were not being issued: Fidelity, TD Ameritrade, UBS Financial Services, Inc., Royal Bank of Canada, eTrade Financial, Bank of America, Charles Schwabb, Bank One, Bank of America, Qtrade, Piper Jaffray, eNorthern Brokerage, LeumiTrade, Fortis Bank Bruxelles/BBH New York +* The following brokers told “UnShareholders” that they could not get certificates. However, these same brokers got certificates for themselves: Bank of America, Ameritrade, eTrade Financial, Royal Bank Canada, UBS Financial, Chase, Charles Schwabb, QTrade, Piper Jaffray, Bank Leumi, Bank One +* Charles Schwabb, Chase Bank and RBC Dain deleted investors share positions at a time when the firms had no shares either in depository or on the books of the issuer + * Schwabb deleted investor positions (10 million shares) and at the same time ordered certificates for their own trustee accounts + * RBC deleted investor positions (11.5 million shares) and told investors that there were no share certificates available. However, documentation shows that RBC received certificates for themselves and other customers. + * Chase deleted a high number of investor positions + +In the end, all shareholders of CMKM got fukt, including those that were able to direct register. There was no real value in the firm – they did indeed mine diamonds; however, it was revealed that all mineral rights belonged to the founders of the company, not the shareholders. Multiple lawsuits were filed and some are still pending. + +“The allegations of fraud and corporate abuse are the reason why no one heard the rest of the story, the one **where brokers were allowed to cheat investors by taking their money and never giving them any shares of CMKM**” (Trimbath, p. 209). Although Dr. T tells the story using CMKM as the example, she emphasizes that this stuff happens to every company with publicly-traded shares, big or small. + +Some key differences between CMKM Diamonds, Inc. and GameStop: + +&#x200B; + +https://preview.redd.it/p4hietsv6kh91.png?width=975&format=png&auto=webp&s=fa4ab6e52d44fc33d63348558b45cff1f8e6a192 + +\*There were diamonds being mined but whatever mineral rights claim the founders of CMKM had was only ever owned by the founders. The assets never belonged to the company. + +\*\*[https://www.sec.gov/litigation/aljdec/id291bpm.htm](https://www.sec.gov/litigation/aljdec/id291bpm.htm) + +**The purpose of this post is to point out the behavior of the brokers during the DTC withdrawal process.** Unlike CMKM, GameStop has an extraordinary future and is not going bust. The DTC, SEC, market makers, and brokerage firms will have a harder time sweeping things under the rug of the court system if and when things get spicy with GameStop. That being said, we are in uncharted waters. + +If retail owns multiples of the float, which I firmly believe, what kind of behavior can we expect of the brokers if/when shit hits the fan? DRS, mofo. + +^(1)Anyone who throws shade at Dr. Trimbath is either a shill or lacks the knowledge of her background. She is a business professor in Arizona who started her career at the Federal Reserve Bank and DTC. She has been fighting the corruption for a couple decades and has even lent her time to Reddit for multiple AMAs. BuT sHe HaS bEEn PUshiNg HEr nEW BoOK “Naked, Short and Greedy.” Yeah, moron, she lays out all the corruption in detail for us. Besides, she deserves every penny she gets from the sale of this book. She has been fighting the good fight long before any of us knew of the corruption. + +^(2)DTC stonewalled any future attempts by other companies and got the SEC to grant approval for a rule change that prohibited requests for withdrawal of certificates that could be **instigated** by issuers. Hence, we would never see GameStop recommending that we direct register with Computershare. The fact that they mentioned Computershare in the last quarterly report should be telling. I’m hopeful they give us an update in Q4, but I wouldn’t be surprised if a new rule or undisclosed SEC threat prevents this. + +^(3)Almost anyone who receives a 1099 with “unqualified dividends” when they believe they owned regular shares, are probably UnShareholders, too. +FI tends to be a pretty low risk crew relative to, say, /r/investing. So, excluding crypto because obvious, what are the higher risk investment strategies you've incorporated? Be it just a "I'm 20 and can accept the risk now" or "I want higher growth potential and am willing to gamble a little." Emerging markets? Specific stock picks? What lead you to them? How does it play into your overall FI strategy? +People tend to forget and lose sight very fast. Many say diamond hands slightly, but yet they lose hope fast and panic sell. + +This was just a month and few days ago when the end of year 2021 crash happend and many people already panic sold their coins. + +If they had hold onto it, most of them has been recovered. It is just a matter of time when their investment doesn't just recover, but will turn into big profit. + +We invest in crypto, keyword : **Invest**. + +If you are in cryptoverse, just for the gamble by buying shitcoins, you can go to the casino instead...this isnt called investing. + +But if you invest, you had did DYOR and diversify your portfolio. + +Time will tell, the true diamond hands will be the ones taking the best profit. + +In the stock market for example buying ETFs, you need at least to invest in a timeframe of 15 years to get some halfway decent gains. + +In crypto everything is so accelerated, people lose sight in just 1 month. +I'm a beginning investor and have maxed my ISA for the year through a robo fund. Now I am looking what else exists for someone wanting to invest into funds. + +So I came across a fund that seems quite interesting, being the FTSE All-World UCITS ETF (VWRL). It seems highly diversified, and is apparently off-shore, which if I understand correctly might mean income from this fund will not be considered as "income taxable", but instead falls under the "capital gains tax". + +However following up on that I read that dividents are paid out in USD, and that the taxes seem to get complicated as any money that is not immediately re-invested is considered as gains (thus taxable without having withdrawn anything), even though by the end of tax year it is re-invested again and won't show up on any broker reports. Apparently it would still be up to the investor to figure everything out. + +All in all I'm a little confused and wonder if I should just avoid this rabbit hole or if it is actually not that complicated at all once a few points have been understood. + + +1) Has anyone invested into this fund using a general investment account? + +2) If so, what is your experience with this fund in terms of taxes, are there a few basic things that can be done to ensure taxes are done correctly? + +3) Are there any similar alternatives that do not have these complicated tax implications? + +4) Does anyone have any recommendations on readings/books that explain investing in terms of how the taxes work? I hope there exists a common logic which I'd be interested in learning about. + +5) Generally speaking, is it "dangerous" to do investing, tax-wise? There seems to be so much to it that I'd rather just try it and find out from experience. However, what if I end up doing something wrong with the taxes, am I going to end up in jail simply for trying? These thoughts are generally stopping me from trying as I am too scared that I have miss-read or overlooked something. +I understand why one would “buy the dip” on a particular stock or other security they like. What I don’t understand is where the capital is supposed to come from. When you are fully invested you’re not supposed to have much cash laying around from what I’ve been told. So when we are supposed to buy the dip, for the average portfolio, where does that capital come from? + +Is it implied that one should have cash available? Are you supposed to sell something else to make room for buying the dip? + +In other words, what’s the best way to be ready to buy a dip? + +EDIT: lots of helpful responses here. Sounds like there are a number of strategies depending on what style of investing/trading you do. The portfolio I manage is a rollover IRA separate from my 401k through my employer. I do not regularly, if ever, add cash to this account. Sounds like the consensus for that sort of account would be to trim other positions versus keeping cash on hand. +This is not a shitpost, I’ve included screenshots and will provide additional if needed by the ghey mods to show this is real. + +Someone logged into my Robinhood account (allegedly from a device in Iowa) and linked a new bank account. Then immediately they transferred $15k into my Robinhood account. I was out at the time of seeing this, but after seeing a text notification about this on my phone I quickly logged onto Robinhood in a panic and changed my password and then changed my password to the email I use for it. So far, nothing has changed so I don’t think they were able to get into my account since the password change. The $15k is set to clear on the 10th (Tuesday) and I’m thinking about this non stop because why would this happen? I emailed Robinhood about it and they haven’t replied yet. + +I posted on legaladvice and the responses were lackluster but one commenter advised me to stay away from WSB for a while so I figure I might as well come here to get a second opinion. What do I do? +It amazes me the wealth of knowledge from this subreddit and from a health care background myself I often feel intimidated as I can hardly follow what some are saying. I was curious for the big IQ Redditors, what jobs you do and is it because of the jobs that you know do much? +I was going to write this at the 500k mark but I have some free time now so why not. + +My story is common and pretty straightforward. My parents lived the American dream; they grew up poor in developing countries and found success through education and hard work in the US. As they were still poor when I was born, they instilled in me a lot of their values such as sensibility with money. I did well academically at school. For college, I had the opportunity to go to a big state school with a full ride scholarship that covered tuition, room and board for all 4 years. During college, I was the stereotypical shy engineering nerd with who played a ton of computer games, so living expenses were extremely low. I found an internship every summer as well so I graduated with \~20-25k net worth. I didn't know about FI until after college, so unfortunately before this point I had just been putting money in a savings account, with no IRA or brokerage. + +Post college, I wanted to do something more interesting, so I got a job with a company in oil and gas. I would spend two weeks on a drilling rig working 12 hrs a day, and then get two weeks off. I got a company truck/free gas, free phone/cell plan, housing, and an expense account for my food, office supplies, treating the rig crew to dinner etc while at work. There was almost no way for me to spend my own money at work. The pay was pretty good (90-100k a year), and I often volunteered to work during my two weeks off for extra pay. While the official schedule was 50% work days, 50% off days, I calculated I was working closer to 66%-75% of the year. + +For my two weeks off every month, I started traveling a lot. I wanted excitement and to see the world beyond the typical barren wasteland we were drilling for oil in. Although some months I had company training, or I visited my parents, I tried to travel as much as I could. I went mostly internationally; I'd look for cheap flights, or fly free with points. I'd even bank my days off to do 3-4 week trips. Traveling was pretty cheap since I stayed at hostels; $50 a day is more than enough for cheap destinations. Most trips were \~1-2k, although I did go to some expensive places like Hawaii and Switzerland. + +While I didn't track my finances that closely, I'd estimate annual spending at $15-20k a year during this period. + +* $6k Rent (I rented a $500 bedroom for a "home" to go put my stuff at during days off, very LCOL area) +* $8k Traveling +* $5k Miscellaneous + +The rest of the money I made went into maxing out 401k/IRA/brokerage. I bought mostly VOO and VTI, with some smaller positions in a couple tech companies. + +I started getting bored around 2-3 years in. While I wasn't unhappy with my job, I also wasn't happy with it either. The novelty of traveling and meeting new people around the world started wearing off. I started wanting things money couldn't buy, like stability, permanence, a social life, relationships, and fulfillment. I wasn't learning anything new, or developing myself as a person, just doing the same things over and over again. I had estimated I could reach \~$1 million around 35 years old, which I considered the minimum "FI" number, but I didn't see the value in rushing so quickly towards FI at the cost of stagnating my life. I realized that for me, financial independence is not the end destination, but just something I want to achieve along the road to something greater. + +I ended up applying and getting into grad school, fully funded with a \~30k stipend, which I accepted. In a twist of fate, COVID hit, and I got laid off, just before the 4 year mark. Due to the layoff, I was fully vested in my 401k, and received a nice severance package a few months before I was due to resign anyways. + +Been in grad school for over a year now, it's way more work for a fraction of the pay, but I think it's the right decision so far. Continuing some slower progress towards FI while working on other parts of my life. + +**Numbers:** + +[https://i.imgur.com/vN0OWYp.png](https://i.imgur.com/vN0OWYp.png) + +Roth IRA: 55k + +Traditional IRA: 105k + +HSA: 2k + +Checking: 15k + +Brokerage: 315k + +&#x200B; + +TLDR: + +Didn't pay for college. Good income for 4 years with <20k a year spend due to job perks and LCOL. Early investing and the recent bull market means I've pretty much doubled every dollar I've saved already. +I've been investing for close to 2 years now. I switched to pennystocks in December 2020. In 2 months I've made 200% gain which means I made about 18 months worth of paychecks. That's literally insane to me. However I don't have a consistent strategy. My strategy so far has been to literally lurk this subreddit, look at other people's dd and basically jump in if the stock hasn't already gone up 100% ( looking at you people posting about ZOM after nearly 600% gain). + +This resulted in around 80% of my trades being successful. In most of them i did sell to early, but i was looking for easy 10-20% gains and exited early on stuff like ABML and ALPP. + +Now the issue is my strategy completely relies on other people posting good dd and me doing the minum effort to not chase stocks that already ran up. I want to switch to MY actual strategy, not to rely on others. + +I've no idea how you people find stocks so early and filter through 100s of shitty companies to post dd about the good ones here. I'm curious and want to learn and would be grateful if somebody who has their own strategy would post their journey and what type of strategy they came up with. +I worked for this company as a summer job and ending up quitting around august with no 2 week notice. To my belief, I thought I was going to receive my last pay check through the mail but did not. I never received an email from my employer about my final check. Just an email a day after I left to make me feel bad about it. It is almost December, so I emailed him if I was getting the check. He replied that “after 90 days they expire and that the company was sold, all accounts closed”. I live in the state of Georgia. What should I do? Or what can I do? +as i mentioned i had one in my 401K. + +he then proceeded to tell me, that at 30, i should be 100% in equities and that modern portfolio theory is just that - theory. + +thoughts? +Hi! Thanks in advance for reading. I'm new to this subreddit and I appreciate your help. + +I'm a 29 yo recent BSN graduate looking for anyone here who might be a nurse/ nurse practitioner who would be willing to share their experience working towards FI. + +While I'm in Chicago for school, my family is planning to return to Alaska and work in a rural hospital in Western Alaska (USA) which is a VHCOL. We have about 50k in investments and cash. Also, I have 60k in loans from school, but I'll qualify for federal loan forgiveness of 20k/year so the plan is to have the loan repayment fully pay off the loans within 3 years while my wife and I focus on saving and investing from our salaries. My wife wants us to FI in 20 years. + +After the loans are paid off, I'm planning to return to school for a doctorate of nursing practice DNP), with the end goal of working in the US Foreign Service. I've also looked at joining the Air Force either as active duty or Reserves and doing travel nursing. + +Does anyone have any advice they would be willing to share? In our heads, becoming an NP will help increase our income, but we would prioritize having it paid off by loan prepayment options available. + +Thank you! +On Tuesday I opened 10 contracts of a 380/385 Feb 1 call spread for $1.05 credit each. Yesterday, when the stock was at 315 I sold 7 of the long calls for $.70 each, so now I'm naked short 7 380s. + +Problem is, TSLA just announced they were moving up their earnings. I'm worried they are going to gap up on Tuesday and the combination of increased IV from earnings + share price is going to get me margin called (25k account) and I'm going to lose a few thousand. + +The stock would need to go up nearly 30%, to ATH, in the next 9 trading days for my calls to be ITM, but that doesn't matter if I get margin called! + +Thoughts on the move here? Never been in this situation before. Simplest solution seems to rebuy the 7 385 calls but that feels real bad when I'm 99% sure the options will expire worthless and I will probably end up paying more than I sold them for yesterday. I could buy 7 $400 calls, but would that be worth it... +It's been a slow burn this whole saga and my balls are as blue as the waffle that once haunted me as a youth, but in retrospect I wouldn't have it any other way. + +When this stock became a sensation in Jan 21' my goal was a mere 5-figures (Being a minumum wage kind of guy). + +If it was all said and done in that week. I'd have probably had a celebratory "jack session" and put all gains back into a corrupt market the next day, completely unaware of the elites that were actively robbing me every single day + +As someone that only started investing in Jan 21 by sheer luck, 4 days before I knew about GME. I feel like the DD that I've read and absorbed on this subreddit has given me more knowledge on how the market REALLY works than I would have ever learned in my whole lifetime otherwise. That's because I would have gone my whole life unaware that I was the product for brokers/hedgefunds to profit off of. + +The zen is reached when it truly clicks that a group of individual investors that have undying devotion to a company NEVER seen on this level in history, continues to buy in mass volumes through commitment backed up by the fact that RC has taken ingenius steps to revolutionise GME forever + +And the price STILL continues to decline! + +That's the foundations that would logically make sense to anyone who understands supply and demand + +Every piece of DD on the blatant corruption uncovered is the cement that holds the conviction together, and there's a fuck ton of it... + +And the silver bullet DRS, is the brick by brick 🟣🟣🟣 +Recently hit big (6 figures+) on some very surprising 0DTE Yolos on TSLA and SPY this past week, and figured what’s better than coming back to the motherland with my winnings. Plan to invest about 20-30% of my winnings in GME. What is the best way to purchase GME? Figured directly through Computershare, but not sure if there is another way to inflict max pain on hedgies (buy on broker, route through IEX, etc?). + +Currently low XX holder and looking to purchase XXXX by the end of the week. Been a bit distant from this sub for a while so haven’t caught up on any new updates/new findings but will continue to hold until we see the results we want. No cell, no sell!! + +Any input is much appreciated! +# Stealing Sats From Other Users: Attacking Lightning Network's Custodial Services. + +The Lightning Network (LN) is a truly groundbreaking way to move value around the globe. The number of users and LN enabled services is exponentially creeping up. Many services are opting for offering a free or fixed transaction fee, yet the real lightning network fees are neither free nor fixed. Instead, they are cheap (mostly) and variable (according to the payment route). I conducted a small research project to figure out whether the discrepancy between real routing fees and service's transaction fee can be exploited for a profit, and if so, how large the damage could be (spoiler: it is bad). + +&#x200B; + +[Figure-1: u\/Reckless\_Satoshi wearing a hoodie, which indicates he is up to something](https://preview.redd.it/cmawpdpid8o71.jpg?width=1200&format=pjpg&auto=webp&s=8d6cc6241c9861ca6016937710301f1e111e43f3) + +Whom did I attack? Well, here the complete list of offended services **Bitfinex, OKex, Muun, WalletOfSatoshi, LNMarkets and Southxchange**. If you are reading this to make a 'quick sat' I am sorry to disappoint you, I am publishing these findings only after the susceptible services have been contacted and flaws fixed :) + +## Cheap, but not free. A simple attack. + +Simple, deposit funds into a custodial service then withdraw the funds, done. Congrats for your profit! I am sure you are thinking -"Those sats were mine anyway, right? How does this qualify as an attack?" Well, I forget to mention we also need to place a node that will be routing the payments between the custodial service and the receiving node. The routing node will collect a fee, hopefully the fee will be big enough so there is a net profit (i.e.,*withdrawal\_fee + deposit\_fee < routing\_fee\_collected*). If a positive net return is possible, then it is just a matter of optimizing the size of the fee collected and the transaction speed rate to see how big the damage could be. It is easy to see how this attack must be feasible on any service with free withdrawal fee. + +How do you place a node in the middle? Well, the sending node is in charge of selecting the route. A priori, it seems unlikely that the sender will select a very expensive route. However, there is a case when the sender will certainly have to send the payment trough our routing node. We will connect our receiving node to the Lightning Network only with a single channel to our routing node. Therefore payments, if they arrive at all, must always be relayed by ourselves. + +&#x200B; + +[Figure-2: Our receiving node is only connected to the Lightning Network through our routing node. Green arrows represent revenue, red arrows are costs.](https://preview.redd.it/81200hkqd8o71.jpg?width=2524&format=pjpg&auto=webp&s=fd794f86d3330c8e6b758d3847b83fd2b110624d) + +In the case depicted in Fig-2, our routing node is directly connected to the custodial service. This is ideal to optimize the attack: the deposits have no cost, HTLCs will settle quickly, and we avoid the limitations set by other routing nodes using [CircuitBreaker](https://github.com/lightningequipment/circuitbreaker) (payments fail when a few HTLCs are pending). If the attack is successful, having a lot of inbound liquidity from other nodes is key. The channel to the custodial service will quickly become unusable as we have stolen the liquidity to our side. Therefore, you want to *desaturate* it by circular rebalancing. Once we free up inbound liquidity from the custodial service, the channels to our liquidity providers will be saturated, we can chose to close those and move the profits on-chain or we could *loop out* (not sure which process is less costly: we are making free BTC, does it even matter?) + +This is one of the simplest attacks. In fact, the only LN attack I can think of, but also I am just a newbie in the process of learning. I assume there is people out there much more capable of conducting this research. Who knows, maybe there has been sizeable loses in the past that remains undisclosed. + +# Precedents + +Section added in 19/09/2021 11:30 GMT. + +Thanks to u/juscamarena I come to learn this attack vector was described as far back as 2018 and named ["Fee siphoning attack" (Slides 14-16)](https://lightningresidency.com/assets/presentations/Camarena_Lightning_In_Bitrefill_1.pdf) by himself. In addition, Igor Korsakov gave a short talk on LN attack vectors (YouTube - link removed because of r/Bitcoin bad behaving bot), also covering the fee siphoning attack among others in 2019. It remains unclear whether this is the first public demonstration of the attack being performed at a scale in the wild. + +## 1. Bitfinex + +Bitfinex has a fixed 100 sat withdrawal fee. However, it is obvious that some withdrawals requests might cost to route more than that. I was curious to see if withdrawals that are more expensive would be processed at all: and yes, they are processed. It is my believe, after a bit of tinkering, that Bitfinex would execute any withdrawal where payment routing fee is below 10 000 ppm (1%). I gave a try to withdraw 100K sats and collected 1000 sats in fees on the middleman node. + +Making a net profit from Bitfinex is possible (at least net positive 900 sats per deposit/withdrawal cycle), however withdrawals might quickly get halted as there is a "processing" step on their end probably rate limiting transactions. Bitfinex's API does not seem to support yet withdrawals for the symbol 'LNX' (these require an invoice instead of an address). So while it is possible to profit from Bitfinex, I didn't go the next step to script and optimize the attack. In any case, I filled out a report with their security team before making this public. Their site explicitly indicates that they might no reply to a report if they were already aware. As I received no reply I assume it's safe for this insight to go public. + +## 2. OKex + +The fee charged by OKex seemed to be strictly equal or higher than the cost to route the payment. There is no way one could make a net profit from OKex using this attack. + +## 3. Muun wallet + +I do not know exactly how Muun works behind the scenes. It is not strictly a custodial service, but it has definitely some sort of custodial component to it. It might be maybe some sort of hybrid: possibly a parent node (named [Magnetron](https://1ml.com/node/038f8f113c580048d847d6949371726653e02b928196bad310e3eda39ff61723f6)?) with private channels to each user's wallet (but do not quote me on this). Their super easy to use LN enabled wallet allows you to withdraw all the way down to 0 sat balance without having to pay the final fee for emptying the wallet. This, in turn, allows you to collect a net positive fee for every withdrawal that empties the wallet. As this is a smartphone app and there is no available API, I did not go through the extra complexity needed to test where are the limits of cheating Muun. + +## 4. LNMarkets + +LNmarkets is possibly one of the coolest LN services out there. The use of LNURL qrcodes to login, deposit and withdraw makes it the most LNish experience out there. It truly displays what the LN is capable of, in addition, their API documentation is simply superb. Unfortunately, their effort also made it very easy for me to script and optimize the attack. Since the service had a free withdrawal fee, it was indeed profitable. + +According to some quick testing, LNMarkets is willing to route to you any payment as long as the fee does not exceed 10 000 ppm (1%). The maximum deposit/withdrawal amount is 1m sats. As you can see, theoretically one could expect to make a net profit of \~10K for every deposit/withdrawal cycle. Each cycle takes around 20 second (this will greatly depend on whether the nodes are behind TOR or Clearnet). Using two threads, that makes for a profit of about \~4 million sats/hour . + +At 4 m sats/hour the full outbound liquidity of LNmarkets would have been stolen in 80 hours (totaling 3.3 BTC, LNMarkets is open about their outbound liquidity [on their own site](https://lnmarkets.com/node)). The script ran for 6 minutes, collecting about 450K sats in fees before some failsafe halted platform withdrawals for all users. About \~2 million sats were locked into the platform, for a net loss of \~1.5m sats. However, LNMarkets guys have been exceptionally cool about this and returned the sats to me. They certainly did not have to, but I appreciate it and shows they strive to build a healthy community. + +LNMarkets is now charging the routing fee to the user. It is a fair and sustainable solution, although it muddies the user experience. The beautiful thing about lightning is that if the users wants often and free withdrawals, they can just open a channel to LNMarkets for the price of a single on-chain fee. + +## 5. Southxchange + +Southxchange LN withdrawal fee is free. I tinkered a bit to find the maximum their node would be willing to pay for a successful routing. I think it was about 50 sats flat as maximum, but maybe it was higher. Even when I was withdrawing 1 sat, their payment was sent with 50 extra sats for routing. That's an effective 50 000 000 ppm (5000%) fee being collected! + +It was possible to deposit 100K sats and then withdraw 1 sat a time. Of course, 50 sats is a negligible amount. However, their API works flawlessly and I noticed there was no request rate limit. I wrote a simple python script able to generate local LN invoices and submit them to the exchange to process the withdrawals. It reached top speeds of up to \~300 withdrawals per minute (200 ms per withdrawal), simply wow! That makes for \~15K sats per minute. I did not optimize further the script, as the channel was already near being maxed out (current maximum pending HTLCs for a channel is 483 and they were taking long to settle). In addition, my RaspberryPi was getting CPU limited, I believe due to encrypting/decrypting the onion packages. It would have been possible to improve the attack speed by a lot with better connection and some parallelization (more accounts / more machines / more routing nodes). + +Without any further optimization, at a rate of 900K sats / hour the full outbound liquidity of Southxchange would have been depleted in \~50 days (assuming there being 10 BTC or \~1/6 of the node capacity). I stopped the script after one hour as there seemed to be no limits or failsafe whatsoever. A malicious attacker could have definitely withdrawn most liquidity in hours. + +After the attack, Southxchange has opted for rate limiting withdrawals for the user (1 every 10 minutes), but they are still free. In my opinion, this is not the optimal solution. It affects the experience of legit users that need frequent withdrawals: in-and-out quickly, minimizing exposure to custionals, this is what lightning is about. Yet, this solution also fails to prevent future attacks, as you can still get around this limit with many accounts. Instead, I would suggest charging the withdrawal fee to the user: you gotta pay what things cost. If the user wants free withdrawals, they can *'go premium'* by opening a channel to the exchange's node. + +## 6. WalletOfSatoshi + +WalletOfSatoshi charges the user the exact fee for the routing. It also does hold a reserve of 0.3% balance in case of unexpected high fee. This is the most conservative take together with that of OKex, in turn making these two services the least user friendly. + +If a service has free withdrawal, users are more compelled to take their BTC into self-custody between operations (it is free, why wouldn't you?). So, I am not totally sure of what I am about to say, but I have the feeling that custodial services with free transaction fees might be artificially increasing the number of transactions, therefore subsidizing nearby routing nodes. This might induce weird incentives for the creation of channels and the deployment of liquidity; hence, affecting how the lightning network grows. Yeah, sounds far-fetched, but even if tiny, there must be an impact (no idea if positive or negative impact). + +# Conclusions + +* Although LN transaction fees are negligible, they are not zero. While lightning allows for almost free transactions it also allows for extremely fast transfers: negligible amounts add up to worrisome amounts very quickly. If you build a service where withdrawals are not rate limited nor the fee is translated to the user, you will run into problems. +* This is one of the simplest attacks anyone can think of using LN, yet surprisingly, many services are susceptible. I believe that if an actual smart and malicious actor had performed it, he could have withdrawn a big chunk of the outbound liquidity of some of these nodes. +* By attacking ourselves the LN and publicizing the findings, we make stronger the Lightning Network and its services. Maybe soon we will be reading sensationalist headlines such as "The Lightning Network has been hacked" every time a custodial service using LN is exploited. It is in our hands to prevent FUD to spread also over the amazing lightning features. + +Finally yet importantly, I would like to apologize for the disruption caused to the service maintainers and thank them for their excellent sportsmanship. It has been a great deal of fun to learn how these futuristic services work. + +I'm sharing code to replicate my findings on [GitHub fee-siphoning](https://github.com/Reckless-Satoshi/ln-fee-siphoning). So far, only LNMarkets, I will not share yet Bitfinex and Southxchange as I am not 100% confident that they are exploit proof after their fix. + +Let me know in the comments if there is any LN enabled service that I should test. I went for all of the big ones already but I might make a second round :) + +# - Reckless_Satoshi + +If you enjoyed my little research project, you can say hi by opening a channel to me or via keysend (02ce13573f6ab577088cead4379dc64f300ffbeca2ae040beee9f3541ccc4427c7) or LNURL (LNURL1DP68GURN8GHJ7MRWVF5HGUEWVDHK6TMVDE6HYMRS9ASHQ6F0WCCJ7MRWW4EXCTECXQUSW77KS4). + +Cheers! +Wife currently has a company car. She’s about to go on maternity for 12 months and has to return car for that period. We can’t car share with me and so she’ll need her own car. Is there a cost effective way to do this, we can buy a crappy used car but with the state of the economy they are expensive and overpriced. Is there a cost effective lease option or any other suggestion? We looked at salary sacrificing (edit: Novated lease) but that would cost about $12,000 and might as well get a loan and sell the car after we done. We will 100% need a second car where we live as public transport, Uber etc. is not an option. +With this whole movement towards Afterpay and millennials being more conscious about getting a credit card, I'm just curious - these credit card companies, banks and non-banks (eg. American Express Australia) have a reputation of making a killing from credit card interest. + +I pay off my credit card monthly and even though my credit limit is larger than my monthly salary, I never spend more than my monthly salary on the card. **Am I a rare unicorn?** I'm just interested in the national statistics on this topic overall. +This sub opened my eyes that financial independence and early retirement are possible. We don't HAVE to work until 65 then retire. I'm saving more money without feeling any adjustments to my lifestyle. I'm 30 years old in NYC with about $100k in my retirement account (no real estate or other investments, renter without car). If I simply continue along without any changes, I would have about $1.2m when I'm 50 assuming a 7% annual return rate in the market. Logically, I'm doing better than ever thanks to this sub and I'm grateful. Emotionally, however, it's been quite messy. + +I sometimes get this huge ping of regret of not investing more, especially when reminded that the index returned almost over 15% annually for the last few years. Then I fall down a rabbit hole. I start thinking about how if I followed this sub earlier and were more aggressive about having a high savings rate, I could have double the amount of what I have in my retirement account. Then I start thinking about how that balloons into hundreds of thousands 20 years later, and that somehow turns into I already costed myself hundreds of thousands of dollars. + +I also sometimes worry about future expenses. I have 2 years of living expense in savings account that also counts as potential down payment (even a crappy fix-upper costs over $700k, the joys of NYC...). Logically speaking, I'm in a good place. But then concerns about future potential expenses (home, car, wedding, kid?) lingers in my head and I worry that my financial situation could deteriorate rapidly. + +There are also times when I get weirdly fixated on my FI age. Some days, I'm grateful that because of this sub, I can achieve financial independence at least 15 years before the standard retirement age of 65. But then there are other days when I feel like I should do more to achieve FI sooner, especially seeing how so many people achieved their number when they are just 35 or 40 years old. + +Any suggestions on how to improve my current situation of doing better but feeling worse? +#Intro + +I have written previously about bonds in "[The Luxury of a High Savings Rate; or Who's Afraid of Bonds?](https://www.reddit.com/r/financialindependence/comments/prt2ev/the_luxury_of_a_high_savings_rate_or_whos_afraid/)" + +In this post I'd like to highlight a few other reasons bonds may have a place in the accumulator's portfolio. + +____ + +# Shannon's Demon, or the Rebalancing Bonus + +Claude Shannon, the famed "father of information theory," devised an interesting financial game that demonstrates the "free lunch" of rebalancing a diversified portfolio. If you rebalance a portfolio between two non-correlated assets, even if they both have zero average return, you get a [positive return](https://imgur.com/o2bY86P) seemingly out of nowhere. You can read more about Shannon's Demon and its implications for portfolios [here](https://breakingthemarket.com/the-great-age-of-rebalancing-begins/). + +It's worth noting that the rebalancing effect only gives you an absolute return advantage if the returns of the two sub-assets are approximately equal. The highly-cherry-picked period from June 1986 to August 2010 is a good illustration of this. VFINX (S&P500) and VUSTX (Vanguard Long Term Treasury) had a CAGR of 8.48% and 8.52%, respectively. [A 50/50 split that is NOT rebalanced yields a CAGR of 8.50%](https://www.portfoliovisualizer.com/backtest-portfolio?s=y&timePeriod=2&startYear=1986&firstMonth=6&endYear=2010&lastMonth=8&calendarAligned=true&includeYTD=false&initialAmount=10000&annualOperation=0&annualAdjustment=0&inflationAdjusted=true&annualPercentage=0.0&frequency=4&rebalanceType=0&absoluteDeviation=5.0&relativeDeviation=25.0&leverageType=0&leverageRatio=0.0&debtAmount=0&debtInterest=0.0&maintenanceMargin=25.0&leveragedBenchmark=false&reinvestDividends=true&showYield=false&showFactors=false&factorModel=3&portfolioNames=false&portfolioName1=Portfolio+1&portfolioName2=Portfolio+2&portfolioName3=Portfolio+3&symbol1=VFINX&allocation1_1=100&allocation1_3=50&symbol2=VUSTX&allocation2_2=100&allocation2_3=50), or the precise midpoint of the two separate assets. + +When you rebalance annually, however, [Shannon's Demon appears and you see a CAGR of 9.17%](https://www.portfoliovisualizer.com/backtest-portfolio?s=y&timePeriod=2&startYear=1986&firstMonth=6&endYear=2010&lastMonth=8&calendarAligned=true&includeYTD=false&initialAmount=10000&annualOperation=0&annualAdjustment=0&inflationAdjusted=true&annualPercentage=0.0&frequency=4&rebalanceType=1&absoluteDeviation=5.0&relativeDeviation=25.0&leverageType=0&leverageRatio=0.0&debtAmount=0&debtInterest=0.0&maintenanceMargin=25.0&leveragedBenchmark=false&reinvestDividends=true&showYield=false&showFactors=false&factorModel=3&portfolioNames=false&portfolioName1=Portfolio+1&portfolioName2=Portfolio+2&portfolioName3=Portfolio+3&symbol1=VFINX&allocation1_1=100&allocation1_3=50&symbol2=VUSTX&allocation2_2=100&allocation2_3=50), quite a bit higher! + +The same effect occurs if the two separate assets have different long term returns, but the demonstration is more subtle. For instance, 100% Stock has had a CAGR of 10.46% since 1987 while 100% Total Bond has seen 5.33%. The 50/50 portfolio with annual rebalancing has seen 8.26%. This is obviously not as high as the 100% Stock return, but it is higher than the pure arithmetic average by around 0.37% per year. As Kitces puts it, "[Portfolio Rebalancing Usually Reduces Long-Term Returns \(But Is Good Risk Management Anyway\)](https://www.kitces.com/blog/how-rebalancing-usually-reduces-long-term-returns-but-is-good-risk-management-anyway/)." +____ + +# Increasing Timeline Certainty + +One common thread of questions during the recent downturn this year is what effect the downturn has had on retirement timelines for folks who were approaching their FIRE number. Both stocks and bonds have been battered, making this a particularly unpleasant market run for pretty much any portfolio. That being said, holders of bonds have generally seen them [temper downturns](https://imgur.com/jAM9MDW) and smooth performance overall ([link](https://www.portfoliovisualizer.com/backtest-asset-class-allocation?s=y&mode=1&timePeriod=4&startYear=2000&firstMonth=1&endYear=2013&lastMonth=12&calendarAligned=true&includeYTD=false&initialAmount=10000&annualOperation=0&annualAdjustment=0&inflationAdjusted=true&annualPercentage=0.0&frequency=4&rebalanceType=1&absoluteDeviation=5.0&relativeDeviation=25.0&leverageType=0&leverageRatio=0.0&debtAmount=0&debtInterest=0.0&maintenanceMargin=25.0&leveragedBenchmark=false&portfolioNames=true&portfolioName1=100%25+US+Stock&portfolioName2=100%25+US+Bond&portfolioName3=60%2F40+Stock%2FBond&asset1=TotalStockMarket&allocation1_1=100&allocation1_3=60&asset2=TotalBond&allocation2_2=100&allocation2_3=40)). + +We can take a more systematic look through two tools available at PortfolioCharts: [Financial Independence](https://portfoliocharts.com/portfolio/financial-independence/) and [Savings Rates](https://portfoliocharts.com/portfolio/savings-rates/). + +The tools are fairly self explanatory, but when looking at the historical time to FI for a 50% savings rate, a 60/40 portfolio has achieved this in 12-18 years, or a midpoint of around 15 years. When looking at the same savings rate for a 100% US stock portfolio, it's been a range of 10-20 years, or roughly the same midpoint. What you gain from the high equity portfolio is the potential to retire two years earlier; what you risk is the possibility that you're in the workforce two extra years on the long end. Some of this effect can be mitigated by de-risking the portfolio as you get closer to the FI number (see the conclusion for more detail). + +Another interesting perspective is provided by the Savings Rates calculator. With a 60/40 portfolio, someone looking to retire in 15 years with 80k of income and a 1M FI number could get there with a minimum savings rate of 32% or a maximum savings rate of 70%. That is to say, in the best case scenario a 32% savings rate would have them reach FI in 15 years; in the worst case they'd have needed to save 70% to get there on time. For a 100% US stock portfolio, those numbers are 23% and 87%, respectively, reflecting the better best-case and worse worst-case scenarios. + +____ + +# Conclusions + +Bonds can increase the risk-adjusted return of a portfolio through periodic rebalancing. That is to say, even though overall returns are reduced, the volatility of your portfolio is reduced *even more*, resulting in a non-negligible "free lunch" return premium beyond what you would expect from the simple averaging of the stock and bond portfolios separately. Furthermore, bonds can reduce "timeline" uncertainty either throughout accumulation or as the saver approaches their FI number. For those curious about how and when bonds can be introduced to minimize overall time to FI, see this great old post on [dynamic asset allocation for optimal accumulation and decumulation](https://www.reddit.com/r/financialindependence/comments/dnw72j/dynamic_asset_allocation_for_optimal_accumulation/). + +____ + +Note: Returns are include reinvested dividends and distributions, and are expressed in nominal terms. Inflation adjustment does not change the directionality of the result nor its magnitude significantly. +SafeDEX/SafeSwap is now LIVE it launched this weekend along with our new liquidity currency $Treats 🤫 this is to create us the chance to pool and farm our tokens for outstanding and long lasting economics! + +Liken this to BnBs cake or Eths Gas. This gives us the chance to build an even more stable project in the midst of the madness 👀 Presale will be happening today where the treats will be locked for a month. To prevent dumps and strengthen SShibas core. As if we weren’t safe enough right? We’ve got you with our audited and vetted DEX adding new projects soon! + +**Dedicated and Doxxed Devs** and a **Strong** **Community** +**$SSHIBA** continues its journey to the moon. Now is the perfect time to invest in the Super Shiba Token as it’s cool off period with the market gives you a beautiful entry point. + +**CMC & CG Submitted -** Awaiting Feedback aswell as another company for speed. Listed on + +At 60 hours old **$SSHIBA** reached a $11.5M Mcap and the marketing is only Just getting started. **.** + +**Poocoin 1-5 trending** + +**More Twitter and Youtube influencers** + +**Korean Website Design currently underway** + +** Key Points in development ** + +— SafeDEX is developed launching this weekend- A DEX made for Gem hunters, looking to get into doxxed and vetted projects before they've already 10x or 100x'ed. They will revolutionize the way we use NFTs to identify fully verified projects for our traders/holders. Details, full vision and Medium articles will be posted soon! Stay tuned. + +— SuperShiba NFMeme Marketplace also in the works - A platform for users to create their own memes directly as NFTs, share them, trade and just flex their claim on their own unique memes. + +**Doxxed Dev and Team** \- Again, this is all about trust, something that is lacking in the dapp realm. The Admin Team are willing to put faces behind their names because they believe that their project is solid. + +**Influencers and Marketing proposals confirmed** \- Various social videos and posts out and we’ve already seen an influx of crypto influencers buying in, they didn’t do so on pure goodwill. The team is actively seeking more and collaborating with those we have currently to ensure that we communicate the vision and goals as effectively as possible. In addition to this, they have identified some key Japanese crypto influencers that are ready to take this to the next level in the Japanese market - stay tuned, ignore the news!!! + +**In summary** \- it has been really encouraging to sit in on the creative, structural and technological decisions that have been made today by the Shiba leadership; it’s not often that we see that sort of positive collaborative engagement when scrolling through CryptoMoonShots... + + +**TELEGRAM:** [**https://t.me/SuperShibaBSC**](https://t.me/SuperShibaBSC) +**WEBSITE:** [**https://supershiba.xyz/**](https://supershiba.xyz) +**TIKTOK:** [**https://www.tiktok.com/@cryptogemhunters/video/6961869966391987462?lang=en&is\_copy\_url=1&is\_from\_webapp=v1**](https://www.tiktok.com/@cryptogemhunters/video/6961869966391987462?lang=en&is_copy_url=1&is_from_webapp=v1) + + +**Contract address:** 0x922c77c7724d7b77fd7791be5cc5314b70c3a781 +**BUY :** [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x922c77c7724d7b77fd7791be5cc5314b70c3a781](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x922c77c7724d7b77fd7791be5cc5314b70c3a781) +I've developed a strategy to trade UPRO/SPXU that has worked beautifully starting about July 2020 with yearly returns over 100% and max drawdowns of 20%. + +Backtests to 2008 still has 50%+ CAGR but huge 80% drawdowns. + +Any suggestions on how to proceed? I don't know how I could determine when to pull the plug if the strategy stops working. +I'm looking for reddit forums to scrape for sentiment analysis - + +where should I start? I saw one guy who was doing a study to see if r/wallstreetbets was accurate at all - are there any other people who have studied the predictive power of different forums? + +Thank you +I'm curious on when and how people noticed they had transitioned from a gambler to a trader. In the beginning it essentially feels like betting on market action. +I'm personally early in my adventure. +[https://www.youtube.com/watch?v=RNgzOr-m6ok&ab\_channel=CNBCTelevision](https://www.youtube.com/watch?v=RNgzOr-m6ok&ab_channel=CNBCTelevision) + +TIMESTAMP 4.53. I have good hearing no one else noticed it, he did go pale before it switched off him. +I know that I have left this quite late, but is there anything I need to do with my Computershare account to ensure I get the dividend? My share type is ‘book’ and I haven’t changed any settings since I updated my account, I’ve only updated my tax information. Thanks in advance! +Am I the only one!? I list a new rental unit on Zillow - within a couple of hours I have a few of the generic "I'm interested in this property please contact me about a time to see it." I respond VERY quickly ( within 15-45 minutes, on average) and say something like, "Thanks for your interest - happy to set up a time to show it to you, please let me know when would be most convenient. Also, if I can provide any other information or answer any questions I'm happy to do that too. Thanks" And...... + +\*crickets\* + +I'd say fully half those people I never hear from again. And it's not just the first few - throughout the time I have the listing posted I'd say that consistently happens. What am I missing?! Why did you reach out if you weren't actually interested?? Do others experience this?? Thanks for any insight... +I thought this might be an entertaining and encouraging thread if people are willing to share out. As the title states, how fast did you 10x? I'd also appreciate if you shared abit of detail as to how you accomplished this. +Buying a small duplex in the low 200's. Current cashflow is $1700, should be able to increase by $300-$500 by the end of the year. + +I am putting 25% down. I was quoted 4.5% with a $7000 broker fee or 5.5% with a $2000 broker fee. + +One is commercial, the other residential. I feel like there are better rates/fees out there, no? +Hey guys, I got a lot of excellent feedback in my last [post](https://www.reddit.com/r/realestateinvesting/comments/fvh0hk/the_worst_thing_that_could_have_happened_just/). At that time the fire had JUST happened and I was freaking the fuck out. I had no idea what to do and I couldn't even think straight. This past week has been incredibly stressful but I've learned so much and have made a lot of progress. I have some time to give you my backstory. + +My dad has been investing in properties for the past 20 years or so and now has a portfolio of 16 properties with 20 doors. 4 years ago he had a stroke. He's been slower and has less energy now. He was disorganized before, but had kept it together. He had slowly been letting things get worse and worse. + +At the beginning of 2019 I stepped in. We owed about 40k in property taxes, 30k in water bills, and 8-9 vacants. I moved to Baltimore and tried to get things rolling. I feel like I haven't made as much progress as I should have. There was a lot of false starts and getting locked in analysis paralysis. I work a full-time job as a software developer. I've also gotten married and bought a house since then. I think I'm starting to get the hang of it and things are speeding up. + + + +Things I've implemented to make my life easier: + +- Using Cozy for collecting rent, it's meh +- Using AirTable for property inspections, licenses, expenses, projects, tasks +- Water bill web scraper +- Autoresponding to Zillow rental requests with prescreening questionnaire + +And then the fire happened and threw me into the REI ring before I was ready. The original gameplan was to start figuring out how to do REAL REI after I fill all the vacant properties. We were just slumlording it. The fire had kicked my ass into high gear. I've been making calls, building relationships and just getting shit done. Here's what I currently have in motion: + +- Working with insurance agent to get all occupied properties insured +- Working with a credit union to line up HELOCs or cash out refi's on +- Found a general contractor who is going to start demolition this week +- Took pictures and listed 4 of our vacants +- Draftsman is designing a new layout for the top two properties + +Now I feel like I'm doing what I came to Baltimore to do. I've figured out that we can leverage all the properties my dad owns outright to finance rebuilding the burnt property. The first floor of the property is salvageable. We are rebuilding the top two floors and going to make it real nice. He was making $1200 in rent from both apartments. Once it's complete we can charge 1200 each! Once that is rebuilt, I'm going to do a cash-out refi to build another one of our properties that is in a good location, 6 blocks away from Johns Hopkins Hospital. My dad bought it for 10k 15 years ago, and now a property across the street sold for 205k!!! This may be exactly what our family needed to get things in order. I'm more excited about REI now than I was before. +So the old adage is that the monthly rental rate should be roughly 1% of the cost of the property. So a $150,000 dollar house should rent for $1,500 a month. That seems to be an extreme rarity in today's market. See https://smartasset.com/mortgage/price-to-rent-ratio-in-us-cities as a source. The only area that would meet this standard is the last city on the list, Detroit, Michigan. How do any investors make any money in the top 20 cities on that list? The price of the properties vs the average rental rate seems incredibly imbalanced. Even looking at 'rougher' parts of Jersey City this rule cannot be met. Is this just not the time to get into real estate investing? +Here are the facts. What do you think? +* My credit has been frozen with all three major bureaus since I was part of a large data breach in 2019. + +*This afternoon I received an email referencing my new checking account with Capital One. I definitely did not open a new checking account with anybody, although I do have a credit card with Capital One, which I have had for 11 years. + +*The fraudulent account in question was opened under my previous last name, which I haven’t used since I got divorced nearly 8 years ago. + +* Upon receiving the email, I immediately called Capital One. They told me that the account had been opened on Friday, July 29 - the last business day of the month (quota deadline?) They then closed the account. I also called them back a 1/2 hour later and spoke to a different agent to make sure that it had been closed. + +* I then verified that my credit was indeed frozen with all three credit bureaus. It already was. I also added a fraud alert to all of them. + +*Next, I called my bank and put a fraud alert on my checking and savings account. + +* Finally, I obtained a copy of my credit report. Everything seemed all right, but I did notice that Capital One did a soft pull on my credit twice in the last week. + +My diagnosis here is that a Capital One employee needed to make a quota and opened this checking account under my former name thinking I wouldn’t notice. Why else would a criminal want a checking account in my name? It’s not like it’s a credit card they can run up a debt on and then abandon it, leaving me with the bill. What benefit would it have unless to stack up imaginary points with a corporate employer? Furthermore, since my credit was already frozen, this shouldn’t have been able to happen if someone with my info had impersonated me, correct? Hence the soft pull by an employee? +I am pissed. What should my next steps be? +Hi All, + +As title says I’m looking at a food truck investment. A person I know has been doing the work to start a food truck. + +He is looking at an 80k rig and putting 25 cash down and getting a loan from the bank for the rest. I mentioned to him I would do a small investment in that. + +Looking at putting in 5k to fund the first bit of running the truck. + +How can we value this and what’s the best way to set up? + +He will be doing all the work and I’ll be silent unless when asked to help out. + +What’s a good way to break out ownership? + +Edit: thanks everyone. Just going to put my money in ST (13/17week TBIlls) for now +Let’s break this down for everyone who is worried or wants to know what to expect in the coming week: + +AMC current status (30JAN2021) : +AMC has 44.6 million shorted shares and a grand total of 52 million shares. That means 86% of shares are shorted (by hedge funds) and 14% are being longed (all of us) + +Now what everyone is waiting for is when it’s time to close the positions of shorted shares and they (hedge funds) have to cover what they bet on. Keep in mind not EVERY share will expire on Monday. So we MUST hold beyond that. + +Today’s target (1/29) was to beat $8.63 (what hedge funds were betting it would be come Monday) and we did that closing at $13.29! AWESOME. This short position will have to close in 0.5 trading days (Monday) + +So Monday when they’re forced to cover ($8.63) they will have to buy it at its current price to cover their bet. Raising the price up even higher. + +But this isn’t even the best part. All of their other shorts are SIGNIFICANTLY lower. There are 9 different short stocks between $1.98-$5.96. Some of those shorts are 1.9 days away (Tue) 2.5 days (wed) 3.2 days (Thur) so the longer you hold, the higher the price gets and the more they have to cover. + +Over the next few trading days it is going to be a vIolent squeeze. We are at the starting line of what GME did. Hold your ground. Gains Monday are inevitable. But the gains on Tuesday-Thursday will be much higher. + +Short squeezes are historic: and to give you an example Volkswagen had a 46% short at $6 share price which squeezed to $110 a share back in 2008. And, who can forget our grandson GME? + +AMC is at 84% short at $13 The percentage is significantly higher and there’s a lot more room to grow. On the high end we’re talking the possibility of hitting $150-200 a share if everyone is smart and holding until Thursday. + +1. HOLD +2. Buy more on Monday if you can afford it because it’s going to violently rise +3. Enjoy the ride until AT LEAST Thursday evening when shorts have to close their positions and as a result of that they themselves take the price higher. +After a long, grinding career, I'm finding it pretty tough to rip the band aid off. So I've decided that 2022 is a year of weaning-off for me. This means: + +* I'm working fewer hours and only on things I *have* to do. I'm trying to avoid taking on new projects and responsibilities +* Am training others so people don't feel lost when I leave in the fall/winter +* Am cleaning up my investments, budgeting etc. so financially I'm comfortable with the plan +* Talking to my spouse a lot about it. She is amazing and totally supportive. Kids are too young to understand anything right now! +* I'm trying hard to think of what I'm going to spend time on next. This is the hardest part. Right now the leading idea is to give myself a break of 6 months to a year after I retire, where I don't take on anything where I exchange time for money. After that I am most likely to mess around with a startup idea that doesn't require massive amounts of time or $ investment. Or maybe I'll be fine with not doing anything for money, *ever*. I'm in my very early 40s, so the idea of being done for good is scary. +* For the moment just focusing on physical and mental health. Almost 20 years of unhealthy grinding has definitely taken its toll, and it is hard work to detox. +I had no idea it was a WAR zone. Tables had food on them and people just ran and yanked and fought for the food! Wow I always thought they just gave you a box of food or something? + +Anyway. Had fun though and now I’ll be able to eat this week and probably next week. They had eggs and milk and an assortment of desserts. I even managed to snag one tiny pound of hamburger! Going from eating ramen to every meal to this is great! 100% would recommend!!! + +I went with my friend and she helped me through the ropes. Shout out to her! +I see a lot of people that made huge gains, life changing amounts of money that instead of closing the position decide to risk it in the hopes of making even more money. Any statistical analysis will tell you that your chances of repeating a 1000% gain in a trade are very low,actually you are way more likely to lose money. + +So what I don't understand is why someone wouldn't take the profits and use them to improve their lifes, if someone were to gift you a million dollars tomorrow you wouldn't go and put it all in a very risky trade but for some reason if you make a million in a very risky trade a lot of people would put it back in another different very risky trade. +So, I've been reading this sub for a while and there is a ton of great advice here about how to set up your savings to optimize your gains, and just good general financial knowledge which I would put (at the risk of sounding conceited) as a higher level knowledge than what is found in /r/personalfinance; the next tier, so to speak. + +My wife and I have spent years paring down our spending to a level which is consistent with the lifestyle we want. However, with my income, I'm not achieving the dollar amount of savings I would like. My solution was to pick up some side work. If you read my comment history you may find sporadic posts about doing some contract engineering on the side. I've only been doing it for a few months and the pay is pretty decent. However, I decided to stop and give up this extra income. I was set to make in the range of $10-$20k a year extra and I'm giving that up. The reason I'm giving it up is for more time. + +I have a tendency to get so wrapped up in thinking about the extra income that I totally forget about the negative impact it will have on my day-to-day life. With this side work, I was only averaging about 4 hours per week, but it was starting to increase and I wanted to nip it in the bud before it got out of control. I didn't find myself having the time/energy to focus on my hobbies. My wife and I are trying to live a more meaningful, intentional life and I discovered that this extra work was not in line with those values. + +One effect it was having on me was it was preventing me from fully engaging when I play with my kids in the evenings. I'd get home and play with them and be physically present, but I wasn't engaging mentally and that was a huge red flag. I will never get this time back with my children and I want to be fully engaged with them as they play and learn and grow. As I played with them I'd just be thinking about the work I have to do once they go to bed. It wasn't making me happy, just anxious. + +Another negative impact was it was impeding on my quality time with my wife after the kids go to bed. She'd just fall asleep on the couch and I'd go downstairs to work. This is not cool. My wife is the most important person in my life and I was not demonstrating that. + +Lastly, I was having no time to focus on my hobbies. I am into woodworking and only see that hobby growing. One reason I want to RE is so I can spend more time designing and building furniture. This is one of my passions. I need to be spending my time doing this, not contract engineering so I can beef up a bank account somewhere. + +As per the advice of the sticky thread on this sub, I have identified the life I want and am saving for it. I'm still able to save ~20% of my income, but now I get to enjoy the journey. Yes, I'll have a slower time to retirement, but if that means I get to enjoy every day, then so be it. + +I am sharing my story because I'm hoping it might inspire someone who is in the same position I was; spending all their time making money for some future and not fully engaging in the present. Is it worth retiring a couple years earlier if you spend the next 20 dead inside? + +tl;dr - I stopped doing my side work so I could have more time with family, friends, and hobbies. +Good evening Apes. + +This is not financial advise - People have called me out for calling MOASS early... I called MOASS in February (and every week since then). Obviously timing MOASS is pretty hard - but we can look for other signals. I keep getting drawn back to the China Property Shit Show... + +I do believe the China High Yield Bond Market is already exploding and have some truth below. See you can't fake this. You can fake a lot of things, as we've seen, but you cant fake hundreds of billions of dollars of debt. + +Most of these bonds are gonna get you around 11 percent. The ten year treasury is 1.45pct. You telling me your money is good on a 8.5 pct bond maturing next year trading at 35 cents on the dollar. Okay guy... Thats a shitty bond if Ive ever seen one. + +[https://www.bondsupermart.com/bsm/bond-factsheet/XS1580431143](https://www.bondsupermart.com/bsm/bond-factsheet/XS1580431143) + +As a proxy, I can use the Black Rock Asian High Yield Fund. Although it did not fully crash during the Covid Sell off of March 2021, this fund is only 5.8% above the Covid lows - + +[https:\/\/www.blackrock.com\/sg\/en\/products\/291686\/blackrock-asian-high-yield-bond-fund#\/](https://preview.redd.it/veoim82d99y71.png?width=812&format=png&auto=webp&s=427efe1af706935d893eb376cc7321b5da383ebb) + +Whats in this Fund? + +[32.76 Percent of the fund is Construction... ](https://preview.redd.it/su4rn3xsa9y71.png?width=964&format=png&auto=webp&s=622901a5eae6cd4dd1ab65e8847ae64bd03acf69) + +Whats more interesting is how Black Rock are reporting the distribution(s). See if you don't know, Black Rock and big firms packaged these bonds together and sell in the form of Mutual Funds and ETF's. They pass these off in monthly distributions - + +[So Black Rock just don't report the distributions anymore - Black Rock removed the image above \^](https://preview.redd.it/x8z71eabb9y71.png?width=309&format=png&auto=webp&s=76dd51b003d275da32706e14ab3787153bf38fb9) + +[https://www.reddit.com/r/Superstonk/comments/qn7gii/the\_asia\_high\_yield\_fund\_dividend\_went\_down\_27/](https://www.reddit.com/r/Superstonk/comments/qn7gii/the_asia_high_yield_fund_dividend_went_down_27/) I saved it here and cant find this information above on the Black Rock Site - + +In August on 2021 the Distribution Dropped from .15 cents per share, to .11 cents per share. So whats a 4 cent drop on 15 cents? It goes like this... + +11cents/15cents = .73 - + +so - the distribution dropped 27 percent - Wow.... And the fact that Black Rock have removed this from their site is so sketchy lol... Have a look and see if you can find it yourself? + +**Heres where it gets interesting - 27% of the dividend is missing -** + +This fund is about 32% "Real Estate" (see above). I believe, that the missing dividend is a direct cause from the defaulting "Real Estate" holdings in the Fund. + +[https://www.blackrock.com/sg/en/products/291686/blackrock-asian-high-yield-bond-fund#/](https://www.blackrock.com/sg/en/products/291686/blackrock-asian-high-yield-bond-fund#/) + +Take a look at the new fact sheet - no information on the yield or dividend - Is Black Rock hiding China Default? + +I would like some wrinkles to look over this and let me know if I'm stupid AF - But. + +**TL:DR - The Asia High Yield Bond Market has has a 27 percent drop in coupon payments - Black Rock has modified their website to hide the distribution information. The Asia High Yield Bond Market has been stressed since August, when the fuckery accounting began.** +So bought this morning, not sure if I've done the right thing. I would have thought that the transaction would have included a price and a fee. Am I missing something? + +&#x200B; + +First time buyer, long time lurker. + +&#x200B; + +I said to my wife, I think we should buy a thousand bucks of GME and she's like ok. So now I know I'm going to get questions I can't answer +I got a call from someone saying they are trying to deliver "documents" to me. To an address I haven't lived at in a decade. They couldn't give me information but directed me to the the person trying to send the documents. + +I called the other company and they said that I owed chase $6000 dollars and they purchased a debt and we're ready to enter the litigation stage for defrauding a financial institution. I haven't had a credit card since I was 18. I'm 35 now. And I never had a card with more than a 300 limit. I also don't think that cars was a chase card but it's been a long time. + +The person told me I couldn't dispute the dept or the amount any longer since they sent a letter to that old address and didn't hear back. They also assured me it wasn't past statute of limitations but couldn't answer any questions about the debt like dates or anything. They said it's already been transferred to the legal dept and the only thing that could stop the litigation and a ten year wage garnishment was a payment schedule. + +I declined because I'm broke. I know if it goes to court I should def be there to explain it's old debt and over inflated at the very least. How concerned should I be? Is this just another scare tactic or is this the real deal? +That is enough for me to fly somewhere without extradition and pay plump chicks to sit on a hammock and poo on my face while I lay under it. +It is also enough to pay for security to fight off the international assassins that BlockFi would send after you. +I've only ever been advised to not go to Interest Only home loan repayments. But is it valuable in some circumstances? + +I'm currently paying off my home loan with my partner, and we have two young kids. Due to reduced work hours to raise them, we are barely saving at all - just kind of breaking even. + +I expect this to improve with time as we take more hours, and reduce some expenses. + +In the meantime, is there any value on dropping to Interest Only on the home loan (from P&I) for a period of up to 12 months to increase cashflow? Or is that strictly a bad move? +Hello, I am thinking of dropping out of University but I'm worried about the financial damage it may do but I don't fully understand it either, what costs will I be taking on if I drop out of uni, half way through final year? +Corporate executives have this month bought shares in their companies at a rate not seen since the early days of the Covid-19 pandemic in what some Wall Street analysts said was an encouraging sign for the US stock market. + +&#x200B; + +Between the start of the month and May 24, insider buying at S&P 500 companies has been the strongest since March 2020, according to figures from VerityData. For the broader Russell 2000 index, there have been more insider buyers than sellers this month for the first time since March 2020, VerityData said. + +&#x200B; + +Despite retail investors pulling out of the stock market and the looming threat of a slowdown or recession, “corporate insiders are holding a non-consensus view across most sectors and \[are\] actively buying the dip”, analysts at JPMorgan said in a May 27 note, adding that the share purchases were encouraging for the direction of stock markets. + +[Line chart: Net insider buying](https://archive.ph/Xoram/8b7ad801524416a019e2e59407135fd8bb58963c.avif) + +&#x200B; + +US stocks snapped a seven week losing streak on Friday although the benchmark S&P 500 index is down 12.8 per cent so far this year. + +&#x200B; + +Strong insider buying “has historically been a pretty good sign of market bottoms”, said David Giroux, portfolio manager at T Rowe Price. + +&#x200B; + +“Insiders are saying ‘we don’t see a massive event coming’ . . . \[that\] these are really good buying opportunities,” he added. “This is just another confirming data point that should be positive for the market over six to 12 months if not longer.” + +&#x200B; + +Earlier this month Howard Schultz bought $15mn of Starbucks shares after returning as interim chief executive in March to the company he turned into a global coffee chain. It was the first insider stock buying at Starbucks since August 2018, VerityData said. Starbucks shares are down about 35 per cent so far this year. + +&#x200B; + +Vladimir Shmunis, co-founder and chief executive of RingCentral, a web-based app company that replaces landline phones, spent $1.2mn on his first stock purchase since the company went public in 2013. RingCentral has seen its share price plunge more than 60 per cent this year. + +&#x200B; + +Representatives from Starbucks and RingCentral did not respond to a request for comment. + +&#x200B; + +“There is certainly message sending \[with\] buying and some of it is performative,” said Ben Silverman, research director at VerityData. + +&#x200B; + +However, Silverman said that he would have expected “more intense buying right now”, especially at S&P 500 companies. + +&#x200B; + +“In March 2020, no one had any clue how the next two years would play out,” he said, adding that at the start of the pandemic “we saw a lot more \[buying\] conviction”. + +&#x200B; + +@Via [FT](https://www.ft.com/content/72442478-1759-4ac2-8d7c-bf0382997af9) (non-paywall link at [archive](https://archive.ph/Xoram)) +Guys on HC are lately creaming their pants over TLG’s potential. Some are claiming between 10-30x current SP. Now, I know everyone here thinks HC guys can blow things incredibly out of proportion but some of their posts are quite compelling. I already having 5k @ 0.62 in and contemplating a serious top up. Anyone here feel like doing a bear DD on Tagla? Much appreciate gents 🤙🏼 +It’s been talked about by two autists today and yesterday and from ready what they have said it has me feeling like NZS again. + +Can’t anyone please tell me a good reason not to chuck a couple of bags at it before close. + +Had a decently run yesterday and down 5ish% today + +Edit +NOT MY DD +AVA - security company with tech, services and cyber divisions + +AVA - 70.67mcap + +$46,131,000 yearly rev (up 46% v. LY) + +48% gross margin (up from 43% LY) + +$4,942,000 net profit (up 205%) + +Positive cash flow of $5,964,000 + +$7,703,000 cash in Bank + +Severely undervalued company with revenues almost the same as its mcap. No real debt. Business recently turn profitable and cashflow positive, and growth is accelerating. Very innovative - machine learning a key focus of their development team. + +Experience management team, CEO Chris Fergus was the MD and Regional MD of G4S (leading security company), COO is also ex-G4S and ex-PwC director + +Have a look at their latest annual report, it's very impressive. Based on their forecasts for next year, this is worth ~48c as a very conservative estimate + +Credit to u/icarusintraining u/honestshiba for posting some DD +Red for the past few trading days and has room for a 100-200% jump. No one is going to use thinkmarkets/superhero and all that gay shit. Not chess sponsored, shit UI, monthly subscription costs etc. CMC is apparently "free" now but they're dodgy and aren't chess sponsored either. +In at 0.445 so safe to say I’m kind of a big fkn deal right now BUT yesterday’s red day got me all poopy in my panty + +Help me wipe my ass, how long we holding this salmon stock!? Bright future or pump n dump a la fish guts +I bought my first lot of shares about 6 months ago on advise from my wife’s friend at work and then bought some more at the start of Covid-19 while they were low. Small investment for now but getting itchy... + +I found this sub just a couple of days ago and find it very entertaining to say the least. But what confuses the fuck out of me is all the posts today saying value has dropped so I have better sell everything now, and in a lot of cases, less than what you bought it for. + +A total noob like myself thinks, if you bought a stock in the first place, wouldn’t it be because you would think it would go up over time? The only reason you would sell it is because you don’t think it will ever go up again or take a very long time to increase in value? + +Feel free to send me over to r/ausfinance if you don’t think this is the right question for this group. Just trying to understand do you all just have too much money and you don’t care or should I take everyone’s advice, buy high, sell low and only Z1P and NVX stonks? + +TIA +How the fuck do I; can we just have a Robinhood equivalent already? +What's the best way to trade options in aus, tried the IG market demo account but there were only like 30 different things I could trade options on. Where are my Amazon puts etc. available? +How the fuck do I; can we just have a Robinhood equivalent already? +What's the best way to trade options in aus, tried the IG market demo account but there were only like 30 different things I could trade options on. Where are my Amazon puts etc. available? +Aight guys legit discussion here. +If everyone were to like fuse their portfolio percentages of win loss ratio in this casino we play. Do you think that our gainz porn. Outweigh our loss porn. +I've see. Diamond hands score hundreds of K. Mine included for like 4 micro seconds before the BRNapocalypse. +Interesting to think about I think. +Autist combined power???? Green or red? +I've noticed quite a few companies who's share price was originally up in the high 10's or even 100's, some 10 to 20 years ago, who's SP is now sitting around the 0.001 mark. Has there ever been a case of a company that bounced back to that high point? + +Imagine buying $500 at 0.001 then it jumps to $50. $25m? yes please.. Edit: Sorry, $24,999,940.10 after broker fees + +Take CYQ for example. $44 back in 2008, now hovering around 0.001/2 + +Even more broadly - once something reaches that severe low, does it ever rocket into the dollar range? +Honestly the amount of times ive heard this shit and no more than 5-10% of for an individual stock in your portfolio. + +Does anyone do this? I have 14 stocks at the moment im starting to think its way to much. About to sell most and go all in on 3 stocks. Yeh its good to hold onto a stock that could potentially make it big and you scored it at a dirt cheap price. But going all in on lets say Zip or NXT there is no waiting and wont be losing anytime soon. Guaranteed big profits +I promised my self I will never invest in stocks mentioned here on pennystocks. I also promised myself I won't buy any stocks suggested by @Hugh_Henne or @Zack Morris. I made four trades in MVIS, MARK, RMBL, and KTOV, all of which I lost about $1000 on. I'm the only one to blame here cause I didn't do my DD, I just bought into a stock if I saw it mentioned in more than one source. I often bought and then it turns out that was the peak of the chart, then it goes downhill from there on all 4 stocks. Everytime I want to sell to cut my losses, the forums here says "hold till the PR, were going to the mooooooooon!" but instead it goes down even more. When I decided to do my own DD, I found TLSS, which I bought 50,000 shares at 0.02, and thankfully made back my losses quickly. After that experience, I promised my self I will never invest in a stock blindly, especially penny stocks that are hyped up on here. I've also noticed that these twitter trades only retweet success storries, and never the stocks they lost on. What are your thoughts and experiences? + +P.S: upvote so new traders don't make the same mistakes I did. + +Edit: I love seeing the comments that bash me and the ones that agree, cause that exactly what I want to communicate to new traders about trading blindly. Don't follow blindly! Do your own DD. Also for those that say they made money on Mark, I bought Mark on May 6th at 0.97, and sold the next day at 0.84 to cut my losses, probably because of something I read here on on twitter, or I panic sold. I bought MVIS at 1.45. All amateure mistakes. Yes that was a bad decision, but without any DD I couldn't have known better! Also note I didn't provide my DD on TlSS cause that would just defy everything I said in this post, you do your own DD! This subreddit has alot of good advise like not being too greedy and setting stop losses. Please new traders do your due diligence and you might have a way better start than me! Good luck! +The IRS's **[Free File](http://www.irs.gov/uac/Free-File:-Do-Your-Federal-Taxes-for-Free)** program allows those with adjusted gross incomes under $62k to use the Free File software for their federal taxes for no charge in a partnership with the [Free File Alliance](http://freefilealliance.org/). Many states also partner with the FFA to offer free state tax returns to those that qualify, and some states offer free e-filing for all taxpayers. Tax return processing will begin [January 19, 2016](https://www.irs.gov/uac/Newsroom/2016-Tax-Season-Opens-Jan-19-for-Nations-Taxpayers). + +(*Note: Every taxpayer regardless of income can file for free if you want to fill out the tax forms by hand. The free service being provided here is the software back end that does the calculations for you. Tax returns prepared electronically are generally more accurate than those filled out by hand, reducing processing time and the potential for penalties that result from errors in your filing.*) + +###What can you do in January to prepare for tax season? + +* Finish up any IRA contributions for 2015 (you have until April 15, 2016 to make 2015 IRA contributions). + +* Look up the schedules your various financial institutions are planning on issuing your documentation (1099s, etc) so you can watch for them. Ask your employer when you will receive your W-2. + +* If you are considering professional tax preparation and haven't done so before (or are switching preparers), now is the time to be asking around to find a tax preparer. If you have an established relationship, it's always nice to reach out to say you will/will not be going with the same person again. + +* I'm sure you'll have ideas as well, leave them in the comments. + +*** + +Links to state tax portals are below: + +Alabama - Free e-filing: http://revenue.alabama.gov/eservices/mat-signup-help.cfm + +Alaska - No state income tax. + +Arizona - Partners with several major tax software providers: http://www.azdor.gov/EServices/Individuals.aspx + +Arkansas - Partners with several major tax software providers: http://www.dfa.arkansas.gov/offices/incomeTax/eFile/Pages/freeFileProgram.aspx + +California - Free filing through CalFile: https://www.ftb.ca.gov/online/calfile/index.asp?WT.mc_id=EfileOptions_Feature_CalFile_Start + +Colorado - Free filing through Revenue Online: https://www.colorado.gov/revenueonline/_/ + +Connecticut - Free e-filing through the Taxpayer Services Center: https://drsindtax.ct.gov/AUT/welcomeindividual.aspx + +Delaware - Online filing: http://www.revenue.delaware.gov/pit_onlinefiling.shtml + +District of Columbia - Free e-filing through the Taxpayer Services Center: https://www.taxpayerservicecenter.com/individual/Ind_Logon.jsp?type=100 + +Florida - No state income tax. + +Georgia - Partners with several major tax software providers: http://dor.georgia.gov/free-file-alliance + +Hawaii - Free e-filing (fee to make a payment): http://tax.hawaii.gov/eservices/efile/ + +Idaho - Free e-filing for qualifying taxpayers: http://tax.idaho.gov/i-1020.cfm + +Illinois - Free e-filing: http://www.revenue.state.il.us/MyTax/IL-1040.htm + +Indiana - Free e-filing for qualifying taxpayers: http://www.in.gov/dor/4740.htm + +Iowa - Free e-filing for qualifying taxpayers: https://tax.iowa.gov/individual-income-tax-electronic-filing-options + +Kansas - Free e-filing: http://www.ksrevenue.org/iiwebfile.html + +Kentucky - E-filing: http://revenue.ky.gov/etax.htm + +Louisiana - Free e-filing: http://revenue.louisiana.gov/EServices/LouisianaFileOnline + +Maine - Free iFile: http://www.maine.gov/revenue/netfile/IFileDesc.htm + +Maryland - Free iFile: https://interactive.marylandtaxes.com/Individuals/iFile_ChooseForm/default.asp + +Massachusetts - WebFile: https://wfb.dor.state.ma.us/webfile/wsi/ + +Michigan - Free e-filing for qualifying taxpayers: http://www.michigan.gov/taxes/0,4676,7-238-44070_46640-288774--,00.html + +Minnesota - Free e-filing for qualifying taxpayers: http://www.revenue.state.mn.us/individuals/individ_income/Pages/Online_Filing_Software.aspx + +Mississippi - Partners with several major tax software providers: http://www.dor.ms.gov/taxareas/individ/efiling/developers.html + +Missouri - Partners with several major tax software providers: http://dor.mo.gov/personal/electronic.php + +Montana - e-filing through the Taxpayer Access Point: https://tap.dor.mt.gov/_/#2 + +Nebraska - Free NebFile: http://www.revenue.nebraska.gov/electron/ind_e-file.html + +Nevada - No state income tax. + +New Hampshire - No state income tax. + +New Jersey - Free NJWebFile: http://www.state.nj.us/treasury/taxation/pcfile/njwebfile.shtml + +New Mexico - e-filing through the Taxpayer Access Point: https://tap.state.nm.us/tap/_/ + +New York - Free e-filing for qualifying taxpayers: http://www.tax.ny.gov/pit/efile/default.htm + +North Carolina - Free e-filing for qualifying taxpayers: http://www.dornc.com/electronic/e-file.html + +North Dakota - Free e-filing for qualifying taxpayers: http://www.nd.gov/tax/indincome/elecfiling/ + +Ohio - Free e-filing: http://www.tax.ohio.gov/ohio_individual/individual/filefaster.aspx + +Oklahoma - Free e-filing for qualifying taxpayers: https://www.ok.gov/tax/Individuals/Income_Tax/E-File_Options/Free_File/ + +Oregon - Free e-filing for qualifying taxpayers: http://www.oregon.gov/DOR/programs/individuals/Pages/individuals-e-filing.aspx + +Pennsylvania - Free e-filing for qualifying taxpayers: http://www.revenue.pa.gov/OnlineServices/PersonalIncomeTaxe-Services/Pages/File-My-Taxes-(PA-e-File).aspx#.VHSUtVXF_Iw + +Rhode Island - Partners with several major tax software providers: http://www.tax.ri.gov/misc/efile.php + +South Carolina - Partners with several major tax software providers: http://www.sctax.org/Electronic+Services/FastFile/default.htm + +South Dakota - No state income tax. + +Tennessee - No state income tax. + +Texas - No state income tax. + +Utah - e-filing through the Taxpayer Access Point: https://tap.tax.utah.gov/TaxExpress/_/ + +Vermont - Partners with several major tax software providers: http://www.state.vt.us/tax/eservices.shtml + +Virginia - Partners with several major tax software providers: http://www.tax.virginia.gov/site.cfm?alias=freefile + +Washington - No state income tax. + +West Virginia - Partners with several major tax software providers: http://tax.wv.gov/Individuals/ElectronicFiling/Pages/FreeFileOptions.aspx + +Wisconsin - e-filing through WI efile: https://www.revenue.wi.gov/wi_efile/ + +Wyoming - No state income tax. + +After selling my business I've recently become Fatfire'd (37M, \~$10M NW, HCOL in UK). I'm actually new to investing in public markets (whilst building my company I invested in other tech startups and VC funds) and so this might be a bit of a newbie question. I've understood the general advice to invest in index funds and to "dollar average" my money into the market. What I've not seen any advice on is how to determine what period I should dollar average in for? + +Conceptually I know that if I spread it over too long a period then I might miss out on some gains, but equally if I rush too quickly I might just defeat the point of dollar averaging. However I don't know what criteria I should use to settle on a specific period. + +For background (in case it matters), funds are all sat in cash (as company has just been sold) earning close to 0%. I have low expenses so my investment goals are really just to maximise the long-term (e.g. 10-20y+) returns. All inputs welcome and thanks in advance!! +Backstory. I have some six-figure capital losses this year and need to offset them with capital gains, which I have plenty of. The way I do this is by flipping back and forth between VTSAX and VFIAX to get the tax result I want. For those not familiar with Vanguard, these are two funds that are different enough to trigger taxable events, but tend to track each other in terms of performance and returns so you can, in essence, trigger whatever tax effects you want without changing your portfolio in a super significant way. + +As I'm sitting there about to make the exchange for exactly the amount of gains I need to offset the losses, it occurs to me that maybe I want to trigger MORE capital gains this year (maybe all I have tucked away) in anticipation of new tax laws that might raise capital gains rates (current Biden plan I believe is to tax cap. gains at ordinary rates for $1M+ earners I think?). + +Just wondering if any high earners are thinking about this and, if so, what are you planning to do, if anything. +So about 200 days ago I submitted this post + +https://www.reddit.com/r/fatFIRE/comments/hd6rn4/yachts_are_a_money_pit_however_if_i_felt/?utm_source=share&utm_medium=ios_app&utm_name=iossmf + +Lots of great discussion, encourage everyone to check it out. I got some really good advice and feedback, and having had a few months to think about it and think about my own future, I want to come back to this group with an updated idea. I am looking for advice and critique. + +———— + +Gist: + +I think within 25 years we will have fully electric trawlers, imagine an electric Nordhavn 76. Why does this matter? I did some re-reading of my former post and googling on yacht upkeep cost breakdowns, and half the upkeep cost is fuel, and maintenance. I imagine, like most things, the majority of this maintenance is for the diesel engine and associated systems. + +So again, why am I bringing this up? If yachts, which are hilariously and infamously a money pit, can have an upkeep cost cut down by almost half, that’s seriously A calculation changer on my end. I know some of you might disagree with this rough assumption, but electric motors have extremely little maintenance requirements… Go look at Tesla, people are driving their cars for almost 10 years and they don’t require routine maintenance checks. Even if a boat motor had a routine check, it likely wouldn’t be with the frequency and severity of something as destructive and combustible as a gas /diesel engine. Then factor in the extremely small degradation with electric motors and possible very-small decreases from solid state batteries. + +Next, people in the prior thread noted that you didn’t save money by living on board. Fair. However, I wonder if you could increase the savings by either working as a charter part time, for fun and also to drive some income so that you could write down the depreciation of the boat on your taxes, ORRR offshoring most of your money. I admittedly know literally nothing about that, but I imagine living on a boat makes it slightly easier? + +I am trying to decide what I really want to pursue in the long term. I’m not into big houses, I don’t have expensive tastes, I don’t imagine myself belonging to a ritzy golf clubs. Retiring on a large yacht seems like an adventure, and a lifestyle (I fully understand the daily work requirements of this) that would give me a sense of childlike adventure to look forward to. + +A big assumption here is that batteries make the jump in 25 years. I think it is an extremely safe assumption, especially with what is going on with solid-state batteries right now. In fact, I would appreciate it if responders to this post could simply take this for granted because I’m not here to defend that key assumption, but rather to explore the hypothetical future upkeep cost changes that might result from a transition from diesel to electric. +Hi all, + +I should probably prefix this with the warning that I'm not sure if what I need is financial advice or a therapist, but here we go ;) + +I am a co-founder at startup that has an acquisition offer on the table that would net me 5m USD in cash up front and 3m in RSUs over 4 years, all after tax. This is a "sure thing", in the sense that the deal is negotiated, all points of contention resolved and will be tabled for signing in a week. For various reasons, whether to go with it or not is mostly up to me. + +We have an alternative offer of a Series A investment round that would include a 2m secondary sale (with the possibility of perhaps doing 3m, but less likely), at a 60m valuation. After the round and the secondary I would still own 20% of the company. So on paper 12m at the 60m valuation, with 2-3m in the bank. + +For some further context: with the financing our current CEO wants to step down to focus on product while we bring in a new CEO recommended by our investors. I think there is a non-negligible chance of this imploding as there will be quite a lot in flux at once, and pre to post Series A is a high risk time in the best of scenarios. We also have not established product-market fit IMO, nor any sort of GTM strategy. + +So, to get to the point: what I am trying to do is to figure out of I would be at peace with taking the 2-3m now, and having the company then later implode instead of taking the 'safety' of the 8m. Part of that involves reflecting on my own desires/values and part of it requires me to figure out what unknowns I am not yet considering. Which brings me to you guys =) I am not even entirely sure what I should be factoring into this decision as I don't have a solid grasp of what the difference between 2-3m and 8m is in terms of personal finances, lifestyle etc. + +1. For people with 2-3m in the bank: What, if any, pain points do you associate with this that would be resolved by having an extra 5-6m? What do you feel like you cannot do due to this delta. +2. For people with \~8m in the bank: At what point, if any, between 0 and 8m do you feel like there was diminishing returns, or no further need for an increase? Do you have any strong feelings on whether you would feel materially worse off due to having 2-3m? If so, in what sense? +3. For people with 20m+ in the bank: Do you feel there is sufficient material difference between 8 and 20+ that you would consider rolling the dice on a higher valuation exit? +4. Anyone: feel free to ask any clarifying questions or give any pointers you think may be relevant. + +I realise these are vague questions with subjective answers and that this is a subjective problem, but what I am trying to do here is uncover any blindspots in my reasoning or things I simply haven't considered. Any input would be greatly appreciated! + +&#x200B; + +====== + +&#x200B; + +Added context that may be relevant: I have no dependents, have about 130k USD invested in stocks and no other assets, due to generally favouring career choices that were intellectually interesting rather than financially rewarding. I'm mid-30s, live in the Europe and could get a job at a FAANG/MS at Principal Engineer level if the company did implode after a couple of years. I would rather not have to do this however ;) + +As for the company, we have a strong team with a technically excellent product, in a fast growing area with some key patents, and top tier investors. However, as mentioned, we have not yet figured out how to sell the product in a repeatable manner, and outside of team/tech my co-founder and I are ... relatively incompetent ;) +There has been a lot of strange movement in GME stock price over the past couple of weeks, but today stands out for me. There are a few points to touch on, but essentially my thesis is based on [today's chart so far](https://imgur.com/gallery/fLe50gq) and a couple of key points. + +#Today's Chart & Price Action + +When market opened today, almost all technical indicators were very bullish for GME. This indicates that we should see some very strong bullish moves in price today. + +A quick caveat - all technical analysis, and any natural price movement really, requires volume. Without volume, the price cannot move naturally, and technical analysis/indicators will eventually exhaust and fail. + +Looking at the chart today, the price action was playing out somewhat as expected. It tested an early support around $210-211 before entering a rising channel for most of the morning. Indicators remained bullish for the entire time, but volume wasn't showing up. After two down days, this was a perfect opportunity to create a massive move and gap up - potentially causing a small squeeze. But nothing happened. Volume never showed up, and the move started to become exhausted. + +At about 1PM, we started seeing the price test the lower end of the channel repeatedly. At this point, if we were going to see a bullish continuence, we would see a spike in volume to push it back up into the channel. We repeatedly didn't see this and it eventually failed. And then what happened? **Nothing.