diff --git "a/reddit_finance_43_250k_181.txt" "b/reddit_finance_43_250k_181.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_181.txt" @@ -0,0 +1,10000 @@ +4. Create an income stream. I don't care if it's $100 month. Create an income stream. +5. Understand there are 100 people at party. 95 send checks. 5 collect them. You want to be in that 5. +6. If you buy real estate, buy the shittiest house in the nicest neighborhood. Rich people want to live around other rich people. +7. Don't tell your bosses/coworkers how much btc you have. Your boss will hate you if you are richer than she/he. +8. Stay away from drugs and escorts. I've seen people ruin their lives over this. Just say no. +9. Don't be an asshole. Bad karma. +10. If you have tons of money, help the people who helped you on the way up. A gold rolex and baller penthouse won't make you happy. Giving your parents a vacation or car will. +Checked my bank balance this weekend and noticed that over the course of the past 3 weeks using 6 transactions, starting on the 4th of February , someone has been pulling money out of my account and transferring it to some scam website. All of these were done through ACH transfers. + +At first, I figured it was someone I knew who has pulled shady shit before who might've gained access to my account or routing number but realized it might just be my computer that's compromised. + +I've closed/suspended all my accounts, contacted the merchant and my bank. The website basically said "tough shit, your loss" while my bank said they will conduct an investigation and give me a credit for the amount loss until they can determine whether I'm protected under their terms or not. They decided to break it up into two claims because the website operates under two different names (wtf?) for those specific transactions. + +I'm just wondering, am I screwed? This is my life's savings and thinking about how I might never see this money again is giving me an ulcer. + +EDIT: Bank is BoA + +&#x200B; + +EDIT 2 (3/2/21): +My investigation was resolved and I was able to get my money back! Took about two days for anyone seeing this in the future. I have to say, Bank of America did alright by me. + +I've frozen all my accounts and credit through the 3 bureaus and have an appointment with a detective tomorrow. + +For all of those who asked, I don't want to mention the site name because I don't want to get sued by them for something stupid but it's basically a currency exchange site where you can send payments anonymously. + +Thank you to all the people that sent me kind words either through this post or in PM's. No thank you to all the people that tried to scam me again in PM's +For analyzing data in various kinds of ways, whether it be making output tables based on information from input tables, regressions, Time-series, or other kinds of math/stat and data work, what's the best language? +It seems an implicit assumption in routine discussions about the economy that it will continue to grow ad infinitum. But can it sustain itself indefinitely if the economy never grows, in some hypothetical world with static popular and static demand? To what extent do western economies today depend on a growing economy to meet their fiscal obligations? +Things like roads, municipal water lines, and power transmission lines, which tend to be socialized because it simply isn't feasible for multiple providers to compete in the same space. + +I am familiar with the word "rivalrous", but that refers to one customer's consumption preventing another customer's consumption. Is there a word for goods where one provider supplying the service prevents other providers from supplying the service? +Been trading since November and slowly but surely learning and improving by seeking out as much knowledge as possible. But one thing I see a fair amount is the topic of blowing up your account and losing everything/most of your funds + +In fact most people seem to say that blowing up your account is a vital learning experience that will help you to grow as a trader and it's something everyone should experience. But I struggle to see why it's so commonplace + +For me when I'm trading I will never take a trade without having a stop loss in place, I only remove the stop loss when I'm in a strong amount of profit so I can place my sell limit order at my price target (my broker doesn't let you have a stop loss and sell limit order on the same stock) + +Admittedly I mostly swing trade rather than day trade so maybe that changes things? + +It seems that by having stop losses in place it would be extremely hard for me to blow up my account, am I just being way too conservative with my trading? +really like this one company. applied to them and they granted me a phone interview. I can probably get an offer pretty easily but i don't actuallly want to work there. I just want to evaluate their operation lol +Apes, there are so many opportunistic people that are looking to capitalize on GME saga. Simply, smart up and don't give them oxygen. + +Please don't upvote everything you read. People like those are willing to make up stories to hype you up and subsequently gaining your "follow" on socialmedia. I got downvoted the other day for asking about the source of that TWITTER screenshot on "Kenny moving money to the Cayman Islands." A day later, it was completely debunked.  + +I haven't seen anything new from these LinkedIn and Twitter shots. Every piece of information was taken from Superstonk's top notch DDs. But mostly importantly, we keep seeing these fake and manipulated screenshots on here and we go crazy about them. Meanwhile, the posters of these fake screenshots laughing their ass's off. + +I can't tell u what to do, and what not to do, but Jesus christ, if someone posted something fake to hype you up, simply don't follow them Twitter, or other social media. I am so against idolizing individuals. We saw a few examples in the last 9 months how some of these individuals getting compromised. + +I continue to hodl and buy the dip until Shitadel et al go belly up. + + +Edit: To the mad smooth brained individuals. If you wanna raise positive awareness/information, u should be actually taking DDs from here and post on social media, NOT taking fake ass manipulated screenshots from Twitter and post on here. If you don't agree with that, then you are part of the problem of spreading BS. + +Edit 2: some of you can't even read and understand what I wrote. I am simply saying don't bring fake screenshots from other social media and post them on Superstonk. If u are a genuine ape u should be doing the opposite. Take DD from Superstonk and post on other social media. +I posted this in finanzen but it seems it still doesn't show in the sub. + + I am looking for a new broker as I want to move from Trade Republic. It has been okay if I only buy simple ETFs and trade every now then. They have also made a rather cheesy apology during the GME and AMC issue. I thought they did some improvements and will keep to their word of not manipulating and keeping it a free market. + +However, last Friday was probably one of the most frustrating investing day of my life. I have been holding PHUNWARE stocks since early this year and to my pleasant surprise woke up with a very high profit that day. It had then gone insane the moment the US market open. As much as I was very happy with this once in a blue moon 1200% rise, all my joy was sucked out upon seeing how absolutely rubbish Trade Republic is with these events. + +The price in TradeRepublic app wasn't updating. The price was frozen and only updated every 15, 20, 40 mins or so. You cannot even monitor the price movements thru the app. I tried to sell when the price was 16eur (this is the all time high in TradeRepublic when in other brokers it's 20eur), but none of my orders were executed. It froze at 16 then unfreeze at half the price, and from the freezing and unfreezing downwards. + +Can you imagine how frustrating it is to see your profits drain away? I knew about the volatility halts in the US market, but atleast they were aware of it and transactions went thru when the halt was lifted. With Trade Republic, I cannot do anything, if I just rely on their chart I cannot even tell what is happening with the stock and no idea what would happen to all orders. Customer support also do not reply. There is no warning message, no notification, no apologies, no whatever that even recognise that something went wrong. + +I am now looking for a new broker. Can you kindly suggest a broker who atleast do not have such disgusting disregard for their customers and truly allows to trade freely? Thank you! +I come from a rural working-class family in a red state. I'm the black sheep, moved to a blue city and work in tech. My mother passed away in 2018 and my father has been living alone since. I have two brothers who are not super involved with my father or financially savvy. + +After my mother passed away, my father told one of my brothers that he had $80k in a 401k and $325k in cash (also a paid off, quite run-down house). + +I was able to verify the 401k when I was helping him last summer (he'd been having trouble logging in to the account and needed my help to get past the 2FA). The cash, I don't know. He's secretive and very cheap (and kind of an asshole). He brags about keeping his home at 60 degrees in the winter so he can avoid buying a 'second' $600 tank of heating oil in the winter. + +Last summer when I was visiting, I talked about my 401k and my retirement plans. I was kind of excited and showed him how much money I've made in the stock market in the last 7 years. This might have been a mistake. It's the only hobby of mine that he's ever showed any interest in, though, so I explained a bunch of stuff to him. + +I have been out of touch for a few months because work has been crazy, and I just talked to him last week. He was really proud to tell me that he went to a retail TD Ameritrade storefront and handed most of the cash in his savings account over to some dude to invest for him. The guy bragged that "you don't ever have to pay me a penny", which says to me that he's not a fiduciary. + +My dad thinks he's following the 'buy when the market is down' advice, but I think we could be in for a pretty long ride. If we go into a recession, stocks could continue to fall. + +He's not mentally stable enough to admit that he will die someday. His father lived to 94 and he won't hear any talk of "you don't have enough time for this anymore, Dad". + +I think something could happen to his health or his house and he might need that money. I feel like this is a kind of elder abuse, but he signed up for it. + +Does anyone here have any experience with a TD Ameritrade storefront or something like this? I am worried about the tax implications of all of this as well. I've kept all my investing to tax-advantaged retirement accounts so I have no idea where to even start. +I feel like I am the kind of guy that likes to keep working, that I will continue to keep working in some capacity after I FIRE (it will probably be my 50s, before I can). +The thing I keep thinking about what would I want to be / do when I can FIRE - a gardener, own a coffee shop, maybe write books, etc. The things that one might consider lifestyle jobs and lifestyle businesses - the things that generate income, but mostly you are in it for the social interaction, keeping busy / finding value in work, etc. + +I am wondering what others with the same mindset have planned or perhaps even done? Did it work out, did you enjoy it and how is it going? +Hi, + +This is a low cap stock, sorry if it's not allowed to be here. + +It's a liquor retailer in Alberta, Canada. + +They had liquidity problems due to high finance costs for a long time, but since a few years (2018) they seem to have turned it around. + +They closed a few stores to pay off the debt, made a rebranding of the stores and switch the strategy to low prices, lots of promotions to add market share. Since 2018, the stores had organic growth every quarters. At the end of 2020, they had their lowest count of stores, 26, and recorded their best sales since 2016. (I'm scared this number is big because of Covid) + +\- + +At the current price of 8 millions dollars (0.165/Share), + +47 millions in sales in 2020 + +1.5 million net income + +2.4 millions in FCF in 2020 and 250k in 2019 (2019 - Finance costs were 900k, now reduced by 50%) + +\- + +Is this a good opportunity at a discount? + +\- + +The risk + +\- What's the normalized amount of sales? I'm afraid that the 2020 number is this big because of Covid, no restaurants, no bars, this sure helped. However, the sales of the existing stores were growing organically in 2018, 2019. Even at 45 millions in sales, this would be enough to create positive FCF in my estimations. + +\- Same management, why would this time be any different? + +\- + +Thank you and any feedback is appreciated. + +Sorry for the low cap! +I’ve been looking for former hype companies that are down massive from their highs so much so that they are starting to look like value stocks. So far I’ve found TDOC and SQSP which both trade at really cheap P/S ratios for sass companies. Just selling puts on them at lower prices right now though because I think they could still drop 30% plus. + +Anyone have any other stocks like this that are entering value territory +Just as the title says, with the fed set to meet on Weds Sept 21 at 2pm to announce their next rate hike, there is pretty wide consensus/expectation of a 75 bps increase. There is also a possibility of 100 bps and comments could point to ongoing increases and maintaining higher rates for longer than most would like. In the event of whatever news coming out spooking markets with another leg downward, what are your top value targets to add? + +For me it’s TXN below $153 and GOOGL below $100 +I have been reading about the history of Berkshire Hathaway and there are things that are not clear to me. + +I know Buffett bought Berkshire stock when he closed his hedge fund, but how did he get hold of so many insurers and reinsurers if he started with a few million dollars and didn't use leverage? + +Why did Buffett decide to keep the company public? When you could have left it private like Koch Industries or Access Industries and you would have more freedom to operate and not be forced to disclose as much information. +If you have a large position in a lightly traded stock what is the best way to exit? The average daily volume is not much more than the position size. Use TWAP or VWAP indicators? Something else? +I don’t hold either positions below nor do I plan to. + +Take Tesla. Back 5-6 years ago, there were people flying planes in California with a sign trailing behind them “Buy TSLA Stock” to try to build a community behind the company. Gamestop is a more stupid example, but their community r/superstonk, regularly makes the front page of Reddit, even a year and a half after the first pump. + +Of course, fundamentals are the most important aspect of pricing a stock. + +Nonetheless, how do cult like communities in support of certain tickers factor in to your analysis of a stock? +A couple years ago, I joined this subreddit and a few others, asking for financial advice and looking for ways to improve life. I even solicited in an effort to even eat. Today, I’d like to announce that since then, I’ve gotten a job with a device repair company, and over the last few months I’ve moved up the chain quickly. Now I am moving across the country with my fiancé to start a job as a manager for a store, eventually moving up to Area Manager. I’m so excited and so happy I’ve gotten to where I am. +A couple years ago, I joined this subreddit and a few others, asking for financial advice and looking for ways to improve life. I even solicited in an effort to even eat. Today, I’d like to announce that since then, I’ve gotten a job with a device repair company, and over the last few months I’ve moved up the chain quickly. Now I am moving across the country with my fiancé to start a job as a manager for a store, eventually moving up to Area Manager. I’m so excited and so happy I’ve gotten to where I am. +Honestly, £20k per year, control over where you invest and you can take the money out when you need and it's tax free. This is such a good deal isn't it? Where's the catch? +&#x200B; + +https://preview.redd.it/6wy9da3hl3d71.jpg?width=700&format=pjpg&auto=webp&s=9f1508d04191e29110a4c9ca481ea6373abb600d + +*This is one of a series of posts where I will apply my fast and dirty historical fundamental analysis to some of the biggest dogshit stocks of 2021. If you are interested in the process I use below to evaluate a stock, check out* [How Do I Buy A Stonk???](https://www.reddit.com/r/ASX_Bets/comments/lzjpvf/how_do_i_buy_a_stock/) + +# The Business + +&#x200B; + +https://preview.redd.it/1uzdvm9kl3d71.png?width=1500&format=png&auto=webp&s=f7a13019938d7f69422b5786958d7074c9c8010e + +Service Stream (SSM) listed on the ASX in 2004. Based in Melbourne, it designs, builds, and maintains infrastructure assets in Australia. The majority of its work revolves around fixed and wireless networking infrastructure, like broadband and mobile towers. However, SSM also works within the energy and water utility industry, performing installation, maintenance, and inspections around the country on behalf of major utility providers. + +In a simplistic sense, Service Stream could be characterized as being like a mining contractor for the infrastructure sector. SSM play a fundamental role in making sure the critical assets in Australia are running smoothly. It has major contracts for the rollout of the NBN, as well more recently working with major telecom companies like Telstra in the building of the 5G network. As such, SSM has been imbedded with some of the largest blue-chip companies in Australia as a key provider of services for the last decade. + +# The Checklist + +* Net Profit: positive 9 of last 10 years (loss in 2013 only). Good ✅ +* Outstanding Shares: up & down, raise in 2014, reverse split 2016. Neutral\* ⚪ +* Revenue, Profit, & Equity: dropped in 2014, but growing L6Y. Good ✅ +* Insider Ownership: 10% w/ big sells in ‘19, 14x on-market buys in ’20 @ avg $2. Neutral ⚪ +* Debt / Equity: 22.5% w/ Current Ratio of 1.4x. Good ✅ +* ROE: 8.6% Avg L10Y w/ 16% FY20 (10-18% L5Y). Good ✅ +* Dividend: 3.9% 10Y Avg Yield w/ 9.5% FY20. Good ✅ +* BPS 78cents (1.2x P/B) w/ NTA 3cents (31.3x P/NTA). Neutral ⚪ +* 10Y Avg: SPS $1.42 (0.7x P/S), EPS 5.3cents (17.7x P/E). Neutral ⚪ +* Growth: +5.9% Avg Revenue Growth L10Y w/ 9% FY20. Good ✅ + +**Fair Value: $1.51** + +**Target Buy: 91cents** + +^(\*The cap raise in 2014 was dilutive, and SSM was working through a tough period in their business at that time. Since then they have rebounded. The reverse split in 2016 was relatively minor .93 for 1 and returned share numbers to historical levels. It was done in the context of a strengthening business, and so consolidated into a much stronger share price which seems to have been on net a benefit to shareholders. Therefore, I characterise their share count history as neutral at worst.) + +# The Knife + +[marketindex.com.au](https://preview.redd.it/c6gldxnxl3d71.png?width=967&format=png&auto=webp&s=40499208ce8d4e3c368e051e4820538a3cd0e6a6) + +SSM peaked in July of 2019 at a smidge over $3.00. It was mostly downhill from there, though the share price did manage to hold onto its level at around $2 for most of 2020, getting as high as $2.43 as recently as Dec 2020. + +However, by the close on Friday (23rd July 2021) @ 94cents, those that had bought at the all time high would be down 69% of their holdings and can only take solice in the memes at this point as their investment bleeds them out. + +Even those that “bought the dip” in the crash of 2020 are down roughly half of their investment (Ouch). + +# The Diagnosis + +The Short Answer: Service Stream had major contracts with NBN Co. in the construction of the broadband network. With the rollout announced to be officially finished at the end of last year, that leaves SSM with a big hole in their earnings going forward. + +&#x200B; + +https://preview.redd.it/lf8asdgzl3d71.png?width=1200&format=png&auto=webp&s=46fa90af9435859a5eaf74703afff2d56179a762 + +The Long Answer: SSM has had years to plan for this eventuality. Perhaps they were a bit too comfortable with the ongoing operating and maintenance agreements they had signed with NBN and Telstra for work post rollouts. Perhaps they were looking and they just had no good opportunities presented up until that point. + +Nevertheless, the weak outlook in the 1H21 reports caused shareholders to abandon SSM in droves. Within 2 days of the results, the share had shed over 30% of its share price. This was after SSM had already taken a major thrashing in the couple of months prior and had dropped to about $1.70. Maybe the one thing that kept bagholders loyal up until this point was SSM's excellent dividend payouts. But with 1H21 seeing the dividend cut in half, and with an otherwise lacklustre guidance on the future, the share went into freefall. + +&#x200B; + +https://preview.redd.it/s8r7egw3m3d71.png?width=1067&format=png&auto=webp&s=e5321953147f28fad7c6d11dc8dfa8793229bf49 + +Though, to be fair, this really is the nature of project-based businesses, whether in contracting, building, or manufacturing. We see the same thing going on with Austal (ASB), which this series reviewed a few weeks ago. Huge projects bring in great revenues, and for a time the business may fly high on good earnings and generous dividends. But when the work dries up for one reason or another, then the business can all of a sudden find itself in a tough spot, bleeding cash, and forced into a cap raise to stay afloat. Indeed, this is exactly what happened to SSM in 2013 and 2014 after a rocky couple of years. + +# The Outlook + +Perhaps then it should come as no surprise to long term holders when SSM went into trading halt earlier this week and announced a capital raise. Actually, if anything the surprise was that it wasn’t to shore up balance sheets and try to keep themselves in a position to win projects (like when they did in 2014). Rather, this capital raise was in order to