** + +This failure to maintain the bullish move was a perfect opportunity for those holding short positions to pounce. They could have used a fairly minimal amount of capital to smack the price down, and likey blow right past this morning's support of $210 and maybe even break below $200. It was a golden opportunity, and literally nothing happened. Even now, at almost 2PM it is still trading sideways on virtually no volume. + +Both sides of this trade, long and short, were presented with golden opportunities throughout this morning. Both sides chose not to act. Why? + +#Gamma Squeezes + +In order to continue, and explain my thesis, I need to explain a bit about gamma squeezes. **I also think this will be helpful to many people, because there is a ton of misconception that spreads about how gamma squeezes work.** + +Gamma squeezes are a result of open interest in options and hedging by the market makers holding the options. People also misinterpret volume as open interest. Volume on options is for the most part irrelevant. What matters is how many total calls are open at each strike price. When a market makers sells a call option, they must remain risk neutral. In order to do so they need to buy shares of the underlying stock as the call becomes more likely to expire in the money. In a very simplistic form: let's say there is currently a 50% chance a 230c ends up in the money at the end of the week. The market maker would buy 50 shares now to hedge their risk. As it becomes more or less likely through price movement and theta decay, they'll either sell or buy more shares to remain risk neutral. + +This leads us to the most common misinformation I see spread here and other places regarding gamma squeezes. *There are currently 250,000 calls ITM, so if we hold above this by Friday there will be a gamma squeeze.* That is not how it works. The strike prices that are currently in the money are probably considered 90+% likely to be in the money upon expiration, which means they are pretty much fully hedged already. They do not remain naked on all calls and then scrambled at close on Friday to fulfill ITM contracts. + +So what causes a gamma squeeze? (This part is very important, and is the key to my entire thesis for Friday) + +A large amount of open interest becoming ITM suddenly, unexpectedly, and very close to expiration. A gamma squeeze is essentially market makers scrambling to accumulate shares to fulfill contracts that are in the money. The only scenario in which this happens is for very unexpected price movement to happen on Friday basically. + +#My Thesis + +Short positions do not want the price to drop between now and market open on Friday. Longs want to have the highest possible number of OTM call options when markets open on Friday. Why? We need a large amount of open interest to move from OTM to ITM suddenly, unexpectedly and close to expiration so there is a smaller window for MM to fulfill the shares. + +If we can get down under $150 by Friday open, this gives us several strike prices in $10 increments, many of which have large open interest amounts. These strike prices can be used fairly rapidly to force unexpected need for hedging risk (aka buying shares) very quickly. If we end up opening at $250+ on Friday? Most open interest that can realistically end ITM will already be ITM and thus already fully hedged against. This means there is little to no opportunity to force a gamma squeeze. Not only does open interest go against us, but we'd need to move the price up $50 to hit the next large batch of open interest, and then another $50 to the next, then after $400 it goes in $100 increments. *Additionally*, it takes an exorbitant amount of money to move the price from $250-300. It takes MUCH less to move it from $150-160. Then $160-170. And so on. And along the way you're picking up more and more buying pressure from MM hedging. + +An added bonus to keeping the price lower is it will increase the open interest in FDs by lowering the premiums at strike prices between 150-250ish, which is where we really need the most open interest. + +#Conclusion + +Short positions desperately do not want the price to drop too much before Friday. The squeeze needs an explosive movement to trigger, and if we get down to around $150-160 before open on Friday, it will take a significantly lower amount of capital and volume to trigger a large move. + +Long positions want to see as low of a base as possible going into Friday, because it will mean a larger amount of open interest that can be used as fuel for a gamma squeeze, which could trigger the short squeeze. + +IMPORTANT: This is all my opinion. This also is not a guarantee. For starters, I could be wrong about literally everything - I am retarded after all. Secondly, long whales have planned big attacks on Fridays before and failed every time. They could fail again this week even if I'm right. The important part is that if you believe based on your research that the short interest is still over 100%, then this has to squeeze at some point. It doesn't have to happen Friday, but it does have to happen. At the end of the day, validate any DD you see on your own, do your own research, and make your own decisions. + +Apes strong together. 💎🙌🚀🌖 +The inflation rate is cooling off from the impact of interest rate hikes. It takes 9-12 months for rate hikes to be felt and 12-18 months for the maximum effect. The Midterm election, CPI report, interest rate hikes, house prices and rents, wage growth, job openings, unemployment rate, international conflicts and trade wars all play a significant role in guiding the market's macroenvironment. Hopefully, more of this kind of good trend will continue to jumpstart the market soon. +https://www.bls.gov/cpi/ +Have about $3M in vested stock at previous fundraise that I was waiting for an IPO that was supposed to be sometime this year, but given the market that might or might not be happening. + +Was approached by a company called Linqto that offered to buy at a 20% discount to previous preferred price. Based on public comps I’m guessing that the real discount is probably closer to 30-40% if they were public now, but I was holding out hope that things would get better and that there could even be upside to the most recent preferred price, but that seems less and less likely. Thinking of selling some, but also feel reluctant to sell at lower than the last valuation. Slight complicating factor that long term cap gains doesn’t kick in until November, but I also don’t want to miss out on the chance to sell. + +Current net worth of $1.5M, but most of it is tied up in real estate. I guess the other thing in my mind is if I sold it all at discount that’s still $2.5M gross / $1.25M net, which effectively doubles my net worth, but at one point I was hoping it would be more than that. My mind says I should sell some or maybe all, but my heart says to hold to see if I can get that upside. Curious what you’d do? +Certain global cities are quite inexpensive, but do you want to live like the locals or do want to have access to luxury experiences and goods? + +This report is long, but makes some attempt at quantifying how much certain services and goods cost in different areas. So Bangkok may be inexpensive for food or cleaning services but if you want a Ermenegildo Zegna suit or a Steinway & Sons Grand Piano or a Two-Michelin-starred restaurant then it will end up being relatively expensive vs other global cities. + +Make of it what you will, thought some here might be interested [in the report.](https://srv-file8.gofile.io/download/Nb6rWJ/global-wealth-and-lifestyle-report-2020.pdf) +I have written [before](https://www.reddit.com/r/financialindependence/comments/isbuxz/thoughts_on_reaching_an_unexpected_milestone/) on hitting different milestones. Due to the market doing its thing and me doing mine (high paying job) - I have hit more than four-times the number I wanted to hit when I made a FIRE plan six years ago. + +I am examining these days what I feel is a very complex relationship with money. It is understandable why we focus so much on money, not just in absolute but relative to one another - despite comparison being a thieving bastard! It is quantifiable, and we naturally gravitate to hierarchical ranking in objective terms (title, salary, net worth, bigger house, more followers, etc.). Our social conditioning, especially for people that grew up in harsher environments (like me in a developing part of the world), orients us to climb some objectively defined rungs of ladders. "Why climb the greasy pole?" - "Because it's there!". + +Objective things are zero-sum. Not everyone can be the richest person the planet, or live the longest, or have the biggest house...external determinants of self-worth will always run a relative deficit, and lead to expectations that outrun our reality. Happiness and satisfaction become fleeting. If we look inward and find subjective metrics of our well-being and then work on *those*, then we have a greater chance at finding sustained bliss. + +Bills still have to be paid however. Focusing on FIRE has been good in terms of getting us to a comfortable financial place (my better half would argue that I'm too paranoid). Once here, my goals are changing from calling it quits to being comfortable enough to be able to call it quits once either my work becomes unhealthy for me, or once I find enough hobbies/interests outside of it to call it a day. I have already begun reducing my workload (and OK with my compensation going down as a result - because I am already FI). + +My financial independence story can be summed as: heavy investment into my education (not talking college, but in general) and hard work >> greater income >> living modestly >> greater savings >> diversified investing with focus on reducing costs.... and that's about it. That's the uphill climb. Looking forward to the enjoyable *other* side of the mountain, which involves a lot more giving and sharing with others (money, time, life's experiences and lessons learned, etc.). +The French government is going to sell $34.5M worth of Bitcoin seized in 2019 + +Isn't it amazing to sell BTC when at the same time the French government says that Bitcoin is only used for criminal activities? + +Does the French government want to promote criminal activities? + +Total hypocrisy of governments as always. + +Bitcoin is dangerous if you listen to them, but if there is a way to make money out of it, then you should not hesitate. The most incredible thing is that this does not seem to shock anyone in the general public. +Source: https://techcrunch.com/2022/11/08/elon-musk-sells-19-5-million-tesla-shares-worth-almost-4-billion/ + +Tesla CEO Elon Musk is selling millions of Tesla shares again. The celebrity executive disposed of 19.5 million shares Tuesday, which is worth about $3.95 billion, according to three filings with the U.S. Securities and Exchange Commission. + +Musk did not take to Twitter to explain why he sold shares, but it’s possible the money will go towards his $44 billion deal to buy the social media platform, which went through last month. + +In April, Musk also sold around 9.6 million shares of Tesla stock, which at the time was worth $8.5 billion. Those shares were sold at around $885.42. Since then, Tesla has issued a three-for-one stock split, bringing the cost of each share down. + +Musk sold shares Tuesday at an average price of $202.56 each. + +Tesla is currently trading at $191.30 after hours. + +----------- + +$TSLA TESLA UPDATED INSIDER BUYING / SELLING OVER THE LAST YEAR + +Buy Transactions: 0 +Buy amount: 0 +Sell Transactions: 1455 +Sell amount: $35,974,783,779 + +Source: https://twitter.com/gurgavin/status/1590159021499379712 + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules. + +**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Flair Links + +[📚 Due Diligence](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Due+Diligence%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📚 Possible DD](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Possible+DD%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💡 Education](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%A1+Education%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) |[📈 Technical Analysis](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%88+Technical+Analysis%22&restrict_sr=on&include_over_18=on) | [🗣 Discussion / Question](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%97%A3+Discussion+%2F+Question%22&restrict_sr=on&include_over_18=on) | [🤔 Speculation / Opinion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%94+Speculation+%2F+Opinion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💻 Computershare](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%BB+Computershare%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📰 News](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B0+News%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🤡 Meme](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%A1+Meme%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [👽 Shitpost](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%91%BD+Shitpost%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📳 Social Media](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B3Social+Media%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [☁ Hype fluff](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%98%81+Hype%2F+Fluff%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [HODL 💎🙌](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22HODL+%F0%9F%92%8E%F0%9F%99%8C%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) + +You can also find the main flairs in the sidebar on New Reddit and under the "About" page on mobile. + +**Mod Flairs** + +[📣 Community Post](https://old.reddit.com/r/Superstonk/search/?q=flair%3A%22%F0%9F%93%A3+Community+Post%22&include_over_18=on&restrict_sr=on&t=all&sort=relevance) | [📆 Daily Discussion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%86+Daily+Discussion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🏆 AMA](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%8F%86+AMA%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🚨 Debunked](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%9A%A8+Debunked%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📖 Partial Debunk](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%96+Partial+Debunk%22&restrict_sr=on&include_over_18=on) | [🔔 Inconclusive](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%94%94+Inconclusive%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [⌚ Pending Review](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%8C%9A+Pending+Review%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🥴 Misleading Title](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A5%B4+Misleading+Title%22) + +**No CS/DRS Mode** + +[New Reddit Filter](https://www.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) | [Old Reddit/Mobile Filter](https://old.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) + +To filter out CS/DRS posts, click the links above or type `-flair_text:"💻 Computershare"` into the search bar. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +Reposted from [/u/Particular-Wedding](https://www.reddit.com/u/Particular-Wedding/) for more visibility. I reorganized it a bit and added some stuff. + +&#x200B; + +This proposal would change the AUM threshold that investment managers must meet every quarter from $100 million to $3.5 billion!   + +&#x200B; + +Over 90% of institutional investors would no longer have to disclose their holdings of penny stocks, this could lead to surprise massive sell-offs which would tank the price of the penny stock they invested in. + +Since an institutional investment can also pump the price if they buy into a penny stock, this would also prevent us from knowing what penny stocks the smart money likes. + +All of this also means our beloved sabby won't have to disclose his positions. /s + +[https://www.sec.gov/rules/proposed/2020/34-89290.pdf](https://www.sec.gov/rules/proposed/2020/34-89290.pdf) + +[https://www.sec.gov/rules/proposed.shtml?\_\_s=cvwgmhfkxsnsnrbvs6py](https://www.sec.gov/rules/proposed.shtml?__s=cvwgmhfkxsnsnrbvs6py) + +&#x200B; + +**Write in and tell the SEC “Hell No!” to these disclosure changes.** + +[https://www.sec.gov/rules/submitcomments.htm](https://www.sec.gov/rules/submitcomments.htm). Click on “Submit comments on S7-08-20”. + +[rule-comments@sec.gov](mailto:rule-comments@sec.gov). Include the file number S7-08-20 in the subject. + +&#x200B; + +Comments are already pouring into the SEC.  I am urging everyone to please post a comment on the proposal to the SEC site linked below.  Why should we care?  How are we impacted by this?  Below are some issues to raise.  Please mention them in your comments to the SEC and to your representative in Congress: Raising the reporting threshold to such a high number will reduce public companies' opportunity to know more about who their shareholders are. + +* The “justification” for the rule change is highly questionable. +* When is less transparency and less data ever a good thing for the small investor +* Some investors may want to avoid over-owned stocks, believing they have a high level of risk. This rule change greatly reduces individual investors ability to reduce their risk. +* In the event of a significant correction the number of reporting managers would be diminished even further.  The S&P suffered a 56.4% decline during the 2007-2009 financial crisis.  A similar event using the most recent quarter as an example, would have reduced the number of funds by another 31% at a time when such data is needed even more. + +&#x200B; + +One SEC commissioner, Allison Heren Lee, has already voiced her opposition to this proposal.  [https://www.sec.gov/news/public-statement/lee-13f-reporting-2020-07-10](https://www.sec.gov/news/public-statement/lee-13f-reporting-2020-07-10) The proposed rule change would be a loss for all of us - it would enable more corruption and opaqueness. + +&#x200B; + +To put it in perspective, for the most recent quarter, that would reduce the number of funds that disclosed their holdings to the public from 5,283 to 549 or almost 90% of all filers.  $2.3 trillion in investment holdings would no longer be disclosed to the public resulting in loss of transparency and valuable insight.  When Congress first adopted Section 13(f) it did so to “stimulate a higher degree of confidence among all investors in the integrity of \[the US\] securities markets.”  Taking this data away will have the opposite effect.  Transparency is what gives investors confidence in US markets. + +&#x200B; + +The SEC should be pushing for more disclosure and transparency and not rolling back existing rules. This can only hurt small traders/investors and provides little to no benefit or savings. +BRAND NEW TOKENOMICS + +100k Buys on ALL TIME HIGHS! + +In 36 hours: + +#1 Trending Since Launch on DEXTOOLS +23,000+ Holders +19,000+ Telegram Members +$75,000,000 Market Cap +4000 BNB Pre-Sale Sold Out in Under 10 Seconds +Listed on Coin Gecko in 2 Hours + +The same way SafeMoon popularized the redistribution to holders feature we see being used today by almost all defi tokens… EverRise has a chance to do the same with their proprietary automatic buyback feature and pave the way for other tokens to implement this feature… + +The way is works is a 6% transaction fee is stored in the contract and used to buyback coins through pancake automatically. The transaction is triggered after ever sell…. With this brilliant coding, you will never see 2 sells in a row! WOW + +Why should you invest in Everrise? + +EverRise token holders are not only benefited through static rewards but also by the Buy-Back process of the contract. As part of Buy-Back process, contract takes care of buying back some of the tokens and burn them whenever a sell happens. In a nutshell, 98% of the time, you will not see 2 sell transactions at any time and there will never be three sell transactions continuously at any time. + +&#x200B; + +This is a run never seen before. We got listed on Coingecko after just 4 hours and i'm sure the project sells for itself, just give a look to our whitepaper and you will understand what make this thing so unique. + +&#x200B; + +As always DYOR. + +&#x200B; + +Whitepaper: [https://www.everrisecoin.com/wp-content/uploads/2021/06/EverRise-Pitch-Deck-1.pdf](https://www.everrisecoin.com/wp-content/uploads/2021/06/EverRise-Pitch-Deck-1.pdf) + +Telegram: [https://t.me/everriseofficial](https://t.me/everriseofficial) + +Website: [https://www.everrisecoin.com/](https://www.everrisecoin.com/) +*Edit 1: Someone suggested I add that I'm fully in support of Book.* + +*There's a huge difference between "I'm planning to go on a trip" and "I've booked a trip for myself". Just saying.* + +*Edit 2: Just to make it clear, I am in no way pressuring anyone to convert their shares. You make your own choices. Found an excerpt of the ComputerShare AMA for further interpretation if you will:* + +&#x200B; + +>*Pink: ..And something else that you did clear up before but I want to reiterate here, is the difference between Book vs. Plan. There’s a lot of confusion online around this still… so, as you discussed in previous interviews, the Direct Stock purchase plan describes shares I buy thru Computershare that you keep in a separate sort of custodial type account. Which is different from ‘Book’ shares. Do I have that right?* +> +>*Paul:* ***Different from shares held in DRS form, that’s absolutely correct***\*. So shares that are held as DRS are recorded as “Common Shares” on the register of the company. So they are\* ***held in pure, legal form in the investor’s name***\*. Shares that are\* ***purchased through the \[Direct Stock Purchase\] plan are held in a subclass***\*. So they are reported to the issuer, just as if they were common shares, but the underlying shares are held in a nominee owned by Computershare. Those shares, however,\* ***can be moved between the plan and DRS anytime, electronically, free of charge***\*. The only reason we do this is purely for efficiency when we’re buying specific shares we need to deliver securities into the marketplace. So having them available in the nominee helps. So that’s the way it’s structured.\* +> +>*Pink: There’s confusion about “beneficial”- does that qualify as what they consider “beneficial” vs. “registered shares”. You’re saying that the Direct Stock Purchase Plan would be what’s considered a “beneficial” ownership situation..??* +> +>*Paul: You’re* ***recorded directly on the register of the issuer***\*. The\* ***issuer knows exactly who you are***\*, so you have that benefit. Technically the common shares are\* ***held by a Computershare entity***\*. We\* ***don’t hold 100% of the shares that way***\*, we just hold a number of shares so that we can perform effective clearing and settlement. But at any time investors can move their shares between the plan and pure DRS.\* + +*So here's your quick rundown on the difference. Shares in pure, legal form in your name, vs in your benefit held by another entity.* + +\----------- + +*65% DRS'ed with my balance in transfer. Only have Book shares as they're transferred from a broker.* + +&#x200B; + +Of late, there has been an ongoing debate on converting Plan shares to Book. It reminds me of when DRS was new to us. We were fighting the anti-DRS minions, and we now have over a quarter of the company registered under our names. The squeeze still hasn't squoze. + +Today, we fight the anti-Book minions, and their abilities include "It's the same, there's no difference" for 200 mana, and "I must keep them in Plan to own fractional shares" for 150 mana, and an ultimate ability "I'm too shy to call CS to change it" for 500 mana. + +So guys, if its the same and it **MIGHT** help the cause, why not switch to Book? Unless there's a million dollar fee I'm not aware of. If it ends up not being the case, what did we lose by converting our ~~already DRS'ed~~ (*Edit: Based on the ComputerShare AMA, DRS and DSPP are 2 different records. I stand by this edit*) shares from Plan to Book? We believe DRS is the silver bullet, the squeeze still hasn't squoze, but we are still DRS'ing. How bout we do the same for Plan>Book? + +We've already made the leap to DRS our shares, why won't we take another step? Are you not willing to try everything to be set for life? I'd like to see the 2.45am guy finally sleeping in until lunch time, an upwards trading chart for a change, and starfish guy finally being right. Have you guys lost hope? + +Think about the many people who have contributed to the community. The squeeze hasn't squoze. + +Now do your part. It's free. + +&#x200B; + +*Edit: Got a PM from a lurker (not posting username incase I break the rULeS)* + +*from <> sent 20 minutes ago* + +*Hi, I don't have enough karma to post, but I wanted to let the community know something. Maybe you're up for it.* + +*I was able to switch my plan shares to book by sending a message through the contact us portal, no need for a phone call, no after hours change and cancel, no concern of fractionals being sold in the future.* + +*I made sure I was logged in first, and had my account number (which can be found in full by downloading a pdf statement under documents - C00xxxxxxxx). Here is a collage of the steps:* [*https://imgur.io/a/la4AiEf*](https://imgur.io/a/la4AiEf) + +*Please feel free to post any or all of this info to any subs that you choose. Thanks!* +Hello r/CryptoCurrency, + +For your awareness, we have unfortunately had to ban accounts and discussion of CoinLedger (formerly cryptotax.tax) due to [astroturfing](https://en.wikipedia.org/wiki/Astroturfing). This violates [Rule 3 of our subreddit, No Manipulation](https://www.reddit.com/r/CryptoCurrency/wiki/expanded_rules#wiki_rule_3_-_manipulation) and we take this very seriously. This information was tracked down and compiled by a few mods and we would like to share some of it with you for transparency and education about online manipulation. + +You may have noticed that today there was a popular tax thread by stratguy56, who is just positively angry and bewildered about taxes in unspecified country! His confusion is notably contrasted by the fact that his entire history on reddit is talking about taxes and linking to articles on coinledger. His post even asks if coinledger is legit, to which their verified Director responds that they're not only legit but the best! Happily, OP edits into their original post that CoinLedger fixed all their problems. At no point does OP disclose that he is the [co-founder](https://www.reddit.com/r/sales/comments/jmzq3p/i_quit_my_6_figure_tech_sales_job_to_start_a/) of CoinLedger. + +https://preview.redd.it/sms3z5pdqgq91.png?width=1299&format=png&auto=webp&s=956616851c56119eef3e8bbdbfd1020ae0615a89 + +You would also find razor476 all over that comment section shilling CoinLedger, with no disclosure about the fact that they cofounded it. + +&#x200B; + +https://preview.redd.it/c5ldf405sgq91.png?width=859&format=png&auto=webp&s=a6cc300ee3782f46c833709842654900e6caadae + +To dive a little deeper into this behavior, here are some of their other accounts: + +* MilesBrooksTax - verified CoinLedger Director of Tax Strategy +* stratguy56 - CEO co-founder ([archive](https://archive.ph/H8jjL)) +* razor476 - Co-founder +* dudeson55 - dev +* theboyderoi +* ActualFirefighter211 +* ExcellentMain1 +* detgadget +* Educational-Link1456 +* repeters99 +* yayanippon +* Extension\_Spinach\_94 + +If you look through their history, you'll find that general pattern across much of crypto reddit. They'll ask beginner questions about tax, namedrop coinledger, and often answer each other. They pretend to be your average user who knows nothing about taxes and hates taxes (so relatable! where do I download?). I'm sure they really do hate taxes, but a crypto tax company certainly isn't ignorant of how taxes work. + +This unfortunate and deceptive advertising campaign has led to a ban of their accounts and discussions. Their verification and associated benefits are also revoked. We do not enjoy banning users or discussion, but we will not have our platform manipulated. It is our hope that they will participate fairly here after their ban and not escalate this to a permanent ban. + +Please keep an eye out for this type of behavior and report it to the mods if you see it. For some previous reports about manipulation, see the links below: + +* [Manipulation Report: The Helpful Network](https://www.reddit.com/r/CryptoCurrency/comments/tsiiqu/manipulation_report_the_helpful_network/) +* [Manipulation Report: The XMR Spam Attack](https://www.reddit.com/r/CryptoCurrency/comments/mjymxe/manipulation_report_the_xmr_spam_attack_424_known/) +* [Manipulation Report: The Fun Space Group](https://www.reddit.com/r/CryptoCurrency/comments/lke4he/manipulation_report_the_fun_space_group/) +* [Manipulation Report: Dream Network](https://www.reddit.com/r/CryptoCurrency/comments/d1qneb/crypto_reddit_manipulation_report_dream_network/) +The markets are definitely behaving in mysterious ways lately. It seems like we turn from bullish to bearish and vice versa on the daily. I find it a bit odd that the market is pumping on the news of a recession. + +Is Bitcoin and crypto proving it really is a hedge against the devaluing of the dollar, or is the fact it was only a 75bp hike until September that maybe caused the case for optimism? + +Do you guys believe in this pump or is it just temporary until another leg down? I personally am not sure so I’m just slowly DCAing into my favourite projects. + +Let me know your thoughts in the comments below. Have a great day everyone! +I'm a programmer in my mid 30's, married, no kids. 7 years professional experience. I've been at my current position for 4.5 years. + +I work for a small company in California and I make $28.50 an hour on a contract basis. No health ins, no paid vacation, no extras. Yes I know, that's crazy low, but bear with me! + +I only work 25-30 hours a week and I've been full remote the whole time. I am from the US but I currently live in a LCOL city in Europe. When I'm not working I enjoy my life ... I spend time with my wife, I volunteer, I spend time learning the local language, I go surfing whenever the waves are good, etc. + +I really enjoy my life and have no money stress at all. We try to be frugal but go out to eat whenever we want (1-2x/wk), buy the better bottle of wine sometimes (12€ instead of the usual 4€), go on cheap-ish local vacations (western Europe) when we feel like it, etc. + +I have a good boss, low stress work, and ... I LOVE my work. I've learned sooo much in the last 4 years and touched some really interesting technologies. + +Really the only negative about my work is the pay. I started out at $22. Raise to $25 after 1 year. Raise to $28.50 recently. I have no debt, an emergency fund of about $30,000, another $70,000 in the market in various places, and $55,000 in a retirement account, but I'm not actively putting much away for retirement. + +I see myself having to move back to California sometime in the next five years to help take care of aging parents and I know my current job will not support me there. I'm afraid if I make a switch to a different job now I will not be able to maintain the same lifestyle that I have (low hours, low stress, fun work) but I also want to be smart about the future. + +**Should I look for a new higher paying job now or just wait until the move back to a HCOL area is imminent and then start looking?** + +(PS: obviously I know this is a highly personal decision, but looking for any advice, especially from someone who has been in the same situation. Thanks!) + +--- + +**EDIT**: wow, this blew up way more than I thought. I had to step away for 2 hours and now I see there's 200 comments. I'm heading out for the night but I'll respond to the rest of the comments tomorrow. Thanks so much to everyone for the advice and personal experiences. It has given me a lot to think about. +In response to a complaint by BFL_Josh about how he can't quite wrap his head around why people are mad about the preorder situation I posted my imagining of a conversation between BFL and their customers. The post was civil, and broke none of the rules of the forum, but it was deleted nonetheless. Fortunately, I had copied it elsewhere already. Figured you all might get a chuckle out of it - apparently someone at BFL didn't find it amusing. + +BFL: "Hey guys, we're selling these rad miners! They'll be out in a few months, so order today!!" + +Customers: "Hooray for rad miners! Here, take my money!" + +BFL: "Thanks for the money! Hey, bt dubs, we were wrong; it's gonna be a few more months before we ship anything." + +Customers: "That's OK, stuff happens." + +BFL: "I'm glad you feel that way because it happened again; it'll be 2013 before you get your product." + +Customers: "Well that's kind of a raw deal, but we've waited this long, so I guess we'll stick it out." + +BFL:"Hey guys, I know this is a bummer, but you're gonna have to wait a little longer. You should have your stuff by April though!" + +Customers: "Seriously? Well as long as the difficulty doesn't spike I gues I could wait...." + +BFL: "Did I say April? I meant July. You'll have your miners in July." + +Customers: "Oh come on now, this is getting silly." + +BFL: "Did I say July? I meant August." + +Customers: "Well then why did you say July?" + +BFL: "I ACTUALLY meant September; sorry 'bout that." + +Customers: "You monster! Stop lying to me!!" + +BFL: "Did I say September I meant..." + +Customers: "SHUT UP JUST SHUT UP RIGHT NOW YOU FILTHY THIEF YOU STOLE MY MONEY!! SHIP MY PRODUCT OR GIVE ME A REFUND" + +BFL: "Refunds? Nah, that's not happening. All sales are final." + +Customers: "But you haven't sold us anything; you just took our money and then left us hanging for over a year! How do you sleep at night???" + +BFL: "On a really nice bed! Wanna buy our new product? It'll start shipping in a couple of months!" +The Dow is quoted everywhere: nightly news, this forum, cnn.com, NPR, wsj.com (not surprising since Dow Jones owns them). Please do yourself a favor and disregard anything you hear about it. The only value in the Dow is that it's widely quoted and is correlated to the larger stock market. But in that case, why not pay attention to the larger stock market indices like S&P 500 or Wilshire 5000? + +In short, the Dow Jones Industrial Average represents a small number of very large "industrial" companies in the US. It is price-weighted. That means regardless of actual size (market cap) of the companies, they are weighted based on stock price, an arbitrary result of the number of shares that company has issued (fewer shares = higher price stock). Side note: if Apple hadn't split it's shares 7:1 before joining the DJIA, it would have represented roughly 20% of the index (not a coincidence they split 11 months before replacing AT&T in the DJIA). + +Additionally, no one invests in DJIA index funds (this should be a pretty good indicator of its uselessness) but most people do invest in funds that focus on tracking the S&P 500's performance. So please, pay attention to the S&P 500 or another market-cap weighted large cap stock index to track the performance of that particular asset class in your portfolio. + + +Additional Info: +NPR Planet Money Podcast on the DJIA's futility: http://www.npr.org/sections/money/2013/03/12/174139347/episode-443-dont-believe-the-hype + + +Additional bullet points from Investopedia: + +DJIA: + + 1. 30 North American stocks picked by the Wall Street Journal + 2. Calculated through a method of simple mathematical averages + 3. Higher-priced stocks affect the average more than lower-priced ones. + +S&P 500: + + 1. 500 North American stocks picked by an S&P board + 2. A wider range of sector representation + 3. Calculated by giving weights to each stock according to their market value + 4. Regardless of stock price, a percentage change will be reflected the same on the index. + +Edit: My initial point was that the Dow is flawed and doesn't communicate what most people think. It represents the performance of a few stocks that sometimes correlate to the large cap stock market; it does not accurately represent the stock market as a whole, large caps stocks, or equity portfolio performance. There are indices that do actually communicate greater stock market performance, e.g., S&P 500 or Wilshire 5000. + +Given the market's recent volatility, the comments here are mostly ignoring my point and focusing on short-term decreases of retirement balances. To that point I will reiterate a comment I made below: "only look at your portfolio for scheduled [annual or semi-annual] rebalancing and reallocating. Trading already deposited (that is, excluding new funds) within a retirement account should only happen a couple times per year." That is, ignore the recent market fluctuations; retirement investment strategies are inherently created for the long term, so the short-term changes are irrelevant and you shouldn't pay any attention to it. Five letters: R-E-L-A-X +I am relatively new to investing (8months) and enjoy constantly learning all I can. I spend a lot of time driving and during this time like putting on informative podcasts in relation to investing. + +I am looking for investing podcast that focus very much on the intricacies of investing and explaining the different formulas/what to look for on the balance sheet etc.. are as opposed to podcasts which focus more on preferences and feel. + +I am also interested in podcasts which explain the economics of industries in depth and relate to modern news/complexities. + +Additionally, if the podcasts suggested are not on spotify what streaming services you recommend? + +Thanks in Advance, +TheAlmightyDonald +In less than 12 hours the Chinese markets open. For those unaware, they have been closed the last 2 days for holiday in China. Looks like approximately 9:30 am over there is the open, which puts us at about 9:30 pm EST. + +That's when the Evergarde shit will hit the fan. Multiple things could go down: + +1.) CCP announces a bailout for them. Unlikely currently, but NOBODY wants a repeat of 2008. + +2.) MASSIVE crypto pump today. Like all the big ones (ETH, BTC, etc) see gains of 4-5% or more. This could be indicative of a coming dump on Wednesday/Thursday. Beware of seeing pumps close to 9pm tonight (EST). + +2a.) ...But also, the dumpage yesterday could mean a massive rebuy of crypto that could be hiding assets of those that invested in Evergarde. It *could* be a good thing if we see prices in the green today. However, that boils down to money laundering, so if that IS the case, expect a response from the Fed on US soil in a week or 2 clamouring for regulations if this is the case. + +3.) The markets will be dumping hard. Stocks, bonds, and crypto to liquidate. It most definitely affects global markets just like the 08 crash did (though not as large). Expect to see drops on futures, and throughout Wednesday and Thursday. Friday might see some corrections from this. + +4.) Crypto is going to be liquidated first. Honest truth and a hard truth. It's intangible digital money. And even will all the evidence of "practical us", it can't be used for shit and smart economics says ditch it first. Think of how much you buy with actual cryptocurrency (not crypto you converted to cash) and realize this is mostly true.You get your cash assets out of it to bail yourself out of their junk bonds and bad margins. After that, liquidate stocks as well. Same shit. + +5.) There could be an impending downturn for major crypto. BTC sub $35k, ETH sub $2200. This shit scares everyone. + +6.) Maybe this is all wrong and the crash part happened yesterday and now it's green dildos for the rest of September. + +TL; DR: September still sucks for crypto. But I think we will bull run in October when this shit settles the fuck down. +I thought running (d)apps on a centralized shitcoin should be almost free, but turns out not only do you have to hold millions of dollars of EOS just for CPU usage, you have to buy RAM as well. I was shocked when I did the math: + +1 KB of RAM costs $4.44, so 32 bytes would cost you $0.14. Storing 32 bytes in Ethereum costs 20000 gas. So if gas price is less than 15 Gwei (it was 1 Gwei for a couple of weeks until the exchange incident), Ethereum is CHEAPER than the fucking coin that promised to be thousands of times more accessible than it. + +So, why did they sacrifice decentralization and raise $4 billion again? +My boss just told me I'm getting a 10% pay cut. + +Is this legal ? + +Is there anything I can do to prevent it ? + +Edit: They say they've been accidentally overpaying me for 3 years and now they're going to correct it starting in October + +I've asked HR for a meeting for more clarification but I haven't heard back yet. + +Edit: HR didn't know about it and they'll get back to me. + +EDIT: I worked out what's going in to my bank compared to my stated salary, [https://mozo.com.au/calculators/tax-calculator](https://mozo.com.au/calculators/tax-calculator) It turns out what was going into my bank was 10% more than what was on my pay slip. So I guess I don't have any argument. They said they won't charge me back-payments. I'll try and get it in writing. + +Thanks everyone for your help. +WKHS is having a good run today. Short interest is 61%, close to 100 % utilization + +Huge open interest on 6/25 15$ calls. WKHS is mentioned on WSB a lot today as well. +I understand risk management and not wanting to lose your money, and protecting your assets but lets be honest... the market has just been in a bull market the last 250 years. + +Pull up a chart of the S&P 500 and you pretty much can't lose money, even if you did buy the peak of 00' of 07', you still would have made 100%+ on your money. + +Why would anybody even want to consider anything but being long the stock market for the long term? + +This may be really dumb and stupid on my end but I'm trying to think about this critically and why the hell would anybody do anything but invest in a low-cost index fund? Nothing is certain... I get that, but its almost like you literally cant lose as long as your timeframe is greater than 5 years, which it is for most people. + +Even if you bought the peak, you would have been whole again within a 5-year timeframe. + +Thoughts? +I made the initial post on the loopring sub, but I figured a way to turn cash into crypto would be of general interest. this method does not completely avoid KYC, but I included the stealthiest way i found via bank, and you should be able to buy gift cards and use them on Ramp. + +\--- + +&#x200B; + +Initially I went down this rabbit hole because i saw a post regarding Mexican culture in the US being primarily cash based because Illegal immigrants can open bank accounts. I did some digging and may have figured out some workarounds vs. direct bank/card to loopring. + +I used Privacy.com linked to my bank account to mask the transaction from my bank successfully. I don't believe you can currently fund a privacy.com account with a gift card, but it may be possible. it looks like they are adding future payment options, that might be one of them. + +I do not fully understand the benefits of this, but ill be doing it. + +I currently have a ledger Hardwallet, and you could possibly DOX yourself by going directly going from bank to your ledger address. I don't know how ramps KYC works, but it may link that address to your verification. there's unforeseen implications. The stealthier method would be: fiat onramp to free counterfactual wallet/loopring wallet, send to hardwallet on L2. the low fees should make that step negligible. i also plan on my counterfactual wallet being my "dummy" wallet in case of wrench attacks. + +Ramp itself has a KYC, but it seems fairly low level. I'm not sure the tax implications, or how they operate with federals. if anyone could help me out let me know. but as far as i can tell, they would only have access to the data of the USD-ETH transfer at the moment of transfer. not any trades or gains made from trades. i haven't figured out an off-ramp yet, but lets say you transfer and sell on Coinbase, and theres no record of gains, how will it be taxed? real question. + +as far as turning cash into crypto... it looks like you can buy a visa gift card, and register it online with you mailing address. that mailing address becomes the billing address. you have to undergo the RAMP KYC, but you can use national documents, drivers license, and passports. and you should be good to go. + +one step further into stealth: UPS rents mailboxes that count as legal home addresses. \[redacted for illegal activities regarding fake IDs and mailboxes\] + +in the case of illegal immigrants turning USD into ETH and "becoming their own bank (since they cant register for a bank account), those immigrants could be able to use their home KYC data, USD gift cards from the states, and mailing address/ups box. + +Edit: I didn't try a gift card, but the fact that [privacy.com](https://privacy.com) cards work mean that it doesn't have to be a bank issued card. + +and for those implying i'm promoting illegal activities: this is merely a discussion for security and potential use cases of a new technology, and how it may disrupt current culture. +Please use this thread to have discussions which you don't feel warrant a new post to the sub. While the Rules for posting questions on the basics of personal finance/investing topics are relaxed a little bit here, the rules against memes/spam/self-promotion/excessive rudeness/politics still apply! + +Have a look at the [FAQ](https://www.reddit.com/r/financialindependence/wiki/faq) for this subreddit before posting to see if your question is frequently asked. + +Since this post does tend to get busy, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts. +Relatively straightforward but a useful learning tool for those that haven't seen one of these yet. + +\-A current holder of 1 share of GOOG will now have 20 shares, at 1/20 the price +\-This will take the price from GOOG from \~$2,750 to \~$138-The OCC (Options Clearing Corporation) will apply similar math to the existing options chains in a process called "Being Made Whole". Size will increase 20x basis will be divided by 20. +\-The OCC may either adjust the current chain or create a new one. Typically with regular splits, the chains will be adjusted for the existing holders, with no real impact. +\-**BE AWARE** for current option holders, as the adjustments are made, liquidity can be impacted. + + +So I am a college student and for the upcoming semester I plan on living in an apartment off campus. To live there I will be sharing a two bedroom with three other girls. That will cost me around 790 a month- rent plus utilities. The problem is I make 1200 a month and that's with working twenty hours a week. I don't want to work any more than that as it would interfere with my school work. I figured it would be cheaper to living on campus where I would have to pay 2 grand a month for a dorm and that's plus a meal plan I'm probably not gonna use. I'm also not gonna take out extra student loans so that's another reason why I'm not gonna live on campus. Tuition and fees is already 20k (my parents are paying half I'm using loans for the other half), but I'm thinking maybe I can take out less loans and use the money I'm making to contribute to tuition. + +How should I budget to do this? Should I find a cheaper place to stay? +I love my job right now, but I need to make more money. Between student loans, car payments, rent, etc. I can barely afford to eat some weeks. I haven't saved a dime in years. I started driving for Uber to make some additional income, but it just isn't cutting it. I have a strict budget that I stick to, but I'm still just scraping by. I know a lot of you are going to laugh at the sociology degree and respond with something like "what'd you expect," but I really need advice. What jobs should I be looking for with my experience? What can I do to cut costs more? + +Edit: Wow! A lot of really great responses on here. Thank you, everyone. A lot of what I'm seeing is people telling me to find a new job. I'm taking that to heart and I've started the job hunt. I'll keep you guys posted if I find something new. Thanks again! +I've been cooking for 10 years and have been wanting to get out of the industry. +I currently make $60k but am working 60-70 hours a week with a 45 min commute. The job would be a lot easier if we were fully staffed but I feel as if the company is being shady and purposely not filling positions. +(I keep getting different answers on what my Labor budget is and they won't actually show me my budget) I've only been here for 3 months but am pretty fed up with these hours and being given the run around from my boss. I have a new job offer as an entry level accountant making 45k a year and only a 25 min commute. I'm just nervous because this job seems kind of boring to me and it's a pay cut but the quality of life sounds a whole lot better and at max I would only be working 50 hours a week but realistically it would be around 45 and the job seems a lot less stressful. I am also $6000 in debt so I feel taking this job would be a bad idea considering my current finances but I don't want to give up my opportunity to try and switch industries I've been trying for years to get out and this is the first non food service company in 4 years willing to give me a shot. +Also I've been wanting to go back to school, this new job will give me the time to do that but not the pay, my current job gives me the money to go to school but no time. +There is a lot of play in this decision and am torn between the two jobs, any one have done input or advice? +My fiancee sends me rent every first of the month. It's an automatic payment through quickpay. Somehow her payment in March was sent to my phone number but it was registered to somebody else. What makes this odd is that my number was registered to me and I have proof of previous notifications that it was registered to me. + + +We filed a complaint three times with chase. Their customer service reps by phone were horrendous and didn't understand. They said it was our fault for incorrectly putting the number. I had to explain that I believe it is fraudulent because it is my phone number. That phone number was registered with me. Then unregistered and registered to someone else. We filed a federal complaint and also denied the claim. + +What is our option? +As the title says, I’m currently 18 years old with a few thousand in my TD Ameritrade account, I’m able to steadily put in ~$500 a month (most likely all of it into VOO). + +But I fail to see the point in doing all of this, wouldn’t I be better off putting it in a savings account like a Roth IRA? I’m not very interested in any “get rich quick” plans, just to be old and not worry about burdening anyone for money. + +Thanks for any and all advice. +Hey as you all know this is Ethtrader so... lets discuss strategy we all know that BAT has been listed on CBPro and there seems to be a fairly decent number of holders of BAT. We know BAT will be listed on regular Coinbase in the upcoming days and that BAT has upcoming news soon (hopefully). I wanted to gather some trading thoughts as the daily tends be ineffective way on discussing erc20 tokens. + +[View Poll](https://www.reddit.com/poll/9v1agy) +As evidenced by multiple posts being voted up to the top, there is a strong will from this community to have a block reward reduction in Muir Glacier along with the delaying of the ice age. + +All delays to date have come with a reduction and there is no good reason why this status quo should be changed. + +As I pointed out in a previous post, we are currently overpaying for security. + +[https://www.reddit.com/r/ethereum/comments/e4mhtj/comment/f9d811n](https://www.reddit.com/r/ethereum/comments/e4mhtj/comment/f9d811n) + +Today we already pay a higher reward than bitcoin, and Bitcoin will have a block reward reduction in May, which will reduce their yearly inflation to 1.6%. If we do not reduce the ETH block reward we will be paying 4.6%. + +The fact that we are now at 2 ETH also shows this number was merely just a 'guess' as it is a round number not based on extensive optimization metrics or formulae. There is no reason why '2' ETH should have been assumed to be optimal then, or that it is now. + +It seems likely that a number between 1 and 2 is more efficient. Perhaps the optimal number is 1.72368421. + +The fact is, nobody has done up-to-date, extensive analysis on current economic situation, and there is no reason to state anything less than '2' is unsafe without sound reasoning and actual data. Leaving the reward at '2' is just as incorrect as setting it to any other number. A detailed analysis should be done to determine how low the reward can be safely set. + +I will be working on this in the coming days and will post my findings here, and i encourage others in the community to do the same. +As someone who is looking into saving seriously for the first time (I’m early 30s), I was curious as to how much people on a similar salary were able to save. + +I’m looking to save £250 p/m on a 27.5k salary. + +Does that sound realistic? +Dear Unit Holders, + +It has been a few weeks now since we converted the PetaMine to 1 GH per unit and 100% daily dividend payouts. +We want to use this update to provide more transparency. + +Daily dividend payouts are based on mining revenue of the last 24h (including altcoins like NMC/DVC/IXC). The differences in daily dividends have its origin in the variance in finding blocks for those last 24h. + +The daily dividend consists of the mining revenue of the last 24h minus the hosting fee. The hosting fee totals 0.0049315$ per GH per day or 0.15$/GH per month to cover electricity, maintenance and repairs, hosting facility. Hosting costs are converted to BTC using the days BTC/USD ratio. + +End June we decided, after passing a vote, to switch to p2pool because of the risk of ghash.io reaching 51% of the network. In the meantime this risk has disappeared with ghash.io having a marketshare of 27%. Besides that, the Bitfury systems are not compatible with p2pool and the variance on the daily payouts would be enormous. + +Some people requested if additional hardware will be deployed. In the short term, we do not foresee to add additional hardware, as this would require the availability of new reinvestment funds or launching a new IPO. The results of the last vote was clear that people rather choose their own reinvestment level by purchasing additional 1GH/s units available at market value. + +As always we will keep monitoring the Bitcoin ecosystem/mining environment closely. + + +Team CryptX + +I'm about to buy an engagement ring and I'm getting really hung up on how much to spend. A coworker told me 3 months salary, but that seems grossly inappropriate, I make good money (mid-six figures), my lifestyle however is fairly modest compared to income. At work everyone is making similar salaries so I don't want her to have the smallest ring at work related events, but we don't live in a really affluent area and I'm concerned that a big ring would be inviting trouble. + +She and I have discussed this and we haven't been able to come to an agreement. Thoughts? +I know that the most common answer is probably “just save/invest all the new cash”, but I’m just looking for guidelines on when it’s not always the case. + +My girlfriend and I are house shopping (currently renting for $1400 a month). Up until recently I’ve had between $1,000-1,500 left over at the end of the month after all bills. +We want our total monthly payment for a house to be <= our current rent. + +I recently got a ~40% raise at work, and would be able to save/invest all of that extra money (it’s about $1k extra take-home a month) if the expenses stayed the same. But at the same time, the houses that would have a maybe $100-200 higher mortgage are **much** nicer (e.g. we’re currently looking at houses in the $200-250k range, but the amount of good looking houses increases by a lot when we move than upper limit to like $275-280k). + +At what point this increase in allowed budget becomes lifestyle creep? What’s a “normal” increase in spending vs raises etc? I can provide more info if needed. + +**EDIT:** + +- Combined income was $105k, now it’s $135k +- Total debt is around $35k, ($20k total left on 2 cars, $15k in student loans). +- We both contribute to 401k up to the max company match. +- After house down payment we’ll have a good emergency fund left, and I’ll have some money in a (taxed) Fidelity brokerage +I see posts saying stuff like cancelling Netflix isn't going to help you, or not ordering that $5 coffee isn't going to help you, but it can. + +Saving $10/month on Netflix is $120/year + +$5 a day for coffee every weekday is 100 a month, or $1200 a year. + +**Of course, it's no good to just live life without any enjoyment. I'm not saying to not get Netflix or not to get that coffee. But sometimes you have to consider what's important at the moment**. + +A lot of poor people already understand this. But I'll still see comments being like saving and keeping track of what you spend can't and won't help you. But it can. + +**Again, I'm not saying to not get the things you enjoy, it's a dull world if you're only ever responsible with your money. But sometimes you do need to consider what's more important at the moment. For instance, I have Netflix, but there were months when I had to cancel it because other things were more important at that time.** + +I saved up spare change for a year or close to a year. I ended up getting $52 back from the bank when I exchanged it. Which might not seem like a lot, but hey, $52 is $52, not a crazy amount of money, but still, something there. To help with groceries, putting gas in the tank, eating out or doing something fun with it. +I had a crown put in five years ago, and now my dentist is threatening to send my unpaid bill to a collections agency. + +&#x200B; + +The dentist said my insurance denied the claim - all five times they submitted it including one appeal. My insurance provider says the dentist never sent x-rays with the first four attempts. Then their last attempt at the claim, they sent Xrays of what looked to be post-treatment Xrays. Again it was denied since the xray didn't show a need for the treatment. + +&#x200B; + +In any event, the dentist wants $800 from me. Am I responsible for this? It sounds to me like the dentist either sold me a bag of goods, or f'd up the xrays. + +&#x200B; + +Thanks! + +Mark +Thank you for contacting. + +Swedbank keeps securities with custodians or in the register (except in the Estonian securities register) in securities accounts opened on behalf of the bank for the joint storage of securities (e.g. representative account, customer account). Therefore, DRS transfer is not possible through us, and SSI (standard settlement instructions) data must be used for the transfer of foreign securities. + +According to our information, Computershare does not support SSI transfer, and if you want to transfer your share(s) there, you should use the help of an intermediate broker (eg Interactive Brokers, etc.). In other words, first transfer the SSI data to the intermediate broker's account, and then transfer the DRS to Computershare. I draw your attention to the fact that in order to transfer securities, you must have accounts with all parties. It may also not be profitable for you, as transfers are accompanied by service fees, which significantly increase the purchase price of the share. In some cases, it is easier, faster and more profitable to sell shares in one system and repurchase them in another system. + + +I gonna start DRS. Fukitol. +no fucking way this plays.. + +[https://www.barchart.com/options/unusual-activity/stocks?orderBy=volumeOpenInterestRatio&orderDir=desc](https://www.barchart.com/options/unusual-activity/stocks?orderBy=volumeOpenInterestRatio&orderDir=desc) +Self admitted dumb ass here. So on 16 Oct I bought $20K of $PTON and $20K of $NIO (buy high sell low, amirite?). + +Both have pretty much shit the bed as soon as I bought. + +Do I sell for about a $2800 loss and go learn how to trade or do one or both of them have some near term upside so I hold a bit longer and go learn how to trade? + +New and humorous ways to tell me I’m a dumb ass are always welcome. +Please use this thread to have discussions which you don't feel warrant a new post to the sub. While the Rules for posting questions on the basics of personal finance/investing topics are relaxed a little bit here, the rules against memes/spam/self-promotion/excessive rudeness/politics still apply! + +Have a look at the [FAQ](https://www.reddit.com/r/financialindependence/wiki/faq) for this subreddit before posting to see if your question is frequently asked. + +Since this post does tend to get busy, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts. +[https://www.bloomberg.com/news/articles/2020-04-25/icahn-says-stocks-are-overvalued-virus-may-cause-downdrafts](https://www.bloomberg.com/news/articles/2020-04-25/icahn-says-stocks-are-overvalued-virus-may-cause-downdrafts) + +&#x200B; + +* Billionaire doubts economy can be turned on ‘like a spigot’ +* He’s hoarding cash and keeping a big bet against real estate +* talks about about tech companies specifically being overvalued +* said he has a hedge against the S&P500 (puts?) +*Hey everyone! I'm actually trying to write more posts that are hopefully informative and helpful. Message me if there's a specific topic you want me to cover! Also, let me know if what I'm writing about is wrong in any way.* + +# Intro + +Alright so the wheel is a strategy r/options talks a lot about, where you sell puts until you get assigned on a stock, and then, you sell calls against the stock. This is how a lot of newer traders learn about CSPs and covered calls. + +What drives me up the wall are questions about which strategy is "better", not understanding that covered calls and cash-secured puts are essentially the same in terms of PnL. + +# Put-Call Parity + +Put-call parity is a concept that prices options (of the same strike) in relation to each other such that there is no arbitrage possibility. This is because you can replicate calls with puts and stock, and the other way round. + +For example, how do you replicate the PnL of an at the money long put? + +For each dollar the stock price falls, the put is worth $100 at expiration. + +We can replicate this by shorting 100 shares of stock; for every dollar that the stock price falls, we'll make $100 too. However, the put becomes worthless as the stock price rises, but the short stock will keep losing money. Therefore, we buy an ATM call. This strategy is called a "synthetic put" + +We can see that in both cases, the put and the synthetic put will have the same payoff; $100 for every dollar the stock falls, or $0 if the stock rises from now until expiration. + +[You can read more about put-call parity in the r/options FAQ.](https://www.reddit.com/r/options/wiki/faq) + +# How This Applies to the Wheel + +If you short stock and buy a call, that's a synthetic put. If you do the opposite (buy stock and short a call), that's a synthetic short put. + +By now you should realize that when you've been assigned on your puts and you sell OTM calls, it is essentially the same as selling an ITM put. The only practical difference between the 2 strategies is margin utilization and the fact that traders typically sell CSPs at a strike lower than the current stock price while selling covered calls above the current stock price. + +***You should only wheel stocks that you think will have low volatility compared to IV (since you're short gamma), you think IV will fall (you're short vega), and you're bullish on (since you're long delta).*** + +You should also be aware that covered calls and CSPs have the same risks, which include the risk of missing out on gains when the stock shoots upward (in which case you'll have your premium and a few tears), or if the stock makes a large move downwards (in which case you'll be bag holding 100 shares of stock). + +Happy trading, and please don't use covered calls to diversify your CSP portfolio. + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules. + +**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Flair Links + +[📚 Due Diligence](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Due+Diligence%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📚 Possible DD](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Possible+DD%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💡 Education](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%A1+Education%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) |[📈 Technical Analysis](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%88+Technical+Analysis%22&restrict_sr=on&include_over_18=on) | [🗣 Discussion / Question](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%97%A3+Discussion+%2F+Question%22&restrict_sr=on&include_over_18=on) | [🤔 Speculation / Opinion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%94+Speculation+%2F+Opinion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💻 Computershare](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%BB+Computershare%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📰 News](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B0+News%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🤡 Meme](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%A1+Meme%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [👽 Shitpost](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%91%BD+Shitpost%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📳 Social Media](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B3Social+Media%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [☁ Hype fluff](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%98%81+Hype%2F+Fluff%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [HODL 💎🙌](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22HODL+%F0%9F%92%8E%F0%9F%99%8C%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) + +You can also find the main flairs in the sidebar on New Reddit and under the "About" page on mobile. + +**Mod Flairs** + +[📣 Community Post](https://old.reddit.com/r/Superstonk/search/?q=flair%3A%22%F0%9F%93%A3+Community+Post%22&include_over_18=on&restrict_sr=on&t=all&sort=relevance) | [📆 Daily Discussion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%86+Daily+Discussion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🏆 AMA](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%8F%86+AMA%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🚨 Debunked](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%9A%A8+Debunked%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📖 Partial Debunk](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%96+Partial+Debunk%22&restrict_sr=on&include_over_18=on) | [🔔 Inconclusive](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%94%94+Inconclusive%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [⌚ Pending Review](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%8C%9A+Pending+Review%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🥴 Misleading Title](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A5%B4+Misleading+Title%22) + +**No CS/DRS Mode** + +[New Reddit Filter](https://www.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) | [Old Reddit/Mobile Filter](https://old.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) + +To filter out CS/DRS posts, click the links above or type `-flair_text:"💻 Computershare"` into the search bar. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules. + +**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Flair Links + +[📚 Due Diligence](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Due+Diligence%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📚 Possible DD](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Possible+DD%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💡 Education](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%A1+Education%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) |[📈 Technical Analysis](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%88+Technical+Analysis%22&restrict_sr=on&include_over_18=on) | [🗣 Discussion / Question](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%97%A3+Discussion+%2F+Question%22&restrict_sr=on&include_over_18=on) | [🤔 Speculation / Opinion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%94+Speculation+%2F+Opinion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💻 Computershare](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%BB+Computershare%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📰 News](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B0+News%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🤡 Meme](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%A1+Meme%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [👽 Shitpost](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%91%BD+Shitpost%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📳 Social Media](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B3Social+Media%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [☁ Hype fluff](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%98%81+Hype%2F+Fluff%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [HODL 💎🙌](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22HODL+%F0%9F%92%8E%F0%9F%99%8C%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) + +You can also find the main flairs in the sidebar on New Reddit and under the "About" page on mobile. + +**Mod Flairs** + +[📣 Community Post](https://old.reddit.com/r/Superstonk/search/?q=flair%3A%22%F0%9F%93%A3+Community+Post%22&include_over_18=on&restrict_sr=on&t=all&sort=relevance) | [📆 Daily Discussion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%86+Daily+Discussion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🏆 AMA](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%8F%86+AMA%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🚨 Debunked](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%9A%A8+Debunked%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📖 Partial Debunk](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%96+Partial+Debunk%22&restrict_sr=on&include_over_18=on) | [🔔 Inconclusive](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%94%94+Inconclusive%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [⌚ Pending Review](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%8C%9A+Pending+Review%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🥴 Misleading Title](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A5%B4+Misleading+Title%22) + +**No CS/DRS Mode** + +[New Reddit Filter](https://www.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) | [Old Reddit/Mobile Filter](https://old.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) + +To filter out CS/DRS posts, click the links above or type `-flair_text:"💻 Computershare"` into the search bar. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules. + +**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Flair Links + +[📚 Due Diligence](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Due+Diligence%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📚 Possible DD](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Possible+DD%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💡 Education](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%A1+Education%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) |[📈 Technical Analysis](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%88+Technical+Analysis%22&restrict_sr=on&include_over_18=on) | [🗣 Discussion / Question](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%97%A3+Discussion+%2F+Question%22&restrict_sr=on&include_over_18=on) | [🤔 Speculation / Opinion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%94+Speculation+%2F+Opinion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💻 Computershare](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%BB+Computershare%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📰 News](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B0+News%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🤡 Meme](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%A1+Meme%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [👽 Shitpost](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%91%BD+Shitpost%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📳 Social Media](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B3Social+Media%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [☁ Hype fluff](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%98%81+Hype%2F+Fluff%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [HODL 💎🙌](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22HODL+%F0%9F%92%8E%F0%9F%99%8C%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) + +You can also find the main flairs in the sidebar on New Reddit and under the "About" page on mobile. + +**Mod Flairs** + +[📣 Community Post](https://old.reddit.com/r/Superstonk/search/?q=flair%3A%22%F0%9F%93%A3+Community+Post%22&include_over_18=on&restrict_sr=on&t=all&sort=relevance) | [📆 Daily Discussion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%86+Daily+Discussion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🏆 AMA](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%8F%86+AMA%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🚨 Debunked](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%9A%A8+Debunked%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📖 Partial Debunk](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%96+Partial+Debunk%22&restrict_sr=on&include_over_18=on) | [🔔 Inconclusive](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%94%94+Inconclusive%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [⌚ Pending Review](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%8C%9A+Pending+Review%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🥴 Misleading Title](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A5%B4+Misleading+Title%22) + +**No CS/DRS Mode** + +[New Reddit Filter](https://www.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) | [Old Reddit/Mobile Filter](https://old.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) + +To filter out CS/DRS posts, click the links above or type `-flair_text:"💻 Computershare"` into the search bar. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +It would be a shame for all that money to be gone forever because you were the only person who had the keys. For the blokes like me, you have a wife who sits on the peripheral not really knowing what the go is. +All I see from this sub are shit chucking apes who are posting “can eth get to 10K, can btc get to 100k” and with dumbasses replying with stupid answers. God forbid you be a little realistic and get downvoted to hell. I guess you won’t succeed much investing in crypto with that mindset. On that note, I would like to end with a have a nice day and go fk yourself, especially those idiots out of touch with the reality. Btc will NOT go to 100k this year, and eth will sure as shit not go to 10k this year, so eat a bag of dicks with that misinformation + +Edit: I was right, it didn’t even reach 5k. All you shit chucking apes can go fuck yourselves, you small pp having dumb dog-cunt bastards of mallard duck shite. Suck a dick and fuck your mom too. Shove this hopium up where it don’t shine and stay in your moma basement with this bullshit thinking. And I hope your dog dies too , fuck you 🖕🏼 +Article here: [https://www.cnbc.com/2020/02/11/household-debt-jumps-the-most-in-12-years-federal-reserve-report-says.html](https://www.cnbc.com/2020/02/11/household-debt-jumps-the-most-in-12-years-federal-reserve-report-says.html) + +In my opinion, the headline is misleading. While total debt is up and that is a metric worth keeping an eye on, "the level of household debt service as a percentage of disposable personal income is at [all-time lows going back to 1980](https://fred.stlouisfed.org/series/TDSP). " + +So we have more total debt, but as a % of household income, debt loads seem low. Of course, servicing could be low in part because of low interest rates, which can turn around fast. +I want to know what you think is an amazing company but has terrible management that is preventing them to have sustainable/consistent growth? I can think of one company of top of my head and that's Activision Blizzard. They have some amazing IP's like StarCraft and Warcraft but the with recent events they are gonna struggle for a bit and their CEO is okay. + +What about you guys, what do you think is an amazing company that has terrible management. +I work in one of the Big4 professional services firm (consulting area) where we seem to be actively encouraged to live a lavish lifestyle. +Partners flaunt their wealth by driving luxury cars and casually mentioning their holiday houses or daughter's horses. The overall culture is very materialistic, where fine food, clothes and accessories are touted as the richly deserved rewards of extreme work ethic (regularly working to 11pm every weekday). Networking within the firm is also considered very important and so we hang out in trendy bars or restaurants after work. + +Does anyone else work in professional services in a client facing role? How do you reconcile the need to maintain a professional attitude and persona (I personally believe that a professional appearance is very important to make sure that the value of our actual services is not undermined by our appearance) while still maintaining a FIRE lifestyle/outlook? Do you have a 'career budget' or something similar which can be used for networking dinners etc? +Just trying to pick everyones minds on pre IPO investments. The do, the do nots etc. +I'm more liquid than I have ever been in the pasted, but the knowledge/lack of experience seems to be what's holding me back atm. +Perhaps some investments you all are looking into, or evens some that you wished you did in the past? Maybe also why you haven't looked into them. +All in all just looking to grab some knowledge from you all. Thanks +Not quite sure if this is off topic, sorry if it is. + +I was with my ex for 4 years. We had issues from the beginning, but I had low self confidence and this was my first relationship, so I put up with things for way longer than I should have. + +I'm decent at budgeting and saving money; the same cannot be said of my ex. Over the course of those 4 years, we racked up several debts, missed payments left and right, and co-signed for each other's cars. + +We lived together for almost the whole 4 years. But last summer was when things went downhill fast. My ex was the one taking care of bills, but one month the cable, car insurance, and rent all went unpaid. + +I was furious. My ex had actually moved out at this point (and was lying about wanting to come back) so we were communicating solely via text. I hounded them constantly about repaying the money, but in the end it was me that had to work my ass off and go hungry so things got paid. The last time I mentioned that I thought my ex should pay me back for all the money they stole, I got berated and told that "I should watch what I say, because I own you." + +I didn't speak with my ex for 3 months after that. Eventually they texted me and apologized, but I was over it all. They weren't going to change, and I was done trying. The last I heard, they'd gotten married and moved from the east coast to Nevada. + +I got on with my life. I got everything I could in my own name and started saving. I moved back in with my parents and saved even more. I paid off a creditor last month and set up a payment plan for my student loans. I'm doing alright now. + +The one thing that still has my ex's name attached is my car (and my name to their car). The car is still owned by the bank, which to my understanding means I can't get my ex's name off of it. But all of a sudden, my ex is missing payments. Three since February, to be exact. My credit has taken a serious dive. I'm pissed off, because now all of my hard work over the past 6 months is going to shit. + +I'm not sure what the point of this post is. I mostly just wanted to vent, but any advice anyone is willing to offer would certainly be appreciated. Ultimately, I'm going to have to text my ex, which I've avoided up to now. You know that sensation you get in your stomach just as you go over the first drop on a roller coaster? I used to get the same feeling when my text alert when off because, chances were, I was getting gaslighted, accused of cheating, or blamed for something I didn't do. I'm stronger now than I was, but the thought of having to possibly go through that again is keeping me from dealing with this issue. + + +Edit: Thank you everyone that replied and offered advice and/or support. I'm honestly not sure what my best option is, but at least now I have options at all. I contacted my ex's mother in the hopes that she might be able to get through to them, and I'm looking into the details of the loan to figure out a game plan from there. I really appreciate how helpful everyone here is! + + +TL/DR – Mass emailed, it was a cover-up to hide changes to my PayPal account. Could have lost tens of thousands of dollars. + +This will be a fairly long story, but it relates to a scam I’ve never seen mentioned on here. A few months ago I had just finished my work at around 10 am when my phone notifications blew up. I looked and it said that I had approximately 100 new emails. This was certainly out of the ordinary. I immediately opened my email to check, and by the time I got in there, there were about 200 new emails. Over the course of the next few minutes, approximately 400 emails had poured into my inbox. + +All of these emails seemed to be introduction emails to some sort of service or product – but all different. Never the same one twice. They were all mostly “Thanks for signing up for BLANK.” This would be the kind of email you get when you want to receive more information about a product or subscribe to an email list. None of the names were correct, and they were varied. Sometimes it would congratulate “Steve” for signing up for something, other times “Robert.” There or approximately 50 different names. At first, I simply thought that my email had gotten on to some list that blasted emails to various services hoping I would sign up for one. However, something really didn't seem right. + +I decided I needed to go through my entire inbox and look for anything that seemed out of the ordinary. Since all these emails were not really legitimate, I started looking for anything that DID seem legit. Low and behold, about halfway through, I spotted an email from PayPal. I clicked on it, and it was indeed an email from PayPal letting me know that an authorized user had been added to my account. I hadn't logged into my PayPal that day (though I do use PayPal regularly for invoicing clients), so I knew this was not a change I made. + +I immediately logged into PayPal, half expecting not to be able to log in at all. However, it did let me log in, but I could not see any suspicious purchases at all. I found the “Manage Users” section of my account and did see one authorized user. Here is the thing, the authorized user did not look suspicious. It was my name. Actually, it was my middle name, which is the name that I use for my PayPal business account. My PayPal is under my first name, but my clients see my middle name. I almost closed out thinking nothing was wrong, but something still didn't seem right. I hadn't added any authorized users. + +The details are a bit fuzzy here because this was a few months ago, but from what I remember, the phone number for the authorized user was not mine. While they used my name, they had their number. Maybe it wasn’t their number, but I still knew I hadn’t made any changes. I immediately called PayPal and got through to customer service. They immediately agreed to put me through to their security team because they thought something was suspicious as well. The PayPal security team said that an IP address from somewhere in another part of the country logged into my account and just added an authorized user. While on the phone, the PayPal security team told me to delete the authorized user, change my password, and recommended enabling two-factor authentication. + +From the moment I got all of the emails to the moment I was on the phone with PayPal security, the time frame was only 15 minutes. I think the scammer was going to play the long game on me, but because I took the time to look through all the emails and notice something was wrong, they never had the chance. My PayPal account balance hovers around $200 at any given moment, but it handles tens of thousands of dollars of transfers per month for my business. I always transfer this to my bank account quickly because…because PayPal. Had I not noticed something amiss, they could have waited until one of my larger invoices came through and drained me of my money. + +Long story short, if you get blasted with hundreds of emails at once, look through every single one of them to see if something seems legitimate. All of those emails are probably a cover-up for something related to your finances. +...Has got to be the relative positivity... someone's doing great on their personal worth? The thread is full of envy- and a positive 'good on ya, but damn ya for getting there before me! *wink*' vibe for most of it... + +If I had to attribute it to anything, I'd think it might be the long-term focus.. and how we're all shooting to do something more than paycheck to paycheck... stability breeds civility, as it were... + +Take it for what you will, I'm new here and just wanted to comment about my favorite thing in this subreddit so far. +We’re considering a beachfront vacation home, somewhere warmer than SF Bay (top candidates: Manhattan Beach, Del Mar, or near the Diamond Head on Oahu). Normally, I’d be in the rent rather than own mindset but supply of rentals meeting our requirements is extremely low. + +One unknown is the potential effects of beach erosion, which has been written about for Hawaii and CA (e.g. https://www.latimes.com/projects/la-me-sea-level-rise-california-coast/ and https://www.cbsnews.com/news/hawaii-beaches-sea-level-rise-40-percent-2050/). + +Real estate agents are quick to downplay these articles, but I’m not so sure. + +Anyone with a beachfront home, what has your experience been and do you have a strategy for hedging against sea level rise? +Any tips or tricks on managing a real estate portfolio remotely in semi-retirement? + +I took the extra cash flow every year from my medical device business and used that to slowly accumulate a real estate portfolio over 20+ years. I sold the medical device company last year and have most of the cash invested in index funds and cash and will redeploy into more real estate if/when the buying opportunities are more attractive. The portfolio includes 290 apartments and 30 commercial tenants. No partners. It will potentially double once the sale proceeds are fully realized (there’s an earnout portion) and redeployed into real estate. + +I love the cash flow and I’m not ready to totally stop working but I want to make the real estate business as passive as possible so I can travel more and spend time at my vacation home at the beach and dating and enjoying life. + +Here’s what I’ve done so far to make work feel more like retirement (not all recent): +-implemented cloud based property management software so I can keep tabs on operations and financials from anywhere -hired full time cfo -hired full time head of maintenance and two hourly maintenance people and the rest is contracted out -one contract for landscaping and snow removal for all properties - one plumbing company - one electrician etc - full time (commission only) leasing person. + +I will still manage financing decisions and any acquisitions if/when they present themselves. I still sign all checks which are sent to me (wherever I am) by FedEx twice a month. + +Is anyone else doing something similar? Any suggestions on my plan? +If the infrastructure bill is passed, it'll go to the House - who are significantly more pro-crypto than the Senate. *Any* crypto provisions passed won't be active until 2023 at the **earliest**. + +There's plenty of time to fight and overturn this if necessary - whether in Congress or in the courts. + +For now, **call your senators.