jump on a major acquisition opportunity. + +&#x200B; + +[Simples!](https://preview.redd.it/adtqnr75m3d71.png?width=1000&format=png&auto=webp&s=095c2edf11e1c8e75ee0194b861a4f8d55f4963f) + +SSM in their outlook and strategy had made clear they were putting a key focus at a high level on trying to diversify the business, and make it more durable to the ups and downs of the telecom contracts that they had been so heavily involved in for the last decade. SSM management stated that they were actively pursuing acquisition and merger opportunities as part of that strategy. + +&#x200B; + +https://preview.redd.it/il4d46g6m3d71.png?width=2500&format=png&auto=webp&s=a377fab11d88c417be4015167777feaefe37dd88 + +As it happened, Lendlease dropped a major opportunity right in SSM’s lap, and it couldn’t have been better suited to them. Announced on Wed the 21st, SSM had entered into an agreement with LLC to acquire their services business. The plan was to fund it with the capital raise along with existing debt facilities. + +&#x200B; + +[SSM Acquisition Investor Presentation](https://preview.redd.it/6rms0tu7m3d71.png?width=1400&format=png&auto=webp&s=98e8a4a9266240abd195f314a6791a1592ccabea) + +The LLC services business is entrenched in operations and maintenance side of telecom, utilities, and transportation around the country. As an otherwise profitable segment of LLC's business, it does make me wonder why they would quit it. Though this sort of move isn't necessarily out of character. In 2000, LLC cut loose their MLC insurance and wealth management business in a sale to NAB. One of the largest deals in Australian corporate history. It ostensibly wasn't for any other reason than MLC didn't fit the vision of LLC as a property management company. So perhaps it is the same with their services arm now. Either way, SSM is now the beneficiary and almost overnight (literally), their strategy of diversification has been achieved. + +# The Verdict + +Though, the most important question for investors is, was it a net positive for shareholders? + +&#x200B; + +[SSM Acquisition Investor Presentation](https://preview.redd.it/3uopq2pam3d71.png?width=1400&format=png&auto=webp&s=e20a29cc7d17a2169b2f35d67581e519fd551f94) + +On an operational and strategic sense, it looks like a pretty good deal. SSM's capabilities will dramatically increase as a result, which will open them up to more potential customers and contracts. With this would bring an implication of more stability. A more narrowly focused contract business has no options when the specific work that they perform is no longer required or in low demand. On the other hand, a business with a diverse skillset can balance a slackening demand in some sectors with increases in others. + +&#x200B; + +[Composite SSM Acquisition Investor Presentation](https://preview.redd.it/kxu1lz4cm3d71.png?width=1500&format=png&auto=webp&s=86d087780c98456fe628f84bd8e68928889b4e6a) + +Something similar can be said about SSM's revenue split between their major customers. Prior to the acquisition, the company derived over 60% of its revenue from only 5 customers. And while the new business is still heavily reliant on its major customers, its revenue is now much more meaningfully spread amongst the smaller clients. This gives a solid cushion to SSM in future should one of their top 5 customers change the scope of their work with SSM, or drop them as a contractor entirely. + +&#x200B; + +[Snapshot of clients of combined business](https://preview.redd.it/g91z2bndm3d71.png?width=4290&format=png&auto=webp&s=ada5e639926ad59878c2bd5f8dc6c0a63c526415) + +It’s also relevant to look a bit further past the numbers and at the actual clients themselves. Amongst the customer base that the two companies will be servicing are some of the largest public and private infrastructure companies in the country. + +&#x200B; + +[Baghodlers think it's grouse. 😺](https://preview.redd.it/n9yl55ghm3d71.png?width=1400&format=png&auto=webp&s=025aa668d40d95d0b07b9647ff6da923d1ce2943) + +# The Target + +So, to me, the concept of the strategy seems sound. However, lets go back to the numbers and see if they also tell a positive story about the acquisition. To do that, it might be best to compare the last three years of fundamentals per share (unadjusted to what will likely be the new outstanding shares), and the expected combined FY21 figures post acquisition. + +&#x200B; + +https://preview.redd.it/v0rrwrdlm3d71.png?width=944&format=png&auto=webp&s=3f17b80394ba416911e16219a3db0f422bb27c3d + +As it stands according to the guidance given in their investor presentation, SSM should finish FY21 at just over $800m revenue and just under $40m NPAT. Without adjusting for the new shares, that works out to be 9.4cents per share and an SPS of $1.94. + +Post-acquisition, SSM would have added to its debt, equity, and shares on hand substantially. Furthermore, they estimate there is about $17m worth of EBITDA that they can get merely from the efficiencies of combining the two businesses, which in their estimate works out to be an additional $9.3m to the bottom line. + +This gives the following fundamentals per share: + +* SPS $2.58 +* EPS 10.9cents +* BPS 78.2cents +* DPS 6.5cents + +All in all, the acquisition appears to be accreditive by +15% for EPS, +30% for SPS, and is roughly break even on book value per share. The dividend has been suspended for FY21, but expectation would be that it would resume in FY22, and with similar results and a 60% payout (historical level), one would expect to see a 6.5cent dividend in future. This isn’t too far off previous levels. + +In comparison to recent years results, all of these numbers don't look half bad either on a per share basis. The EPS is a bit down from 2019-2020, but solidly in line with 2018 results. The revenue would be the highest that they’ve ever achieved by a long margin, and that’s also reflected in the SPS. + +Therefore, the acquisition looks like a net positive for shareholders both strategically and fundamentally. Indeed, the fair and target price reflect that. Working off these combine numbers gives us the following fair and target prices for FY21: + +**Fair Price (FY21C) - $2.33** + +**Target Price (FY21C) - $1.30** + +Much higher than historical averages, and in fact not much different than if I crunched the numbers on the 2020 fundamentals. + +I think the major risk here is that SSM see further declines in revenue moving into FY22. Though, with the pricing level hovering just above a target price based on a much lower 10year historical average, buying in at this level would appear to give a holder a pretty good margin of safety. One point of concern is the net tangible assets, or more properly the lack thereof. The ultimate risk of default leaves shareholders with little to recoup. Though, with SSM operating in such stable industries like telecom, utilities, and roads, that risk should be fairly low. + +# The TL;DR + +Service Stream is a major contractor for the infrastructure sector. It had a major hand in rolling out the NBN, and is currently being deployed on building 5G network assets for companies like Telstra. As such, it is a major services provider to some of the biggest blue-chip companies in Australia. + +With the official completion of the NBN last year, SSM revenue was due to drop off dramatically. While they had signed major contracts for ongoing maintenance and setup services, the big money had come and gone. The problem was that SSM had nothing immediately in the pipeline to replace that business, and their outlook as a result looked weak. + +They were on the hunt actively to acquire or merge with other businesses to diversify their revenue streams and to procure a more stable order-book. As luck would have it, Lendlease was in the market to quit its profitable services business, and the fit could not have been better for SSM. The new arm of its business would expand the industries that SSM operated in, and distribute more evenly their revenue amongst a wider base of customers. + +As it stands, the acquisition also looks to be accreditive to shareholders from a fundamentals point of view. It is not clear to me on how the FY22 outlook will shape up exactly, but given a bulk of the business is now extended into more steady operations and maintenance work within the utilities and transportation sectors, it would seem that the downside has been limited. The upside, is that SSM can start to leverage its new capabilities and customer base for growth opportunities and derive more efficiencies from combining the two services businesses. + +With the stock currently trading at a level that would be appealing even based on lower historical averages, perhaps it's worth the punt. Though, one would want to be mindful of the volatility that can be present in a project oriented business such as this. + +*As always, thanks for attending my ted talk and fuck off if you think this is advice.* 🚀🚀🚀 + +*I'd love to hear other's opinion on SSM and whether there is potential here that I am not seeing. Also, suggest other dogshit stocks that are/were on the ASX 200 index, and I might put them on the watchlist for a DD in future editions of this series.* + +*Currently on the Watchlist (no particular order): CGF, URW, IPL, COE, SGH, FLT, Z1P/APT, SXL, RFG, AZJ.* + +[Previous Editions of Catching the Knife](https://www.reddit.com/user/Nevelo/comments/sfc7gi/catching_the_knife_series/) +Every few weeks there seems to be a lot of discussion about the purpose and direction of this sub and what people want to get out of it. Based on the [post from yesterday](https://www.reddit.com/r/fatFIRE/comments/msrdkk/proposed_action_items_to_correct_the_direction_of/), there are lots of opinions. + +Since the verified flair doesn't really get used, I wanted to create a new post just for verified members so that your opinions could be a bit more prominent. + +Several opinions by verified users were expressed in the other post with many agreeing that quality getting worse. Some were: + +* Having segmented content through post flairs or additional subs (post-fire vs early stage vs middle stage). +* Preferring advice on managing money rather than spending it. +* Having a verified only post day or stickied post. +* Banning non-fatFire people and larpers (two people commented about this) + +I agree with the above and I'm here because I want have discussions with people in a similar cohort that have a FIRE mindset with a higher yearly spend than other FIRE groups. To me this means that your end goal isn't to make a lot of money just to make a lot more, but to make (or have) a lot of money and actually RE. There are some people who want to keep working instead of retiring and they can add value as long as posts veer off-topic too much. It doesn't bother me when there are posts made that aren't relevant to my life, but it's frustrating when so many are unrelated to FIRE, from trolls or larpers, don't follow the rules or have already been answered. + +What do all of you other verified members want out of the sub? What do you think should be done to keep the quality of the sub high as it grows? +Hello Apes! My wrinkle brain friends u/zinko83, u/MauerAstronaut, u/Lennixus, u/criand and several others have recently written some excellent DD's and posts on recent developments in wrinkle-brain GME theory, namely these excellent posts on [volatility swaps](https://www.reddit.com/r/Superstonk/comments/qmtt6q/volatility_variance_dispersion_oh_my/), [options hedging using variance swaps](https://www.reddit.com/r/Superstonk/comments/qoz68k/how_variance_swaps_can_explain_oi_in_far_otm_puts/), as well as u/Leenixus' [excellent Dick-Dick today](https://www.reddit.com/r/Superstonk/comments/quj97o/gme_evidence_of_predictable_cycles_gme_explained/) + +If you haven't seen these, please take a moment and go read these DD's that explain how shorts continue to mess with our favorite company and how we can predict price action within some degree of accuracy. To sum it up quickly, here's a quick quote from u/zinko83's post on variance: + +> Hedge funds sell variance making them short, which in turn requires them to hold a portfolio of long OTM options to hedge the short swap. This should be making lightbulbs turn on, if it doesn’t go check Citadel Advisors, Susquehanna, Simplex holdings and see they hold not only puts but calls come back and stare at the replicating above, it will click eventually. + +And from u/mauerastronaut’s post on variance swaps: + +> GME options chain is indicative of the “Replicating Portfolio” used to hedge short variance exposure. This portfolio involves long puts and calls, short forwards and a rather small position in shares. Assuming open naked shorts on GME, willing counterparties for short forwards would be market makers or prime brokers trying to get around close-outs through deemed-to-own clauses. Short variance exposure can explain many events that happened this year around the stock, but not correlations to other tickers. We believe it to be a major driver of GME’s stock price. +It is suspicious that the options chain looks like this in such an obvious way, since doing a complete hedge usually burns the premiums collected, and also is sending very clear signals which investment firms usually try to circumvent. + +> Whales bet that banana wouldn’t go up and down a lot, but it did. Open banana options suggest this, and maybe help explain where fake bananas came from. Banana value moves because whales are trying to not get fukd. Whales normally are not that obvious, which tells us something. The question is what. + +In light of this new information, I have taken up the rather daunting task of trying to bring everyone up to speed, and dispel some FUD, with some basic options education. This post will mostly be a beginner’s level introduction, ELIA style, then progress to more advanced knowledge in future posts. + +**SECTION 1: DON’T PANIC** + +I know some of you reading this are already freaking out and typing replies containing all sorts of hedgie-promoted FUD about how options are “free money for Kenny” and all the anti-options FUD apes have been saying for months. In light of the new information on volatility / variance swaps and futures/options expirations, we now know that completely avoiding options is likely making it easier for shorts to pull off their variance hedging/replicating portfolio vega-hedging strategy. I would also add that DFV used some options, sooo... + +Please note a few disclaimers: + +- **I am NOT telling you what to do.** + +- I am NOT telling you to buy GME options. Shares and DRS always comes first. + +- I want get rid of emotional bullshit and FUD and just learn some basic options FACTS for a moment. Form some new wrinkles, then you can make your OWN investment decisions and do whatever you want with your money. + +- DO NOT DAY TRADE GME (or GME options). + +- This is not financial advice, I eat crayons, etc. + +A few other things this is NOT: + +- This is not an exhaustive, complete guide to options. It’s impossible for me to cover everything there is to know on options and I’m too smooth anyways for that. This is a distilled “What Apes Really Should Know” GME-focused summary of what I’ve learned from other wrinkles, books, and websites over the past 9 months. +- This is NOT expert or financial advice. I’m a physician by trade, not a financial advisor. But I’ve learned a few options basics and can speak ape since my brain is fairly smooth, financially speaking at least. +- This is NOT going to be presented formally with fancy-ass words and shit. I got my medical degree at Costco and I eat crayons. This is for smooth brains. If you want a more technical, formal options intro, head to the options sub and read their FAQ or something. I’m probably going to trigger some wrinkles telling me certain things aren’t quite right, or are oversimplified etc. I know, but we’re starting SLOW for crayon eating apes who stick bananas in their ass here, so I’m simplifying things as best I can while still being reasonably accurate with specific regard to how I view GME options. Theory relating to options plays on other stocks may he slightly different, though the basics will be much the same. +- I am not a cat. + +Ok, down to business. + +**SECTION 2: BEWARE OF THE LEOPARD** + +There is ONE part of the anti-options FUD that is (generally) true for Apes and it is this: + +**DO NOT BUY FAR OTM CALLS** + +This is important, so I will say it again louder: + +##DO NOT BUY FAR OTM CALLS## + +I know those $900 GME calls look enticing cause they’re cheap, and if MOASS actually is today you’ll make a stupid amount of money. But if you’re off by even a minute, it’s free money for Kenny. Just don’t do it. There are better...options (😏), as we shall discuss. + +**SECTION 3: CALLS & PUTS** + +There are basically two kinds of options: *CALLS* and *PUTS*. Calls are bets that the stock price will be above a certain amount (the “strike price”) by a certain date (the “expiration date” or “expiry”). Puts are bets the stock price will be below the strike price by the expiration date. If the stock price moves above your call strike price, the call is then said to be “In the money” (ITM). If not, it’s “Out of the Money” (OTM). Also, one option represents 100 shares of stock, so when it says the price for a GME call is 22.90, its really 22.90 x 100 = $2290…for one call (which represents 100 shares). + +Let’s do an ITM/OTM example real quick to reinforce the concept: GME is hovering around $200 right now. Let’s say I am confident it is going up within the next month. I could buy a $210 call (currently OTM, because the strike on the call of $210 is more than the current price of GME of $200). If GME goes to $225, my call will then be ITM. Make sense? Puts are the same, but for decreasing price, but since stocks only go up, who buys puts? + +When you buy an option, it has an expiration date. If your option is “out of the money” on the expiration date, you’re fucked and you lose what you paid for the option. Thus, when you buy a call (or put) you REALLY want it to be “in the money” before 4pm on your expiration date. The further in the money, the more profit you’ve probably made. + +**Rolling**: No you’re not on MDMA, rolling an option is when you decide that your expiration date is getting too close and your stock might not make it to the price you want, so you basically sell your current call and by another one that expires at a later date. It will cost some additional premium to do this, but if done correctly (well ahead of time), it isn’t too bad. [Here’s a great Investopedia article on rolling](https://www.youtube.com/watch?v=dQw4w9WgXcQ). + +**SECTION 4: WHAT’S AN EXIT STRATEGY?** + +There are two ways to close an options position. You can sell the option, which is probably the most common choice. Or you can *”EXERCISE”* your option (this is what DFV did with his call options) and buy 100 shares per call (or sell 100 shares per put) at the strike price of the option. So, if DFV bought a $5 call in early 2020, then exercised it in April 2021 when GME was $150 (or whatever it was), he got 100 shares for $5 that are now worth $150, quite a deal. + +This concept of exercising options is VERY important to understand. If you go buy a $900 call for GME, nothing’s gonna happen. As a call gets closer and closer to being ITM, market makers start hedging the sold calls by buying shares, in case the call becomes ITM and gets exercised. This is called “delta hedging” and we’ll get to it more later, but basically ITM options are bad for Kenny, and EXERCISED options are WORST for Kenny because then he has to buy and deliver shares. Yes, they can be fake/rehypothecated shares, but then you can DRS them and END GAME. + +You’ve all seen the video of Thomas Peterffy on CNBC talking about retail “asking for their shares in January”. He was referring to the fact that during the peak on Jan 27-28, there were so many millions of ITM calls, that had the call owners EXERCISED their calls and asked for their 100 shares per call, it would’ve created a sudden, huge demand for shares and triggered the MOASS (and the collapse of the entire system). + +With regards to SELLING of options, I would say that if you don’t plan to exercise them, either due to lack of funds or personal preference, I would err on the side of selling your options for a fairly early profit and then using the profits to buy shares. Options aren’t quite as liquid as shares, tend to have wide bid-ask spreads, and can be a bit harder to sell. If you wait until your option costs 300,000 per call, you might not have any buyers left at that price. It is common in the non-GME options trading community to set hard rules for exiting an options trade. For example, some traders always exit an options trade if it is at +30% profit. They take their 30% and run. I think for GME this is a bit low generally, but for myself, I am likely selling my calls by the time GME gets to the $300-500 range, then buying more shares with those profits. I would not personally recommend holding your calls until GME looks like a phone number, because there may not be buyers of the calls at that stage. If you plan on EXERCISING, then diamond hand those ITM calls to the expiration date like DFV did. + +**THE SYSTEM IS NOT DESIGNED FOR TONS OF ITM CALLS TO BE EXERCISED ALL AT ONCE** + +This is because there is no limit to how many options get sold. It’s common for more options to be sold than shares exist. If all those options were ITM and everyone exercised, there’d suddenly be more shares than exist for the stock (on top of the shares that have already been sold), and the system would go supernova. They shouldn’t be able to sell more options than shares exist, but the SEC are basically lazy, PornHub-addicted criminals so here we are. + +**SECTION 5: GREEKS, IV’s, and MATH** + +This is a BASIC intro. I am not going to cover every detail of all the options greeks, and I don’t understand it all myself anyways. But you don’t really need to know every single thing about all the option greek shit for GME purposes. There are, however a couple of super important topics to cover regarding these mysterious terms. + +- **Implied Volatility (IV)**: This one is IMPORTANT. IV is basically a measure of the volatility of the stock. Ideally, you want to buy GME calls when the IV is LOW. LOW = cheaper calls. If you buy when IV is very high (like right before earnings), your calls will rapidly lose value when volatility declines after earnings and you’ll suffer “IV CRUSH”, a sudden drop in options value due to IV dropping rapidly. You can look up IV using options scanners built into many trading apps. Lower is better for buying. BUY THE IV DIP basically. + +- **Theta**: This is probably the most important greek for Apes imo (though I’m sure others will debate this). Theta is basically TIME. Theta=Time. As time passes, your option becomes worth less and less. This is called “theta decay.” But you still make money on the call if the amount the price goes up above your strike price outweighs the decrease from the passage of time/theta. Further dated options cost more because there is more time for your prediction to come true. + +- **Vega**: Vega is worth knowing about because it is what they are hedging with their variance/volatility swap replicating portfolio of options. Vega is a measure of how sensitive the option is to Implied Volatility. It is the change in the price of the option for each point change in the IV. + +- **Delta/Gamma**: If you want to know more about these, go read [this investopedia article](https://www.investopedia.com/trading/using-the-greeks-to-understand-options/). They’re just not that important to our discussion at this stage IMO. + +**SECTION 6: CALL GME MAYBE** + +Now that we’ve covered some basics, let’s walk through my thought process of how I might buy a GME call myself (not financial advice, just an example): + +First, I’m going to fire up an options strategy site/app like www.optionstrat.com (I like this one personally but there are many of these that are similar). I’m going to use their strategy optimizer, type in my favorite stock, pick a date (I like going a few months ahead to be safe) and see what it says as a starting place. From there, you can play with various options and see how it changes the profit graph. Good way to visualize different variables IMO. Here’s what it might look like: + +https://i.imgur.com/6cG2u0H.jpg + +Next I’m going to hit “open in visualizer” so we can see how these different variables change the outcomes. + +https://i.imgur.com/CSJv0Sb.jpg + +See the slider right below the pretty graph that says “days to expiration”? I moved it all the wsy to the left, basically showing the value of the option today. The x-axis (across the bottom) shows the price of GME, and the y-axis (on the left) shows your profit/loss. Note this is for one call. You can click the green bubble that says $190 and change the quantity. + +See that vertical blue line in the middle? That’s our break even point. Watch what happens to the graph when I move the date slider halfway to towards the expiration, to 1/1/22: + +https://i.imgur.com/PUofFLq.jpg + +See how the blue line and all the green stuff shifted to the right? This is theta decay. If GME is still the same price, you’ve lost money. Play with the sliders. Move the strike price around and watch the graph. Move the date around. Get a feel for how the curve changes. + +**ITM vs OTM** + +My opinion is that for GME specifically, ITM calls have some nice advantages over OTM calls. + +First, ITM calls offer more downside protection, especially if you buy the ITM call at a time when stock price and IV are lower (buy the dip). It is important to note that you should try to go as deep ITM as you can reasonably afford to protect against dips. I’m as bullish on GME as anyone, but right now at around $200, it’s possible that they could drop the price back to $190, potentially making your $190 or $195 call OTM and worthless (if it expired that day). Safer to pick an ITM price where GME won’t ever go again. For example, when GME was $170 a few weeks back, I picked up some $150 calls, because I’m pretty darn confident we’re never going back down that low. + +Second, and perhaps most importantly, ITM calls promote “delta hedging” by the market maker. Let’s imagine what happens at Kenny’s house when you buy that $190 call. Suddenly there’s a new call sold that is ITM. That’s 100 shares he could be forced to deliver to you AT ANY TIME if you ask for them. He will likely buy those 100 shares to hedge that possibility. I know shills will show up and say “but he might NOT buy them, no one is making him”, and that might be true, except that most institutions do delta hedge and we’ve seen times when a high number of ITM options drove the price higher due to this, and it’s a safer bet than buying OTM calls that might expire worthless. Also if we buy OTM calls and the price does gradually move up towards them, the market maker will *gradually* delta hedge as the price gets closer to ITM. But ITM calls should be hedged when the call is bought. + +There is however a BIG downside to ITM calls: they’re expensive. That being said, the way I see it, they’re way less expensive than 100 shares, but they give you 100 shares of leverage. So even though that $190 call for feb costs $4000, it makes Kenny buy 100 shares at $199 each = $19900. More stock volume, price goes up. AND it fucks with his variance hedging strategy, by making it harder to balance the vega equation on his volatility swap. + +Ok, I have an idea what price I want, now what date? Nov is too soon for me. Theta will kill me. When in doubt, be like DFV. DFV bought like $4 calls or whatever they were with an expiration date around ONE YEAR ahead. A year later the price was like 30 times his $4 strike price. That’s what I want. So I might buy a $170-180 call for Jan 2023, with the confidence that sometime between now and then, GME’s price will be like $500+ and my calls will be worth bank like DFV’s. + +Look for lower IV if you can. If you can’t find a low enough IV it’s ok to wait. Nobody “needs��� GME calls. + +I want a GOOD ENTRY PRICE. This is actually really important. I always do limit prices on options purchase orders, and I fight like Warren Buffet to get that call for the LOWEST POSSIBLE PRICE I CAN. Sometimes you have to be PATIENT and wait for it to drop. Calls often have a wide spread between bid and ask, so getting a call for closer to the bid price can really make a difference to your profit. Don’t be lazy and enter the midpoint price. You can often get a call for around 1/4 of the way between the bid and the midpoint. I’ve even sometimes turned around and sold it immediately for 1/4 of the way between the midpoint and the ask, for a small profit. Do not overpay for your calls. + +Decide how many calls you want. I have a LOT of shares. XXXX ape here. Know how many calls I have right now? Around thirty total. Shares always come first IMO, but I do believe, based on DATA, that options drive volume, which drives price movement. + +Buy. Hold. Profit. We’ll get more into selling calls vs exercising later. Either way, it’ll get converted into more shares, so WIN. We will also discuss more advanced strategies in the future like selling covered calls and cash secured puts, but those are their own posts. + +**SECTION 7: LIFE, THE UNIVERSE, and EVERYTHING** + +There is so much more we are going to cover apes. This is just the beginning of a great journey and we will learn more together as we proceed to more complicated topics in future posts. + +TLDR: DO NOT DAY TRADE GME. SHARES ALWAYS COME FIRST. DRS. After all that, if you have a few bucks left over, it might not hurt to buy a couple ITM and near-the-money calls once you understand how options work and the risks/benefits thereof, including increasing GME’s traded volume and fucking with the short’s variance hedging strategy. + +Edit: An awesome ape (u/mskamelot) mentioned that it’s a good idea to paper trade before throwing real money at options. I totally agree. Never hurts to practice before you play in the game. TDA has a great paper trading, but you can paper trade options all over the place to practice. I’d also add, not to YOLO your life savings on options if you don’t know what you’re doing (or ever). If you’re new and wanting to play with it, start off with one single call or something. Again, not financial advice. + +Edit 2: Another wrinkle had a good question about whether you can buy options on a margin account or if it has to be cash. For most brokers, you can trade options on a cash account, BUT you can usually only buy calls or puts, not SELL calls/puts. But since we’re mostly concerned with buying GME calls that’s all we really need here. Or, you can do what I do and have one account (mine is TDA) that’s only for options and non-GME trading that is a margin account, while your GME shares are kept in cash accounts (or DRS’d). I should also add that you have to be approved for options trading with your broker, which usually involves answering a series of questions like “I have experience with doing this”. Based on this they’ll approve you for different “levels” of options trading, which are basically based on risk. Level one is like basic stuff described in this post. The more advanced levels will be things like spreads or “iron condors” and stuff like that. + +Edit 3: Well, this blew up. A lot of apes are asking about how it works if the price goes up. Ok. Let’s say, as an example (not financial advice), you buy a $200 Feb call for $4k. Then next week, the price goes up to $400 and your call is now worth $24k. At this point you have 3 choices: +- Hold your call longer and hope it keeps going up. +- Sell the call for $24k and use your $20k profits to buy shares +- Exercise the call for $20k + your 4k premium = $24k for 100 shares now worth $400 each = 40k. Not a bad deal. + +I think most apes without insane money in this situation would just sell the call and use the profits to buy shares. But not financial advice. Just trying to illustrate how it works :) + +Edit 4: Wanted to post this link the GMEDD value analysis of GME. It’s important, and whether you are interested in learning more about options or not, it’s a good analysis of our company: https://gmedd.com/wp-content/uploads/2021/11/GMEdd-GameStopValuation-16Nov21-1.pdf +I think I know the answer to this question. I've seen many people point out that just because you can code, does not mean you can trade and it makes sense. There seems to be many software engineers here (myself included), who would like to earn some extra income but really don't have an edge as a trader. + +Those who have found some success, have you always felt like it was your trading that helped gain an edge? Or perhaps was it a really well built system, ability to iterate prototypes quick, brute forcing some sort of solution? etc. The reason I ask this is I recall an ama of a professional a few months/years back (unverified so I guess take it with a grain of salt) who said part of why they were successful was just how well built their system was. Not sure if they were saying because of speed and high frequency, or for other reasons. Anyways, as a (imo good) engineer, but no trading skills whatsoever, I would be curious to here if there is anyone who has any examples of this. +Assuming everyone is willing and able to work to an employable level, would it be possible for everyone to earn enough to live sufficiently comfortably? By this, I mean can they afford the essentials of housing/food/transport/utilities etc without spending more than they earn? + +Or will it always be the case that the people who earn the least will be unable to afford the essentials and will find themselves in poverty? + +Thanks! +Yesterday, it happened. Despite being a highly technical person who's very aware of scams in general, I fell for one. I got an email from "Royal Mail" saying I needed to pay a customs fee on an incoming parcel. I've spotted probably thousands of scam emails before and consider myself generally aware, but yesterday I was just distracted and unfortunately - very rarely for me - I had just ordered something from abroad that was due to arrive imminently, so it was bad timing. + +I filled in my personal details, card details *and* bank details (Wtf, I even thought it was weird at the time because nothing would ever need these both) and sent them to some nasty stranger. Immediately after submitting the form I knew I'd fucked up. I froze and cancelled my card (easy, thanks Monzo), submitted to a report to action fraud and registered with CIFAS. Is there anything else I should do? + +It was a stupid mistake, but I'm not going to beat myself up. Getting bombarded with hundreds and thousands of similar messages, even the most aware person can just have one bad day where they don't pay enough attention. The important thing is to respond quickly and decisively and do the best you can to protect yourself against any aftermath. And hopefully that's what you lovely people can help me do. + +Thanks! +I've only been trading with real money for about a month, but I read something a few months ago, while doing my research, that really stuck and I wanted to share. + +As investors, we often look at the moves we've made and judge ourselves on what we missed on or what we hit on. This is part of growing and learning as an investor. + +But the thing that many people forget is the **almost** trades. Those trades that we got close to pulling the trigger on, but didn't. Whatever that reason was, we all have moves that we almost made but *something* made us pass on it. + +#Write them down.# + +Record every trade that you almost made, or considered making. Record the date, the current value, and the reason you didn't make the trade. + +This has been very valuable to me in my first few weeks of trading. We all look through our portfolio and our trade history and think, "man - if only I held this longer" or "I really messed up buying this on the rise". But what we often forget is to give ourselves credit the the decisions we made that there isn't a history of on our chosen broker. For every single regret we have as traders, there is a dodged bullet that our gut, training, or education helped us avoid. On the flip side, there are also those securities we saw a post about, or noticed while browsing that sparked something in us but we hesitated on. Those ones that have been nothing but green since then and we are regretting. + +If you don't record the moves you **almost** made, then you're missing out on valuable person growth information that can help you become a better trader. Write down every move you almost made in a notebook and look back every once in a while. The more you write at the time the better. + +Hope this can help others as much as it's helped me. Good luck y'all! + +Edit: it seems there are a few of you that take it personally and feel the need to insult because I've only been trading with real money for a month. I've also been researching, learning, and trading with virtual accounts for years. I'm by no means a seasoned vet or an expert - and that's why I'm giving out a tip that has nothing to do with certain securities or evaluation of them. Take a breath and find a way to be happier in life folks. +I really appreciate this subreddit. Grew up (and still am) poor and bad money management skills (ty mum). I've recently got my first full time salary job and actually having disposable money is a bit overwhelming but I'm determined to pay off all of my debts, not many, but enough to ruin my credit rating and finally start saving so when things do go to shit, I'll be kind of prepared! Thank you to this subreddit on teaching me these things. + +It's wild, a year ago I was jobless, living in a very dodgy 1 bedroom apartment and no licence but now I managed to get a full-time gig, got the car I've always wanted, a mazda3, and finally moving out of my dads place next week. I never thought I'd be in this position considering my family history of Centrelink (welfare), public housing and no-one working at all but we're here. Keep your heads up m8s, things get better eventually even if you can't imagine it ever will. +"Sec. 2. I hereby determine that the making of donations of the type of articles specified in section 203(b)(2) of IEEPA (50 U.S.C. 1702(b)(2)) by, to, or for the benefit of any person whose property and interests in property are blocked pursuant to section 1 of this order would seriously impair my ability to deal with the national emergency declared in this order, and I hereby prohibit such donations as provided by section 1 of this order. + +Sec. 3. The prohibitions in section 1 of this order include but are not limited to: + +(a) the making of any contribution or provision of funds, goods, or services by, to, or for the benefit of any person whose property and interests in property are blocked pursuant to this order; and + +(b) the receipt of any contribution or provision of funds, goods, or services from any such person." + + +Sec. 7. For those persons whose property and interests in property are blocked pursuant to this order **who might have a constitutional presence in the United States**, I find that because of the ability to transfer funds or other assets instantaneously, prior notice to such persons of measures to be taken pursuant to this order would render those measures ineffectual. I therefore determine that for these measures to be effective in addressing the national emergency declared in this order, **there need be no prior notice of a listing or determination made pursuant to section 1 of this order.**" ... aka, they can take all your stuff without due process instantly if you have "constitutional rights" in the US (wow). + + +The rabbit hole is deep people. This is almost as bad as the patriot act... a national emergency LOL what a joke. **I pray that non of you donated to Snowden using Coinbase or any other bitcoin platform that keeps your identity on file** + + +Source: https://www.whitehouse.gov/the-press-office/2015/04/01/executive-order-blocking-property-certain-persons-engaging-significant-m +This story is about a week old, however I've not seen anyone talking about this. + +[Full article from New York Post](https://nypost.com/2022/06/21/abigail-disney-wants-to-challenge-bob-chapeks-pay-report/): + +Abigail Disney, the Mouse House heiress turned vocal critic, is reportedly attempting to organize a shareholder challenge of embattled Disney boss Bob Chapek’s $32.5 million payday. + +Disney, who has pegged her personal net worth at $120 million, has been “quietly courting” institutional investors to challenge Chapek’s compensation at the company’s next shareholder meeting, The Wrap reported, citing multiple sources familiar with the matter. + +The proxy push could mark another embarrassment for Chapek, who has been under fire following a series of missteps at the entertainment giant. + +The 62-year-old heiress has reportedly held at least three meetings in an effort to build support for the move, through which participants would reject or potentially seek to claw back some of Chapek’s pay. She has argued that her name recognition would provide the company’s shareholders with a better chance in the fight at the meeting, which will be held next spring. + +One unnamed institutional investor approached by Disney reportedly described their meeting as a “very informal discussion that was very serious,” while another investor told The Wrap that the discussion was preliminary in nature. + +“Fund managers run into each other at industry events all the time and talk shop,” the investor told the outlet. “And Abigail wanted to know what they thought, what the mood was. She seemed mostly interested in if this was that perfect opportunity for something like this.” + +Both a Disney spokesperson and Abigail Disney declined The Wrap’s request for comment on the report. + +The Post has reached out to Disney and Abigail Disney’s production company, Fork Films, for further comment. + +Chapek, who replaced Bob Iger as Disney CEO in 2020, has faced intense criticism over the botched response to Florida’s “Don’t Say Gay” bill. One former Disney executive reportedly said that the company’s leadership “managed to piss off both the left and the right’ by flip-flopping in reaction to the legislation. + +The Chapek-led company faced internal protests from left-leaning workers as well as a public spat with Florida Gov. Ron DeSantis, who revoked the company’s special tax status. The incident sparked speculation that Iger could return to replace Chapek as Disney’s top boss. + +More recently, Chapek shocked the entertainment world by firing Disney’s well-regarded TV content executive Peter Rice – a move that reportedly led to “terrible” morale at the Mouse House. Still, Disney Chairman Susan Arnold issued a vote of confidence for Chapek in the wake of that decision. + +Disney’s stock has also struggled, sinking 40% during a broader downturn in the market since January and about 46% over the last 12 months. + +Abigail Disney’s behind-the-scenes push is the latest sign of her willingness to criticize the company founded by her grandfather, Roy O. Disney. + +The heiress co-directed a documentary entitled “The American Dream and Other Fairy Tales,” which called out pay inequality at Disney. Released earlier this year, the film highlighted the struggles of park workers compared to the lifestyle of Iger, who earned $65.6 million in 2018. + +Abigail Disney also has a history of criticizing executive pay at Disney – once referring to Iger’s windfall in 2018 as “insane.” At the time, Equilar determined that Iger earned 1,424 times the pay of the median Disney employees. + +Chapek’s 2021 compensation of $32.5 million more than doubled his pay from the previous year. The sum included a $10.2 million stock award and $14.3 million through an incentive plan. His contract is due t expire next year. + +Shareholder challenges of CEO compensation are relatively common, particularly at large companies, but rarely result in material changes. + +The votes are typically non-binding and function as recommendations to a company’s board – though they can be a powerful rebuke and indication of public sentiment about internal management." +Vitalik just donated 1 Billion Dollars to India's COVID relief funds and i can't express how much this means to us Indians. This is a lump-sum of money and coming from from