** + +But also remember: + +1. We will not fall off a cliff tomorrow. + +2. Innovation always outpaces regulation. + +3. Crypto is inevitable. +Do you look which job pays the most? Or do you want a job with a reasonable work life balance? + +And how have your priorities changed as you’ve progressed throughout your career? +This also occurred in NZ, at a similar time. There was also a rise in foreign speculators in both countries. + + +Did Australia loosen lending, especially to foreigners? + + +What caused the property price rise and the subsequent slide slump around 2017? +Due to the insane used car market I'm seriously considering selling my car, mostly for financial reasons. I've moved to the inner west of Sydney this year and expect to be here for at least a few more years, so I don't see myself as needing a car very much for now. Currently I think I can sell my 2015 Honda Jazz for around 16k when I bought it for 12k in 2019, so it's very tempting for me to do so + +I've seen the car share service goget and could see that as being a great alternative instead of having to pay all the costs of owning one. + +Any tips/advice for this? +Quick question if anyone has had experience with Wealthfront or similar Cash Sweep programs. They are offering one of the most competitive high interest APYs at 2.57%, no lock in period. + +&#x200B; + +However they are not directly a bank and the FDIC coverage they advertise as 1 million is due to them using a mix of unaffiliated banks to store the cash, which provides $250K in coverage per bank, per individual account holder. + +&#x200B; + +What would happen if they went out of business or were unable to withdraw the money? Does their SIPC coverage act as a fallback if somehow the money was not properly swept into the FDIC bank accounts? + +&#x200B; + +[https://www.wealthfront.com/cash](https://www.wealthfront.com/cash) + +&#x200B; + +Thanks for any advice you can offer here. + With Q2 GDP data being announced this Thursday on July 28th, Pelosi's boss and gang have already began defending the presumably negative number we’ll see. + +On the heels of a negative Q1 GDP of -1.6%, some of the most recent Q2 forecasts are pointing to barely positive Q2 GDP, or possibly (most likely) negative: + +[**Goldman Sachs:**](https://www.cnbc.com/2022/07/07/goldman-slashes-gdp-forecast-for-the-second-quarter-to-just-barely-above-water.html#:~:text=Goldman%20slashes%20GDP%20forecast%20for%20the%20second%20quarter%20to%20just%20barely%20above%20water,-Published%20Thu%2C%20Jul&text=Goldman%20sliced%20its%20second%2Dquarter,a%20whisker%20of%20a%20recession) \+0.7% + +[**The Conference Board:**](https://www.conference-board.org/research/us-forecast#:~:text=While%20we%20do%20not%20believe,indicators%20in%20May%20and%20June.) \+0.8% + +[**Federal Reserve Bank of Atlanta:**](https://www.atlantafed.org/-/media/documents/cqer/researchcq/gdpnow/RealGDPTrackingSlides.pdf) \-1.6% + +&#x200B; + +Now this is where it gets saucy. As some of you less retarded people might already know, the criteria of a recession is generally acknowledged as the occurrence of 2 consecutive quarters with negative GDP. I’ve included some examples, rather than pull this claim out of my loose ass: + +[**Investopedia:**](https://www.investopedia.com/terms/r/recession.asp) *“The working definition of a recession is two consecutive quarters of negative economic growth as measured by a country's gross domestic product (GDP), although the National Bureau of Economic Research (NBER) does not necessarily need to see this occur to call a recession, and uses more frequently reported monthly data to make its decision, so quarterly declines in GDP do not always align with the decision to declare a recession.”* + +[**Forbes:**](https://www.forbes.com/advisor/investing/what-is-a-recession/) *“In 1974, economist Julius Shiskin came up with a few rules of thumb to define a recession: The most popular was two consecutive quarters of declining GDP. A healthy economy expands over time, so two quarters in a row of contracting output suggests there are serious underlying problems, according to Shiskin. This definition of a recession became a common standard over the years.”* + +[**United state Government Accountability Office:**](https://www.gao.gov/assets/gao-05-734sp.pdf) *“A pervasive, substantial decline in overall business activity that is of at least several months’ duration. The National Bureau of Economic Research identifies recessions on the basis of several indicators. As a rule of thumb, recessions are commonly identified by a decline in real GDP for at least two consecutive quarters.”* + +[**Business Insider:**](https://www.businessinsider.com/personal-finance/what-is-a-recession) *“A recession is a significant economic downturn spread across the economy that lasts more than a few quarters. More specifically, Recessions often get boiled down to a simple definition: when gross domestic product (GDP) declines for two consecutive quarters. This prevailing line of thought, popularized by economist Julius Shiskin in 1974, only captures a small corner of a recession's true scope.”* + +&#x200B; + +Now just last week, a couple posts from whitehouse.gov are already claiming that the textbook definition of a recession (2 consecutive quarters of negative GDP) isn’t the REAL measure of a recession: + +[**How Do Economists Determine Whether the Economy Is in a Recession?**](https://www.whitehouse.gov/cea/written-materials/2022/07/21/how-do-economists-determine-whether-the-economy-is-in-a-recession/#_ftnref1) *“While some maintain that two consecutive quarters of falling real GDP constitute a recession, that is neither the official definition nor the way economists evaluate the state of the business cycle.”* + +[**ICYMI: Treasury Secretary Yellen Says US Economy Not in Recession**](https://www.whitehouse.gov/briefing-room/statements-releases/2022/07/24/icymi-treasury-secretary-yellen-says-us-economy-not-in-recession/) *“As she explains, the technical and actual definition of a recession takes into account “a broad range of data” and states “this is not an economy that’s in recession.”* + +*TODD: “If the technical definition is two quarters of contraction, you’re saying that’s not a recession?”* + +*YELLEN: “That’s not the technical definition.”* + +&#x200B; + +Joe and his handlers are clinging to the fact that the National Bureau of Economic Research, a non-profit organization, is technically responsible for “officially” announcing the beginning and end of a recession. Yet another fact is that as of Thursday, we'll have 2 consecutive quarters with a negative GDP. + +The government's *actual* definition of a recession isn't going to change the public sentiment around what everyone is already feeling. Come Thursday afternoon, a negative GDP will be announced, media headlines will all claim a Recession is here based on the new number, and I guess we’ll see what the market does. + +**TLDR**; Negative GDP on Thursday guaranteed. Media will claim Recession is official as of July 28th. Puts on the Economy, idk. + +**EDIT**: I'm not *saying* a recession is here, I'm saying the media is going to eat up a negative GDP number. The whole point of this post is the guarantee that Q2 GDP will be negative. I specifically didn't make a claim to what the market will do, so think/do what you wish. + +**EDIT 2**: Someone asked for a graph so here's a graph of GDP for 2022 +📉 +It seems likely that there are going to be post-election market jitters in November due to uncertainty, and if there's one thing we know, it's that the stock markets hate uncertainty. + +I know that timing the market is generally a fool's game, but given these likely future issues, do you have a strategy for moving to safer, less volatile investments ahead of the election - to secure gains to date and insulate yourselves from falling markets? + +What's your plan? Are you staying allocated as is, or moving your investments around? +Let's say you hit 900k net worth at age 38. 250k of the 900k is in retirement accounts, the rest invested in non-retirement accounts. +You don't want to live in the US anymore. You just want to live in Asia, where you can live very nicely for around 20-25k a year. On the side you will have some small businesses like a cafe or bar that maybe will generate 10-15k a year, but there is no guarantee it will generate anything as you've never run a cafe or bar before. +Is 900k enough to retire for good? + +EDIT: let me clarify that I prefer to live in developing countries, not in HK, Singapore, Japan or other expensive places. I have a pretty basic life so I don't need a super huge apartment or tons of expensive electronics or clothes. That doesn't do anything for me. I enjoy eating nice food but not overpriced restaurants and I enjoy drinking now and then but not at really super nice expensive bars. I am fine living in places like Vietnam, Indonesia, etc. + +EDIT 2: I guess I should mention how I made this. I was a lawyer in the US and I had my own law firm for the last few years. I also run my firm basically working remotely and so I've traveled extensively around the world, particularly in Asia. So this is not some far fetched "I wanna get out of US" thing. I've spent more time abroad last 7-8 years than in the US so I know I want to do this. +Illinois does not tax retirement income, and the law does not make a distinction between income from roth conversions and income from withdrawals. + +What this means is you can save money by doing a Roth 401k conversion instead of contributing to a Roth 401k instead. + + +An Example: + +Scenario 1. Your income is $100k, you put $20k into Roth 401k(after tax). You pay tax on 4.95%, you pay $4,950 in taxes. + +Scenario 2. Your income is $100k, but you contribute 20K to traditional 401k, and then rollover that $20k to Roth 401k. Your income is still $100k, but $20k of that is "retirement income" and thus untaxable in Illinois. You pay 4.95% of $80k, or $3,960. + +**Things to keep in mind:** + +1. This does not save any money on Federal taxes. + +2. You will need to increase your federal withholding accordingly to cover the income from the Roth conversion. If you do it right, your paychecks should be the same as when you were contributing to Roth directly before. + +3. This will make your taxes slightly more complicated. + +4. This will only be useful for Roth IRAs if your income is low enough to have deductible IRA contributions. + +5. If you are in a high federal tax bracket and plan to LEANFire, sticking with traditional 401k might be better than utilizing this loophole. + + +Disclaimer: I am NOT an accountant, please confirm with your accountant first. + +Edit: I don't recommend moving to Illinois just for this, I really meant this post just for people that happen to be in Illinois. Our taxes are terribly high even with the loophole, don't come here. +Illinois does not tax retirement income, and the law does not make a distinction between income from roth conversions and income from withdrawals. + +What this means is you can save money by doing a Roth 401k conversion instead of contributing to a Roth 401k instead. + + +An Example: + +Scenario 1. Your income is $100k, you put $20k into Roth 401k(after tax). You pay tax on 4.95%, you pay $4,950 in taxes. + +Scenario 2. Your income is $100k, but you contribute 20K to traditional 401k, and then rollover that $20k to Roth 401k. Your income is still $100k, but $20k of that is "retirement income" and thus untaxable in Illinois. You pay 4.95% of $80k, or $3,960. + +**Things to keep in mind:** + +1. This does not save any money on Federal taxes. + +2. You will need to increase your federal withholding accordingly to cover the income from the Roth conversion. If you do it right, your paychecks should be the same as when you were contributing to Roth directly before. + +3. This will make your taxes slightly more complicated. + +4. This will only be useful for Roth IRAs if your income is low enough to have deductible IRA contributions. + +5. If you are in a high federal tax bracket and plan to LEANFire, sticking with traditional 401k might be better than utilizing this loophole. + + +Disclaimer: I am NOT an accountant, please confirm with your accountant first. + +Edit: I don't recommend moving to Illinois just for this, I really meant this post just for people that happen to be in Illinois. Our taxes are terribly high even with the loophole, don't come here. +Moons have changed this sub. For the better or the worse, that is up to discussion. + +I want to talk about the flaws of moons. Their psychological effect. Every I’ve seen in new has had 40+ comments in 30 minutes, but all the posts I make rarely have 15+ upvotes. Not upvoting a post makes almost zero effect, in fact in a post I’d seen before analysing karma and moons, not upvoting 1000 posts will only increase the number f moons you receive 0.17% more moons, that’s 100.17 moons instead of 100. But people don’t care that they barely change anything, they are greedy, and moons have magnified these issues 1000 fold. + +Edit: this post has been live 3 minutes. It already has 11 comments but 1 upvote. This just further proves my statement +As many of you probably know, Josh Wise will be racing in Talladega with a Dogecoin livery in early May. This will be excellent publicity for Dogecoin, but also for Bitcoin (I'm sure the origins of Dogecoin will be brought up on several occasions). + +However, there is an additional opportunity for Josh Wise - the NASCAR 2014 Sprint Cup on May 17th. One driver gets to attend not on racing merit, but on fan votes. Usually, one of the more popular drivers wins the vote (Danica Patrick, for example), but if an unknown driver like Josh Wise wins the vote, it will invariably be talked about. How the vote was won will come up, and Dogecoin/Bitcoin will be brought up once again. + +So, your chance to help is here: http://www.nascar.com/SprintFanVote + +You can vote up to 50 times per day. + +*Disclaimer: Approximately 0.5% of my digital currency portfolio is invested in Dogecoin.* +So here I’ve detailed a 3 legged options play I’ve executed today. + +Ford motor company. +All options expiring July 16th + +Buy to open a put @13.5 strike. +Cost is 0.08$ rn + +Buy to open a call @15$ strike. +Cost is 0.63$ rn + +Sell to open a put @15.5$ strike +Selling for 0.71$ rn. + +So you get 71$ from the sale. +You pay 71$ for the other contracts. + +Right now it costs you 0 to execute this strat. (I just did this and cost me 0.8$ per contract because commission is a thing) + +If Ford hypothetically tanks. You’ve hedged yourself position by buying and selling the put spread play. Max loss per contract is capped @200$ that way. + +But if Ford goes up. It’s free profit. +You paid essentially nothing for the call. + +3 legged option strat. Which costs 0$ to execute rn. Hhhhh + +Am I crazy? If there’s a hole in my logic here PLEASE tell me about it. Relatively new on this horse. + +But I reckon as long as Ford closes on the 16th above 15.3$ I’m in profit. +So I’ve done my fair share of credit spreads being mostly 7-9 DTE and and I had close to a 70% rate of success doing mostly put credit spreads on aapl spy amd. However the approximate 30% of losers which were not managed at that time were significant and ate up a huge chunk of those profits. + +Since I’ve changed my strategy to selling 45 DTEs and managing winners at 50% + rolling losing trades for a credit or taking them off . These are the advantages that come along with them: avoid gamma risk, increase max profit, decrease max loss, increase the range of profitability by going out further in strikes to collect a decent amount of credit and the added ability to manage a losing spread with ease. + +The only issue with selling 45DTES is that theta decay on the spread is rather slow and contraction of IV doesn’t have nearly as much of an impact as it does on a short strangle or even IC. Therefore one of the few work arounds that came to my mind would be the obvious solution of scaling. Scaling however requires more capital and so ROC would still be the same. + +Those are some of my thoughts on doing 45DTE credit spreads. While I still view the wheel strategy as a favourite, credit spreads have been the most feasible strategy for smaller accounts. What have your experiences been on selling 45DTE credit spreads +Just curious if you guys can see any downside that i dont see to rolling an option that is near its expiration date and is practically worthless (no more than a couple cents)? thanks for the input +What other dividend stock has anyone discovered that have enough volatility to sell decent premium on? + +Ones such as VZ T and WBA don't generate enough premium for me. + +I've had amazing luck with ones such as BX, KO, TGT, QCOM, NEE, MRK, ABBV, and XLE. Just enough range, and premium, to collect, selling on big green days and using technical analysys. +Hey Guys + +So I am not new to options but have an idea I am new too. I am bottom 99 percent of smartness on this sub so want to hear from the smart guys in the room: + +I've been playing around on paper with wheeling options and chose a couple big boy stocks and need to hear what I'm missing bc it seems too good to be true: + +so we have a flat(bit choppy) market more or less and I paper played with tsla and aapl. Decent premiums with not super- high IV BUT no major movements like 2020. + +I played with 100k and over several weeks I flipped back and forth between selling CSP and CC's. I additionally included a far OTM put on IWM to offset and hedge for a black swan event. + +I ignored for this exercise cost basis and subsequent tax implications. Important I know but just for this exercise and getting a feel for it. I also chose to ignore potential upside that I would "miss out on". Tsla is not going to run 15 percent in 4 days like it did 2 yrs ago. I don't care how many cars they deliver. PS TSLA fanboys don't come at me bro with the troll vibes. I hold TSLA long and I get it. I also ignored the aspect of tying up cash. It would be with a chunk I am fine being tied up. + +So overall with using stable stocks and the strategy above, I feel like making 5 percent a MONTH is possible. There will be months you collect 12 percent in premium and some outlier moves some weeks but I feel that 5 as an avg in a year is doable. Too good to be true so What am I missing? + +Last two things I don't understand: + +If strikes get zoomed by on the up or the down Can shares get assigned early either way and if so can't you just jump in another trade midweek for that week's friday expiry? + +AND + +I was assuming the options I sell would just expire Friday mid day PST like usual options but some forums talk about "Friday post market shenanigans" to worry about and saying you should close out but Friday close if it's your expiry date wouldn't you be out of the trade? Need to know when a weekly option expires and you can get in another trade. + +I'm a basic bixx I know I know. + +Really appreciate this community taking the time and helping others along. I'm not pulling any triggers till all holes are poked in my approach. +Has anyone any luck with negotiating lower brokerage with Schwab. + + +Lower per option pricing or closing of option lower than 0.05 value with no fees (thinkorswim allows it). + + +Just wondering has anyone tried this? +I'm not looking for a YOLO or anything like that. Just want to practice this concept until I get the hang of it. I've looked for a few options but with $700 there's not much out there in terms of premium to make it worthwhile. + +Anyways thanks for this sub, I've learned a lot. +I want to sell 5 puts of AMZN at $3150 and buy 5 puts at $3140. My max risk is $5000 but what happens if AMZN drops below my short put but stays above my long put? My short put could be assigned putting me on the hook for way more money than I have, yet I can still do this trade with only $5000 in my account due to the hedging. + +How does this work if my short put gets assigned? +Sold my first covered calls today on GNW. It's currently sitting at $3.36 ( I got in at $3.30) and I expect it to hit $3.50 by Friday. I bought 2500 shares and STO 25 $3.5c for 10/2 at $20 (or $.20) each. If it hits and I get assigned (which I am hoping to) I should net a little over $1,100. Looking forward to see how this week goes. + +Edit: I closed out of this on Wednesday morning with zero impact. The reason I closed was because the merger announcement information was at a different date than I had previously read (projected announcement was to be 9/30 and I read in October). Once I learned the new date I felt it best to close considering the potential for the merger to be extended and the stock price to fall further than planned. Luckily I did because it was and it did fall. Lesson - you can never do enough DD, especially on penny stocks. LOL +I'm somewhat new to options trading but I understand the basic fundamentals behind some of the more popular strategies (like a credit spread or CSP/CC wheeling). + +As I've been lurking here over the last few months, I've seen a lot of sentiment to the effect of "selling credit spreads is just options gambling; doing the Wheel is safer and more reliable." + +From what I can see, the Wheel ties up more capital and there is still "max loss" risk if you ultimately end up with the underlying shares. However, you also hold the ability to recover if you own the underlying and it goes back up. + +Credit spreads have limited risk, but the max loss comes without assignment, so you kind of either win or lose (or maybe in less common situations, break even). + +**Can someone smarter than me (which is probably most people here) explain whether they feel one of these strategies is inherently riskier or a worse use of capital than the other strategy?** + +I know there are tons of factors in play but want to get the general reaction comparing these two strategies. +I'm starting to come to the conclusion that selling naked options is better than credit spreads (IC, put, call, etc) if the account can support it and can take assignment. + +What do you think? + +Advantages of naked over spread + +* Faster theta decay + * With credit spreads - the long leg will play against the theta decay +* More positive impact from volatility decline +* Much easier to roll for credit + * Can be hard to roll spread if both legs get breached + * Can also roll to a different strike +* Can eventually be turned around - if company doesn't go bankrupt -- by taking assignment + selling covered calls/puts on it + * Credit spreads can lead to permanent loss if both legs get breached +* Personally, I've been less tensed with naked options since I'm OK taking assignment + * There's more market watching with credit spread since I have to hope it doesn't get breached + +Advantages of spread over naked + +* Defined risk - good for new folks to calculate +* "Denser" spread -- i.e. you can bet 10k on a spread and make 7k + +What am I missing? +I made a ton of money buying shares in TSLA in 2020 on margin and selling them later on. In 2021, I mostly just did CSPs on TSLA. Other than the big dip from $900 to $550 in TSLA, I've made out like a bandit selling puts. Though no where near as much as I made in 2020 on shares. So I'm definitely wondering, if I'm bullish on any given stock, doesn't it make more sense just to buy the shares instead of selling CSPs? +People underestimate Blackberry's QNX operating system as a secure RTOS (Real Time Operating System) based off of microkernel architecture. 🚀 + +For those who don't know how a RTOS microkernel operates let's explain with minor detail. QNX is one of the most adopted embedded OS's in the world it's installed in defense systems, power plants, municipal grids, robotics, rockets, rail and 175 million vehicles and rising.🚀 + +The reason for it's adoption is because of the way a QNX Neutrino RTOS operates compared to what we consider typical everyday operating systems. Most operating systems including IOS, Windows, Linux(Android) and MacOS to name the most apparent run on monolithic designs or hybrid kernels.🚀 + +A true microkernel architecture like QNX Neutrino RTOS has full memory protection which is built in meaning that any component can fail and be restarted without corrupting the microkernel or other components in the system. If failure does occur, QNX has the ability to rectify the problem without affecting any other part of the system through process monitoring and recovery components. This feature and ability equals extreme reliability, security and being a microkernel the OS is also modular.🚀 + +So what is the big deal your probably asking, Apple, ABC, and Microsoft might enter the space? Not exactly, in fact there has been work in this space from all three companies. Apple opened a facility across from QNX in Kanata and hired the ex creator of the OS Dan Dodge in 2016 to work with Mansfield on the autonomous car project called project Titan. The need for a secure and stable software is where Dodge and his decades of experience from QNX come into play.🚀 + +The need for a software system as reliable and secure as QNX should be a big flag to the sheer potential of QNX. It is clearly a threat and tough competition for even the biggest software companies. Not only this but project Titan continues to be illusive revealing possible setbacks and interference in trying to compete but also Apple lost several top managers from it's Apple Car project causing a potential setback to the launch revealing some attrition in the project.🚀 + +QNX version (7.1) is years ahead and analysts predict the next competitor is still 5 years away from anything even remotely close. QNX hypervisor 2.0 is 61508 SIL 3 certified and has been recognized as ISO 26262 ASIL D compliant making it the world's first ASIL D safety-certified commercial hypervisor. 🚀 + +As other's race to catch up, BlackBerry has been filing patents on it's system.🚀 + +The QNX Hypervisor utilizes patented and patent-pending technologies that simplifies how elements are shared on the system. Multiple OS's can use 1 display controller to render content onto multiple displays, aka digital instrument clusters and infotainment.🚀 +Original post:https://np.reddit.com/r/CryptoCurrency/comments/sanct2/my_government_announced_1_year_jail_time_for/?utm_source=share&amp;utm_medium=ios_app&amp;utm_name=iossmf + +I contacted many Embassies and they didn't approve when I applied for political asylum.I have been staying off this Reddit account as the security here is tightening even in small cities where I'm currently in.There are checkpoints literally 10 minutes walk away from each other where they check phones.The military checks our phones for vpn and Facebook and messanger.As for crypto,they are not bright enough to understand it at the moment but they check our phones for Binance(idk why).I put all my funds in a Trust wallet and deleted Binance.A hardware wallet is currently on the way which I bought with the money some of the guys from this subreddit provided.More than 90% of my portfolio currently was contributed by some members of r/cryptocurrency.I possess an amount of money($1***) which I couldn't even imagine I could have,thanks to this sub.When my hardware wallet arrives,I will move all of my funds into it and wait patiently and keep investing hoping that one day I can save enough to take my family out of this hellhole of a country.I will keep using this Reddit account and even if I got out of the country,it would be mainly because of this subreddit.Honestly I couldn't believe my eyes when some of you guys sent me,an internet stranger they just met,actual money in the form of crypto.Crypto basically changed my life.I'm now using a more secure vpn with a subscription.Thanks members of r/cryptocurrency. + +Is this even the right place to post this?Please tell me if it's not. +Every financial crisis is exactly the same. Investors figure out a fun new way to make money, lever up their investments, convince dumber investors and businesses to buy in, lever up some more, spread the risk around the entire financial system, and ride the wave up until it crests and crashes. + +* In the Panic of 1819, "wildcat" banks out west converted funding from the US bank (central bank at the time) into their own leveraged currency and handed out unsecured loans to land developers. Much of the land turned out to be worthless, and the banks went under, dragging down the US bank and US economy with them. + +* The Panic of 1837 was similar, except that east-coast banks handed out money to any and every cotton farmer in exchange for a profit split. When the cotton market crashed, so did the banks. + +* The next capital-P Panic, this one in 1857, was set off when the thousands of miles of tracks promised by mid-19th century-railroad startups stalled out in the construction phase. The implosion among investors reverberated through the entire economy. + +* Then there was the Really Big One -- the Crash of 1929 preceding the Great Depression. Investors in the 1920s were absolutely out of their minds. They dished out easy money like candy in every direction and in every industry -- materials, construction, retail, automobiles, railroads -- believing that the good times of profitable plays and high returns would never end. This is when the semiotics of the stock market began to shift: investors started putting their faith in the rise of the DOW like it was a Newtonian law, without regard to what it stood for or the investments underneath. When those investments turned sour, the bubble grew larger before it finally popped. + +* Skipping ahead to 1987's Black Monday, we have investors so high on their own supply that they truly believe financial wizardry will save them from any downturn. In this early era of computers, traders started using smooth-brained algorithms to hedge their portfolios. Since the robots were protecting us, it was totally fine to lever up and throw money at anything that promised above-market returns. Because the algorithms will surely warn us before we head off the cliff, right? Nah. Stocks dove and brokerages faced margin calls that wiped away their balance sheets. Oops. + +* Reagan-Bush economic philosophy is perfectly captured by the Savings & Loan Crisis. S&Ls were like banks, only without any oversight whatsoever and lots of accounting gimmicks to make them look *not* insolvent. The clarion call for credit lines by unimaginably shitty businesses was heroically answered by S&Ls across the nation. They doled out loans to just about anyone who asked for them at high interest rates and then cooked their books to make it look like they had plenty of working capital and a steady stream of investment income. Some of that income actually came from completely unrelated investments bought on margin, purportedly to hedge against credit risks. Like a mobius strip, the margin for those investments was backed by the loan obligations from the shitty companies they invested in. Just utter shit all the way down. The whole thing blew up in the early 1990s. + +* We didn't learn our lesson because we never do, which brings us to the Dot Com Bubble. Technology got shinier in the 1990s, and the investor class became ever-more transfixed by it. Imagine. The year is 1999. Dial-up speeds can load a gif in about one minute. You think you can start an e-commerce grocery delivery business on this platform, and investors are like, oh yeah man, fuck yeah, take my money! And even though you've reported less than $400K in total revenue, Goldman Sachs underwrites your IPO for a $5 billion valuation. (Goldman is shorting the shit out of you on the other side of their "Chinese wall.") The fiasco was fueled by Y2K-induced magical thinking by boomer investors placing highly leveraged bets on every empty LLC with "dot-com" in its name, and delusional boomer management in tech, media, and telecom (and everywhere else) going deep into debt to finance insane business plans reliant on internet connections that still made phone beeping noises. + +* Next is a story we know: the 2007-2008 Global Financial Crisis. Let's extend insane amounts of credit to anyone with a pulse, bundle up the worthless contracts, stamp AAA on top, sell it to shit-tier mutual funds, borrow against it to take out massive amounts of insurance on it, take out even more insurance on it to bet against it because hey why the fuck not, and then let the perpetual free money machine do its thing. Use the perpetual free money machine to lever up investments everywhere else. Use those levered investments to make more levered investments. Call yourself CFO of Lehman Brothers. + +I have no doubt that the illustrious investor class has continued to fuck around over the last decade to build up yet another unsustainable house-of-cards shit-bubble. And now that stocks are tanking, economic activity is screeching to a halt, bond yields are plummeting, and fed rates are reaching zero, it's only a matter of time before the first dominoes start to fall. + +But a market bubble implosion is also an opportunity for tremendous gains. Think John Paulson shorting the ever-loving fuck out of the housing market before the subprime mortgage crisis and reaping $4 billion. The only problem is that real bubbles are very hard to spot, even if they are obvious in retrospect. Finance has become so convoluted that everything can look like a bubble if you stare at it for long enough. + +So here are some ideas for where the bubble may be lurking. I'll add any other credible hypotheses to this list if the post gains interest. + +**1.** **Corporate loans** + +Low interest rates during the last 10 years have prompted businesses to borrow money with abandon. On the other side of the equation, investors seeking above-market returns have been dishing out these loans like candy. Rising tides across the economy have convinced businesses and investors alike that the risk of these loans going south are immaterial. Reminiscent of the S&L crisis, many of these loans have been given to businesses with little collateral, low liquidity, and tenuous cash flow. If these businesses cease to operate, they will quickly become insolvent, investors will realize huge losses on their loan portfolios, and insurance payouts will balloon. + +Per the Fed, corporate debt & loan liabilities have skyrocketed in recent years: [https://fred.stlouisfed.org/series/TCMILBSNNCB](https://fred.stlouisfed.org/series/TCMILBSNNCB) + +Same with bonds, which will face the same problem as loans: [https://fred.stlouisfed.org/series/CBLBSNNCB](https://fred.stlouisfed.org/series/CBLBSNNCB) + +"Other loans and advances" and "miscellaneous liabilities" (very mysterious) have boomed: + + [https://fred.stlouisfed.org/series/OLALBSNNCB](https://fred.stlouisfed.org/series/OLALBSNNCB) + + [https://fred.stlouisfed.org/series/MLLBSNNCB](https://fred.stlouisfed.org/series/MLLBSNNCB) + +I think this is the most likely origin of a potential market collapse. Market, bond, and loan values are dependent on the uninterrupted function of cash-poor businesses. If any of these are serving as collateral for other investments, or as the foundation for securitized products, then the crash could be spectacular. + +**2. Shadow banking** + +Following the financial crisis, Congress put a muzzle on the world's biggest banks through tougher capital and liquidity requirements. They were forced to delever their balance sheets, unwind from risky investments, and toughen their lending requirements. This didn't stop the demand for risk, though, which moved into the "shadow banking" sector. Investment firms like Blackstone, Blackrock, KKR, and Bridgewater and smaller investment banks like Moelis, Houlihan, and Jeffries picked up where JP Morgan and Goldman Sachs left off. We can assume they have loaded up on leverage to purchase what were considered low-risk assets amid low interest rates and broadly appreciating markets. The extent to which they can de-lever without blowing up their balance sheets will determine whether they sink or swim. If they sink, the repercussions will be broad and start to impact the TBTF banks that were supposed to be reined in by financial crisis-era regulations. We can also assume, to some degree at least, that firms like Goldman and Morgan Stanley, which do not have large consumer lending & banking businesses, were able to creatively skirt regulatory requirements and load up on riskier assets. Goldman's latest 10K shows that the firm has up to 70% of its credit portfolio in non-investment grade or distressed corporate loans (see #1 above). That's going to be a problem. + +**3. Leveraged real estate** + +A major part of the 2008 financial crisis was the implosion of the subprime mortgage market. A decade later, there has been a major shift away from home ownership and toward rental properties. But subprime mortgages have also started to creep back up, with longer terms and higher interest rates. Rental income & long-term mortgage payments are presumably safer for investors than the types of agreements we saw leading up to 2008, but that logic implodes when they're propped up by leverage, securitized into new investment products, and under-girded by rental and mortgage contract terms that consumers are unable to meet. We know that there is a lot of leverage in this sector -- investment firms attest to as much -- and depending on the extent of that leverage, the end result could be a disaster. + +Those are my initial musings. Still thinking through potential positions. I think Blackstone & Morgan Stanley could be left holding the bag if the system implodes. Urban-focused REITs could be in major trouble. And businesses with high levels of short-term liabilities in the form of leveraged loans and bonds could start to fold. + +**4. Consumer credit** *(added 3/21)* + +After the subprime mortgage bubble popped, lending standards in the housing market became more restrictive (at least, they did at first). But as the economy recovered, investors looked for other ways to extend credit to consumers in an era of low interest rates and below-average returns. You may have seen the advertisements -- $0 down and 0% APR for X number of years if you clear the lowest bar of underwriting standards, for credit cars, auto loans, and yes, eventually mortgages once again. The result has been a run-up in total consumer credit levels, topping $4 trillion in credit liabilities. These cash-flows have been leveraged and spun up into $16 trillion in debt securities & loans among the investor class: + +https://fred.stlouisfed.org/series/HCCSDODNS + +https://fred.stlouisfed.org/series/CMDEBT + +Auto loans have peaked: https://fred.stlouisfed.org/series/MVLOAS + +Residential mortgages are back to 2007 levels, right before the last bubble burst: https://fred.stlouisfed.org/series/HHMSDODNS + +And starting in 2015, delinquencies among consumer loans have crept up to the highest level they've been outside of a recession: https://fred.stlouisfed.org/series/DALLCCACBEP + +The bubble here is easy to spot: consumers are already over-extended, and their credit lines / loan agreements have been securitized and shared across the financial sector. Delinquencies had been rising before the current crisis. You can imagine how dire things will get once folks who were barely able to scrape together an interest payment last month have literally $0 in income to their name for the next few months (at least). The devaluing of these credit portfolios will bring heavily exposed investors to their knees, and the pain will spread to any other organizations they have a stake in. + +**TL;DR No tldr fuck you learn how to read** +Hello Traders! + +I posted this a while ago on r/thetagang, but never posted it here. I made interactive plots of all first, second, and third order greeks. You can play around with them here. + +[https://www.vicarisi.com/Greeks](https://www.vicarisi.com/Greeks) +Just called UFB Direct. My Elite Money Market rate was 1.92%. Asked rep to convert to their newly advertised 3.81% and it was done instantly. + +Did the same on my Capital One 360 Performance Saviings and didn't even need to call ... just opened new account online, transferred balance then closed old account. + +Sucks they do not automatically adjust rates, but at least there's a way to make it happen. +(Los Angeles, CA) Fresh off his success, Travis Kalanick has left UBER to work on a revolutionary new peer-to-peer toilet startup dubbed SHYT. + +The pitch: Every day, millions of office washrooms and toilets are left unused and underutilized. SHYT will allow owners to rent their toilets for use by others, providing them a steady "stream" of secondary income and decreasing toilet "congestion" and waiting times at busy offices. Users will use an app to hail available toilets in their vicinity, and rate their experience based on cleanliness, accommodation, and flush response. SHYT's revolutionary AI algorithms will optimize toilet utilization, and apply surge pricing when toilets are in high demand. + +SHYT aims to corner the market by signing up 100,000 toilets across 50 metropolitan areas in its first year, and is raising funds from VCs and private equity, led by SoftBank, at a $10B valuation. +I've lived and worked in Washington for the last 5 years. It was time for a change, so I put in my two weeks notice in Aug and then moved overseas. HR sent me "what to do before my last day with the company" documents and one of the tasks was to update my mailing address in ADP and the company's registry if it'll change after I quit. I updated the address to my parent's place in Oregon, since they'll manage my mail once I move overseas. After my last day at work, I was due 2 paychecks. One at the end of August and another at the end of Sept. + +When I reviewed Aug paycheck, it showed that Oregon Income Tax had been taken out of my paycheck. Since I don't and won't be working or living in Oregon, I don't understand why I had to pay Oregon Income Tax. I called the payroll department to figure out what happened. Payroll said they'd look into it and get back to me. They also said that I didn't need to do anything in the meantime. They finally called me on 10/4, after Sept paycheck was already sent out with the Oregon Income Tax deducted again. + +During our 2nd call, payroll said that they determine what types of taxes should get deducted from the paycheck based on the address on file with ADP and the company. They also can't refund the 2 Oregon Income Tax amounts because it was already deducted from Aug and Sept paychecks. They can't give me a refund and didn't have any other options. + +What's frustrating is, payroll should've told me during my 1st call, early in Sept, to change my address back to Washington to prevent the deduction from happening again in Sept paycheck. There was enough time to fix it for Sept paycheck at least. Instead, there's less money than I expected in my bank account from both months. + +Is it true that Payroll can't refund the incorrectly deducted amounts back to me? Is there another way to get the money refunded? Who do I need to contact or what do I need to do to get this fixed? +I was reading dr queen kongs tweets earlier about how the dtc are still processing DRS requests and it got me thinking about what kind of stunts these asswipes at the dtcc can pull when they need to keep their dick from getting blown off. I'm about to go slam the rest of my shares into computershare just thinking about how they always have to turn to illegal and unscrupulous methods to stay ahead. If this is our win card, they wont keep the door open forever I would imagine. Power to the fucking players and direct register your shares. +ETH is the future,but can't all the companies that want to use Ethereum like systems just build a private one for themselves? +Do all the companies and governments that want to use a system like this have to buy Ethereum? + +Just a noob asking experts. + + + +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include but are not limited to general discussion, details related to events of the day, technical analysis, Ethereum Classic, and minor questions. +- Important content should be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + +This is a combination of DD, Discussion, and Opinion. I've given it the DD flair because I think the topic is important as is the actual DD within it. I'm also reposting this because I think it's important that we address the FUD that we're accidentally spreading ourselves, stuff like asking everyone to email the SEC but then delaying the SEC because they have to read every comment. + +Also, I apologize for no emojis, ape-talk, and confirmation bias. I think it's important to really focus on the facts here and leave that to other posters! + +**There are short summaries at the end of each section if you're lazy.** + +I'm sure everyone has seen the posts about [CODE RED](https://www.reddit.com/r/Superstonk/comments/mx887u/code_red_subreddit_weekend_update/?utm_source=share&amp;utm_medium=web2x&amp;context=3) and increasing the karma requirements for posts. This is a great move towards improving the state of this sub but I don't think it's going to change much. + +**Why?** + +Because the shills are massively outweighed by our own members who massively duplicate posts, flood the sub with memes and images with no sources, which then get picked up by DD, which then get voted by the thousands, then gets picked up by big names and included in dailies. + +I'm going to try to be less aggressive in this post because in previous ones I was a bit of a dick, sorry u/dwellerofthecrags! Anyway, I'm going to perform some Due Diligence on where misinformation has come from and how it's been spread, not by shills, but by us. I'm also going to add in some info at the end of each section to keep an eye on when looking at DD. + +This is not financial advice. + +&amp;#x200B; + +1. Royal Bank of Canada +2. At the Money Offering +3. 10K and Proxy Material +4. Share Recall +5. AMAs and Celebrities +6. Bank Closures and Lights on, No Date, Shills are Downvoting me! + +&amp;#x200B; + +1. **Royal Bank of Canada** + +This was one of the worst an craziest series of misinformation that just flew around this sub. Starting on Friday posts flew around the sub about RBC's price tanking. This [post flew to the top and was on the front page](https://www.reddit.com/r/Superstonk/comments/msu486/shitadel_buys_rbc_stock_and_afterhours_drop_60/?utm_source=share&amp;utm_medium=web2x&amp;context=3) on Saturday. It has 5,300 upvotes and 1,300 comments with the top comment (aside from the Mod's) with 3,200 upvotes. It's the first post that comes up if you search RBC and the first post to come to the top if you search Royal Bank of Canada is this post which claims it's legit because the prices matched on [Google and NASDAQ](https://www.reddit.com/r/Superstonk/comments/msqfrd/looks_like_the_royal_bank_of_canada_is_one_of_the/?utm_source=share&amp;utm_medium=web2x&amp;context=3). + +It wasn't until a day later that c[ounter DD was posted](https://www.reddit.com/r/Superstonk/comments/mt8syk/attention_rbc_citadel_misinformation/?utm_source=share&amp;utm_medium=web2x&amp;context=3). It's great DD but the insistence on tying things to Citadel is a bit over the top. Buuut it looked at all of the possibilities of what could have happened: filings, offerings, low volume, and even included the counter DD in its edits. + +The majorly disappointing thing about this whole FUD ordeal is that on Monday when everything went back to normal as predicted, it wasn't addressed by Mods or the 'big names' who have a platform. [Even this post that had a tweet directly from RBC](https://www.reddit.com/r/Superstonk/comments/mtiq7b/finally_got_a_reply_from_rbc/?utm_source=share&amp;utm_medium=web2x&amp;context=3) saying it wasn't an issue barely got 100 votes. + +**SOME TAKEAWAYS AND TIPS:** + +* **The RBC situation was nothing more than misinformation.** +* [*Look at ALL the filings and understand what they do*](https://www.intelligize.com/wp-content/uploads/2017/09/intelligize_sec_forms_guide.pdf)*. 424B2s are filed often and regularly as updates to the prospectus.* [*You can use EDGAR*](https://www.sec.gov/edgar/searchedgar/companysearch.html) *to to search for filings and* [*this list to help understand what the filings are*](https://help.edgar-online.com/edgar/formtypes.asp)*.* +* *Look at the volume of trades, if it's low, like 900 shares or a low value it's probably not a huge player. You can often find the volume on your trading app or head to the* [*NASDAQ website to look*](https://www.nasdaq.com/market-activity/stocks/gme)*.* +* *Don't immediately assume everything is because of Shitadel (although there are ties most places... it's often not them directly doing something).* + +&amp;#x200B; + +**2. At the Money Offering** + +This FUD is similar to the last one as it's important to know what filings are and how they work. This one was a combination of mostly shitty reporting and our own oversharing and flooding with posts. + +I don't know why but for some reason all of these media outlets always publish the same BS article on shelf offerings. As much as I wish it was evidence of shittiness from the media being bought by hedgies it's most likely not. Although, it is entirely possible as one of the examples of BS reporting on offerings was on SPCE or Virgin Galactic which also had surprisingly high short interest. + +Back to the point, there was aggressive FUD when the news came out because people didn't understand what the offering was before posting about it. Or simply posted a screenshot or a link to an article without any helpful information for the smooothed brains among us. This one was fortunately picked up quickly by the big daily from [Rensole](https://www.reddit.com/r/Superstonk/comments/ml7lp0/synopsis_for_04062021_what_we_need_to_know_before/?utm_source=share&amp;utm_medium=web2x&amp;context=3). + +There were tons of duplicate posts flying around about what an offering is, how much money they will bring in, when they'll use the offering, what this means for the squeeze. Most of these were low quality posts, links, or questions that didn't offer much more than misinformation. + +**SOME TAKEAWAYS AND TIPS:** + +* **The ATM is a shelf-offering that doesn't have to be used.** +* *This is pretty similar to the last point. Check out the filings of the company before posting and understand what they do.* +* *You can go* [*directly to the GME website*](https://news.gamestop.com/financial-information/sec-filings) *and see their filings or use EDGAR. You can also sign up for notifications.* + +&amp;#x200B; + +**3. 10-K and 14-A Filings, Hidden Messages and Memes, Legal Disclaimers** + +Ok, this is a big one. Ryan Cohen is not trying to send us secret messages encoded in the filings or in Tweets. That would be an insane risk to himself, GME and everyone involved in this GME situation. That's literally the definition of market manipulation and fraud even if it's just a Tweet, [Elon Musk was charged with securities fraud for a Tweet](https://www.sec.gov/news/press-release/2018-219). There were tons of posts about 04/15 and 04/20 that ended up confusing the issues of share recall and priming everyone for FUD. THESE WERE NOT POSTED BY SHILLS. THESE WERE EVEN POSTED BY MODS. + +People got very excited about the new wording in the 10-K about the inclusion of short squeeze and other price related legal wording in their *RISK FACTORS* section. This wasn't a secret message or a nod to apes, it was a legal requirement. + +This is also the case with the 14-A filing recently where several posts have highlighted the urgency to vote being different from last year. There was a misconception that was picked up quickly and spread that [we need to vote ASAP because this is what will cause the squeeze](https://www.reddit.com/r/Superstonk/comments/mwybt4/voting_is_the_catalyst_rc_cannot_prove_there_is/?utm_source=share&amp;utm_medium=web2x&amp;context=3). There's no urgency to rush and vote. Here are all of the 14A filings with the same boilerplate notice (except last year with the Hestia stuff that had extra info). + +[In the 2020 Proxy Statement on Page 9 it says](https://sec.report/Document/0001193125-20-120938/): + +&gt;**Your vote is especially important this year in light of Hestia and Permit’s proxy contest. Whether or not you plan to attend the annual meeting, we urge you to vote as soon as possible using the enclosed BLUE proxy card. Please see “How do I vote?” below for more information on how to vote.**and again on page 61:**STOCKHOLDERS ARE URGED TO SUBMIT THEIR BLUE PROXY CARDS WITHOUT DELAY. A PROMPT RESPONSE WILL BE GREATLY APPRECIATED** + +[In the 2019 Proxy Statement on Page 58 it says](https://sec.report/Document/0001326380-19-000087/): + +&gt;**STOCKHOLDERS ARE URGED TO FORWARD THEIR PROXIES WITHOUT DELAY. A PROMPT RESPONSE WILL BE GREATLY APPRECIATED.** + +[In the 2018 Proxy Statement on Page 51 it says](https://news.gamestop.com/static-files/327eb10f-7d51-4110-8a60-24b942c5699b): + +&gt;**STOCKHOLDERS ARE URGED TO FORWARD THEIR PROXIES WITHOUT DELAY. A PROMPT RESPONSE WILL BE GREATLY APPRECIATED.** + +Yes, you should vote as soon as you can but there is over a month of time during which you can vote. **The entirety of the materials aren't set to be released** [**until the 28th according to their website**](https://www.proxydocs.com/branding/962080/edocs/2021/issuer/). This has led to a wild amount of FUD with claims of phishing and hedgies trying to get your control number to vote. **THIS IS NOT TRUE.** [The phishing incident that is making rounds](https://www.reddit.com/r/Superstonk/comments/mvf20m/heads_up_fidelity_customers_phishing_emails_are/?utm_source=share&amp;utm_medium=web2x&amp;context=3) has nothing to do with GME, nowhere in the image does it mention GME, control numbers, or voting and the poster never mentioned it had anything to do with GME. [It's a known phishing attempt using DocuSign](https://www.docusign.com/blog/docusign-update-recent-phishing-attack#:~:text=Hover%20over%20all%20embedded%20links,bottom%20of%20every%20DocuSign%20email). + +However, there are posts like this that are claiming, with absolutely zero evidence, [that someone is out to get your voting rights.](https://www.reddit.com/r/Superstonk/comments/mxhcnq/beware_phishing_scams_are_trying_to_steal_your/?utm_source=share&amp;utm_medium=web2x&amp;context=3) The most disheartening part of that post is the mod comment that this is a shill tactic. It's not, it's apes running with something and spreading our own FUD. That post itself is FUD, no evidence, no sources, no links. [There are tons of these types of posts floating around](https://www.reddit.com/r/Superstonk/comments/mwzwji/when_you_vote_your_shares_make_sure_you_are_on/?utm_source=share&amp;utm_medium=web2x&amp;context=3). + +**IF YOU ASK FOR PROOF AND GET A RESPONSE LIKE THIS THEN THERE IS NO PROOF. THE INTERNET IS NOT PROOF. THIS IS FROM THE PINNED PHISHING POST.** + +&amp;#x200B; + +[If you see responses like this to requests for proof, DOWNVOTE!](https://preview.redd.it/unov8wws3hv61.png?width=1242&amp;format=png&amp;auto=webp&amp;s=321e91ae7d743c6af1bf05919f877f382e9a24cd) + +The most important part about this is that you might actually miss out on your voting material because you ignored an email that you thought was a phishing attempt. [Here is a good guide using MVIS as an example with information on how certain brokers send the materials](https://www.reddit.com/r/MVIS/comments/iip2re/proxy_vote_guide_here_is_why_to_vote_for_and_how/?utm_source=share&amp;utm_medium=web2x&amp;context=3). It is important to do this research yourself and find out what firm is supply your brokers with proxy information. [Robinhood uses Mediant](https://robinhood.com/us/en/support/articles/shareholder-meetings-and-elections/), others use [Compushare, Broadridge, or D.F. King](https://www.fidelity.com/mutual-funds/information/proxy-voting-faq). + +There is a big difference from providing information to people about the possibility of phishing and the importance of voting but **SCREAMING ABOUT SHILLS STEALING YOUR VOTE ONLY PRODUCES FUD.** + +You need to be patient as there is probably an insane volume of people asking for their proxy materials which was not expected. [Last year only 66% of shares voted](https://news.gamestop.com/static-files/349495b7-542f-4501-921c-320746dabbba). + +**SOME TAKEAWAYS AND TIPS:** + +* **There's no evidence of phishing attempts directed towards the proxy.** +* **There are no hidden messages in Tweets or filings.** +* *Look for the source and compare the proper sections.* +* *When you post DD with* ***long*** *documents include the page number, section, etc.* +* *If you do not see these things, ask for them. If they're not provided, DON'T UPVOTE!* +* *There are tons of Phishing posts from real people who are concerned but downvote posts that spread fear.* +* *These aren't shill tactics, it's us reposting and upvoting bad info or clickbait titles!* + +&amp;#x200B; + +**4. Share Recall** + +This one is the most frustrating of all because directly contradictory information was posted by the biggest daily poster in the sub. I respect Rensole and understand how difficult it is to put this stuff together [but in his own post he says](https://www.reddit.com/r/Superstonk/comments/mwrt08/synopsis_for_04232021_what_we_need_to_know_before/): + +&gt;Think critically about everything, this includes your own opinion, be open to the idea of being wrong with something, this leaves room to learn and change what you believe. + +**THIS INCLUDES THE PEOPLE THIS SUB HAS COME TO IDOLIZE AS WELL AS THE MODS**. The mods are human just like we are and they make mistakes. The important thing is to not ignore those mistakes because of their status. This whole debacle started with constant flooding of memes and low quality duplicate posts that were never removed. As I mentioned before even mods shared some of these. In some cases it was off Reddit but when you're a mod of a community that is under the microscope it's not great to be spam sharing news and memes without checking the validity of what you're sharing. + +Back to the point. There has still yet to be any evidence or sources provided to support any theories on a mass share recall still happening. + +There have, however, been a slew of posts about how share recalls work: + +* [Share Recall, Share Audit, The Misreport in the Morning News](https://www.reddit.com/r/Superstonk/comments/mwsxox/share_recall_share_audit_the_misreport_in_the/) +* [Clarification on GameStop RECORD DATE - Shares Recalled or Not?](https://www.reddit.com/r/Superstonk/comments/mwj1ko/clarification_on_gamestop_record_date_shares/) +* [Comment on Recall](https://www.reddit.com/r/Superstonk/comments/mra4xq/superstonk_discussion_april_15_2021/gunvaq9?utm_source=share&amp;utm_medium=web2x&amp;context=3) +* [My own DD on terms, dates of record, and my own theory on the possibility of overvoting.](https://www.reddit.com/r/Superstonk/comments/mws33j/voting_rights_date_of_record_failure_to_deliver/?utm_source=share&amp;utm_medium=web2x&amp;context=3) + +The share recall issue has still not been settled and other apes are still posting about the possibility of a share recall, when will the recall be, RECALL=MOASS, and other similar posts. + +These are what create FUD, particularly the RECALL=MOASS type posts as well as the flooding of memes and low-effort posts. These are not shills doing this, these are our friendly apes getting hyped and being hyped again by important members of this community. + +**SOME TAKEAWAYS AND TIPS:** + +* **There are different types of recall, a vote recall has passed.** +* *The mods are human and make mistakes* +* ***Always look for a source. If there is not a source it is likely not true.*** +* *Downvote if sources are not included.* +* *Look at all the filings, learn the terms, research how they work.* + +&amp;#x200B; + +**5. AMAs and Celebrities** + +I've touched on this a bit through all of the previous sections but this sub has come to idolize certain individuals. Everyone is human, everyone makes mistakes, don't dismiss a mistake or misinformation because of someone's status. + +People have been wildly disappointed by previous AMAs because they've turned the individuals into messiahs or prophets and then are disappointed when these people don't confirm our biases. They all have their own opinions and most importantly they have to ***legally*** watch what they say. This is why Cohen isn't communicating secretly through Tweets or Gamestop Deal of The Days. They're under the microscope. If you think shills are trying to get your proxy vote do you not think they're trying not smart enough to try to call market manipulation on the smallest thing? + +We've also turned people like DFV and Ryan Cohen and certain members of this community into celebrities who can do no wrong. I've pointed out a few cases above but I do not want to call anyone out specifically by name. Yes, I realize that they work hard for us and it can be stressful but this issue is on ***us***, not them. ***We*** need to stop turning people into infallible sources of information and question what they post if it does not have sources, evidence, etc. + +**SOME TAKEAWAYS AND TIPS:** + +* **Don't expect confirmation bias in AMAs** +* *Everyone is human and makes mistakes.* +* ***Always look for a source. If there is not a source it is likely not true.*** +* *Downvote if sources are not included.* +* *If something is lacking sources or is bad question it! Regardless of that person's status!* + +&amp;#x200B; + +**6. Bank Closures and Lights on, No Date, Shills are Downvoting me!** + +This is mostly an opinion section. + +**Banks** + +This is just dumb stuff that causes problems and creates FUD. The bank closures and pictures of banks with lights on was just insane speculation and honestly a little creepy. This is the stuff that is the most detrimental to GME and the community because it paints the members as wacky conspiracy theorists. It's also weird. Normal people work there and have lives that are probably miserable and don't need some weird dude in a gorilla mask harassing them. I'm not defending hedgies but damn, let people be. + +It's also not great because this type of stuff makes it into DD and highly upvoted posts as evidence that *something* is going on. Not everything is directly related to GME and the lights on in a bank over the weekend does not mean that someone's shitty DD is correct. + +**No Dates** + +This one is just wacky to me and I am not supporting hedgies, saying they're smarter than us, or saying we're dumb. But they are on the inside and we are on the outside. They have people who worked for the DTC, NSCC, FINRA, SEC, etc. They have people who have been doing this for decades. Do you not think they know the dates? They know every date and what's going to happen on that date. They hold all the cards and we can't see them until the date has passed. + +The problem with dates is that ***we*** massively hype up dates with memes (04/20 for example) and then when that date comes, everyone is sad. That is FUD and that is done by us shooting ourselves in the foot with hype. People who scream NO DATES THEY'RE USING THEM AGAINST US are creating FUD. Just stop meming and hyping dates with minimal information. + +**Shills are downvoting me!** + +No they aren't. You can see the ratio of up and down votes. Just saying "I'm prepared for this to get downvoted by shills" is nonsense. I'm sure there are some shills who are downvoting things but when the majority of posts are 90% upvoted then I suspect that there aren't that many active shills around. + +**Suicide Reporting** + +After my post about share recalls and voting I got a message that someone reported me for being suicidal. The same goes for one of the other authors of the posts above about share recalls. + +Why would a shill report us for trying to clarify information on share recalls that goes against major theories and current hype? + +**SOME TAKEAWAYS AND TIPS:** + +* **Flooded meme posts are used as evidence for DD.** +* *Stop posting weird creepy shit about banks.* +* *Chill with the No Dates thing, they already know the dates.* +* *There are likely not as many shills as we think but we conjure them up.* + +&amp;#x200B; + +**CONCLUSION** + +I made this post because there's constant FUD produced by ourselves and then we go running for the hills screaming shill. We need to be better at writing DD and holding DD writers to a higher standard. We also need to hold everyone to a higher standard because it's not just DD posts that make it to the top. It's also discussion posts and memes that can push ideas in certain directions. + +I also made this post because in recent discussions with friends about GME, they have all told me that it's insane and probably a cult. They didn't care about the good DD, they only cared about the bad shit that is posted. If the strategy is to **BUY** and hold then only have the strategy is really working as many people outside this sub won't give a shit because of insane theories. + +All we're doing is giving the actual shills and hedgies ammo to use against us. It doesn't take much for hediges to grab something and publish it to discredit the entire community. Soo I'm asking people to please be more diligent with the sub. Question posts without sources, if there are sources demand page numbers, if there are no sources then downvote! This goes for DD, Discussion, News, etc. Push bad DD back down. + +I'm also asking mods to enforce their duplicate post rules more aggressively or just create megathreads. Just today the mod is chock full of weird ass FUD posts that are low effort and + +&amp;#x200B; + +**TL;DR** + +* Expect more of DD and posts and hold them to a higher standard regardless of who they are. +* Downvote posts with no sources. +* Read the filings and learn what things mean! +* Think about where theories come from. +* Even good intentioned posts can have misinformation. Call it out! +* **BUY AND HOLD (I don't know how to do emojis so imagine some rocket ships here).** + +EDIT: + +Just to add in an even more recent example of exactly what I’m pointing out in this post. The [new Daily Post](https://www.reddit.com/r/Superstonk/comments/myuecm/superstonk_daily_04262021/?utm_source=share&amp;utm_medium=ios_app&amp;utm_name=iossmf) just included an entire section on the idea that GME is urging people to vote this year. THIS IS FALSE. + +Again, it’s false information getting picked up and spread around. + +The wording is exactly the same as the last few years regarding urging shareholders to vote as soon as possible. I’ve provided the links and page numbers in this post! +Hello! + +I sold 14000 stocks of AMD, and waiting lower price to buy back. + +Instead of waiting for lower price (let's say my plan is to buy back at 35$) can I sell $35 140 puts contracts expiring this week? If it drops below and I get assigned, I get shares that i wanted anyway, and if not, i keep the premium. Did i get this correct? + +&#x200B; + +Thanks! +HashPanda’s mission is to become the most decentralized and fairly distributed meme-token. We pioneered a distribution mechanism which allows us to distribute tokens in a social way, preventing whale-dumps and thus creating a safe-haven asset that can serve as a piggy bank for years to come. Additionally, token holders receive 3% of all transactions, providing the benefit of automatic yield farming. + +HashPanda solves the problem of unfair token distributions and frequent whale dumps. Using DogeCoin as an example: the largest holder owns 28% of all tokens. This holder alone could crash the price by an estimated 96%. + +HashPanda solves this problem by pioneering a social distribution mechanism. This mechanism is responsible for distributing 40% of the allocated PANDA supply to a wide range of token holders (500,000 to 1 million token holders, to be precise), making HashPanda the most decentralized meme-token. + +Panda Meme on BSC +Over 37.000Community Members +Over 290.000 Holders on BSC +Unique Guerilla Marketing +NFT & Meme dApps in development Listed on CMC and CG! More listings coming soon! Giveaways! + +Website: https://hashpanda.com +Telegram: https://t.me/HashPanda +Twitter: https://twitter.com/HashPandaBSC +Buy on PancakeSwapV2: https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x8578Eb576e126f67913a8bC0622e0A22EBa0989A +Contract: 0x8578Eb576e126f67913a8bC0622e0A22EBa0989A Chart: https://coinmarketcap.com/currencies/hashpanda/ +I am getting forced to take annual leave. The company decided it doesn’t want to have a large liability. But it’s not like I can go anywhere now. Should I just sell it? Or is there a reason why it is not good to sell leave that I am not aware of. +Don't you love those: "due to market conditions we \*have\* to raise rent again..." letters the landlords send you? + +Well markets also go down, don't they. And "due to market conditions: low demand, low income, low everything... we need to lower rents." "To reflect the market". + +I'm drafting a letter to the realestate agents now... only question is: by how much % to reduce to? +Are you renegotiating and to what rate? (The more people that renegotiate the more we effect the market. Spread the word.) + +[https://www.dailymail.co.uk/news/article-8220173/Australian-suburbs-offering-FREE-rent-landlords-hit-coronavirus-downturn.html](https://www.dailymail.co.uk/news/article-8220173/Australian-suburbs-offering-FREE-rent-landlords-hit-coronavirus-downturn.html) +Just a shout out to fellow redditors who are following this 2 traders. Pls wave 🙋🏻‍♂️ if you're one. + +Especially those who have traded this system for a while, good if you can share some tips or how you have adopted changes for long term success. +First open a IBKR account then buy one share and DRS it. + +Now buy the same amount of shares in your IBKR as you have in your Etoro account, borrow from friends family or bank if you don't have the cash, you will only need to borrow the money for 1 week so shouldn't be a problem. (If you only can borrow half the money no worries, you can do this in two turns but you will need to borrow the money for a few extra days.) + +Now what you do is as soon as the money is in your IBKR account you buy your x, xx or xxx shares on there and in the same second sell them on Etoro. (If you do it during a mini run-up you can even make a few extra shares by hover-handing the sell button for 10 secounds.) Now weight 2+ days and take the money out of Etoro and pay back the money you loaned. Now wait for your CS letters and DRS everything from IBKR to CS. + +Even if there is no way for you to do this in any form, in my opinion it is worth just selling it all in Etoro and buy back in IBKR. Even \*\*IF (\*\*and it's not a given) it would mean losing a share or two it is most definitely worth it. **Because fuck em thats why!** + +**Easy peasy hedgy squeasy!!!** + +&#x200B; + +**EDIT:** Just to clarify, selling GME shares in this fashion will NEVER help the HFS, or make GME dip in any way or form. Absolute worst case scenario, it would be a zero sum game where you sell AND buy for example 100 share at the same time. More likely though is that your "shares" in Etoro have never seen a lit market. So by selling them there and getting them to CS will ad 100 to the lit market and never put any sort of down pressure on GME, only UP! +"We couldn't be further away from a bubble, " says Cathie Wood, in a CNBC appearance, of the recent bearish sentiment, and short interest regarding ARK Invests actively managed ETFs. + +When asked what the message should be to the short community around ARK, Wood stated: "I don't think we are in a bubble, which is what I think many bears think we are." The areas which blew up back during the tech and telecom bubble are now beginning to flourish. + +Five of those areas, according to Wood, are DNA sequencing, robotics, energy storage, artificial intelligence, and blockchain technologies and they are barely off the ground Wood mentioned. + +Wood also continued to expand on her stance around deflationary pressures and how ARK believes the energy and financial sector along with the auto industry are in harm's way as they are all behind the innovation eight ball with the expansion of electric vehicles and digital wallets. + +s eekingalpha.com/news/3732402-cathie-wood-i-dont-think-we-are-in-a-bubble-which-is-what-i-think-many-bears-think-we-are +Hello all, + +I'm a 35 year old software developer and I've finally been able to save up enough for a £20,000 down payment to get on the housing ladder for the first time. I was looking at properties a year ago as I was finally getting close to a down payment, and the market looked fine. I look at it now however and things don't look so good anymore. There are less than half a dozen properties available at any given time, they seem to go immediately, and they are drastically overvalued. + +One property I thought looked nice was listed yesterday, I called to book an appointment for tomorrow, and within 2 hours of making that appointment I got a notification that the appointment was cancelled because the property has sold. The property was purchased in September 2020 for £175k, and was listed for £210k now... and it sold in less than 24 hours. + +More than half of the properties I see go up for sale were sold in the last year or 2 with a huge markup and no work done. It feels very much like 2008, and I'm worried that if I buy a property there is going to be a crash and it's going to destroy me financially. + +At the same time, I desperately want to stop renting. I'm burning £775/month in rent right now, and I'm not sure if it's worth continuing to just light that cash on fire, or if it's more beneficial to buy a property in this horrible market, possibly facing a major crash. + +Am I being overly concerned? Should I just wait on buying a home? If so, how long should I wait? + +I appreciate any advice you can give. +I would love to see the satifisfying smile on Hal Finney’s face as „his“ Bitcoin is paving its way to become an accredited and established financial network as well as storage of wealth. + +Dear Hal, your Bitcoin just cracked the $34k barrier! You and your friends have kicked off a fukcing revolution back in 2009. Sadly, in 2014 you [passed away](https://www.coindesk.com/bitcoin-pioneer-hal-finney-passes-away) far too early due to your ALS disease 😔 You never witnessed how big and strong your baby actually got. + +Today is the 12th birthday of Bitcoin. [Hal Finney](https://en.wikipedia.org/wiki/Hal_Finney_(computer_scientist)) was the [receiver of the first BTC transcation](https://www.coindesk.com/satoshi-nakamoto-hal-finney-emails), sent by Satoshi Nakamoto on January 12th, 2009. + +Many community fellows, including myself, are advocates of the theory that Satoshi Nakamoto actually sent that very first Bitcoin to _himself_. Hal Finney and Satoshi Nakamoto _might_ be one and the same person ([Source](https://hedgetrade.com/who-is-satoshi-nakamoto/)). + +Anyways, no matter if he really is Satoshi or not, I would like to say thank you to a wonderful and great human, whose achievements and engagements can’t be appreciated enough ✨ +[Link to imgur](https://imgur.com/a/lsXfxSx) + + +**HOW I USE THIS:** + +1) All the stocks identified in the table are qualified as “BUY” opportunities. + +2) I focus in the column “Success Rate(3m)” which shows the precision of the agents in the last 3 calendar months. I personally feel most comfortable with Rates 0.8 or higher. + +3) Then, I see the number in “Tx(3m)” which represents the number of transactions that the agents predicted for this stock in the last 3 months. I prefer stocks that have had at least two transactions during this period. + +4) Finally, I look at Growth(3m), if the agents have had a considerable growth (>5% in 3 months) then I follow that trade. + +5) If a row in the table is colored green then it means that stock has been on the rise today so I purchase it immediately in order to ride the wave up. On the other hand, if the row is colored red, then I wait out until very close to market close to purchase the stock and let the price bottom out before climbing up again tomorrow. + + +6) After I purchase the stocks, I ALWAYS set a stop loss order at -2.5% from my buying price valid for the day. I think this is good hygiene, no matter how confident I am of my system, I still want to make sure that my losses are capped. I update this stop loss order every day. + + +**BACKGROUND** + + +I am not a financier or economist. I am electrical engineer with equal passion in artificial intelligence and financial markets. For the past 2 years I have been working on a system that would make short term predictions of stocks. The system is rather complex, I use multiple layers which include: Convolutional Neural Networks, LSTMs and Genetic Algorithms. All bulked together produce an output like in this image. The way to interpret the image is a follows: Symbol and Date columns are self explanatory, Quorum refers to autonomous agents that decide whether to BUY/NOT BUY or SELL/HOLD a stock. Each symbol has 9 agents, and the Quorum column, counts the number of agents that recommend Buy, Selling or Holding the stock. The “Not Owned” column means: if you don’t own this stock then you should … The “Owned” column means: if you own this stock you should HOLD or SELL. The column “Growth(1 Year)” refers to what what has been the growth of this system of Agents in the past calendar year. The column “Tx(1Yr)” shows the number of full transactions that these agents recommended in the last calendar year. “Factor” is just the division of Growth divided by Transactions to get the average growth per transaction. Finally “Success Rate” shows how successful these agents have been in their recommendations in the past calendar year, success 1 means 100% successful, 0.5 means 50% successful, and so on. + +Many people have been curious about the actual process that the system follows, so here it is: for every symbol (600 stocks are analyzed daily), we get the full stock data (open,close,high,low,volume) for the past 4 months. Each stock is associated with another set of “lookalike” stocks as well as major ETF’s. This initial dataset is run through a convolutional layer that extracts an undisclosed number of features. These features are then passed onto a recurrent neural network (LSTM) where sequences and patterns are extracted. The LSTM then spits out probabilities for the likelihood that this stock will have a positive, negative and neutral tendency in the next N days. These probabilities are then fed to a genetic evolution system (GES). This system essentially checks the predictions for the past N days and compares them with reality, following that the systems knows which predictions are performing the best. Once the system knows which stocks are being simulated the best, then the system automatically finds which of these best performing stocks have the biggest potential for the next few days. The system does not output explanations, unfortunately us humans are not capable of understanding (or visualizing) a problem of this dimensionality, for example the LSTM part alone works with over 10 million dimensions, not features but dimensions. + + +You can follow my picks on twitter @ladybaybee1 +Nearly 4 years ago, I submitted a [post to this sub](https://www.reddit.com/r/personalfinance/comments/1vvqgy/read_this_before_thinking_about_touching_your/) imploring people to think about the financial ramifications before touching their retirement savings. I urged people to consider the power of compounding and the wonders it can produce if allowed to work its magic. Also within that post, I mentioned that I strived to become a 401k millionaire someday, and this week, thanks to years of consistent savings and a long bull market, that goal [has come to fruition](https://i.imgur.com/ihNtSod.png), at the ripe age of 45. The following table shows my annual out of pocket contributions, and below that I will share my story. + +Year|Employee 401k contribution| +:-|-:| +1995|2,800| +1996|6,100| +1997|8,800| +1998|9,900| +1999|10,000| +2000|10,500| +2001|10,100| +2002|10,300| +2003|12,000| +2004|13,000| +2005|14,000| +2006|15,000| +2007|15,500| +2008|15,500| +2009|16,500| +2010|16,500| +2011|16,500| +2012|17,000| +2013|17,500| +2014|17,500| +2015|18,000| +2016|18,000| +2017|17,000| +**Total**|**308,000**| + +First, I want to iterate that I do recognize how fortunate and privileged I am to be able to achieve this milestone. I am extremely lucky to have been born without any major disabilities or health issues, and I am very grateful to be able to participate in a society where the opportunities and resources to achieve personal successes exist. Furthermore, I believe I was lucky to have been born into extreme poverty, for it ignited a fire within me to do everything within my power to escape my circumstances. I refused to allow my situation to define me, and I focused my time & energy on the things within my influence to improve my life. + +Because I grew up in poverty, I've held a job in some form or fashion since I was 10 years old. The ones I worked in my youth were tedious and low paying, but they taught me to not be afraid of hard work. They also motivated me to find better & higher paying jobs, and to that end I pursued getting my education since I lacked any special gifts or talents for earning a lot of money easily. My youth was not like that of most people I know. It was comprised entirely of school, work, and study. There was little time for leisure, and even during school breaks I would borrow books for the subsequent semester to get a jumpstart on the material. Thankfully the effort paid off, and I was able to do well enough in school to qualify for some scholarships for college. I went to the cheapest institution I could find, and when choosing a major, I decided to pursue engineering as it suited my strengths in math & science *and* offered careers with higher earning potential, as opposed to one that simply followed my passion (art). + +Upon graduating college (with around $10k in student loans), I landed my first professional job, which paid a handsome annual salary of $28k. I continued living intentionally and aligned my actions to my values & priorities. As Dave Ramsey is known for saying, "live like no one else now, so later you can live like no one else". I was accustomed to living in poverty, so I knew how to survive on a lean budget. Achieving a financially stable and secure life was more important and rewarding to me than stuff I could accumulate or luxurious experiences I could buy, which allowed me to avoid the YOLO mentality and FOMO mindset. Also, as a Gen X-er, I started my career in an era of disappearing pensions and the advent of outsourcing/offshoring. I watched good paying, stable jobs disappear overnight, and loyal, long term employees left suddenly without the incomes and secure retirements they had come to expect. That motivated me to treat my income like lottery winnings, and maximize my savings rate to ensure that I never had to worry about relying on a job for survival or face the prospect of being in poverty again. + +I wasn't the most knowledgeable investor, and didn't learn about low cost passive index funds until my late 30s. However, I was fortunate to work for a company early on in my career that explained the power of compounding and the benefits of tax advantaged savings, which encouraged me to participate in my 401k program. I knew I had a long investing time horizon, which helped me to develop a high risk tolerance and feel comfortable with putting most of my contributions into equities. I ignored short term market volatility (which many of my coworkers had trouble handling during the 2000 and 2008 recessions, to their unfortunate detriment), and as I gained work experience & skills I strategically job hopped to pursue higher income opportunities. I looked for jobs with solid 401k benefits, such as low fees and generous employer matching, so that I could continue to take advantage of that savings vehicle. + +Achieving any long term goal requires consistency and discipline, and the ability to break it down and attack it one small bite at a time--while keeping an eye on the larger prize. It's no different for finances, and each of us has to decide if it's worth making some trade offs today in order to have a brighter and more abundant tomorrow. I've had some people tell me that it's important to enjoy the present, as there is no guarantee that there will be a tomorrow. However, the reality is that tomorrow will likely come for most of us, so it's prudent to plan for it. +"Bitcoin is a store of value" - this is something I see being repeated over and over again in both here and /r/ethereum. The funny thing is that usually the people who say that are holding BTC and hoping it will greatly increase in value. + +Let's say I was holding BTC and waiting for it to go to $2000 - a pretty modest figure compared to the $10k and $100k some people have been predicting for long. Let's say I think the probability for that is 50%, which means not that bullish compared to most crypto speculators. + +Since I don't possess any supernatural powers or some other source of higher intelligence, I shouldn't expect that the rest of the world hasn't realized the upside potential that I'm seeing. Therefore the upside potential has to be balanced by great downside potential. + +Since the probability for going up to $2000 was 50%, there would have to be a 50% chance for it to go to 0 for the risk and reward being balanced. But as we can always expect some return on investment, and I consider myself at least slightly better informed about this field than most investors out there, let's say 50% chance to go to $200 instead of 0. That would already make a great expectation value for investing in BTC. If it was any sweeter, people would be buying more and the price would already be higher. + +So how does this fit in with BTC (or any crypto) being a "store of value"? Well it doesn't. Same applies to ETH of course. All cryptos are extremely speculative with huge downside potential. + +EDIT: I still think ETH is a very good bet, and one of the best if not *the* best in crypto, but not a "store of value" at least for now. +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include but are not limited to general discussion, details related to events of the day, technical analysis, and minor questions. +- Important content should be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + +This detective work is a little less technical though... + +Was watching [this](https://www.youtube.com/watch?v=TlORst8bUvA). A podcast by businessmen Peter Schiff. Schiff has previously mentioned Bitcoin and Ethereum though he isn't a fan of cryptocurrency he's certainly given Ethereum more cred in the two or three times he's mentioned them both. + + +Was reading [this](http://www.zerohedge.com/news/2017-04-10/200-lines-code-will-disrupt-multi-trillion-dollar-industry?page=1). A article reposted by zerohedge but originally from [here](https://www.sovereignman.com/trends/200-lines-of-code-will-disrupt-this-multi-trillion-dollar-industry-21252/). This author of this article references the blockchain and I think we can all agree indirectly talks about Ethereum. + + +Now for the interesting bit. Both of these guys went to a 'high end investment conference' that was on a cruise ship last week setup [here](https://realestateguysradio.com/summit/) and both of them know about Ethereum. This suggests to me that crypto was one of the 'high end investments' that was discussed by a fair few number of these investors. These guys are talking about about a real-estate market worth trillions, a gold market worth trillions, a stock market worth trillions and here we are worth 4 billion. + + +What's the bet there was no talk about Ethereum at the last Summit at sea?. I reckon we're just warming up here. +This was an emotional trade for me, I've done nothing but buy and HODL crypto since 2014. I made a good sized purchase of ETH in 2016 and the thought of parting with any of it was very emotional for me. I've been through a massive bear market and dozens of huge swings. I just think the markets are going to continue to drop this year and it's going to be a year or two until we start seeing regular green candles again, and want to be ready to accumulate the next few years. Good luck out there! +Welcome to the Daily Altcoin Discussion thread of /r/EthTrader. + +*** + +The thread guidelines are as follows: + +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- This thread is intended as a welcome place for discussion of all non-Ethereum related crypto. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +What is your view on Ethereum based ZCash. Will this drain XMR for a bit? IMHO use cases are more important than tech alone. So it probably would take a while before ZCash is a serious competitor of XMR +As the title says. I tried to get a refund from Bulb's website for around £300 but the Bulb website refuses to give any refund saying: To get a refund, your account needs to have enough credit to make sure you don't go into debit during the year. + +Is it worth taking it up with Bulb (their chat service never works) or should I just lower my monthly payments to zilch? +Recently, I saw a quote from Pokémon here. A quote that can be applied to crypto as well. *“You can’t lose if you buy them all!”*, whether the guys are joking or they’re serious, let’s Iook at the numbers. + +I managed to find a [snapshot from 04/23/2017](https://coinmarketcap.com/historical/20170423/) 4~ years ago to calculate the numbers and percentages, to see where we would be standing, if we invested lump sum of money (20$) into every coin from TOP 50. Is that Pokémon legacy working? Let’s take a look at the numbers. + +**NOTE: The numbers that are being used, might not be 100% accurate. If you’re mobile user and you can’t see the %, just swipe on the chart. If you find any mistakes, just let me know and I will correct them :)** + +Shortcut | Name of the coin | Amount today | % +:--|:--|:--|:-- +1.**BTC** | Bitcoin | 878$ | 4293% +2.**ETH** | Ethereum | 872$ | 4260% +3.**XRP** | Ripple | 835$ | 4077% +4.**LTC** | Litecoin | 308$ | 1541% +5.**DASH** | Dash | 85$ | 328% +6.**ETC** | Ethereum Classic | 215$ | 976% +7.**XEM** | NEM | 238$ | 1.091% +8.**XMR** | Monero | 325$ | 1627% +9.**REP** | Augur | 64$ | 218% +10.**MAID** | MaidSafeCoin | 98$ | 391% +11.**GNT** | Golem | 72$ | 260% +12.**DCR** | Decred | 281$ | 1307% +13.**ZEC** | Zcash | 68$ | 243% +14.**BCC** | BitConnect | Hey hey heeeeeey! | Memes forever ! +15.**PIVX** | PIVX | 24$ | 20% +16.**FCT** | Factom | 8$ | -58% +17.**Strat** | Stratis | 68$ | 240% +18.**DOGE** | DogeCoin | 16 997$ | 84 889% +19.**WAVES** | Waves | 567$ | 2 736% +20.**STEEM** | Steem | 87$ | 335% +21.**USDT** | Tether | 22$ | 9% +22.**GAME** | GameCredits | 6$ | -70% +23.**DGD** | DigixDAO | 438$ | 2 093% +24.**LSK** | Lisk | 295$ | 1 376% +25.**ICN** | Iconomi | 148$ | 642% +26.**SNGLS** | SingularDTV | 10$ | -50% +27.**BTS** | BitShares | 190$ | 854% +28.**XLM** | Stellar | 2 896$ | 14 384% +29.**BCN** | Bytecoin | 103$ | 417% +30.**ARDR** | Ardor | 281$ | 1 308% +31.**ROUND** | Round | 0$ | -100% +32.**GBYTE** | Obyte | 14$ | -28% +33.**1ST** | FirstBlood | 433$ | 2 068% +34.**PPC** | Peercoin | 23$ | 16% +35.**RLC** | iExec RLC | 162$ | 714% +36.**NXT** | Nxt | 70$ | 250% +37.**SJCX** | Storjcoin X | 0.12$ | -99% +38.**LKK** | Lykke | 1.8$ | -92% +39.**EMC** | Emercoin | 8$ | -59% +40.**SC** | Siacoin | 1 113$ | 5 469% +41.**MLN** | Melon | 62$ | 213% +42.**ARK** | Ark | 208$ | 940% +43.**KMD** | Komodo | 339$ | 1 598% +44.**SYS** | Syscoin | 257$ | 1 188% +45.**NXS** | Nexus | 84$ | 321% +46.**XZC** | Zcoin | 33$ | 66% +47.**NLG** | Gulden | 13$ | -34% +48.**XAUR** | Xaurum | 3,4$ | -83% +49.**CRB** | CreditBit | 0$ | -100% +50.**NMC** | Namecoin | 52$ | 160% + + +From all of the top 50 coins, 12 are negative in red, or not existent anymore (one of them is still in our hearts, looking at you Carlos), while 38 are positive, up in green! The order of these coins is exactly the same as it was in 04/23/2017, based on their market cap. Some of these coins rebranded or renamed themselves. For example: Zcoin is now Firo. + +I know that hindsight is 20/20, but I found it quite awesome to see and share, how most of the coins are even after 4 years still in green with many Xs. In conclusion, if you tried to follow a *“You can’t lose, if you buy them all!”* or *“Gotta catch ‘em all!”* Pokémon legacy quote, you would be in green. The initial investment of 1000$, spread out at every coin from Top 50, by 20$ each would now be worth approximately ~29.200$ + +Good job crypto trainers! Thanks for coming to my cryptopoké talk. + +For the calculations I used www.costavg.com and www.criptomo.com +2 years ago I was doing nothing but borrowing money. I had a shitty car and barely made it. + +I took what you guys say to heart and turned that around. I was doing way better and had a savings but it still wasn't perfect. + +So I've taken a whole different approach to my finances this last couple months,I'm really noticing a change in my ability to enjoy life. + +4 months ago I started doing Instacart along with my full time job and school. I made a lot of money but I also ended up wasting a lot of it. I splurged on coffee, expensive date days, dinners and more. I was happy but it wasn't efficient. Not to mention the immense stress it put on me. + +2.5 months ago I rebudgeted everything, cut costs and made my day to day life more efficient. Less Starbucks, more aeropress. Less eating out more packing lunch,etc. + + I started saving over 40% of my income as an emergency fund, started my 401k, started investing and even more recently setup a second savings account for backup purposes. + +I do all of this while working less hours than before. + +Last week I took my Girlfriend to Disneyland and paid for almost everything, and j managed to do so without touching my savings at all. I consider that a huge accomplishment. + +As I look to move out sometime this year, or maybe even as late as 2017, I am working tirelessly to make sure I have this finance thing figured out. I have a lot to learn, and I want to ensure I can take on any potential burdens with finding my own place. + +It's a log road ahead, but I keep chugging forward. + +2016 is going to be a great year. +Back by popular demand, here is the 2021 update of my tax planning spreadsheet. Previous threads for context: + +[Original Thread](https://www.reddit.com/r/financialindependence/comments/3xtxz2/tax_planning_spreadsheet/) + +[2020 Update](https://www.reddit.com/r/financialindependence/comments/kn4q1h/tax_planning_spreadsheet_2020_update/) + +***Limitations:*** + +* It is build with my personal situation in mind (single filer, state of Ohio, doesn't take into account deductions/income that I do not have) but it can be easily tweaked to match your individual situation +* There may be errors or bugs in how things are calculated even though I tested it for several years of data +* I've neglected the student loan interest calculation (so it not working properly) since I'm long past having used it +* Obviously if something changes in the tax laws with BBB, I will have to build that into the file + +[Link to spreadsheet](https://docs.google.com/spreadsheets/d/1RIt5ydgSqfdU3guAGFJArAprG79muWIXenB3Wm_0zJY/edit#gid=2146184593) +I honestly love the fact that I can deny access to some of my data thanks to Apple iOS. But: isn‘t it scary that Apple can protect my data just like that with a button when all the world‘s regulation (e.g. GDPR in Europe) could not? + +Source: +https://www.cnbc.com/amp/2022/02/02/facebook-says-apple-ios-privacy-change-will-cost-10-billion-this-year.html +It seems pretty clear that WS only have one more play left. The estimated earnings is set super high as to "fail". The insane shortening taking place right now and the strange covering GME is having this week on MSM, saying that GME's earnings report is all of a sudden the most importent thing in the financial world. All points to one last "shake off campaign" to get all the badly informed retail investors to fuck off. The play is to have retail sell as many shares as possible before they have to start buying them back. + +This is bullish as hell! **Just keep buying, DRS and hodl you beautiful Apes, the end is nigh.** + +EDIT: I see the earnings report might not be set as high as I thought. It still seems sus as fuck that MSM is trying to get the whole world to look at it. It seems highly unlikely that they just change their tune and are now rooting for GME. +Whenever there's a large upside or downside move in the markets, everyone's thoughts are, "Why did the markets go up/down today?" + +And there are a myriad of reasons why. But at the end of the day, the simplest and truest answer is, "Because there were more buyers than sellers" (or vice versa). + +Apple's earnings yesterday was definitely a sigh of relief for investors, cinching a much needed win in this week of big-tech earnings misses. + +However, does it deserve a ~8% upside move in a single day? I don't know, but that's a $200 billion move in market cap, larger than any company outside of the top 50 largest companies globally. Don't quote me on this, but I think this is probably the biggest percentage day gain for $AAPL in more than 10 years. Interesting. + +Some folks think the move was exacerbated by today being EOY for mutual funds, so maybe there's a large one-sided buying skew from big fund positioning. Other folks think that it's just another day of a gamma-squeeze with 0 DTE calls being hammered all day long. Maybe the earnings was really THAT good in the grand scheme of big tech earnings misses this quarter. At the end of the day, trying to find rhyme or reason for moves on a single day basis will drive you mad. Trying to find rhyme or reason for moves on a weekly basis will also drive you mad. + +With all that being said, what's peculiar about this situation is that $AAPL now is the most expensive it's ever been relative to the NASDAQ 100. While trying to find reasons for moves in markets is impossible, what is understandable is the ebb and flow of markets during a bear market. Similarly to the dot-com bubble, you had the trashiest stocks implode many months before the rest of the market tanked. Before full capitulation happened, there was a flight to safety in big-cap tech stocks as well. In bear markets like these, it's human nature to preserve what you have and "fly" to safety. Apple is the safety net everyone is flocking to, and I believe it will be painful. + +Full disclaimer, I've been bearish all year, but bullish over the past couple weeks. Earlier this week I actually thought THE bottom might be in for markets, and the worst had probably come. But today's move in $AAPL has changed my view and I now believe there is still one last shoe to drop soon in the markets. + +There is currently a bubble in "safe" value large-cap stocks, and I believe this cohort will drive the overall market lower over the next few months. Apple is the ring-leader, but there are several others that at interesting valuations. (I personally think buying beaten-down growth tech is much more attractive than these). Altria ($MO) 47 P/E, Clorox ($CLX) 38 P/E, Kraft Heinz ($KHC) 38 P/E, Colgate-Palmolive ($CL) 32 P/E, Hershey ($HSY) 30 P/E, PepsiCo ($PEP) 26 P/E. These are brands we all know, and they are trading at eye-watering levels, driven by a "flight to safety" by big funds who have no choice during this year's turmoil. + +I think the moves in these "value" stocks can be attributed to a single philosophy that I've heard from folks who were fund managers in a different generation. "You won't be fired for buying IBM". Underperforming the benchmark because you invested in risky stocks like $CVNA and $W? Fired. Underperforming the benchmark because you invested in quality stocks like $CLX and $PEP? You'll still have your job. + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules. + +**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Flair Links + +[📚 Due Diligence](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Due+Diligence%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📚 Possible DD](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Possible+DD%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💡 Education](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%A1+Education%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) |[📈 Technical Analysis](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%88+Technical+Analysis%22&restrict_sr=on&include_over_18=on) | [🗣 Discussion / Question](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%97%A3+Discussion+%2F+Question%22&restrict_sr=on&include_over_18=on) | [🤔 Speculation / Opinion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%94+Speculation+%2F+Opinion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💻 Computershare](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%BB+Computershare%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📰 News](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B0+News%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🤡 Meme](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%A1+Meme%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [👽 Shitpost](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%91%BD+Shitpost%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📳 Social Media](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B3Social+Media%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [☁ Hype fluff](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%98%81+Hype%2F+Fluff%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [HODL 💎🙌](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22HODL+%F0%9F%92%8E%F0%9F%99%8C%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) + +You can also find the main flairs in the sidebar on New Reddit and under the "About" page on mobile. + +**Mod Flairs** + +[📣 Community Post](https://old.reddit.com/r/Superstonk/search/?q=flair%3A%22%F0%9F%93%A3+Community+Post%22&include_over_18=on&restrict_sr=on&t=all&sort=relevance) | [📆 Daily Discussion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%86+Daily+Discussion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🏆 AMA](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%8F%86+AMA%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🚨 Debunked](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%9A%A8+Debunked%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📖 Partial Debunk](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%96+Partial+Debunk%22&restrict_sr=on&include_over_18=on) | [🔔 Inconclusive](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%94%94+Inconclusive%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [⌚ Pending Review](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%8C%9A+Pending+Review%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🥴 Misleading Title](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A5%B4+Misleading+Title%22) + +**No CS/DRS Mode** + +[New Reddit Filter](https://www.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) | [Old Reddit/Mobile Filter](https://old.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) + +To filter out CS/DRS posts, click the links above or type `-flair_text:"💻 Computershare"` into the search bar. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +A data scientist here. Recently developed a tool that analyzes options flow from the entire day to make short term predictions of 1-5 days. Wanted to share some of the alerts for the next week with you folks. Please let me know if this is something that everyone likes here and if I should continue it. + +The tool is still new so please be careful with all the alerts. **I would recommend paper trading these for a few days and doing your own DD as well**. The overall accuracy is around 60-70% which means it can make mistakes. Happy to talk more about how the tool works. + +Bullish means the stock is expected to move up more than 1% from the current close at least 1 day in the next 1-5 days. Bearish means the stock is expected to stay the same or go low in the next few days. The definitions are a bit loose but the stock usually makes a decent amount in reality. + +# Bullish Alerts + +**$BABA** \- Bullish probability of 84.3%. This fell right at the 50 moving average which usually acts as a support for a stock in uptrend ([https://i.imgur.com/zHVQEAV.png](https://i.imgur.com/zHVQEAV.png)). + +**$CHWY** \- Bullish probability of 75.1%. Again, a beautiful setup especially if it falls on the support at $52 and starts to bounce back ([https://i.imgur.com/87PRrBI.png](https://i.imgur.com/87PRrBI.png)) + +**$MSFT** \- Bullish probability of 71.0%. As long as this stays above the support of $210, this is a good setup ([https://i.imgur.com/ap3wpn1.png](https://i.imgur.com/ap3wpn1.png)). Otherwise, it might fall down hard because of the gap. + +**$TWLO** \- Bullish probability of 67.2%. This is only a decent setup if it stays above the support of $245. Bad setup otherwise. However, the tool is bullish, so I have got to go with that. ([https://i.imgur.com/mBjDqeT.png](https://i.imgur.com/mBjDqeT.png)) + +# Bearish Alerts + +**$SPCE** \- Bearish probability of 88%. This was predicted to be bearish about a week ago and it has gone down a lot. Continue downward trend if it can break the support at $17 ([https://i.imgur.com/jwH4yyu.png](https://i.imgur.com/jwH4yyu.png)) ([https://i.imgur.com/78hHgpw.png](https://i.imgur.com/78hHgpw.png)) + +**$AAL** \- Bearish probability of 87.5%. I **would be careful** with this setup since the price is forming a bullish triangle. If it breaks the 13$ level, get out immediately as that is a good resistance level ([https://i.imgur.com/vCnsdc9.png](https://i.imgur.com/vCnsdc9.png)) + +**$SRNE** \- Bearish probability of 86.9%. This is the third alert from the tool and I've failed twice with this alert. So I would encourage you not to follow this. But I trust the tool and I think this is going to get down at some time. + +**$JPM** \- Bearish probability of 85.3%. This is a good setup if it touches the resistance and comes back from $99.7 level ([https://i.imgur.com/RCEvRes.png](https://i.imgur.com/RCEvRes.png)) + +**If you don't like these alerts, please don't be a hater, just ignore them. They are not perfect and I know that.** + +Happy to chat more about how everything works. Please do let me know if this is something folks here would want on daily basis. Here is a spreadsheet that contains results from the week before last ([https://docs.google.com/spreadsheets/d/1fT2P9JKxmnyZFFXEOl9QWBsqAqzTwYi-UXSPJ2InECw/edit?usp=sharing](https://docs.google.com/spreadsheets/d/1fT2P9JKxmnyZFFXEOl9QWBsqAqzTwYi-UXSPJ2InECw/edit?usp=sharing)) +Even with unemployment in the double digits, Sydney and Melbourne property have barely changed. Realistically, would it ever happen? If so, what is the scenario under which it would happen? +An American data scientist unveiled in the mainstream media yesterday the results of an investigation she conducted on the early days of Bitcoin during the 2009 to 2011 period. It's fascinating: according to her, 64 individuals controlled virtually all of the mining at that time, and they could easily have attacked the network, but chose not to. + +This study raises questions about the decentralization of Bitcoin in its early years. We know that the community was much smaller back then, but it's impressive how tiny it was. + +The scientist, Alyssa Blackburn, used "leakage information" to come up with this result. Here's how *The New York Times* reported her methods : + +&#x200B; + +>Aggregating multiple leakages, Ms. Blackburn consolidated many Bitcoin addresses, which might have seemed to represent many miners, into few. She pieced together a catalog of agents and concluded that, in those first two years, 64 key players — some of whom were the community’s “founders,” as the researchers called them — mined most of the Bitcoin that existed at the time. +> +>“What they figured out, just how concentrated early mining and use of Bitcoin was, that’s a scientific discovery,” said Eric Budish, an economist at the University of Chicago. + +Some might think this is bad news, but I disagree. For one thing, it proves that serious scientific researchers are interested in blockchain and its usefulness (by the way, Alyssa Blackburn herself says that she is cryptocurrency agnostic, and she says that her research can help make the network more decentralized). + +It also shows how far we've come since 2009. Today, it would be unthinkable that a single person - or a small group of people - could carry out a 51% attack against Bitcoin. + +Finally, it proves that the early adopters cared about the health of the network. + +Contrary to what no-coiners love to think, cryptocurrency and blockchain is a new and fascinating technology, and that study proves it. Real scientific progress is being achieved because of it. “The techniques used to extract information are interesting", said Jaron Lanier, a computer scientist. Studying blockchains lead to new techniques, which is a scientific progress. + +What do you think about this discovery? +Haven't been in-store a long time, like since way before the mini-sneeze. Popped in 30 min after opening. Store looks nice. I got a red Pizza Planet hat for myself, because I love Toy Story, and some Halo socks for my girlfriend. + +There was one lonely young employee there. I talked with her a while. + +She confirmed for me that corporate was sending its people through the stores to see how things run in retail. I'm happy to hear that. + +I didn't have the heart to ask what she was making for wages. But I did ask her what she thought of her work. + +She said she tries to be proud of where she works. That seemed half hearted to me. I asked what bugs her. + +She said "Well, the company upcharges a dollar or two for items sold in-store that go for less online." + +I didn't think that was such a big deal. What's a dollar? She said "Kids come in. They look online at prices and they only have so much to spend. Sometimes I can't get them what they want because of the upcharges." + +That hit me in the heart because I remember looking longingly at everything in GameStop as a kid and not being able to afford any of it. We were on food stamps, there was no GameStop money. + +I know you all are doing a lot of gift cards for employees, and pizza, and such + +Maybe the next time you pop into a retail store, you could buy a preloaded gift card, and ask management to keep it in the register for things like that. A lot of kids will get what they want for just a little money. They're short a few bucks each, you know? Not a lot. + +I'm gonna call the store back and see if I can do that. I'm also going to send this post to Ryan Cohen and see if I get a reply. Doesn't seem right to short these kids. Shorting is bad. + +Thanks for reading. I still love this company and I love you guys for being shareholder activists. I hope you see the opportunity here. +This is purely theoretical question and I just wanted to get some pointers, comments or links to articles (surely someone is discussing this somewhere). Let's imagine 80% of stocks is owned by index funds. Now imagine crisis strikes. Everything is going down. Index funds are going down too, will there be some sort of feedback loop between index funds? Will the crisis be more violent or milder than past economic crises? +Are there any officers here planning on FIRE’ing from the military? If so: +- what’s your rank? +- what’s your savings rate? +-what’s your net worth? +- what’s your plan after retirement? (civilian jobs etc) + + +So my friend recently told me that she met with a friend of a friend of a friend who is FIRE at 26. She's telling me this person now meets with people to teach them how to get financially independent as well. + +My friend couldn't answer some initial questions I had (where is the income coming from, what investments are generating said income) which I get, but I still feel like this is some kind of scam or something. + +Has anyone in this sub experienced something similar? Or have any other good questions I can ask to see if this is legit or not? I don't want my friend to be scammed, but if it is legit I don't want to pass a good opportunity. + +Many thanks, friends + +UPDATE: Texted my friend, she said she just got done reading Business of the 21st Century so it's a definite MLM. We did it Reddit bake em away toys +https://www.cnbc.com/2022/03/10/deutsche-bank-says-not-practical-to-exit-russia-business.html + +Without doing options, my broker knows I am a retard, how can one profit from DB's decision which I bet will be roundly panned. Surely sanctions will force them to divest, for even less. +The expansion of the float to 1B shares, isn't just for a dividend. It's for a merger with BBBY. RC is planning to combine the companies through a stock-for-stock merger. + +What is a stock-for-stock merger? I took this from investopedia: + +*When the merger is stock for stock, the acquiring company proposes payment of a certain number of its equity shares to the target firm in exchange for all of the target company's shares. Provided the target company accepts the offer (which includes a specified conversion ratio), the acquiring company issues certificates to the target firm's shareholders, entitling them to trade in their current shares for rights to acquire a pro-rata number of the acquiring firm's shares. The acquiring firm issues new shares (adding to its total number of shares outstanding) to provide shares for all the target firm's converted shares.* + +*This action, of course, causes the dilution of the current shareholders' equity, since there are now more total shares outstanding for the same company. However, at the same time, the acquiring company obtains all of the target firm's assets and liabilities, thus effectively neutralizing the effects of the dilution. Should the merger prove beneficial and provide sufficient synergy, the current shareholders will gain in the long run from the additional appreciation provided by the target company's assets* + +Why a merger? To better compete with the largest retailer in the world, Amazon. There was DD here last year that implied that wallstreet was shorting companies into the ground so their assets can be bought up for cheap by Amazon. + +RC is beating them to the punch, by investing in these companies before they get crushed, he gets a say in how their companies operate, and where they allocate assets. + +BBBY operates in a completely different market than gamestop does. A merger would put GME in the running with Amazon. + +GMErica is the new company that will be formed post-merger, a direct competitor to Amazon. + +So own shares of BBBY if you like, but if you own GME you already do. + +EDIT: I was expecting this to get buried, just wanted an 'I told you so' if I'm right. + +Also, I'm now in the reddit "controversial club". + +I'm not gonna be reading the comments, because there are too many. + +BUY, HOLD, DRS GME +Just interested to read about your career or educational background in this community. + +I will start. I’m a computer science major, interested in quantitative analysis. +I realized the backtesting frameworks for Python are a bit complex for what I need. Maybe someday I’ll need them, but not yet. + +My google skills have failed me, but does anyone have a simple pseudocode or logic flow to properly backtest a dataframe of a stock, date, and buy/sell indicator? I can probably take it from there. + +I’m open to framework ideas if they’re ones I can just basically plug my dataframe with a trade indicator column into it. + +All I need is something where I can instantiate a new backtester. Specify the config. Plug in a dataframe with a list of dates, ticker symbols, ohclv, and amount of shares purchased and at what price. And finally, I can call the backtester to tell me the results. I’m open to ideas of frameworks if I’m not considering it. I guess I’m hoping for something that works as simply as talib but for backtesting. + +Most of the ones I’ve seen seem to need me to really refactor a bit of my code and build around the backtester. I just want to fully handle the logic of the strategy and let the back tester function much more like a black box that I can swap out for the call to the broker for a live trade. Pretty much, I want to keep this thing very modular and leave my strategy’s logic consistent and not dependent on testing or live. + +From what I’ve seen, sounds like people that want this modular approach end up building their own backtester, no? + +*Edit*: Welp, this wasn't hard. Roll my own it is! Thanks, all! +My last post was removed because it was flagged as a poll, so I restructured the post to follow the rules. Sorry if I broke any rules this time. + +Obviously, there are other reasons to move them money, but if your primary reason is money, please do the math before you decide to move. + +I was recently offered a job for $165k in a HCOL area. I currently make $131k in an average COL area. My wife works remotely so her compensation isn’t a factor in this. + +We spend $73k per year. I track all my spending by category. I took my spending for each category found on this website: + +https://www.bestplaces.net/cost_of_living/city/california/fremont + +and adjusted my current COL in my area to Fremont, CA COL using a little cross multiplication. It revealed that I would have to spend $144k per year to have the same standard of living in my current area spending $73k per year. This means I would have to TAKE-HOME an extra $71 k per year. + +After my current pay of $131k, pretty much everything will be taxed at 38.95%. That means, in order to take home an extra $71k per year, I would have to make an additional $116k of taxable income. In order to have the same standard of living (spending wise), I would have to make my current compensation of $131k + extra taxable compensation of $116k = $247k. + +My point is, even if a job looks attractive, it really may not be if you’re forced to spend so much extra. + +And yes, I know California has the best weather in the world. It might be worth it to cut your spending and investment contributions to enjoy that sun, but you will have to work 20 years longer or more just to do it. + +Does my math look right? Does anyone have counter arguments to this? +Hi! I’m 26 years old and recently began investing. I’ve had a 401k since I was 22 and have contributed about 6% of my income to it (plus company match). I recently started investing a bit through fidelity (VOO). I began in august and have contributed a couple hundred dollars a month and so far have only lost money. Am I doing something wrong? I feel like I should be up overall if I’ve been investing 6+ months. Please go easy on me I’m still learning!!! +I was really panicked by recent events but still doing my best to HODL. + +Are there any brothers or sisters of mine in this situation? + +Asking just to feel that I'm not alone in this and to get some motivation to HODL. +I was really panicked by recent events but still doing my best to HODL. + +Are there any brothers or sisters of mine in this situation? + +Asking just to feel that I'm not alone in this and to get some motivation to HODL. +Just thought I'd share the conversation, I made a bit of small talk with him and mentioned bitcoin and asked what his thoughts were with his country launching BC. He was very excited, he said he doesn't own any crypto, but that he thinks it will be great for his country. + + +The main points he brought up + + +- A lot of people send money back home from abroad, and the transfer fees are outrageous. He just recently sent his brother 100$, and after fees and everything it cost roughly 150$. + + +- He said that it's all US dollars, which makes it difficult because money is constantly coming in and out of the country, and with a government backed bitcoin, it will help keep transactions in the country. (He was really excited about this but I don't fully understand why). + + +- He mentioned that a lot of people don't have bank accounts, and they will sell things on the street etc, and that they get proper fucked when trying to bank. + + +- I asked him if he thought it would actually be widely adopted, or if it was just a niche thing that some people will use. He thinks it will become widely adopted fast, him and all of his family are really eager to start using it. Especially so he can send money back home without the outrageous fees. + + +- He said that it will be great for latin american countries, and that he has heard many countries are looking into it. + + + +At the end of the day, who funkin knows how it will pan out. This isn't a pump or a dump, it was just cool to hear about his take. He seemed REALLY stoked about it, it kind of surprised me. It was interesting to talk to an El Salvadorian in Canada and hear his thoughts. Especially the parts about how expensive it is to send money back home, and how it is hard to keep US currency in El Salvador (Still not fully sure the implications of that, or how having bitcoin in El Salvador vs US dollars constantly coming in and going out is bad). + + +Fingers crossed, I hope it improves the quality of life for people there, and it's cool to see a government try something like this. +Hello all, + +After reading the AZ Value blog regarding Valeant, I am eager to find more investing blogs that provide similar value. + +What are your favorite investing blogs or investing blog articles? + + +Posted this to tifu, got removed because nothing significantly bad happened, so I'll put it here. A couple of years ago, when I was an undergrad, I worked retail on the side. One busyish day, as I was ringing up a guy for his purchase, he asked me if I was a student and what my major was. Figuring he was just trying to make small talk, I told him I was a pre-med student. Right away, he started telling me he worked for a company where he worked with a lot of doctors and that it helped a lot of undergrads get high-paying jobs right out of college. He was really talkative and strangely enthusiastic for someone promoting a company to a stranger he just started talking to. + +He made it sound like a company that set people up with internships and jobs for pre-med people and then told me about one of the company's orientations that was taking place at a nearby hotel a couple of days later. Without even asking him the name of the company, I decided it was worth a shot, so he gave me the address and suggested that I wear business casual clothes. For reasons I can't remember, my parents had to drop me off. This gets relevant later. I decided to go all out and wear a suit and paid good money to get it dry cleaned and pressed. I thought it was a sure thing. + +When I got to the hotel and the orientation started, holy fuckbuckets, it wasn't what I thought it would be. The main speaker at the orientation talked about how a person can make boatloads of money without even really trying, showing us a slideshow that looked like it belonged in a child's school project. The speaker didn't mention how a person that joined the company was supposed to make any of this money at all. At this point, I still thought it was a potentially lucrative offer, so I kept listening. + +After the speech ended, he called on a bunch of slightly creepy, wide-eyed people to talk about their individual experiences with the company. They used the same nebulous tone the speaker gave, but again, I still had dollar signs in my eyes. After they were done talking, the guy who invited me to the orientation came up to me and started introducing me to the aforementioned creepy people, and as they talked to me about their supposed success stories, all I could think while I was nodding my head pretending to listen was, "What kind of creepy ass cult meeting did I get dragged in to?" But just like before, I kept listening for more info instead of noping out of there. + + After talking with a bunch of people, the guy who invited me came with me to the lobby of the hotel and gave me a bunch of promotional materials with an Amway logo on them. I had zero idea what Amway was or what it did, no thanks to the orientation speech. The guy then brought out some registration forms and asked me, "So how would you like to pay for your registration? Cash? Check?" I was still open to the possibility of joining, but decided to give the decision more time and told him as much. He was really insistent about my joining and gave me his number and asked to call him back later when I've made up my mind. + +When my dad came to pick me up, the guy came outside with me and talked to my dad for a little while. He didn't mention Amway to my dad. On the ride back, as soon as I mentioned the word "Amway," my dad said, "Oh shit, do you know what you just got yourself into?" He then told me that Amway is a company where employees are expected to buy products from the company and sell them door-to-door. Employees are also supposed to recruit new employees and make commission based off of what the recruits sell. They actively go out and talk to random strangers, a lot of the times young college-aged people, trying to recruit them into their business like they did with me. My dad then told me that when he and my mom were just married, they were recruited by Amway similarly to how I was and lost a lot of money because of the registration fee and because they weren't able to sell enough stuff. Some of my parent's relatives and friends also lost money joining Amway. Obviously, I decided not to join. The kicker is that if my dad didn't have to drive me, I'm not sure I would have mentioned the word Amway to my parents until I'd already joined, and at that point, getting out probably would have been a lot harder. In the end, I still lost money on getting the suit cleaned for nothing, but I think I dodged a bullet. + +TL;DR - Didn't listen to my gut several times, almost joined fucking Amway. + +Edit - Thanks for the gold, kind stranger! +Could someone please explain the rationale behind negative interest rates in layman terms? I have a really hard time understanding why would anybody pay to take the risk of loaning money to someone else. +Credits to u/irishdud1 | It is good for those who still need confirmation + +Using 13F data to prove GME short shenanigans + +Removed from WSB... don't know why. Posting to my own profile. + +**TLDR:** Adding up all the 13F disclosures from institutional investors will prove beyond a doubt that there is STILL a massive, hidden, short interest in GME. The 3/31 cutoff results will be published on May 17th. Tick. Tock. + +Yes, I am that [dumb ass](https://www.reddit.com/r/wallstreetbets/comments/mhox08/are_ya_winnin_son_1m_416_800_calls_yolo_update/)\-man + +# 13F Forms + +Large institutions and money managers must file quarter forms 13F and 13G disclosing their LONG positions if they of substantial size ($100M of AUM, generally). The cutoff date is each quarter end and the results of these forms are filed and published 45 days after the cutoff. As of 12/31/2020, GME was reported to have 97M shares owned by insiders and 13F/G filers. Excluding all retail investors and non 13F filers, this means 27M more shares were 'owned' by these institutions than exist. Therefore, we can prove mathematically that there were at LEAST 27M shares shorted as of 12/31. + +According to our buddy Ihor at S3 partners, the short interest right around 12/31 would have been in the ballpark of 67M shares ([12/17 tweet --66.5M shares](https://twitter.com/ihors3/status/1339629421263794179)), ([1/5/21 tweet --67.9M shares](https://twitter.com/ihors3/status/1346561814956552193)). Adding the 67M short shares to the 70M shares that exist, that means the total 'ownership' of GME shares would be about 137M shares as of 12/31/20. Our forms 13F showed 97M claimed, which means 40M shares (+/-) would be in the hands of retail and non 13F filers. 13F filers owned about 70% of all the 'shares' (real + synthetic) out there. + +# When are the next 13F forms going to be released? + +Patience, young padawan. The most recent quarter-end cutoff was March 31st. 13F filers will file and the SEC will publish them on May 17th. According to good Ihor on 3/29/21, the short position on GEM was a [mere 10.7M shares](https://twitter.com/ihors3/status/1376576739854450693). What happens on May 17th when the 13F forms total up to the same (or higher!) institutional + insider ownership? + +\+97.0M 13F shares claimed + +\-10.7M 'shorted shares' + +\-70.0M all shares in existence + +======================== + +16.3 M shares owned but no one can figure out how they exist (\*\* cough \*\* naked shorting ?) + +ONCE AGAIN, this figure ignores the retail ownership of GME (which has exploded [considering 9% of all adults in the USA bought at least one share of GME in January](https://money.yahoo.com/gamestop-amc-reddit-investing-213609595.html)), all the [Europoors](https://www.reddit.com/r/wallstreetbets/comments/lbnvmp/most_traded_stocks_in_europe_at_degiro_broker/) and the people who [live in the upside down](https://www.newshub.co.nz/home/money/2021/02/gamestop-stock-wallstreetbets-billboard-appears-in-auckland.html), and non 13F filers (smaller funds with less than $100M AUM). Let's pretend they own the same number of shares as they did on 12/31 (I think retail owns MORE as of 3/31 than they did on 12/31). + +I'm going to assume the 13F institutions continue to own about 70% of all the shares that exist (real + synthetic). Let's forecast what that really means for short interest: + +**Given the following 13F + insiders share claims X shares, what can we infer?** + +* 70M shares (implies 100M shares trading), IE 30M short interest +* 80M shares (implies 114M shares trading), IE 44M short interest +* 90M shares (implies 129M shares trading), IE 59M short interest +* 100M shares (implies 143M shares trading), IE 73M short interest (*pre Jan 2021 spike levels!*) +* 110M shares (implies 157M shares trading), IE 87M short interest + +There are 6 days until we see how accurate S3 partners is and how much FUD the SHF have spread saying 'they covered already'. You're going to need a shovel, because I call bullshit. +In the last day or so there was talk on post fire operations, reports etc. +The bill is going to be enormous. + +I can see the following things happen: a large amount of properties will no longer be insurable, some small towns unlivable, increased taxes and levies to support fire security. Very little preemptive policies. Food to increase a lot. +Water to become more expensive but sadly more corporatised and restricted for use. + +I would like to see more preemptive communication and coordination, localised support, control of growth, some climate policy etc, but sadly cannot see this happening. + +Noone has a crystal ball and predictions are a mugs game, but what do you think will come out of these fires? +I've been putting my taxes off because it was messy. But my accountant texted me at the start of May to remind me my taxes are due for lodgement May 15th. + +I frantically got my stick trades in order and have sent off my tax reports to my accountant as of yesterday (as this is what she has asked for). + +However, she has since gone silent. Which normally wouldn't be a big deal. But since it's so close to the deadline... + +Am I able to ask the ATO for an extension?... Will I go to jail if my taxes aren't lodged by the 15th. +My wife and I are trying to buy a house and are applying for pre-approval. We have never missed a payment on anything. We have some CC debt from a move that we are paying over the minimum every month and have paid off 2 car loans with 0 missed payments. + +We got a call today that they cannot pre-approve us because I have a student loan from my college that has been sent to collections. + +I was super confused because I haven't had a balance on my college site sine 2016. I checked everywhere and had no notice of overdue payment. I have federal loans that are frozen at the moment but I am still paying on them. I didn't pay for about 6 months during the pandemic because of a big move, but I never missed a payment before. + +Is there anything I can do? We have alot of savings for a house but I dont even know where I can pay off the loan I have no info. I would not have even known if I didn't apply for a loan. + +UPDATE: + +Shout out to u/mypourgrammar for the Perkins loan tip. My Dad was a life saver when I was applying to school and helped me with all the loan stuff, I didn't pay attention as close as I should have and I am paying the price now. + +I called my college and they were no help at all, I just kept getting handed off to other people and no one could give me any answers. So I looked online about the Perkins loan. I called the number and the guy helped me out and it turns out I do have a 3500 loan out. But they had my wrong email, adress and phone number, basically due to moving across the world after graduation. + +Long story short I paid in full the amount, the guy I talked to was extremely helpful, and understanding. My main concern was to get it away from collections. + +I called our lender and explained the whole situation. They were also extremely understanding approved us for what we asked for originally, because I paid off the entire amount and we had a perfect record of payments outside of that. + +Next thing I need to do is see if I can't recover my credit score. +Just received [this letter from Equifax](https://i.imgur.com/ZDOrWaC.jpg), but I haven't applied for any new lines of credit in over two years. + +I went to the wiki here in the sub and read the section about identity theft. Per the wiki, I triple checked my credit cards and checks -- none seem to be missing. I checked all bank and credit card accounts and I don't see any suspicious activity. I then opened a credit karma account and nothing jumps out at me. Credit karma is showing my credit score is above 750 with no hard inquiries and no new accounts for both Transunion and Equifax. + +I'm not really sure what this letter is about. [Here is the back of the mailer](https://i.imgur.com/tsyXAky.jpg). Is it a scam? + +Edit: Everyone agrees this is likely a scam. I'm going to check annualcreditreport in about a month just in case. Thanks for the help y'all! +A lot of the other finance related subreddits have wikis with commonly asked questions, general explanations on what they're about, and historically great posts. + +Is that something mods here would be interested in? It currently looks like the community can't add to the wiki openly. /u/-opportunity- /u/FiIQ /u/rockytoppy +Late 30s, $1.5M NW. Day job as an executive is all-consuming. Not yet FATFIREd but on track. + +Had a new $500K windfall from an angel investment paying off. I'm about a year shy of the 5-year cutoff for zero cap gains on QSBS, so I'm rolling over into a newly-started business for a year, which qualifies for 0% capital gains. Now I'm trying to figure out what kind of capital-intensive, hands-off business I can run for just a year to meet standards for the QSBS 1045 exchange rule. + + +* To qualify for QSBS treatment I need the business to run for at least a year and use 80% of the funds. So, I need to deploy $400K in capital, at least, and try to make it back. +* Has to be a QSBS: no consulting, real estate, or investing; retail, software, manufacturing, small biz are fine +* I don't care if I make money, as long as I lose less money than I would have paid in taxes. The perfect business might spend $500K on inventory and then liquidate for $400K-$600K tax-free in a year. +* It's OK to buy a business, if I can find one. +* I've run businesses before so there are plenty of things I know have opportunity that would take a lot of time/energy to develop. The biggest constraint is time. That means I'm either hiring a manager or looking for something that can be done with cash and not time. + +Is there an obvious biz to run here that's cash-flow-neutral? Or, given where I am on the track to FATFIRE, should I just pony up and forget about the cap gains exclusion? +Hey guys, I thought about posting this in /r/cars maybe, but it seems like they are car *lovers* and might not be able to offer me the best advice. +My situation is that we are building a house, due to close on 9 March. My husband and I shared a car between the 2 of us (still on a $12k loan) and it worked for us for 10 months because we worked in the same building! Husband got a new job, and I am stranded at my job until late at night when he can swing by to get me. This is NOT going to work. I don't want to open any new loans before we close on our house, and we can't afford to spend much cash because we are trying to make our down payment as big as possible. + +Bottom Line: I need to get a beater to get me through the winter. Would like to keep it around $1500. What are some things I should look for in the car and some negotiating tactics? Thanks for your help and advice. +Edit: Can't believe I didn't mention this: I live in the MidWest, so I'll need good tires and heat. + + +UPDATE (4 days later): I want to thank you all for taking time out of your day to give me some amazing advice and teach me things to look for in a prospective car that I would have never considered. I GOT A CAR!! $1500 (all of you haters who thought it couldn't be done for that amount can K my A! haha). It is a one-owner 2004 Nissan Accent with 156k, mechanically perfect, 14k on tires (80k tires), and only one tiny spot of rust on the wheel well. Interior is spotless. I do have to admit I got really lucky with this deal, as this car blue-booked about a grand higher (but I went to HS with the owner so they cut me a break). Anyway, just wanted to share how this all turned out! Thanks again Reddit! I never would have considered a Hyundai before you guys came into my life ;) +I (25M) am currently a professional poker player. I have been looking into learning more about stocks and trading the past few months because of Covid. + +They say 90% of poker players are losers. Is there anyone in this page with experience in both arenas who can say whether it is easier or harder becoming a full time trader than it is a full time poker player. + +From what I've read their seem to be many similarities in the thought processes and strategies, and I've even hm seen "going on tilt" mentioned in other posts. +Everyone here who has a bit of experience should know that day trading requires consistent discipline in order to reach consistent profitability. Of course, if it was that easy to reach that level, we’d all be there already. The worst trap to fall into is gambling, but oftentimes, we won’t catch ourselves until we’ve actually fallen in, and no one is immune from developing such an addiction. Thus, let’s see if we can spot the signs before it’s too late. Here are a few tendencies to watch out for… + +1) When you lose, do you feel the need to win your losses back? + +Instinctively, all of us probably will say “yes.” However, the difference is that some of us will act on it, which often makes our losses bigger. The worst will keep going until the losses become so big that they can no longer take the pain and/or have run out of capital. + +2) When you win, do you feel the itch to keep winning? + +Disciplined traders know when to stop and understand that the potential to mess up is just as high as the potential to win again. If it’s difficult to stop when you’re “on a roll,” take a step back and recognize the unhealthy mindset developing. + +3) Do you try to time the top or bottom of a move? + +Every trade has an entry, stop, and target(s) that should be planned in advance and stuck to during the trade. If price hits a/the target, but you’re holding for more too frequently, watch out, because you may just be letting gambler’s greed override your plan. It’s impossible to always time the exact top and bottom of a move, so don’t try to chase the extremes. + +4) Do you constantly think “I could’ve had more if I only held”? + +This ties into the desire to time the extremes in #3 above. Now, if you got out early because you weren’t disciplined enough to hold until your profit target(s), that’s one thing. If you took profits at your target(s), but constantly wish you held until the exact top or bottom, step back and straighten out your mind. + +Hope these help. Feel free to add your own. +Is there a rough calculation on how much webuyanycar etc. Will pay compared to market rate? + +I.e. they value a car at 4k, would it (in theory) be worth 5k? +The title pretty much says it all, I’ve been reading and some sources give me the feeling that doing rental property purchases aren’t the norm on places like zillow, etc, and most are purchases and find success when doing things like driving for dollars or cold calling distressed property owners. Just looking for input! Thanks :) +My mortgage lender was suggesting me to claim a property is owner occupied even if I’m actually an investor. She wasn’t outright suggesting fraud per say but was suggesting that if I planned on living in it for a bit I could have an owner occupied loan so my interest rate would be cheaper. Interest rate she quoted was 3.65% with a point and I have a 686 middle credit score. I have no other real estate. + +My question is, what are the implications of this? If I did claim it’s owner occupied but only rented it out, I’m guessing that’s straight up fraud right? + + +Another related question is with the new construction sales office. They said if we’re investors we have to buy in the $350K+ range only, whereas we want to buy in the $280K range. So I asked what happens if we claim we’re owner occupied to the builder but then started renting it out a short while later. He said that’s no problem. Even if I immediately started renting it out he was basically saying it shouldn’t be a problem. So again I asked him what if my financing says it’s an investor property would that still be ok and he it should be fine. + +My question for that is, is there anyway I could get screwed over if I tell the builder it’s owner occupied when in reality I want to rent it out? This is assuming my loan also says investor property. +I want to invest in rentals that are rowhomes or city houses that are attached to each other. One thing I am concerned bout is concerning the attached homes and pest control. As in what if the attached homes have roaches mice and bed bugs. I feel like I can set a system up to qualify tenets that won’t have these problems themselves, but would hate for some one to have to go through that because of a bad neighbor. + +Is it common for pests to come through the walls, even if they’re cement? Has any one had this happen and if so what do you do about it. Obviously I can’t force a neighbor to not live like a savage by force, so how can you handle that ? What would be my liability ? I’m assuming that I’d have to remediate the problem. + +The idea of a problem neighbor destroying my rental because they live in a pig pen gives me nightmares and I’m looking to find some one who can speak to anything regarding this. +The area I live (Arizona) has little to no multifamily housing available at all. I'm okay with moving to somewhere else just as long as it's a place I won't end up getting stabbed. Where are some good places to look? +New to this sub so this may have been answered already. + +I've made my mind up that I want to house hack for a few years so I can live cheap (hopefully free) and stack money and potentially use it for more property as I get more experienced on real estate investing. But I looked in my area and there aren't any multiplexes (2-4 unit) that are for sale in an area that I'm comfortable living in and I wanted to get some advice. + +Is getting a lot and building a du-, tri-, or quadplex smart? I figured it would be the same concept as regular but I would be starting from a different point. Like instead of shopping for property and fixing it I would just be shopping with builders. I want to know if anybody has any tips on how to get started down this trail. +Investors who buy at Foreclosure auctions - how do you find/research your properties? Are there websites, newsletters or apps you prefer? What tool or service would you like to have that would help you? + +Edit: This is research. I'm not buying or intending to buy. I'm on the sell side for an organization. +I have a 3/2 condo rental in Socal that I'm worried about. We are seeing comps where the property has gone up over 15% in the last 12 months. The property is barely cash flowing (actually didn't cash flow due to having to replace the garage door) and that is w/o a property manager. Those 2 reasons would be reasons to consider selling.... but the kicker is that we lived in the condo and it would qualify for the residential exemption. We were hoping to rent it for another year but the way the market has been going we are having a hard time finding a reason to keep it. + +Any thoughts? +I've seen a lot of people on this subreddit saying that the UK has the worst combination of income and cost of living in the Western world. I know for a fact we are far worse off compared to the US, but I always assumed we were at parity or ahead of most European countries and about even with Australia, have I been thinking wrong if so can you direct me to some further reading? +I don't know how the fuck you guys became so powerful with 1.7m subscribers when you guys attest to your own retardation, but for some stupid reason you've caught the attention of a bunch of financial television personalities over in Asia. My mom has been watching them since she started investing in the stock market. + +From the beginning she was investing in blue chip stocks: Google, Amazon, Apple. But now she almost has 100 shares of Tesla, and wants to buy more instead of diversifying. She even bought Palantir and Nio. Luckily, she doesn't seem to know how to use options, but that could change any day and I have literally lost sleep over this because my mom is getting financial advice from a bunch of idiots from Reddit. + +My family is going through some immense personal and financial issues, and I can't believe she rolled over her 401k just to YOLO it all. She was supposed to use that money to pay the mortgage. She's way too old to play with all these risks. And now she won't listen to me because Tesla actually made her money. She doesn't realize she's playing within a bubble, and she has literally no investing strategy. I can't believe I'm the one who is more stressed out about this than she is. + +Yet as much as I hate you all, I can't help but be awed but how you guys have risen from the depths of 4chan to getting the attention of Bloomberg and Cramer, and now even a bunch of foreign broadcast financial personalities are eating your bullshit. + +Fuck y'all. + +**Edit**: Having almost 100 shares of TSLA doesn't make her wealthy when it's in a IRA that she can't access for almost a decade and she also has a $90k mortgage. +* **HP’s cost-cutting gesture comes three years after it reduced headcount by up to 9,000.** +* **The company reported weakness in commercial and consumer PC sales during the quarter that ended Oct. 31.** +* **HP also issued light earnings guidance for the new 2023 fiscal year.** + +Computer maker HP Inc. said Tuesday that it plans to cut 4,000 to 6,000 employees over the next three years. Shares rose as much as 1% in extended trading following the announcement. + +HP is the latest technology company to announce its intent to slim down given economic challenges. Facebook parent Meta, Microsoft and Salesforce are among those that have made similar changes. HP is responding after a deterioration in the sales of computers, which followed brought on by the Covid pandemic, where people rushed to buy computers to work and play from their homes. + +In a statement, HP said it expects the changes to result in annualized gross run rate savings of at least $1.4 billion in the next three years, with around $1 billion in costs including restructuring. Of that $1 billion, $600 million will come in the fiscal 2023 fiscal year, which ends Oct. 31, 2023. The rest will be split evenly between the 2024 and 2025 fiscal years, HP said. + +As of October 2021, HP had around 51,000 employees. In 2019 HP announced that it would eliminate between 7,000 and 9,000 employees. + +HP said revenue in the fiscal fourth quarter, which ended on Oct. 31, declined 0.8% year over year to $14.80 billion. Revenue in the Personal Systems segment, which includes PCs, fell 13% to $10.3 billion, as units dropped 21%. Consumer revenue in the segment slid 25%. Printing revenue, at $4.5 billion, was down 7%, as units fell 3%. + +In the previous quarter, Personal Systems revenue declined 3%, and Printing revenue moved down 6%. + +Also on Tuesday HP announced downbeat earnings guidance. + +The company provided a range of adjusted fiscal first quarter earnings from 70 cents to 80 cents per share, below the consensus of 86 cents among analysts polled by Refinitiv. + +For the 2023 fiscal year, HP called for $3.20 to $3.60 in adjusted earnings per share, below the Refinitiv consensus of $3.62 per share. + +&#x200B; + +Source: [https://www.cnbc.com/2022/11/22/hp-laying-off-4000-6000-employees-globally-over-the-next-three-years.html](https://www.cnbc.com/2022/11/22/hp-laying-off-4000-6000-employees-globally-over-the-next-three-years.html) +There’s a rumour spreading in my firm that business services will be expected to take a pay cut. Other firms in my industry have cut salaries by 20-40% (!) to reduce costs. Some firms are handling it better than others - I’ve heard one of the big four offered to pay 60% while the employee reduces their work time by 50%. That voluntary offer went down quite well. But in another small firm they were forced to take 40% cuts and still work the full 40 hours. + +One more examples is that another firm applied 20% pay cuts if you made over £40k. + +I want to be prepared for if this happens at my org. What have others experienced and what have you been able to negotiate? + +I’ve been at my firm for several years, and changing jobs would seem even more risky - as I’m at least entitled to a decent redundancy package if that should arise. +[Here's the Bloomberg Quint link](https://www.bloombergquint.com/mutual-funds/inflows-into-equity-mutual-funds-hit-seven-month-high-in-october#gs.cckXGRY) + +There was some discussion here in the sub, that after the Red October, mutual fund inflows would go down, compared to September numbers. + +Except, for whatever reason, that hasn't happened. SIP inflows were also on the rise. +I saw news as [these](https://www.newsclick.in/karnataka-withdraw-ayushman-bharat), where it seems to mention on Karnataka getting out of the [Ayushman Bharat](https://en.wikipedia.org/wiki/Ayushman_Bharat_Yojana) scheme. And there are news as [these](https://timesofindia.indiatimes.com/city/mysuru/middlemen-fleecing-people-for-ayushman-bharat-cards/articleshow/69102795.cms), which seem to be still mentioning Ayushman Bharat Cards. + +In Karnataka, I don't know whether they are valid or not. What is your experience in your region? If they are valid, would you all eliminate private health insurance? What differences are you seeing? + +And this [news](https://www.deccanherald.com/national/ayushman-bharat-lifesaver-for-pvt-insurance-firms-cong-723566.html) seems to be mentioning on the coverage of Ayushman in reality as to be 50,000 INR and it as to be not covering outpatient treatment, and "diabetes, and high blood pressure". +People keep mentioning 'invest in index and be done with it'. I feel that you this thought process is trickling down from literatures from developed economy (mainly US) where indices almost always outperform actively managed funds. + +Here in India, a developing economy, based on historical data, most actively managed funds have beaten the indices. Not to mention, when indices were on a freefall during covid, most actively managed funds had a - better than index - downside protection. + +What are your thoughts on the above? +>Midcap and smallcap stocks have started buzzing on Dalal Street amid rising prospects of PM Narendra Modi retaining power in the forthcoming general elections. + +[et](https://economictimes.indiatimes.com/markets/stocks/news/finally-a-rally-in-midcaps-smallcaps-stocks-to-look-at-to-ride-this-rebound/articleshow/68268756.cms) + +&#x200B; + +Is it start of a bull run or just a relief rally? +It's that time of the month. Some of us just received cash from salary or business income. What are you planning to invest in? What did you sell, and why? If you are continuing to hold onto existing investments, what are they and why do you hold them? Are you avoiding anything? Again, why? + +The discussion is not just for individual stocks of companies, but also for mutual funds and other investments. Feel free to share your investment rationale. This thread does not exist not only for disseminating knowledge on investment decisions (the why?). Others are free to assess your rationale. + +Be aware that these answers are just opinions of Redditors and should be used as a starting point for your research. None of this is investment advice or a stock recommendation. Kindly do your due diligence and/or consider seeing a registered investment advisor before making any financial decisions! + +Previous [Links](https://www.reddit.com/r/IndiaInvestments/search?q=monthly+discussion+thread+&sort=new&restrict_sr=on&t=all) + +PS: Be friendly. Be civil. + +I see so many newbie investors trying their luck in the stock market and buying dips and trying to hoard companies that they were told by Finfluencers were good long term bets. They have not done true market research and if something were to change about the company fundamentally, they wouldn't even know when to exit. + +I myself have been doing something like this. Copying great companies from others portfolios and hoarding them without actually studying them. + +My question is : If you want to take that risk anyway, if you're not bothered by that volatility, why not hire professional help at very little cost. Why not let an expert choose those risky stocks for you? Why not just invest in a good Small Cap MF and chill. You would be getting the high risk reward ratio and the headache would be someone else's, I just see that as a win win in every way. + +Is there something fundamentally wrong in choosing a good Small Cap fund over Direct Stocks always? With a fund you get instant diversification + Not needing to worry about timing the market since you can SIP + High returns in the long term. Why even engage in Street bets? +Ask your investing related queries here! + +The members of /r/IndiaInvestments are here to answer and educate! + +Alternatively, you could [join our Discord](https://indiainvestments.wiki/discord) and seek answers to your queries + +If you're looking for reviews on any of these following, follow the links: + +- [which bank or brokerage to use](https://www.reddit.com/r/IndiaInvestments/search?q=flair_name%3A%22Reviews%22%20Reviews%20of%20banking%20services%20and%20products&restrict_sr=1&sort=new) +- [which fund house is more capable and trustworthy](https://www.reddit.com/r/IndiaInvestments/search?q=flair_name%3A%22Reviews%22%20Reviews%20of%20mutual%20funds%20and%20asset%20management%20services&restrict_sr=1&sort=new) +- [which investing platform to use](https://www.reddit.com/r/IndiaInvestments/search?q=flair_name%3A%22Reviews%22%20Reviews%20of%20Brokerage%20products%20and%20services&restrict_sr=1&sort=new), +- [which insurance company is reliable](https://www.reddit.com/r/IndiaInvestments/search/?q=flair_name%3A%22Reviews%22%20%22Reviews%20of%20Insurance%20products%20and%20services%22&restrict_sr=1&sort=new) + +Generally speaking, there is no best stock, or fund, or bank, or brokerage, or investment platform. + +Answers are always subjective to your personal needs, but use those threads a starting point for you to look at what other Redditors have to say about a company, product, fund, or service. + +You can then ask a more specific question about what product or service to buy, once you are able to frame your personal situation. + +**NOTE** If your question is _I got 10k INR, what do I do to get most returns out of it?_, or anything similar; there is no single answer to this question. But we will also need A LOT MORE information if we are to provide some sort of answer: + +- How old are you? +- Are you employed/making income? +- How much? What are your objectives with this money? +- Do you have any loan, or big expense coming up? +- What is your risk tolerance? (Do you mind risking it at blackjack or do you need to know it's 100% safe?) +- What are you current holdings? (Do you already have exposure to specific funds and sectors? Have you invested in equity before?) +- Any other assets? House paid off? Cars? Partner pushing you to spend more? +- What is your time horizon? Do you need this money next month? Next 20yrs? +- Any big debts? +- Any other relevant financial information about you, that will be useful to give you an informed response. + +Beware that these answers are just opinions of fellow Redditors and should only be used as a starting point for your research. This is **NOT** financial advice, in legal sense of the term. + +You should strongly consider consulting a registered fee-only financial advisor before making any financial decisions. Ideally, such advisors should be registered with SEBI, and have a registration number. + +[Links to previous threads](https://www.reddit.com/r/IndiaInvestments/search/?q=advice%20thread%20personal%20situation&restrict_sr=1). +This came as a shocker and bad news, EPFO earlier were allowing full withdrawal after few months of joblessness. + +[Link](https://indianexpress.com/article/business/epf-withdrawal-before-retirement-capped-at-75-per-cent-against-100-per-cent-earlier-5499621/?fbclid=IwAR3A3QHieT__Q_IbppF9DYljYm6pao_XnYtc7auHMfXKqIco8P5UpsImV5o) to the announcement + +1. Full withdrawal was very important for folks who were looking for early retirement(FIRE) as their debt allocation was mostly tied here. Now they have to take a hit of 25% +1. Full withdrawal was very important for folks who leave the workforce due to illness/disability. They are also hit. +1. (unknown)Would the interest generated for 25% be taxable at retirement? +4. (unverified) Heard that the plan is to merge NPS and EPF in future(office gossip over lunch) + +Your comments? +Muthoot Finance seems to have a huge moat. Great distribution network, decent brand equity, nature of business is such that it is difficult to centralize. Why does it have such a low pe around 13. + +The management seems good, and works with a long term perspective. What is the market discounting. +[Graph](https://imgur.com/a/uEjDDET) + +I was inspired after reading u/FIthrowaway3453453's post (hope you don't mind me copying the format of your post!) on how he went from $10K to $1.3M in 8.5 years. Unfortunately, I don't have the data starting that early, but I did start tracking my data after I made a nice amount off the sale of a house about 4 years ago. What I do think is interesting about my graph is how fast you can get to $1M from $500K (took about 3.5 years), since I do see a lot of people asking how fast your money grows once you hit certain milestones. + +A few details: + +* This graph is for two people. +* My wife and I have two young ones (both less than 5 years old) +* We are both 38 years old. I work in Operations for a software company and she is an RN. Total household income is about $225K/year. +* We live in Los Angeles. +* No CC debt, pay it off each month. +* Paid off cars, only real debt aside from our mortgage is one student loan for about $400/month. +* Made about $350K off a house I bought for $200K in 2010. Sold it for $550K at very beginning of 2018. +* Dumped that into the stock market and NEVER took one cent out of it. Didn't have to use any of the earnings towards a new house because we rented after for a few years. +* This year got a huge windfall ($800K) from a death in the family and decided it was time to buy. Used that $800K plus another $200K of our own money to put a $1M downpayment on a house worth $1.5M. A lot of people told me that there were better ways to use the $800K windfall, but I am kind of risk averse, so I preferred the lower monthly mortgage versus the potential the market could return. +* Prior to us purchasing the house, I did hit $1M in total investments/cash. Having this net worth only lasted a few months before I had to pull $200K from it to drop my total net worth down to $800Kish. +* What is super interesting is that since the $200K down payment in October that I had to pull out, I already made back $130K of it within 2-3 months without really any contributions. Current net worth is at $930Kish. +* We are incredibly fortunate and lucky of the windfall we received, and the equity in our current house ($1M) plus what we have in cash/investments puts us close to $2M total net worth. +* I am hoping to hit $2M within the next 2-3 years. Don't really have a current end goal, I currently enjoy working so I guess my current end goal is to have my wife be a stay at home mom. But I think if I hit $5M then I'd probably consider retiring early. I think I can get there in my mid-40s? + +I'd love to hear what people would suggest I do with this much equity in our house, if anything. I know I mentioned I am risk averse, but I think it's mainly because I don't know what other options we have (besides just dumping it into the stock market). Also any questions or comments are appreciated. + +Edit: for those commenting that I hit $1m after the inheritance, I actually hit $1m before it. The inheritance (now home equity) takes me to near $2m. But the title of my post is “path to $1m” which is why I gloss over the inheritance. +Changing jobs and my new employer offers 100% 401k matching, up to 25% of your salary. + +Our overall financial picture is pretty cut and dry. Mid-upper 30s, 2 kids. Only debt is the mortgage. 6+ months emergency fund. $100k in non-retirement investments. Roughly $500k in combined retirement investments. Both working and making regular contributions to both employer-sponsored retirement plans and individual accounts. + +We are considering diverting some/all of the regular cash flow we normally budget towards my wife's traditional IRA to my new 401k to take advantage of the 100% match (we still wouldn't get to 25% of my salary). The downside here is reducing the retirement assets in her name. Beyond the potential ramifications during a divorce, are there any landmines with this strategy I'm not seeing? + +EDIT: To clarify, it's "100% of the first 25% of the participants compensation". Since individual contributions are capped at $19.5k, the company match is also effectively capped at $19.5K (even though the IRS limit is substantially higher). The employer contribution goes to zero once the employee is putting in 25% of their salary -OR- $19.5k. At my current salary I would hit the dollar cap before the percentage cap. +"U.S. electric vehicle maker Tesla Inc (TSLA.O) sold 3,635 Shanghai-made Model 3 vehicles in China in April, down 64% from March, according to the China Passenger Car Association (CPCA)." + +[Reuters](https://www.reuters.com/article/us-tesla-china-sales/tesla-china-sold-3635-model-3-vehicles-in-april-down-64-vs-march-cpca-idUSKBN22N0EE) + + +This reversal happened during a month of 35% growth in auto sales in China as sales normalized post pandemic. + +[Gasgoo](http://autonews.gasgoo.com/m/Detail/70017135.html) + +It appears that Tesla sales in China are hurting both from the market share of EVs generally but also from being overtaken by local companies like BYD, which sold more EVs than Tesla. + + +This weakness seems pretty troubling considering Tesla's commitments to pay $323 million starting in 2023 to maintain their Shanghai factory lease. Meanwhile, Tesla had to drop prices to get below subsidy thresholds and China plans to drop the ceiling another 20% next year. + + +Everyone is abuzz with Tesla's Fremont factory reopening conflict while China, which was supposed to save Tesla's sales numbers, looks more like a source of added risk. +The division and inertia in the community are a serious danger for BTC future. + +Good forks must be successful and widely adopted or else we might get replaced by some shitty centralized coin. + +Most widely used exchanges have no motivation to adopt forks if the community does not threat their profits. + +**Those who refuse to adopt new technologies must perish or adapt.