a non resident of India, it just shows us his humanity. Despite the Indian governments' constant drive against cryptocurrency, Vitalik donated for a good cause to help our country in desperate times. As a show of gratitude I also just bought some more ethereum and I will make sure I tell everyone about crypto and ethereum and spread awareness. Thank you Vitalik. +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +For those of you that are conscious of the environmental impact of your bank Chase is by FAR the worst. Below are a couple of sources. + +I'm aware some people don't care, for you feel free to go ahead and ignore. I'm not judging just sharing info. + +Some mind think this isnt relevant to the sub but I think people should be informed about a bank they may be interested in with all the talk about them recently. + +Chase is the biggest funder of fossil fuels, investing around 40% more than the second worse bank. Around a quarter of a trillion dollars between 2016-2019. + https://www.ran.org/campaign/stop-banks-funding-climate-chaos/#:~:text=Chase%20has%20dumped%20over%20a,%2Dplaced%20bank%2C%20Wells%20Fargo + +(Pay walled/limit for free) https://www.forbes.com/sites/davidrvetter/2020/03/18/jpmorgan-chase-tops-dirty-list-of-35-fossil-fuel-funding-banks/ +Xxxnifty - N$FW token + +Check out the official TG, to see where all the fuzz is about + +1️⃣ Amouranth her OnlyPunk sold for $125.000 !! Let that sink in + +2️⃣ Launch of Alpha release of Pleasurely, xxxNifty's Adult Social Platform. (OnlyFans Social Like Platform, but way Better) + +3️⃣ They added different new teammembers to the core team +With lots of experience and all doxxed + +4️⃣ They announced a partnership with OnlyPunks , an algoritmic art project, crypto punks, but then adult +And this one is trending on opensea + +5️⃣ Team announced 2 Top 10 Exchanges on the way!! + +6️⃣NOfacegirl (NFgirl) top 19 on Pornhub , is branding all her new videos on PH with $N$FW and XXXnifty + +7️⃣ Stormy Daniëls joined as a Brand Ambassador , next to Nofacegirl and Amouranth and 6 others + +8️⃣ Stormy Daniëls is going to auction herself as NFT in the dress she wore when she dated him + the dress itself is an Unlockable by the NFT!!! + +✔️ Largest NFT marketplace in their space + +✔️700 Adult NFTs on their Marketplace + +✔️100+ creators on the platform to date (no matter of gender anymore!) Adding more daily + +✔️500+ NFT sales. Over 400 1of1's + +✔️ They launched the NFT marketplace i April 2021 and the token in may 2021 +So the project is really moving forward and the devs are working. Full time on this project + +✔️8 partnerships w/Agencies + +✔️8 Brand Ambassadors, with Amouranth and NOFACEGIRL and StormyDaniels +They have a huge social media followings , combined over 20 Million following + +✔️Deflationary Tokenomics benefit holders + +✔️Daily NFT sales + +✔️$25 million MC, 2 working platforms utilizing the utility of their native [NSFW] token + +1 : XXXnifty - NFT marketplace +2: Pleasurely- Social platform + +✔️XXXNIFTY is a registered business, meaning devs and team are all doxxed +✔️TechRate Audit approved +The system is a fucking joke and no one seems to give a shit. Either that, or they are just ignorant and naive. I'm convinced that some serious change needs to happen and we need to be the ones the spread the word. + +Let's look at the recent comment by one of the most successful investors of all time with an astounding 69% return over the past year, Nancy fucking Pelosi. In what world should a politician be able to trade stocks in companies they literally make laws for. What fucking crack is she smoking to think that's ok. We literally live in a world where it's more of an issue for NBA refs to bet on NBA games. + +We had 3 congressional hearings for GameStop. What a crock of shit. We wasted valuable taxpayer dollars for them to investigate an event that was confirmed by the SEC to be driven by retail buying pressure. Meanwhile we had Nancy Pelosi and her team of criminal politicians profit off the pandemic based off insider trading. Not a fuck was given. But God forbid some random redditor makes bets his life savings on a supposedly dying brick and mortar company. DFV was questioned by Congress for buying and holding a stock that he liked. Where's the same scrutiny to Pelosi and her pals. I also found it funny how DFV answered all his questions alone, meanwhile Ken Griffen needed multiple lawyers in the room to answer his questions. Why so serious Kenny boy, got something to hide? + +Now we can't just pin all the blame on the politicians cane we. We can't forget the major player that is the media. Spreading literal propaganda. If I had a dollar for every "don't buy GME, buy x stock instead" I would be the next Ryan Cohen. You would think ridding all debt, raising billions in cash, restocking the executives, and all the other good things GME has done should warrant some praise. Nope, not a fucking thing. People seem to forget how big the media conglomerate is. Most of the big media companies are all owned by the same parent company. Everyone is in bed with everyone. + +I think the thing that really did it for me was the recent motley fool article where they claimed Meme stocks could be responsible for a market crash. GME is an $11 billion market cap company, please tell me how a stock market worth trillions and trillions of dollars is affected from "leveraged investors may have no choice but to retreat, causing increased market volatility." But of course if GME went bankrupt, like the media is constantly implying will happen, that would be no issue and the market would be fine. At some point people need to realize that buying and holding a stock should not cause stress on the financial system. + +I know this may seem like a bit of a rant and it kind of is but I just don't know where else to get this out. I would love for someone to prove me wrong and I can move on my life but I know that's just not possible. As some point, if it looks like a duck, quacks like a duck, and walks like a duck, it's probably a duck. This is where we are at with this situation. Literal dogshit wrapped in catshit. + +I do have hope that a new system is in the works but for now we gotta deal with what we have. I ask that everyone spread the knowledge about how corrupt our system is because the more people that realize, the more likely something is going to be done about this. Maybe web3 and blockchain is the key as I'd love to see them try and cheat the public blockchain ledger. Keep your head high apes. Buy, HODL, DRS. The music will stop and when it does, be ready. + +GME till I fucking die. + +Edit: Oh before I forget, self regulation is fucking retarded. Like utterly stupid and immensely retarded. +I've come to a point in life where gifting a new bag, dress, or watch simply doesn't feel like a financial sound gift to a partner, family member, friend. In all likelihood they already have what they need. And I'm not very interested in giving them what they want, barring some cases. + +Been wondering **what are some investments, investment products, or even tools that we can gift to our loved ones to help them be financially stronger, earn more income, or simply aid them in their financial journey?** + +We already know: + +* Gifting stocks is an option. We've discussed this [before](https://www.reddit.com/r/IndiaInvestments/comments/bqe9ab/how_to_gift_stocks/) +* Investing in MFs in the name of a minor ([example](https://www.reddit.com/r/IndiaInvestments/comments/okt0po/investing_for_your_kids/)) + +That's it. + +What other options do we have? + +Some more I can think of: + +* Subscription to a tool like Bloomberg Terminal (if you can find where to buy) +* Subscription to financial study materials like Mint/WSJ/The Ken +* Buying digital gold in other's name (not sure about feasibility) or simply a gold coin with tax receipt +* Paying off their small debts (although not sure how they would take it; doesn't really count as gift) +* Gift cards +* Sponsor a fee-only financial advisor for one time +* Book a full-body checkup ("*tere wajah se body checkup kiya aur ab dekh mujhe NAFLD detect hua hai*") + +What are some other finance products as gifts? +I'm 26 and have no savings. I have, however, recently paid off my $80k in student loans. I make ~$85k. This is the first I'm really looking at long-term financial planning, so I'm in a little over my head. + +My parents have no savings and no other assets. They blew through everything, college funds included, trying to keep the house in the 2000's. They're 58, and my dad is the primary source of income, but his continued health is highly questionable. + +My parents still owe 50k for my younger brother's loans, plus whatever $1800/month is on the mortgage and any CC debt on top of that. There's a much-needed new car on the horizon as well. I don't know the totals, but I know it's nauseating. + +I don't really want to tackle their debt, having put so much effort into clearing mine, but I don't want to watch them struggle, either. I've already accepted that it's likely they'll move in with me eventually. + +How much should I start saving for them (without being too stingy) so they can be comfortable, but without completely messing up my own/potential future family's finances? + +I figure if SS is enough for their groceries and whatever personal expenses/bills they might have, then besides housing I need to have a float for medical costs and probably something to supplement their spending money. + +Also, any basic recommended reading would be helpful. +*First, I want to bring attention to something.* + +# The SEC just passed all 4 new rule PROPOSALS totaling 1,656 pages that would be considered as the next major market restructuring since Regulation NMS in 2005 if passed. + +**List of the 4 Proposed Rule Changes/Introductions** + +&#x200B; + +1. **Disclosure of Order Execution Information:** [https://www.sec.gov/rules/proposed/2022/34-96493.pdf](https://www.sec.gov/rules/proposed/2022/34-96493.pdf) +2. **Regulation NMS: Minimum Pricing Increments, Access Fees, and Transparency of Better Priced Orders:** [https://www.sec.gov/rules/proposed/2022/34-96494.pdf](https://www.sec.gov/rules/proposed/2022/34-96494.pdf) +3. **Order Competition Rule:** [https://www.sec.gov/rules/proposed/2022/34-96495.pdf](https://www.sec.gov/rules/proposed/2022/34-96495.pdf) +4. **Regulation Best Execution:** [https://www.sec.gov/rules/proposed/2022/34-96496.pdf](https://www.sec.gov/rules/proposed/2022/34-96496.pdf) + +The SEC have been working on working on these rules since approximately April of 2021. + +# The GameStop run-up/sneeze was an event unlike anything anyone could have predicted or anticipated. + +[Section 4. Conclusions - Page 43 - https:\/\/www.sec.gov\/files\/staff-report-equity-options-market-struction-conditions-early-2021.pdf ](https://preview.redd.it/ybxexhbij66a1.png?width=1071&format=png&auto=webp&s=c5f59e3cae88610fc8d3ca74bf20600ade4aca0e) + +It pulled back the curtain on the markets and gave the public a peek at how the gears turn. It showed how unstable, unfair, opaque, and exploitable they are. + +Don't believe me? Read the GameStop report published by the SEC yourself: [https://www.sec.gov/files/staff-report-equity-options-market-struction-conditions-early-2021.pdf](https://www.sec.gov/files/staff-report-equity-options-market-struction-conditions-early-2021.pdf) + +&#x200B; + +[ Section 4. Conclusions - Page 43 - https:\/\/www.sec.gov\/files\/staff-report-equity-options-market-struction-conditions-early-2021.pdf ](https://preview.redd.it/c1mov9bkh66a1.png?width=1199&format=png&auto=webp&s=18f3d6687d100125b2b6baa331656120db7e2302) + +This ushered in a new set of proposed rule changes. Ones that if passed, barring no loopholes/backdoors/workaround exist, have the potential to bring forth large scale changes. + +# Education Should be Encouraged Surrounding These Rule Changes + +There are a lot of pages, they are difficult to understand, and visibility by the public is not usually very high. Individual Investors around the world need the help each other to **digest, share, educate, inform, track, and recommend changes** to these rules. + +This is a large moment in the history of our markets. Which is why I certainly believe every effort you can spare to offer support in whatever way you may be able to (large or small) would be hugely beneficial, not only for yourself, but also for your family, your friends, your colleagues, and everyone around you in the effort to provide a better, more transparent, more informative, and safer market to participate in. + +# This is a Waste of Time. It Will Always Be Broken + +Yes, I agree. The sheer size and amount of complications that exist in the markets will mean that it would be nearly impossible to ensure they function in a perfect manner ever. + +But these rules will make the participation in these markets better for the individuals participating in while waiting for true full scale change to come. (The tech exists today to run automated efficient, and fair markets already, but I won't get into that). This is about improving on what we are utilizing right now. + +# What Can I Do? + +Another incredible thing the event surrounding GameStop brought forth was Dave Lauer's (/u/dlauer) We The Investors Advocacy Group of Individual Investors for Individual Investors. + +There is a new advocacy letter - **Sec Letter #02:Securities Lending, Direct Registration and Settlement/Clearing** \- [https://www.urvin.finance/advocacy/we-the-investors-sign-on-letter-2](https://www.urvin.finance/advocacy/we-the-investors-sign-on-letter-2) + +This letter goes into detail and raises concerns surrounding many transparency issues, unfair practices, and advocates for more control for individuals over their investments. + +**If you can spare the time, please read over the letter and try to understand and then educate and share these changes to help increase the chances of similar change in these areas as the 4 rules that were voted on this week.** + +`--------------------------------------------------------------------------` + +# Enough About the Markets Already! What about DRS? + +As I talked about above, the changes brought forth due to the events that unfolded in GME in Jan 2021 are considered the largest changes to the market since 2005 if approved. + +Something else transpired from those events. That was, and is the spreading of education on the existence of the Direct Registration System, or, DRS. DRS has existed far before Jan 2021, but the knowledge of it's existence or use cases was not widely known before. + +Again, similar to the "few could have anticipated" Jan 2021 events, no one anticipated a large influx of individuals would also come to understand the function of DRS and what it can do for their personal shareholder rights. The fact that it removes the ability for a broker to make money off you by lending your shares out for a fee. Or the ability to directly vote at shareholder meetings on company proposals was not understood by many. + +That new understanding has caused individuals to flock to directly registering their shares and as more education on the topic spreads, more will see those benefits and choose to do so. Especially as the process to DRS continues to become easier to initiate. + +**Want to learn more?** + +[**https://www.drsgme.org/why-register-shares**](https://www.drsgme.org/why-register-shares) + +**Or Want a Guide for your Exact Broker?** + +[**https://www.drsgme.org/register-from-broker**](https://www.drsgme.org/register-from-broker) + +# What is so "Big" about DRS? + +Never before in history has a large group of individuals pulled their shares out of the DTC and registered them in their own names. This isn't something anyone would have ever expected or anticipated to happen and the markets are not prepared to handle them. + +With the rise in the ability to discuss issues and educate each other so easily through the internet and social media, and the awareness GameStop brought to the markets by individuals, something was uncovered. **That was DRS.** + +The recent Q3 release as of October 29th, 2022 officially had 71.8M shares directly registered through Computershare. ([https://investor.gamestop.com/node/19946/html](https://investor.gamestop.com/node/19946/html)) + +This number keeps climbing and with the current way things function, once this number reaches a threshold, there may be another event that again showcases some very extreme issues with our markets. + +I am not going to attempt to predict anything. I just want to raise attention to the fact that this really is something **truly unprecedented** at a scale much larger than an influx of retail just buying GameStop in January. + +Keep in mind, this 71.8M DRSed shares out of 304M shares total is only what individuals went out of their way to register. That does not include shares held in brokerage cash accounts, IRA, TFSA's, 401ks, and other various broker platforms around the globe. + +**Share Ownership Breakdown** + +[https:\/\/www.computershared.net\/ ](https://preview.redd.it/8b3yb1r0q66a1.png?width=687&format=png&auto=webp&s=2f71b25e2699c8dd30406ca908b34fdf086f0136) + +# In Conclusion + +**Rule Changes** + +I urge you to try to familiarize yourselves with these new rules in any way you can, as well as to discuss and debate the content of each set of rules in order to bring up proper solutions to the attention of the SEC through the comment phase next year. + +**Give The Individuals a Voice** + +I also think it would be very beneficial to support the We The Investors movements to fight for changes in our markets. It is a completely non-profit advocacy group and it really is one of the first to gain so much attention and support from individual investors, giving the little guy a word for once. It has already has a positive effect and landed meetings with Gary Gensler to have our voices heard. + +*I do not intend to phrase that as a call to action, please feel free to do your own research and due-diligence on We The Investors before blindly following what I say.* + +**Educate Others on The Benefits of DRS** + +The Direct Registration System provides a "safe haven" for an individuals investments. It removes the ability for market participants to utilize your investments against the company you are investing in because you believe in it. + +Nothing like this has ever happened, nor has anyone anticipated individuals would DRS their shares to a scale of this magnitude with no signs of reversal. + +&#x200B; + +&#x200B; + +**If you made it through, I hope you either learned something, or are inspired to also help make a positive tangible impact in any shape.** + +**Thank you! I look forward to reading through all of the discussions in the comments!** + + +Not my work - copy and pasted from loopringorg sub Credit u/PresenceSalt + +I have been doing some research on the GitHub leak that was first posted on [SuperStonk](https://www.reddit.com/r/Superstonk/comments/qnrmxx/more_leaked_github_code_confirming_lrcbased_nft/) some days back, and every piece of evidence supports that it's an actual change made by a loopring dev in support of a potential partnership between GME and LRC. + +For reference, I am talking about this code: [https://web.archive.org/web/20211028000950/https://github.com/Loopring/loopring-web-v2/commit/de1601d253991fd4c493a8d5629c02c7d38b5e23](https://web.archive.org/web/20211028000950/https://github.com/Loopring/loopring-web-v2/commit/de1601d253991fd4c493a8d5629c02c7d38b5e23). + +***To explain, I'll be using some git terms here like:*** + +* **commit** = In simple terms, whenever some code is changed, it is issued a new ID, which we can be called a commit. This is used for version control and if something bad happens we can quickly jump back to the last ID (or commit). +* **fork** = copy the whole source code to a different account to independently work on it. +* **repository** = The root where the whole project is saved. + +***First of all let's look at why people think it could be fake or a fabricated commit:*** + +1. **The commit is not a verified commit:** A verified commit means that the user who is making this commit is an actual user and not spoofed. This serves as an extra layer security that the source user is genuine - but it's not hard requirement. This means even if it's a real user making a commit, it may look unverified. [This article](https://blog.gruntwork.io/how-to-spoof-any-user-on-github-and-what-to-do-to-prevent-it-e237e95b8deb) explains how this is achieved and how to push verified commits. The important point to note here is the date it was committed: **October 26th, 2021**. +2. **This commit does not belong to any branch on this repository, and may belong to a fork outside of the repository:** On top of the page, it mentions this line, which essentially means that Github couldn't establish any links of this commit to that of actual Loopring's codebase. + +***Now after doing some research, I have a story on what might've happened here:*** + +1. [windatang](https://github.com/windatang) pushed the commit on October 26th, giving it the name of **"NFT feature".** +2. Soon she(or he?) realised the mistake and tried to undo the changes. But GitHub is wonderful. It always maintains the history of everything that pushed. Even if you undo it at your end [Source](cannot link source Superstonk rules - just trust me bro it’s there. But once the commit is undo'ed, it will show "This commit does not belong to any branch on this repository, and may belong to a fork outside of the repository" on top of that commit, because in GitHub that commit still exists, just that its not linked to anything. +3. Now the only option was to delete the whole repository, which they did. But GitHub doesn't delete fork repositories, so we still have that repository under Bachopin's account: [https://github.com/Bachopin/loopring-web-v2](https://github.com/Bachopin/loopring-web-v2), which btw is a loopring developer themselves. +4. Fast forward to November 2nd, windatang pushed [another change](https://github.com/Loopring/loopring_sdk/commit/e92e8189501063494222cbae60a5fb93baa2157a) to official loopring SDK giving it the name of "**NFT feature"** (ring a bell?)**.