** + +Could someone post some newbie friendly advice on which exchanges to change to? + +- Could you please detail pros and cons of each option? + +- How hard is to move all the coins to another exchange? + +- Which fees can we expect? +Hey everyone! + +I’m relatively new to investing in stocks and I would love to hear about what indicators you look out for and immediately think “it might be time to sell this stock”. + +I’m just using this post as an information dump for different perspectives so any advice is helpful! +I wonder what makes more financial sense. + +I have about 15k for the deposit. He has 47k, making up 62k deposit. We will spit paying off the mortgage 50/50. + +So now we have the choice. Either we pay what we have into the deposit as is and we will split the house roughly 43/57. Or he lends me the 16k that I need for paying half the deposit (16k+15k=31k) and we will figure out a repayment plan. He has some money, so he doesn't mind either way. + +If relevant, I earn 25k and he earns 31k. We split all expenses 50/50. + +Would it be smarter for me to own more of the house and pay him back for some years or to own less and have that money at my disposal? +Okay guys, I think we should talk about this. Just like me, I know there are a lot of people that just lurk. They dont post, comment or do anything at all besides reading, researching and investigating. +I just want to say “I’m here!” and that I m not ever leaving. All thesis take time. I made my own in a journey that started the 29th of January 2021. It has been a hell of ride, I am hangin on! Dont care about anything else, either way the company will thrive … +What are your information sources when you guys are looking for an investment opportunity. I see tons of websites reporting daily on global economy and what's happening in different countries but unfortunately not all of the info is reliable. Most of the times it's just hyped up for increased viewership. +I'm trying to find reliable sources, be it a journel, or a news agency, or a Twitter account. + +Thanks +What are your information sources when you guys are looking for an investment opportunity. I see tons of websites reporting daily on global economy and what's happening in different countries but unfortunately not all of the info is reliable. Most of the times it's just hyped up for increased viewership. +I'm trying to find reliable sources, be it a journel, or a news agency, or a Twitter account. + +Thanks +Somewhat recently I've started investing a lot of my income. Probably about 50-60% of my pay goes into retirement accounts and other investments which makes the rest of my budget pretty tight for bills, entertainment, etc. + +I don't personally care for having much other than a bed, a computer, food and the internet but my wife's lifestyle differs from mine, she like cable TV, accessories for our dogs, going out regularly and other various things that aren't at all unreasonable but also not the most intelligent thing to spend money on. + +Ex. Last week I suggested we eat BEFORE going to a friend's house to save money so we wouldn't have to order a pizza or something and she had a hissy fit because we can certainly afford to order a pizza, but still I would rather not because of the unnecessary expense. + + +My wife is in school and works very little so she relies on my income and she is sometimes upset because I make things pretty tight with our money because I dump so much of it into investments/retirement when I could easily ease up on investments and live a more flexible lifestyle. + +Is there any validity to her concern? Has anyone else ran into a similar issue? Is there a point where you put away an unreasonable amount of your income and decrease your quality of life so much that it isn't healthy? As i mentioned, I'm personally as content as can be aside from relationship problems. I understand that It is important to choose a partner that is on board with your financial choices, but when we got married a few years ago I wasn't in the same financial mindset that I'm in right now so didn't really give it much thought. +Basically as the title says. + +Bought a car in may at enterprise car sales and they were able to secure us a loan through Westlake financial services. (My credit is pretty terrible due to past financial mistakes - working diligently to repair, so please be gentle.) + +I paid my June bill on time. Was due on 6/28. Logged in and paid on this day. ACH payment left bank the day after. + +I was furloughed from my job due to COVID, and went to call Westlake to ask if we could defer the payment a month until hopefully things are back on track at work. + +When I called them, they told me that the dealership paid off the car, and that I should contact them. When I contacted them, they told me that we were good, and that the loan company had sent them the check to pay them for the car. + +I call back westlake and after speaking to 4 other people, they told me that the car was paid off, but this time would not explicitly tell me by whom. They also sent me a payoff letter via email per my request stating that $0.00 was owed on the car. + +I'm going back to the dealership to speak to the finance manager about this when she arrives tomorrow (shes off today) but besides the obvious red flags, is there anything else I should be wary of? + +Thanks + +Edit: put in a close parenthesis + +Edit 2: clarified that payoff letter was emailed at my request when speaking to bank on the phone. Was not an automatic email. + +Update: not sure what happened, but loan company reversed loan and it's all normal, unfortunately. +Hi r/personalfinance, + +I bought a $3k car two years ago and its served me well, but is on its last leg. The repair costs outweigh the value of the vehicle and I think it is time to move on. With winter on the way, I would like to get another vehicle soon - one that is more reliable and safe. I have approximately $3,500 saved up for another vehicle, but I am considering taking out a loan for a better used car. I’m here to have you argue me out of it, or tell me, “Nah, you’re good. You can handle this.” I’m also here to get thoughts on appropriate length of loan and initial down payment. + +Some context on my life/financial situation: + +I work full time and go to graduate school part time and so reliability is important. I also recently moved and am several hundred miles from family. I would like a vehicle I feel comfortable taking on a few road trips per year to see them. + +I’m in my late 20s, single, have a roommate and so expenses are low overall. I make $49,000 per year. After FSA, taxes, pension deduction, etc. my monthly take-home pay is ~$2,750. I’m debt-free (hurray tuition reimbursement!). I have a 6-month emergency fund. In addition to my 10% pension contribution, I try to throw what I can into my Roth IRA and will get pretty close to maxing it out this year – saving for another car has taken precedence. I have good credit; last time I looked it was 780. + +Reviewing my monthly budget, I should be able to handle a $250 monthly car payment while still contributing to my savings goals. Here’s what I’m considering: + +* Using the existing $3,500 as a down payment. +* Visit a local credit union to inquire about a ~$8,000 loan for 36 months. So about a ~$230 payment (not including insurance). +* Shop around for a ~$11-12k used Honda or Toyota. I’ve seen many available with around 30-40k miles. They’re reliable and while I’m not considering a car as any sort of “investment” they do seem to have a good resale value in the event life circumstances change and I choose to sell it. + +Does this plan make sense given my (albeit brief) financial situation? Furthermore, is it wise? I don’t want to run the risk of taking out a loan on a used car that might be riddled with problems, or buying another $3k car that will inevitably have issues in a year or two, that’s why I’m considering taking out a larger $8,000 to get a more reliable vehicle that should last beyond the duration of the loan. + +I really, really hate the idea of taking out a loan, but honestly I’m tired of driving a $3k cars and worrying about repairs during a pretty busy time in my life. What's the right choice, Reddit? +Mark Zuckerberg’s poor leadership skills are slowly dragging Meta toward failure, a Harvard expert says. + +Zuckerberg’s shortcomings as CEO are “continuing to derail” the tech giant formerly known as Facebook, according to Bill George, a senior fellow at Harvard Business School and former CEO of medical technology company Medtronic. + +“I think Facebook is not going to do well as long as he’s there,” George tells CNBC Make It. “He’s likely one of the reasons so many people are turning away from the company. He’s really lost his way.” + +George has spent the past 20 years studying leadership failures in the workplace, recently compiling those findings into a new book called, “True North: Leading Authentically in Today’s Workplace, Emerging Leader Edition.” + +In short, George says bosses that lose sight of their most deeply held beliefs, values and purpose as a leader — especially in the name of money, fame or power — are doomed to fail. And after decades of researching high-profile corporate collapses, he says he sees striking similarities to Zuckerberg and Meta today. + +Zuckerberg and Meta did not immediately respond to CNBC Make It’s request for comment. The Meta CEO is largely responsible for his company’s meteoric growth to this point, transforming the company he co-founded in 2004 into a tech giant with a $450.46 billion market cap, as of Monday morning. + +In doing so, he helped create the modern-day social media industry — a move he’s attempting to replicate now by repositioning his company into the metaverse space. Given his past success, it might be unwise to bet against him, as CNBC’s Jim Cramer said on “Squawk Box” in February. + +“I know that this is probably out of fashion, I have total faith in Mark Zuckerberg. I think Zuckerberg’s going to be able to pull off ... the metaverse,” Cramer said, adding that Meta has a track record of rebounding after stock dips, scandal and controversy. “There’s some people you have to bet on. And if you go back to 2018 to that horrible summer breakdown ... no one thought these guys could come back.” + +Still, George says Meta is bound to fail as long as Zuckerberg remains at the helm. Here’s why: + +Full article: [https://www.cnbc.com/2022/09/12/harvard-expert-mark-zuckerberg-is-continuing-to-derail-facebook.html](https://www.cnbc.com/2022/09/12/harvard-expert-mark-zuckerberg-is-continuing-to-derail-facebook.html) + +Mark Zuckerberg is ‘continuing to derail’ Facebook, and his poor leadership skills are slowly dragging it toward failure, Harvard expert Bill George says. META is currently down 53% YTD. Do you agree with Bill George? +I have friends who work in the biggest banks in Taiwan. Both HSBC and Jihsun didn’t receive the dividend and just directly split the stock. When I talk to them, they have no idea what’s going on. How should I tell them about the risk or what can I tell the banks to do? My assests in the US are all DRS I wish I can go back to Taiwan and DRS the Taiwanese shares but I just physically can’t rn. + +Keep buying and DRS… +Taiwan didn’t get the shares too +I keep seeing post, new articles, twitter this, WSB, Hedgefund this guy, etc... with what is going to happen to the markets in 2022. As the title says, nobody has any damn clue, not even the big dogs. The market could go up, down, remain flat with no volatility, have lots of volatility, it does what it wants when it wants to do it. + +Sure, big funds have more resources to time some changes perhaps, but they don't actually know how the market will end a year from now and what path it will take to get there. Some may have a general idea and be right more than wrong, but they are still guessing, just guessing with more info than you and me. + +At the end of the day, buy your blue chips/ETFs or trade if you have that appetite, maybe pick a few YOLOs with a small % of your money and just sit back and forget/keep DCA each month. + +Tl;dr nobody knows what will happen, someone might be lucky, when in doubt, DCA and go to the beach! +As I try to figure out how close to FIRE I am, I get annoyed by the day to day of leaving my child in daycare and heading off to the office. For years I've been telling my boss "I can probably survive without a salary at all but how about we just lower my pay and I work four days a week". Finally yesterday I gave him the ultimatum that I wasn't going to wait much longer. He agreed that after the current deadline is over (2 months) we can try out me having Wednesdays off. I'll prove to him that me being at the office Mon-Tue and Thur-Fri keeps me plugged in and productive and I'll regain back a major chunk of my life. + +This is an idea I had years ago. To sort of gradually ease into "retirement" and let my comfort and confidence with it increase while I find the right work/life balance. It seems more sensible to me than the sudden drastic lifestyle change of going from 40/hrs to 0 one special day. + +I also think this will do wonders for my life. Psychologically I think it'll be a double whammy. On one hand I am not dealing with another day at the office every week, on the other hand I get a whole day of rest and time with my daughter that I otherwise wouldn't have. So I think it will have a major impact on my quality of life. +Hi Everyone, + +I found out earlier this week that my uncle has willed me our 200 acre camp in Allegany County, NY. He has no children and wants to keep the property in the family. It is a mature wooded valley with a small creek running through the middle. + +I know he allows a team to cut down some lumber off the hillside to offset the taxes and pay for a nice vacation each year. I would most likely continue the relationship with the logging team since I am single and don’t want to have too large of an impact on my finances right now. + +I guess my initial questions are the following: + +Where can I learn about the actual value of the property? + +He mentioned mineral rights, but I am unfamiliar with the area and am not sure how this is different from the property value? + +He mentioned adding a farming plot to lower the tax on the property? Does anyone have any resources on he to accomplish this? + +Is there anything else I should be aware of with regard to how this could impact my finances? + +Thank you +Sends 18k of stolen ETH to another wallet + +[https://etherscan.io/tx/0x2f259dec682ccd6517c09b771d6edb439f1925e87b562a72649a708fdd0511e1](https://etherscan.io/tx/0x2f259dec682ccd6517c09b771d6edb439f1925e87b562a72649a708fdd0511e1) + +Then sends 6k ETH of the 18k above to yet another wallet + +[https://etherscan.io/tx/0x2e43c2111567a591e961b63212d7efb45c4873ef49350ba57a7d86968845a788](https://etherscan.io/tx/0x2e43c2111567a591e961b63212d7efb45c4873ef49350ba57a7d86968845a788) + +Then starts sending 100 ETH every \~7 minutes to Tornado Cash mixer + +[https://etherscan.io/address/0x432a9cb4353bed67ec5351734d4a44c0826847ae](https://etherscan.io/address/0x432a9cb4353bed67ec5351734d4a44c0826847ae) + +Yeah, seems Harmony is dONE and the 1 M$ offer from Harmony team was ignored... + +EDIT 1: + +After a few hours the first wallet is almost empty, hacker has sent 6000 ETH through Tornado Cash mixer. But in the meantime, he sent another 6000 ETH from the wallet funded with 18k to another new wallet and now is continuing the quest of sending 100 ETH every \~7 minutes to Tornado Cash: + +[https://etherscan.io/address/0x4507ac1bdf4ae5e61ffcec3a9aeda312e2505970](https://etherscan.io/address/0x4507ac1bdf4ae5e61ffcec3a9aeda312e2505970) + +Most likely the rest of the funds will follow soon and be completely gone in about 4-5 days. +Interested to know what kinds of things you possibly wasted money on this year, or poor financial choices of this year etc (either by accident/unintentionally, or knowingly). +Disclaimer, I offer no dates or price targets. + +My wife asked me, "What number let's us retire during the squeeze?" I told her, and also mentioned I would not be selling at that number, but something much much higher. For probably the first time during the last few months she started to doubt me and this whole situation. She asked why wouldn't I sell when it gets to that point. Well when the price hits prices deemed crazy by the masses but low for apes, it will be even easier to HODL for us. Why is that? Because all our hard work will be validated. That's the moment when we take charge and set our own prices. + +The message is simple buy, HODL, Vote. The rest will take care of itself. +Had my identity stolen. The usual “credit inquiries made by everyone and their mom” and multiple accounts under different creditors racking thousands of dollars. + +However, one account stood out from the rest in that every month has received a scheduled payment, much higher than the minimum payment needed. There’s not a single brain cell in my possession that can come up with a reason as to why someone would steal my identity, open an account, and then make regularly scheduled payments? + +So naturally this begs a whole rabbit hole of questions pertaining to the tactics of identity thieves and all associated parties. I started thinking that maybe this has to do with the Thief and Associates™ wanting to stay on the down low, and distributing the compromised/fraudulent accounts to some schmuck who doesn’t even realize that he’s using my account. + +Would anyone be willing to provide a fairly in-depth explanation to the psychology and tactics utilized within the identity theft industry, and provide any guidance as to why this might be occurring with “my” account? + +Thanks in advance! + +TL:DR - homeboy has a fraudulent account under my name and is for some reason making payments even though he has no obligation to +I posted a craigslist item for sale and someone reached out saying they were interested and to reply by their personal email because they always miss their CL emails. I've done business with a LOT of legit folks on CL who end up responding days later because they miss the CL emails, so I though ok, no big deal. + +I proceeded to give my name, address, and phone number.... It was only after they replied doing the typical cashier's check scam that I realized my blunder. + +Using my name, address, and phone number, how in trouble could I be and is there anything I can do to stop it? +Thought I hit the lotto on SQQQ today.I woke up to an alert that was set on SQQQ going above $10 and was at over $26. To my surprise my TOS account had me down 68%WTF. I waited on the phone almost 2 hours to learn the etf did a reverse split. + +I'm in SQQQ close to 2,000 shares and its been tanking bad. I'm still going to let my entire bag ride on the fact that this party has to eventually end. Today was not that day. + +Edit 1:I hear the criticism, and do have an understanding of ETF's, however buying the ETF this low (5.44) and holding, setting an alert for a specific price point and waiting. As long as it doesn't dissolve like natural gas I feel this can be a huge win, instead of down voting let this be an opportunity for others to learn and develop, if not this post will just be deleted. +We finally paid off the last of my husbands major Student Loans, it feels amazing and surreal at the same time. + + +Background: before we accepted the reality of our loans, we were struggling. His monthly payments were over $950 a month (not including my student loan payment). He didn’t have a co-signer so his interest rates were atrocious. We realized constantly putting the loans in and out of forbearance to get by was not sustainable. Staring down the barrel of 25 years of a thousand dollar payment was insane, not to mention paying well into the six figures for all the interest on the loans if we didn’t do something. + + +We accepted no one was going to help us but ourselves; not our lender, not the government, not “student loan forgiveness”, not some whimsical inheritance. We buckled down, we created a budget, and my husband got a second job. + + +During 2013/2014 we paid off: + +* $15,600 @ 12% +* $10,700 @ 10.75% +* $5,300 @ 8% +* $5,800 @ 6.8% +* $5,800 @ 6.8% +* $3,300 @ 6.3% + + +He has a few loans remaining at only 2.35%, so now we are moving on to my loans. Our goal is to be free from all student loans by 2018. + +**Edit**: for those asking about all our other financial info so they can compare budgeting/planning, we are ~~saving~~ paying 25% of our income towards our student loans. +I recently ordered my free consumer report from LexisNexis (mainly to check on my auto insurance claim history information) and thought I would share the vast types of information the report contains. + +From the LexisNexis report itself: + +>LexisNexis Risk Solutions provides consumer reports to customers who have a permissible purpose to access your information. Our customers include companies in various industries, such as financial services, insurance, government and healthcare. +> +>Included with this letter, may be some, or all, of the following: +> +>Consumer statements that you requested be placed on your file; +> +>Alerts or flags indicating the existence of a security freeze, identity theft alert or security fraud alert that you requested; +> +>Data that is currently under dispute by you, with an indicator of the dispute; +> +>Information pertaining to the source of the data contained on the report; +> +>Identification of the entities whom have requested your information in the prior 12 months (or longer if requested for an employment eligibility purpose); +> +>6. Copies of actual reports ordered by and provided to companies with a permissible purpose to access your information, if any exist in our system; +> +>7. "How to Read" documentation, explaining information that may be contained In your file; and +> +>8. Applicable Federal and State Summary of Rights + +Things the report also contains: + +* Every name and address you have likely ever had +* Details of every place you have lived (address, type of place--apartment, house, etc, dates you lived there) +* Every phone number ever associated with you +* Education records (post-secondary school) +* Business you owned in whole or part, or businesses where your name was part of registration documents +* Boats you have owned +* Deed information for real estate owned +* Tax assessment records associated with real estate owned +* Home and auto insurance records +* Automobile insurance claims (also includes your C.L.U.E. report used by auto insurers) +* Motor Vehicle records, including a list of moving violations +* Credit inquiries (hard and soft) + +In short, there is a TON of information on you that LexisNexis has access to. Mine was 102 pages long. + +Included are directions on how to dispute any incorrect information, along with the ways in which your information is used. + +Go to [https://consumer.risk.lexisnexis.com/request](https://consumer.risk.lexisnexis.com/request) to request your free copy. They verify your identity and then send you a letter in the mail with a personalized link to download a copy of your report. As far as I know, there is no way to get a report online only (without getting the mailed letter). + +Hopefully, some of you here at PF will find this useful. + +ETA: Typos. Thanks for the awards! Glad this info was helpful. +Hey guys. + +I just wanted to do a quick update on my [Missing Bananas post](https://www.reddit.com/r/Superstonk/comments/mvfs0c/over_30_of_gme_bananas_are_missing_from_bloomberg/) and relate it to some of the Dark Pool DDs that others have submitted this week to kind of drive the point home. + +u/broccaaa had a DD post about [FTDs and Massive Dark Pool Activity](https://www.reddit.com/r/Superstonk/comments/mvdgf5/the_naked_shorting_scam_in_numbers_ai_detection/) . His brain is wayyy wrinklier than mine and the detail of this research is truly amazing. + +One of the big takeaways relating to OTC / dark pool trading can be summarized in this graph from his [post](https://www.reddit.com/r/Superstonk/comments/mvdgf5/the_naked_shorting_scam_in_numbers_ai_detection/): + +[Dark Pool trade data for OTC and ATS trade pool.](https://preview.redd.it/pzrznz27ayu61.png?width=3076&format=png&auto=webp&s=8ddb45e3bd53673db4061e134a5c62969c16dda8) + +u/broccaaa concludes that "Dark Pool activity ramped up massively at the start of January," the "total number of trades more than quadrupled," and "the average trade size dropped to around 50 shares per trade, remaining there ever since." + +This table (also from his [post](https://www.reddit.com/r/Superstonk/comments/mvdgf5/the_naked_shorting_scam_in_numbers_ai_detection/)), shows the main Dark Pool participants (Shitadel being #1): + +[Total shares traded by firm for OTC and ATS pools since Jan.](https://preview.redd.it/sxua5labbyu61.png?width=3600&format=png&auto=webp&s=842f17ef4ea5c15d559ddf4a61d803d198b8cfe1) + +Definitely take another look at his DD if you have a chance! + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +&#x200B; + +u/Doom_Douche had a great DD post, [A Deep Dive into Dark Pool Trading](https://www.reddit.com/r/Superstonk/comments/mv5kbm/deep_dive_into_dark_pool_trading_how_they_might/), where he shows how much more dark pool trading is happening with GME compared to other stocks. Again, super wrinkley stuff... + +One big takeaway from this post was that these conclusions were made using an estimated GME float of **54.1 million** rather than the **26.7 million** that we can now deduce from the **GME Proxy**... + +Using this table from his [post](https://www.reddit.com/r/Superstonk/comments/mv5kbm/deep_dive_into_dark_pool_trading_how_they_might/), + +https://preview.redd.it/1hnlg27hhyu61.png?width=1440&format=png&auto=webp&s=9eb0a00bf02b090d9d0adc161675d07285c64ab3 + +And making that little adjustment to the updated GME float... + +[Updated GME Float to 26.7 million - 49&#37; of GME float traded OTC](https://preview.redd.it/xqht0ymwjyu61.png?width=956&format=png&auto=webp&s=6fc7e76eb7bb76b585a12f533605bb26e19f2f88) + +Here's an approximation of what the updated graph would look like (Ape doesn't know how to make a new one) + +[Percent of Float Traded OTC - GME vs. Others](https://preview.redd.it/yzd78ydb41v61.png?width=702&format=png&auto=webp&s=7b9972345434869f6bed154027bef492400bb285) + +Yeah... I felt that too! + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +&#x200B; + +**Now for my updated post** + +Thanks u/WSBdickhead for the updated Bloomberg Terminal screenshots. These are all streamlined to include the entire premarket and afterhours (4:00 - 20:00 EST). He was also able to change a few settings on the Default search criteria to include "Odd-lots" and potentially some other black magic that my brain was too smooth to understand. + +Long story short - the "Custom" search criteria in the Bloomberg screenshots now equals the Nasdaq total daily volume. So no more missing bananas??? + +Not so fast... Let's analyze that data a little further. The missing volume is still not reporting on any of the Bloomberg exchanges. So these missing bananas are not even going through the "**FINRA ADF**" dark pool and therefore must be traded through some other **OTC dark pool** that is **deeper** and **darker** than whatever dark pool data is being reported as "**FINRA ADF"**. + +What we see by comparing the data is actually really interesting and I'd love some feedback on how we can use it, and what we can do with it. + +&#x200B; + +**Do we now have a window into the daily OTC / dark pool trade volume???** + +&#x200B; + +Total Volume data (**Custom**) - **Bloomberg** reported data = missing bananas (**OTC**) + +**FINRA ADF** \+ missing bananas (**OTC**) = % of daily volume traded off-exchanges + +&#x200B; + +I'll make a few more calculations from this updated data at the bottom of the post (see Excel screenshots). + +&#x200B; + +Thanks again u/Ravada for the daily Bloomberg Terminal drops! + +**Original 4/13 Bloomberg Terminal** + +[Original 4\/13 - 69.6&#37; daily volume traded off-exchanges](https://preview.redd.it/bn6iuqy36ru61.png?width=1918&format=png&auto=webp&s=65936b278cabee1385f2750f2884ac44ee0ca51c) + +**New 4/13 Terminal** + +[New 4\/13 - 69.38&#37; daily volume traded off-exchange](https://preview.redd.it/ty48gujq4ru61.png?width=720&format=png&auto=webp&s=796903c19cadd841cc8a8bb37eed352a6b870f6d) + +What changed? + +Now Custom = Total daily volume. So these bananas aren't necessarily "missing", but are most definitely traded OTC / Dark pool. + +Adding FINRA **ADF** volume + **OTC** (other?) volume means that **69.38%** of 4/13 daily volume was traded off-exchange / in dark pools. + +&#x200B; + +**Original 4/14 Terminal** + +[Original 4\/14 - 73.0&#37; daily volume traded off-exchange](https://preview.redd.it/8qg4oxmv9ru61.png?width=1918&format=png&auto=webp&s=545143c86da1aaf1b6eecdc10040808cab779e1e) + +**New 4/14 Terminal** + +[New 4\/14 - 72.88&#37; daily volume traded off-exchange](https://preview.redd.it/olkc97l0aru61.png?width=720&format=png&auto=webp&s=ea5ea0d6f7d4defb281dce96d2f21ce364f3673d) + +Adding FINRA **ADF** volume + **OTC** (other?) volume means that **72.88%** of 4/14 daily volume was traded off-exchange / in dark pools. + +**Original 4/15 Terminal** + +[Original 4\/15 - 70.9&#37; daily volume traded off-exchange](https://preview.redd.it/gcr4opr4aru61.png?width=1917&format=png&auto=webp&s=5684d8e2f1f6b63f782b22948ea40bd941287471) + +**New 4/15 Terminal** + +[New 4\/15 - 70.61&#37; daily volume traded off-exchange](https://preview.redd.it/r6gn75i8aru61.png?width=720&format=png&auto=webp&s=7e86f3517464077acf9b89c8938279b839f0090d) + +Adding FINRA **ADF** volume + **OTC** (other?) volume means that **70.61%** of 4/15 daily volume was traded off exchange / in dark pools. + +I'm going to take a few shortcuts for the rest and just show you the new terminals and have the % off-exchange in the captions. + +**New 4/16 Terminal** + +[New 4\/16 - 73.15&#37; daily volume traded off-exchange](https://preview.redd.it/g43ghp6caru61.png?width=720&format=png&auto=webp&s=779d32b39fb3669657dfea3fbfd287053ef0fe45) + +**New 4/19 Terminal** + +[New 4\/19 - 69.64&#37; daily volume traded off-exchange](https://preview.redd.it/ic5rimefaru61.png?width=720&format=png&auto=webp&s=6c161854a3369f85c6bcdf55e2f4cf7a2ddff22f) + +**New 4/20 Terminal** + +[New 4\/20 - 69.41&#37; of daily volume traded off-exchange](https://preview.redd.it/mkdgrarharu61.png?width=720&format=png&auto=webp&s=7a2ad9248a1f85e9ea0bc06c15215c6165468d21) + +I don't have streamlined (4:00 - 20:00 EST) Bloomberg Terminal screenshots of 4/21 or 4/22, but 4/21 had roughly **66.53%** of volume traded off-exchange and 4/22 had **67.06%** of volume traded off-exchange. + +Below is the raw data that I extracted from the terminals and calculations. The number of bananas traded **OTC** is highlighted, as is the total number of bananas traded off-exchange (OTC + ADF). + +**45,453,445 bananas** were traded off-exchange over 8 low-volume trading days - that's **170.24%** of the GME float! + +[GME Daily Volume](https://preview.redd.it/i5vg2t92tzu61.png?width=1128&format=png&auto=webp&s=80937ebed59c4f25b00dece5e40f291ddaae9626) + +&#x200B; + +[92.44&#37; to 94.99&#37; of Daily Trades are made Off-Exchange](https://preview.redd.it/qex7h8dx8zu61.png?width=1151&format=png&auto=webp&s=db5831379cdf5c2331d160a2b01238c7d33d3f23) + +All of the **smallest** trades are being made off-exchange. Look at the difference between size of trade (Bloomberg) and size of trade (Custom), which is the average size for the entire day. Now, I understand that most retail trades less than 100 shares are not routed to the exchange, but **over 92% of all trades** are routed through either "**FINRA ADF**" (dark pool) or traded **OTC** (darker pool). + +People seem to pay attention when numbers are presented as money ($$$) so maybe someone will pay attention if we put some $$$ figures on what's been going on. + +[Billions of dollars spent on GME are routed through Dark Pools](https://preview.redd.it/zzwmv9l6azu61.png?width=1002&format=png&auto=webp&s=08c66affe961a132d17dbac6ca8657afb25e05c1) + +Over 6 days of low volume trading, **$8.919 billion** was spent on GME bananas. Good work apes! + +They routed **$2.95 billion** through **OTC dark pools** and **$3.33 billion** through "**FINRA ADF**". Adding those together, **$6.281 billion** was routed off-exchange, accounting for **70.43%** of the 6-day total (**$8.919 billion**). + +Only $2.638 billion actually went through the exchanges. + +This data seems to corroborate the DDs posted by u/broccaaa and u/Doom_Douche . And it seems abundantly clear that GME trades are being handled much differently than any of the other stocks that were investigated, both in terms of size of trade (the smallest trades are routed to darkest of dark pools), and percent of float (49% of GME float) that is traded OTC. + +If we take the missing bananas for what I believe them to be (traded off-exchange in OTC dark pools), then **170.24%** of the **GME float** was traded in OTC dark pools across 8 low-volume trading days... + +&#x200B; + +**TLDR**: **Over 90%** of GME trades from 4/13 - 4/20 were routed through dark pools (**FINRA ADF** or **OTC**). **Over 70% ($6.28 billion)** of the money that was spent on GME bananas over this 6-day trading period was routed through dark pools (**FINRA ADF** or **OTC**). We may now how a way of tracking daily OTC / Dark pool numbers rather than waiting 2-4 weeks for FINRA data. They can't keep this up forever, especially if we can bring some attention to their corrupt antics for manipulating GME. And don't forget to VOTE! + +&#x200B; + +**Edit 1**: Formatting +Tesla (TSLA) Q2 financial results are out and the numbers look a little light. + +The electric car company reported revenue of $1.56 billion, falling short of analysts’ expectation for $1.63 billion. This came with a big net loss of $1.06 per share, which was much wider than the $0.60 loss expected. + +Importantly, Tesla delivered 14,402 vehicles — 9,764 Model S and 4,638 Model X — during the quarter, which was about in line with expectations. + +Tesla’s management has been criticized for over-promising while under-delivering. In its Q1 earnings announcement, management blamed “hubris” for causing production delays. Still, the company didn’t hesitate that it would ramp up production to achieve what RBC analyst Joseph Spak characterized as “a complex manufacturing ramp the likes of which we don’t believe has ever been seen before." + +"Based on … progress, vehicle production is now on track to support about 50,000 deliveries in the second half of this year, with automotive gross margin improvement,” management said on Wednesday. + +“Vehicle production efficiency is improving rapidly and we are now increasing our weekly production rate even further. Barring any further supply constraints, we plan to exit Q3 with a steady production rate of 2,200 vehicles per week, and plan to increase production to 2,400 vehicles per week in Q4.” + +Lately, there has been no shortage of controversy swirling around the car company and its charismatic CEO Elon Musk. From its SolarCity acquisition to its autopilot feature. + +Tesla shares are up about 1% in after-hours trading. +I own some apple but have been struggling with the 2T$ value. I’ve been watching the old Berkshire Hathaway annual meetings and it’s made me wonder “why does Warren continue hold so much Apple even though it’s the highest valued company in the world?” I get that it’s a great brand with a wide moat and they have the new chip, but I believe it’s trade at double the price above revenue it was even just a couple years ago + +Edit: Changed to 2 Trillion thank you ;) +[GameStop.com](https://www.gamestop.com/) || Shop [Internationally](https://www.reddit.com/r/Superstonk/comments/vyyzmx/gamestop_retail_international_nft_game_informer/) || [NFT Marketplace](https://nft.gamestop.com) + +GameStop [Investor Relations](https://news.gamestop.com/) + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +# 🟣 [Computershare Megathread](https://www.reddit.com/r/Superstonk/comments/xxh13d) 🎃🐦 + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +🏴‍☠️ [NFT Marketplace & Wallet Megathread](https://www.reddit.com/r/Superstonk/comments/vluysg/gamestop_nft_marketplace_wallet_megathread/) + +>Why is GameStop getting into NFTs? *WTF* even is an NFT? How do I set up a GameStop Wallet? How do I get a cool/custom wallet address? All these questions and more are answered here! + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +How to [feed DRSBOT](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/). Low karma? Post your DRS on r/GMEOrphans + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/) +As a lot of us know, TITAN recently crashed from a whopping 60$ to 0. + +Now, I got into iron finance pretty recently, entranced by the crazy APR's. I looked into it as it seemed too good to be true but the project seemed sustainable, at least for a few more months. I mean iron finance was not a new name, it was previously on BSC before making the switch. plus fucking Mark Cuban endorsed it. + +I bought in with 500$ worth, I know its not a lot but it was 1/4 of my total portfolio so its a lot for me. within days TITAN skyrocketed to 60$ and I was making profits of over 50$ daily. I could've and should've cashed out then, but I didnt. I wanted just ONE MORE day of the juicy rewards then I'd cash out. + +I went to sleep last night and when I woke up this morning, to my horror the price was tanked. I could've walked away with 1000$ yesterday but now I'm walking away with 0. this is because I was too greedy and wanted one more day of profits, and then the rug got pulled ( more of a bank run but still). + +now, I know this was my fault and I've taken a valuable lesson from this. NEVER get too greedy in anything, especially if you are a trader or farmer. many have lost far, far more than me and I feel for them. but the common factor with all of us who lost is greed. if something seems too good to be true it probably is. + +I'm not bothering with liquidity farms now, I'll concentrate on making fiat to recoup my losses and focus on investing. + +i hope my experience teaches you a lesson, and I hope no one makes the same mistake as me in the future. +I'm particularly interested in people actually living in these countries who are familiar with the markets in the region. + +Predicting how some on this forum will respond: so I realize some of these markets are still not at their pre-crisis highs. However I didn't invest in them back then, so that is not my question. The question is not if I should dollar cost average my savings into these ETFs over the long run either. + +To narrow the question further, do these stock markets have a high probability of returning another 20% in the short term (1-1.5 years)? Due to (I presume) discounted pricing over the last few years in Europe's "peripheries", are they a better bargain than $SPY? + +$EWP +$PGAL +$EWI +$GREK +So in Australia a bill was just passed that will allow police to access your social media without a warrant, they will be able to add, modify or delete data as they will. +At this point I'm about to just delete my social media as it isn't really worth having anymore. Im not doing anything wrong but the risks and violation of my privacy Is just becoming too high. + +This is downright CCP level bullshit and is completely unacceptable so I'm here to ask if decentralised social media could possibly be the answer to this or does it exist? +I was denied a promotion 3 months ago after over performing my role for the last 10-12 months due to my “team not being big enough.” I began to look elsewhere to see what offers I could get plus my happiness with the company had declined. Got into advanced talks with a company with whom I’m very interested by their technology. In the meantime my boss ended up leaving the company due to several factors work and non work related reasons. Another kicker is we’re expecting our first child in just 2 months so being able to get 4 weeks off at birth is important. + +Current employer is now approaching me about that position I was denied 3 months ago like a car salesman tactic, It’d be a 10% raise which I expressed wasn’t enough. Only thing I’ve been told is there is something in the works. + +Well 2 days ago I received an offer from company B; 23% raise, 5k sign-on bonus, and I qualify for parental leave, with much less responsibilities. The commute is similar, benefits similar, better PTO. + +I fully expect a counter offer considering the circumstances, once I put my 2 weeks. I’m wondering if I entertain a counter offer from my current employer? Feel like it’d have to be a significant offer (30%+) to consider. As it would be what I’ve been doing plus more. Then I think I’d be unhappy again after a few months, but at least I’d have my leave (in 2 months) to break things up. I know accepting a counteroffer is 50/50, it either works out or it doesn’t. + +Edit: thanks all for awesome points, more or less I think I don’t want to regret leaving a significant amount of money on the table. Then I recognize money doesn’t buy happiness. First time in my career I’m in this kind of position. + +Last edit: Thanks all for the amazing info and experiences. It has been very helpful! The right decision here is to move on. ✌️ +Hi folks, looking to get some insight from folks who have experience in angel investing. I have an opportunity I am underwriting right now where I could potentially partner with someone on a startup. + +*Relevance to FatFIRE* + +Angel investing falls in the high-risk, high-reward bucket. For those aiming for fatFire, a single successful partnership or exit can leap-frog you straight to your target number. There is also the potential to negotiate ownership stakes in businesses to secure longer-term income and growth for retirement. With the implosion of the "Growth at all Costs" model, I'm seeing a shift away from these crazy funding rounds and exits based on made-up speculative valuations. I believe it will be healthy for the VC/PE market long-term, but it represents a change in approach from what we've seen with Uber, WeWork, etc. + +&#x200B; + +*The Context* + +My long-term fitness coach is looking at expanding his practice to build a fully-intergrated wellness/health model that does everything from nutrition, to coaching, to primary care in house. I find the model really interesting and I think there's huge opportunity to consolidating these various functions under one roof. One of the biggest challenges in American healthcare is just how fractured and opaque everything is. His business is already quite successful and he has a lot of the pieces in place (already has an MD on staff) - this is the next step. + +He's looking at buying 100+ acres to start to develop these facilities and scale up. He is trying to avoid traditional financing and go through private investors first. + +&#x200B; + +*My Background* + +I'm a professional real estate developer, so I've got experience with negotiating land deals, financing construction, managing development projects, etc. etc. I would be bringing that experience and knowledge to the table in addition to whatever capital I put in. I've already advised him on some potential pitfalls to consider when making his offer and we've discussed different seller-financing strategies. This is my bread and butter. + +That said, to date all of my projects have either been entirely self-funded or have used conventional financing (outside of private money on some flips and rehabs, but nothing at scale). I've never syndicated before - I'm tangentially familiar with the space but have never been involved in one myself. I'm not looking at doing the fundraising, but the syndication model is the mental frame I'm using to evaluate this. + +&#x200B; + +*How Do I Approach This?* + +So, I'm interested in being a long-term partner on the business. What are the various ways I could approach this? I'd love to get feedback on how to think about buying an interest, whether it's beneficial, potential pitfalls, etc. Basically I see two potentials at a high-level: + +* Invest as a Limited Partner - Put money in as an LP and ask for some return on capital. If I go this route, how do I evaluate what % is reasonable? What are the various ways to structure a return? Do I do some percentage + primary investment, or what? How do we approach hurdles? What if there are additional requirements for cash injections? +* Invest in return for ownership - This is honestly more interesting to me. On my own projects I target a minimum of 30-40% return on invested capital. Of course, it's much more hands on, but it's hard for me to find 10% returns attractive when I get triple that by simply scaling my own projects. So, it seems that this might be the only way to make it make sense. That said, I have NO experience in how to even set up a proposal like this. How do I make a proposal for equity that is fair? How do we approach management of the business going forward? How would my role change as a minority partner (and how does one operate as a minority partner effectively?) + +I'd love to get the feedback of folks who have done this before. There is a lot of "I don't know what I don't know" so any input would be greatly appreciated. TIA +I make 100-115k a year at 27. + +I’ve been offered a riskier (sink or swim) job starting at 150k a year, but I know that I can hit bonus objectives and clear 200k easily. Ceiling is probably 300-400k after several years of service. Problem is these guys work 12-15 hour days and literally never vacation. + +Any old timers here have any advice for that? My current career trajectory — I have infinite job security, endless vacation, and am self managed. Ceiling is very high but you don’t start making 200-300k until you’re in your 40’s typically. + +Has anyone ever taken the plunge and left this behind? I’m interested in hearing some life experiences from those who have gone through this. +https://www.cnbc.com/2019/09/16/weworks-on-again-off-again-ipo-delayed-again.html + +After a series of setbacks on the road to an initial public offering, the parent company of real estate start-up WeWork is delaying the move. + +The move comes days after The We Company, WeWork’s parent company, announced sweeping corporate governance changes. + +SoftBank, WeWork’s biggest outside investor, was also reportedly pushing to shelve the IPO. +So here goes. I really want to open a food truck. Ive been doing heaps of research and ive sort of worked out the numbers. To get a full fitted truck or tailer i will need a minimum of $50k. After that i will need atleast 6 months of running costs covered in case sales arent what i expect. Thats probably $100k give or take. Thats a guesstimate. I dont have this kind of money nor do i want to get a bank loan because i just finished paying of $25k worth of credit card debt and i never want to do that again. I was thinking of joining a government job as a police officer to earn a good stable living while saving up for the trailer. Im 28 next week and my best friend reckons i should take the loan and get started now because if i go down the stable government job path in 5 years i will be too comfortable to take a risk or be in a position where taking a risk isnt an option like having a wife and kids etc.. (im single af right now lol). + +I just fear that i will take out the loan and the business wont work leaving me in a mountain of debt. + +What should i do? Any advice regarding food trucks and finance or even working as a police officer would be much appreciated. + +I live in Sydney. +I’m a 28 year old fully qualified tradesmen in an unfulfilling role. I’m making a decent wage at the moment but nothing too extreme and not sure how much room there is for progression. +I’ve been offered a new apprenticeship in a role that I feel will open more doors and make more money in the long run but the hit to my wage initially is very off putting, nearly half of my hourly rate. +Basically what I’m trying to put into savings per week will be lost. +Is it too late to earning this low of money? +Are there budgeting tips for low income earners? Or budgets templates I could use to ease the strain +[https://www.abc.net.au/news/2022-03-16/mortgage-stress-set-to-rise-with-interest-rates/100912336](https://www.abc.net.au/news/2022-03-16/mortgage-stress-set-to-rise-with-interest-rates/100912336) + +Article mentions: + + "estimates that 1.5 million households with a mortgage are currently in financial stress, which he defines as spending more than they earn. + +That's 42 per cent of mortgagors." + +But then article goes on to talk about others having a war chest of savings. + +How is this possible ? Have banks failed in their lending and people have overcommitted. Have household incomes taken a belting due to covid (but savings rates have increased). + +Surely it is not possible to have bought in the recent upswing and already be in mortgage stress. + +What's going on in the real world ? +[https://techcrunch.com/2019/10/21/report-softbank-is-taking-control-of-wework-at-an-8b-valuation/](https://techcrunch.com/2019/10/21/report-softbank-is-taking-control-of-wework-at-an-8b-valuation/) +I have been dodging calls for a while now. + +I know this is my fault ultimately. + +My stomach is in knots. + +My eyes are red & bleary. + +**$12,598** + +That’s how far behind I actually am. + +But yesterday I was approved for $612 for heating/utilities assistance & I sold an air fryer for $45! + +Life sure is a rollercoaster… + +Something snapped or clicked after I got off the phone though… I don’t quite have words for it other than a feeling of quiet determination perhaps. Or resignation, maybe..? + +I’m in this position because of my own stupidity. COVID & a *treacherous* mother-in-law didn’t help, but I can’t blame them. I want to overcome all my debt & all my excuses. I want to prove everyone wrong who thinks I’m just a doormat. + +I deserve to be without debt- financially &amp; emotionally. No more excuses. + +**The moral of the story kids:** it’s better to face something before letting it become a monster in the shadows. + +I know it’s obvious & maybe a little hard but check your accounts, check your credit score, call back when you get a message, look at your emails even if you’re worried. + +Facing things as they come is better than hiding while they fester. + +**edit:** thank you all for the kindness & support! It genuinely fills my heart. :) ♥ +In May of last year Josh and Jessica Jarrett requested a refund of income tax they paid on Tezos staking rewards in 2019. (Around $3200 for approximately 8800 Tezos tokens) + + + +Today, the IRS has decided to issue that refund. + +They will not refund any amount that was sold, obviously, but the couple is getting refunded for the entire amount requested, the tax they paid on the rewards that they did not sale. + +This could be huge for everyone involved in cryptocurrency. + +**My opinion: Nothing else is taxed at the moment of creation. You don’t pay tax on gold that you pan in a stream and keep. The federal reserve doesn’t owe income tax to the IRS when it prints money.** + +The records will be made public Thursday and **the IRS has not made any public statements**. + + + +**Source: Blockworks .com** , **forbes .com** + +The Jarrett couple argued that new coins are tax-payer created property and should not be taxed until sold or exchanged. + + +##Edit: For those that are unfamiliar, the IRS views cryptocurrency as property, a capital asset. There are two methods of taxation, capital gains tax and income tax. + +##When you sell, trade, or dispose of a capital asset you incur **capital gains tax**. + +##When you receive crypto through staking rewards, mining, airdrops, the IRS views that as income and it’s subject to **income tax**, just like interest you earn on fiat in a traditional bank. + +##You owe income tax on it whether you sell or not. + +##This is what is in question, taxing something that has not been sold or traded, only created. +Hello everyone, +I am finishing a degree in business and in the next year or two will be applying to Top 10 Law Programs, as becoming an attorney is the way in which I want to ultimately achieve my goals financially. Are there any attorneys/big law attorneys in this forum? If so, what methods did you use to increase your income/invest apart from your relatively high income as an attorney? + +I have been targeting end of next year as my FIRE date. Some background - 40 year old couple, 2 young kids in elementary school. Live in a very Hcol (california bay area) and would like to continue living there because our family and social circle is all here. I currently make 1M/yr before taxes. ~5.4M in investments (around 1M in tax sheltered accounts). We have a large mortgage with a 14k monthly payment for the next 13 yrs (3.125%, 1.85M remaining). We don't want to downsize or move houses. No other debts. Outside of the mortgage our monthly expenses are 12k - about 1.5k out of that is child care, 2k is properly tax and another big chunk is travel. + +Given the above it feels like we have enough to FIRE but I seem to have fallen into the one more year trap given I can just work a couple more years to make the pot bigger (if I continue working we can easily save 300k/yr). At the same time there have been a number of health related issues in our immediate and extended family which makes me realize how important it is to enjoy your healthier years especially with young kids. + +What would you do in my situation - FIRE end of next year as planned or continue working for 3-4 more years to make retirement even more safe? +I hope that you fine people can give me some advice here. + +Long story short: 10 years ago I opened a joint account with my ex-husband. We shortly after got divorced, and I had forgotten about that account. Apparently he still used it for a while, and last year, it went negative, and he never repaid. I tried to open a joint account with my current husband, and was notified through the bank check-system about this old account. I immediately went to that old bank and settled the account (it was only $100, easy to resolve). This was September 15th. + +Fast forward to today and I check my credit report through CreditKarma. I have a new collection notice on my credit history now, for that bank account, and to add to the frustration, they're reporting that I've only paid 80% of the $100 limit. + +How do I take care of this? Do I contact the old bank? Do I contact the collection agency? Is there a way I can get this removed from my credit history? I unfortunately didn't keep the receipt (because I had thought it was taken care of in full, why would I need this? I'm rolling my eyes at myself so hard right now), but I feel like I should be able to get a copy of the receipt from the old bank (fingers are crossed). What would be the best way to proceed with this? TIA + +ETA: sorry for any confusion, I hope this clears it up- I paid in full with the bank. They had even contacted their collection department to verify that the total balance (including any fees) was a total of $100. I paid $100, received a paid in full letter and receipt (which I misplaced or lost). Collection agency reported that Ive paid 80% of total balance (total balance $100, amount remaining $20) + + +**UPDATE: I checked my report with all 3 credit bureaus, and found it had only been submitted to one (so far). I disputed it yesterday, and received a response this morning. Transunion has deleted the collection from my account! I am still going to go get a copy of my Paid In Full letter from the bank today, in case this pops up again. Thank you all for the helpful advice. I had a whole plan laid out for how to handle this because of you guys. (Also, lesson learned, ALWAYS keep Paid in Full letters, and if you get a divorce/dissolve a relationship, make sure to close any and all joint accounts 👍)** +I recently got an offer for a financial analyst II position with a fortune 500 co. Company has between 75-95B market cap and is in the tech sector. Starting salary is between 60-65k base - not including incentives. + +My background: BBA Accounting and CPA eligible, though I haven't started testing yet. I have four years in industry and great work references. I am solid with GAAP. Frankly, with my shitty GPA (we're talking 2.55 from a small university) I am shocked I even got an interview much less an offer. + +My question is this, I am not exactly sure what the day-to-day would really include. According to the job responsibilities, the position consists of forecasting (never done it), budgeting (never done it), tracking rev/exp (experienced), perform economic research (never done it). Can anyone provide me with some insight as to what an FA II normally does in industry? +Let's start this out by saying everything here is mostly estimates. Info is from various sources, but a lot of it is "roughly". Nothing is from "I saw someone say that.." the info is from various sources on google. Please do your own searches on any info you doubt. The points remain the same even with a few percent differential. This is strictly to get a realistic view of retail power. There is lots of data out there, some of it contradicts or is different from one another, I'm just trying to give you some data. I'm sick of the "retail is nothing" push, and I'm here to prove it wrong. + +USER NUMBERS FOR BROKERAGES + +* Robinhood 13m users, - **7.5m owned GME** during a period in Jan. We know around 50% of users held GME on robinhood in Jan. + * Average account size - [$3500](https://www.businessofapps.com/data/robinhood-statistics/) (Other estimates are $1000-$5000 from J M (<- for automod) Pee, and $4800 from Alphacution) Total would then be $45.5B. Used this line of data for anything I did later.. but.. + * " J M Pee Securities analyst Devin Ryan estimates Robinhood’s total accounts are now closer to 23 million" [Here](https://www.cnbc.com/2021/02/25/robinhood-is-still-on-track-for-a-hot-ipo-despite-the-gamestop-controversy-.html#:~:text=Robinhood's%20Tenev%20told%20Congress%20last,about%20%245%2C000%2C%20the%20company%20said) + * "Its average account size is about $5,000, the company \[Robinhood\] said" \^ same link as above +* E-trade- 5.2m users + * Assets under management (retail) $346 billion + * $66,538 average acc size for retail +* TD ameritrade- 11m users + * Average account size [118k](https://www.fool.com/the-ascent/research/online-brokerage-statistics/) + * $1.3 TRILLION total +* Interactive brokers 1.25m users + * Average account size 264k [(this is a PDF by the way)](https://investors.interactivebrokers.com/ir/main.php?file=latestMetricPR) + * $330B total +* Allyinvest - 350k users + * Average account size [22k](https://www.fool.com/the-ascent/research/online-brokerage-statistics/) + * $7.7B total +* WeBull (at least) 2m users + * Rough estimate average account size [$3k](https://www.brokerage-review.com/investing-firm/assets-under-management/webull-aum.aspx#:) + * Rough estimate total $30B +* Schwab (as of June 2020) 14.1m + * Average acc size [327k](https://www.fool.com/the-ascent/research/online-brokerage-statistics/) + * $4T total +* Fidelity 30m users, harder to find exact numbers on Fidelity + * "Approximately [$3.6 trillion](https://www.brokerage-review.com/investing-firm/assets-under-management/fidelity-aum.aspx) of broker’s client assets are in non-managed accounts and funds." + * 120k average non-managed (based on above figures) + * "About $1.3 trillion are managed by Fidelity investment advisors" \^same article + * 43.3k average managed (based on above figures) +* Tradestation 1m users <--- this one may be very very inaccurate, struggling to find good info +* Merrill Edge (as of sept 2018) 2.5m <----- Also been hard to find great info on them, not thrilled with my source + * (As of June 2020) "responsible for more than [$962 billion](https://www.magnifymoney.com/blog/investing/merrill-lynch-wealth-management-review-ria/#MerrillLynchWealthManagementshighlights) assets under management" + * That would mean average user $24.8k +* Vanguard 30m+ users + * Read [this PDF](https://personal.vanguard.com/pdf/how-america-invests-2020.pdf), a LOTS of good info in here. Read below first, 2nd bullet is important to understand. + * "Recognizing that the household is the primary economic unit, the focus of this analysis is at the household level. The universe for our analysis consists of 5.1 million Vanguard retail investor households. The median household size is one person. Collectively, **households in this report are investing close to $2 trillion** in their accounts at Vanguard, with a median account balance of **$60,900.**" + * "**for this report, only those enrolled in Vanguard Personal Advisor Services® (PAS) are known to be advised**" - I assume this is why they have 30m users, but only 5.1m in this report. Not everyone uses PAS, that's for getting access to advisors (and paying a fee). + * Vangaurd reports [30m investors](https://about.vanguard.com/who-we-are/fast-facts/) and total of $6T AUM +* Firstrade 1m+ users + * These are estimates, but [7k average account size](https://www.brokerage-review.com/investing-firm/assets-under-management/firstrade-aum.aspx) for a total of $70B AUM + +97.9m\~ users WITHOUT including Robinhood. Just shy of $18 TRILLION rough numbers. Then remember, *there's international markets*. [This article](https://edition.cnn.com/2021/01/29/investing/china-gamestop-investors-intl-hnk/index.html) doesn't have sources, but it points out how global GME went. There's many more articles like it, for plenty of countries. Europe, India, Asia are several places I saw people trying to get in on the action. "China’s approximately 200 million retail investors trade more often than any other investors on Earth—81 percent said they trade at least once a month" [From this article](https://www.cnbc.com/2015/07/09/three-charts-explaining-chinas-strange-stock-market.html) + +*Let me remind you that a stock like GME as of today has estimated between 27m-40m shares in the float, and a market cap of 18.4B at today's price.* **Retail has no control my ass**. Lets take a look at this: + +A graph of apple users versus apple price from robinhood's API in 2020, going up to 8/6/2020. They stopped offering this information via API at this date. We can ignore apple price here, we're looking just at ownership. + +&#x200B; + +[Source: Robintrack.net](https://preview.redd.it/1xji566rn1n61.png?width=1633&format=png&auto=webp&s=202fbbb95234ba5a1a6ae13453c992879805b25e) + +The above shows on 8/6, 730k RH users owned Apple. That's 5.6% of users at the time using their 13m users number, which the total user number I would speculate is a bit lower at that time, as they grew from 10 to 13m users in 2020. RH stopped their API showing this info, so 8/6 is the most recent you can get on any company. + +&#x200B; + +GME was the most popular stock on RH, so I find it reasonable to believe at least 5% owned it, most likely WAY WAY more considering the global exposure this got. Once again, RH average account size is $5k. Please do the math here of how Jan may have looked. **This is ONLY on Robinhood**. Of course this is speculation here, but I feel that it's pretty reasonable. It's speculation based on prior data. & if users really are 23m, that's even crazier. Here's math below about what GME could have looked like. This is based on 13m users. Then, **add all of the other brokers**. This chart is only robinhood. You get the idea. Realistically, *other* brokers ownership percentage probably isn't *as* high, but it's still going to be way up there, especially during the GME phenomenon. + +&#x200B; + +|If average # of shares per person is|% of RH users that owned the most popular stock|Total shares owned on RH| +|:-|:-|:-| +|1|5|730k shares| +|1|10|1.46m shares| +|5|5|3.65m shares| +|5|10|7.3m shares| +|10|5|7.3m shares| +|10|10|14.6m shares| + +&#x200B; + +Anyways, moving back to the more broad discussion and no longer focusing on GME. + +"The **total market capitalization** of the **U.S. stock market** is $50,808,508.7 million(over complicated way of saying $50.8T (12/31/2020)" + +&#x200B; + +[Source: https:\/\/www.nasdaq.com\/articles\/who-counts-as-a-retail-investor-2020-12-17](https://preview.redd.it/ludljsdtn1n61.png?width=1003&format=png&auto=webp&s=1cd3e4113641f443d002de2dde95913532440a47) + +It appears our estimates line up pretty closely with other data. *Notice how mutual funds are SEPERATE here.* + +So why does retail "not control the market" ? + +Personally, I disagree with this statement. Retail does control the market. **Then why is there a narrative that retail doesn't control the market?** Two main reasons in my opinion. Yes, this is speculation based on data. Form your own conclusions. Here's insight into mine. + +1. Retail isn't coordinated. Even though we collectively own over 1/3 of the market, we can't coordinate things like the elite can. We can't dump 1 million shares all at the exact same time to tank a stock price. We can't control the media narrative because we don't own/aren't in bed with the media, so we lose some influence here. Retail doesn't control the day to day action on a stock, but retail controls it from a broader sense. *One raindrop cannot cause a flood, but continuous raindrops over an extended period of time do*. +2. Information **IS** becoming a commodity, there's just so much shit and misinformation to sift through right now, it's difficult for most people. Retail gains more and more control every day through decentralization and increased freedom of information on the internet. *They ARE terrified of retail*. The potential for "power" to shift back to the people out of the elites hands is higher than ever with the advancements of tech. I could write a whole paper on this concept. I believe decentralization is the future for everything. Information, politics, money, stocks, etc. It is imperative for the elite to keep this knowledge away from the people. Knowledge is power. Poverty and education are linked significantly. Keeping people in the dark and unaware of their capabilities is an extremely powerful tool that has been used to suppress people since civilization began. + +I know above points might sound a little bit over the top, but these are my opinions based on data. I'd be happy to engage in talks around any of these points. There may be data that is just plain wrong, or that I misinterpreted. Please poke holes in anything. + +Edit: /u/alice_oe made this data point “I use the European broker eToro, they have 20 million users and their app currently shows that 9.49% of them holds GME. In January this number was around 15%.” +Heavily supports my points made, felt like it’s important. +2019: Indian real estate sector witnessed high growth in the recent times with rise in demand for office as well as residential spaces. Real estate attracted around Rs. 43,780 crore in investment in 2019. +The retail segment attracted Private Equity (PE) investment of around US$ 1 billion in the same year. + +Institutional investment in the sector stood at US$ 712 million during the quarter ended March 2020. Real estate attracted around US$ 14 billion from foreign PE after 2015. + +According to the data released by Department for Promotion of Industry and Internal Trade Policy (DPIIT), construction is the fourth largest sector in terms of FDI inflow. + +FDI in the sector (includes construction development and construction activities) stood at US$ 42.50 billion from April 2000 to March 2020. + +2020: The start of the financial year coincided with the start of the Covid-19 induced Lockdown i.e end of March. + +The job losses and salary cuts resulted in lower purchasing / investing power of the people. This shifted the priorities of many from investment in real estate to investment in family security especially in health. + +The migration of workers from cities to towns- villages opened up a new realty sector opportunity in these tier-2 and tier-3 regions. + +In the start if the pandemic, many experts stressed on how Real Estate Investment Trusts are one of the safest (low-risk) investment in comparison to others. But then this was contradicted by the recent report by Knight Frank India. However it is the fall in this market is suggested to be temporary owing to the unannounced and unexpected Corona Virus. + +Why is there a decline ? They say many offices are planning on adapting Work from home for longer periods. This will reduce the demand for business parks and office buildings. Many factories and businesses are shutting down as people are going back to the roots adapting occupation like farming and agriculture. + +However there is never a decline in price thanks to the deep rooted curroption and money-laundering his market is highly infected with years before Corona. + +Shockingly this Virus has forced the prices of such sector to fall as well. + +1- Will people now invest in Real estate after the fall in prices? + +2- Do you think it is safe to invest in Real Estate considering it's dynamic behaviour? + +3- What do you think is the solution for improving the real estate sector (eg- curbing curroption, bribes , etc and bringing transparency) ? + +4- NRIs are showing interest in Indian Real estate investments , is that good for our economy or not so good in the long run? + +For precise information I referred to this article. You can glance through it too and let me know your opinions on Real Estate Investment, let's discuss to see if investing in it is a boon or bane? + +https://www.theindianwire.com/business/debris-to-buildings-everything-you-need-to-know-about-indias-real-estate-in-2020-285584/ +Has anyone in the community ever thought of investing in Guyana directly or via FOF? + +Guyana is on the brink of unimaginable oil wealth - wealth that could make the country the richest in the world on per capita basis. + +ExxonMobil discovered more than 8 billion barrels of recoverable crude oil near guyana's shore. ExxonMobile also estimates to produce 1 barrel of oil per person/ day by 2025 which is more than any of the wealthy oil countries produce currently( Kuwait produces 0.80 barrel per person.) +I am a 24-year-old man attending university this semester on a combination of a 529 college fund set up by my grandparents and a $2,800 federal Pell grant. After I used up what was left of my 529 money, I still owed my school roughly $600 for the semester. At this point, the federal Pell grant kicked in and I got over $2,200 in a refund, which *absolutely* had to go to car repairs (brakes, new tires, etc.) and to pay my rent for the month. + +I recently started a new job at a very high-end restaurant as a busser/food runner ($10/hour) in hopes of becoming a server to make good tips, but a few weeks after I started I was told by management that they need me to stay in the position I'm at now until "after the holidays." I don't have that kind of time, the rent is due and I just burned through the last of my savings to pay for that and groceries. I make roughly $1,100-1,200/month and it feels like I'm chocking to death over my finances. + +My monthly expenses are as follows: + +- Car payment - $200 (2010 Honda Accord, $6000 left to pay off and it burns oil) +- Car insurance - $250 (accident earlier this year, plus I live near university, which has many risky student drivers) +- Gas - $80 ($70 for gas, $10 for a quart of oil every month) +- Groceries - $150? +- Prepaid Tracfone - $20~/month to replenish data/minutes/texts +- Rent - $413 + +I do not have any credit card debt, and I've got a $2,600 subsidized federal loan to repay for health insurance for the school year, as it was mandatory to have. As far as I know, I've cut every expense *to the bone* and the only thing I can think to cut next is the car, but that isn't possible since I need it to get to work and I still owe money on it. + +I'm strongly considering dropping out of my state university so I can find extra work. The bills are piling up and I'm stuck working a BS $10/hour job at 25-30 hours a week. I've been looking at reputable, online universities like Arizona State University or Penn State University to finish my degree while I work full time elsewhere to take care of myself. I feel like I can't keep going to a brick and mortar school anymore because it tears me away from being able to pay my bills. + +What can I do? I feel really depressed and scared and I don't know what to do next. I absolutely CANNOT afford any extra bills right now, let alone another $5,400 in school-related bills ($2,800 pell grant + 2,600 federal subsidized loan). + +-- + +**EDIT:** [FOLLOW UP STORY HERE](https://www.reddit.com/r/personalfinance/comments/73p99b/update_im_facing_major_financial_hardships_while/) +I used to carry mail and the postal service has been showing signs of trying to trainwreck their own business for a long time. + +Lo and behold: + +https://www.reddit.com/r/Superstonk/comments/tz2k7r/bcg_and_the_united_states_postal_service/ /u/pmmewifenudesucuck nice find + + +https://about.usps.com/future-postal-service/bcg-detailedpresentation.pdf + +https://about.usps.com/strategic-planning/cs10/CSPO_12_2010_FINAL_005.htm + +This says they're also involved in the postal service of other nations too: https://www.workers.org/2013/08/10387/amp/ + +https://www.savethepostoffice.com/postal-service-unrolls-its-five-year-plan/?amp=1 + +https://www.washingtonpost.com/news/wonk/wp/2013/11/11/at-this-point-amazon-really-might-as-well-just-buy-the-postal-service/ + +https://www.nextgov.com/it-modernization/2010/03/technology-the-problem-and-solution-for-postal-services-238-billion-shortfall/46105/ + +https://govmatters.tv/united-states-postal-service-hiring-effort-reflects-countrys-labor-shortage/ + +Edit: /u/longjumping_college found the connection the other day too https://www.reddit.com/r/Superstonk/comments/tz75kr/bcg_is_responsible_for_privatizing_post_office/ +Hello all + +Throwaway account - I have got myself nearly 8k in debt because of a gambling addiction over the last six months. Some back story... + +I had always been fairly good with money, saved regularly enough to buy my own home with my wife last year, at long last. + +Not long after we completed I put a £20 bet on the football that came in and I won £2,000, which for anyone is fantastic. Only for me, I thought that I could turn it into more, and I did. After a few weeks I had £6,000. + +Long story short, you know what happened. My greed took over and eventually I lost it all, placing stupid bets in a desperate attempt to pathetically claw it back. When I hit 0 I was devastated. My wife was very angry as that money would have been incredibly useful for us as new homeowners but my selfishness, greed and desire for more cost us all of it. + +I vowed I had learned my lesson, but I didn't. I became addicted, convinced myself that I could get that money back, and now I am in debt and don't know what to do. + +I have racked up 4k on a credit card with interest that is working out around £80 a month, and have also spiralled minus 3k into my overdraft, which is now penalising me £3 a day. + +The anxiety and heaviness in my stomach as I have gone further and further into this pathetic adventure came to a head last night as I broke down and admitted to my wife that I had secretly been gambling, which was devastating to her. + +I don't want to feel like this again. The only positive is that I feel glad she knows because now I have no options other than to put this behind me. + +I work full time earning £30k a year. My take home pay is around £1,800 a month. My wife works part time and brings in around £800/1k depending on whether she works weekends. + +My household bills including mortgage (£725pm), utilities and council tax come to around £950. We have no cable TV. Phone contract is only a few months in costing £40. Travel to work is about £280 a month. I make my own lunch most days of the week. I have no savings having paid our house deposit out of my money. My wife is very sensible and has 9k in her account. This what I pay £900 into for our mortgage etc. + +Please, can someone advise what I should do? Transfer the credit card balance to a 0% interest one and pay that off first, or focus on the overdraft? Should I speak to the banks to try to negotiate a better deal? How sympathetic would they be given this is a problem of my own creation? + +I have some things I could sell, a laptop, phone, old xbox, even if it would put a dent in it. I just don't know where to begin. + +I have also contacted Gamblers Anonymous and closed my betting accounts for anyone wondering. I am determined to set this right and never bring my wife and into this situation again. + +If there is anything else you need to know please ask. I am grateful for any advice. +Throwaway account just because I will be using some personal information in this post. + +I was wondering if anyone could offer some advice on our situation in regards to mortgages. + +My partner and I are first time buyers looking to buy a house in the next 6 months. I earn £46,000 a year and my partner has stopped working to take care of our baby and has just finished maternity leave, so no income there. We have £60k for a deposit which we have saved over the years. + +I've tried to get a mortgage in principle but it seems that the most they are willing to lend is £208,000. This gives us a budget of around £260,000 so that would be a 80% LTV paying under £650 a month over 35 years. We are really struggling to find something that we like in that budget, living in the south east and with all of the money moving out of London due to the pandemic the competition seems to be extremely high. Just recently we found somewhere but we were priced out by over £20,000. + +We're finding it really frustrating as we are paying £1200 in rent a month which we can afford comfortably and still save £6000 a year. Something just doesn't seem right. + +&#x200B; + +Edit: Thank you to Everyone who has taking the time to comment. I'm not sure exactly what I was expecting from this post, but it's good to know that this is a 'it is what it is' kind of situation and that others are in a similar boat. For those who are commenting saying rent payments are irrelevant, I am well aware. I just think that with a reduction in monthly costs plus the money I am already saving each month would easily cover maintenance. I think we will have to continue renting until my partner is in a position to go back to work. Either the house prices will crash and we'll be in a good position, or they will double and we'll be in a worse position. Who knows. +So VIX was down big today. Word on Reddit was it was because of OpEx...so that is what likely caused it. + +But the why...Why does OpEx affect VIX? What are market participants doing on OpEx that would suppress VIX? + +And going forward, is this the new normal for VIX? Or are VIX/VXX calls 'free money' given the uncertainty of earnings season and covid resurgence likely leading to policy negatively affecting commerce in the US? + +I Googled this a bit before asking, promise. I read over the formula to calculate VIX, but what numbers going into the equation changed to cause this lowering. [1](http://www.cboe.com/products/vix-index-volatility/vix-options-and-futures/vix-index/vix-faqs) , [2](https://www.investopedia.com/articles/active-trading/070213/tracking-volatility-how-vix-calculated.asp) +http://www.theatlantic.com/business/archive/2016/05/american-financial-hell/481107/ + +Another article in the *Atlantic* series on financial insecurity. This one argues that it is the costs associated with raising children, especially education and housing, that is driving financial insecurity. The interesting part of the argument is that she links housing costs to good school districts. Parents want good schools for their kids, and will stretch their financial capacity to buy a house in a good school district. She points out housing and student loans are the largest debts that Americans carry. Furthermore, she cites statistics that childless adults are far more likely to build up their wealth. + +It is an interesting article with some great links to informative sources. FWIW, I'm a parent and can attest to much of the article. Being a parent puts you in some nasty dilemmas financially speaking. For example, when we were childless, my SO and I were living in a $800/month downtown loft. When we had a kid, we found a relatively cheap housing in a good (but high tax!) school district and went to having a $2000/month mortgage. Then we faced the stay-at-home parent vs. childcare dilemma. It made more financial sense for both of us to work, but daycare costs $800/month, a completely new expense for us. Still, we are doing OK by the primary FI metric. Our SR is 47ish %. + +Now for those of you who are childless and swear after reading this that you'll never have kids, she also cites research that parents report a higher level of overall happiness. Another dilemma! + +Thoughts? +Haha no, I have not become FI at age 26. But after posting about how much I should spend on a car in /r/personalfinance, I got some feedback and realized what I truly want is freedom. + +I've only been out of school for a year and have already come to dread the idea that I will have to do a job I don't like for essentially the rest of my life. At the same time, I don't want to waste the schooling my parents paid for and take the risk of starting my own venture. + +Reading the stories on here has opened my eyes and has shown me that the life I've wanted is within reach. + +My journey is just getting started. I have roughly $75K saved up right now and have been reading all about where to put my money to use. Seems like $1-2mil is where people feel comfortable quitting their job. + +I'm so happy I found this sub I could not be more excited to be a part of it! +If your emergency fund was enough to cover three months of your outgoings a year ago it likely isn’t enough to do so right now - as your monthly energy bills, food costs, transport costs etc are likely to have increased. + +Have you added to your emergency fund to offset this (difficult when your day to day costs are going up) or are you going to just live with a smaller buffer at a time when you may potentially need it more? + +Hasn’t really been something that has come up for the past decade or so due to the very low inflation, but if inflation runs at 10% a year, the real value for an emergency fund is going to be eroded quite quickly. + +Interesting to know if others have thought about rebalancing or are just hoping inflation starts falling again soon and are OK with a smaller emergency fund. +I know it's a bit morbid but will there be any positives to look forward to for any particular situations? For example I've seen farms advertising on here for workers in the UK... + +Edit: long time not long but! +Hi everyone, + +Long time reader and admirer of people that have achieved FAT fire on here. + +I’m in a slightly different situation to most people on here as my income is from professional sport and I only have a limited timeframe for earnings. I’m approximately halfway through my career. + +Total earnings post tax so far 3.4 mil. + +Under contract for 3 more years, worth 5 mil post tax + +Assets +1 apartment full paid earning 8% rental return on purchase price of 130k +1 apartment fully paid 140k not earning any income with a family member living in it +1 apartment with 75% paid off purchase price 360k earning 1200 per month. +Primary residence 25% paid on a 15yr mortgage purchase price 1.5 mil + +700k approximately split 80/20 between a world etf and a emerging markets etf + +I’m DCA Into these 2 etfs approximately 60-80k per month and will continue to do this for as long as I can. + +50k of random individual shares + +My ultimate goal is to be able to finish my career with a steady income from investments to the point where I don’t need to work for money and can work in something I enjoy. + +Obviously biggest thing for athletes is lifestyle creep and in aware we’ve had a little bit of this. But I’m trying to keep it under control. My monthly spending is approximately 10-15% of my monthly income. The rest goes into cash savings for future investments, DCA into the ETF funds and paying the mortgages. + +I’m always a little unsure because unlike most people here I’m not going to have a high income for 30-40 yrs and once I’ve finished my career it’s hard to set into a job that gives a salary anywhere near what I make in sport. My investment time frame is approximately 8-10yrs and then I’ll probably need to start withdrawing a little from my investments and hopefully have some kinda job that supplements my yearly living expenses but not necessarily necessary. +Just wanted to sprout a few words here to all newbs, but also veteran diamond hands. + +I don't know about you guys, but I'm still checking the price (maybe not daily, but every other day), and when it drops so hard like 15% yesterday, I still can't help but get a little anxious. +Did I make the right decision (yes I did), or am I dumb (yes I am). +At these times I come to the sub, to see all my fellow apes around the world who are still diamond handing and DRS-sing with me. And know I'm not alone. The sub may have gotten a little quieter sometimes, because I assume just like me, apes are just holding, waiting, waiting, waiting....💀 + +But trust the DD, and know at sometime the shorts have to close. + +And right when your anxiousness reaches the top.. Are we really going to $40 again? 😱 +The 🪑 RC mtrfckn Cohen tweets himself "Shorts are dumb" I'm holding no matter what, but sometimes its these lift me ups that really boosts the morale. + +Hang in there retards! See you on the moon! +I’ve done it again. I’ve gotten too greedy with these calls. I could have made profits, but I chose not too in hopes of prices going in my favor, which ended with me in loss. Tilray calls, door dash puts, etc. how do you guys combat greed? + +Edit: didn’t expect so much advice. Thank you guys for some tips and whatnot. As a new trader I suffer from stupidity on many occasions so I appreciate all the info +Take a look at this undervalued project [\#KATALYO](https://www.reddit.com/submit#KATALYO) + +Techincal Analysis: + Falling Wedge formation. Breakout and Re-test will send this easily to $0.40 and $1 + +Fundamental Analysis: + \- 85% of the total supply has been successfully locked. (will more be released 6 months to 4 years) + +\- Just listed on Coinmarketcap + +\- Application for coingecko under review + +\- Develop Defi apps using simple drag and drop. With so many Defi projects coming up, this project is going to be widely used. + +\- Non Annon team. + +Uniswap: + [https://app.uniswap.org/#/swap?inputCurrency=0x24e3794605c84e580eea4972738d633e8a7127c8](https://app.uniswap.org/#/swap?inputCurrency=0x24e3794605c84e580eea4972738d633e8a7127c8) + +Dextools + [https://www.dextools.io/app/uniswap/pair-explorer/0xcabebc0c5a9d6522640d81c22975ca31b8f8ff48](https://www.dextools.io/app/uniswap/pair-explorer/0xcabebc0c5a9d6522640d81c22975ca31b8f8ff48) +I got a letter from KBC Ireland which contained a leaflet about the Deposit Gaurantee Scheme, which gives details about the 100K limit protection. + +The line that caught my eye is: +"It will repay eligible deposits up to 100k within 15 working days, save where specific exceptions apply." + +It continues: +"Where the repayable amount cannot be made available within 15 working days depositors will be given access to an appropriate amount of their covered deposits to cover the cost of living within 5 working days of request." + +I am wondering: + +1. What "specific exceptions" could apply? + +2. What is an "eligible" deposit? + +3. The 2nd part basically says maybe it cannot be guaranteed, and in that case you will be paid a lessor amount that they deem fair? + +Hypothetically, if the bank were to collapse, are we really guaranteed? +I (20M) already have a 3 month emergency fund. + +I'm going to have a stable job for the next 3 years that pays around 1000€/month. + +But after that, I'm going back to med school. I'm Spanish so med school lasts for 6 years. This means I won't have another source of income for 6 years apart from the occasional summer job. + +&#x200B; + +Is it wise to start investing now even if I'm only going to be able to contribute money for the next 3 years? Or should I just keep saving? + +I really don't know what would make the most financial sense. + +&#x200B; + +Thank you for your help. +hi + +i'm a 28 year old dentist, working for 1,5 years in austria and have a salary of 80k€ before taxes and around 50k€ after taxes (taxes here in austria are insane). i have 50k€ in the bank and bought 500grams of gold arround 3 months ago for 17,4k€. now i'm thinking that this wasn't the best idea and i'm thinking of selling the gold for 17,6k€ and than invest the approx. 68k€ i would have in something else. + +but in what? + +of the 50k€ i make after taxes i can save approx. 25k€ a year. so i would have 25k€ more to invest every year for the next 2-3 years. do you have any suggestions? + +thank you all in advance + +edit: changed the numbers to € + +hi + +i'm a 28 year old dentist, working for 1,5 years in austria and have a salary of 80k€ before taxes and around 50k€ after taxes (taxes here in austria are insane). i have 50k€ in the bank and bought 500grams of gold arround 3 months ago for 17,4k€. now i'm thinking that this wasn't the best idea and i'm thinking of selling the gold for 17,6k€ and than invest the approx. 68k€ i would have in something else. + +but in what? + +of the 50k€ i make after taxes i can save approx. 25k€ a year. so i would have 25k€ more to invest every year for the next 2-3 years. do you have any suggestions? + +thank you all in advance + +edit: changed the numbers to € + +Hi guys. I work on weekends. I get paid, it's not that much but it's enough for me to live decently. I've been using Revolut and N26 for a few months and I don't think I use it that much for me to feel the usefulness of all the features they offer except for 0€ transfer fee. + +What I want to know is: which one is the best and safest to keep that salary? It won't be more than 1000€ or 2000€ per month. + +Thanks +My partner and I have been living for almost 2 years in Vienna. We are currently renting an apartment here for \~1k€/month. As our financial situation seems to be on a steady track, we are considering to buy an apartment for ourselves. Our situation is as follows: + +We are both expats here (EU citizens), both working office jobs. Together we bring home \~5k€ a month (after tax), paid 14 times a year, according to the austrian law. We also have \~70k€ saved up. We don't have any other loans or major expenses and we live in general a rather frugal lifestyle. + +The apartment that we are considering costs \~450k€. However, as we quickly found out from the real-estate agent, another \~10% needs to be added to this as initial costs for purchasing the apartment. After a talk with a financial adviser he mentioned that another \~5% needs to be added as commission fees for opening the loan + bank fees. + +&#x200B; + +So, my main question would be: given our situation are we overstretching with a 450k€ apartment? Is this a good idea, financially speaking, or are we going into too much debt? + +Also, does somebody else has experience in dealing with mortgage brokers? How do they operate and how are they able to obtain better interest rates for their clients? The guy that we talked to asks for a one time 2% commission fee, which seems like a large sum. However, if indeed he can negotiate a lower rate then I guess that sum is easily covered over the years. + +I would appreciate some inputs and ideas. Thanks! +I keep reading comments that etoro is not a good platform, that it has high fees or spreads yet for stocks the spread seems around 0.1%, i don't think this is high? + +So can someone explain why etoro is not a good trading platform to use? +Hello, I'm about to redo my portfolio perspective and would like your opinion on this one. My perspective are +- 10 years. I plan to lump sum a few times over the next 10 months and in the end will have 6 figures invested so the transaction fee although considerable won't matter that much. + +&#x200B; + +|Name|CODE|Holdings N.|% allocation|% total PF|Comment| +|:-|:-|:-|:-|:-|:-| +|**World**|||**50**||| +|iShares MSCI World SRI EUR|SUSW|381|35|17.5|Tends to outperform classic world index + like SRI| +|iShares Edge MSCI World Momentum Factor|IWMO|351|35|17.5|momentum outperformed the market over the last 10 years. | +|Vanguard FTSE Developed World |VHVE|2196|30|15|more diverse, act as a "base"| +|**USA**|||**15**||Extra exposition. USA has historically be a powerhouse| +|iShares MSCI USA SRI|QDVR|133|35|5.25|Wider index than just SP500 + SRI| +|iShares Edge MSCI USA Momentum Factor|QVDA|125|35|5.25|Momentum etra performance| +|Vanguard FTSE North America |VNRA|665|30|4.5|More diverse, act as a "base"| +|**EUROPE**|||**5**||for currency and geographic reason| +|AMUNDI MSCI EUROPE MOMENTUM FACTOR|MCEU|125|40|2|momentum performance| +|iShares MSCI Europe SRI|IESE|116|35|1.75|like SRI + less volatility than momentum| +|iShares MSCI EMU Small Cap|CSEMUS|443|25|1.25|did +- well the last decade. Lot of holdings| +|**Asia - Emergent**|||**5**||exposure to Emergent Asia | +|AMUNDI MSCI EM ASIA|AASI|1120|75|3.75|Very wide include China, Korea, Taiwan| +|iShares MSCI China|ICGA|669|25|1.25|Extra exposure to China doing well| +|**TECH**|||**15**||Although currently high, I still believe it will continue to perform| +|Xtrackers MSCI World Information Technology|XDWT|168|55|8.25|World tech and did sometimes better than Nasdaq| +|iShares NASDAQ 100|SXRV|100|15|2.25|Lot of holdings already part of other index| +|VanEck Vectors Video Gaming and eSports|ESP0|25|10|1.5|Niche ETF but like the perspective | +|WisdomTree Cloud Computing Fund|WTEJ|52|10|1.5|Extra exposure to cloud (US) -home working| +|Lyxor MSCI Digital Economy ESG Filtered|EBUY|153|10|1.5|Like the concept, world exposure - diversity| +|**HEALTH**|||**10**||proven to be strategically and economically important during those times| +|iShares Healthcare Innovation|HEAL|116|60|6|very good performance| +|Xtrackers MSCI World Health Care|XDWH|144|40|4|More diversified| + +A bit complicated but couldn't narrow more my list. I tried to balance between a classic "foundation" - world ETF with some more "agressive" positions (Momentum, tech, health). + +Any critics or recommendations ? +I was going for either revolut, monzo or N26, no specific order. I read that monzo and revolut are both UK based and I might have problems with it in the future due to brexit... So I am more inclined to N26. + +I would like for the bank to be daily-driver worth, even though I will keep my bank account open. Not a bad thing since I don´t pay any comissions. Anyway... I would like for the bank to have a really good support, no controversies at all like some recent stuff I heard about revolut (blocking competition) or other shady stuff. Also, I really want the app UI to be really nice. That´s a must. (if the cards look cool, that´s also a plus, haha). I really prefer if I have the option to get a debit card as I really do not feel comfortable using credit cards. I manage my money really well but I just don't want to get a bad habit or something like that. If there's an option to use both credit and debit card, perfect. I do a lot of online shopping as well. + +One thing I must also mention and that bothers me a lot in normal banks, is that I would like for the money to be remove instantly from the account! (I read thats how it works on revolut, dunno about others). + +I live in Portugal if that matters. +Recently posted saying I had €15,000 asking if Irish life MAPS was worthwhile and was advised to invest myself. I have a few questions in regards the most efficient way to invest. +I am planning to invest for the next 5 to 7 years minimum, aiming for a house deposit. +What are some good brokers to use and what funds/stocks would be good to invest in? +I plan to top up my investments by 500 each quarter, but am starting with 15000 how should I diversify and what ratios should I use? +Hello all, + +I'm considering investing in some Fixed income investments, but considering the low interest-rates, would you consider Bonds (mutual funds or ETFs) to be the best way to invest in Fixed income investments, or use other tools such as high yield savings account or even keeping cash? + +&#x200B; + +Thanks. +I am thinking on dividend reinvesting ETFs for tax advantages and 10+ years investment, I'll keep adding to them. +I've been looking into vanguard UK and iShares, but I am not sure which serves my interests better. I could also go into Interactive Brokers since I don't trust DeGiro too much for big amounts of money. + +So, I've gone a bit over the basics but I am looking for some advice regarding platform and specific ETFs. +Hi, + +my current portfolio is just [Vanguard All-World](https://www.justetf.com/de-en/etf-profile.html?isin=IE00B3RBWM25)[ ETF](https://www.justetf.com/de-en/etf-profile.html?isin=IE00BF4RFH31#returns). I'd like to know your thoughts on what I might be missing out by just burying into this fund. What else should I include in my portfolio for long term investment? + +My goal is to FIRE in 20 years by investing as much as I can in diversified assets (mostly stocks). + +Is iShares [All World Small-Cap ETF](https://www.justetf.com/de-en/etf-profile.html?isin=IE00BF4RFH31#returns) a good ETF to be included? Does further diversification make sense for long term investors? +What do you think about the consequences of EU and USA monetary policy on inflation? Are you takings any different approaches? Is holding sums of cash and DCA especially dangerous in these periods? +Good morning, + +I have read and heard we can't trade the ARK ETFs in Europe but I am on IB and I can see all of the American ETFs it will also probably allow me to buy some although I am EU based. What is the trick with this one? Also some people mentioned that because IB provides fractional shares you can actually buy American ETFs. If that is true what is the caviat? +I'm down heavily on some of my investments. I invested in MTCH at $160 (now $123), Robinhood at $50 (now $14), Affirm at $109 (now $72), Farfetch at $45 (now $27) and some other smaller investments that are also running me a loss. + +I can't believe I gave into the hype. Looking back at the time of my investments, all these stocks were trading at \~80-90 their sales and they're all undergoing correction now. Some of them have lost half (if not more) of their value and it'll take decades for them to recover. + +I do have some investments that are doing really well and keeping me afloat, but I now understand the importance of the three fund portfolio, or just investing in index funds. + +I'll keep coming back to this post every time we enter a new bubble, just to discipline myself and not get carried away by the noise. + +&#x200B; + +**EDIT:** finished work and read through the comments and there seems to be some confusion around the PE I mentioned. I meant \[80, 90\] (x = variable). If the PE was around 8\~9, that'll make it a good bet and I probably wouldn't have written this. + +**EDIT 2:** Wow, lots of great advice in the comments. I really didn't expect this post to garner so much attention, but I'm thankful for all the learnings shared in the comments. I'm 26 years old and this is my third year investing. I think this fiasco was a blessing in disguise. In my first two years of investing, everything was in the green. I felt I could do no wrong and I've found the cheat code to grow my money. I've learned my lesson the hard way but I'm still young and I'd rather lose some money now than 10 years later when I have more responsibilities. + +And for those asking, I have around $230k invested in the market (apart from a Vanguard 401k, but I don't ever look at that) and my losses accrue to $65k in total. Overall, I'm still in the green but barely. Hoping to DCA more into QQQ (I work in tech so I understand Nasdaq 100 much better) and get the numbers up. +How long have you held this belief, and how much have prices increased (or decreased) since you first formed it? Under what conditions will you admit defeat or change your mind? I ask this as an interested and reformed ex-bubble burster who eventually bit the bullet and bought property. +Hi All, + +As most of the people on this page is already aware, jobkeeper has ended for childcare educators starting today, and my partner is one of them. + +Given the current stages in Vic, the childcare she works at this moment have roughly 5 to 10 children per day (pre-Covid there would be 35 to 45 per day). As a result, her hours has drastically cut back from working 7-9 hours per day down 4 to 5 hours. + +Based on her roster, she will most likely end up working 20 hours per week which means her fortnightly taking will be either similar or less then current jobseeker payment. + +The owner wants to ensure all staff gets similar hours to minimize financial impact for everyone but they themselves are struggling. This is one industry that the gov shouldn't have been removed from job-keeper. I suggested to my partner to stay at home and apply for the jobseeker but she refused as she cares about the children she works with. + +Anyone who's in the same industry, what are your thoughts around then ending of jobkeeper payment? And how it have affected your center? +My boyfriend has the equipment to go snowboarding for cheap, but if he brings me along then we'll have to rent equipment and it'll be super expensive and not affordable. I told him he should go without me since snowboarding is his favorite thing, and I don't want to hold him back from enjoying himself. He says I'm not holding him back, but he wants me to go because he wants me to have fun with him so he will wait until there's a time we can afford to go together. Unfortunately we are both pretty broke, and outside of bills we don't have leisure money. I feel bad because I feel like he'll be waiting for a long time before I can actually go with him and I feel like I'm keeping him from his hobbies. + +Just a vent. + Will this time (be the third in number) remember as the  Bears winning number? [Flash Crash Moves is about to come again to the markets](https://www.daytrade-profit.com/2019/08/tug-of-war-between-china-and-us-whos.html) +I see a lot of posts and people claiming we're early and that if you only stack SATS you'll end up with generational wealth. Sorry to bust your bubble, but that's just not true anymore, unless you already have significant money. + +Note: Emphasis on **generational wealth by stacking SATS**. + +&nbsp; + +Some maths. Do you like a price of $10m? OK, let's take that as our target goal. People might object, or argue it will happen in a long time, but let's stick with it as a best case scenario. Starting price, let's assume $60k. Or better, let's say we get another 150x on money invested from here. ($10m/$60k ~ 150x, if we assume some uncertainty in end price.) + +Right, so that 150x is what you'll get. To get to $1m, you need $7k **today**. And I know that $1m sounds like a lot, but it's a lot less than you may think. One thing for sure, that's no generational wealth, in the sense that you can pass it down many generations. Depending on where you live, that might not even be enough for a family house! (So to bust you bubble once more, even in those high cost of living areas your parents probably already own a family house... hardly generational wealth, right?) + +Oh, and all of this is assuming you have $7k today to invest. Which not many do. Do you want true generational wealth, say in excess of $10m? You'll need to buy **1 whole coin** today. + +Stacking SATS at $50 a pop? Great savings strategy, but don't fool yourself about riches. + +&nbsp; + +All of the above is true if you invest **today**. What if you stack SATS @ $90k? $150k? $250k? You get the picture. + +And ofc I didn't even start talking about the time it will take you. Let's say we get to $10m/coin in ~40yrs. Right, so now you have generational wealth and... you slaved your life away. Enjoy spending that money to treat all the health problems you accumulated until retirement. + +&nbsp; + +I stack SATS like many, and encourage everyone do the same, including running your own node and having full control of your keys, but I'm under no illusion that those SATS will become "generational wealth". + +I don't want to discourage people, the changes Bitcoin will bring go far beyond anything we've ever seen, and far beyond any one individual's wealth accumulation. Yes, it's early in terms of economic activity based on Bitcoin, but it's absolutely not early anymore price-wise. +Are there any women here who retired or simply moved to SE Asia/Thailand alone? I've been really intrigued by the idea of moving to Thailand, and it shouldn't be a problem to find work remotely (I'm a software developer), so I could move without retiring as well. Although the ideal situation would of course be to retire on passive western income. However, at some point in my life, I'd like to find a SO. Is it difficult to be a female expat in Asia? Are you not completely isolated? Did your dating pool shrink dramatically after the move? + +(The topic of cost of living in Thailand has been covered already. I'm living on 1k euro in a western european city, so I'm assuming I'll be fine in Thailand, esp considering I absolutely adore local food, and would maybe want western food once a month tops. Also I've never had AC in my life, so I don't think I'll need one there, etc. And we use bicycles in Europe, so no need for a car?) + +EDIT: Thanks for the replies everyone!!! Lots of good tips and answers !!! +Hey guys + +My bank is after me, I’ve invested in Btc and they want to know my balance on exchange and wallet, exact amounts and proof of holdings. What’s next they are gonna ask for my seeds??? They will shut my accounts down today. Because I’m scared of providing them proof, what if they get hacked one day?? All my info, holdings, personal number, phone number, address will show up.. they are gonna close both business and private accounts, setting me in a terrible position. I’ve called another bank and they told me that they only want to know my holdings. But I don’t feel like giving it to them, but they don’t understand what risk involved with those informations. +Hi all. We're in unprecedented and uncertain times and nothing affects people quite so much as feeling their job is under threat. + +Totally understandably there has been a deluge of questions about furloughing. To try and keep the subreddit tidy and on-topic, we're going to use this thread as a Q and A, and collate the most-asked questions and high quality answers in this post. Any other threads mentioning furlough will be automatically closed and the poster directed here. + +# Asking questions in this thread + +* Please first check the FAQ, your question may have been answered already +* Try to be as specific as possible and give as much information as you can +* If you don't stick to these guidelines your question may be removed + +# Answering questions in this thread + +* The thread is strictly for Q&A. No matter how tempting, do not veer off-topic. +* Source your answer wherever possible. +* Keep answers brief and to the point. We will collate them into the FAQ +* If you don't stick to these guidelines your comment may be removed + +# Suggesting FAQ answers + +* Have you been helping out with furlough questions and have some good stock answers for us? Please comment with your Q and A in the suggested FAQ format, and we'll update this post. + +&#x200B; + +# FAQ + +**How much will I be paid?** + +80% of your "normal pay" (with no commission or bonus), subject to a cap of £2,500 per month (i.e. 80% of £3,125). This will be subject to tax and NI as usual, as well as employee pension contributions. Your employer can choose to pay you more. + +Normal pay definition provided by [gov.uk](https://gov.uk): + +>You can claim for any regular payments you are obliged to pay your employees. This includes wages, past overtime, fees and compulsory commission payments. However, discretionary bonus (including tips) and commission payments and non-cash payments should be excluded. + +**How is my pay calculated?** + +If you are a normal salaried worker, your earnings are based on contractual earnings in your February paycheque. + +If your pay is variable (zero-hours contract, for example): + +>If the employee has been employed for 12 months or more, you can claim the highest of either the: +> +>same month’s earning from the previous year +> +>average monthly earnings for the 2019-2020 tax year +> +>If the employee has been employed for less than 12 months, claim for 80% of their average monthly earnings since they started work. +> +>If the employee only started in February 2020, work out a pro-rata for their earnings so far, and claim for 80%. + +**How will I be paid?** + +Your employer will pay you via their payroll and claim the funds back from the government. + +**Can I work a second job/freelance elsewhere/be self-employed whilst furloughed?** + +Yes, you can, *if your contract allows* (paste from gov.uk)- + +>If contractually allowed, your employees are permitted to work for another employer whilst you have placed them on furlough. + +**Can my employer ask me to work for them whilst furloughed?** + +Categorically no. [https://www.gov.uk/guidance/claim-for-wage-costs-through-the-coronavirus-job-retention-scheme#when-your-employees-are-on-furlough](https://www.gov.uk/guidance/claim-for-wage-costs-through-the-coronavirus-job-retention-scheme#when-your-employees-are-on-furlough) + +**My employer has reduced my hours/laid me off/reduced my pay but not furloughed me. What are my rights?** + +According to ACAS: + +> By law, employers can lay off employees or put them on short-time working if it's either: +> +>included in the employee's [employment contract](https://www.acas.org.uk/what-an-employment-contract-is) +> +>custom and practice in your workplace, with clear evidence +> +>a national agreement for the industry +> +>an agreement between your workplace and a trade union +> +>agreed by the employer and employee to change the terms in the employment contract +> +>Changing the terms in an employment contract +> +>An employee can agree with their employer to change the terms of their contract to include lay-offs or short-time working. +> +>If it's a permanent change to the contract, the employer must confirm in writing what’s been agreed within 1 month of the change. +> +>If it's a temporary change to the contact, it’s also a good idea for the employer to confirm what’s been agreed in writing. + +You can find further guidance at their website: [https://www.acas.org.uk/lay-offs-and-short-time-working](https://www.acas.org.uk/lay-offs-and-short-time-working) + +**I am a director of a Ltd company, can I furlough myself?** + +Yes you can, but you are only able to reclaim any PAYE income that you paid yourself, not dividend income + +&#x200B; + +# Resources + +[https://www.gov.uk/government/publications/guidance-to-employers-and-businesses-about-covid-19/covid-19-guidance-for-employees#furloughed-workers](https://www.gov.uk/government/publications/guidance-to-employers-and-businesses-about-covid-19/covid-19-guidance-for-employees#furloughed-workers) + +[https://www.citizensadvice.org.uk/work/coronavirus-if-your-employer-has-told-you-not-to-work/](https://www.citizensadvice.org.uk/work/coronavirus-if-your-employer-has-told-you-not-to-work/) + +[https://www.gov.uk/guidance/claim-for-wage-costs-through-the-coronavirus-job-retention-scheme#when-your-employees-are-on-furlough](https://www.gov.uk/guidance/claim-for-wage-costs-through-the-coronavirus-job-retention-scheme#when-your-employees-are-on-furlough) + +[https://www.hilldickinson.com/insights/articles/what-furlough-leave](https://www.hilldickinson.com/insights/articles/what-furlough-leave) +Hi all. We're in unprecedented and uncertain times and nothing affects people quite so much as feeling their job is under threat. + +Totally understandably there has been a deluge of questions about furloughing. To try and keep the subreddit tidy and on-topic, we're going to use this thread as a Q and A, and collate the most-asked questions and high quality answers in this post. Any other threads mentioning furlough will be automatically closed and the poster directed here. + +# Asking questions in this thread + +* Please first check the FAQ, your question may have been answered already +* Try to be as specific as possible and give as much information as you can +* If you don't stick to these guidelines your question may be removed + +# Answering questions in this thread + +* The thread is strictly for Q&A. No matter how tempting, do not veer off-topic. +* Source your answer wherever possible. +* Keep answers brief and to the point. We will collate them into the FAQ +* If you don't stick to these guidelines your comment may be removed + +# Suggesting FAQ answers + +* Have you been helping out with furlough questions and have some good stock answers for us? Please comment with your Q and A in the suggested FAQ format, and we'll update this post. + +&#x200B; + +# FAQ + +**How much will I be paid?** + +80% of your "normal pay" (with no commission or bonus), subject to a cap of £2,500 per month (i.e. 80% of £3,125). This will be subject to tax and NI as usual, as well as employee pension contributions. Your employer can choose to pay you more. + +Normal pay definition provided by [gov.uk](https://gov.uk): + +>You can claim for any regular payments you are obliged to pay your employees. This includes wages, past overtime, fees and compulsory commission payments. However, discretionary bonus (including tips) and commission payments and non-cash payments should be excluded. + +**How is my pay calculated?** + +If you are a normal salaried worker, your earnings are based on contractual earnings in your February paycheque. + +If your pay is variable (zero-hours contract, for example): + +>If the employee has been employed for 12 months or more, you can claim the highest of either the: +> +>same month’s earning from the previous year +> +>average monthly earnings for the 2019-2020 tax year +> +>If the employee has been employed for less than 12 months, claim for 80% of their average monthly earnings since they started work. +> +>If the employee only started in February 2020, work out a pro-rata for their earnings so far, and claim for 80%. + +**How will I be paid?** + +Your employer will pay you via their payroll and claim the funds back from the government. + +**Can I work a second job/freelance elsewhere/be self-employed whilst furloughed?** + +Yes, you can, *if your contract allows* (paste from gov.uk)- + +>If contractually allowed, your employees are permitted to work for another employer whilst you have placed them on furlough. + +**Can my employer ask me to work for them whilst furloughed?** + +Categorically no. [https://www.gov.uk/guidance/claim-for-wage-costs-through-the-coronavirus-job-retention-scheme#when-your-employees-are-on-furlough](https://www.gov.uk/guidance/claim-for-wage-costs-through-the-coronavirus-job-retention-scheme#when-your-employees-are-on-furlough) + +**My employer has reduced my hours/laid me off/reduced my pay but not furloughed me. What are my rights?** + +According to ACAS: + +> By law, employers can lay off employees or put them on short-time working if it's either: +> +>included in the employee's [employment contract](https://www.acas.org.uk/what-an-employment-contract-is) +> +>custom and practice in your workplace, with clear evidence +> +>a national agreement for the industry +> +>an agreement between your workplace and a trade union +> +>agreed by the employer and employee to change the terms in the employment contract +> +>Changing the terms in an employment contract +> +>An employee can agree with their employer to change the terms of their contract to include lay-offs or short-time working. +> +>If it's a permanent change to the contract, the employer must confirm in writing what’s been agreed within 1 month of the change. +> +>If it's a temporary change to the contact, it’s also a good idea for the employer to confirm what’s been agreed in writing. + +You can find further guidance at their website: [https://www.acas.org.uk/lay-offs-and-short-time-working](https://www.acas.org.uk/lay-offs-and-short-time-working) + +**I am a director of a Ltd company, can I furlough myself?** + +Yes you can, but you are only able to reclaim any PAYE income that you paid yourself, not dividend income + +&#x200B; + +# Resources + +[https://www.gov.uk/government/publications/guidance-to-employers-and-businesses-about-covid-19/covid-19-guidance-for-employees#furloughed-workers](https://www.gov.uk/government/publications/guidance-to-employers-and-businesses-about-covid-19/covid-19-guidance-for-employees#furloughed-workers) + +[https://www.citizensadvice.org.uk/work/coronavirus-if-your-employer-has-told-you-not-to-work/](https://www.citizensadvice.org.uk/work/coronavirus-if-your-employer-has-told-you-not-to-work/) + +[https://www.gov.uk/guidance/claim-for-wage-costs-through-the-coronavirus-job-retention-scheme#when-your-employees-are-on-furlough](https://www.gov.uk/guidance/claim-for-wage-costs-through-the-coronavirus-job-retention-scheme#when-your-employees-are-on-furlough) + +[https://www.hilldickinson.com/insights/articles/what-furlough-leave](https://www.hilldickinson.com/insights/articles/what-furlough-leave) +Details here: https://github.com/spesmilo/electrum/issues/4968 + +copy paste from SomberNight in the github issue: + + TL;DR: There is an ongoing attack against users where servers raise exceptions when a + client broadcasts a transaction; in this case the error text is displayed as is in the client + GUI. The attacker has spawned lots of servers on different /16 IPv4s to increase his + chances of being connected to. The error messages are trying to get the user to download + and install malware (disguised as updated versions of electrum).` + +apparently previous Electrum versions allow richtext in error messages sent by the server, so the upgrade warning might look legit to people... + +Always remember to verify pgp / gpg signatures of bitcoin software you install. +I rarely post and I'm going to make it short and sweet. + + +I have been waiting patiently after price broke out of the previous downtrend and had a big run up to $200. I had a previous post where I expected this to happen from $86, but price traded a little lower before going up. + + +Ever since then, we have been in a slow retracement. This is very very good because it shows there's a lack of shorting volume compared to the previous run. Less shorting volume means bulls are overall in control here. + + +Now the reason why it's slowly retracing is because big players are accumulating and waiting for their main orders to be filled within demand. The demand was created during a pivot continuation pattern when price was heading up to $200. This is where there's a lot of institutional orders waiting to be filled. Now we're in demand, it's best to look for bullish market structure being made in this area of the market. But I anticipate buying volume to be picking up in this area. + + +This zone is between $137.62 and $127.06. If the price manages to break below $127.06, then this TA is invalidated and the next zone is around $97. I do not think price will keep falling. It's very probable that we're about to see bullish movements soon. + + +Strap in. + + +&#x200B; + +[GME 4Hr Chart](https://preview.redd.it/l7gylx3qg4v81.png?width=1834&format=png&auto=webp&s=2f3f1ee9220ae6eae17d2d33f488141f6a4bba5f) +Not sure if I'm missing something but it seems the long awaited Vanguard Pension is now live. I was literally about to open a Cavendish SIPP since I wasn't sure when the Vanguard one would be released. + + [https://www.vanguardinvestor.co.uk/what-we-offer/personal-pension/personal-pension-account](https://www.vanguardinvestor.co.uk/what-we-offer/personal-pension/personal-pension-account) +Russel Okung is an NFL player who signed a contract with the Carolina Panthers in March 2020. As part of their agreement, part of his wage is paid out in bitcoin. + +Russel Okung's comments on bitcoin are spot on: + +"Money is more than currency; it's power. The way money is handled from creation to dissemination is part of that power. Getting paid in Bitcoin is the 1st step of opting out of the corrupt, manipulated economy we all inhabit." + +"When we are all paid in bitcoin, no one can tell us what to do with the value we create … In a post-fiat world, you won’t have to worry about your labor and time being stolen." + +When you have a quarter of the broad money supply being created in less than a year, it is clear that the money printer determines what value is in the first place. If you receive constant government bailouts, either because your company is highly in debt or it secures many jobs, you're never ever going to do anything but to keep your company "system-relevant". You're not going to innovate. You're not even competing anymore. + +Debt and the money printer killed capitalism.. risk of investing capital is only for the little guy now because they're not relevant enough for the system. Just give them a shitty paying job that we maintain for them at the mercy of our money printer while asset prices inflate away and out of reach. + +The money that's being printed creates more debt than actual GDP. They have to stop but they can't. +This reminds me we all need to make #kengriffinlied still a thing. ALSO: + +Finally, [KenGriffinLies.com](https://KenGriffinLies.com) is released, time to dig in and read everything on [Kengriffinlies.com](https://Kengriffinlies.com)! + + +I can't wait to see more from [KenGriffinlies.com](https://KenGriffinlies.com) and the team behind it. This is for sure going to hit Kenny boy where it hurts, he won't like [KenGriffinlies.com](https://KenGriffinlies.com) at all. + + +Maybe [KenGriffinLies.com](https://KenGriffinLies.com) can do some articles on others too? If [KenGriffinlies.com](https://KenGriffinlies.com) does any articles on Robinhood that would be cool too. I'm going to tell everyone i know of that [KenGriffinLies.com](https://KenGriffinLies.com) is live. Hopefully a lot of people see [KenGriffinLies.com](https://KenGriffinLies.com) as a good source of information. + + +Keep it up, [KenGriffinlies.com](https://KenGriffinlies.com) ;) +[GameStop.com](https://www.gamestop.com/) || Shop [Internationally](https://www.reddit.com/r/Superstonk/comments/vyyzmx/gamestop_retail_international_nft_game_informer/) || [NFT Marketplace](https://nft.gamestop.com) + +GameStop [Investor Relations](https://news.gamestop.com/) + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +# 🟣 [Computershare Megathread](https://www.reddit.com/r/Superstonk/comments/xxh13d) 🎃🐦 + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +🏴‍☠️ [NFT Marketplace & Wallet Megathread](https://www.reddit.com/r/Superstonk/comments/vluysg/gamestop_nft_marketplace_wallet_megathread/) + +>Why is GameStop getting into NFTs? *WTF* even is an NFT? How do I set up a GameStop Wallet? How do I get a cool/custom wallet address? All these questions and more are answered here! + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +How to [feed DRSBOT](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/). Low karma? Post your DRS on r/GMEOrphans + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/) +Ok so, first things first you assholes, I am not a bot. I have been in the fucking game for about seven years now. + +I don’t typically do posts like this and so this is fucking new to me. Anyways, it seems like a shit ton of you are falling out of favor with NOK. I don’t know what the fuck is wrong with you if you expected to gain a shit ton of money in a day, but what the fuck I have never seen such 🧻🤲🏻 in my fucking life for the past two days. + +Are you guys really just going to stand there and let the enemy beat the fuck out of us. + +And of course some of you are going to mention the total float as if that fucking matters because the stock is still cheap as fuck (for now lol 🚀) and because we managed to trade one fucking fifth of all the NOK stocks in circulation. They literally had to stop our asses from buying a couple of times. Just like you autistic retards I have lost thousands of dollars in this shit. My paychecks, birthday money, dividends, money from the sale of blue chips and Ark ETFs, etc. + +So where’s the upside? Well let me fucking tell you where the upside is and when you can expect to pull off the biggest fucking heist alongside GME and AMC Wall Street will have ever seen. 🔥🚀💸 + +NOK is well known to be the bigger beast when it comes to the BANG stocks (BB, AMC, NOK, GME). It has a fuck load of shares to go around and there’s a lot of paperhanded pussies out there, so I understand why it may be daunting to expect a Juggernaut like NOK to moon anytime soon. + +But it doesn’t have to be. + +NOK releases its earnings on Thursday and its expected to blow the competition out of the fucking water. I wouldn’t even be surprised at all if it were to get a higher price than ERIC in two weeks (hell, possibly by EOW). NOK even plans to merge with top tier companies in the near future due to their prowess in the 5G tech that they’re developing. The 🏳️‍🌈🐻 have had their big meaty claws ever since its ATH of $62 all those years ago. Do you really expect a change if you don’t fucking BUY and fucking HOLD. No, with a team of fucking retarded superstars in this sub, NOK is prepping for a fierce comeback in the upcoming weeks. GME is top dog right now, but let’s be honest. GME hype can’t last forever (even tho it can for a long time as long as we remain retarded). However being on team NOK makes me feel like I’m on a loosing, shitty ass baseball team and no one is hitting over .100 + +What’s the plan, Stan? + +The fucking plan is that you don’t buy market price. You look at the ask price and you fucking buy it. This is how we destroy walls. The $5 barrier battle today was hard fought and we fucking lost to the hedge funds. This next week is going to be fucking spectacular 🪄🚀🤲🏻💎 and I need to know if my fucking NOKle heads are even in it to win it or just downright frauds. + +You say NOK was a plan by the bots? Take a look at fucking BlackBerry. That shit took the same swerves NOK did that it’s pretty much identical. If NOK is a sham, then the idea of the BANG stocks is a sham. + +I know for a fucking fact you don’t believe that. I know that there’s dreamers in this sub. I dream just like you. I am trying to build a life just like you guys are. We are in something way bigger than ourselves so if you can for ONCE IN YOUR LIFE consider that maybe that the process is a trustable process then maybe we can win this shit. + +If NOK hits $50, I will literally buy new fucking silverware (like expensive handmade shit with sterling silver cutlery) and eat my own shit. I don’t give a fuck whether you’d want to see it or not, because honestly boys I’d eat my shit to go to the moon and I am 200% willing to take one for the team. + +This year, BANG is for real. + +So hedgefunds, keep your ears out for the NOK NOK sounds on the door. We’re pissed and we’re armed to the teeth. + +EDIT: General cheese reporting. Post this shit everywhere. I dont give a fuck. I WILL be producing a flank strategy tomorrow. People have to know goddamn it. Monday/Tuesday will close at $7 just give it time + +The bell doesn’t fucking ring until WSB says it fucking rings. 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🥵🥵 + +EDIT 2: some of you pussies are asking where you can buy NOK. The easiest way to buy it is with that fucking app all the whores on Tinder beg for food money on: Cashapp. There are literally no fucking limits and if you want an extra 2 fucking shares then use this shit when you sign the fuck up and get $10 extra buckaroos: BKXDNGQ. I also want to make it clear that everyone should share their cash apps so that we can get that $10 extra to put into NOK. I’m only doing this for the small wagecucks so if you have the money to do so, then don’t bother. This is just the only thing on the top of my head that would help out in any way + +List of reasons to buy: + +1. Most essential 5G patents in the world +2. Fastest 5G speeds recorded +3. Controls over 27% of the 4/5G market +4. First company contracted to set up internet on the moon (NASA) +5. Will receive MULTI-BILLION dollar settlements from ongoing litigations with Mercedes Benz and Lenovo +6. Technology provider and main collaborator of the National Security Center of Excellence 5G Cybersecurity Project (Federal 5G project) +7. Selected to be the main collaborator of the Hexa 6G European Union Project +8. Has pending Department of Defense contracts yet to awarded +9. Just sealed a contract with TMOBILE for US 5G roll out. +10. Has and will take market share from Huawei, already has secured multi-year deals with important Chinese companies +11. Blackrock increased their position to 333,000,000 shares during 2020, an increase of 21 million shares held from the year before (7% increase) +12. May also be getting back into the phone business as they are manufacturing phones in India +13. Vanguard Capital owns 160,000,000 shares and is continuously buying +14. Google Cloud announced a partnership with $NOK to Accelerate Cloud-Native 5G Readiness for Communications Providers +With more and [more metaverse hints](https://i.redd.it/nhoikg4bhp781.jpg) popping up, I want to give more on what I've found [beyond the metaverse DD from the other day](https://www.reddit.com/r/Superstonk/comments/rlq6ih/gamestops_metagame_universe_or_why_i_think/) + + + +2016: + +> [GameStop unveils publishing label GameTrust](https://www.gamesindustry.biz/articles/2016-04-18-gamestop-unveils-publishing-label-gametrust) + +2017: + +> [GameStop has more than 7,000 retail stores for selling games, but it’s also diversified into publishing games under its GameTrust label.](https://venturebeat.com/2017/02/25/how-gamestop-is-faring-as-a-video-game-publisher/) + +> Instead of competing head-on with game publishers, GameStop is going after games that might otherwise not get published or noticed. It is targeting titles from seasoned independent developers whose games could sell for $15 to $40, rather than the $60 triple-A games. + +&nbsp; + +GameTrust has some interesting tidbits [on their site.](https://www.gametrustgames.com/) + +> GameTrust's collaborative planning approach delivers greater discoverability, by leveraging leading-edge physical & digital ecosystems, backed by the reach of the world’s leading video game retailer. We focus on the business, so you can focus on making a great game. + +&nbsp; + +Here's [their partners on top of more info](https://imgur.com/V5sWtG9.jpg ) + +&nbsp; + +If you look at the last partner on there, their [recent title is this (Creativerse)](https://imgur.com/EYZCtNG.jpg) + +Which just so happens to look [a lot like a metaverse](https://imgur.com/xNA9iyj.jpg) already - https://playfulstudios.com/ + +&nbsp; + +Then they're partnered with Tequila Works [which is making a League of Legends game](https://youtu.be/9E5BCiqg9Rs) + +Who has [already made VR games with GameTrust]( https://imgur.com/oq5NSAn.jpg) - https://www.tequilaworks.com/en/projects/ + + + +&nbsp; + + +Then you've got FrozenByte [who already has a space MMO with Interactive environments](https://imgur.com/QWzndBb.jpg) - https://www.frozenbyte.com/games/ + +&nbsp; + +Oh they're also partnered with [the guys who made Ratchet & Clank: Rift Apart among other games](https://imgur.com/Q4xYtwa.jpg) - https://insomniac.games/games/ + +&nbsp; + +Insomniac games is [now part of Sony](https://insomniac.games/a-message-to-our-fans/) + +> Today we announced that Insomniac has a new home as we join the Worldwide Studios family at Sony Interactive Entertainment. It feels more like a homecoming though.  We’ve collaborated with Sony for more than 20 years — spanning all four PlayStation consoles, 20 total games and six franchises. We still work closely today with many of the same Sony teammates as we did when we released the original Spyro the Dragon in 1998. + +> The decision to join forces with Sony extends far beyond familiarity. Our studio vision is to create experiences that have a positive and lasting impact on people’s lives. As we look ahead to our future, we know that joining the WWS family gives us the best opportunities to fully achieve that vision on a much larger scale. Further, we believe that Sony shares a similar vision to positively impact players’ lives, their employees’ lives and the games industry at large. + +&nbsp; + +These are listed as partners of [Nintendo on their switch/marketplace announcement](https://www.businesswire.com/news/home/20161020005938/en/Nintendo-Switch-World-Premiere-Demonstrates-New-Entertainment-Experiences-from-a-Home-Gaming-System) goal of all 3rd party games. + +&nbsp; + + +[GameStop owns Elbo](https://imgur.com/kOrLvKH.jpg) + + +Here's some trademarks by Elbo this year + +[Controllers for game consoles in the nature of game controllers for computer games; game controllers for use with electronic computer games; apparatus for electronic games other than those adapted for use with an external display screen or monitor; apparatus for games adapted for use with an external display screen or monitor; computer games apparatus, namely, game controllers for computer games; computer game apparatus adapted for use with an..](https://trademark.trademarkia.com/gamestop-97157461.html) + +[Interactive electronic video gaming chairs and beanbag style gaming chairs optimized to increase performance in video games](https://trademark.trademarkia.com/gamestop-97043752.html) + +[Power to the players](https://trademark.trademarkia.com/power-to-the-players-97043755.html) + +TA:DR; GameStop owns GameTrust. Which is partnered with indie and 3rd party developers with the goal of + +> Leveraging leading-edge physical & digital ecosystems, backed by the reach of the world’s leading video game retailer. We focus on the business, so you can focus on making a great game. + +They've partnered with studios that have made essentially a minecraft metaverse, one who made intractable environments you can build on or blow up and are partnered with even Nintendo and possibly Sony studios through insomniac. + +The goal of the company is to allow 3rd party developers the ability to make games without jumping through the traditional methods of publishing, wonder where else you could release games.... [their own metaverse](https://www.reddit.com/r/Superstonk/comments/rlq6ih/gamestops_metagame_universe_or_why_i_think/) if they took that metaverse, made it open to mods (3rd party programmable) then at home developers could make entire games (like DOTA: Allstars or CS 1.6) inside the universe too, allowing for a full spectrum ecosystem. +>Earnings: $1.38 a share, compared with the $1.04 per share estimate of analysts surveyed by Refinitiv. +> +>Revenue: $33 billion, compared with the $30.3 billion estimate. + +The bank posted a profit of $4.7 billion, while setting aside another $8.9 billion for credit losses. + +[https://www.cnbc.com/2020/07/14/jpmorgan-chase-jpm-earnings-q2-2020.html](https://www.cnbc.com/2020/07/14/jpmorgan-chase-jpm-earnings-q2-2020.html) +Long story short, I was basically raised in a privileged family and am on my own now, but realized something today. Although the people in my family have a lot of money from inherited business/business ties they actually don't really spend their money too well. For instance my one family member that has a salary that's astronomical says he has no retirement fund or savings and needs to keep working at his business to sustain himself (I feel like this is very unusual since he has very extravagant expenses such as belonging to multiple country clubs and having many vehicles/houses). + +&#x200B; + +I feel like I've been misled on how to spend my money and it's made my life hard. For instance, the last car I've had was a lease. I was told to lease by my fam that claimed it was a cheap option, and it seemed good as a monthly payment and I didn't really think about it too hard. But now I can't believe how much I would've saved if I had just put that initial payment down on a used car that was decent and could last a long time as opposed to a relatively new car that I'd only have for 3 years. I'm not someone that really even needs to be driving a new car. They just told me that was how it's done so I just assumed it was the way to go for some reason lol + +&#x200B; + +I know nothing and am financially illiterate. Is there a place/website that teaches people better financial skills. Sorry for the long post but I think I only now just realized that some bad habits have been ingrained into me (after hearing that one family member has no retirement fund and little savings \[which is the most absurd thing I've ever heard\]). + +&#x200B; + +Please be nice, I know this post might sound ridiculous. I just want help. +Okay, I've been out of pocket the last few days and got to this one late, since there wasn't a lot of actual mod opinion/representation in that thread I've removed it and I'm starting one where we can actually express our views/stance. The thread is [here](https://www.reddit.com/r/investing/comments/j6c9hv/can_we_stop_locking_investment_related_threads/) should you wish to access it. There's just no need for two meta threads in the same day, and the answer to the complaint is "no" anyway. + +I'm lifting this mostly from a comment I made there, but here's our general stance: + +> In the end I honestly think there is quite a bit of disconnect between the community and the mod team. + +This probably won't be a popular opinion but this is both true and a new thing. I've made no secret that I don't like what Reddit has become. They have vastly expanded their cross sub algorithms, and Reddit as a whole has grown, given recent events this sub has seen an almost doubling in size over the last two years. + +I'm going to be direct because I'm not particularly worried about being popular here: **the vast majority of the new subscribers are not investors, have very little interest in investing, and don't have any background in investing.** This is painfully obvious in that joke threads, off topic comments, etc are constantly the top voted comments in any given large thread. So because they have no real interest in investing their comments tend to basically be the same as if they were in any given general news/politics/whatever subreddit. Think about how much of the discussion in /r/economics or /r/technology has to do with economics or technology. Is there a disconnect between the mod team and those users? sure. That's fine by me. + +If you want an investment community where the top comment on AAPL earnings thread is someone's comment about how they like their iphone because of imessage then yes, there is going to be a disconnect between this sub's moderation team and you. That isn't an /r/investing mod team problem, that is a subscriber issue. + +There seems to be this growing attitude on Reddit that subreddits are some democratic entity where users can override moderation if there's enough popularity. That is not an accurate representation of how a sub is run, and should that be the case it would just quickly turn in to "vaguely economic/public company related general discussion" and not "discussion on investing in capital markets and securities". This may be tough for some people to hear but as far as Reddit is structurally concerned a subreddit is an independent forum owned and controlled by it's moderators. + +So just to be clear: the policies in place, and the actions we take, are purposefully crafted to discourage people like the above from posting here. I'm a blunt person as many of you know, I won't beat around the bush here; one regular contributor that actually discusses investing is more important to us than 1,000 subscribers who don't like our policies. We are not catering to people who want to discuss anything they desire, and if they're upset by this then I apologize but there are other subreddits. This is a place dedicated to investment discussion, you don't need to be a professional, expert, whatever to post here. But you do need to discuss investing. This is an extremely low bar, but in many cases hat bar is not being met. + +**Thread Locks**: if an entire thread is just political bickering, or off topic discussion it's getting locked. We're not interested in micromanaging discussion, we are interested in just locking threads when people can't stay on topic. I personally think it's a bit ridiculous that people expect mods to babysit a thread rather than just lock it when people can't stay on topic. If people can't stay on topic that really tells us the thread probably isn't super relevant anyway. And simply removing comments on a 500+ comment thread on the front page, where we average 300,000 pageviews per day and 100,000 unique pageviews per day, is trying to plug the hoover dam with Spez's dick. It's an effort in futility. + +**Politics**: We used to discuss politics all the time, the choice to ban that was directly due to user behavior. At some point after 2018 commenting here shifted from investment relevant opinions to something that can only be described as a debate between the lead editors for Bretbart and Vox, but dumber. Compare [these](https://www.reddit.com/r/investing/comments/40usw0/bernie_sanders_002_percent_financial_transactions/) [threads](https://www.reddit.com/r/investing/comments/4a771n/bernie_sanders_proposed_tax_on_wall_street/) four years ago to [this thread last year](https://www.reddit.com/r/investing/comments/cmyr9q/bernie_sanders_proposes_tax_of_under_onehalf/), both on the same exact subject. As you can plainly tell the older one is far more topic centric than the newer one. + +Point is this forum is for investment discussion. Politics and capital markets are certainly intertwined, but inevitably the new posters here are unable to discuss capital markets and just start talking about any given political opinion they have; then we get a thread indistinguishable from /r/politics. If an entire thread is discussing the market ramifications of political regimes/policy then it's welcome here, that hasn't been the case in almost any thread over the last two years. The 60 day bans for this sort of off topic behavior are deliberate in their length to encourage those people to find another subreddit to participate in. "I think Trump's proposal is bad for markets because of XYZ" is totally relevant, "I think Trump is a fat bad old man who hates minorities" is totally a non relevant comment. You may think it's true or false depending on which politics team you're on, but if you can't understand that it's irrelevant to investing then you shouldn't comment here. + + +Our goal is fostering good investment discussion. The goal is not to be a platform for political soapboxing, airing out grievances about corporations, have broad general discussion, or whatever else people want to do here. That is not to say politics, corporate grievances, etc aren't important. They're not part of this subreddit's purpose. + +Our goals also have nothing to do with activity, subscribers, or views/whatever. The only thing we want is discussion that actually has to do with investing, and not whatever other subject people wish to try and relate back to investing. If that means a bunch of people not here to discuss investing get mad and unsubscribe then that's a win. To be frank many of our most knowledgeable regulars have stopped coming here because of the degradation in quality over the last two years. This is not a condition we are happy with nor one we'd want to support. + +>From my experience talking to them it seems like a few senior mods have a very strong vision of what this sub should and should not be, and the quality of mods they are looking to recruit isn’t easy to come by. + +Mods make a sub. I think we're pretty open that we don't want a bunch of mods that want to make a sub that's just some lightly moderated general discussion outlet. We want mods to come from our pool of regular quality contributors, not someone who's interested in being a mod for mod's sake, and not someone who mods a dozen other places. The point is to have people in charge of something where they have vested interest in the quality of the sub. I would absolutely love to add another 30 mods tomorrow, I can't think of anyone who wants the job and is also a good candidate but feel free to shoot us a modmail if you think you fit the bill. I'd say this, if at least one of our existing mods doesn't recognize your username then it's probably gonna be a no. + +Here's the thing, if people don't like the rules then there are hundreds of other subreddits. There's dozens of subreddits for politics, you can go over to /r/economics to see what a sub looks like when the mods aren't worried about removing low effort political discussion, and if that's appealing to you then you can comment there. You can go to /r/latestagecapitalism or dozens of other subreddits if you just want to complain about public companies. You can go to your political subreddit of choice for political discussion. So again all of the new subscribers complaining about our efforts to remove those things don't really sway us, because we're not here for you and you have other outlets. So we're not preventing anyone from having any sort of discussion they want to have, we're saying this isn't the sub for it. + +And finally if you would like to go to a subreddit for general discussion of **investing your money in to capital markets and securities** then you can hang here. If ya want to talk shit about your least favorite corporation or politician then I think I speak for the entire mod team in saying we would prefer you went elsewhere. + +So TLDR: we have zero interest in creating a sub that allows for general off topic discussion, general political discussion, low effort political banter, or any of the other low effort joke/pun/anecdotes/whatever that you see across the majority of large subs. This sub doesn't need to be all things to all people, and we have no interest in allowing more off topic conversation just because new users want it. And if that means a sizeable portion of the subscribers, especially the more recent ones, are upset then that is a condition we are fine with. The bar for discussion here is not high, it's literally just "actually talk about investing", so any degree of blowback concerning anyone on our team's moderation is really met by a high degree of cynicism from me given how broad that guideline is. +* The Weinstein Company #20 + +* United Airlines #19 + +* Facebook #18 + +* CenturyLink #17 + +* Monsanto #16 + +* Comcast #15 + +* Uber #14 + +* Sears Holdings #13 + +* The Trump Organization #12 + +* Wells Fargo #11 + +* Cigna #10 + +* Spirit Airlines #9 + +* Vice Media #8 + +* Sprint #7 + +* Foxconn Technology Group #6 + +* Electronic Arts (EA) #5 + +* University of Phoenix #4 + +* NFL #3 + +* Fox Entertainment Group #2 + +* Equifax #1 + + +Published by 24/7 Wall Street + +Link (Source: via USA TODAY Money): https://www.usatoday.com/story/money/business/2018/02/01/bad-reputation-americas-top-20-most-hated-companies/1058718001/ +[https://www.bloomberg.com/news/articles/2020-10-09/robinhood-users-had-accounts-looted-say-there-s-no-one-to-call](https://www.bloomberg.com/news/articles/2020-10-09/robinhood-users-had-accounts-looted-say-there-s-no-one-to-call) + +I've dealt with Robinhood support before, and sometimes they'd send a standardized reply that made no sense in the context of what I said. It seemed to me they were seriously undermanned then. But with this, a Facebook network I also follow has members who also fell into this hacking (apparently this happened to a lot of people over a period of a couple weeks). The only good news is that the SEC is already on it. + +As if I needed more convincing to switch brokers... +Hey all, + +I’m a 20yr old college student started trading stocks January 2022 with 30k and now it’s at 15k. I’ve lost about half of my life savings and I honestly feel miserable, I can’t even comprehend that I’ve lost that much. + +It has lead to anxiety attacks, panic attacks, depression, and loss of energy/motivation. Just today I woke up in the middle of the night because of the anxiety. + +I’m thinking of taking all my money out since the market is going down anyway, and just stop trading for a couple years. + +Regardless it’s really hard for me to do that because I had such high expectations for myself in the market, but I’m so done. + +Any advice? I’ve been extremely down for a long time now. +So I've done a quick synopsis of the voting results from the 8K posted last night, and given my smooth-brained take on the finding. + +# Board of Directors + +[Election of Board](https://preview.redd.it/ceh3z1jval391.png?width=1934&format=png&auto=webp&s=87833bb0ce099c6648fa65d66369fcd7067fa191) + +Seems everyone is loved 🥰🥰🥰.. like proper love. + +For example, the lowest vote was trusty old Alan Attal from the Chewy Board, and that was 97% confidence! That's phenomenal vote of trust and confidence.. + +If you look across at the average vote for something like this ITS rarely showing signs of such positivity. For example, [Apple's recent board of director vote](https://www.marketscreener.com/quote/stock/APPLE-INC-4849/news/APPLE-INC-Change-in-Directors-or-Principal-Officers-Submission-of-Matters-to-a-Vote-of-Security-39669454/) showed a percentage of 98% for the legendary Tim Cook, with Ron Sugar having only secured an 88.8% vote of confidence. + +# Incentives and Compensation + +https://preview.redd.it/yv5owgw7dl391.png?width=1935&format=png&auto=webp&s=7d1ef7e61ea8b148ca89db343f926be5678bf565 + +https://preview.redd.it/88g37l2adl391.png?width=1289&format=png&auto=webp&s=6ecf3c4f36b92f48f186516641c28069b140a192 + +This had a fair bit of opposition but very minimal, and I can understand that. CEOs and directors generally take to much compensation from the company when compared to the workers and the trickle-down economy its clearly broken meaning workers are slowly being starved and forced onto the streets. + +Not much to be taken from this except 96% of the shareholder base DO AGREE that to get the best players we need to give good reward. + +What's interesting is most of this compensation is in SHARES! + +Our directors are generally on a basic wage of $200,000 - which is good - but that allows them to not worry about medical bills, housing, vacations, etc. or anything else that crops up throughout the years - focus can be on adding shareholder value - because that's where their best interest lays - that how they get the cream, by making it for themselves and then sharing it with the rest of us "share holders". + +# Appointment of Audit / Accounting Team + +[No non-votes?!? ](https://preview.redd.it/dxl9fz01el391.png?width=1287&format=png&auto=webp&s=800f98c6352c3d7b3c69c6754152b61cd6dad738) + +So this is the vote for the appointment of an accounting firm. These people check that there's no dodgy accounting going on - we're not ENRON, right? Deloitte and Touche are a globally recognised and well-respected team of auditors. + +Now, I am pretty damn smooth, does any wrinkle-brain have any idea/speculation/knowledge why the non-votes from previous rounds would be now be voting for the appointment of our auditor? + +The LEDs on my tinfoil hat are all blinking and flashing when I look at that, but I am sure there's some reasonable explanation I am just not yet aware of. Help? + +# Increase Share Count to 1bn baby! + +https://preview.redd.it/tl1hl6vvel391.png?width=1288&format=png&auto=webp&s=ac3e76ae708517e3f669293368945cdea7c89c1f + +So looking at the numbers, we can see this is the most controversial vote on the 8K. + +Gathering almost 6.8% of Against/Abstain voting, albeit it has the LOWEST amount abstinence in voting \~ simply put more people exercised their vote on this matter more than any other! + +We could say there was the BIGGEST opposition against the increase of the available shares to 1,000,000,000, but it was overwhelmingly voted in favour. So if short-sellers did have any influence with their LONG hedge-bets, it had no influence. 93%+ of the shares ~~investors~~ voted to issue more shares. + +**Added thanks to** u/HiReturns**:** For this proposal the approval threshold was a majority of ISSUED shares, **not just voted shares.** So it was approved by just under 70% of issued shares. + +This now basically means they'll be more natural liquidity in the market, less need for LIQUIDITY ONLY orders (aka T+35 short sells) filling up the order book *once they become available.* + +How they are distributed has already been discussed as a share dividend, but obviously doesn't need to be announced. + +**Ignore this next bit... it's pure smooth-brained speculation based on absolutely nothing:** +*I'd like to think a split at between a 10->13 to 1 ratio that would ultimately giving a share price just below 🍿popcorn🍿 (say $13.37) would work very nicely - allowing the individual investors of other short-basket stocks to trade-in and take a lower risk option with GME.* + +EDIT: Moath + Wurds + +EDIT: Corrections from Comments, Added note about smooth speculation. + +Got here cuz the dude told us to came out in new to fix the sub. I’m DRS. CHILL. ASF. +Almost done with my first full week of being a teacher. Got a baby on the way. Buying more GME every week through my buy ins at CS. +Pretty excited for more. :) +Anyone else care to join? Pull up a chair and let’s talk! +First things first, this is a crash, not a "dip", so please don't minimize how people are feeling watching most cryptos drop more than 40% in just two days going back to the prices they were 3+ months ago. Making unnecessary jokes and saying things like "WELCOME TO CRYPTO NEWBIES" doesn't help anyone. + +I have the luck (or maybe not) that I have already experienced a crash as my first experience into crypto when I used part of my university fund to buy in around late 2019 just before the Covid crash hit crypto in early 2020 which drove the prices down terrifyingly low (yes I understand it was dumb to invest that way, but at the time things seemed well enough to do it and I never could have predicted a pandemic.) + +So because of this I don't fear what's going on right now because I have seen infinitely worse and got to watch the market recover and thrive, but back then when I experienced my first crash I remember having anxiety attacks over the idea that I may have lost everything, especially during a pandemic where money isn't the easiest thing to get access to. There may be some people who put their money into crypto hoping it could get them out of a bad situation that covid caused and now they are watching that dream get snatched away from them in real time. It's a scary feeling, so if you see people on this sub, or other subs constantly spamming their concern please try to empathize with them (especially if you've experienced a crash yourself) because it's the right thing to do. + +Just remember everyone that crypto is definitely here to stay, but if you REALLY do need the money you put into it then don't feel pressured to stay in just because people are spamming "HODL" everywhere. Your well being matters more than anything and you can always buy back in at a later date when you feel more comfortable to do so. Take your time. +*Reposted with correct terminology to prevent further confusion.* + +#TA;DR If it lasts more than a day it’s a suspension. Otherwise, it’s a halt. Either way it’ll take longer for the price to climb but we’ll still get our tendies. + +&nbsp; + +#Suspensions + +[Post in question.](https://www.reddit.com/r/Superstonk/comments/oi2uqq/its_time_we_all_know_and_discuss_regarding_trade/?utm_source=share&amp;amp;amp;amp;amp;amp;utm_medium=ios_app&amp;amp;amp;amp;amp;amp;utm_name=iossmf) + +Yes, the SEC can suspend trading of a security for up to [10 trading days](https://www.sec.gov/litigation/suspensions.htm). Most of the suspensions were due to a mistake on the company’s part whether it be incorrect/inaccurate filings or failure to file those filings altogether. Take a look for yourselves. This may be a little presumptuous but I don’t think RC would make those mistakes, **ESPECIALLY** with how big this thing is. + +There is also a third reason that includes [potential market manipulation](https://www.investor.gov/introduction-investing/general-resources/news-alerts/alerts-bulletins/investor-bulletins/investor-5) but the SEC is aware of what’s happening and has been ~~covering their ass~~ preparing for it the past few months. I think it would do more harm than good for them if they suspend trading. + +&nbsp; + +#Halts + +**S&P 500 (unless after 3:25PM)** + +- Level 1 (7% drop): 15 minute halt +- Level 2 (13% drop): 15 minute halt +- Level 3 (20% drop): all day halt + +*If any of the indices trigger a circuit breaker, it halts trading market-wide.* + +**Tier 1 Securities (>$3 close price)** + +- 9:30AM-3:35PM: 5% change in 5 minutes + +*If traded outside 5% for 15 seconds, a 5-10 minute halt occurs.* + +[Sauce.](https://www.investopedia.com/terms/t/tradinghalt.asp) + +&nbsp; + +*Edited for readability and updates.* +I do not see why selling far-dated (January/June 2023) near the money options would be better than selling shorter expiry (weekly/monthly), as selling shorter expiry would give more premium / DTE and easier to adjust if the stock goes against your trade. +The numbers are hypothetical for simplicity, but very close to the situation. I have $5000 collateral in a theta trade that is expected to close (expire) in 25 days for $400 in premiums. I can close the trade today for half the premiums ($200) if I want. I'm not interested in any risk issues, but simply is it wiser to take 50% profit now and reinvest the gains, or simply wait a bit longer to get the full 100% of the gains. This is not a risk question, but simply a question regarding timing of profit taking.....maybe it doesn't matter.....50% early or 100% later....but I have no one to ask the question to. Over time, I've developed my own set of rules, but lately I've began to question if I'm doing it smartly. Thanks in advance. +It's just discouraging when you work your ass off and things keep happening. My husband is quitting his job where he makes the same amount as me. We were actually doing okay when we were both working. If we go back to one income, we'll be 600 in the hole every month and always stressed about losing our apartments. We don't qualify for assistance (already tried) and have lowered everything to the bare bones. I have physical limitations so finding a normal job has been tough. Took me 7 years to find this one. And I actually enjoy it. I don't know what else to do. + +\*and please don't say I shouldn't have pets. + +Edit: I don't want my husband to quit this job. It was tough to even get this one for him. We've been arguing a lot over it. Since posting, he's at least promised he won't quit until he already has a better one lined up. He struggles with his mental health and holding a job down. We just had a follow up with the doctors who changed meds for him that are supposed to help. I don't know how to force him to keep a job. He knows how stressed I am over it. I've tried asking his reasons why but other than what I've already said, he hasn't said anything else. I can trust him to keep his promise. And maybe the new meds will have kicked in and he won't quit/will find a better paying job that he can stay at. +The fact that everyday there's another 57 new shitcoins with "tech entrepreneurs" that think they're gonna make it big announcing their ico, or the idiots that fall for them lol. + +Like cobinhood? Wtf? You couldn't think of even a remotely creative name? Stupid fucks +[https://dailyhodl.com/2018/08/02/binance-ceo-ethereum-and-eos-will-be-too-slow-to-succeed-in-the-long-run/](https://dailyhodl.com/2018/08/02/binance-ceo-ethereum-and-eos-will-be-too-slow-to-succeed-in-the-long-run/) + +“*While this criticism has long been leveled at Ethereum, CZ says any blockchain designed for general smart contracts (as the current competitors are) won’t be swift enough. Instead, he thinks the existing blockchains will cede the field to more specialized ones.* + +*CZ cited newer tools like* [*Komodo*](https://medium.com/@reecebarclay/komodo-and-the-future-of-blockchains-5cdc3b3926bb) *and* [*Tendermint*](https://tendermint.readthedocs.io/projects/tools/en/master/introduction.html) *that make it possible to write blockchains for specific purposes, suggesting the future will consist of numerous bespoke ledgers.”* + +Komodo has already proven over 20K Transactions Per Second and is about to test considerably higher this month. +Don't know much about stock market and its fluctuations, so maybe someone on here can throw some inputs on this question. + +What do you guys think is the real chance of a full blown recession happening? I personally think this covid 19 panic is blown way the fuck out of proportion. But I feel like the market will just bounce back once this whole thing blows over. Is there any real underlying issues with the economy that may lead to a long term recession? Or could this covid 19 panic alone actually cause a full blown recession? +[https://www.reddit.com/r/Superstonk/comments/mvk5dv/a\_house\_of\_cards\_part\_1/](https://www.reddit.com/r/Superstonk/comments/mvk5dv/a_house_of_cards_part_1/) + +# Of course I read through this a couple times and now that we know more about Computershare, this reads totally different. + +&#x200B; + +# Part 1 is about a rule change, where the DTC told issuers they can no longer remove their securities from the DTC. + +&#x200B; + +People wrote in opposed to the change, citing market manipulation in the form of naked shorting, since most of the issuers removing their securities from the DTC were doing it because they were being targeted by short sellers. + +&#x200B; + +The firms writing in about the rule change that were in favor of it cited the Direct Registration Service as the means of being able to remove shares from the DTC. + +[DRS!](https://preview.redd.it/y02oqmscf4d81.png?width=689&format=png&auto=webp&s=c5bcdacc816db233aa55498a4408c8f8fcc6ddff) + +[DRS!](https://preview.redd.it/x3rren5df4d81.png?width=569&format=png&auto=webp&s=f57de98b6880a17ae2c885fb1272a837491052ce) + +&#x200B; + +&#x200B; + +[yes, unless investors decided to use the DRS](https://preview.redd.it/ssp4vta8f4d81.png?width=701&format=png&auto=webp&s=7e223f682b7a7787aaf5d1b887322cf71324a0ff) + +&#x200B; + +# Their argument for the rule change was that individual investors could just utilize the Direct Registration System to move their shares out of the DTC! + +Just a reminder that the DD is never done! This DD from 9 months ago is STILL RELEVANT and important today! I consider this place like the Wikipedia of market fuckery 💖 and I love it more and more every day +Edit: I like getting downvoted within seconds of making a post. You couldn't have even read this. Thanks! + +Edit #2: Thank you so much for all the advice. I won't be making this mistake. I called a mortgage broker as recommended and he thinks we can be worked with. + +\---- + +I'm self-employed and don't have a good tax record to show lenders for a normal home--I've tried to qualify and can't. I did however qualify for a loan at a nearby mobile park for $120k, based on my pay stubs as my business is finally taking off as of last year. I want to stop paying out the arse in rent for my house (I have no interest in living in an apartment, I won't do it again, for a lot of reasons). I currently pay $1900 a month to RENT a mobile home, and while I like my house and actually enjoy living in a mobile home, if I bought one, including land rent it would be $1300 per month (if I maxed out my loan). + +Regular home sales start at 195k here for homes in kind of shitty areas. The housing market is really intense here. Homes are sold practically as soon as they go up, a lot of people want to live here. It's been that way for about 15-20 years. + +The park I'm looking at is really nice. It's a very tight-knit community that background checks everyone, doesn't allow anyone to rent out their units, etc. It's set up like a normal neighborhood, it's quite large, doesn't look like a trailer park. Very well-maintained and landscaped. VERY safe area, zero crime, etc. Comparably sized homes in this particular area are 250k+ + +I looked at one mobile home in this park from *1996* that sold for 50k despite having a gutted bathroom, a ceiling leak and needing a new roof. I know how much it sold for because I offered 20k for the hell of it (it needed a lot of work). It had three offers on it and was originally priced at 70k. + +Another one in this park for 65k from 1991 went up for sale, in great shape. I offered 60k, but nope, someone else offered more. Sold. + +The property manager (who's a resident, they hired her when management changed) said it would be almost impossible to find a newer home for under 75k, and that if it's under 75k it needs work. The one I'm looking at right now is brand-new, never-been-used, for 105k. It already has multiple offers on it and I'm considering offering but don't know if I'm making a stupid decision because all I hear is to "NEVER, EVER buy a mobile home because you'll never be able to sell it." But a comparable one in this park that's 10 years old was on Zillow for all of a week at 90k and is already "pending." + +AGH. I don't know what to do! +Well, I've been looking at a lot of the comments related to BANG Gang (BB, AMC, NOK, GME), and it seems like a lot of other people are a) spreading disinformation about GME and b) spreading other stocks trying to take attention away from GME. **This includes but is not limited to:** + +\- "Silver Short Squeeze" (fuck off, clearly trying to bait money away from BANG) + +\- Sundial Growers + +\- Inovio Pharmaceuticals (fuck pharma stocks) + +\- Ford (?) + +\- A certain currency (Was pumped and dumped, already over now) + +\- Literally any other fucking stock + +\- This includes the clowns telling people to buy LEVI, MAC, and SPCE **🤡🤡🤡** + +\- Saying the "GME short squeeze is over" (It isn't over, it never happened) + +\- Saying Melvin Capital closed their short position (No they didn't, short interest is still at >100%) + +**I also saw a lot of comments about buying in, and which broker to use. I am not offering financial advice.** + +\- GME is the only one that has >100% short interest. + +\- Hold as long as it takes for the short squeeze to happen. No one knows when it will happen. + +\- If you need to find a broker, use this list: [https://www.reddit.com/r/stocks/comments/l8rhr3/weekend\_gme\_thread\_homework\_for\_all\_lets\_stop/](https://www.reddit.com/r/stocks/comments/l8rhr3/weekend_gme_thread_homework_for_all_lets_stop/) + +It separates it into the brokers you want to avoid and the ones you want to use (includes EU). + +Can'tStop. Won'tStop. GameStop. + +🚀 🚀 🚀 🚀 🚀 🚀 +People underestimate Blackberry's QNX operating system as a secure RTOS (Real Time Operating System) based off of microkernel architecture. 🚀 + +For those who don't know how a RTOS microkernel operates let's explain with minor detail. QNX is one of the most adopted embedded OS's in the world it's installed in defense systems, power plants, municipal grids, robotics, rockets, rail and 175 million vehicles and rising.🚀 + +The reason for it's adoption is because of the way a QNX Neutrino RTOS operates compared to what we consider typical everyday operating systems. Most operating systems including IOS, Windows, Linux(Android) and MacOS to name the most apparent run on monolithic designs or hybrid kernels.🚀 + +A true microkernel architecture like QNX Neutrino RTOS has full memory protection which is built in meaning that any component can fail and be restarted without corrupting the microkernel or other components in the system. If failure does occur, QNX has the ability to rectify the problem without affecting any other part of the system through process monitoring and recovery components. This feature and ability equals extreme reliability, security and being a microkernel the OS is also modular.🚀 + +So what is the big deal your probably asking, Apple, ABC, and Microsoft might enter the space? Not exactly, in fact there has been work in this space from all three companies. Apple opened a facility across from QNX in Kanata and hired the ex creator of the OS Dan Dodge in 2016 to work with Mansfield on the autonomous car project called project Titan. The need for a secure and stable software is where Dodge and his decades of experience from QNX come into play.🚀 + +The need for a software system as reliable and secure as QNX should be a big flag to the sheer potential of QNX. It is clearly a threat and tough competition for even the biggest software companies. Not only this but project Titan continues to be illusive revealing possible setbacks and interference in trying to compete but also Apple lost several top managers from it's Apple Car project causing a potential setback to the launch revealing some attrition in the project.🚀 + +QNX version (7.1) is years ahead and analysts predict the next competitor is still 5 years away from anything even remotely close. QNX hypervisor 2.0 is 61508 SIL 3 certified and has been recognized as ISO 26262 ASIL D compliant making it the world's first ASIL D safety-certified commercial hypervisor. 🚀 + +As other's race to catch up, BlackBerry has been filing patents on it's system.🚀 + +The QNX Hypervisor utilizes patented and patent-pending technologies that simplifies how elements are shared on the system. Multiple OS's can use 1 display controller to render content onto multiple displays, aka digital instrument clusters and infotainment.🚀 +Letting people know I have enough money to be FI especially at a very young age still makes me uncomfortable. I did webdesign but after my last job I tell people I do freelance work from home though most of the time I really don't. People usually don't dig for details and its been working out but I do worry about being 'found out'. + +Do any of you use the "I do ___ freelance from home" line to avoid telling people about your money? Do you feel insincere? +I bank with Bank of America, lost 10 days to work due to Covid and then another 3 due to effects of the vaccine. Went into the negative with two recurring bills and now I’m getting overdrafted out the ass... I already tried switching to a different account within boa to stop overdraft fees and it wouldn’t let me?? Not sure what to do +Not sure if this is the right place to post this and apologies if it isn't. Basically I live in the southeast where rents are stupendously high. To offset this I house share. Currently in a pretty big house which has five other people, rent and bills are all handled by one person, calculated at the end of the month and then split evenly amongst everyone. + +Here's the kicker, only three of us have tenancy agreements and the other three are living there ad-hoc. Bad idea, I know but hey. We wanted cheaper rent and they didn't have money for deposits and didn't want to be tied for a set time. + +Trouble is, the three who have no agreement have trouble keeping jobs and are generally complete nightmares. With this Corona trouble they're not wanting to pay any rent at all. Problem is our Landlord isn't taking a rent break or whatever else is available as that will just push what needs to be paid down the road. So we're having to pay rent anyway. Hopefully you can see the problem, these three aren't even supposed to be in the house. How can we get the rent from them? + +Basically I'm asking what options do we have for making them leave? +[ADAX.PRO](https://ADAX.PRO) is a team of people supposedly working on a new DeFi project for the Cardano ecosystem, and of course like the good little r/CryptoCurreny member I am, I've elected to do my own research and you should too. + +That being said I've found some disturbing rumours circulating about the project and so I started looking into them based on my own suspicions about the project being fraudulent. + +Now what do I mean? first off take a look at their [website](https://ADAX.PRO). At first glance it looks professional and it's certainly a fluid, well made web design however, when I really sat down and tried to learn about what they were doing I found it unnervingly hard to do so. I wanted to understand more about how the platform worked and how it would compete with other up and coming DeFi projects but all I could find was a well designed website with very vague descriptions about the project's inner workings. + +I read their white paper, I watched their videos, I watched multiple interviews with the CMO Dovydas Petkevičius and it was all to no avail. + +The project as a whole was lacking any kind of technical information. I could find no code, no Github, no visual models or plan for what they were creating. That's when I dove into their social media which unsurprisingly is rife with people that have the same concerns as me however they are far outweighed by the moonboy culture and active sentinels who will be ready to defend and shut down and reasonable questions that dare to dig a little deeper. There's a lot of "we'll be releasing code soon" "Just wait" type responses that have been the norm for months now. + +The telegram is full of people who want to go to the moon and the community and its mods encourage it. This sends off red flags instantly, I've spent time lurking pump and dump meme coin discords before just to observe (creepy I know) but I find it's a good way to gauge a community's drive and intentions. + +So anyway, this is long winded I'm sorry. When I'm checking out the team associated with the project on linkedin I notice a lot of the team members are based in Lithuania and there's nothing wrong with that of course but still I made the mental note. + +Fast forward, I look at the buying process for the tokens. They are only available on one exchange, EXmarkets. Nothing too unsual. A lot of startups require some sort of launchpad to get going. As I'm exploring the website I see a little Lithuanian flag at the bottom of the page "Oh they're based in lithunia too. Odd coincidence but not impossible. They could be working together" + +It's around about this time I look at the reviews for exmarkets. I found quite a few stories suggesting that the site is a scam and that large amounts of money customers had put in had been locked and subject to 30-50% fees to unlock. + +Weird, but there's always those few within this space who lose their money due to their own error and blame the exchange or the software. You see it on almost every crypto platform. I didn't find out much about the exchange other than it's a place that provides a service that facilitates newer projects with marketing and a listing on their exchange + +https://preview.redd.it/xzrj1zqn85j71.png?width=1407&format=png&auto=webp&s=e1681154d5be364f7d64e021ba7cc49b80db9262 + + Soon after this that I found [solanax.org](https://solanax.org) , an up and coming project that has a resemblance to ADAX. The web design is like a finger print of its developer. It's not just graphically and visually similar. It has the same level of opacity and vague information available as ADAX's project. Lo and behold their core team also is heavily represented by Lithuania. Now I'm feeling like a detective but I'm still doubting myself. I don't want to put out potentially damaging information to an honest project. What if I'm wrong and this is all perfectly innocent? But what if my suspicions are correct and more people will get hurt by this elaborate scam. People easily forgo reason when there's an expectation of a huge payout. + + I decided to check user reviews of Exmarkets. The reviews are highly positive in most places but if you look at it carefully some of the reviews are written under the same names as the telegram, reddit and discord active users/mods. Certainly there's incentive to do so. + + There are plenty of hidden negative reviews though and they mostly tell horror stories of losing money and having their funds locked. Some conspiritorial reviews even directed me to an old website [coinstruction.com](https://coinstruction.com) which is now down. Luckily we have a beautiful tool called the Waybackmachine that snapshots and archives the internet. Now compare and contrast this old project [https://web.archive.org/web/20191016202953/https://www.coinstruction.com/](https://web.archive.org/web/20191016202953/https://www.coinstruction.com/) with the current [ADAX.PRO](https://ADAX.PRO) site. Uncanny to say the least + +https://preview.redd.it/pewziwd795j71.png?width=678&format=png&auto=webp&s=e3cc22b7f08f15040cb81b8dfafac9ef1cde1b2b + +https://preview.redd.it/zuhtblz895j71.png?width=434&format=png&auto=webp&s=1d2bdf457bfb2575cc4b369a9261057f1b1070ec + +https://preview.redd.it/sow9ey4a95j71.png?width=403&format=png&auto=webp&s=e1472bbf0d7003aff1d25907992ab9d4e497d194 + + This isn't such a big deal. Marketing can and will happen. + + Now, after looking at the familiar vague descriptions of the Coinstruction plan and lighter than a feather white paper I moved on to the team at the time circa 2018-19. + + First thing I noticed was that the Coinstruction backend senior director Muhammad Furqan, is now the CTO of ADAX. Again it's not that odd. Perhaps the project failed and he moved on to ADAX with more experience and a better plan. + + The next thing I did was look into the founder of Coinstruction Tadas Kasputis. It seems he has a shady past and has been involved High-Yield Investment Programs and pyramid schemes since before Bitcoin was conceived. + + I found this [article](https://siliconangle.com/2015/01/23/millions-stolen-inside-the-elaborate-bitcoin-scams-of-tadas-kasputis-egopay-virtex-com-paymentbase/) from 2015 investigating some of his ventures. + +&#x200B; + + Needless to say this has raised more red flags and questions than I initially had thought. + + I could be wrong and I for sure don't have all the information available but I would think very very carefully about putting your money into this project. + + The lack of transparency is alarming and I'd hate for the start of the Cardano Ecosystem to be marred by a big rug pull. + + There's a lot of Cardano hype right now and people will absolutely FOMO into these without doing their due diligence. + +They also have partnerships with various other projects like Charli3 and Blackdragon which I haven't had the time to look into. I did see Charli3's white paper though and it suffers from a similar lack of information. + +&#x200B; + + If I'm wrong that's fine and I'll eat my words. But I'd rather people err on the side of caution during this time of immense hype. Life changing money is alluring and scammers are experts at taking advantage of that. + +&#x200B; + +The world is getting smarter and that means the scammers are getting smarter too. Be safe. +[ADAX.PRO](https://ADAX.PRO) is a team of people supposedly working on a new DeFi project for the Cardano ecosystem, and of course like the good little r/CryptoCurreny member I am, I've elected to do my own research and you should too. + +That being said I've found some disturbing rumours circulating about the project and so I started looking into them based on my own suspicions about the project being fraudulent. + +Now what do I mean? first off take a look at their [website](https://ADAX.PRO). At first glance it looks professional and it's certainly a fluid, well made web design however, when I really sat down and tried to learn about what they were doing I found it unnervingly hard to do so. I wanted to understand more about how the platform worked and how it would compete with other up and coming DeFi projects but all I could find was a well designed website with very vague descriptions about the project's inner workings. + +I read their white paper, I watched their videos, I watched multiple interviews with the CMO Dovydas Petkevičius and it was all to no avail. + +The project as a whole was lacking any kind of technical information. I could find no code, no Github, no visual models or plan for what they were creating. That's when I dove into their social media which unsurprisingly is rife with people that have the same concerns as me however they are far outweighed by the moonboy culture and active sentinels who will be ready to defend and shut down and reasonable questions that dare to dig a little deeper. There's a lot of "we'll be releasing code soon" "Just wait" type responses that have been the norm for months now. + +The telegram is full of people who want to go to the moon and the community and its mods encourage it. This sends off red flags instantly, I've spent time lurking pump and dump meme coin discords before just to observe (creepy I know) but I find it's a good way to gauge a community's drive and intentions. + +So anyway, this is long winded I'm sorry. When I'm checking out the team associated with the project on linkedin I notice a lot of the team members are based in Lithuania and there's nothing wrong with that of course but still I made the mental note. + +Fast forward, I look at the buying process for the tokens. They are only available on one exchange, EXmarkets. Nothing too unsual. A lot of startups require some sort of launchpad to get going. As I'm exploring the website I see a little Lithuanian flag at the bottom of the page "Oh they're based in lithunia too. Odd coincidence but not impossible. They could be working together" + +It's around about this time I look at the reviews for exmarkets. I found quite a few stories suggesting that the site is a scam and that large amounts of money customers had put in had been locked and subject to 30-50% fees to unlock. + +Weird, but there's always those few within this space who lose their money due to their own error and blame the exchange or the software. You see it on almost every crypto platform. I didn't find out much about the exchange other than it's a place that provides a service that facilitates newer projects with marketing and a listing on their exchange + +https://preview.redd.it/xzrj1zqn85j71.png?width=1407&format=png&auto=webp&s=e1681154d5be364f7d64e021ba7cc49b80db9262 + + Soon after this that I found [solanax.org](https://solanax.org) , an up and coming project that has a resemblance to ADAX. The web design is like a finger print of its developer. It's not just graphically and visually similar. It has the same level of opacity and vague information available as ADAX's project. Lo and behold their core team also is heavily represented by Lithuania. Now I'm feeling like a detective but I'm still doubting myself. I don't want to put out potentially damaging information to an honest project. What if I'm wrong and this is all perfectly innocent? But what if my suspicions are correct and more people will get hurt by this elaborate scam. People easily forgo reason when there's an expectation of a huge payout. + + I decided to check user reviews of Exmarkets. The reviews are highly positive in most places but if you look at it carefully some of the reviews are written under the same names as the telegram, reddit and discord active users/mods. Certainly there's incentive to do so. + + There are plenty of hidden negative reviews though and they mostly tell horror stories of losing money and having their funds locked. Some conspiritorial reviews even directed me to an old website [coinstruction.com](https://coinstruction.com) which is now down. Luckily we have a beautiful tool called the Waybackmachine that snapshots and archives the internet. Now compare and contrast this old project [https://web.archive.org/web/20191016202953/https://www.coinstruction.com/](https://web.archive.org/web/20191016202953/https://www.coinstruction.com/) with the current [ADAX.PRO](https://ADAX.PRO) site. Uncanny to say the least + +https://preview.redd.it/pewziwd795j71.png?width=678&format=png&auto=webp&s=e3cc22b7f08f15040cb81b8dfafac9ef1cde1b2b + +https://preview.redd.it/zuhtblz895j71.png?width=434&format=png&auto=webp&s=1d2bdf457bfb2575cc4b369a9261057f1b1070ec + +https://preview.redd.it/sow9ey4a95j71.png?width=403&format=png&auto=webp&s=e1472bbf0d7003aff1d25907992ab9d4e497d194 + + This isn't such a big deal. Marketing can and will happen. + + Now, after looking at the familiar vague descriptions of the Coinstruction plan and lighter than a feather white paper I moved on to the team at the time circa 2018-19. + + First thing I noticed was that the Coinstruction backend senior director Muhammad Furqan, is now the CTO of ADAX. Again it's not that odd. Perhaps the project failed and he moved on to ADAX with more experience and a better plan. + + The next thing I did was look into the founder of Coinstruction Tadas Kasputis. It seems he has a shady past and has been involved High-Yield Investment Programs and pyramid schemes since before Bitcoin was conceived. + + I found this [article](https://siliconangle.com/2015/01/23/millions-stolen-inside-the-elaborate-bitcoin-scams-of-tadas-kasputis-egopay-virtex-com-paymentbase/) from 2015 investigating some of his ventures. + +&#x200B; + + Needless to say this has raised more red flags and questions than I initially had thought. + + I could be wrong and I for sure don't have all the information available but I would think very very carefully about putting your money into this project. + + The lack of transparency is alarming and I'd hate for the start of the Cardano Ecosystem to be marred by a big rug pull. + + There's a lot of Cardano hype right now and people will absolutely FOMO into these without doing their due diligence. + +They also have partnerships with various other projects like Charli3 and Blackdragon which I haven't had the time to look into. I did see Charli3's white paper though and it suffers from a similar lack of information. + +&#x200B; + + If I'm wrong that's fine and I'll eat my words. But I'd rather people err on the side of caution during this time of immense hype. Life changing money is alluring and scammers are experts at taking advantage of that. + +&#x200B; + +The world is getting smarter and that means the scammers are getting smarter too. Be safe. +What are the benefits for investing in super? I have a vague idea that there are tax benefits, but what are they? + +As I'm wanting to buy my first house ASAP, should I be investing my money in super or in my own share portfolio? Can my super still go towards a house? +Started with 30k capital in June. Withdrew 25k this past month to pay for a car. + +My first trades were HTZ Bought 6 Oct 16 6C @ 1.48 $888 and H Bought 2 Aug 21 70C @ 5.40 $1080. + +My most profitable strategies were short strangles, short puts, occasionally short calls and deep delta long calls. + +My biggest losses were earning plays on TGT and BYND. Lost 10k/27k respectively. The lesson I learned was to be consistent with my losers, so cut em loose sooner. + +Some other things that helped me this year were patience, risk management, exploring new strategies, keeping a watchlist and looking out for patterns/trends. The options sub was my #1 source of education when I started. I always asked questions in the noob thread, and probably combed through 80% of it’s history to learn as much as I can. Very thankful for people like redtexture, papacharlie9, maxcapacity, esinvests (Erik) for being mentors to new traders like myself. + +I do know I am still an amateur. I will still be a regular on the noob thread, but I wanted to share a bit of my story to cap off the year. I have no friends who actively trade the market :( + +[https://imgur.com/RjueIgy](https://imgur.com/RjueIgy) +[https://imgur.com/swfsLp4](https://imgur.com/swfsLp4) + +&#x200B; +I have a loan that I could pay of but it's kind of hard for me to go thought with it because I think it would be better to invest the money in dividend Stocks. +If next year inflation gets even worse wouldn't it be better to have the money invested the to pay of a loan? + +Edit: sorry interest rate I'd something below 3% fixed +Bearish sign? + +[https://www.npr.org/2022/01/31/1076978207/starbucks-union-push-spreads-to-54-stores-in-19-states](https://www.npr.org/2022/01/31/1076978207/starbucks-union-push-spreads-to-54-stores-in-19-states) + +Starbucks is facing a fast-growing union campaign just weeks after the first U.S. corporate store unionized in Buffalo, N.Y. + +Employees at 54 stores in 19 states are pursuing union elections, according to organizers. Fifteen of those stores joined the union drive on Monday, petitioning the federal labor officials to set a vote. The filing coincides with the start of contract negotiations between Starbucks and unionized workers in Buffalo. + +Last month, Starbucks workers at three New York stores held union elections. A majority voted in favor at two of the three locations, unionizing 64 workers. Now, some 30 Starbucks workers in Mesa, Ariz., are wrapping up their own union election by mail. Employees at three more Buffalo-area locations also begin voting this week. Starbucks workers form their 1st union in the U.S. in a big win for labor. + +Altogether, the union-election push affects only a fraction of almost 9,000 U.S. stores run by Starbucks. But the quick and high-profile first union victory in Buffalo became a watershed moment for the company, especially as restaurant workers are among the country's least unionized. +Unless you have been living under a rock, we just experienced a catastrophic crypto meltdown. + +People are understandably upset, posts here are now emotionally charged. However the writing was on the wall as highlighted in my previous post + +https://www.reddit.com/r/CryptoCurrency/comments/ubg9me/despite_what_people_say_on_this_sub_expect_crypto/?utm_medium=android_app&utm_source=share + +I don't intend this to be a told you so post, I want to simply urge people to be cautious and think twice before overinvesting. + +This is NOT a dip, this is likely the start of a drawn out bear market. + +Inflation and rates are still on the rise, there are no immediate fixes for the supply issue, covid is still running rampant and the risk of war escalating grows by the day. + +The Luna debacle broke alot of trust in stablecoins and crypto generally. People are all of a sudden realising these so called guaranteed stable coin returns were actually unrealistic and made of unicorn dust. Alot of people are taking a step back and thinking, are the returns on my staking realistic? Could I be like the Luna holders and not be able to take funds out in the event of a crash? Where are the returns coming from? + +All valid risks, people are much cautious. The authorities will regulate this space as a result. They have their catalyst. They could force other stables like tether to reveal their assets and they too could be made of unicorn dust. + +My message is this. The risks are still very grave here and if your not prepared to whether the storm think seriously about investing and never invest more than you can afford to lose. + +I am still bullish long term. I will be patiently DCAing awaiting the next run. We will all be ok, just be sure you understand now is an extremely risky time to be investing. +[https://www.reuters.com/article/us-trade-nafta/mexico-u-s-nafta-agreement-close-but-item-still-pending-minister-idUSKCN1LC1E7](https://www.reuters.com/article/us-trade-nafta/mexico-u-s-nafta-agreement-close-but-item-still-pending-minister-idUSKCN1LC1E7) +The Buy Nothing project has literally changed my life. We have gotten a full sized (not broken) trampoline, a playhouse with a swing set, free food, kids shoes and cleats, specific toys, etc. and giving has been a fantastic way to clean out my extra stuff. I highly recommend it. +What changes are you going to make in 2020 that might be different than what you've done in the past? Save more? Buy real estate? Create a 529? There's no wrong answer. + +I'm 31M and considering finding a remote job in my industry that would allow me to relocate to a mountain town or somewhere closer to nature as I've realized this is an important part of a life I want to live. +Hey guys, + +I posted a question today about splurging + +https://www.reddit.com/r/fatFIRE/comments/efgxqh/need_advice_on_splurging_along_the_way/?utm_source=share&utm_medium=ios_app&utm_name=iossmf + + +Some posters mentioned that I should get a car loan at 2% since the average returns are 5%. I have 100K sitting in a money market generating 1.5% return. I did this since it’s safe and I wanted to make sure my money was available during an emergency. + +It seems that I am probably missing the boat and not investing wisely. + +How do you all invest your emergency fund? What’s your rate of return for 2019? + +I appreciate all the input. +Firstly, I do not want this to turn into a political thread. I'm interested in all perspectives and how people with the means to move abroad feel about it given the heated political climate in the United States. +If you have left the US or plan to, what are your pros/cons? If not, why would you stay? Some talking points I'd like everyone's input on: + + +* Polarization of the political landscape in the US. Senators on opposite sides of the aisle used to golf together, nowadays they will hardly talk. I think many would agree this hinders progress for the common good. I know other countries have their problems too, but it seems much worse here for a developed country. +* Direction the country is going. Whether your concerns are the present, future, or past presidencies/legislative bodies and if that is influencing your thoughts of moving. +* Personal freedoms. Maybe there are some things that you can do in the US or opportunities here that don't exist or are more difficult to come by abroad. Perhaps owning or starting a business is easier here. +* Others? Cheaper university elsewhere? Difference in healthcare structure? Other pros/cons that I'm missing? + +Thank you for reading and your input. Again, I'm not necessarily interested in your political leanings, but rather how they influence your decision to stay or leave the US. + + +The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.8 percent in February on a seasonally adjusted basis after rising 0.6 percent in January, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 7.9 percent before seasonal adjustment. + +Increases in the indexes for gasoline, shelter, and food were the largest contributors to the seasonally adjusted all items increase. The gasoline index rose 6.6 percent in February and accounted for almost a third of the all items monthly increase; other energy component indexes were mixed. The food index rose 1.0 percent as the food at home index rose 1.4 percent; both were the largest monthly increases since April 2020. + +The index for all items less food and energy rose 0.5 percent in February following a 0.6-percent increase the prior month. The shelter index was by far the biggest factor in the increase, with a broad set of indexes also contributing, including those for recreation, household furnishings and operations, motor vehicle insurance, personal care, and airline fares. + +The all items index rose 7.9 percent for the 12 months ending February. The 12-month increase has been steadily rising and is now the largest since the period ending January 1982. The all items less food and energy index rose 6.4 percent, the largest 12-month change since the period ending August 1982. The energy index rose 25.6 percent over the last year, and the food index increased 7.9 percent, the largest 12-month increase since the period ending July 1981. + +[https://www.bls.gov/news.release/cpi.nr0.htm](https://www.bls.gov/news.release/cpi.nr0.htm) +So Im with O2 Pay Monthly, and they are charging me £23 per month for 10GB data and unlimited mins, text etc. + +However, when I look at their Pay as You Go deals, if I top up £10 per month Id get 14gb, unlimited mins,text. + +So why on earth would I stick with Pay Monthly? Is there some added benefit Im missing? + +Update: So yes Im being ripped off by O2. Ive contacted them and they offered me 10 gb for £10 and insisted that was the best they could do. Im going to now shop around. Its tough because the area I live in they have the best signal. + +&#x200B; + +&#x200B; +I was looking at the historic 401k contribution limits, and the much higher employer contribution column got me thinking. Any companies out there actually do this? The best i've personally seen is a 10% contribution regardless of what the employee puts in. This is still nowhere near the 36k max... at least not for people in my economic class. +I know it’s not an option for lots of people, but door dashing is seriously helping me immensely, and I should be able to get out of debt relatively quickly with it. Yes there’s extra miles on my car (100-120 for 5-6 hours) and it’s costing more in gas, but I’m averaging about $120 a day. In 4 days I’ve made almost $500. It’s seriously the best feeling ever. It’s also keeping me off the streets. I got suspended without pay for a week at work, decided to start dashing finally, and I’m gonna be okay without that paycheck. If you have pondered the idea, I’ll tell you it may be worth looking into! I’ll give tips I’ve learned in the comments if anybody is interested! + + +I thought I'd write about the last four years, an eventful time for Bitcoin and me. + +For those who don't know me, I'm Hal Finney. I got my start in crypto working on an early version of PGP, working closely with Phil Zimmermann. When Phil decided to start PGP Corporation, I was one of the first hires. I would work on PGP until my retirement. At the same time, I got involved with the Cypherpunks. I ran the first cryptographically based anonymous remailer, among other activities. + +Fast forward to late 2008 and the announcement of Bitcoin. I've noticed that cryptographic graybeards (I was in my mid 50's) tend to get cynical. I was more idealistic; I have always loved crypto, the mystery and the paradox of it. + +When Satoshi announced Bitcoin on the cryptography mailing list, he got a skeptical reception at best. Cryptographers have seen too many grand schemes by clueless noobs. They tend to have a knee jerk reaction. + +I was more positive. I had long been interested in cryptographic payment schemes. Plus I was lucky enough to meet and extensively correspond with both Wei Dai and Nick Szabo, generally acknowledged to have created ideas that would be realized with Bitcoin. I had made an attempt to create my own proof of work based currency, called RPOW. So I found Bitcoin facinating. + +When Satoshi announced the first release of the software, I grabbed it right away. I think I was the first person besides Satoshi to run bitcoin. I mined block 70-something, and I was the recipient of the first bitcoin transaction, when Satoshi sent ten coins to me as a test. I carried on an email conversation with Satoshi over the next few days, mostly me reporting bugs and him fixing them. + +Today, Satoshi's true identity has become a mystery. But at the time, I thought I was dealing with a young man of Japanese ancestry who was very smart and sincere. I've had the good fortune to know many brilliant people over the course of my life, so I recognize the signs. + +After a few days, bitcoin was running pretty stably, so I left it running. Those were the days when difficulty was 1, and you could find blocks with a CPU, not even a GPU. I mined several blocks over the next days. But I turned it off because it made my computer run hot, and the fan noise bothered me. In retrospect, I wish I had kept it up longer, but on the other hand I was extraordinarily lucky to be there at the beginning. It's one of those glass half full half empty things. + +The next I heard of Bitcoin was late 2010, when I was surprised to find that it was not only still going, bitcoins actually had monetary value. I dusted off my old wallet, and was relieved to discover that my bitcoins were still there. As the price climbed up to real money, I transferred the coins into an offline wallet, where hopefully they'll be worth something to my heirs. + +Speaking of heirs, I got a surprise in 2009, when I was suddenly diagnosed with a fatal disease. I was in the best shape of my life at the start of that year, I'd lost a lot of weight and taken up distance running. I'd run several half marathons, and I was starting to train for a full marathon. I worked my way up to 20+ mile runs, and I thought I was all set. That's when everything went wrong. + +My body began to fail. I slurred my speech, lost strength in my hands, and my legs were slow to recover. In August, 2009, I was given the diagnosis of ALS, also called Lou Gehrig's disease, after the famous baseball player who got it. + +ALS is a disease that kills moter neurons, which carry signals from the brain to the muscles. It causes first weakness, then gradually increasing paralysis. It is usually fatal in 2 to 5 years. My symptoms were mild at first and I continued to work, but fatigue and voice problems forced me to retire in early 2011. Since then the disease has continued its inexorable progression. + +Today, I am essentially paralyzed. I am fed through a tube, and my breathing is assisted through another tube. I operate the computer using a commercial eyetracker system. It also has a speech synthesizer, so this is my voice now. I spend all day in my power wheelchair. I worked up an interface using an arduino so that I can adjust my wheelchair's position using my eyes. + +It has been an adjustment, but my life is not too bad. I can still read, listen to music, and watch TV and movies. I recently discovered that I can even write code. It's very slow, probably 50 times slower than I was before. But I still love programming and it gives me goals. Currently I'm working on something Mike Hearn suggested, using the security features of modern processors, designed to support "Trusted Computing", to harden Bitcoin wallets. It's almost ready to release. I just have to do the documentation. + +And of course the price gyrations of bitcoins are entertaining to me. I have skin in the game. But I came by my bitcoins through luck, with little credit to me. I lived through the crash of 2011. So I've seen it before. Easy come, easy go. + +That's my story. I'm pretty lucky overall. Even with the ALS, my life is very satisfying. But my life expectancy is limited. Those discussions about inheriting your bitcoins are of more than academic interest. My bitcoins are stored in our safe deposit box, and my son and daughter are tech savvy. I think they're safe enough. I'm comfortable with my legacy. +My employer has told me and the team that we need to carry on working (a few less hours than normal) whilst we are on furlough. I know from the gov website that this isn't legal. I'm worried that I and the rest of my colleagues will get into trouble for it and I'm not sure what to do. I don't want to be made redundant so I have been going along with what my employer wants for now. Can someone help? +I’m in my late 40s and planning to exit a company I co-founded. Long story short, I was a minority equity holder in a business that we sold to a PE firm just over a year ago. + +&#x200B; + +**My financial situation:** + +\- $11.5 MM liquid (95% post-tax money) + +\- $1MM in home equity and about $1MM in mortgage debt + +\- \~$2MM still in the business (combination of what I “rolled forward” in the PE transaction and my vested incentive equity since the PE transaction). My expectation is that this will grow to $3-4MM by the time I get liquidity. The absolute worst case I could imagine is that the business falls apart and this is worth $1MM when I get liquidity. + +&#x200B; + +**My personal situation:** + +Two teenage kids…headed toward an empty nest in just under 3 years. Wife has been a stay-at-home mom for the past 17 years and has no desire to start working outside the home. It feels (to me) like she’s heading toward a “what am I supposed to do now?” situation as the kids are significantly less dependent on mom for day-to-day support. + +From a work/life balance perspective, my past decade has been pretty unbalanced (toward work). Our marriage is good, our kids are happy and well adjusted…but I have some regrets about how heavily the business has figured into my life overall. My hobbies, friends and overall well-being have probably suffered a bit. + +&#x200B; + +**My goal:** + +Build a “next chapter” professionally and personally. I’m hoping to deploy \~$1MM in private company investments (was thinking 4-6 investments total) that provide a nice return while also giving me an opportunity to advise / participate at an operational level in the businesses I invest in. + +Another option I’ve thought about is pursuing an “operating partner” role within a PE firm – someone that can be deployed into a portfolio company as an advisor or for project-based work. + +No matter what I do, I’m trying to keep “work” to under 20 hours per week so I can also focus on building a “next chapter” life with my wife. + +&#x200B; + +**My question(s):** + +*Has anyone here gone down either of these roads? How did you get yourself in a position to see investment opportunities (angel funds, entrepreneur community events, etc)? Has it been fun? Has it been lucrative?