** This is a real commit, made by a real user to official loopring's code. +5. If we look at the changes and specifically what it's trying to do we see patterns from our original leak. For example, the code where they are trying to fetch NFT URI is the same in both code: `const result = await contract.methods[ 'uri' ](_id).call();` +6. There are a lot of similarities between the two codebases which points to the fact that the code on October 26th was pushed as a part of a demo (given it contains the word *demo* and how unorganized the code is), and on November 2nd, the code was officially made part of loopring's SDK which will be used by GameStop. + +**TLDR:** The GitHub leak was definitely legit because that code is now part of official Loopring SDK. + +Edit: added Credit to main body text. +I just went under contract for a home (PPOR) and I have really been over thinking the past 2 days, especially wondering if I over paid and if I just waited a little longer just incase prices do fall. I've heard it's all normal to have these feelings, but especially tough in the climate we are in with a booming property market and the potential for a huge decline. + +I bought in Brisbane BTW +Collector here. Work autofinance. Hardship applications exploding. Call after call of people losing job, business going under, rent deferrals etc. + +Was an unprecedented surge April and May. Slowed now. I predict it will surge again come September. + +What experiences are you having? +I received an offer letter with with the option to convert part of the salary to stock options as per the below table. Base salary is ₪33K/month (Israeli Shekel). Be aware of '₪' vs '$' in some columns. As of this writing the exchange rate is 1$ = 3.7₪. + +Salary Deduction|Run-Rate Value|Number of Options|%|Value at $3.45B +-|-|-|-|- +₪10,000|$133,333|50.0|0.032%|$1,100,000 +₪8,000|$106,667|40.0|0.025%|$880,000 +₪6,000|$80,000|30.0|0.019%|$660,000 +₪4,000|$53,333|20.0|0.013%|$440,000 +₪2,000|$26,667|10.0|0.006%|$220,000 + +Additionally the letter states: + +Based on current run-rate, price per share is $2,675. + +Exercise price will be at 90% discount of the last (at the time of signing) round price. If you are an American citizen, exercise price will be according to 409a valuation (~$800 per-share). + +**End of Offer Details** + +I would appreciate any help in understanding this information. What I'm mainly confused about is: + +* Does "Run-Rate Value" mean current value or something else? +* Does "Exercise price will be at 90% discount" mean I pay 90% or 10%? +* Does "the last (at the time of signing) round price" refer to the $2,675/share stated above? +* What is the significance of the 4th and 5th columns? +* Does it make sense to forfeit some salary continually and indefinitely, in exchange for a discount in stock? It seems to me, intuitively at least, that eventually the loss in salary deduction will outweigh the gain of discounted stock. +I am an American citizen, what is a 409a valuation? + +Thank you to anyone who can help me understand this. + +Edit - RIP inbox. Sitting down now to read and respond to as many comments as I can. +We dropped from $180 to $100. That basically tells you everything you need to know about how heavily manipulated the stock is. + +Also, RC bought more in the low 100's. Other insiders did as well. Insiders typically do not buy shares to quickly unload them. They buy shares because they are bullish on the future of the company at its current valuation. + +I dont know how many more bullish indicators/news you need. The insider buys, the stock split, and computershared.net are basically everything I need to continue buying and holding. + +(If you need more motivation just look at utilization, shares on loan, and borrow-rate.)⏳🧨 + +Stay strong during times like these, don't let all the noise affect your conviction. + +See y'all on the moon, this is gonna be historic🚀🚀🚀 + +I would also like to say a quick thank you to our stock market overlords for allowing all of us to scoop up more shares around $100 today. I felt like a mini-RC today❤️ +I've only ever sold 2 covered calls which were both tsla weeklies. When that was happening I was a little worried if it went above my strike I have to sell the stocks. But why should I be scared to sell the stocks. + +What I'm wondering is if there is a way you can lose money when selling covered calls. For an example, i buy 100 tsla right now at 762.32 and sell a 780 strike leaps and collect $23000 in premium. If tsla goes to 800 next week and the person exercises I still make the 23000 and also another 1800 from selling the shares at a higher price. + +There has to be a way to lose money selling covered calls but I'm too retarded to figure out how. I can only imagine you can lose money by selling a call for a strike lower than the price you bought at. +I am a shift manager at KFC. I am paid $17/hour. For three paychecks (I am paid biweekly) I did not realize I had been getting paid $15/hour. They have now since fixed it, but are putting the blame on me for not catching their mistake sooner. My district manager told me they will not pay me for those three paychecks where I was receiving the incorrect rate. + +Is there anything I can do? I am cautious of contacting Human Resources. I was advised to keep as big of a paper trail as possible. + +EDIT 1: Appreciate all the responses. Sorry if I didn't respond to everyone, but I read every single comment in the thread advising me. Thank you very much. + +EDIT 2: Have emailed HR with my paystubs where my pay was incorrect, officially requesting a back pay of the amount I am owed (in gross amount), as well as providing as many dates and documentation as I possibly could. HR said they will investigate and I am now awaiting a response. I also well aware that I may lose my job over this, thank you for the concerns everyone. Will begin to look for new jobs. + +EDIT 3 / Final Update: Thank you everyone for the help. HR called me this morning. They apologized and said they spoke to all the parties involved (the same people who said they couldn't do anything...) and that "they don't know how that happened." Said I would be receiving a complete back pay of everything I'm missing on my next check. Everything is closed to being resolved, gonna send a follow up email detailing everything that the HR spoke to me about so I can keep it on record. But safe to say, I think I got the justice I deserved. Learned a lot of life lessons from this thread, thank you once again! +I think the total list includes some 8-10 people in the entire country. This is bizarre! Why do you think that is and what do you think can be done to increase this number? + +99% of the advisors associated with banks aren't fiduciaries and people have no idea that they are only salespersons to get people to over-buy their services. +Hello everyone, + +I am using DEGIRO and I want to find a good S&P 500 ETF to invest monthly, side by side with my stock picks. + +I have found this one IE00B5BMR087 and this one IE00B3XXRP09 + +Which is one the "best", if such thing as best exists. + +Also what should I read in order to educate me on the matter of ETFs? + +Thanks a lot! +Hey all! + +I am an Icelander currently living in Malta. My long term goal is to live and work in several different countries, many of them within the EU. +I am currently using Revolut but it does not seem to offer any options for savings accounts and from what I can tell I will never be eligible to take a loan anywhere while all my money stays with Revolut. + +I was wondering if I could get some general advice for banking within the EU, is there a better option than Revolut? Should I just transfer money to my Icelandic bank every month? General advice for saving while living all over the place, or all over the EU at least? How should I plan for my retirement? +Hello, + +like everyone who is in a similar situation, I am currently wondering what to do with the approximately 100k EUR have in the bank. The worst thing is if I have that in cash, that much is clear to me. + +I am generally investing for 10+ years, but right now I am more concerned about inflation. + +**About me:** + +* 30 years +* from Slovenia +* no children +* no debt +* without real estate +* approx. EUR 1500 monthly expenditure +* approx. EUR 4000 monthly income + +**Wealth:** +Bank: 100k eur +VWCE: 250 units +Crypto: a couple of thousand EUR + +**Monthly investment:** +VWCE: 4500 eur +Crypto (BTC, ETH, one random from the top 10): 500 eur + +If I continue with this investment, it seems to me that at the end of the year I still have too much left in the bank and I leave too much to inflation. Should I increase my monthly DCA? Should I make a bigger one-time investment? Into what, VWCE? Any other recommendations? + +Thanks for the help! +Likely that this has already been answered; however, I’m having a hard time finding it on the sub. + +44M, 10M NW, 6M AUM + +Each month I take a 30K draw from my investments to fund my lifestyle. $360,000/annually. I could quickly reduce this, but let’s set that aside for now. + +Since selling my business a year and a half ago, I’ve gone through two different, reputable financial advisor firms— both recommended by my bank. + +Both of these firms did a basic financial plan for me, got me invested in a balanced portfolio, and hooked my account to some software they use for automated trading. Neither did any proactive updates to my financial plan, and they rarely met with me. + +The first one I fired due to the lack of communication and timeliness getting back to me. They would take 3 to 4 days to answer the most straightforward questions. + +The second one, I’m about to fire because of unkept promises. They claimed they have this massive team of advisers that they run all questions through, yet they gave me, IMO, lousy advice—later to find out they had all the info but didn’t run it up the chain to verify. + +Now I am interviewing more financial advisors. + +They all claim they will do the same for me, financial plan, balanced portfolio, tax planning, CPA, Estate Planning, finding insurance coverage, the best client service, etc. + +They charge a percentage of AUM, starting at 1% on the first 1M and scaling down for each M above that at an avg rate of 0.85%. Of course, I know I can negotiate their rates. + +I would be paying approximately $50k annually for their services. The investments they get me into sit there all year and seem automated through some software. Same with my monthly draw, this appears to be automated as well. + +I have a hard time believing that their services will pay for themselves. Am I wrong? + +I also need help understanding where I should set my expectations. + +What if I kick them out and split all my funds into a few balanced ETFs and mutual funds that track the overall market? + +I have become much more financially literate over the past year and a half. But at the same time, I am busy with my second start-up and don’t want to have to manage my portfolio daily. + +Thank you in advance. Any advice on how to frame this in my mind? +How do you think it will go? Who will be smacked down?! Who will walk away the champion!? + +No but really. I'm very excited for the outcome as I feel this might bring light to not only the whole GME thing but how it will progress moving forward. I know a lot of people on this sub have been saying "oh next week for sure!" Or "to the moon tomorrow!" But let's be real. Who knows?! + +Let's take bets! What do you think will happen during the hearing? + +Edit: I see a few people asking so here is a link to the hearing https://financialservices.house.gov/live/ it will start on Feb 18th at 1200 ET. + +Edit 2: wording. +Financial Planner here. In light of the current environment, there is a lot of uncertainty about the next few years, and this is a great time to hash out a plan or update an existing one. However, please, make sure that you or your financial planner accounts for inflation properly. Inflation has been extremely low since the financial crisis, and with such robust economic stimulus in 2020 we could see a sharp rise in inflation over the next 2-5 years. Most financial planning software (mine included) default to 1.9% inflation. It is never a bad idea to override the system and make a conservative estimate of around 2.5%, even 3% inflation *in order to* *not overestimate your returns and underestimate your future expenses*. This is especially relevant for people planning to retire within the next five to ten years. +I have been struggling to pay off this $3k in credit card debt that i have been paying interest on. I've been contributing to my 401k for about a year with a $60k salary. Because of COVID-19, i am able to withdraw my money from my 401k without paying any fee (minus 7.75% federal tax). Realistically i wont get this debt paid off for over 3 months. Would this be a good idea? +I'm a U.S. Citizen living in Europe who has been itching to buy property in the States for several years now. I've been pretty much in analysis paralysis for months because it's so hard for me to wrap my head around how I can make a good investment while being so far away. + +I've read "Long-Distance Real Estate Investing" by David Greene (from Bigger Pockets) but it honestly just made me feel like finding a good deal and making a decent return is extremely difficult while living thousands of miles away. + +Does anyone have any success stories about investing in the U.S. while living abroad? Could you point me to some valuable resources to help me go about the process better? + +I don't plan on becoming a full-time investor. I just want to start with one property while keeping my day-job in Europe. +I've been seeing a lot of millionaire stories lately where a good part of the advice is waking up early, reading all the time, networking like crazy and working your way up the ladder. + +I've simply never been that ambitious, and what really attracted me to financial independence in the first place was that I could achieve it without all the normal career ladder garbage. I'll break down what I think got me to FI below. + +* I've never been exceptional, but I found and moved to jobs that paid more. I think a key here is not being scared to move on, whether it be to another state or another job. Also, forget finding a job you "love", find something you tolerate that you are above average at. When you move, don't forget to roll your 401k over to Vanguard, Fidelity, or Schwab and invest in low expense ETFs. +* We waited to have kids. You don't have to be FI first, but have a solid emergency fund, no high interest debt, and a retirement fund started. +* I've never been a great stock picker, but I didn't get scared and sell all my investments when the headlines screamed Armageddon. Quite the opposite: in 2009 I had negative equity due to the housing crash, but I quit all my expensive hobbies and doubled down on saving. When your nest egg gets bigger, be relentless about expense ratios of your funds. +* Make more money, but keep your expenses the same. Frugality is easier if you freeze your standard of living than it is if you have to cut back. Where you do splurge, don't make it a recurring, unavoidable expense (spring for better hotel on a vacation vs. a BMW. A nice bike instead of a 4x4 that needs insurance/gas/repairs). +* And #1 key was a wife who made a decent income, and who was the "saver" of the relationship until I went hardcore and surpassed her! +I'm 23 on a salary of about 40k, while my partner is earning approximately double that. She is a full time employee and i am casual. I've got no savings and pay insane rent. + +Basicially, been part time studying Medical Science for a few years now and i have consistently seen the salary brackets mentioned for relevant careers sub 80k. This is scaring the shit out of me. I like Biology and STEM but as i get older money is unfortunately becoming rapidly more important to me than enjoying what i do. + +I also dont mind that my partner makes more than me, but the current margin bothers me greatly and i wish to contribute as close to 50% or more as i can. We dont currently live together but down the line would obviously love to. + +Should i stick the course, finish out my degree and hope for the best? I really feel quite lost as i've been poor all my life and really want to own a house, travel etc etc + +Is it too late for me to start a new profession? Whats the best direction to head? Is there such a thing as career advisors for adults? +I was wondering if a health insurance can deny claims in the grounds of concealment of diseases bit in reality we ourselves are not aware at the time of policy issuance. + +For example lot of folks have latent hypertension but unless they are getting full body checkups done every year they will not know till it becomes an issue. + +How does "Good Faith" In insurance works under such cases? +Who has used/read/been amazed at the sheer amount of info from the 80s-90s video game era? Where every single step, item, conversation, outcome, and character info was recorded by hand using just a simple word document (or text edit). + +These are the type of people who are willing and able to go through shit piles of documents, typically never read or used. But now, it's researched, posted, shared, edited, and researched again with another batch of info. This entire sub is a massive research project. + + There's a reason hedge funds will attempt to redact or hide info from public disclosures here on out. + +Hedge funds are going to continue to manipulate the market illegally, because they know they will lose it all, so they will take down as many organizations with them as possible, all while blaming retailers. The squeeze will be pushed as far back as possible, until barely anyone expects it. + +What they'll never understand is that the vast majority of retailer investors aren't having their lives affected day to day with investing, because we already figured out how to live pay check to pay check, thanks to billionaires anyway. + Things have been a bit messy on BSC lately, but I found this token recently that I think shows a lot of long term promise… + +It’s got a total maximum supply of 500 million tokens, a 3% redistribution rate, and it just got listed on WhiteBit after only being around for 3 weeks. + + It’s done a 400x since launch and there have only been healthy corrections on the chart, so we have more than enough evidence to tell that the team behind it is legit and not a bunch of rugpull artists… + + Their project is centered around Virtual Reality gaming .. specifically, the team is building a Virtual Reality Casino in which their token is supposed to be used as the currency. I’ve spent a lot of time in the Discord and chatting with the community.. and this thing looks super promising… + + Definitely a long term play for me. They just got listed on WhiteBit on April 12th and have had a small price drop post listing… so it’s looking like a very VERY good entry point right now... + +Here’s the contract address if you’re interested: 0x651BfbB26455294408Aabc61a7ADF427bf149898 +Hello apes, + +&#x200B; + +1. If you look at the 1 year and 6 month charts for GME, it's obvious hedgies were having issues keeping the price spiking up and down between 30-40. The price was less controlled and more erratic. Lots of new laws and rules were passed in this time as we all know. +2. Between September and December the hedgies shorted but then kept the price between 25-30. +3. From December - now, hedgies have managed to short and control the price at an even 20 (for ease) but we are now seeing drops as low as 18 - which could be 15 soon enough. +4. With the ongoing recession, we must consider the possibility of the price dropping to between 10-15. + +Hedgies, with their numerous and illegal techniques have found a way to control the price (for now.) + +**Now for the important part....** + +I'm here to tell you this is their final tactic. They hope we will sell, seeing our investments fall. They hope the failing economy and worldwide recession will trick us into thinking it's time to get rid of our shares. They had a plan to slowly drop the price, making our sentiment bad - trying to drain us psychologically. The gradual decline of the share price was/is their last plan. You need to realise this. They are on their last legs. + +And we, we are unmovebale. Our skin is so thick from all the crime and let downs that we hold out of loyalty, we hold out of disgust for the system. We hold because we choose to believe in Ryan and the company. They are so scared of DRS and what happens when we lock the float. They know their clock is ticking - and that they are fucked. + +**You are all doing amazing. Keep being awesome and DRSing/booking your shares.