* + +*Has anyone here made the “empty nest” transition around the same time as retirement? How has that gone? What suggestions would you have for someone about to go through it?* +Seems they have a REST interface. With the switch to commission-free, it's gone from highly impractical to possibly quite good. Anybody have any experience and can comment on things like fill quality or short availability or any other possible hang-ups? +I currently have some experience coding in R and like the language however, I came across an article that I found very interesting using several deep learning techniques to predict stock index price movements. + +[https://journals.plos.org/plosone/article?id=10.1371/journal.pone.0180944](https://journals.plos.org/plosone/article?id=10.1371/journal.pone.0180944) + +I have started trying to write the code in R to test their findings as the dataset used was provided but I am struggling to implement the same techniques used. I assume this was coded in python. If anyone has experience coding in python and can check to see if the published results match I would be inclined to start learning the language too. +Hello all, + +Hope you are having a good day, I am reaching out to ask a quick question. Two years ago I became pretty dissatisfied with what school could teach (I am currently a sophomore in a cs/math degree), so I started studying what I could about advanced maths and algorithmic trading in specific through online resources such as MIT Sloan's videos and Stevens curriculum online. I have gotten to the point where I feel very familiar with very advanced topics like Ito calculus, stochastic processes, dimensionality reduction, RNN's, Kalman filters, etc, etc. But I still feel like there is more that I can learn, so I was just curious, what kind of math or strategies do big Quant trading firms employ to get such extreme results, and where can I learn more about it? + +(I am particularly interested in learning more about Portfolio optimization as I have heard this is where the really fun math is) + +Thank you for taking the time out of your day to read this. +Say for example I want to buy QQQ every time there is decrease in it value of .25% as long as the VIX is under 20.00 and sell if it regains that .25%. Is there somewhere I could test this strategy? The strategy itself is not important. What I am interested in is if there is some platform where I can test/backtest algorithmic strategies. + +Thanks +Over the last 6 months, I have begun acquiring long-term rental real estate at a pretty fast rate. After a seller accepted a recent offer of mine, I naturally took the contract to the bank. + +After reviewing my personal financial statement and given my largely new real estate portfolio value relative to my equity position, the bank required a much larger down payment to finance this property than past loans. The loan officer commented that I had more than enough liquid assets to make this down payment if I would sell some of my Bitcoin. Rather than sell Bitcoin to fund this downpayment for cashflowing real estate, I exercised the financing contingency in the sales contract and backed out of the deal due to inability to obtain financing. + +I tell you all this because I believe that the Bitcoin position in my portfolio is far more valuable than anything else I could reasonably buy. The thought of selling even a single sat to purchase anything else just seems foolish. + +Keep stacking! +Looking at getting on the property ladder in the next year or so but here is the kicker, I had cancer at the age of 25 in 2020. It was a very treatable form (thyroid) and after one operation and one radioactive pill, I’ve been living a pretty much normal life albeit with regular monitoring to ensure any recurrence is spotted promptly. + + +One knock-on effect of this though is that no life insurance company will touch me with a bargepole. Despite the statistics telling me that I’m only a very slightly higher risk than the rest of the population, the insurers just heard the “C” word and run a mile. + +Does this mean I have no chance of being able to buy a house? If it helps at all, I’ll be buying with my girlfriend who will have no problems obtaining life insurance. +Hi guys, +Is anyone else having this problem today? I even tried resetting my router and it doesn’t seem to work. I finally have enough money to buy a TSLA 690 call (sex number haha) Thanks in advance +I’m about to have a baby and have recently lost my relatively high-paying job (6 weeks before mat leave! That’s a whole other story though. My partner also only works 2 days a week at the moment (thanks COVID). + +I’m trying to figure out what things will look like after the 18 weeks of paid parental leave from the government. + +I’ve made a nifty spreadsheet to calculate my Centrelink entitlements for the parenting payment once paid parental leave ends, but I can’t for the life of me figure out how we can anticipate FTB. I think it will probably be calculated using an average of our FY’s salary. + +I’ve googled FTB calculators, but I would really like to be able make a spreadsheet to calculate it myself. Does anyone have tips for anticipating your FTB? I can’t really find out how it’s actually calculated. +I live in Boise, ID - one of the fastest growing cities in the U.S. Consequently, housing prices are increasing rapidly. In addition, interest rates are also rising. The rise in both housing prices and interest rates is hard to ignore. Consequently, I’m starting to FOMO about buying a house. However, I’m not sure if buying a house is right for me. + +Background: + +* 36-years old. + +* Salary $100k ($75k after taxes and insurance). + +* $0 debt. + +* $300k in IRAs, 401k, HSA. + +* $40k taxable brokerage. + +* 12-month emergency fund in I-bonds. + +* $50k in high interest savings for downpayment. (Not counting this money as a part of my emergency fund.) + +* I can tolerate home maintenance and yard work, but it isn’t something I particularly enjoy. + +* I like the idea of (quasi) passive income generation through rentals. If I bought, I would prefer a duplex, or triplex. I’d live in one unit, and rent out the other(s). However, duplexes and triplexes are rare in my area. + +* Most single family houses that appeal to me are in the $250k-275k range (on Zillow). However, I would love to find something in the $175k-225k range. + +* I’m interested in retiring early (age 55 or younger). + +* Not married, but have a partner. No kids. + +Currently renting a house for $1100/month. Buying a $250k house would be about $1200/month with 20% down (including taxes and insurance). Decent apartments are $900 – 1000/month. +I don’t know where I’ll be in five years. Either in my current city in the U.S. Or, living in a house my partner inherited in Europe. (Partner is EU citizen and currently living in EU; I’m U.S. We’d be married if I moved to Europe. Selling or renting out the house in Europe is not an option.) If I bought a house in the U.S., and later moved to Europe, I would plan on renting out the house. This would likely be done through a property manager. + +Financially I can afford to buy a house. However, I’ve never had a strong desire to do so. I’ve heard that buying a house is generally a good idea if you are planning on retiring early. The reason being it can be hard to secure a mortgage if you’re not working. If I do retire early, my plan is to travel non-stop for a decade plus. So, I’m not tied down to anyone place and would be willing to live in low-cost areas. + +At the risk of oversimplifying things I’d say that I view houses as depreciating assets, but the property the house is on can be an appreciating asset. However, I am starting to feel a bit of FOMO in not buying a house. Interest rates are low, and houses in Boise are relatively inexpensive compared to many other mountain towns with great access to the outdoors. + +I’m interested in reading any perspective, or insight you are willing to share. + +Thank you. + + + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules. + +**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Flair Links + +[📚 Due Diligence](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Due+Diligence%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📚 Possible DD](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Possible+DD%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💡 Education](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%A1+Education%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) |[📈 Technical Analysis](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%88+Technical+Analysis%22&restrict_sr=on&include_over_18=on) | [🗣 Discussion / Question](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%97%A3+Discussion+%2F+Question%22&restrict_sr=on&include_over_18=on) | [🤔 Speculation / Opinion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%94+Speculation+%2F+Opinion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💻 Computershare](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%BB+Computershare%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📰 News](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B0+News%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🤡 Meme](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%A1+Meme%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [👽 Shitpost](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%91%BD+Shitpost%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📳 Social Media](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B3Social+Media%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [☁ Hype fluff](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%98%81+Hype%2F+Fluff%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [HODL 💎🙌](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22HODL+%F0%9F%92%8E%F0%9F%99%8C%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) + +You can also find the main flairs in the sidebar on New Reddit and under the "About" page on mobile. + +**Mod Flairs** + +[📣 Community Post](https://old.reddit.com/r/Superstonk/search/?q=flair%3A%22%F0%9F%93%A3+Community+Post%22&include_over_18=on&restrict_sr=on&t=all&sort=relevance) | [📆 Daily Discussion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%86+Daily+Discussion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🏆 AMA](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%8F%86+AMA%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🚨 Debunked](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%9A%A8+Debunked%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📖 Partial Debunk](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%96+Partial+Debunk%22&restrict_sr=on&include_over_18=on) | [🔔 Inconclusive](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%94%94+Inconclusive%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [⌚ Pending Review](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%8C%9A+Pending+Review%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🥴 Misleading Title](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A5%B4+Misleading+Title%22) + +**No CS/DRS Mode** + +[New Reddit Filter](https://www.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) | [Old Reddit/Mobile Filter](https://old.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) + +To filter out CS/DRS posts, click the links above or type `-flair_text:"💻 Computershare"` into the search bar. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules. + +**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Flair Links + +[📚 Due Diligence](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Due+Diligence%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📚 Possible DD](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Possible+DD%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💡 Education](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%A1+Education%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) |[📈 Technical Analysis](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%88+Technical+Analysis%22&restrict_sr=on&include_over_18=on) | [🗣 Discussion / Question](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%97%A3+Discussion+%2F+Question%22&restrict_sr=on&include_over_18=on) | [🤔 Speculation / Opinion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%94+Speculation+%2F+Opinion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💻 Computershare](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%BB+Computershare%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📰 News](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B0+News%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🤡 Meme](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%A1+Meme%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [👽 Shitpost](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%91%BD+Shitpost%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📳 Social Media](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B3Social+Media%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [☁ Hype fluff](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%98%81+Hype%2F+Fluff%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [HODL 💎🙌](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22HODL+%F0%9F%92%8E%F0%9F%99%8C%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) + +You can also find the main flairs in the sidebar on New Reddit and under the "About" page on mobile. + +**Mod Flairs** + +[📣 Community Post](https://old.reddit.com/r/Superstonk/search/?q=flair%3A%22%F0%9F%93%A3+Community+Post%22&include_over_18=on&restrict_sr=on&t=all&sort=relevance) | [📆 Daily Discussion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%86+Daily+Discussion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🏆 AMA](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%8F%86+AMA%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🚨 Debunked](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%9A%A8+Debunked%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📖 Partial Debunk](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%96+Partial+Debunk%22&restrict_sr=on&include_over_18=on) | [🔔 Inconclusive](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%94%94+Inconclusive%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [⌚ Pending Review](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%8C%9A+Pending+Review%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🥴 Misleading Title](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A5%B4+Misleading+Title%22) + +**No CS/DRS Mode** + +[New Reddit Filter](https://www.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) | [Old Reddit/Mobile Filter](https://old.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) + +To filter out CS/DRS posts, click the links above or type `-flair_text:"💻 Computershare"` into the search bar. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* + + +**Project Overview** + +* In the last few months, decentralized finance has seen an explosion in various new types of financial products on the blockchain. Elastic supply tokens, also known as rebasing or rebalancing tokens, are gaining traction and popularity in the crypto space. There are various supply elastic projects that have gained traction such as Ampleforth, Yam Finance and Base Protocol, amongst others. A recently launched supply elastic token that is unique and innovative is Benchmark Protocol. Benchmark Protocol is meant to withstand liquidation events during periods of high volatility by removing or adding tokens to total supply by conforming to capital markets, volatility driven trading activity. As such, the main utility behind Benchmark uses a two-pronged approach: hedge and collateral. +* The MARK token is the native asset in the Benchmark network and provides only the utility value available to it through the network. The supply of MARK token adjusts by tracking the movement of the CBOE volatility index (VIX), also known as the fear index. Generally, if there is more fear in capital markets, the VIX index will increase, making it more expensive to hedge your portfolio. The CBOE VIX futures contract is the most frequently traded, exchange-listed volatility futures contract in the world. The derivatives market, which is heavily relied upon by the VIX, is said to be valued at over $1 quadrillion dollars. VIX futures provide market participants with opportunities to trade their view of the future direction of the expected volatility of the S&P 500 Index. +* Supply elastic tokens are built to adjust for inflation; for instance, Ampleforth targets the price of 1 US Dollar by adjusting for US inflation. However, Benchmark Protocol’s target price, the SDR, is adjusted for global inflation through five major currencies via the SDR. This makes Benchmark Protocol a viable alternative for well rounded inflation adjustments which are more stable and global. +* Ampleforth has a set rebase time, allowing for arbitrage situations, which may be very unfavorable to certain types of traders. Benchmark Protocol rebalances supply within a 5-hour window after closure of the NYSE to reduce arbitrage activity. Furthermore, there will be no supply adjustments on weekends, coinciding with capital market activity. +* MARK utilizes the VIX to inform the rebase mechanism, creating a more predictive and accurate process. + +Rewards: + +1. Benchmark has rolled out a comprehensive LP rewards program: The Press. The Press features core MARK Pairs, starting with MARK-ETH and MARK-USDC on Uniswap. Current APY is between 200-300%. The list of supported pairs will be expanded over the lifetime of the program. The Press will run over a course of 3–7 years, depending on distribution velocity and programs. In order to facilitate this, the MARK per block on The Press will be routinely adjusted based on the supply changes of the MARK token. A unique feature of The Press is that unclaimed rewards (rewards that have accrued but not been claimed by a wallet or smart contract) are not subject to supply adjustments. This further promotes long term price stability around the peg. +2. Single-asset staking model was recently introduced, which is known as “The Standard.” The Standard token symbol is xMARK; these tokens are issued in exchange for staked MARK tokens. xMARK tokens represent a fractional ownership in the overall MARK staking pool. Current APY is \~ 10%. Users are able to swap back xMARK for their staked MARK at any point in time and xMARK tokens are not affected by rebases. However, the underlying MARK token representation will be affected by rebases and still represent a fixed percentage share of the network. The Standard (xMARK) token will also be used to help Benchmark Protocol forge a path to decentralized On-Chain Governance. The first step towards this is utilizing Snapshot.page for token weighted voting. Additionally, since xMARK itself is unaffected by rebasements, this allows Benchmark Protocol to expose MARK to conventional platforms that are not currently compatible with elastic-supply currencies. + +**All-Star Team** + +Non-anonymous team with leadership from traditional finance space, including firms such as Citibank and Duff & Phelps + +. + +Advisors from projects such as Solana, Ren, DataDash, Binance, Coinshares, Ocean Protocol, bZx and more. + +Innovative Partnerships with the likes of Ren, Solana, Polygon, Binance Smart Chain, Ocean Protocol, Pancakeswap, Quickswap, xDai, DODO, Wanchain and many more + +**Functionality** + +MARK is an elastic supply rebase token, like Ampleforth, but with a twist. + +The target peg is the SDR - a basket of 5 currencies, which hedges single currency risk. + +They use data from the Volatility Index (the VIX) to predict volatility with markets. If you suspect future market volatility coming after months of gains, this could be your best bet to hedge your portfolio. + +Advisor DataDash brief breakdown on the project’s model mechanics. [https://www.youtube.com/watch?v=vcQvzw69av0&t=533s](https://www.youtube.com/watch?v=vcQvzw69av0&t=533s) + +You can currently farm MARK tokens with Uniswap LP pools earning upwards of 300% APY and your xMark tokens on PancakeSwap (280% APY), QuickSwap (800% APY) + +You can stake xMARK in a single asset staking model. Rewards have recently been increased by 150% Very unique feature here because they issue a non-rebasing token in exchange for staking MARK. It isn’t affected by impermanent loss and compounds interest daily. + +Great for integrations with CEX and other projects. + +Currently building Lending Platform to be launched Q2 2021 featuring projects such as Golem and Ocean Protocol. + +**Growth Opportunity** + +MARK is like AMPL in that they both rebase. + +The valuation $20-25m market cap is tiny with everything the team is building versus Ampleforth which is a $250m market cap. That’s a quick 10x upside to reach AMPL. The addition of their Benchmark Marketplace will allow peer to peer lending with some of the bigger names in crypto. + +Partnering with Defi.org and their affiliation with Binance and Orbs will propel Benchmarks long term outlook. This will enable them to open doors to future CEX and DEX opportunities. There are rumors of new exchange listings coming soon, so this is worth keeping an eye on. The non anon team and community are very bullish on the future of this project. + +**Recent News:** + +* Defi.org - Powered by Binance and OrbsNetwork, has selected Benchmark Protocol to be accepted into it's NEW Accelerator program!!! + +[https://twitter.com/Benchmark\_DeFi/status/1371444405010370564?s=20](https://twitter.com/Benchmark_DeFi/status/1371444405010370564?s=20) + +* PancakeSwap Welcomes [u/Benchmark\_DeFi](https://www.reddit.com/u/Benchmark_DeFi/) to Syrup Pool! + +[https://pancakeswap.medium.com/pancakeswap-welcomes-benchmark-protocol-to-syrup-pool-7eceea02c640](https://pancakeswap.medium.com/pancakeswap-welcomes-benchmark-protocol-to-syrup-pool-7eceea02c640) + +* Benchmark Protocol Successfully Integrates with Solana Network + +[https://medium.com/benchmarkprotocol/benchmark-protocol-integrates-with-solana-network-c5d9eab5aa09](https://medium.com/benchmarkprotocol/benchmark-protocol-integrates-with-solana-network-c5d9eab5aa09) + +* Benchmark Protocols xMark now supported on Binance Smart Chain + +[https://medium.com/benchmarkprotocol/xmark-now-supported-on-binance-smart-chain-4f8fa9e7ecb0](https://medium.com/benchmarkprotocol/xmark-now-supported-on-binance-smart-chain-4f8fa9e7ecb0) + +* Ocean Protocol partners with Benchmark Protocol to list OCEAN on lending platform + +[https://medium.com/benchmarkprotocol/ocean-protocol-partners-with-benchmark-protocol-to-list-ocean-on-lending-platform-c59125025980](https://medium.com/benchmarkprotocol/ocean-protocol-partners-with-benchmark-protocol-to-list-ocean-on-lending-platform-c59125025980) + +* Benchmark Protocol whitelists Golem (GLM) in advance of the Benchmark Marketplace Launch + +[https://medium.com/benchmarkprotocol/benchmark-protocol-whitelists-golem-glm-in-advance-of-the-benchmark-marketplace-launch-8ec491405432](https://medium.com/benchmarkprotocol/benchmark-protocol-whitelists-golem-glm-in-advance-of-the-benchmark-marketplace-launch-8ec491405432) + +* Benchmark added to Dodo Dex! + +[https://twitter.com/Benchmark\_DeFi/status/1366376163103367169](https://twitter.com/Benchmark_DeFi/status/1366376163103367169) + +* Two NEW [u/BalancerLabs](https://www.reddit.com/u/BalancerLabs/) pools are now LIVE on their website at the press + +[https://twitter.com/Benchmark\_DeFi/status/1371849091609735168](https://twitter.com/Benchmark_DeFi/status/1371849091609735168) + +**Media:** + +* DataDash, [u/Nicholas\_Merten](https://www.reddit.com/u/Nicholas_Merten/) takes a great in-depth valuation based approach for researching altcoins to keep an eye on for the upcoming altcoin cycle. Benchmark is discussed at the timestamp in the link: [https://youtu.be/sAK2gE-e2c8?t=1134](https://youtu.be/sAK2gE-e2c8?t=1134) +* Token Metrics interview with COO Kurt: [https://youtu.be/28XpvXuw1HE](https://youtu.be/28XpvXuw1HE) +* Token Metrics: Is Benchmark Protocol (MARK) Undervalued? How High Can MARK Go?[https://youtu.be/gmksnHw0r98](https://youtu.be/gmksnHw0r98) + +**Learn more and follow Benchmark here:** + +**Twitter:** [**https://twitter.com/benchmark\_defi**](https://twitter.com/benchmark_defi) + +**Medium:** [**https://medium.com/benchmarkprotocol**](https://medium.com/benchmarkprotocol) + +**Reddit:** [**https://www.reddit.com/r/BenchmarkProtocol/**](https://www.reddit.com/r/BenchmarkProtocol/) + +**Telegram: @ benchmark\_protocol** + +**Discord:** [**https://discord.com/invite/HcxAEaHG3X**](https://discord.com/invite/HcxAEaHG3X) +On an irregular basis depending on relevancy of topics, I'll make a post on Monday to address a FAQ or common misconception that I see posted by new traders dozens of times a day. Everyone is also welcome to find these answers in our [FAQ wiki](https://www.reddit.com/r/options/wiki/index). + +Previous posts in this series: + +[Your break-even isn't as important as you think it is](https://www.reddit.com/r/options/comments/m0m7at/monday_school_your_breakeven_isnt_as_important_as/) + +[Exercise and expiration are not what you think they are](https://www.reddit.com/r/options/comments/m5r8mi/monday_school_exercise_and_expiration_are_not/) + +[Your orders are not as good as you think they are](https://www.reddit.com/r/options/comments/maufwg/monday_school_your_orders_are_not_as_good_as_you/) + + +**TL;DR** +====== + +* A trade plan for every trade is a critical part of being a successful trader + +* Have a trade plan **before** you put any money at risk in a trade + +* A trade plan is not complicated; it's just your goals and your risk tolerance + +* A trade plan helps you decide how to react to changes in your risk/reward ratio + +* A minimal trade plan includes an exit strategy + +* A minimal exit strategy is a profit target, a loss limit, and a maximum holding time + +* Part of every plan should include doing what-if scenarios for excess profit, expected profit, neutral, expected loss, and excess loss + +Links to resources about trade planning: + +**Trade planning, risk reduction and trade size** + +* [Exit-first trade planning, and a risk-reduction checklist (Redtexture)](https://www.reddit.com/r/options/comments/9at2fu/noob_thread_aug_26_sept_1/e4ywq0u/) + +* [Risk Management, or How to Not Lose Your House (boii0708) ( March 6 2021)](https://www.reddit.com/r/options/comments/lyp1uc/risk_management_or_how_to_not_lose_your_house/) + +* [Trade Checklists and Guides (Option Alpha)](https://optionalpha.com/members/guides-checklists) + +* [Planning for trades to fail. (John Carter) (at 90 seconds)](https://youtu.be/N5_OkdvPmUI?t=90) + +**Closing out a trade** + +* [Most options positions are closed before expiration (Options Playbook)](https://www.optionsplaybook.com/options-introduction/closing-option-position) + +* [When to Exit Guide (Option Alpha)](https://web.archive.org/web/20201111230944/https://optionalpha.com/wp-content/uploads/2015/01/When-To-Exit-Guide.pdf) + +* [Risk to reward ratios change: a reason for early exit (Redtexture)](https://www.reddit.com/r/options/comments/hg8ce9/risk_to_reward_ratio_changes_over_the_life_of_an/) + +* [Close positions before expiration: TSLA decline after market close (PapaCharlie9) (September 11, 2020)](https://www.reddit.com/r/options/comments/ipqkua/fridays_tsla_lesson_close_positions_before/) + + + +Fire, Ready, Aim +======= + +It's supposed to be Ready, Aim, Fire, but one of the most common FAQs on this sub is a new trader asking, "I just opened trade X and Y happened. What should I do now?" Which means this is one of the most common mistakes that new traders make: Not having a trade plan defined before opening a trade. They fired first and then thought about taking aim later, when it is already too late. + +This is unfortunate because a trading plan is not some complex or difficult thing to create, as compared to say a DD or a tax form. You can usually write it down with one or two sentences. All it amounts to is, for each trade or adjustment to a trade you plan to make, have: + +* A goal -- what are you trying to accomplish with this trade, beyond just print money? This can most easily be stated as what opportunity you are trying to exploit. + +* Boundaries on risk, aka risk tolerance + +* An exit strategy, which incorporates the other bullets + +That's it! I'll break down each of these parts of the plan in later sections, but first, why have a plan in the first place? + +Risk/reward ratios change over time +========= + +Every option trading opportunity comes with some amount of risk to obtain some amount of reward. The risk/reward ratio represents the fundamental nature of options trading, which is that it's all tradeoffs. Size of return vs. win rate is a tradeoff. Holding time vs. profit is a tradeoff. Upfront capital cost vs rate of return is a tradeoff. + +Information that may impact the profit or loss of your position is constantly changing. This means that your risk/reward ratio can change over time as well. When it changes, what should you do? How much does it have to change for you to take action? + +Those are the questions that a trade plan answers. A trade plan puts limits on the changes to risk/reward so that you can act on those limits. It can turn a mysterious process of decision making that is constantly influenced by your emotions into one that you can do mechanically, and doing trades mechanically has the advantage of removing emotion from the equation. So put another way, **a trade plan is an effective way of removing emotion from your trading decisions.** + +More about decision making around risk/reward here: [Risk to reward ratios change: a reason for early exit (redtexture)](https://www.reddit.com/r/options/comments/hg8ce9/risk_to_reward_ratio_changes_over_the_life_of_an/) + +Setting a goal +=============== + +We all have a goal of making money by trading options, that's a given. But does it end there? No. There are different ways to skin this profit making cat, so the goal statement in your trade plan should be about the *specific* opportunity you are going after. + +Perhaps some example goals would be helpful: + +* Based on my DD of stock XYZ, I believe it will appreciate by at least 20% in the next 3 months. Therefore, my goal is to make a bull trade on XYZ that will make at least 20% in that timeframe. + +* Theta decay forces extrinsic value to 0 at expiration always, therefore I want to exploit this highly predictable decline in premium value during a bull rally. + +* I expect the market to stay in a narrow trading range with a lot of volatility in that range. So I want to make a volatility play that doesn't care which direction the market goes, as long as it doesn't go up or down too much. + + +Not by accident, when a goal is written in this way, it aligns with one or more options trading strategies. A strategy is just a tool for exploiting a particular type of opportunity. For the examples above, the first bullet could use a long call or a call debit spread. The second bullet could use a CSP or a put credit spread. The third bullet could use a short straddle or an Iron Condor. + +Your risk tolerance +=========== + +What is risk? The [Investopedia](https://www.investopedia.com/terms/r/risk.asp) definition says, "... Risk includes the **possibility** of **losing some or all of an original investment**." Emphasis mine to point out that risk has two essential elements: probability and magnitude. Usually, people focus on the probability part of risk, the chance that you will lose some money, but the magnitude part is also important. Given two trades that have an equal 10% chance to lose all of the initial capital, the one that puts $1000 at risk is more risky than the one that puts $50 at risk. + +So your risk tolerance is about how much you are willing to lose, as well as how much of a chance you want to take to lose some or all of it. This is made concrete in your exit strategy. + + +What is an exit strategy? +=================== + +An exit strategy is a set of constraints on your goal. It defines how much risk you are willing to take for a given reward. + +An exit strategy needs at least three parts: + +1. A profit target + +1. A loss limit + +1. A maximum holding time in days (unless you are day trading) or an exit point in days to expiration (DTE) + +A profit target is usually stated as a rate of return. Example: You want to make 20% on your initial investment of $1000. + +A loss limit is also usually stated as a rate of return. Example: You don't want to lose more than 30% of your initial capital. + +Maximum holding time puts an upper bound on opportunity cost. The longer you tie up capital in an investment, the more opportunity cost you accrue. Opportunity cost recognizes that the market is constantly changing and an opportunity to make 30% that didn't exist yesterday is now available today. So if you tie up $1000 on a 20% opportunity, you essentially accrue a -10% opportunity cost because that same money could have been making 30% instead in another investment. + +More about opportunity cost in this [Investopedia article](https://www.investopedia.com/terms/o/opportunitycost.asp). + +The maximum holding time also recognizes that your trade may never hit either your profit target or your loss limit. It may stay in between. So since time is money, you also want to put a limit on how long you put your capital at risk waiting to hit one target or the other. + +Example exit strategy for a long OTM call: + +* Exit at 10% gain on initial debit. + +* Exit at 20% loss on initial debit. + +* Exit before 12 days to expiration (DTE) on a 30 DTE open. + +Example exit strategy for a put credit spread: + +* Exit at 50% of max profit. + +* Exit at 100% of initial credit lost. So if your credit on the PCS was $3, you would exit when it costs you $6 to buy to close. + +* Exit before 12 days to expiration (DTE) on a 45 DTE open. + +Where do these numbers come from? Many of them come from backtesting (see below), but absent any relevant backtesting, you basically decide them for yourself. The profit and loss targets should be chosen to have at least break-even [expected value](https://www.daytrading.com/expected-value), but diving into EV is beyond the scope of this post. Maximum holding time should be based on theta decay and expiration risk for long positions, gamma and expiration risk for short positions. + +Backtesting of long call on SPY: [Some info is paywalled, just look at the free parts](https://spintwig.com/spy-long-call-45-dte-options-backtest/). + +Backtesting exit guide from Options Alpha: [PDF download link](https://web.archive.org/web/20201111230944/https://optionalpha.com/wp-content/uploads/2015/01/When-To-Exit-Guide.pdf). + + +What else can go in a trade plan? +=================== + +Everything described so far are the minimal requirements for a trade plan, but you can add additional constraints and conditions if you want. For example: + +* If a big change in interest rates and/or a Fed press conference happens, you want to be out of the market + +* What to do if your option is adjusted due to a merger/spinoff + +* Look for new/better DD on the underlying and adjust accordingly + +* What to do if trading is halted or your broker starts putting trading limits on the underlying + +* It's November and wash sales are more of an issue to worry about + +Don't go overboard on trying to anticipate every possible black-swan event. Just include what you think is immediately relevant within the timeframe of this trade. Like don't bother having anything about a merger/spinoff if there is no reason to expect that to happen to the underlying. + + +Running what-if scenarios +======================== + +Now that you have an outline of a plan, before putting any money at risk, run some what-if scenarios to see how your plan holds up to different possible outcomes. I recommend you try at least 5 what-if scenarios: + +1. Excess profit (you make more than expected, or you make what you expected sooner than you expected) + +1. Expected profit (you hit your target in the expected amount of time) + +1. Neutral (you neither profit nor lose much money) + +1. Expected loss (you hit your loss limit) + +1. Excess loss (you lose more than you expected, or you lose before/after the time you expected to) + +The expected profit and expected loss cases are the easiest. Your plan says what those rates of return are, so if you hit them, take the appropriate action. If you hit your profit target, close or roll. If you hit your loss limit, close or roll. You can do this very mechanically. In fact, you can set up Good Til Canceled (GTC) orders at the time you open the trade to close against on or the other target, or against both if your broker supports conditional orders. + +Next most likely is the neutral outcome. Your profit goal is 20%, but what if your trade bounces between a 9% profit and a 12% profit? Should you hold or should you exit? Well, your max holding time answers that question. If you haven't hit your max holding time yet, continue to hold. Otherwise, close or roll. + +Excess profit often catches people by surprise. I see this mostly for people trading LEAPS calls. They set up a call that expires in January of 2022 and don't expect to make their target 50% until then, but a few weeks after opening the trade, they are at 80% profit. Now what? Get greedy and ignore the plan in the hope you'll make even more? That's a failure of discipline, not your plan. Your profit target was 50% *or better*, and 80% is clearly better than 50%, so close, close, close, and celebrate your early win. You can always open a new trade to capture any additional upside, but that new trade should be evaluated on its own merits with a whole new trade plan. + +Similarly for an excess loss, the temptation is to ignore the plan and continue to hold because it might recover. Running this what-if is really a test of your discipline as well as the plan. If your discipline is poor, stick to the plan. If your discipline is good, maybe the plan should be adjusted to account for this outcome. In any case, running this what-if will prepare you mentally for this possible outcome, so you are not flummoxed and unsure what to do. + + +Putting it all together +============= + +What you used to do: Pick some stock XYZ. Read something on WSB that says its going to moon. So you buy a call at some strike and some expiration, more or less randomly, and then hope for the best. + +What you should do now: Pick some stock XYZ. Before putting any money at risk, define your trade plan. The WSB rumors suggest a bullish 100% opportunity in a short period of time. Okay, so that's your goal, and you can use a long call to do that. You don't want to risk more than $500, so that is your risk tolerance. While WSB thinks the upside is 100%, you want to improve your win rate by choosing a lower reward, so you shoot for a 50% gain. That makes your current risk/reward $500 to win $250. Finally, WSB expects the upside to realize within a couple of weeks, but you want some time cushion if the forecast if off a bit, so you pick 30 DTE. You can set your max holding time to 10 DTE then. The ATM strike for 30 DTE is $1000, so you either have to go OTM to save money, or you have to set a loss limit at $500. You decide to do the latter and open ATM. + +Note that since you set a loss limit of $500, you *may* calculate your profit against the loss limit, not the full amount of capital at risk. So a 50% gain would be against $500 not the $1000 you had to spend. There is some debate about this. One school of thought says this is bullshit because you really have $1000 at risk. So a $250 exit on $1000 is an ROC of 25%, not 50%. On the other hand, if you will never lose $1000 through your discipline and/or through a stop-limit you set on the trade, using $1000 *understates* your $250 gain. Which camp you choose to join is up to you. For this post, I'll assume that return is based on your loss limit, not the total capital at risk. + +Now you run your what-ifs. + +XYZ triples in less than a week. Do you continue to hold for the sake of greed? No, your plan says to exit at 50%. Then you can set up a new trade on XYZ for additional upside. + +XYZ hits 100% profit in a couple of weeks as predicted. WSB says diamond hands, it will go up more, but your plan says to bail at 50%, so you should have already been out of the position by then. + +XYZ stays flat for two weeks. Your plan says continue to hold. + +XYZ goes on a slow decline to the point where you are a day or two away from your max holding time but showing a loss of $499. It's time to bail. + +What if XYZ tanks and you lose $500 in less than a week? Your plan says to bail out, even though there is the temptation to hold on and hope for a recovery. This is why this what-if is a test of your discipline as much as the plan. + + +Should your plan be updated over the course of a trade? +=================== + +Maybe. Ideally, you are accounting for new information and adjusting accordingly, and you are recalculating your [expected value](https://www.daytrading.com/expected-value) and continuing to hold only if it is positive. But beware of self-deception. One of the virtues of having a trade plan is that it makes decisions mechanical and removes emotions from the equation, but if you decide to *change the plan based on emotions*, you undermine that virtue. + +If you are sure that your impulse to change the plan is based solely on concrete facts that are new information, and not hopes, dreams, or gut instincts, and you are sure about the strength of your discipline, it would be wise to adjust the plan to account for these new facts. +Just at a glance several airline and cruise stocks are still basically half of what they were pre covid crash. Few random examples CCL/CUK (Both Carnival), AAL (american airlines), NCL (norway cruise line), UAL (United). + +Now I know when the pandemic hit sure investing in these companies was a risky proposition. Who knew how long it would be before these industries would be viable again? These stocks dropped like 80%, reasonably so. At the time vaccines seemed potentially 5 years away. How would these companies all survive? + + +However that is a far cry from the situation we are in today. We have the vaccine. Production is going strong and the rollout is happening. A year (or hopefully less) from now everyone will be vaccinated. + +Why would people not go back to using airlines at the same levels they were using them prior to the pandemic again? There is really no more unknown factors here. Things will return to normal for these industry in the somewhat near future. Is there some new alternative form of long range travel then no one told me about? These still being half off pre pandemic prices just makes no sense to me. + +These seem like no brainer winners to me. Hit me with your bear takes. +I found out I’m 9 weeks pregnant (unexpectedly) and I’m scrambling to get things in order. As a FIRE minded person, saying I’m calculated and careful with my finances is an understatement. Now I’ve got random medical bills flying at me but there doesn’t seem to be much of a choice—I just do what the office tells me (in the last two weeks alone, two ultrasounds, bloodwork, nurse consult, OB consult, rx for progesterone, and in one week—the NIPT genetic testing that insurance doesn’t cover). I have a PPO so I’m terrified of the bills I’ll get hit with. + +To complicate it I am in between jobs and will go 2 months with no insurance so I’m debating between my options. EDIT. My options are COBRA, or purchased PPO through covered CA. + +This is all just so overwhelming for a first time unexpected parent, and no prior health issues so the medical/insurance system is just as confusing. What is necessary? What isn’t? + +And for context, I am 38F and my partner and I make approx 180k combined in a HCOL area. We both make a modest nonprofit income but are mid/senior level in our careers. No debt. About $300k NW, 40% is in cash for house purchase costs. We rent a very modest 900 sq foot one bedroom apt and was planning on house shopping this year. Avg home prices in our ballpark in this city is $650k, so we both need to continue working. Just laid awake all night with anxiety about how we will pay childcare bills 🤦🏻‍♀️ + +I know most Americans do fine with our stats but us FIRE folks are not most Americans. One reason I’ve put off seriously trying for a baby is because I don’t feel like we’re financially stable enough. But fate stepped in. + +Little help from all you parents? Pls tell me there’s light at the end of this tunnel +Usually the first sign of a downturn is when default rates for various kinds of debt rise (credit card, auto loan, etc.). Here's an article from the NYpost talking about it. + +https://nypost.com/2018/08/11/more-americans-are-defaulting-on-their-credit-cards-analyst/ + +The St. Louis Fed data also backs this article up given that default rates have been rising since their 2015 low: + +https://fred.stlouisfed.org/series/DRCCLACBS +Is it worth it to get Masters degree at 50? +I currently work as research specialist with salary of mid 120k/yr. But on my current position and in our department, I don’t see a career path to management without getting a masters degree. I am on the highest pay grade for specialists. Current managers position starts at 125k-150s. I will probably work another 12yrs before I retire. I currently have bachelors degree. Is it worth the time, money and effort? I will probably spend 40-50k in 2-3 yrs to finish but I thought it’s worth it because our pension depends on the last five years average salary. +Don't sell off any of your stocks and like everyone is saying if you can afford to, buy the dips! The next green day (for you new guys like me supposedly that means on days we actually get to see profits or so the stories claim) you'll be glad you loaded up on more stocks. If you're scared and sell you'll be sorry you did and you'll but high again and the next red day you see you'll sell low again at will stay in a cycle losing money. + +Remember! + +"The stock market is a device for transferring money from the impatient to the patient"? -Buffet + +"Time in the market beats timing the market" + +"Scared money doesn't make money" + +"Buy low sell high" + +"You haven't lost anything if you don't sell" + +"HODL" + +Find a new hobby and stop looking at your portfolio's unless you need to sell to buy something else or because your need money. If you're not gonna buy or sell why even look at it? Go for a run, walk, build a model car, binge watch a new show, get a side hustle so you have more money to buy more stocks. + +Wish you all the best. +The majority of posts I ever see are just talking about etf, vanguard, 401k, and roth iras. This is the sort of stuff which is what I imagine 70 year old men would discuss. Did Warren Buffet, the most successful growth investor, make his wealth through dumping his money in spy??? Where are the stock picks, company analysis, and other quantitative posts? +http://www.reddit.com/r/Economics/comments/7195k/treasury_fed_call_emergency_meeting_and_beg_wall/ + +http://www.reddit.com/r/Economics/comments/70pox/lehman_too_big_to_fail_i_think_i_have_heard_this/ + +http://www.reddit.com/r/Economics/comments/71iyc/lehman_bankrupcy_613_billion_in_debts_mostly_owed/ + +http://www.reddit.com/r/Economics/comments/71c1h/wall_street_chiefs_willing_to_buy_lehman_as_long/ + +=== === === + +Never Forget! +Well, we all know that brokers are eager to lend out your shares without telling you, and they are keeping the profit.. + +Computershare has somewhere close to 85 million GameStop shares all delivered from various brokers, in the name of the shareholder. + +That means, with lending fees around 10% per year, - and a share price at 25$. + +That someone out there DIDNT EARN 85.000.000 x $25 x 10% = $212.500.000 - by lending my shares, without paying any profit to me. + +So by DRS’ing my shares, someone didn’t earn $212 million, and I avoided multiple short attacks, because they have no ammo.. + +Let that sink in.. someone is mad because they can’t profit from your shares.. hilarious 😂😂 +I was once an active poster on GME and then on superstonk, then I hit zen mode and stopped posting. + +Here I am posting again for the first time in maybe 6 months and all I have to say is.... + +Look at Ryan Cohen's tweets... + +BCG is important and we should ignore any distractions. + +Ryan and the GameStop board have everything under control in terms of the stocks value so we don't need to worry about that. + +I'm a simple crayon eating smooth brained ape but I just have an almerciful feeling that BCG is the most important thing for this sub to be focused on right now. + +Ryan is practically screaming at the apes to not get distracted by the price. + +Edit: Ryan wants us to find something that we have not found yet, he ignored the price plummeting but continues to mention BCG, all while knowing superstonk will dig into his tweets. +Im on 24k now. New job is 25k, MUCH better benefits. however new job is going to cost an extra £120/month to drive to. + +I am going to hand in my notice, i doubt my current employer will offer me more. + +That said- i would still like to ask the new company to up it to £26k, should i lie and say my current employer has offered me more- but i would be willing to move for the middle ground due to the better career implications at the new job? + + +If so, how should i phrase this? + +Please advise!! Thanks in advance for your help! + +Edit: current employer wants me to pay £1700 for a course they enrolled me in that hasnt finished. Want to finish for transferable skills. Told new employer this, asked for £1500 more to help pay for my course on the advice of a sibling. + +Update: got offered an additional £750- accepted. I understand this is not much- I asked for £26500. The job was posted at 20-25k. I feel like this is a small increase of course, but that's £750 more than i was originally offered. + +Double Update: There is a company based bonus scheme of an annual 5% dependant on company performance on top of basic - + +**Triple Update** - As no contract regarding my course has been signed- I don't know the legalities of the requirement of paying my current employer back for the course... Might seek free legal advice? +Sp500 Is currently down 10% from ATH, Nasdaq -15% + +I wanted to make a poll but i can't, anyway the opinions i keep reading are: + +1-Yes, Bubble burst and this Is Just the start of a big drop. + +2-No, we are in a bubble but people still have a buy the dip mentality and so we will make another leg up before the big drop. + +3-There Is no Bubble at all, tech stock are tust a bit overpriced but nothing like dot com Bubble because now they are actually profitable,and this Is Just a healthy correction before resuming the bull run + +Where do you stand? And why? + +I'm with #2, you can elaborate your own option of course +This is my fifth yearly update on my FIRE journey after reaching 100k 4 years ago.  You can read the previous posts below: + +1. [Four years ago: I hit 100k of invested assets](https://www.reddit.com/r/financialindependence/comments/261kp3/major_personal_milestone_achieved_this_week/) +2. [Three years ago: I posted my first update](https://www.reddit.com/r/financialindependence/comments/36jg7u/one_year_after_100k_update/) +3. [Two years ago: I posted another update](https://www.reddit.com/r/financialindependence/comments/4jt2d2/two_years_after_100k_update_2/) +4. [Last year: I posted another update](https://www.reddit.com/r/financialindependence/comments/6bjp0r/three_years_after_100k_update_3/) + +So here’s my update for this year.   + +34, Married, childfree + +[Mint Snapshot, Net Worth, and Net Worth w/o home value](https://imgur.com/a/UkZyxFp) + +[Snapshot Evolution](https://imgur.com/a/MZk4rtT) + +Well, I did it.  I retired from full\-time corporate work.  Sort\-of.  Ok, I got laid off.  I had been telling myself that my last position was going to be *my last position* for a while.  If I hung on for four years, great if not, I'd be glad to put the capstone on 8 years of corporate employment.  Through reading so much about SWRs and confidence levels I heard it phrased that a 5&#37; failure rate means that there's a 5&#37; chance that you'll have to work again and a 95&#37; chance that you already worked too much.  That struck me as an important insight and made me crave a riskier take\-off point. + +So in January of 2018 my employer gave me the choice of transferring to another dept. or taking severance and I took the severance.  I'll basically end up with an extra $30k all said and done.  In the meantime I'm putting some sweat equity into my home, managing our Airbnb business and working on a side\-gig that's targeting some revenue by EOY with a partner.  I've been able to work out a lot more and keep some of the house work off my SO's plate.   + +**\*\*Total Net Worth\*\*** = $600k.  Mint says $700k because my Zestimate \(TM\) has jumped up to $598k \(I bought just over a year ago for $472k\)  mostly because of a 2019 tax assessment which has already been appealed and lowered to $450k.  I could probably sell the house for $500k ATM, not that I'm planning to.   + +**\*\*FI Goal\*\*** = $1.1M w/o mortgage.  This is my lowest, most responsible estimate.  Neither of us would have to work at that point.  I would stop maintaining my resume or staying in the corporate applicant pool at when we get there.  As it stands I still keep the recruiter/resume machine spun up out of abundant caution. + +**\*\*Debts\*\*** =  377k mortgage @4.275&#37;, monthly expenses on credit cards paid in full each month. + +**\*\*Income\*\*** = SO's income \(\~65k/yr\) \+ Airbnb \(\~12k/yr\).  I'll either have grown this side\-gig into a reasonable prospect or be taking another corporate job by fall/winter. + +**\*\*Expenses\*\*** =  Subtracting home remodeling projects, airbnb furnishing and side\-gig capital contributions our expenses are about $5k/month $3k of which is mortgage/property taxes/insurance.  We've spent about $20k on those subtractions so $80k was spent in the last 12 months. + +At the reduced income we are at about 0\-5&#37; savings rate.   + +**\*\*Other Details\*\*** + +\*The last year has been an experiment in diversification of income.  Spinning up the Airbnb business was quite a bit of work, but you can also do it very lean.  Our biggest hang\-up was my partner wanting everything to be perfect \(more expensive and more delayed\) before switching it live and me wanting to just turn it on and find out what was important or missing from our guests.  All in all it's been pretty easy.  We had our first guest in Nov. and have made \~$7k so far.  Being extremely discriminating with guests has made all the difference, we haven't had any bad experiences yet and we are about 20 guests in.   + +\*A side benefit of the bigger house is that we've been able to create some of that community house feel.  It's easy for us to provide rooms for friends \(or friends of friends\) and my side\-gig partner works out of an office in my place too.  Every so often I feel like we are a bit inhibited out of consideration to our paying guests but we'll find a balance.  Offering a free room to friends now also has a very concrete opportunity cost associated to it, which is a nefarious dynamic we're having to grapple with.��  + +\*I changed my asset allocation this year due to the acquisition of a large mortgage thanks to an insightful comment from last years update.   + +\* Bonds\-\-\-\-\-\-\-\-\-\-\-\-\-\-\-\-\-\-27.00&#37; \(VBILX\) + +\* S&P 500\-\-\-\-\-\-\-\-\-\-\-\-\-\-\-\-13.00&#37; \(VFIAX\) + +\* Small Cap US\-\-\-\-\-\-\-\-\-\-13.00&#37; \(VSIAX\) + +\* Emerging Mrkt\-\-\-\-\-\-\-\-\-12.00&#37; \(VEMAX\) + +\* REIT\-\-\-\-\-\-\-\-\-\-\-\-\-\-\-\-\-\-\-\-12.00&#37; \(VGSLX\) + +\* Precious Metal\-\-\-\-\-\-\-\-\-10.00&#37; \(VGPMX\) + +\* International Large\-\-\-\-13.00&#37; \(VTIAX\) + +|Asset Type|Fund|Allocation| +|:-|:-|:-| +|Bond Index|VBILX|27&#37;| +|S&P 500 Index|VFIAX|13&#37;| +|Small Cap US Index|VSIAX|13&#37;| +|Emerging Mrkt Index|VEMAX|12&#37;| +|REIT Index|VGSLX|12&#37;| +|Precious Metal Index|VGPMX|10&#37;| +|International Large Index|VTIAX|12&#37;| + +I lowered by Bond Allocation and raised the others except Precious Metals.  I'm still pretty uncorrelated but these small changes did a remarkable job of bringing my historical performance closer to a typical 80/20 portfolio \(which I don't necessarily want\).  + +\*Last year I got really bummed out by all of the negative responses to this post.  I'll try to do a better job of stoically reflecting on any and everything you have for me without becoming defensive.   If you do feel the need to heavily criticize my choices or situation please don't hold back, but please do include *your* age, FI number and progress in the comment.  If you don't I will assume you are a delusional teenager living with your parents to make myself feel better. + +Please give me all your criticism and questions!  That’s why I keep posting these.  Thank you all for the inspiration!  If I forgot anything, please just ask and I'll add it to the OP. + +GLTA! +I had 35 Bitcoin spread across 18 wallets and the coins have been sitting idle for months. Sometime last night, all 35 coins were moved to two addresses: + +1cvvnsUpaAvatvfDKgixRYvSdGLDfA4CA +and +18rmY7jHdk4mrdMN46ERbFXm8YvM6ZDFo3 + +I'm still in shock basically as to how I let this happen, as I had thought that having my coins spread across 18 wallets with 18 different private keys was going to work. I'm confident that neither my PC or my offline backups were compromised. I'll update here if I can somehow figure out what happened, still very crushed that 95% of my bitcoin holdings are now gone and moved to an address that isn't in my control. + +Edit: I was an idiot and assumed that the "random" button on brainwallet.org was truly random, but it clearly is not. My coins were taken by someone who is clearly smarter than myself and this is completely my fault by creating Bitcoin addresses on a website that I assumed was safe. There's a $20k life lesson that I'll never forget, that's for sure. +Also, to elaborate, I did not use the passphrase functionality on brainwallet.org, I used the random button to create the addresses. + +Final Edit: My coins have been returned to me!!!! PSA to anyone planning on using the random function on brainwallet.org. DONT DO IT! It is not secure. I am one lucky dumbass! +I had 35 Bitcoin spread across 18 wallets and the coins have been sitting idle for months. Sometime last night, all 35 coins were moved to two addresses: + +1cvvnsUpaAvatvfDKgixRYvSdGLDfA4CA +and +18rmY7jHdk4mrdMN46ERbFXm8YvM6ZDFo3 + +I'm still in shock basically as to how I let this happen, as I had thought that having my coins spread across 18 wallets with 18 different private keys was going to work. I'm confident that neither my PC or my offline backups were compromised. I'll update here if I can somehow figure out what happened, still very crushed that 95% of my bitcoin holdings are now gone and moved to an address that isn't in my control. + +Edit: I was an idiot and assumed that the "random" button on brainwallet.org was truly random, but it clearly is not. My coins were taken by someone who is clearly smarter than myself and this is completely my fault by creating Bitcoin addresses on a website that I assumed was safe. There's a $20k life lesson that I'll never forget, that's for sure. +Also, to elaborate, I did not use the passphrase functionality on brainwallet.org, I used the random button to create the addresses. + +Final Edit: My coins have been returned to me!!!! PSA to anyone planning on using the random function on brainwallet.org. DONT DO IT! It is not secure. I am one lucky dumbass! +I know I know, he has been head of the SEC since February 2021, nearly 2 full years ago now. + +I know that you are disappointed that he didn’t shut down dark pools. + +I know that you feel nobody is fighting corner. + +But you know who else is disappointed by him and want his head? + +Exhibit 1: Virtu - market maker +Virtu CEO Doug Cifu is “alarmed” by the SEC’s effort to overhaul stock trading. + +[Source](https://www.bloomberg.com/news/articles/2022-11-03/virtu-ceo-criticizes-sec-efforts-to-overhaul-stock-trading-rules) + +In fact, Virtu is suing the SEC: https://www.reuters.com/business/virtu-sues-us-sec-securities-regulator-over-records-request-2022-11-29/ + +Exhibit 2: Citadel - market maker +Citadel’s head of execution Joseph Mecane just did an interview on Bloomberg TV where he said that he doesn’t want the SEC to “take apart” what they built over the years. + +[Source](https://youtu.be/jV14L5k1vzc) + + + + +I must be honest, I have not read the 1600 pages of legal jargon associated with the changes that the SEC wants to bring forward but I know one thing, the enemy of my enemies are my friends. + + +Je suis Gensler. +I have been a long time coinbase customer, buying 1-3 times per month, I got an e-mail today saying they are banning me from using their services because of a ToS violation. I e-mailed them back to ask what the violations was and they told me that they have evidence that I used some of the BTC I bought for cannabis/cannabis seeds. They gave me a specific BTC transaction and said it was for drugs and wouldn't listen to anything I had to say. + +This should be rather alarming, first of all, they are monitoring how you use and spend BTC which kind of defeats the entire purpose of BTC. Secondly, I never ever once even thought about buying drugs, let alone online, so that's pretty messed up. + +Proof: http://imgur.com/a/WMw1A +Hi everyone! + +I get to choose whether to take 1% - 10% to buy 15% discounted company shares. How would you think about which percentage to choose? + +It's my first year working, not much in savings. But I do like my paychecks atm. I appreciate all input + +Edit: I want to thank everyone for your help & perspective. It’s very much appreciated. I decided to max out my contributions +Seriously, why are we seeing so many fat accounts loss/gain porn from RH accounts. After all the shit RH pulled on us and all the tendies they took away from us to see so many retards still rewarding vlad, the once upon a time young boy from Bulgaria, and making sure this ahole gets to make his exit and become a billionaire is boiling my blood to temperatures much higher than my IQ. + +What is it going to take to have people realize that continuing to invest with RH is basically condoning everything that they did to us. It’s like giving vlad your sister and mother after he got done with your wife. Even in Bulgaria people know it isn’t the way. + +TL;DR Leave Robinhood. + +This is the way. +I was doing some tax documents this afternoon and started to reflect on my investing performance over the past few years. I'm 25 now, when I started my first job right of out university at 22 I had no idea what to do with the money I was earning. I ended up investing (gambling) on ASX penny stocks, and actually got really lucky... at first. + +My first "win" was AVZ, a lithium mining company based in the Congo. I put my first $10,000 from my job into it with no research other than believing the hype on HotCopper. I rode it all the way to $50,000! At 22 this made me feel like the king of the world, and I got addicted to that thrill of finding the next winner. If I could pull the same trick a few times in a row, I would be a millionaire within a year! + +Over the next two years, I would steadily erode that $40,000 total gain into a $15,000 total loss. I speculated on everything from a gold mining company in Brazil, to a cobalt explorer in Namibia, to exchange rate futures in the United States, to biotechs, and on and on... + +In February 2020, three years after the beginning of my investment journey, I reached a point where I accepted I had a problem. I wasn't an "investor", I was a gambler. I looked at people who put their life savings into slot machines at the casino with disdain, and then realised I was exactly like them. I sold everything I still had in the share market and did some research into the financial independence retire early (FIRE) movement. I accepted there was no shortcut to riches, I would have to earn and save just like everyone else. + +Now I'm here looking at this $15,000 loss and wondering, how badly did I screw up? Is this something that has happened to other people as well? I'd like to hear your experiences so I don't feel like such a moron :( + +Today, I have a portfolio of VEU, IVV, and A200. Funnily enough, I had my own personal financial crisis just before COVID-19 hit, enabling me to buy these three ETFs right after their prices collapsed. That softened the blow somewhat. + +**TLDR: I was a moron during my first three years of earning and "investing", and turned a $40,000 gain into a $15,000 loss by betting on penny stocks. How bad did I screw up? Has something similar happened to you?** +I have a secure government job. I landed in it by accident and it’s not what I want to do for my career. I’ve been considering going back into consulting. + +With everything going on in the world right now, I’m starting to feel like that might be a stupid idea. Should I chose security over career satisfaction? +I have been doing a lot of research lately on day trading and taxes but I still do not fully understand where I stand, but after researching I am incredibly worried. + +Here is my situation, I got into Robinhood very early this year, as brand new trader, started with 13k. With swing trades I built the account up enough to be able to day trade. + +I day traded for about 8 months, 8 hours a day. + +The thing is, i made a whole lot and lost a while lot, lost pretty much all my profit and then earned it back again, not due to my own skill. + +So I've probably had 190k in gains throughout the last eight months, but since many of my trades were not winning trades, my final profit was 38k. + +What I am scared to death of is that the IRS is going to want me to pay taxes on every trade I ever made money on, even though I lost on most of my trades... Even though we made 38k, our weekly work income is only $300 a month and we are very much lower class, so I have no idea how I could afford to pay taxes on every gain we ever made. + +I am now understanding there are certain tax statuses such as mark-to-market Trader and things I did not know about previously... + +Can anyone tell me if I am going to be required to pay taxes on only the prophet I ended up with at the end of the year, or if I have to pay taxes on every gain. + +I am terrified I am going to have to pay every penny of our profit and then much much more, because I read unless you are a mark to market trader, you can only file 1500 in losses... + +Very nervous. Thanks guys. + + +This is in response to the accusations that I've been seeing this morning. The intention of this post isn't to shill TRX, or speak to the quality of the product one way or the other. My intention is simply to clear up the accusation that Justin Sun has sold some of the 34 billion TRX tokens that he claimed to be locking away until 2020. + +But as you can see from his [Ethereum account](https://etherscan.io/address/0xa18ff761a52ce1cb71ab9a19bf4e4b707b388b83#tokentxns) the 34 billion tokens have not been touched for 18 days since he moved them there in the first place. This wasn't exactly hard to figure out as this was the exact same account he linked to [when he originally stated he had locked them away](https://twitter.com/justinsuntron/status/943082351956918272). + +As for the 6 billion tokens in question, I do not know what is going with them. But clearly they aren't part of the 34 billion that he has locked away. + +So please you guys, try to do a little more research before treating these accusations as though they are fact. Even [Charlie Lee deleted his tweet accusing Justin of selling his tokens.](https://twitter.com/SatoshiLite/status/949578759450931200) +Holy shit these things are just bleeding out. I know it’s so early as my exprys aren’t until November but these are just depressing to look at. + +Does anyone know why this stock has been doing so poorly +Hey guys, + +As many others, it shows on my portfolio that i have sold then bought the amount for the stock splividend. I have the same issue with SAXO BANK, and it can obvisously create TAX issues. + +[Great shaddyness DEGIRO !](https://preview.redd.it/ox7k34f1t4d91.png?width=1471&format=png&auto=webp&s=85237066fcaeaf604f7e640a5991241f0df2ea08) + +&#x200B; + +The manager on the line said it's the first stock call he receive on that matter, and they had an "issue" this morning on their platform showing this for everybody having gme stock. + +&#x200B; + +I asked if it's an error (just showing a false buy/sell) or if they really sold my investment ==> + +I'm still waiting online the chief of this guy to send you more info, i'll record the conversation starting now + +i'll edit soon. + +&#x200B; + +FIRST EDIT : and still waiting for more info from his part : Yeah it seems they made a mistake and really SOLD all my portfolio, he doesn't even have informations on the fact if it's gonna be a taxable EVENT or not. They are currently trying to correct the mistake, but i don't even know what they mean by that and he seems clearly lost too. + +&#x200B; + +SECOND EDIT : "we have a subcontractor to show the price of actions" ==> explanation for the error + +"No it won't have an impact as a TAXABLE EVENT" + +&#x200B; + +I'm still lost but he confirms that it won't be shown on the annual report as a taxable transaction, my guess his it will precise that it's due to a buy at the same amount + +i have all recorded and told them + +&#x200B; + +==> guess it's kinda good news but indeed i will DRS even more right now + +&#x200B; + +LAST EDIT (SAXO BANK manager) : same answer on the phone but seems more professional answer and more reassuring " + +no don't worry it won't be a taxable event, we can only show Buy and sell even during event like split, so it's not accounted as a real sell dont worry" +Thanks to those three companies refusing to adopt segwit, the network gets more and more congested, costing each and everyone of us insane fees! + +blockchain,info is said to be responsible for the vast majority of bitcoin transactions. Coinbase and BitPay should be a close second and third. + +All of them tried to force SegWit2x down our throats without ever caring what the community and the market really wanted. They said blocksize and transaction fees are the biggest concern bitcoin has right now. + +Apparently it was all just lies to gain more power. If it really was a concern for them, why are they refusing to implement segwit? Those 3 companies alone could probably free up 30-60% of blockspace and raise the blocksize above 1.5MB but it seems they want to hurt bitcoin as much as possible, just to pump other altcoins like Ethereum and BCash. + +Brian Armstrong, the CEO of coinbase [publicly stated](https://coinjournal.net/coinbase-ceo-owns-ether-bitcoin/) that he owns more ETH than BTC. Blockchain,info never supported any altcoins but made a 180° earlier this year by supporting Ethereum and BCash as of today. BitPay got [bought by Jihan and Bitmain](https://www.cryptocoinsnews.com/bitcoin-giants-bitpay-bitmain-ink-multi-million-dollar-blockchain-agreement/) who are pumping BCash. + + +It almost seems as if they are bitter about failing to force the SegWit2x hardfork and are now giving us a big "fuck you" as a revenge! + + +You're doing fantastic if your average is $151.52 or better. Basically pre-sneeze investors that never sold a share are probably holding above $151.52 right now. + +&#x200B; + +I never sold a share. My GME gained 100% and $200K profit, and I didn't sell a single damn share. + +My average is above $153, so new GME buyers are doing better than I am and I am so happy for all of you! + +&#x200B; + +Why January 13th 2021? That was the first day of the sneeze to $483. Price swing of $20.03 to $38.65 with 144 Million volume. This is when redditors began YOLO'ing their college funds and memes began of "we'll be in Ferraris or sleeping in the car." (True story, that guy bought $14K of GME below $25.) + +&#x200B; + +🚀🚀🚀🚀🚀 +Thanks to everyone who helped with our last topic: "What should people know about CHIP?" + +In continuation of our communal wiki build, today I would like to know: **"What povertyfinance recommendations do you have for clothes?** Where do you get them? How do you care for them? + +As a reminder, **I'm posting a topic on Tuesdays, Thursdays, and Saturdays and soliciting advice from the community**. I'll take your suggestions and build them into a wiki page for each topic. Once we've built up a foundation we'll go live with the wiki and I'll solicit feedback for additional topics/gaps to fill. + +Check back frequently-- even if you aren't experienced with the current topic there will be some that you can likely contribute to in the future. + +Thanks again for helping improving our community. +So many people just get stuck on the fact that bitcoin is intangible. But I say thats a good thing. Just like you cant hold what you cant see, you cant confiscate what you cant see either. + +I got on a flight with my seedphrase on me and there was absolutely no way anyone couldve known about my bitcoin. There isnt a single asset that couldve let me do this freely. + +Sure there are shitcoins and stablecoins. Other than them being centralized, they arent even built to be money. They are all promises or straightup monopoly money. + +My conviction about bitcoin is higher than ever and even if people dont like bitcoin now, they will surely need it as some point in their life. And it might be too late then. + +Ill continue to buy all the bitcoin that the paper hands sell to me. + +P.S : This is a throwaway account. Youll have to do a "trust me bro" on this story. Sorry. +The mods may just delete this one but here goes: + +I’m a school teacher and just pondering what all the possible motivations there are for learning about the market. Is it because you were good in math? Want to learn how the world works? Just want to make more money? +I have been wanting to up my position in GME recently and wanted to ask how many of you have amassed your GME stacks. + +Is it mostly from cash or have you sold other high performing securities to move more of your portfolio towards GME? + +I'm looking to sell around 100 shares of AAPL to grow my position here for the long haul. + +Now I dont know if I'm looking for confirmation or for someone to tell me this is stupid. Just wondering if you periodically buy with cash or liquidate others. +I'm seeing quite a lot of posts about these, how do these crypto scams work? + +I'm thinking there are a few possibilities: + +* It like "Initiative Q" where they are simply trying to get millions of emails and personal details to sell on. Especially because all the details they get are gullible people. +* They are trying to build enough critical mass as a multi-level marketing scheme and are actually hoping to get people buying and selling when they reach that point (what happens when they don't succeed? They just eat the ad revenue they made in the meantime?) +* They are using the phone CPU cycles do calculations to mine cryptocurrencies that are actually valuable, then after 1 year they can just conjure up a billion units of their bee coins at no cost to themselves + +My guess is a combination of mostly 2, with a little bit of 1. + +My fundamental problem is to ask: What's the point in this? What does it do? What problem does it solve? Does it do any of these things better than any existing cryptocurrency? + + +It's clearly not a scam where you can lose money *per se*, since it's not necessary to pay anything up front. +But in an age where clicks and seconds of people's attention is worth money and there are a dozen payment cryptocurrencies that are *already* working well, it's naïve at best. It seems like they are trying to target people who think "I have missed out on other cryptos" but somehow think, despite that, that bee is going somewhere. If crypto is going somewhere then bitcoin is still going places and if crypto isn't going anywhere then a garbage non-product is *definitely* going down the drain. + [https://www.cityam.com/ir35-reforms-to-be-delayed-for-a-year-due-to-coronavirus/](https://www.cityam.com/ir35-reforms-to-be-delayed-for-a-year-due-to-coronavirus/) +Just the title. I’m a newish investor, currently own one SFH that has stable renters. Have a good amount of cash on hand that I’ve been storing up to buy another SFH. I think 2008 was a bit of a black swan event, right? So if it was, what should people normally expect with inflation like we have currently/are gearing up to experience when it comes to the housing market? I know we don’t have a crystal ball. I’m just trying to find out if this current sellers market will turn into buyers market, if people will simply sit on inventory longer, etc. Any insights or general pontification is welcome. Thank you. +Also how much would you pay someone like that when all you are doing is managing the land, and keeping tenants happy/marketing. I personally pay around 30% for my property management on my apartment complex but a lot more work and control of systems are put in. +I currently rent and have never owned. I make very good money and have always wanted to put my money to work in real estate - single family homes and duplexes specifically. I have recently come across a single family home that I personally do not want to live in, but I think would be a fantastic investment property. I am considering a buy and hold strategy for this property, as I probably will for any investment in the foreseeable future. I would love to own my own home one day but feel now is not the time. However, I want to put my money to work and get started investing. What are some things I need to consider while currently renting? Is it extremely uncommon to rent/live in an apartment while owning a buy and hold property? I have also considered purchasing a duplex and living/renting one side, but for now, a single family home has caught my attention and I want to make sure if the numbers work, is there anything wrong with investing while currently living in an apt? +I'm looking at acquiring a 4 bedroom home as an investment. This is my first property and I would like to get out of my current living situation. I was wondering if it would be wiser to rent out the entire house to a single renter, or to rent out three individual rooms so that I can move out of where I am currently living. The house is brand new, built this June. Thanks guys! + +EDIT: Thanks for all of the responses guys! Really appreciate it! +All in the title. Seoul, South Korea has 25 Gu (neighborhoods). One of them, Gangnam, is world-famous above all others. Prices increased 80X in 40 years there; the greater Seoul average was 6X over the same time period. + +SO, making a huge assumption that Seoul and Saigon are in any way similar, which district or area of Saigon will see similarly outsized performance over the next 40 years? How can you predict these things? How can an outsider (foreigner) share a bit of the prosperity? + + +I know international real estate doesn’t apply to most redditors, even in this sub. But hoping lots of people will be interested nonetheless + + [https://koreajoongangdaily.joins.com/2012/11/04/features/Gangnam-has-Style-and-so-much-more/2961810.html](https://koreajoongangdaily.joins.com/2012/11/04/features/Gangnam-has-Style-and-so-much-more/2961810.html) +To boil it down my wife’s friend got into her head. They bought a foreclosed duplex in a low income, high crime area and it’s been an absolute train wreck for them. They got the duplex for about 40,000 and needed to put around 25,000 to get everything up to code, and they’re not even done with everything 2 years later. First tenant they had to get removed for refusal to pay. Now they’re on their second and things seem to be going ok. This has scared my wife and she’s refusing to even consider a duplex. I think it’s an important move for our financial future. + +We plan on buying our first house together next year at about this time and I’ve done countless hours of research on real estate investing. I’ve explained to her that her friend made 2 critical mistakes as a first time home buyer with no experience. 