** + +**TLDR** \- This year will be the year that we show them how strong we are. It may appear they are winning - but we are actually winning. They are scared and doing more illegal things every day to control this bomb. The more they short, the quicker we lock the float. Their tactics might scare the odd regard away - but the shareholders believe in the company and we unite against the mass crimes of the government, the banking system and the hedge funds who so desperately want us to sell our shares. We will continue to DRS and mark our shares as Book entry and they will pay for their abuse of the system. +House appraised for $350k last week and it's paid off. House is two family that pays ~$15k/yr rent, which I haven't raised in 5yrs. Taxes/Insurance/Water for the house is ~$6k. + +Health insurance seems to be the big obvious problem. +Decided to have a look at what we could learn about the Tether hack from the blockchain, the coins are still moving around so I may edit this later as this develops. + +It actually starts with this wallet here: + +https://www.walletexplorer.com/wallet/12f4885dad525cc1 + +Look familiar? Go to the last page, that was the wallet used to steal 19000BTC from Bitstamp back in January 2015 (and which was still receiving coins from Bitstamp as recently as September, well done guys). + +This wallet made two transactions, the first is fairly innocuous but I'll come back to it later: + +https://www.walletexplorer.com/txid/7b46c7e412b1f1e93ff0aa67232457dde3fb6e91f4c61e025a97e56290049050 + +This address then sends out a further 0.01BTC: + +https://www.walletexplorer.com/address/1LBQpqUTEmdPTH8adaV6xS8KQt6FGCD3xD + +The following morning it sends 0.01 to the address that was several hours later used to empty the Tether wallet: + +https://www.walletexplorer.com/address/31okFF1rUu8jjPEVuajycTRBp82Nteo4Mv + +I'm not quite sure why they would make a deposit like this to it hours before - perhaps to test that everything is working? + +*Edit: I believe this was actually to ensure they had BTC for transaction fees moving the tethers around* + +At 10:53, the wallet makes several transactions transferring 23 million tethers from the tether wallet: + +https://omniexplorer.info/lookupadd.aspx?address=31okFF1rUu8jjPEVuajycTRBp82Nteo4Mv + +Then at 11:10 they transfer another 7.9 million tethers. A further 50,000 tethers are transferred over at 11:54. + +At 12:01, 5BTC (the bulk of the bitcoin in the tether wallet) is transferred over to the same address: + +https://www.walletexplorer.com/txid/e7e09cd092a5febdcae6b2ec76b06389c29298ed237dd1f210e1e54f096f1f92 + +These tethers are then transferred over to the address in the Tether announcement as their relevant blocks are confirmed. + +https://omniexplorer.info/lookupadd.aspx?address=16tg2RJuEPtZooy18Wxn2me2RhUdC94N7r + +The 5BTC is also transferred to this address in amounts of roughly 1BTC per transaction: + +https://www.walletexplorer.com/address/31okFF1rUu8jjPEVuajycTRBp82Nteo4Mv + +Following the BTC along, you arrive back at an address from before, which is confirmed to be part of the wallet holding the stolen Tether: + +https://blockchain.info/tx/eeaf8b9c6288c28c481d6e37d687b5c42b0222fb3d8a73bdca81c1a12243c579 + +It's worth noting that this same address was just used to create an Omni token called lioncoin: + +https://omniexplorer.info/lookupsp.aspx?sp=2147484016 + +The BTC from the tether wallet ended up in these addresses: + +https://blockchain.info/address/1HtmVRdFRqPScH7Ud6UFR6HUcndksjVmua + +https://blockchain.info/address/155KG55pRsV1Y9jdwwynfGHGqR9cqPKToB + +https://blockchain.info/address/1M8b8BNMEMFFem9UQpZydoespHzXjAnC9t + +I will update this post as more develops. + +*Edit 1* + +This wallet from the Tether and Bitstamp hacks seems to be owned by the same person who took 12000BTC from Huobi in late 2015, interesting... + +https://www.walletexplorer.com/wallet/002d28cac852fc7d + +*Edit: Huobi are saying this is not a hack, so who knows why 12000 or so bitcoin was withdrawn from their exchange and combined with the coins from bitstamp [see here](https://www.walletexplorer.com/wallet/002d28cac852fc7d) before being passed through several more wallets and onto BTC-e in batches of 1000 or so.* + +Before he was taking thousands of BTC off exchanges and sending it to BTC-e, he also used to sell much smaller amounts on Localbitcoins. + +https://www.walletexplorer.com/wallet/02f08eddae4ba788 + +https://www.walletexplorer.com/wallet/f4b4c44dd6a146fd + +https://www.walletexplorer.com/txid/0e9ae0a86dafc3a8dde0578871e51212c1e962ebf5a3306904b4e2eca25e0ba6 + +So Localbitcoins guys, if you have a log of who was using [this address](https://www.walletexplorer.com/address/1EvTV4ySZbwwsRfL6T723cg1iiFASJbqH3) back in 2015, you've got the hacker ;) + +*Edit 2* + +So I was [asked](https://www.reddit.com/r/CryptoCurrency/comments/7eho5y/tether_was_hacked_by_the_same_person_who_hacked/dq558sd/) whether this could be an inside job. + +Well, maybe? I don't think there's enough evidence from chain analysis alone to draw a conclusion. + +Some of the transactions which funded the lioncoin address came from an old Bitfinex wallet, and [some came from the bitstamp hack address](https://www.walletexplorer.com/wallet/6b1a2139799a82b8). Bear in mind that this is [part of the same wallet](https://blockchain.info/tx/eeaf8b9c6288c28c481d6e37d687b5c42b0222fb3d8a73bdca81c1a12243c579) that the stolen tethers were sent to. + +Also if you look at the [tether address](https://omniexplorer.info/lookupadd.aspx?address=3BbDtxBSjgfTRxaBUgR2JACWRukLKtZdiQ&page=1) you'll notice that when other blocks of tether were released they were quickly transferred to the Bitfinex wallet, with this 30 million being the exception, that said in prior months they had regularly left millions of tether in this address for days at a time, so this isn't necessarily a red flag. + +It could be that the attacker had access to the main tether issuance address (3MbYQMM etc) or it may just be that they noticed the 30 million tethers sat on the wallet that they could manipulate. Presumably Tether know whether or not they intended to make [this](https://omniexplorer.info/lookuptx.aspx?txid=dbde10653dd7f459260c11e2a80ae887f7c72e5bfd22f5d908b489dd430be764) transaction. Without knowing that we can only speculate on whether the compromise went beyond the address that was emptied. + +*Edit 3* + +There is a post [here](https://www.reddit.com/r/Tether/comments/7ei568/tether_return/) in which a /u/bitconexfoier1 claims to have bought 10M tethers, and provides an address that [received 10 million tethers](https://omniexplorer.info/lookupadd.aspx?address=13kyHqsbtZpRHDNSdXWniJiCZPvRtMjVao) (now invalid) from the hackers. [archive link](https://archive.fo/408n8) +Been watching this one for a while now. + +**GreenPower Motor Company Inc. is a Canadian electric bus manufacturer. The company fabricates multiple models of high-floor and low-floor vehicles, including transit buses, school buses, shuttles, and a double decker. +GreenPower employs a clean-sheet design to manufacture all-electric buses that are purpose-built to be battery-powered and zero-emission. +GreenPower is headquartered in Vancouver, British Columbia, with primary manufacturing and fleet operations in Porterville, California. ** + +They have a complete transparency with their business models, future plans as well as their financial portrait on their site. + +https://www.greenpowerbus.com/investor-center/ + +They apparently have some contract with some Californians cities as the state wants to implement further fully electric vehicle transportation in their counties. + +You might wanna chime in and get some as it currently sitting at 2.17 +GPV for the Canadian Market and GPVRF for Over-the-Counter Transactions. + +The big news is that while it seems to be currently growing, they plan on listing the stock on the NASDAQ,thus giving American Exposure to the stock. + +Edit: For those who still wanna get on the train, it is not too late. Right now it is probably being pumped and dumped but get some at least before it hits the US Market, as then the the hype value might reach its peak. + +My biggest fear right now is a potential stock split/dilution when entering the below market, reducing share values but thats really a company worth supporting IMO and commission free on WealthSimple! +$BBBY is still on reg sho right? and is listed as being shorted 102%. The announcement an hour ago stated that $BBBY most likely isn't going bankrupt within the next year. Or did everyone think they were putting money into a towel company that burns cash because of fundamentals lol. Share offering is less than 2%. How is this not bullish when you take emotions out? + +I remember last week everyone was hyped as long as they: had a loan secured, with no imminent bankruptcy one week ago. + +No bankruptcy = squeeze + +Please let me know why I'm wrong. I want opinions that challenge my train of thought. +Franklin released a press statement today for the write-off they did last week. It says a segregated portfolio will be created which will act as a sub fund. But this will happen only for the existing investors. What confuses me is this got approved on 24th of Jan while write off was done in 16th of Jan. What will happen for the people who invested between this duration? And how will people track this sub fund. Will it be available as a new closed ended fund? +Not a professional. Still learning all about the industry. Do correct me if required. +[Statement Link:](https://www.franklintempletonindia.com/downloadsServlet/pdf/media-statement-segregation-of-portfolio-january-25-2020-k5teijr2) +I need some serious HELP with one of the investments my father did on my name some years back, and it's being paid annually. +Name - HDFC Life ClassicAssure Plus +Premium Frequency - Annually +Start Date - 2016 +Policy Tenure -10 years +**Premium Amount - almost 50K** +**SUM ASSURED it's showing - almost ₹2.4 Lakhs** + +**Amount paid around - 3 lakhs** +also says something like CLASSICASSURE DEATH BENEFIT - 2.4 Lakhs + +Now this policy is been done on my name and I'm in my twenties. I had no idea about this till this month, I'm terrible at understanding the policies of insurance terms. Can someone please guide me with this? +38 single male here and I recently blew through my lean FIRE target of 1.5MM and am sitting at 1.7MM. I'm finding that work isn't particularly stressful and just waiting for financial milestones to pass at work is tempting. ESPP, RSU vesting, and bonuses are spaced out through the year such that it feels like a carrot dangling in front of me. I do understand that time is the ultimate non-renewable resource but I guess the fear of plunging into uncertainty and the ease of accumulating more wealth quickly is the comfortable and convenient option. + +Can anyone out there share anecdotes of when and how they pulled the trigger? Was there trepidation and how did you get over it? How did it turn out? +I owned 10 long options, with a strike price of 48. I closed those 10 options on Friday. My account registered nothing unusual. However, this sell to close order was processed 3 times for a net sell of 20 naked calls at 48. Despite the fact my account is not cleared for naked selling of options. However this did not appear anywhere in my account until the weekend. + +On Sunday I was told I was assigned a 2000 short position on the stock as 20 naked calls were assigned to my account. + +When I checked my filled orders, everything looked normal. However, when I checked my history my sell to close transaction was processed 3 times, with a transaction corrections notation. Even though all 3 were listed as sell to close. + +I called on three different occasions, all three of those times they said there was bug, and they would have it fixed before market opens on Tuesday. + +It was not fixed, the market opened and closed, strange things happened in my account, but nothing got fixed. + +Called again and they were less than helpful, telling me I now had to file a claim or talk to people who were currently unavailable. They have made no attempt to contact me, and given me no guidance on what I should do with this giant short position in my account, which I do not have the financial means to close. + +I have proof in the form of screen shots, not to mention my account is not allowed to sell naked options in the first place. + +If you use TD Ameritrade, be very careful right now. + +*reworded for clarity. + + +EDIT#1 Talked to someone from Margin claims. First person who seemed to know what was going on. They said it was a error with experation processing. That once again they will be trying to do a patch today and hope it fixes it, they have tried several patches and many clients are still effected. That the position is not a real position, but a reporting issue. That I should under no circumstances try to close the position as it is not real. It was helpful, but seeing this bomb in my account losing money is still stressful. + + +Edit #2. Talked to someone today who said it will be manually fixed today. A few hours ago, still not fixed, but hopeful. + +Edit# 3. Problem seems to finally be fixed, but will have to look and see if it all adds up. +Alright you retards, I'm taking the initiative to clear the air. I'm probably going to get a lot of downvotes, but I'm going to be straight up honest here. + +We are not a team, this is not a cult, and this is not fucking collusion. + +GME, AMC, & CLOV are three completely different plays. Stop fucking comparing the 3 with this cult like attitude. + +**GME** \- Was being shorted because as per "technicals" it was a company that was going to shit (bankruptcy) if they didn't change leadership and incorporate strategic changes to their business model aka E-Commerce and the like. Additionally, the biggest reason GME picked up in late December/early January is because it had a ridiculous/unprecedented short interest of %140. Making the short squeeze extremely likely to occur. The stock picked up, gamma squeeze and short squeezes occurred and it's still the play to this day. Why? because the remaining \~15-20% short sellers still holding their positions are the same ones from the beginning who have accumulated billions in loses, thus still considered a major play + the company making big changes to their board of directors, adding e-commerce and more etc. + +**AMC** \- This stock sucked dick when it was first picked up. The only reason this stock got picked up was because of nostalgia and because of people missing out on GME. The SI% on AMC back when GME rallied up was well below 20%. This company as well was on the verge of bankruptcy. It got picked up by the supporters like us apes and more shorts loaded in. AMC due to the retail investors "Picking" this stock to rally up actually has started to work on their business model and accrued $1B in investments and has started to really concentrate on building the business into a success (hopefully). When the CEO said the talks of bankruptcy are no longer on the table, is because even they knew at the time that filing for bankruptcy was a real possibility for the company. Again, the CEO has fucked over investors in the past by trying to continually dilute the float with adding more shares. On top of that prior to the stocks rallying up the board and CEO's paid themselves handsomely when the company was about to fail. Now, the narrative is different for AMC as the shorts that are in this stock are the same ones from the beginning and have also accrued unrealized losses. Also, seems the company has really pivoted to reconstruct their business model to become a success once COVID-19 is no longer hindering the world from being normal again, thus, making AMC still a very big play. + +**CLOV** \- Was ridiculously shorted the moment it hit IPO. This had nothing to do with GME or AMC. The short interest on CLOV has been there since IPO. The play for CLOV is that it's a Medicare Advantage Disruptor, and provides a real use case and a cost effective solution to the traditional Medicare Advantage sub-segment that hasn't changed in ages. This stock has a large short interest, now probably greater then AMC and GME combined, low float, no debt, and has a very bright future for growth. It's also heavily invested by Alphabet (Google) and other major players. The firms shorting CLOV are not the same as those who shorted GME and AMC, separate that from your minds. + +Yes, Melvin Capital, Citadel and others targeted GME and AMC, but this has no relevance to CLOV. No one gives a fuck, a viable stock that has a potential to disrupt a market segment that is also heavily shorted is the play for CLOV. That's it, simple as that. + +All 3 of these stocks are completely different plays. Yes, a short squeeze and/or gamma squeeze will always be appreciated on any stock. But get this through your heads, THEY ARE NOT THE SAME PLAY! They are completely different in respect to each other. + +WSB is a casino, we're here to place bets and hope for the best. This is not a team sport, this is not a cult, and this is not collusion. + +If you don't like a stock, then don't throw money at it. But stop with the shilling and the cult attitude predominantly from GME and AMC diehards that can't grasp that WSB is a casino and not a subreddit solely about GME or AMC. (I'm not talking about GME and AMC holders as a whole, most of you are chill af, just some that are constantly shilling everything with a ticker thats not GME or AMC). + +Now with this shit said, I'm a big supporter of all 3. But for fuck sakes they are not the same play, stop comparing the 3. + +Don't forget AMC dropped to $6 and AMC bagholders were bag holding for months before it moved. GME dropped to $40 and GME holders were bag holding for months before it moved. + +Everyone needs to chill the fuck out, play your plays and keep it moving. Stop shilling shit and comparing shit when they're not correlated at all. + +BB and NOK became "Meme" stocks because fundamentally, they were undervalued for what the company actually does and where they're positioning themselves for the future. + +People just need to stop comparing and having these debates. 3 stocks, 3 completely different plays, fuck off and throw your money at which ever stocks you like and hope for the best, just stop with the comparisons and cult shit it's ridiculous. + +Also, the short squeeze is nowhere near in sight. You think the short sellers are dumb as fuck? They're going to wait until inflation hits and fucks up the whole market. They're probably betting that once the market goes tits up, people bag holding these stocks will sell, why? Because they anticipate people will need to pay for bills, mortgages/rent, their children etc, and with the cost of living, cost of commodities inflating due to inflation, I can easily see how they're going to hold onto their positions (shorting these stocks) until this occurs. They're banking that when shit goes tits up, the investors in these stocks will also go tits up and FUD will kick in causing massive selloffs. (My personal opinion). + +Some plays on WSB are value plays, short squeeze plays, gamma squeeze plays, undervalued plays, oversold plays, etc the fucking list goes on. + +WSB is a god damn casino, so treat it as such. I wish you all the best and many tendies, regardless of what you're invested in. Downvote me to oblivion, idgaf. + +**Important update**: I want to say thanks to everyone for the awards, upvotes and comments. + +I want to clarify some FUD here after the traction from this post. When I was referring to \~15-20% short sellers for GME I **was not** referring to short interest or the "naked" shorts everyone is talking about. Simply, that the original short sellers that are still in their positions haven't closed out their positions yet, same goes for AMC, and the big MOASS that everyone is mentioning is not what I meant when I said gamma squeeze or short squeezes. I was simply referring to when GME spiked to $438 and months after again to $330. I wasn't talking about the big MOASS. + +I've been on WSB since December 2020 but only joined on January 28th, 2021 when I felt like I wanted to start to contribute myself. I was here before there was 500k members. I used to only use reddit to view posts and discussion and never really felt the need to create an account until I found stock/investment subreddits etc. Hopefully this clears some shit up. Again, the purpose of this post was to explain why these 3 stocks are not the same and shouldn't be compared to each other and for people to stop shilling others and having this "cult" like attitude/behaviour. + +Oh! and the reason why my post mentions GME, AMC, CLOV is because it was the 3 top tickers on the thread for the day this post was made, 07/06/2021. + +Cheers, +Long story short I’m going to be short on money until my new job starts. I’m doing what I can with side jobs until the first paycheck comes in but I know it’s definitely not enough to pay the bills. + +If I have to skip paying bills which would be the best ones to skip until I can get caught up? + +We have car loans, credit card debt, student loans, and a mortgage. + +My parents co-signed on the student loans so I really don’t think I should skip those for their sake. + +Also, I have a toddler home with me right now, what are some quick ways to earn cash? I’ll take any advice I can get cause I am panicking. + +I can turn in one of our vehicles but that means I’ll have no way of transportation while my husband is at work. I know it’s temporary but it’s really stressing me out. + +I want to get this new job, pay off all my debt, and start being better financially. +I have blown through so much money over the last several years because I always think,” Oh I can buy this burger its only $12!” or “$25 to Uber somewhere? Yeah sure whatever!”