1. Foreclosed houses that need a lot of work and 2. Low income areas with a bad tenant pool. I’ve told her with absolute certainty we wouldn’t be doing what her friend did but she doesn’t care. I’d target a duplex near a large university in our area and target grad students...at least that’s the preferred scenario. And I would t want to live in it for more than 1.5-2 years. Both me and my wife have well paying jobs and neither of us have a lot of debt. + +She said we could consider buying a duplex down the line but I told her that investment properties typically require 20% down and that’s a lot of outgoing cash, or a 2nd loan, depending on what we bought. + +Has anybody been in this type of experience that I can share with her? Maybe some stories on positive experiences that have benefitted you long term? +Merger?? CEO? Partnership? i dont know but bro lives in Florida and is from mtl, not a LA native so its relevant.. We'll know why hes there in a couple of weeks anyway but.. + +**Some interesting gaming companies headquartered in LA** (from [here](https://www.builtinla.com/2016/10/24/video-game-studios-know)): + +1 **GreenPark Sports** + +*GreenPark is building engaging virtual fan experiences for sporting events and e-sports.* [*GreenPark Sports*](https://www.builtinla.com/company/greenpark-sports) *is building a competitive and entertaining virtual experience for live sports and the esports industry. The platform will feature competitions between loyal groups to determine who has the best fanbase in sports.* + +2 **Mythical Games** + +*Fortnite turned heads in 2018, earning more than $1 billion from in-game customer purchases.* [*Mythical Games*](https://www.builtinla.com/company/mythical-games) *is capitalizing on this emerging trend by* ***developing a line of games using blockchain technology that allows the formation of internal, “player-owned economies.”*** *The leader of the company, John Linden, was formerly a studio head at another major LA gaming studio, Activision. Other executives hail from Blizzard and Yahoo, and together the team has played a hand in everything from Call of Duty to Guitar Hero.*  + Hi hope this is the best place to post an Aus-specific personal finance question. My (34F) partner (36M) received a substantial 700Kish inheritance roughly 3 years ago after his father died suddenly. The money has been earning interest in either ING or UBank savings account, but haven't invested anything so far. He has used small amounts to purchase a car, and small amounts here and there - but mainly we treat it as if it were not there and live within our means based on our modest income. We recently had a baby, and I had a year off on maternity leave and returned to work part-time making around 41K before tax. My partner is on about 60K before tax - but this is working 55 hours a week and counting on overtime to earn this. We will probably have another kid and I'll remain part-time for the next few years. I have potential to be earning between $75-85K if I was to return full time. At the moment we have pretty modest incomes besides the inheritance and interest he receives monthly from that. + + We live in Adelaide so are looking at being lucky enough to afford to buy a decent house due to somewhat-affordable house prices here. We are currently renting (comfortably paying $395 rent per week) but are at the stage of life where we'd really like to buy a house. We are looking at houses between $550K - 750K. We intend to be living there for at least 5 years but not forever. + +My question is for anyone's opinion on whether we should opt to invest as much of the inheritance into the family home as possible - to reduce mortgage payments or potentially buy something in the lower end of our budget outright. This would make it easier to comfortably enjoy lower incomes for the next few years while we have pre-school aged children at home and then invest / save disposable income for other goals without pressure of rent / mortgage payments. The other option is to take on a modest mortgage (roughly between $150K - 300K) and have roughly the same amount sitting in an offset account, offsetting interest on the mortgage and at our disposal for investing in other assets. It would almost entirely offset the interest we'd be paying on the mortgage (reducing the interest portion to between $20K-40K). We have done the calculations and a mortgage of this amount is still affordable for us even if interest rates were to rise, and would likely still be less than our current rent. I am seeking out an independent financial planner in Adelaide - but there are surprisingly very few and we don't want to rely on advice from a mortgage broker only who has an incentive to get the biggest mortgage possible out of you. + +TLDR: buy cheap house outright or get mortgage and offset some of 600K inheritance? +Without going into too much detail, i've recently discovered that large parts of my job are about to be automated. Thankfully my industry is slow moving so i don't expect my job to be in danger until 2022. I've been with my current employer for over 12 years and i'm in my early 30's. No kids. I have no skills or qualifications. + +&#x200B; + +I'm trying to acquire a different position within my organization that isn't at risk but the jobs are highly sought after and the competition is fierce. Obviously the emergency fund is topped up too. I've been learning to code as a hobby for the last 6 months so i guess maybe i could take that a bit more seriously. I estimate i could carve out 10 hours a week to try and develop a skill. + +&#x200B; + +So given this 3 year runway, how would you prepare? +Just curious what kind of mortgage everyone has (offset/redraw/none) and what percentage you're paying with all the interest rate rises lately? + +I myself am on 3.8% offset currently, which seems to be on the lower end. +Does anyone know if there is a reason for the selloff thats going on right now? By reason i mean news or something like that. Nasdaq just lost nearly 500 points in 2h, tesla is down 200 dollars from the high of the day and so on. There is unusually high volume for this time of the day aswell so it looks like institutions are selling like crazy for some reason. +For most people making the first million milestone is tough. But when I read on these forums that people have multiple millions, can you share how you made it from 1MM to 2MM and beyond? What do you do for a living? Do you own a business? +My wife and I "retired" 2 years ago with a net worth of around $400k, liquid savings of about $100k, and IRA balances just over $100k. Our budget is about $4k per month. Our rental yields a net profit of $600/month. My wife works 2 hours/week teaching asynchronous online courses and brings in 1.5k/month, I do online tutoring and small contract work for about 4 hours/week bringing in 2-4k/month. Just wanted to start a discussion of light part time work as an alternative to the usual $1M+ stock portfolio requirement. It is possible to make ends meet working some very easy part time gigs so you can 90% retire 10-20 years earlier than usual. I would recommend saving up at least 2 years of expenses first so you have cushion in case it does not work out. Obviously this only works for certain professions/skillsets but it may be an option for many of you. + +UPDATE: The 2hrs/week for my wife and 4hrs/week for myself are current workload and represent the minimum we need to stay over budget. In reality its variable and we can and do sometimes work more to build savings toward true FIRE. +*Edit 1: Someone suggested I add that I'm fully in support of Book.* + +*There's a huge difference between "I'm planning to go on a trip" and "I've booked a trip for myself". Just saying.* + +*Edit 2: Just to make it clear, I am in no way pressuring anyone to convert their shares. You make your own choices. Found an excerpt of the ComputerShare AMA for further interpretation if you will:* + +&#x200B; + +>*Pink: ..And something else that you did clear up before but I want to reiterate here, is the difference between Book vs. Plan. There’s a lot of confusion online around this still… so, as you discussed in previous interviews, the Direct Stock purchase plan describes shares I buy thru Computershare that you keep in a separate sort of custodial type account. Which is different from ‘Book’ shares. Do I have that right?* +> +>*Paul:* ***Different from shares held in DRS form, that’s absolutely correct***\*. So shares that are held as DRS are recorded as “Common Shares” on the register of the company. So they are\* ***held in pure, legal form in the investor’s name***\*. Shares that are\* ***purchased through the \[Direct Stock Purchase\] plan are held in a subclass***\*. So they are reported to the issuer, just as if they were common shares, but the underlying shares are held in a nominee owned by Computershare. Those shares, however,\* ***can be moved between the plan and DRS anytime, electronically, free of charge***\*. The only reason we do this is purely for efficiency when we’re buying specific shares we need to deliver securities into the marketplace. So having them available in the nominee helps. So that’s the way it’s structured.\* +> +>*Pink: There’s confusion about “beneficial”- does that qualify as what they consider “beneficial” vs. “registered shares”. You’re saying that the Direct Stock Purchase Plan would be what’s considered a “beneficial” ownership situation..??* +> +>*Paul: You’re* ***recorded directly on the register of the issuer***\*. The\* ***issuer knows exactly who you are***\*, so you have that benefit. Technically the common shares are\* ***held by a Computershare entity***\*. We\* ***don’t hold 100% of the shares that way***\*, we just hold a number of shares so that we can perform effective clearing and settlement. But at any time investors can move their shares between the plan and pure DRS.\* + +*So here's your quick rundown on the difference. Shares in pure, legal form in your name, vs in your benefit held by another entity.* + +\----------- + +*65% DRS'ed with my balance in transfer. Only have Book shares as they're transferred from a broker.* + +&#x200B; + +Of late, there has been an ongoing debate on converting Plan shares to Book. It reminds me of when DRS was new to us. We were fighting the anti-DRS minions, and we now have over a quarter of the company registered under our names. The squeeze still hasn't squoze. + +Today, we fight the anti-Book minions, and their abilities include "It's the same, there's no difference" for 200 mana, and "I must keep them in Plan to own fractional shares" for 150 mana, and an ultimate ability "I'm too shy to call CS to change it" for 500 mana. + +So guys, if its the same and it **MIGHT** help the cause, why not switch to Book? Unless there's a million dollar fee I'm not aware of. If it ends up not being the case, what did we lose by converting our ~~already DRS'ed~~ (*Edit: Based on the ComputerShare AMA, DRS and DSPP are 2 different records. I stand by this edit*) shares from Plan to Book? We believe DRS is the silver bullet, the squeeze still hasn't squoze, but we are still DRS'ing. How bout we do the same for Plan>Book? + +We've already made the leap to DRS our shares, why won't we take another step? Are you not willing to try everything to be set for life? I'd like to see the 2.45am guy finally sleeping in until lunch time, an upwards trading chart for a change, and starfish guy finally being right. Have you guys lost hope? + +Think about the many people who have contributed to the community. The squeeze hasn't squoze. + +Now do your part. It's free. + +&#x200B; + +*Edit: Got a PM from a lurker (not posting username incase I break the rULeS)* + +*from <> sent 20 minutes ago* + +*Hi, I don't have enough karma to post, but I wanted to let the community know something. Maybe you're up for it.* + +*I was able to switch my plan shares to book by sending a message through the contact us portal, no need for a phone call, no after hours change and cancel, no concern of fractionals being sold in the future.* + +*I made sure I was logged in first, and had my account number (which can be found in full by downloading a pdf statement under documents - C00xxxxxxxx). Here is a collage of the steps:* [*https://imgur.io/a/la4AiEf*](https://imgur.io/a/la4AiEf) + +*Please feel free to post any or all of this info to any subs that you choose. Thanks!* +It is actually a semi serious question. They must be very profitable, if they go public they obviously can’t count in institutional investors but retail investors may be enough to make tons of money. + +The question can be generalized as - are there investment opportunities in the adult industry? +[Article](https://electrek.co/2020/05/15/tesla-factory-austin-texas/) + +They've also been approved to reopen and are doing so today, after announcing a million-mile battery. +This hearing isn't even over yet and it has become abundantly clear to me that we have a major problem. Most of our standing politicians do not have the slides idea of what is going on in the financial world or have become so blatantly corrupt it is just painful to listen to them speak. + +So I pose this question. Who is feeling motivated to get involved in politics when this is over? Who wants to actually become the change we need? +Evidence shows that the P.P.T. (U.S. Gov't's Plunge Protection Team)'s trading desk is working behind the scenes to attenuate the rate of decline of global markets. Even with this support, all markets are plummeting, and commodities markets \[and nickel, and wheat, etc\] are being prevented from free trading across droves of brokers and other exchanges. + +*When you were a kid, bartering and trading little cards and toys with other kids, what did you do \[or what would you have done\] if a desperate kid is coming after your nicest little cards and toys? Yes. You quickly retracted your little cards and toys, making a swift pull-back action as you hoard your toys - thereby protecting those assets from them being taken away. If everybody - if every kid - did this at the same time, this is what is called a liquidity crunch. No buyers. Only sellers but nobody to sell to - The End of the Market - where those still trying to sell set their own outlandish prices because there are no market transactions - there is no market data. Only retraction of the assets that you like. The few kids who were lucky enough to hold the nicest assets were the most envied.* ***They just liked the 'stocks'****.* + +Evidence also reveals that the Federal Reserve has acted \[albeit indirectly\] to soften the blow to Citadel Securities (and company) by way of the Federal Reserve Overnight Reverse Repossession Program, which Citadel Securities prominently listed on their annual report. Yet, the securities held as 'assets' rather than shorts held as 'liabilities' on their annual report have indeed undergone an interruption in the past handful of business days. Global equities are in a top3-historic downfall (first 44 trading days of 2022 is in-line with Great Depression levels of declines). Therefore, Citadel Securities is now clearly in the negative (right now as we speak) when you analyze their long holdings and further estimate what their short holdings are (40% meme-stocks). The good news right now is that the Federal Reserve Overnight Reverse Repossession Program is now in a consistent decline. Money is being actively pulled back, thereby placing further increased pressure on these funds on top of the already-dangerous market backdrop of declines. + +However, one thing that a lot of analysts are missing is that Citadel Securities holds both long positions (calls, shares) as well as short positions (puts, short-sales) on the same securities \[as well as those short positions not disclosed via: ETFs, Swaps, and those unreported \[naked\]. So, there is some crossover as Citadel has been trying to abuse the low-borrow-fee \[0.5% to 1.75%\] to take advantage of historic inflation \[8%\]. The longer this goes on, the more they are \[printing free money\] based on the long term inflation-caused arbitrage of their owed-back amount (similar to the benefit of sitting on a long term mortgage while the U.S. dollar dilutes in value). + +Essentially, Citadel Securities has attempted to pin meme-stocks, via outsized positions on both sides of the trade, in order to \[in their last ditch hope\] benefit from this inflation gain at the same time as writing out-of-the-money calls and puts on these meme-stocks while pinning the price \[still while egregiously managing order flows between their own off-market exchanges AKA dark pools where they do reroute buy volume, and the lit pools AKA 'the dump' pool AKA NYSE where they do reroute sell volume\] - all to allow relatively small gains to trickle in so that they can slowly shift their position \[in the meme-stocks\] from net short to net long over many years. It appears, however, that the historic market backdrop right now proves that their long-term hope is untenable: they cannot control the Fed pulling back, just as they cannot control raw company fundamentals, just as they cannot control new SEC and DTCC passages on disclosure of shorts and swaps, and just as they cannot control demand for the meme-stocks while the DOJ and FBI watch hedge funds' every move mid-crack-down on short-selling abuses. Nothing can stop the unstoppable. + +'Long story short' (no pun intended), as Citadel's cash balance becomes dwarfed by their liabilities (shorts) exceeding their assets (longs), and as the Fed pulls back their resources from their most-exploited "overnight" repo program, there is the highest likelihood right now of a historic unwinding of leverage across global equities markets. Standby for historic volatility, and pay attention to meme-stock winners. + +I cannot stress this enough: long-term confidence has gone up with these safe-havens (long term share ownership in the meme-stocks). Next to gold, these meme-stocks are, in my view, the only lifeboats in this volatile market. This is clearly not financial advice - *these meme-stocks are simply the nicest little cards and toys out there, and valuable enough to retract, or safely-pull-in-to-own, during this global liquidity crunch that is now coupled with the historic unwinding of global credit.* +My family has about 12 acres ranch in the heart of Montecito, CA which has gained in popularity the last few years with celebrities and princes moving into town. We had it listed for $62m but recieved no offers and have since taken it off market. We are in process of splitting the lot into 4 buildable lots of 3 acres each. A neighbor just south of us sold a 3 acre property with a large house on it for $40m plus about a year ago and our land has better views. Do you think it’s wiser to develop the 4 lots and sell them separately, develop one lot to make that one lot move in ready with the hopes to find one large buyer for it and the other 3 vacant lots, or just sit on it until we have a buyer buy it all and develop to their liking? + +We are leaning towards keeping it off market and increasing the price once the lot splits are finalized as this adds tremendous value. Any thoughts? +Hi, new poster here, but have been an on-and-off lurker. We are HNW and are homeowners living in a higher cost of living suburb (but not a super high cost coastal state). I was recently let go from my job and for the first time in my life I have no clear plan on the next step. + +I am late 30s, wife is mid 30's and we have a younger daughter, and neither of us are currently working. We will likely have another child in the next 2 years. + +The good news is we've amassed a big net worth thanks to my 15+ years of hard work and some luck. I might go back to a job, but more likely I want to take time off, and maybe down the line look to do something more entrepreneurial than may never generate any income. + +I realize we are in a very fortunate situation -- on paper I think we're in really good shape. However I don't have any peers in this kind of situation and its a bit unsettling to go from working and earning income to accepting that I may never have a regular income again. + +I wanted to confirm based on our assets / liabilities and expenses below that we can sustain our current lifestyle with neither of us working, keeping in mind that we will probably have another child and we hopefully still have 40+ years of life ahead. Thanks in advance! + +\[Edit: Thanks for all of the helpful responses! I've removed details below to reduce personal info\] + +Total net assets: \~$13M, \~$11M ex home equity and retirement accounts. + +Total annual expenses are about $300k rounded up +I'm curious to see everyone's insight into their own field/sector and how replicable it is for fatFIRE. + +&#x200B; + +I'm talking about, if you had a child about to enter high school, what would be your recommended career for them to achieve fatFIRE in the least 'riskiest' (low probability of lay off/termination), highest 'return (income)', and guaranteed (high probability) fashion? + +Kind of like what pathway gives you the best "Sharpe ratio" career for fatFIRE. + +&#x200B; + +In my mind, that means recommending things like "join a start up" or "start your own business" might not apply here, as I assume that would be taking on a lot of risk and huge uncertainty. Of course, if you think that's wrong I'm interested to hear why. + +&#x200B; + +N=1 but I believe one of the physician pathways produces the best low risk/high income job (in America at least) + +For me, I entered a combined 2 year college, 4 year medical school program straight out of high school. I earned my MD at age 24, and then completed a 3 year emergency medicine residency at age 27. (Most people do 4 year college, then apply to 4 year medical school though). + +Since finishing residency, I have been working within a hospital system earning 275/hr (roughly 18 shifts a month at 9 hours each shift) and make 550K/year. Excluding that base hourly rate I also get employer 401K contributions, benefits, bonus etc. + +I feel I have good job security and do not ever fear recessions, and also high income security (barring major political changes of course) + +I think what I did is very replicable for anyone with similar work ethic at a young age. It feels low risk in the sense that once you get accepted to the program, the high income/high job stability is nearly guaranteed (you don't even have to do ER necessarily, many residency specialties are also 3 or 4 years long and can produce as high income). + +I don't know much about the finance/business/law world but seems like you can't just waltz into a 500K job after completing any run of the mill MBA, or after any mid-tier law school, yet for medical school you certainly can (i.e you don't have to be a Harvard Medical school grad, as long as you get in somewhere and finish) + +&#x200B; + +So what about for your own experience? I know very little about "Tech" careers but seems that's extremely popular on here, ditto for Finance, Law, Consulting, etc. + +So how does your 'Sharpe ratio' stack up for getting to where you are today? +Hi everyone, throwaway account here. I'd love to hear from anyone that has experience with managing large family wealth into the second generation of older children and their families. + +I am in my 40s with a young family and have a siblings in similar positions. Our father made a lot of money, retired 10 years ago, and is now worth a few hundred million dollars. His expressed wish for us was to enjoy our lives and work for pleasure not money, since his money will be ours, and that he doesn't want us to wait until he dies to enjoy life. Each of us took our own course (I started and sold a few companies, siblings don't work), and for the last few years as our lifestyles became more expensive he has been giving each of us money on a semi-regular basis. + +We have some mechanisms that are working, for better or worse, in making decisions on how to invest as a family. But for withdrawing money from the fund, it essentially comes down to asking for it from our father. There's a lot of emotional baggage for everyone attached doing that, mostly guilt. I'm wondering what structures people have in place in a similar situation? + +TL;DR: Family fund, will be passed along as inheritance one day, how can grown children start enjoying some of the money today before the parents die. +[https://www.nytimes.com/2019/03/02/style/financial-independence-30s.html](https://www.nytimes.com/2019/03/02/style/financial-independence-30s.html) + +This is a really interesting article and highlights a growing trend that I have been seeing. + +Having hit my 30s recently, this very relatable. Both my brothers have received assistance from our parents--from a down payment on a home to child care. And both my brothers are successful by our standards. Even my close friends had to ask for help to help co-sign on their first home purchase. This is starting to be a new normal for my peers. + +On this forum, we all share the desire to FI and eventually RE. Not all of us are born into the same situation. I am an immigrant--first generation, from parents who gave up everything to start over in America. I am also fortunate enough to be debt free and have a very high savings rate after working all these years. But working overseas and knowing that one day I will have to settle back in the States, I have my worries and concerns. If anything, I am even more focused on my goals now. It scary to think that many more are just struggling to get by. I don't ever want that for myself or my family. What's why I need to make that Fuck You money! + +This is why I am pursuing FI and hopefully RE along the way. +[https://np.reddit.com/r/TrueReddit/comments/54yh7h/millennials_have_very_little_confidence_in_most/d86n0e2](https://np.reddit.com/r/TrueReddit/comments/54yh7h/millennials_have_very_little_confidence_in_most/d86n0e2) + +Poster replies to a question asking him why he states that 401(K) is unsustainable. + +Any thoughts on this? +Obviously the final level is being able to retire comfortably should you choose to do so. But I think the other major milestone is the one where you would be able to survive off your dividends forever no matter what happens, even if you stop working. + +What do you think that number would be? 500K? A million? + +I think interestingly, "bare minimum" is still subjective. It would depend on your willingness to move to a low cost area for example. + +Edit: Lots of great answers. For those curious, my idea of "basic survival" is along the lines of literally "not going to die / be out on the street", but almost zero luxuries. Though not a fun way to live, still comforting for one less worry. +Maybe this is common knowledge, but I saw a single article on this in the FI community and wanted to get more insight from you all + +https://www.gocurrycracker.com/never-pay-taxes-again/ + +The basic assertion of this article is that a married couple can realize up to 78k in capital gains a year (and another ~24k due to standard deduction) completely tax free. + +Consequently, a standard taxable investment account (in which you aren't constantly rebalancing and therefore realizing gains) is the functional equivalent of a ROTH as long as you dont plan on having an income greater than ~102k per year (coming from ~24k in regular income, and ~78k in realized capital gains), with the added flexibility/bonus that a taxable account can be tapped before you're of "official" retirement age. + +Am I missing anything here? +Hello,I feel buyers remorse over everything I buy or someone gifts to me. I have stuff that I really really want, but I know im going to feel bad about it. Money is not the problem to me i've always had enough to treat myself with anything. + +I do not mind spending money on other people, I even feel good doing it. I can gift people stuff all the time, I feel bad getting gifted even the slighest of things. I don't know whats wrong with me but I know that it actually affects me and other people around me. Every time i buy something that is over 50USD I think about it all day and night thinking if I made the right choice. + +I've noticed a pattern with this, the more I research about something the more I regret it after. + +My question is- Is there anyway I can actually start enjoying the things I buy? + + + +Edit: I forgot a thing in the thread that thing is that I started buying the cheaper variant of the thing i'm looking at which most of the time is bad quality and ends up not doing the purpose I needed it to do ( or it ends up breaking) and then i have to buy the more expensive variant anyway That makes me regret it even more because i know i spend even more money on 2 separate things I have no idea how to combat this thats just the way i am. If someone experiences the same thing please comment below! +Instead other less developed countries started true adoption. + +Just this week three countries started moving towards a massive adoption + +>-Panama is working on a proposal to embrace Bitcoin and other cryptos in the country. + +>-The announcement came after El Salvador’s move to make Bitcoin a legal tender. + +>-Paraguay too is following El Salvador’s lead. + +>- Cardano, Algo and others doing massive work in Africa for the good of their residents + +Meanwhile we have Trump saying how Bitcoin is bad and FUD from biggest news channels in US and EU alike. + +I honestly thought its going to be either USA or Japan that will lead the way of crypto adoption bit boy was I wrong. I am so very happy for this constant influx of the crypto adoption. + +I cant wait to see what future brings us. + + + +More about this is here :) +https://coinquora.com/after-el-salvador-paraguay-hints-at-making-bitcoin-a-legal-tender/ +Due to automod knee capping comments over 1500 characters, I thought I'd just make a post of this for awareness. This post is simply an aggregation of all the interesting DDs and articles I've found throughout the week. + +OK here me out. I think this week presents the last great buying opportunity for a while. Here's why: + + +* Speculation that DFV tweets show Cohen may have bought the GME shares himself by selling his [Apple holdings](https://www.reddit.com/r/Superstonk/comments/o1ly3d/new_dfv_tweet_speculation/?utm_medium=android_app&utm_source=share) + + +* If the share sale has been completed, then once that is announced share prices have been known to spike (2 Billion in the bank sound good anyone?) The price dipping by 30% and remaining flat is a simplistic explanation of why this may have already happened but we should also consider the dip after an earnings call. Still 30% far exceeds usual earning call dips. Sure some TA apes can weigh in as to why they think this has happened as well. + + + +* Today is a pretty huge ETF FTD covering day falling inside the SLD period, [but not within the last 2 days of that period](https://www.reddit.com/r/Superstonk/comments/o155a6/t35_is_the_one_true_cycle_evidence_to_back_my/?utm_medium=android_app&utm_source=share) + + + +* Russell 1000 entry starting [week commencing June 21st](https://www.bloomberg.com/news/articles/2021-06-14/gamestop-gme-amc-other-meme-stocks-may-be-included-in-russell-1000) + + + +* June 24th is the start of the next T+21 cycle. Now this may actually contradict the T+35 cycle above [but if either holds true the price action could rocket.](https://www.reddit.com/r/Superstonk/comments/nwgzw7/danger_zone_part_2_shorts_are_terrified_of_a_310/?utm_medium=android_app&utm_source=share) + + +* MSM starting to take notice of the manipulative practices by MM and HF, the narrative is changing, [like so....](https://www.reddit.com/r/Superstonk/comments/o1inbj/nyse_president_admits_to_off_exchange_price/?utm_medium=android_app&utm_source=share) + + +* Matt Furlong becoming new CEO on June 21st + + +* [NSCC-002 going live](https://www.reddit.com/r/Superstonk/comments/o05dwx/801_and_nscc002_june_21_repost_from/?utm_medium=android_app&utm_source=share) on the 21st June, which allows the NSCC to calculate and collect, +when applicable, supplemental liquidity deposits to NSCC’s Clearing Fund on a daily basis rather than only in advance of the monthly +expiration of stock options + + +* [MorningStar](https://www.reddit.com/r/GME/comments/nxb7rz/gamestop_morningstar_fair_value_at_317_despite/?utm_medium=android_app&utm_source=share) increasing their valuation of GME to 317 (Off by about 25 million but still reflective of a trend here) + +Now I'm no TA expert but even this reject can look at the chart over the last 6 months and see that the low price points are on an upward trend. Meaning if the price does move up significantly, the next time it does dip, we will most likely not be at the price level we are seeing right now, but higher. And that's looking at charts utilising retard vision and a sloppy grasp of pattern recognition. So again, great buying opportunity. + +Some of this is speculation so tread with caution. The points above along with how we've found extended dips and flat trading is usually followed by a large upswing is making me finally feel a tingle down in my balls. I've had to resort to beating my meat with palm leaves to feel any joy recently, but now I'm getting some sensation back timing nicely with the above, I think this present state of play is alluring. Anyway I'm going to grab this opportunity with both hands (the buying opportunity you sick fucks) and increase my position. Good luck out there and if anyone wants to add to this list reply below and we'll get some further hopium injected straight into our relevant organs. Oh and thanks to the DD creators out there, the doctors never said it would happen again but you've finally help end my erectile dysfunction with your juicy words, squiggles and data. +EDIT1: to some people saying "I'm a shill and this is FUD" - just try and get a wrinkle and think first. Smaller hedge funds covering will actually trigger the MOASS. They're fucked anyway, so it's in their (and our!) interest to start covering. As /u/seppukkake eloquently put it: + +>think of it more as a hedge fund human centipede, you'd really rather really be in front. + +&#x200B; + +\*\*\*Disclaimer: not a financial advisor, just an ape contemplating life, my future lambo and my wife's boyfriend while having a shower: + +If you're a small hedge fund that is (heavily) short on GME, circumstances to cut your losses and get out now are probably the best they'll ever be: + +* Price is as low as it's been since March 4-5th, courtesy of your fellow big brother HFs. Covering is thus relatively cheap. In the case of an announcement that GME will start paying its hodlers dividends, everyone will scramble to cover to prevent having to pay those dividends. **If you're short on a stock - the shorter (you) will have to pay the dividend.** With the large blocks of stocks the big bro HFs have, you won't be able to get rid as cheaply as you would now. This gets even bigger if they ever announce a GME crypto and decide to pay dividends in the form of that coin. **HFs cannot get their hands that crypto since it's being given out by Gamestop, they cannot pay dividends if they're short and thus they will scramble to cover**. Be smart and cover before your big bro takes back the Playstation 2 controller +* Announcement of a large chunk of debt being paid off by **cash on hand** nullifies one of the biggest reasons why everyone was so bearish on GME in the first place. Also, keep in mind that there's no reason to pay off debt now that's due in 2 years if you didn't want to give a signal to shareholders that it's going the right way. Seems highly likely to me that they both encourage stock holders and hopefully also reward them by paying out dividends soon. +* Announcement of RC going to head up the board and looking for an outside CEO should probably scare you. It's been speculated that RC is/was backed by Blackrock, so do you really want to face off vs. RC and **the biggest asset management company in the world (8.67 trillion in Jan 2021)???** More and more evidence is emerging that Blackrock is long on GME, that should probably tell you enough already. This is not even mentioning a possible **share recall** **from long whales** while all retail investors are also trying to recall their shares in time for the annual shareholder's meeting. +* Reddit smooth brains are **seeing the shady shit you're pulling with dark pools**. If crayon-munching primates can understand that's illegal and shady as fuck, you should be able to grasp that this is a situation you need to get out of ASAP before governing bodies like the SEC with our friend Gary Gensler as chairman are **going to bring down the hammer that's called Dodd-Frank Act 2.0**. +* This week and next week are full of potential catalysts. Without mentioning a date, I think we're about to see a huge uptick at least. **If you're short, cover it before that uptick. It's basic maths and I know you've been doing maths at school while we were eating crayons.** +* /u/DeepFuckingValue has some call options that expire soon, remember? [His poll on twitter](https://twitter.com/TheRoaringKitty/status/1381366520702468098) is due to close at the end of today, meaning he will probably exercise them today or tomorrow. Even if I think the result of the poll won't by any means influence his decision, if you're as bullish as he is you will exercise them to turn 10x profit into >10,000x profit. Seriously though, **you know he's going to put out another YOLO update either Thursday or Friday which is going to be the spark that ignites all the fuel retail has been buying and hodling.** + +I probably missed a lot of points but at this point my fingers were as wrinkled as /u/DFV's brain and my wife's boyfriend was calling me because he wanted to take a shower too + +**TLDR; hedgies fuk. Roket fueled. Catlysts everiwher. @ small hedgies: be smort and cover your shorts before big bro Kenny G is forced to and you are left with the bag** + +Thanks for coming to my TED talk +from a newbies perspective it looks like a the stock market either rises or tanks as a whole based on interest rates so does it even matter if I have a diverse range of stocks when they all seem to respond in unison to interest rate movements? +I head Martin North on ABC radio, and he mentioned it takes 1-2 months for rate hikes to take effect on actual repayments. How many of these hikes have you experienced in practice? + +Bonus question: what % of your monthly income does it take to cover it? +Check out the LinkedIn of GameStop's new Principal Engineer - founder (and sole proprietor) of **Hodl**berg Financial since February of this year. + + +https://www.linkedin.com/in/jordanholberg/ + + +https://hodlberg.com/ + + + +> Hodlberg ]-[ Financial lets one "attest" their cryptocurrency holdings across multiple blockchains and mint a Non-Fungible Token (NFT) on [removed name of crypto exchange per automod]. The minted Hodlberg NFT aggregates all attested wallet balances, including other held NFTs, into one convenient token, without compromising privacy. The balance and token data aggregated into your Hodlberg NFT is always up-to-date. + + +What this IS: + +* Confirmation Bias: HODL! + +* Evidence that Gamestop is going all-in on NFT as this is their Principal Engineer with deep NFT experience. + +What this IS NOT: + +* Evidence of a crypto currency dividend (NFT is not the same as crypto currency). + +Very excited to see what Jordan & the NFT team come out with in the coming weeks! + +Bullish!! +Yo retards something big just hit the scanners. Someone just bought 79,000 contracts of GE calls expiring this week. Did one of you retards confuse GME with GE? There's an M in the middle you retards. + +Anyways, GE ER is tomorrow. It's either super smart money going long who's gonna print millions from this trade or one of you retards just randomly fatfingered GE thinking it was GME. + +Yo retards dont go all in I just catch trades on the scanners maybe this trade is just some retarded trade from an underperforming hedgefund + +Edit: didnt realize that this post was gonna go this heavy. I just scan the markets for weird trades. I’ll keep posting but like dont go all in guys please diversify your trades and do proper risk management + +Congrats to all call holders those went to 0.78 at open +i.e Blackrock, Vanguard, Goldman Sachs, Lazard, PIMCO, State Street, Blackstone, Bain Capital, Citadel... What companies would you choose to invest your money in and how much of the $250 million portion would you give to each company? +Third year Canadian university student about to go through summer recruiting in a few weeks. + +I'd like to try to pick up a working knowledge of VBA for Excel over the Christmas break before S&T interviews, as it seems to be a pretty good asset to have. I'm not worried about learning the code, as my previous work before coming back to school was as a web developer, so I've picked up languages before. + +Obviously Google gives quite a few results, but I'm curious if any of you have any good recommendations for a site that you've used in the past. Thanks in advance! +Here is the article. + +http://www.marketwatch.com/story/squeeze-on-goldman-put-falcone-in-penalty-box-2013-08-21?link=sfmw + + +-Goldman was shorting Maxx. They were borrowing (stocks?) from a lender (Who lends them stock? The company Maxx?) and selling them hoping the price would drop so they could buy them later and give them back to the lender and keep the difference. + +-Why were they shorting? +- If Goldman is selling high volume, doesn't that have an effect on the price? So why would someone lend to them in the first place? + +- Falcone had vested interest in Maxx and decided to buy up all the stocks hoping the price would rise. (Or knowing it would because he bought them all?) + +-How can he buy more stock than has been issued? Who decides to issue more stock? Does issuing more stock dilute the pool and decrease the price? + + +-Goldman has to buy it back (at a set time?) and since Falcone owns it all, they have to pay his asking price? + +-Why can't they get the company to issue more and buy those? + +-Why does Falcone have to sell at a certain price, or at all? + +-By shorting that high of volume, isn't that a risk they take? +A few weeks ago, I created [this thread](http://www.reddit.com/r/finance/comments/32meoq/would_you_pay_to_increase_your_odds_of_landing_a/) where I solicited 10 people for their advice on the e-Book I wrote geared towards how to become a Corporate Financial Analyst. I received lots of great feedback, polished up the e-Book, and now I'm giving it away for free. + +You're probably thinking, what's the catch? My main goal is to genuinely help people and share the information I've accumulated over the years. Also, a lot of the information I wrote about is readily available on the internet and I figured it's best to give my information away for free and charge for other value-added services such as ([resume editing](http://becomeafinancialanalyst.com/products/resume-editing-pdf) and [phone support/coaching](http://becomeafinancialanalyst.com/products/plan-3)). + +Pull up a chair and dive into [my e-book](http://becomeafinancialanalyst.com/). + +**Edit: If you read the e-Book and were hoping to read about a topic that I didn't include, drop me a line and I'll try my best to incorporate it into the e-Book.** +Has anyone ever used this FIRE calculator [https://calculator.ficalc.app/](https://calculator.ficalc.app/) ? In the past I have used cFIREsim but this one seems to explain the different withdrawal strategies better. + +Just working up the courage to pull chocks. +How long did it take everyone to see real growth? +I’m doing this as a newbie with triplets as a means to improve our overall income long term. I have triplets and now working as a single income and with only 2500, starting. Tips, advice? I’m hoping to see 10% returns or greater as I learn more in this crazy time for beginning +Hi, + +I'd like to have several ideas on how best to utilise the premiums earned either weekly/monthly! + +As of now, since I'm starting with a small account of 5k, premiums earned aren't much and so, am unable to use the gains to have the chance to sell bigger stocks eg. fb and visa. + +So wondering and looking forward to hearing from you guys how do you slowly build up your portfolio until it becomes almost clockwork. I believe this is something educational enough for even the seasoned traders as everyone have their own proven method. + +Thanks! + +Edit: suggestions have been great guys, keep them coming! +I have been trading credit spreads for about a month and would like thoughts on my strategy. I have been normally trading call credit spreads that are 2$ wide with the strikes above my resistance line. I stop out when the underlying breaks through my resistance even if it hasn’t gone in the money of my strikes. I either roll out or switch sides so I never take a max loss. the most I have taken as a loss was 30 percent. I started with $1000 and I am now at $3000 I use around half to all of my buying power per a trade and tend to average down in to positions if my thesis for the trade still stands. Normally the spreads are around 0-2dte. Delta all depends on where the market is and where support or resistance is. If it is farther out then I collect less money but that is what the market is giving me. Generally between .3 and .1 +I've been writing weekly CSPs on $GOOG for income since last April and have twice been deep ITM at expiration. The first time, in Sept, I took assignment, and the second, in Jan, I rolled until the stock recovered. + +Here is a detailed breakdown of the trades for both + +Assignment: + +9/6/2021 STO GOOG Sep 10 '21 $2880 Put $960 - 100 shares assigned 9/10/2021 + +9/13/2021 STO GOOG Sep 17 '21 $2910 Call $730 + +9/20/2021 STO GOOG Sep 24 '21 $2880 Call $140 + +10/4/2021 STO GOOG Oct 08 '21 $2875 Call $125 + +10/11/2021 STO GOOG Oct 15 '21 $2875 Call $470 + +10/18/2022 STO GOOG Oct 22 '21 $2900 Call $720 + +10/22/2022\*\* STO GOOG Oct 29 '21 $2900 Call $1700 - 100 shares called + +Net profit: $4845 premium + $2000 profit on stock = $6825 + +RoC: 2.4% (annualized 19%) Total days held: 46 + +&#x200B; + +Rolling: + +1/3/2022 STO GOOG Jan 7 '22 $2810 Put $760 + +1/7/2022 Rolled to GOOG Jan 14 '22 $2810 Put $1655 (net credit) + +1/14/2022 Rolled to GOOG Jan 21 '22 $2800 Put $2470 (net credit) + +1/21/2022 Rolled to GOOG Feb 4 '22 $2800 Put $3300 (net credit) + +2/2/2022\*\* BTC GOOG Feb 4 '22 $2800 Put ($65) + +Net profit: $8120 premium + $0 profit on stock = $8120 + +RoC: 2.9% (annualized 52%) Total days held: 18 + +\*\*earnings week + +Obviously, this isn't an apples-to-apples comparison, but it's a real-time look at how rolling vs. assignment can playout for the same ticker in similar circumstances. In both cases, I was assigned because of a sharp general market pullback that resulted in a deep ITM position and I was able to exit the position because of a sharp run-up on earnings. + +One major difference is that the starting CSP in Sept was closer to .30 delta and ended up deeper ITM (as you can see by the small to nonexistent CC premiums in the middle weeks as I tried to write above my cost basis) than the Jan CSP, which was .16 delta. With all of the recent chaos, I have adjusted my target annual return to closer to 12%, versus the 20% I was aiming for when GOOG was in a strong uptrend. + +I know that the question of "why not just buy and hold" may come up and the answer is, this is an income strategy not a capital appreciation strategy. +Good morning! I have a question and I hope you can give some advice. I do know that if I am selling a CC, that the premium is highest at-the-money, but then tapers off in both directions in-the-money and out-of-the-money. This makes sense to me, but I also only understand this in the most general of terms. + +My question is, if I am in situation where I only want to earn the maximum premium, and if I have absolutely no concern whatsoever about exercise & assignment, how do I determine the point of maximum premium? Is this on the option chain, is it calculated? + +I appreciate your help. +Two common strategies while selling covered calls are to roll up/out if the market price exceeds the strike price, or to simply get assigned and then turn around and start wheeling by selling cash secured puts. + +It seems to me that each week you can make a decision as to whether or not you want to rollup or whether you want to wheel. For example, maybe if the cost to rollup is relatively small and you still make some profit, it would be better to rollup; whereas if the cost to rollup was really large, it would be better to wheel. + +What factors do you use to decide whether to roll up or wheel? + +One thing I don't really like about wheeling is that it would require taking a tax hit due to short term trading. +I'm a long time reader but this is my first post, because the topic has not been talked about much in this subreddit, yet. Most of you probably know [why it's a good strategy to buy back your sold options at e.g. 50%](https://www.youtube.com/watch?v=jmtb45fY7Y8). I always open a good-till-cancel (GTC) buy-to-close (BTC) order right after selling an option, mostly to not forget about it. + +An advantage of having your BTC order open right after selling the option is that it sometimes gets filled unexpectedly far below the limit price, especially at market open. This mostly happens with low volume / high IV options. It's great, because you can even sell the same option again right after and it's still worth it. I added a screenshot of my exceptionally good fill I got on Thursday. The mid price after market open was $2.35 and it did not get better on this day. I got filled at $0.75 with a limit order at $1.8. + +[NGA Feb19'21 20 Put fill. 15:30 Central European Time \(CET\) is 9:30 EST](https://i.imgur.com/A1nNFUs.png) + +Does this also happen to you from time to time? Is this broker dependent (I'm using IBKR) ? What's your strategy to buy back options? + +edit: better screen shot, link for the overall strategy behind profit targets, rephrasing, emphasized GTC order +My parents have a few investments in Stocks and ETFs also recently they asked for my advice about crypto because they got some payouts and want to invest in crypto. So my dad opens up his laptop and shows me his excel spreadsheet where he keeps track of all his stocks etc. He is still doing things the old school way, it appears to be working for him but am sure there is a simpler way to achieve the same thing. + +They just completed a small cryptocurrency investment now, my dad has a crypto app plus his excel sheet. + +I just want to get them something where they can keep track of their investments whenever they want to, and not feel as if it’s a task just to get that done. Something that's safe so they won't have to worry about losing their data or any of their hard earned money. Is there any apps or website where he can have all his accounts together and easily accessible maybe even where he can get news or live updates, price movements, and stuff. + +Can you guys give some advice or recommendations on this? Would be much appreciated. +I’ve been trading options for about a year now. Like many, I started by throwing my money at something I knew nothing about, and saw crazy losses. Since then, I’ve wisened up and now have much sharper skills when it comes to charting and understanding factors like theta, IV, etc.. + +In May, I decided to do a very small account challenge. I started with $200 and my goal was to reach $1000 (500%) return. I reached that goal after about a month of trading, through mostly consistent, small wins. + +I cashed out half of my cash balance and started back over with $500 in buying power. I immediately blew up my account in a few trades, and was left with $110 in buying power. I was able to turn things around and managed to recover. Last week, my account saw a high of $560, but between Thursday and Friday, I managed to lose the majority of my money again. + +This time I’m left with $38 in buying power, affectively nothing. I try not to get too emotional, but I’m pretty defeated. I’m a young college student who’s trying to make this into a career, but every time I feel like I’m figuring things out, I take two steps back. + +Since I don’t have much left, I can’t really make any trades to turn this around, so I’ll likely be depositing money back into the account. + +With that being said, does anyone have any advice for me going forward? Anything about risk management, when to cut losses, or how to deal with these crushing blows? I just want to have an honest conversation. Cheers. +>TLDR: We all need to be better at *fact checking* and *correcting other people*. A lot of comments and posts are frightening me on this subreddit, frightening because it is very obvious to me and not the majority. I break the post down into 3 parts. + +***INTRODUCTION*** + +The attitude shift has been *phenomenal* and it frightens me how effective FUD and misinformation has been on this subreddit. **This is what happens when leaders of a group create a weakness. It gets exploited.** + +I know that this stock contains regular Joe apes. I know you don't have days, weeks, months or years to study the stock market or finance... you're busy scratching your butt or counting bananas. + +BUT SOME OF US DO. + +Some amazing apes have been vigilant to fact check, to error check and to **check ourselves of our own inherent biases**. We should THANK these apes. + +Before, when I had to routinely correct people on their misunderstandings, misconceptions and misrepresentations and misinterpretations... I'd be met with *gratitude*. I'd be met with *intriguing counter arguments*. I'd be met with *curious people who want to know more.* + +... + +***SO WHAT'S CHANGED?*** + +Lately, I've warned people against talking about alt-right politics. Makes sense. Right? Nobody wants that on this subreddit, because we're here to TALK ABOUT THE STOCK. It isn't allowed on wsb, it isn't allowed on gme ... but it IS allowed here, because if the rules aren't enforced, they may as well not exist. (*Like our good friend the SEC.*) + +Why? I don't know. I don't care. But it may get us shut down, or may make us look *like the bad guys*. That fucking simple lads. What happens when I warn against it? I get insulted, brigaded, followed to other subreddits and harassed. + +Look how many followers my account has. Just for context... I had UNDER 10 BEFORE I STARTED COMMENTING IN THIS SUBREDDIT. + +Second, I warned people about spamming the SEC with pointless emails and comments, because it would disrupt their work. I have a background in cyber security management, network architecture and cloud infrastructures. I know my shit about threat actors, misinformation, disinformation and IT systems... as well as the idiot SEC monkeys who use them. + +My advice was ignored, I was insulted and jeered. Not by a few. By the majority. + +WELL GEE WHIZ, WOULD YOU LOOK AT THE FRONT PAGE ONLY A FEW HOURS LATER. + +A post, exactly outlining why it is a FUD campaign. + +Second... (and a half) the same FUD post was made on /r/gme: The top rated comments were **all commenters who were rational and assessed that it was FUD and that it was a bad idea.** + +*(So which subreddit is compromised, again? Just remind me...)* + +Third... I've been **tirelessly** having to explain months-old news about why "ladder attacks" **likely do not exist.** It is just SHORTING or SELLING or PUTS That's it. + +https://www.reddit.com/r/investing/comments/lbib0x/the_myth_of_the_short_ladder_attack/ + +Read. The. Damn. Post. + +Don't just fucking scoff at it. Read it. READ. IT. It is absolutely informative and perfectly logical. If you have a rational counter argument, fire away. But PROVE IT. + +There are also **other much easier, more pertinent and harder to track** methods of suppressing the bid. For example, retail using margin and the broker not buying their share. For example, using RH period. For example, putting all the retail trades **into off exchange** or batching them at **inconvenient times for the retail trader in GME, but convenient for the short positions**. (From certain brokers). + +Ladder attack lingo had been pretty **suppressed** and **debunked** in /r/wallstreetbets and /r/gme. Here? + +Here, we have people screaming it from the roof tops. Here, we have people **claiming that Google has been paid off to link reddit posts rightfully debunking ladder attacks.** I tried to explain to people that laddering *likely* doesn't exist and I was insulted and downvoted. + +What??? + +Because you're likely an ignorant ape to just how absolutely cultivated your reality is... just consider that Google shows **you a unique feed to everyone around you**. That's right. Even your search feed is cultivated to such a degree that even your information is restricted. Just for ad revenue. That's it. HFs aren't involved whatsoever. + +Fourth... + +LOOK. AT. MY. ACCOUNT. + +Highly active, highly engaged, 5Y OLD, diverse interests... posts almost *exclusively* positive (*and factual, where I try to be*) things about GME... + +Fuck it lads, I even made a fucking post calling out the mods of wsb for how they handled daily threads and didn't communicate it with the subreddit. + +DO I LOOK LIKE A SHILL? + +I have NEVER been called a shill... **UNTIL THIS SUBREDDIT STARTED.** + +(*Just once more for me...which subreddit is compromised?*) + +So how do we fix this? How do we, the users... fix this mess? + +***POINT ONE***. + +Not everyone who *disagrees with your understanding is a shill*. + +SAY IT WITH ME APES. + +>"Not everyone who disagrees with my understanding is a shill." + +***POINT TWO*** + +The fact there are people **currently manufacturing your emotions to this degree and this effectively terrifies me as a security boffin.** + +Be HEALTHILY skeptical of **anyone** on this subreddit. Be skeptical of me! Skeptical does NOT mean "don't believe it and tell other people to not believe it." + +A skeptic is someone who *doubts* the reality of something *until they confirm it*. THAT is the key part. *Confirming it*. Calling someone a shill and nothing else MAKES THE SUBREDDIT VULNERABLE AND YOU AN IDIOT. + +***POINT THREE*** + +If you can confirm or deny something you see here, with pretty good *evidence* then LET PEOPLE KNOW. Be active, engage users. CHALLENGE users and their beliefs with your *evidence*. Do not endeavour to repeat something as fact, if there is no evidence to support it. Don't spam people with stuff you *think* is important. There is only one important detail: buy shares if you can average down and hodl. + +Do not *blindly believe what the hype is hyping*. + +***POINT FOUR*** + +I previously told the mods of /r/gme that they needed to be conscious of misinformation, over emotional posts/comments and posts lacking evidence. This happened after a *certain* post was created that was completely delusional and detached from reality. The OP was responding in emoji and it was completely fabricated for **attention**. + +My report (and accompanying information) was taken in stride, I was thanked personally and that fictitious post was immediately locked. + +I've reported a LOT of comments and posts in this new subreddit... + +**Silence**. + +LEADERSHIP. MATTERS. + +We need BETTER fact checking mentality and it NEEDS to come from the top. Criticising and correcting BAD information and WRONG information is GOOD when the community is TOLD WHY IT WAS WRONG AND/OR BAD. + +Do better. All of us. We need to do better. /r/gme and /r/wallstreetbets is currently outperforming us when it comes to quality of information... this is inexcusable. +Hi everyone, +I need some advice on job negotiating. I recently started my job search and got a call back from the HR dept of a global company. I was asked what my salary range is and without much thought, I gave them my current salary ($67,000, I know big mistake) and that I would need a reasonable bump to change jobs. + +The HR person immediately said they can do a lot better and she was going to put me down for $80,000. I went through the interview process and am expecting a job offer on Monday. However, upon doing some research for the role, I realized that the national average for this role is $90,000. The average for this position at this specific company is $93,000. + +Once I get an offer for around $80,000, how should I negotiate so I don’t leave money on the table? + + +Any advice will be highly appreciated. +Thanks! + +Edit 1: I am a chemical engineer (2020 graduate) and it is a process engineer position at a manufacturing company. The interviewers seemed to be impressed with my resume and want to expedite the process. One other factor to consider is that they mentioned that they want to fill the position immediately and so the interview process will be accelerated. I have been called in to tour on Monday when the first interview was on Friday. + +Edit 2: I highly appreciate the feedback so far. A lot of people seem to be annoyed that I showed my cards early so I’ll provide a little clarity on what happened: I applied for this position and got a call at work from the HR person. When she said she will put me down for $80k, I didn’t protest as I had just started to look a couple days earlier and was not aware of market values and what my experience is worth. + +Edit 3: There were a lot of responses with average salaries accounting for all experience levels. For clarity: The figure I wrote down, $90,000, aligns with 1-3 years of work experience in this particular area. Thanks for all the feedback! +They're crashing the economy on purpose so they can buy everything for cheap. Once they steal it all, they sell it back to us through a subscription we can never get out from under. + +They know they're not going to jail. They know the government will even pay them to do this to us with our own money, and they're laughing at us all the way to the bank. Government is just the PR company for the economy. It's ineffectual by design. Change and well-being of population are not its goals. It's doing exactly what its supposed to do. Everything is working as intended. Except they never planned on butting heads with apes. + +This is class warfare, and it's working as intended. Feature, not a bug. The suffering of the poors is intentional, so that they can play the heroes that rescue the peasants from what they created. + +Every time we blame the system for our personal failure to self actualize, we are allowing them to make us a helpless victim and we eventually believe it. This is by design. + +This is why I hodl. +President is pledging to give $30 in Bitcoin to every El Salvadoran. + +With a population of 6.4 million, that’s over $150 million in + +This is huge for Bitcoin. + +This is the biggest crypto mass adoption ever in the history + +President of el Salvador has already pledged to mine BitCoin through natural resources + +Seems like Satoshi dream is coming true +I've seen a ton of questions on various crypto generation methods, so I thought I'd share my experiences and what's working for me. I'm not an expert, merely a dabbler for the last few years who has tried nearly everything to get that sweet, free cryp. If I missed anything, let me know in the comments! Eager to learn more. + +Edit: check the comments, y'all. I only wrote about what I know, but there's some great info below on things like DeFi, yield farming, and a ton of other tools to check out. + +**#5 - WeNano** + +*What it is:* Free crypto drops for the NANO currency, based on GPS location (think PokemonGo). Not a huge money maker but fun, encourages people to go outdoors, and should only grow in terms of adoption. + +*How to get set up: D*ownload the WeNano app for iOS or Android and follow registration steps. + +*How much I've made from it:* In a major US city I've made just under 5 NANO (\~$25), mostly from drops in the city and a few on trips I've made within the state. + +**#4 - Coinbase Rewards** + +*What it is:* An earnings program for various currencies on where you watch educational videos and answer brief surveys. Takes less than 5 minutes per currency, the videos are interesting, and it's connected me to some great new cryptos. + +*How to get set up:* You need to register on [Coinbase](https://coinbase.com/) and navigate to Rewards. No credit card or bank account required to earn rewards! + +*How much I've made from it:* $205 across \~10 currencies in about a year (during the boom) + +**#3 - GPU Mining** + +*What it is:* You know what it is but you may not know how to do it. Or you may have heard it's not worth the energy and wear and tear. The truth is, it can be.. if you have a decent GPU and cheap or free power. Note: this is about using your current GPU, NOT investing in a mining rig. That is a whole nother ball game! + +*How to get set up:* This platform gets some hate and it does take a service fee but I find NiceHash to be very user friendly for mining newbies. They will also help calculate your potential earnings. There are many other options out there though. + +*How much I've made from it:* \~$5/day in BTC, NOT including power costs (I live in an apt where it's included in the rent). + +**#2 - Staking** + +*What it is:* HODLing crypto for set periods of time to participate in the Proof of Stake model and earn interest for doing so. Note: you CANNOT withdraw your crypto during the lockup term. + +*How to get set up:* Most of the big platforms offer staking, such as [Crypto.com](https://crypto.com/) for ETH, BTC, etc. + +H*ow much I've made from it:* I'm waiting for Coinbase to launch its ETH staking so I haven't actually done this yet. But it should be around 6-7% annually. + +Edit: /u/Gabgra11 pointed out: some cryptos that support staking don't actually lock up your funds. For example, ADA is staked by staking your wallet. Withdrawing funds from the wallet effectively unstakes whatever you remove before the next snapshot. There isn't a lockup period. + +**#1 - YieldNodes** + +*What it is:* Earning interest through an investment firm who uses your cash on masternoding, staking, and other blockchain investments. This is the one I'm most skeptical of, but also the one that pays the most, so please do your DD. Their average MONTHLY yield is 11% and they paid out 19% in February, which is insane. The best part is they're somewhat dip-proof since they make most of their money noding transactions and are not directly tied to price fluctuations. The downside is you're essentially trusting this company with your money, but they've got great reviews on TrustPilot and the individuals are transparent on LinkedIn so I gave it a shot. + +*How to get set up:* Visit their website. Note: minimum deposit of 500 EUR required. + +*How much I've made from it:* 19%, I've been in it for one month. I plan to pull out my principle and let the rest compound. + +**Honorable Mentions:** + +* Brave Browser - not a huge money maker but a great browser where you earn BAT in exchange for receiving ad pop-ups. +* Reddit Moons - as you'll see, I have none, but I see the potential and love the idea! + +**Not Worth Your Time:** + +* Faucets, crypto games - miniscule amounts, I haven't seen any that are worth it +* (Most) Airdrops - I could be wrong here.. but most of the airdrops I've looked into have been spammy and/or a ton of effort for very little. There have been some good ones though. + * Edit: /u/AllYourCrypto shares some great links below on airdrops and DeFi +That's how much the US Federal Reserve pumped into Wall Street to help keep the US economy afloat. This money? **17 TRILLION DOLLARS??** Made up; out of nowhere. No physical value to this money. + +56,890,000 shares in the GME float. Let's say that no money other than this complete fake, 'economic boost,' is used, nowhere going under, Shitadel *just happened* to get all $17 trillion in case of emergency? + +The $17t divided equally amongst the float leaves a little over **$298,822 per share**, *BEFORE* any other major banks, hedge funds, futures are liquidated. + +We're all aware of how underpriced this stock is, but I think some people might need to see this to confirm that they shouldn't be looking to sell on the run-up, *even* when there are short attacks on major numbers (300, 500, 1k, 5k, etc.). + +To our new apes, *welcome aboard*\- prepare yourself for the stock to hit 1000 and pull back to 50 before MOASS, Shitadel still have major funds to spend in efforts to bring down the stock. If we all stick together, **we have the power to be founders of the largest economic redistribution in all of human history.** + +Obligatory NFA :) + +# WE LIKE THE STOCK +Your boy is back. No not me /u/moonski aka casual. + +I'm talking about the OG of Short Interest. + +The man, the myth, the cabbage loving Ihor Dusaniwsky aka Ihor aka 1 of the 3 S3 partners ™ aka @ ihors3 on Twitter aka the iHorse ™ is back with some hot new Hedge Fund Approved ™ DD. + +He was lighting up twitter like a banks office at 3am on a Saturday night yesterday, motherfucker blowing up phones like Gabe Plotkin blows up assets under management. I swear he tweeted what like every single ticker on the NYSE's short interest. + +But that's not why smashing the keys of my mechanical Cherry Red RGB Wireless Blockchain enabled gamer approved turtlebeach 360 audio keyboard, using my 1990 IBM 5150 to right click on spelling errors and put my trust in my autocorrect addon that it can do English better than me. + +I'm writing this shit because in between tweeting RNG based Short Interest calculations, Ihor has been a busy boy. + +Ihors home office has been "busier than usual" on google maps. + +Ihor been using his unlicensed copy of excel 2003. + +Ihor be doing some motherfucking Due Diligence. + +And maybe some of you follow s3 or saw his DD. Well Have I got news for you. + +But in case you are reading this like "who the fuck is Ihor?" what the fuck is an S3 partner? Let me quickly explain who the iHorse is and who employs him. + +&#x200B; + +[Hi I'm Ihor. I like tweeting.](https://preview.redd.it/twvrzvulur871.png?width=400&format=png&auto=webp&s=5ebda3e709eee5a8c994cd1b756b94c0957278e3) + +**>Who the fuck is Ihor and what is an S3 Partner.** + +S3 partners are, according to their linkedin, " A Data Power Company." Whatever that means. What does the S stand for? Dunno. Who are the s3 partners? Dunno. Well, actually, one of them is IHOR. The other 2? Probably made up like his short interest data. + +Ihor Dusaniwsky aka iHor aka @ Ihors3 on twitter aka the iHorse, has been there since 2003. He's now an MD. Ok enough about fucking ihor for now. + +Founded in 2003, S3 Technologies aka S3 Partners a market data and analytics firm, who among other things, seem to have carved a bit of a niche in short interest reporting. Great. S3 Partners tweet a lot, often Short interest info & charts. + +Well they did tweet a lot, until GME turned Melvin Capital into Citadel Securities in January 2021. Now S3 Partners never tweet, and only the man himself Ihor Does. + +**Ihors D FUCKING D** + +So Ihor tweeted dis - his fire new DD - [https://research.s3partners.com/u-s-short-selling-recap/](https://research.s3partners.com/u-s-short-selling-recap/). + +Ihor says the most shorted stocks on the NYSE are as follows; + +&#x200B; + +https://preview.redd.it/at2h1wt2yr871.png?width=540&format=png&auto=webp&s=c1bcde85be26358e7830365a1ff6d582a4da33c2 + +S3 "shortsight" still to this days says it's these bad boys [https://www.shortsight.com/the-most-shorted-stocks/](https://www.shortsight.com/the-most-shorted-stocks/) \- different to Ihors hot off the press DD, but iHor hasn't had time to open his copy of photoshop CS1 and update the picture I guess. + +&#x200B; + +[They did a picture cause they know people can't fucking read.](https://preview.redd.it/lhzf1m99yr871.png?width=1212&format=png&auto=webp&s=385ac18392c423a5c5868d815b7633d4864f7b43) + +&#x200B; + +I could just end the post here because... well look at those companies. They're using value of the short position as a metric for "most shorted" which is, well, kinda retarded and not very fucking useful, since market cap will determine who's the most short. + +I mean they literally say, at a whopping 0.67% of the float, Apple is one of most shorted stocks on the market... (cause 0.67% of apple is still 15 billion lol). So is Berkshire Hathaway. Yeah. Course it is. At a whopping 0.05% SI but ok it's definitely up there. + +Anyway, wut do with gme I hear you ask? Wut Ihor say about GME in his DD I hear you also ask? + +Ihor says these are stocks that had the largest reduction of short exposure over the last thirty days. + +&#x200B; + +[oh there's GME - at #1 in case you can't read](https://preview.redd.it/235y0nlazr871.png?width=564&format=png&auto=webp&s=0e3c61d97847b24e1fea82b44e018f2ab29742aa) + +Ihor says these stocks had the most shorts covering, which is different from the above metric, somehow. I didn't research what the difference is because + +1: it doesn't matter. + +&#x200B; + +https://preview.redd.it/h6q22f7izr871.png?width=562&format=png&auto=webp&s=a8127c7a933d1cdf2f57e3805c8a5243148985a7 + +again I could just end the post here because... well we all know why. I mean obviously apple is #1 again... cause reasons. With GME Ihor must be correct as covering shorts = buying shares = price goes... not up? kk + +How is that possible? + +Magic? Of course + +[yer a wizard ihor](https://preview.redd.it/oxrjc57cms871.png?width=300&format=png&auto=webp&s=b0b428ef115d06a9f0eed2406613b7d92290fc35) + +&#x200B; + +Or maybe s3 are telling lies telling sweet little lies. Also using the 30 Day metric is a nice way to mould the data into whatever sculpture Ken Griffin demands. + +Oh yeah btw citadel own s3 or at least part of it... cause fucking of course they do. + +1. S3 securities was a subsidiary of S3 partners and partially owned by Knight Capital Group (KCG) +2. 2013 KCG and Getco merged to form KCG Holdings +3. KCG has 75% indirect interest ownership of all of Virtu holdings +4. KCG turns into VIRTU KCGM +5. Virtu KCGM was one of the dark pool traders +6. Virtu bought KCG programs in 2011 +7. Citadel bought S3 Partner data and services in 2013 +8. KCG was bought by Citadel in 2016 + +Anyway back to the DD - My favourite is his Crowded Score & Squeeze score he invented about a month ago - how they calculate it is a secret. Like you know "secret sauce it's proprietary bro trust me its legit and totally accurate." + +https://preview.redd.it/f02y32wrzr871.png?width=476&format=png&auto=webp&s=6fc4a8bab13be34bb20d44d967d21b7f9464e8e6 + +Wut. No GME? Oh well. Must have forgotten GME. + +The fuck is a crowded short anyway? + +Well Ihor say's a short is crowded if; + +* there are large amount of dollars at risk on the short side, +* a large proportion of a stock’s float is being shorted, +* there is illiquidity in the stock loan market +* and\\or there is illiquidity in the trading market. + +I mean that description really sounds like GME. Like literally ask Alexa / Siri / Google Assistant / re-enable cortana on windows and ask her to "define GME" and you'll be told the above. + +But no, GME isn't crowded. GME isn't shorted. GME covered. Forget GME. + +There's also a squeeze score list which GME isn't on, and a "Most unprofitable shorts last 30 days" which GME isn't on either obviously, cause S3 forgot GME (and also again used some nice metrics to make sure they forgot GME). + +So basically, Ihors DD is that we are to believe that the short side of GME Covered 226% of the float short all the way to down to 12%, in 5 months, \*after\* the gamma run in January. You telling me HFs have bowed to retails power and admitted defeat? My sides. + +***Also btw the 226% isn't just from that Robinhood court case paper - here's a screenshot from FINRA on Feb 2nd 2021 - in case y'all want more sauce.*** + +&#x200B; + +https://preview.redd.it/06uuz5qf0s871.png?width=960&format=png&auto=webp&s=d3203d911854ac92826c8e7f38ea222e4c42c878 + +So why am I writing this? Oh right yeah. Ihor. GME. + +So here's why S3 and Ihor say what they do. They ain't deliberatly lying - probably. S3 aren't actually wrong. Ihor isn't actually wrong either. + +WUT. u/rensole get in here shill ban + +Yes I know. Allow me to explain. + +S3's data is likely correct. The problem is, S3's data doesn't cover anything out of the ordinary. They aren't reporting things like, I dunno, naked short selling or reverse conversions, or however else THE GOD DAM HEDGIES are manipulating their short reporting & positions. + +Why I know this? Well for one there's god knows how many fines for Market Markers reporting short sales as long so that would break their data. + +Also do you think the S3 data on Short interest covers things like what that fucking Pomeranian u/criand posted ? + +[https://www.reddit.com/r/Superstonk/comments/oc4f79/well\_there\_it\_is\_more\_mathevidence\_pointing\_to/](https://www.reddit.com/r/Superstonk/comments/oc4f79/well_there_it_is_more_mathevidence_pointing_to/) ? + +No I don't think so either. Cause that isn't technically "short interest." + +You think they take in account fraud & illegal activity that is *constantly* being fined? No I don't think so either because those aren't traditional short selling transactions either are they. + +Oh also there is this magnificent PDF from 2009 about S3 and their belief that the market is 100% fraud free farm to table organic everyone plays by the rules. + +[https://www.sec.gov/comments/s7-08-09/s70809-407a.pdf](https://www.sec.gov/comments/s7-08-09/s70809-407a.pdf) + +I wont go over this in detail, but here's the cliff notes™. ^((BTW here a GSE is referring to Freddie Mac and Fannie Mae)) + +[\(a GSE is Fannie Mae \/ Freddie Mac\)](https://preview.redd.it/visfrq622s871.png?width=842&format=png&auto=webp&s=9f764c813fe8601e3ee70b2e4f2cd2122a8352ff) + +https://preview.redd.it/pbm3uoa32s871.png?width=845&format=png&auto=webp&s=5ca48834f0fd31c812b20bff6c449fdb8267e6a0 + +But wut do with w3 & GME? Well look what s3 said happened during this time + +https://preview.redd.it/2qj4ohd52s871.png?width=1170&format=png&auto=webp&s=b370f67982ee06abe1546d633adedd7d33635790 + +So S3 weren't "technically wrong." Legitimate Short selling did likely drop by 90%. Problem is illegal short selling went to the god dam moon ™. Also does this not remind you of a stock today? One that starts with Game ends in Stop? Yeah me too. Sounds familiar. + +I mean look at what happened to Fannie Maes share price *after* "shorting selling was banned." Weird huh? I mean shorting dropped 90% so why price drop to almost 0?? Seems weird. That also reminds of a ticker I keep being told to forget. + +https://preview.redd.it/py92p4t72s871.png?width=976&format=png&auto=webp&s=b1ccec18f45236e6968af5456b276cdfd7572b0c + +&#x200B; + +And yet here we are 12 years later. Same shit different stock. The market is being told Short interest has dropped 90%, forget GME go long on some fuckin shiny rock, "We specialise in short interest we know best." + +if you wanna read more about that PDF and how it stinks of GME read this [https://www.reddit.com/r/Superstonk/comments/mo2811/let\_me\_tell\_you\_the\_tale\_of\_s3\_partners\_a/](https://www.reddit.com/r/Superstonk/comments/mo2811/let_me_tell_you_the_tale_of_s3_partners_a/) + +&#x200B; + +Ihors tweets yesterday riled me enough to write this incoherent ramble. These are the companies that specialise in Short Reporting. It's literally their job. And yet even they can't get it accurate when fuckery is afoot. The Regulator can't do it. The Self Regulator (lol) definitely won't do it. And Ihor definitely can't fucking do it. + +It's just preposterous the shit being spewed as fact from "reputable sources", as if people are to believe GME is done and dusted. + +If you were to believe their, or any company like s3's data, then no one is short GME, everyone's short fuckin Apple. + +If you read this far well done, here's the iHorse. + +&#x200B; + +https://preview.redd.it/7p83nuha3s871.png?width=128&format=png&auto=webp&s=8900050145fd202c5f57d78475943e9074a0e0b1 +It's that time of year again and many of us are probably dreading the imminent annual performance reviews at work. What tips and tricks have you used to successfully receive a promotion or significant salary increase in the past? +My parent’s garage roof has been damaged by the huge amounts of rain we’ve had in Sydney earlier this year. + +There’s black mold forming on the garage ceiling as a result of improper installation of the gutters, which have overflowed with rain water and leaked into the roof. + +An assessor inspected the damage recently after many months of waiting and my parents have been told their insurance will not cover cost of repairs as the cause was due to a lack of maintenance / building fault (rather than sudden, unforeseen damage). + +We have received a quote for repairs and it’ll cost roughly $7k to get the roof restored. Are there any options we have in terms of financial support to help with this cost? + +My parents are on the pension and were able to claim $1,000 from Centrelink as part of a flood disaster relief payment so far. + +Any advice would be appreciated! +Honestly, for as crypto focused as many here can be I'm a bit surprised nobody posted this yet, perhaps because it doesn't appear to be great news for the more anti government focused members of the crypto community. + +Link: https://www.sec.gov/news/public-statement/gensler-aspen-security-forum-2021-08-03 + +Noteworthy Excerpts: + +> Let me start at the beginning. + +>It was Halloween night 2008, in the middle of the financial crisis, when Satoshi Nakamoto published an eight-page paper[1] on a cypherpunk mailing list that’d been run by cryptographers since 1992.[2] + +>Nakamoto — we still don’t know who she, he, or they were — wrote, “I’ve been working on a new electronic cash system that’s fully peer-to-peer, with no trusted third party.”[3] + +>Nakamoto had solved two riddles that had dogged these cryptographers and other technology experts for a couple of decades: first, how to move something of value on the internet without a central intermediary; and relatedly, how to prevent the “double-spending” of that valuable digital token. + +>Subsequently, his innovation spurred the development of crypto assets and the underlying blockchain technology. + +>Based upon Nakamoto’s innovation, about a dozen years later, the crypto asset class has ballooned. As of Monday, this asset class purportedly is worth about $1.6 trillion, with 77 tokens worth at least $1 billion each and 1,600 with at least a $1 million market capitalization.[4] + +/ + +>We already live in an age of digital public monies — the dollar, euro, sterling, yen, yuan. If that wasn’t obvious before the pandemic, it has become eminently clear over the last year that we increasingly transact online. + +>Such public fiat monies fulfill the three functions of money: a store of value, unit of account, and medium of exchange. + +>No single crypto asset, though, broadly fulfills all the functions of money. + +>Primarily, crypto assets provide digital, scarce vehicles for speculative investment. Thus, in that sense, one can say they are highly speculative stores of value. + +>These assets haven’t been used much as a unit of account. + +>We also haven’t seen crypto used much as a medium of exchange. To the extent that it is used as such, it’s often to skirt our laws with respect to anti-money laundering, sanctions, and tax collection. It also can enable extortion via ransomware, as we recently saw with Colonial Pipeline. + +>With the advent of the internet age and the movement from physical money to digital money several decades ago, nations around the globe layered various public policy goals over our digital public money system. + +/ + +>The SEC has a three-part mission — to protect investors, facilitate capital formation, and maintain fair, orderly, and efficient markets in between them. We focus on financial stability as well. But at our core, we’re about investor protection. + +>If you want to invest in a digital, scarce, speculative store of value, that’s fine. Good-faith actors have been speculating on the value of gold and silver for thousands of years. + +>Right now, we just don’t have enough investor protection in crypto. Frankly, at this time, it’s more like the Wild West. + +>This asset class is rife with fraud, scams, and abuse in certain applications. There’s a great deal of hype and spin about how crypto assets work. In many cases, investors aren’t able to get rigorous, balanced, and complete information. + +>If we don’t address these issues, I worry a lot of people will be hurt. + +>First, many of these tokens are offered and sold as securities. + +>There’s actually a lot of clarity on that front. In the 1930s, Congress established the definition of a security, which included about 20 items, like stock, bonds, and notes. One of the items is an investment contract. + +>The following decade, the Supreme Court took up the definition of an investment contract. This case said an investment contract exists when “a person invests his money in a common enterprise and is led to expect profits solely from the efforts of the promoter or a third party.”[6] The Supreme Court has repeatedly reaffirmed this Howey Test. + +>Further, this is but one of many ways we determine whether tokens must comply with the federal securities laws. + +>I think former SEC Chairman Jay Clayton said it well when he testified in 2018: “To the extent that digital assets like [initial coin offerings, or ICOs] are securities — and I believe every ICO I have seen is a security — we have jurisdiction, and our federal securities laws apply.”[7] + +>I find myself agreeing with Chairman Clayton. You see, generally, folks buying these tokens are anticipating profits, and there’s a small group of entrepreneurs and technologists standing up and nurturing the projects. I believe we have a crypto market now where many tokens may be unregistered securities, without required disclosures or market oversight. + +>This leaves prices open to manipulation. This leaves investors vulnerable. + +>Over the years, the SEC has brought dozens of actions in this area,[8] prioritizing token-related cases involving fraud or other significant harm to investors. We haven’t yet lost a case. + +>Moreover, there are initiatives by a number of platforms to offer crypto tokens or other products that are priced off of the value of securities and operate like derivatives. + +>Make no mistake: It doesn’t matter whether it’s a stock token, a stable value token backed by securities, or any other virtual product that provides synthetic exposure to underlying securities. These products are subject to the securities laws and must work within our securities regime. + +>I’ve urged staff to continue to protect investors in the case of unregistered sales of securities. + +>Next, I’d like to discuss crypto trading platforms, lending platforms, and other “decentralized finance” (DeFi) platforms. + +>The world of crypto finance now has platforms where people can trade tokens and other venues where people can lend tokens. I believe these platforms not only can implicate the securities laws; some platforms also can implicate the commodities laws and the banking laws. + +>A typical trading platform has more than 50 tokens on it. In fact, many have well in excess of 100 tokens. While each token’s legal status depends on its own facts and circumstances, the probability is quite remote that, with 50 or 100 tokens, any given platform has zero securities.