. Then it adds up over time and I end up spending $1000 on whatever. + +I remember as a kid thinking it was so weird how my parents would hold off on buying soda at the restaurant to save money, but I’m really starting to wish I could have that same mindset. + +If I purchase something that’s $50-100 I usually am super careful about it but for some reason anything below that and I’m not worried about it because it’s only this $30 this one time not a big deal. +Taxpayers who owe tax and file their federal income tax return more than 60 days after the deadline will generally face a higher late-filing penalty. Ordinarily, the late-filing penalty, also known as the failure-to-file penalty (FTF), is assessed when a taxpayer fails to file a tax return or request an extension by the return due date. This penalty, which only applies if there is unpaid tax, is usually 5 percent for each month or part of a month that a tax return is late. + +If a tax return is filed more than 60 days after the April due date -- or more than 60 days after the October due date if an extension was obtained -- the minimum penalty is either $210 or 100 percent of the unpaid tax, whichever is less. This means that if the tax due is $210 or less, the penalty is equal to the tax amount due. If the tax due is more than $210, the penalty is at least $210. The late-filing penalty will stop accruing once the taxpayer files a complete and correct return. + +The FTF penalty does not apply to the Taxpayers who met this year’s April 18 deadline to file their individual tax return. It also won’t apply to the Taxpayers who asked the IRS for a six-month extension of time to file, as long as they file by Oct. 15, 2018. + +In addition, the IRS urges Taxpayers to pay what they owe to avoid additional late-payment penalty and interest charges. The late-payment penalty, also known as the failure-to-pay penalty (FTP), is usually 0.5% of the unpaid tax for each month or part of a month the payment is late. Interest, currently at the rate of 5 percent per year, compounded daily, also applies to any payment made after the original April 18 deadline. + +After a return is filed, the IRS will figure the penalty and interest due and bill the taxpayer. Normally, the taxpayer will then have 21 days to pay any amount due. + +[Penalties for individuals, at IRS.gov](https://www.irs.gov/businesses/small-businesses-self-employed/understanding-penalties-and-interest) + +[Source, at IRS.gov](https://www.irs.gov/newsroom/missed-the-tax-deadline-and-owe-tax-file-by-june-14-to-avoid-higher-late-filing-penalty) +Hi guys, I've been investing in dividend companies since 2015. Since then I've been putting over half of my salary into these investments. I'm 30 years old, and I work as a marketing manager in a tech startup, where I make about $90k / year. + +In September 2015, I made $58.65 in dividends. + +In September 2016, I made $208.26 + +In September 2017, I made $561.74 + +In September 2018, I made $1176.54 + +In September 2019, I made $1541.01 + +(Keep in mind those numbers are just for one month, september, which is a high-dividend month since it's the end of a quarter) + +My expected 2020 dividends are: $13,421.85. This means I've hit the $1000/month milestone! + +Total portfolio value as of right now: $475,456.55 + +I totally love dividend growth. My best stock purchases were good companies that had their stock price beaten down. Like T, MMM, ABBV, CVS, MO -- they can give me some very nice principal growth, not just dividend growth. When good companies are on sale, I buy as much as I can! And there's \*always\* something on sale. + +My largest holding is T, at about $15,000 -- which is only about 3% of my portfolio, since I like to be very well diversified. + +I also have a lot of REITs like O, KIM, SPG. O is kind of expensive now but it's just such a good company. My worse buy is SKT, which is down to $16 now, since I bought it at $24. I'm buying more now that it's lower, since I think it's still a good company. + +Not all of my portfolio is dividend-payers -- I also own some tech companies, like OKTA, AMZN, AMD, BABA -- these just get me exposure to possible growth. AMD has been my best buy so far, since I bought it at $12, and it's now $38. + +I have over 60 holdings. I accumulated so many because I just really like buying things when they go on sale. And usually that's only a small window of time when good companies are on sale. Then, when the price goes back to normal, I don't buy any more. I just keep the stock, collect divs, and look for other companies on sale. Maybe 60 companies is too many, and I should consolidate some of the more mediocre ones. + +I'm happy to be on this dividend journey with you all! +1. Put 75%+ of your stack in MEW / Ledger Nano + +2. "Diversify" 10-15% with other coins if it makes you feel better + +3. Day trade with the rest to feed your urge. You will most likely lose money here but it is a good way to learn technical analysis. Consider it tuition. + +4. Use your newfound TA skills to determine what are dips, and buy those responsibly. Remember you still have other sources of income. + +5. Realize that you have a life, passions, and a career outside refreshing Blockfolio every 15 seconds, and go back to pursuing those. + +6. ???? + +7. PROFIT! +I have been studying the greeks and option pricing theory and have a small doubt that I'd like to clarify. I apologize if this is a stupid question: + +When a call is in-the-money, an increase of $1 in the stock should add $100 in intrinsic value to the option. However, the deltas of ITM calls are usually less than 100, which means the option's value will rise by less than $100. The only reason this could happen is that the extrinsic value of the call falls a bit while the intrinsic value rises by $100, leading to a net gain of less than $100 in the value of the option. + +Am I right in right in thinking this? Is this also why deep ITM options have such less extrinsic value? +When in fatFIRE territory, does the amount of bonds in terms of dollars vs percentages make more sense? + +Example: + +$5.6M Equities / $1.5M Bonds is about 80/20 + +Dumping more money into equities and moving away from 80/20 seems to be an acceptable path as the 1.5M allows one to pull 200k+ (or less) for 7.5 years. That should be enough time to recover from any SORR scenario. + +It seems odd to me to keep adding to my bond portfolio with the minimal return and considering that I can live off the bonds for 7-10 years (depending on spend). + +This seems more of an amount vs a percentage. + +My SWR is going to be around 2.5% - So roughly $175k before taxes. That is where I got the 7.5+ years. As equity rises, I would increase SWR to about 3.25% + +Thoughts? + +&#x200B; + +EDIT: Thank you all! This has been a great discussion and really has given me way more than I expected in terms of feedback! +>Amazon.com Inc (AMZN.O) said on Thursday it was searching for a location to build its second headquarters in North America that would cost more than $5 billion and house up to 50,000 staff. + +>Amazon said the new headquarters should ideally be located in a metropolitan area with more than one million people, potentially giving the company a shopping list of more than 50 cities to choose from. + +>The project would initially need more than 500,000 square feet and up to 8 million square feet beyond 2027, Amazon said. + +>“We want to find a city that is excited to work with us and where our customers, employees, and the community can all benefit,” Amazon said. + +>Amazon expects the new headquarters to be a “full equal” to its Seattle office, Chief Executive Jeff Bezos said in a statement. + +>The Seattle campus is spread across 8.1 million square feet in 33 buildings and employs more than 40,000 people. + +[Reuters](http://www.reuters.com/article/us-amazon-com-headquarters/amazon-scouts-for-second-headquarters-with-5-billion-price-tag-idUSKCN1BI1DM) +I've recently started a new job which pays 25% more than my previous job. I had been on my previous salary for nearly 4 years, so this jump after years of being stuck on the same amount (increased only by about 3k over that time despite job changes) has got me wanting to spend more money. + +Would love to hear any tips you have. +With the Netflix thing and some mod related events coming in hot on this fine Friday, I just want to remind everybody that even though this is not new, it is coming out of nowhere. + +They have been pretty tame in terms of the weekend BS for some time now. But we now have 2 different tactics getting heavily pushed. + +These tactics are not just aimed at the social construct of the sub, but also the financial side of things. + +Netflix doing what it did, I suspect, is to facilitate coming activity. + +The mods doing what they’re doing is to instill a bit of fear for people to remain silent so they can still participate in the discussions. + +I have seen this before, along with muddying of the waters, manipulating the voting system to push up or pull down posts. It’s all just clockwork now. + +So a message to the hedge funds: + +If your stupidity is as powerful as your greed, you’ll have nobody to blame but yourselves. You pushed and lied and twisted everything that has come out of this saga to try and keep the public on your side, and the more you talk, the more people will get curious, and the more will see through your game. + +You did this. You’re choosing to continue down this road and blame others while you’re literally cheating at your own game, and you’re STILL losing. + +You must be really bad with money to rig the entire economy into your pocket and STILL lose it all. + +BUY HODL DRS til your last breath apes. Oh and death doesn’t scare anyone anymore because if you start killing us off, those are just more shares that you will never get back, and it’ll only expose you more. + +See you all Monday. Have a good weekend! +As 20 & 30 something have a longer time horizon to ride out the market turbulence, is it a good idea to invest in ETF if you have spare money in hand? +At 8:23 I got an email telling me someone set me $50 for "Farm Labor", which I do not know the person nor do I do farm labor. At 10:40 I got a request for the same amount from the same person. + +Everything is telling me this is a scam of some kind. I know in general the best way is to refund the Venmo directly, but there doesn't seem to be a way to do so. I sent an email to Venmo about this, they replied back with this article that says to go ahead and issue a payment to them directly. [https://help.venmo.com/hc/en-us/articles/1500012962642-A-stranger-paid-me-What-should-I-do-](https://help.venmo.com/hc/en-us/articles/1500012962642-A-stranger-paid-me-What-should-I-do-) . This seems risky to me, as everything in this is screaming scam. But is there any actual risk if I pay this person back? + +EDIT: Venmo claims it looks legit, but will manually reverse the charge anyways. I'm still not liking that their stated FAQ does something that seems to feed scammers, and that they don't have a reject payment button, but... +The remaining loans I have currently have 0% interest. Should I pay them off and be done with them or continue to make small payments and use that money elsewhere. This is my only debt. +I am currently in a bridge program (a post bacc program that bridges you to graduate program in a field different from your bachelors). I really want to continue but I am 24, only have $2000 to my name, and tired of stress from financial insecurity. So I'd like to take a year or two off, but ideally only a year off, to make and save as much money as possible. I recently got a job offer for 75k a year job in NY (though I am still looking). I'd likely commute by train (about $95 a month). I don't travel often (have actually never been out of the US), I barely spend money on clothes, I do spend a decent amount of money on supplements (I take fish oil for medical problems). I will be living at home, on my parent's insurance. I am fortunate that I do not pay rent. + +so how much can I realistically save? + +edit: was supposed to say 75k, train pass was all wrong as well. sorry everyone I was away this weekend and was not expecting this to get as much attention as it did +I’ve been with my current account bank for over 20 years (NatWest). Never had any fraud issues. Now I have had 3 separate fraud issues of my card being used online. + +1. 28th January on a random website +2. 1st March at Aspers (Google tells me a casino, I guess their online part) +3. 1st May - PaddyPower (gambling site) + +After each time I get the money back and a new card. The first time I thought could be anything, second time was 30 days for my card to be compromised again - when I only registered it on the lottery site and Amazon. And when I go to account there it only shows the last 4 digits. + +When asking NatWest how it can keep happening they don’t really have any answers. I’m stumped too. I’m thinking of moving banks to see if that helps. +This keeps coming up so I thought I would write a quick primer for it. + +Many, many people come across a stock trading at $0.001 that occasionally pips up to $0.002 for a 100% gain. For an example of this we will use ANL. + +Then the smooth brain thinks to themselves, why if I just buy in at $0.001 and sell only a **single** pip higher, I can double my money! Obviously I am a genius and nobody else has ever thought of this! + +Of they go to buy their parcel at $0.001 and perform the infinite tendies hack. + +Of course, if infinite tendies hacks existed, wet behind the ears retail traders wouldn't be the ones discovering them. Let's start with the market depth for ANL. + +https://preview.redd.it/lq8ou9ura0681.png?width=633&format=png&auto=webp&s=4d4f9dcb28df9c42073370ed73a7cd11f8dfc6f7 + +Ok let's look at the buy side. There are 3.3 billion units waiting in the queue at the magical $0.001 price. That means if you want to buy in, you need to wait until all those orders get filled before you can buy in. No worries, you think, how long could that possibly take? + +Let's take a gander at the trading history + +https://preview.redd.it/w159t0jdb0681.png?width=999&format=png&auto=webp&s=28a0790e39ae490ffeac1c9b3fbc9aa37b7d0f8f + +Now it does fluctuate a fair bit, from single digit millions up to low 3 digit millions, but whatever way you slice it, you are waiting a LOOONG time for the $0.001 buy in. Definitely months. + +Ok ok, but now you have your precious $0.001 shares, time to quickly flip them for double your money right? Wrong. Now you have to deal with the other side of the equation. 600 million units ahead of you in the sell queue. Well at least it's not 3.3B right? Well in the buy example I generously assigned all of the volume to $0.001 trades. That might be close to true, but it's almost certainly not true for the $0.002 trade. In fact I would expect them to make up a fraction of the trading volume. + +Let's take a look at volume by price (for the last month to avoid whatever outlier pump took it briefly to $0.004) + +https://preview.redd.it/5uaks2umc0681.png?width=1002&format=png&auto=webp&s=3124078bed9fc3f13b525e6c0a958237ae73f594 + +So the big red bar at the bottom is $0.001, the one about half the size in the middle is $0.0015 (which won't be available to you) and the tiny little green stub at the top is $0.002. Let's chuck out the middle one for the sake of simplicity. A bit of rough measuring gives me about 4% of trades being for the magical $0.002 "double your money" amount and the other 96% of trades being for $0.001. + +Ok so if we normalise the two sides so that we can see what the effective number of units we'd have to get through if we assumed the entire day's volume went to that trade we get + +3.3B / 0.96 = 3.4B +600m / 0.04 = 15B + +So assuming a consistent trading pattern, it would take 5 times as long to sell at $0.002 than to buy at $0.001 if you joined the queue today. You could be waiting a year + +OK ok, let's step back from the market depth for a minute. What about the actual company? + +With a STAGGERING 21B shares on issue, at $0.001 SP, the company is valued at $21m MC. For your SP to double so you can double your money, the market cap has to double also. So a single pip moves the market cap by $20m dollars! This is why it is so hard to sell at $0.002, it means that the company goes from a $20m valuation to a $40m valuation. Having such a huge hurdle to overcome is why this stock consistently trades at this price and rarely gets any traction before returning to it. + +I hope you can see now that trying to pull this off is a very bad idea and you would be better off putting it into a stock with some actual liquidity. + +Fin. +Im 16 and my first job is at a pizza place thats also a sit down restaraunt. Ive been,working there in part time for 2 days and I've already clocked about 9 hours at $9.20 an hour. The problem is all the owner did was put me in their computer system but I never got some sort of form or contract implying that I work there and I never got a W-4 form either. Is this even legal? I'm also afraid he's going to fire me before payday (which is the 31st) and he wont pay me for my work. I'm in Colorado so I'm not sure, if my state has any laws surrounding this? Please tell me what to do I don't want to get in any legal trouble and I don't want to get ripped off by the owner by working for him for free. Thank you for any help I will really appreciate it. + +Edit: Thanks for the replies and the advice guys, things are going better at the place I wqs just worried that I'd get fired because the owner is a REALLY big douchebag to employees especially new ones and I was almost convinced I'd get fired soon. Not signing anything made me worried it's illegal but I learned its not, so again, thanks guys. This place is the only place I got a real reply and this is why I love Reddit. +Our 3 unit property currently has a $50 pet fee policy. Our garden unit tenant came to us saying he got a new puppy and asked our pet fee policy. + +After further discussion, we came to find this is an ESA, or emotional support animal. My partner and I are now arguing over charging a pet fee. + +Our tenant is a veteran with an ESA, I don’t feel we should charge the pet fee but my partner disagrees because he knows it is certainly more work and clean up. + +My theory is that a nice gesture like this can create a good relationship and longer term happy tenant which = less work for me later. + +Any advice for a new landlord here? +Have some tenants, young couple with kids, pay on time..... but frequently contact me about minor things, (doors stick when opening or closing (happens to older homes, i shaved them down), shower door closes too loud and wakes up newborn, too many wasps outside, ants inside home, non stop minor things. He is a finance guy, so he absolutely knows Zero things about small repairs... i hope they never buy a home, they will be lost. My home is middle, upper class. rent to a couple hundred $ below market rent. + +I go above and beyond with them, had some early issues such as a leak through window that took me a while to find/and fix so they were patient. However, anytime they have a small ant problem, they contact me instantly. I had the pest control guy there several times and he told me he can spray every week but that wont fix the problem, they have food everywhere (small kids might drop here and there). I told them that, but they told me thats not true. + +I was there 2 weeks ago did a full outside spray for pests, termites, ants.... didnt see any ants inside the home when i was there. Yesterday they send me pictures and they contact me they have ants on there kitchen island.... here we go again. + +This morning the tenant calls me and the first thing i say is youll have to handle it yourself. Explained to him i do constant pest control and didnt see anything 2 weeks ago,, go above and beyond on accommodations with outside landscaping, he is paying below market rent, and the pest control guy told me you guys are causing the issue... and therefore if he doesnt want me to raise rent significantly to offset this cost to accommodating them with the upcoming lease expiration, he will have to sort the ant problems as they arise. I sent him a link to a wiki page on solving ant problems with borax acid/sugar water. + +Havent been this stern with any tenants before, wondering if i did right by it?. + +&#x200B; + +UPDATE: I have followed up with the tenant. I have informed him that I appreciate them reaching out on issues and i will continue to try to resolve them at my best ability... HOWEVER i need there help on being proactive on ant issues when they arise to make sure they have a pest free home. I will continue to spray per usual, but if they see scout ants issues starting, they will put out borax solution and the Ant Bail Gel kit i ordered and shipped to there house. + +Just to be clear to folks, I rent below market, im just too busy to replace the tenants at the moment (live 5 states away for work reasons, even though the rental properties are in my "hometown").... they know they rent below market, so they should be a bit conscious about wanting to stay at the rate.... they sort of need me, i really dont need them... the market im in, none of my properties stay on the market for 2 weeks. But im not interested in swapping folks, there is a cost associated with it. But i needed to make this point clear. + +A agree with some folks here, I want them to be open about contacting me about issues, I dont want to pay 5x more to fix later because they stopped reaching out. However some boundaries needed to be set, including minor issues. I have informed them to keep a list of non - emergencies and when i come by to swap filters/spray the place I can take care of them quickly. + +Tenants have until February until agreement expires. I am going to gauge how these next few months go. Before i decide to part ways or increase rent considerably to fair market value. +Seriously though, I hope most of you are not losing any sleep over this “correction” or whatever they call it. + +Keep your eye on the long term prize and remember that this too shall pass. +Pretty much nothing in it for me and my family, but how do others see the budget? + +I'm personally disappointed nothing is being done to assist with the housing crisis in the short term, a million new homes by end of the decade, lofty goals but doesn't get families living in tents into houses now. +I went to a shopping centre today and it was super packed for a Sunday. + +Apple Store full of people and a guy carrying out a huge iMac. Jewellery stores full of customers lined up. + +And with Christmas around the corner, I don’t feel like consumer discretionary spending is going to be slowing down at all. + +Has anyone felt their local shops are still very busy? Interest rates and inflation don’t seem to have affected retail shopping at all. + +Not good news for Dr Lowe and our interest rates going forward unfortunately. +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Find the latest Altcoin Discussion thread in [this search listing](https://www.reddit.com/r/ethtrader/search?q=author%3Aautomoderator+title%3Aaltcoin&include_over_18=on&sort=new&t=all). + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* 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! + +https://www.bloomberg.com/news/articles/2022-10-28/fed-seen-aggressively-hiking-to-5-triggering-global-recession + +Federal Reserve officials will maintain their resolutely hawkish stance next week, laying the groundwork for interest rates reaching 5% by March 2023, moves that seem likely to lead to a US and global recession, economists surveyed by Bloomberg said. + +The Federal Open Market Committee will raise rates by 75 basis points for a fourth consecutive meeting when policymakers announce their decision at 2 p.m. in Washington Wednesday, the survey found. + +Rates are projected in the survey to rise another half point in December, then by quarter points the following two meetings. Fed forecasts released at the September meeting showed rates reaching 4.4% this year and 4.6% next year, before cuts in 2024. + +Rates Heading to 5% in 2023 +Economists see 75 basis-point hike, then downshifting. + +Economists see the Fed as determined not to pivot too soon as it fights against an inflation rate at a 40-year high. The shift to a higher peak rate would reflect consumer-price growth, excluding food and energy, that came in hotter than expected for the past two months. The survey of 40 economists was conducted Oct. 21-26. + +“Inflation pressures remain intense and the Fed is set to hike by 75 basis points in November,” James Knightley, chief international economist at ING Groep NV, said in a survey response “We are currently forecasting a more muted 50 basis-point hike in December given a weakening economic and market backdrop,” but the risks are skewed toward a fifth 75 basis-point hike, he said. + +Fed Chair Jerome Powell has said the central bank is strongly committed to restoring price stability and he’s repeatedly invoked his predecessor, Paul Volcker, who boosted rates to unprecedented levels to counter inflation in the early 1980s. Powell has warned the process will be painful, because the goal is to engineer below-trend growth to reduce price pressures and unemployment will rise as a result. + +Subscribe +EconomicsCentral Banks +Fed Seen Aggressively Hiking to 5%, Triggering Global Recession +Survey of economists sees 75 basis-point hike, then slowing +Three-quarters say the Fed will err by doing too much +Fed Chair&nbsp;Jerome Powell&nbsp;has said the central bank is strongly committed to restoring price stability. +Fed Chair Jerome Powell has said the central bank is strongly committed to restoring price stability.Photographer: Stefani Reynolds/Bloomberg +BySteve Matthews and Kyungjin Yoo+Follow +October 28, 2022, 5:00 AM EDT +Federal Reserve officials will maintain their resolutely hawkish stance next week, laying the groundwork for interest rates reaching 5% by March 2023, moves that seem likely to lead to a US and global recession, economists surveyed by Bloomberg said. + +The Federal Open Market Committee will raise rates by 75 basis points for a fourth consecutive meeting when policymakers announce their decision at 2 p.m. in Washington Wednesday, the survey found. + +Rates are projected in the survey to rise another half point in December, then by quarter points the following two meetings. Fed forecasts released at the September meeting showed rates reaching 4.4% this year and 4.6% next year, before cuts in 2024. + +Rates Heading to 5% in 2023 +Economists see 75 basis-point hike, then downshifting + +Economists see the Fed as determined not to pivot too soon as it fights against an inflation rate at a 40-year high. The shift to a higher peak rate would reflect consumer-price growth, excluding food and energy, that came in hotter than expected for the past two months. The survey of 40 economists was conducted Oct. 21-26. + +“Inflation pressures remain intense and the Fed is set to hike by 75 basis points in November,” James Knightley, chief international economist at ING Groep NV, said in a survey response “We are currently forecasting a more muted 50 basis-point hike in December given a weakening economic and market backdrop,” but the risks are skewed toward a fifth 75 basis-point hike, he said. + +Fed Chair Jerome Powell has said the central bank is strongly committed to restoring price stability and he’s repeatedly invoked his predecessor, Paul Volcker, who boosted rates to unprecedented levels to counter inflation in the early 1980s. Powell has warned the process will be painful, because the goal is to engineer below-trend growth to reduce price pressures and unemployment will rise as a result. + +Three-Quarters of Economists Expect a US Recession +Survey shows a new consensus for a downturn in next 24 months + +Economists were asked if US would have a recession in the next 24 months. Hard landing is defined as zero or negative growth for a time but not an officially declared recession. + +Powell and his colleagues have not given up hope that they can pull off a soft landing for the economy. But for the first time in the pre-FOMC meeting surveys, a majority of the economists -- three-quarters -- see a recession as likely over the next two years, and most of the rest see a hard landing with a period of zero or negative growth ahead. + +What Bloomberg Economics Says... +“I think the most important thing to watch for is how Powell communicates the potential downshift in the pace of rate hikes. He will want to avoid giving the impression that a pivot is imminent, especially not when core inflation is clearly still going strong. He would be preparing for the markets for a 50 basis-point hike in December but which will also be accompanied with a dot plot, which shows 5% terminal rate.” + +-- Anna Wong, chief US economist + +The economists see the Fed as potentially overtightening: The median economist would set a peak target rate at 4.75%, and 75% of the economists said there’s a greater risk that the central bank will raise rates too much and cause unnecessary pain as opposed to not raising enough and failing to contain inflation. + +“Monetary-policy lags are still underestimated,” said Thomas Costerg, senior US economist at Pictet Wealth Management. “The full effect of current tightening may not be felt until mid-2023. By then, it could be too late. The risk of a policy mistake is high.” + +There could be economic spillover too to global markets, as two-thirds expect a global recession in the next two years. + +Fed Seen More Likely to Err by Doing Too Much Tightening +Three-quarters of economists say risk is tilted to overdoing it +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Find the latest Altcoin Discussion thread in [this search listing](https://www.reddit.com/r/ethtrader/search?q=author%3Aautomoderator+title%3Aaltcoin&include_over_18=on&sort=new&t=all). + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/ywAGqfUAQE) +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +New video on ESG: + +> A changing climate creates physical risk potentially affecting businesses, communities and the economy. Changing weather patterns, and previously habitable areas becoming uninhabitable due to temperature or flooding are examples of the physical risks of climate change. The transitional risk of climate change arises from the response of consumers and governments to climate change. The possibility that consumers will demand a lower carbon impact from products and services, and that governments will introduce regulations or taxes designed to reduce emissions, creates meaningful uncertainty for businesses. +> +> [Papers] Referenced in this video: +> +> […] + +* https://www.youtube.com/watch?v=KpU0UJou-7Q + +See also *Rational Reminder* podcast episode where it was originally discussed (the above is a summary): + +* https://rationalreminder.ca/podcast/156 +* https://www.youtube.com/watch?v=750PC7fRCc8 +I’ve been keeping track of volume, Frankfurt and other stocks to find correlations with GME. There has been plenty until last cycle. Something changed back then and we got hammered out of nowhere. + +But we have strong correlations again last week and now - and I think it is because of Coinbase and UST. + +Go look at UST right now, it’s about to smash in the ground. Terralabs will use their BTC savings to fund LUNA in an effort to stabilize UST but at this rate it seems impossible. Look at LUNA as well, it gets pumped and gets smacked down in the next hour. + +They can’t sustain it and we know that several institutes are leveraged in crypto. We know that some institutes will get margin called if BTC gets too low. + +This has been said many times but this could be the match that sets the entire economy into a raging fire. If this creates problem for the USDT we might see China burn the dollar reserve to the ground to preserve themself over the market. + +I am so excited. Something new is happening and I can’t wait to find out how crazy this will get. +Hello Apes Everywhere + +I had a little too much green crayons last night and unfortunately ran out causing me to try a brown one for the first time in my life.... I wish someone had warned me but once you go brown there's no going back. + +Long story short I just want to point out that.... EVERY time I've looked at r/GME or r/Superstonk within the last week or so... ALL i am seeing are posts talking about how the price is going to $1000 - $1300 before crashing back down to $200. + +&#x200B; + +Seriously guys what is the first thing that comes to mind when you read that.... "Maybe I should sell at $1000 and buy the dip when it crashes back down". + +That's literally a self fulfilling prophesy and would guarantee GME never takes off. + +&#x200B; + +&#x200B; + +Edit: Hedge funds have 2-5 days to cover when margin called. If the get margin called at 1 K (hint they would)... then 2 days later the price drops to $200 because everyone sold then not only could they delay this rocket but they are also setting a precedent that the ceiling is 1 K which works out in their favour. Keep your shares close.... and the shills even closer. +I was having a conversation with a coworker about children and getting them to understand financial responsibility/literacy, and it made me wonder what people on this sub do/plan to do. + +My coworker uses a pocket money chart as one example of how they encourage their kids to understand money. Their child gets £10 a fortnight in their 'base' pocket money, but this can go up or down depending on chores done/not done. For example, washing the dishes would give an extra 50p of pocket money, but not brushing teeth loses 20p. + +Something I am considering doing to help my child is at a certain age I'll stop giving pocket money and instead multiply whatever earnings they make by 1.5x (or something similar). Hopefully this will encourage them to work and show them that I want to support them. + +So, how does this sub teach their kids financial responsibility? +I am currently in the process of making an offer and starting my real estate investment journey. I (M26) currently own my own house, and I am looking at purchasing a 4-plex (2 bed, 1 bath each) that also has 5 storage units in a separate building. I am having a sit down meeting to discuss everything with the current owner. I am trying to compile a list of questions I should ask him. + + +What advice does everyone have? what should I ask him? This will be my first experience with renting. What does everyone think? +Saw a condo that lives like a townhouse in Centennial Hills (SkyPointe) in February, was 210k. Yesterday one similar in same complex listed for 230k. Vegas I thought would be the one place in the country where the housing market would struggle. +I have only adopted the mindset of FI about 2 years ago and since then I have been gradually cutting costs and one cost that I don't see being posted about much is how costly alcohol is. I used to drink a couple beers a night and more on the weekend and now I'm down to 1 maybe 2 drinks on the weekend and nothing during the week. + +This actually started because I wanted to get in shape for a Spartan race (that keeps getting pushed back because of covid). It was tough to stop drinking during the week, especially when my friends and SI drink during the week, but after not drinking during the week and only a little bit on the weekend, I estimate I'm saving $300-$400 a month by not going out to drink and not having alcohol to drink at home. I guess I wanted to see if anyone else has had a similar revelation? It's so obvious to me looking back on it, I feel better, I save more money; it seems like a win win to me. +Like everyone else during the bull run, I made a killing, considered myself a genius, and planned for early retirement. When the market ceased going up, I got assigned and had to buy a lot of overpriced shares, but that's no problem, right? I only sell puts on tickers I wouldn't mind owning. . . . And then the tax bill came. I owe $50k in taxes on all those "realized gains", but in reality, I didn't actually make anything. In fact, I'm in the hole with the current value of my portfolio. I'm considering selling and realizing the loss just for tax purposes, but I'd prefer not to. Are there any tax strategies folks use to deal with this problem when running the wheel? +Guys, this is something we are getting slid on- **FINRA 21-19: Short Interest Position Reporting Enhancements and Other Changes Related to Short Sale Reporting** was put up for comment months ago and the comment period was extended to **SEP 30**. No, this doesn't force the MOASS, but this is a super important regulation change and we need to apply our efforts to this as well. + +from FINRA: [https://www.finra.org/rules-guidance/notices/21-19](https://www.finra.org/rules-guidance/notices/21-19) or [pdf](https://www.finra.org/sites/default/files/2021-06/Regulatory-Notice-21-19.pdf) + +>"FINRA is requesting comment on potential enhancements to its short sale reporting program. FINRA is considering: +> +>(1) ***modifications to its short interest reporting requirements*** (Rule 4560); +> +>(2) **a new rule** to require that participants of a registered clearing agency report to FINRA information on ***allocations to correspondent firms of fail-to-deliver positions***; and +> +>(3) ***other potential enhancements*** related to short sale activity. FINRA believes that these potential changes could improve the usefulness of short sale related information to FINRA, other regulators, investors and other market participants. " + +You can see here in point 3 that this is open-ended- THEY WANT FEEDBACK. Nothing is set in stone, we have power here! And although the FINRA is not the SEC, if you didn't watch the last SEC oversight hearing, GG said over and over that he wants to hear from retail investors about potential regulations. He was practically begging us to engage with comments. + +u/dlauer **Dave Lauer** [posted about this 4 months ago](https://www.reddit.com/r/Superstonk/comments/nuidlk/finra_regulatory_notice_2119_new_short_sale/)\- this is super important to market fairness! Please check out his post on why this is significant- + +>Submitting a comment letter can be a very effective way of advocating for change and showing FINRA that there is demand for a far more rigorous disclosure regime. The best comment letters are concise, well cited with evidence to back up claims, and unemotional. I know this is a hot button topic, but my feeling is that FINRA is trying to figure out what to do here, and I would urge you to engage them in good faith. + +&#x200B; + +Additionally, [u/vLVw8MFI4P7SL2g9AW7u](https://www.reddit.com/user/vLVw8MFI4P7SL2g9AW7u/) [did an excellent breakdown](https://www.reddit.com/r/Superstonk/comments/nu28kf/finra_regulatory_notice_2119_filed_64_finra/) on this + +>I think this might be what DFV was [tweeting](https://twitter.com/TheRoaringKitty/status/1401660169579220995?s=20) about earlier. It's saying that instead of reporting short interest twice a month, they want short interest reports EVERY DAY on their desks at 6pm and it sounds like this is the big one. +> +>TL;DR +> +>FINRA's proposing rule changes that would all shine a light up the keisters of institutions that are caught up in FTDs and naked shorting. + +&#x200B; + +And last but not least, credit to [u/MatEngAero](https://www.reddit.com/user/MatEngAero/) for [staying on top of this and reminding us](https://www.reddit.com/r/Superstonk/comments/px9x9p/final_days_of_finra_request_for_comments_on_short/hemczw5/?context=3) earlier today! unfortunately their post didn't get traction, so here I am. + +>This is the last week to submit your CONCISE and PROFESSIONAL comments to FINRA CAT NMS on Short Reporting Requirements and Other Changes Related to SHORT SALE REPORTING, if you wish to do so. +> +>Please see the listed comments for an idea on how to submit! +> +>MAKE YOUR VOICE HEARD! + +&#x200B; + +\----------------------------------------------------------------------------------------------------------------------------------- + +**What is included in 21-19?** If you haven't read any of these posts, scroll up and read Lauer's carefully- FINRA is requesting comments on very specific and significant reporting regs that we need to be making a huff about (civilly) which include but are not limited to: + +\-synthetic short positions via options *BUT NOT swaps*? + +\-firms segregating short positions from proprietary vs customer accounts + +\-reporting timeframe daily *or weekly*? + +\-daily FTD allocations *BUT NOT for public eye*? + +\-should they create a framework about lending activity? + +Obviously ALL of these have a huge degree of variation in potential effectiveness. We CANNOT afford to let this slip by quietly. We must take a stance that every significant firm is morally (and maybe legally?) obligated to apply as much action to fairness and transparency as they do to trading itself. This means spending the money to develop infrastructure that ensures at minimum daily reporting, accurate and complete reporting, and of course things like same-day settlement (that's not part of this reg). + +\---------------------------------------------------------------------------------------------------------------------------------------- + +POST EDIT: Just wanted to say thank you everyone for participation and the awards- they help get the message spread! I wanted to address a few common concerns from the comments and things + +***They're going to dox us!*** This is really your choice, and its easy to prevent that. Use an alias or go anonymous, and use a temporary email or a make a throwaway. + +***This will delay implimentation!*** FINRA is literally asking us *what* to implement. And no, it won't- they will implement when they want to. + +***Regulation doesn't do anything!*** Regulation is typically incremental and is not the same as enforcement. There are multiple parts to a functional system, which we do still need- our economies need it. Enforcement must be based on law, so we need to be proactive about legislation regardless what the current enforcement environment is. 21-19 isn't just that kind of law though, it would also add a lot of much needed transparency to the market, most of which will be helpful to us. + +***Who cares? MOASS BABY!*** This is kind of like "don't dance." Although we are here for the MOASS and GameStop, the economy goes on regardless when we moon, and there are legitimate businesses, firms, and investors besides us who deserve a fighting chance. With all the talk about "lets hear what retail investors have to say," I think regs like these are the best opportunity we've had in many years to be heard and be relevant. This, along with MOASS, is all part of a larger moment in history- the end of willing subjugation of the middle class to the corrupt corporate elite. + +***DRS!*** DO IT NOW!! +Should we tackle our debt or a down payment first? The way I see it we have 2 options: + +1) Pay off husband’s student loan debt before buying a home (Dave Ramsey style) - he has $55K at 5-12 percent interest. +2) Save up $30-$50K down payment (plus 6 month emergency fund), buy home. Then start paying off his loans. + +If we wait on the loans, they’ll rack up more interest. But I don’t want to delay homeownership too long. We currently rent for $950/month. + +At my current savings rate and barring a big emergency, I should have $50K saved by 2024. + +My income is $50K and his is around $20K. We are in our early 30’s. +I've faced enough emergencies in life that I am a big believer in the emergency fund of 3-6 months expenses minimum. There are so many schools of thought on where to put this money. + +Where do you keep yours? I am using a high yield savings account and a short term CD that gets a little bit more interest than the savings account. Also thinking about I bonds but that would be more of an intermediate term investment since you can't take the money out without losing 3 months of interest in the near term. Would use a cash management account at a brokerage for convenience, but they pay nothing in interest. The pain of inflation is real, but access is so important. +Gather round, apes and apettes, grab that vintage box of crayons you were saving for something special, and get comfortable. Oh, first- **HEY GABE!!!!** [Gabe's been struggling lately-](https://finance.yahoo.com/news/melvin-t-shake-reddit-attack-205148761.html) + +[I needed a reason to link this 100&#37; real completely non-satirical article from July 7th just one more time](https://preview.redd.it/84qap5rw1pb71.png?width=680&format=png&auto=webp&s=3b2b6f6b0fdf94547d6ca63ab14b5118cad9a50e) + +Look at that beautiful, gaping mouth-hole.... srsly Gabe, open invitation to scour *my* message boards *any* time you want..... because this ***especially vicious*** reddit trader is about to get DOWNRIGHT SAVAGE...... with stats. 😮 🙈🙉🙊 + +First, what in the fuck am I talking about? These little doodads that everyone keeps noticing- credit to [u/shiftyasiankid](https://www.reddit.com/u/shiftyasiankid/) for grabbing the pic of GME's 3/10 flash crash from a rensole morning post- + +[If I haven't gotten my point across, they're fucking everywhere. GME's flash crash on 3\/10\/21 was especially fun!](https://preview.redd.it/bdjboz2jtpb71.png?width=1115&format=png&auto=webp&s=e1871f9a6b373d82cc33c7fd2b1af62afc2d2439) + +Gabe's data scientist have given us ***all sorts*** of fascinating explanations for these lines *other* than "they're market sweep orders." The first round has to do with some VERY fat fingers: + +>1) Some trader fat-fingered their limit order +> +>2) Some broker fat-fingered the trade order + +Ok seriously, trades are not performed by a bunch of monkeys in a back room, it's 99.9% electronic (unless you're one of those 0.1%'er shady fucks trading out of Philadelphia), and by the way you guys think about fat fingers *a lot.* 🍆 Also, even **IF** some poor ape did accidentally enter a limit order ***buy*** for $69,420.00, your broker is required by law (the Order Protection Rule) to buy your share at the ***National Best Offer****,* or the lowest ask $ available among all visible exchanges (what you see in the level 2 data). + +[If you want the gory details, they're discussed in here.](https://www.reddit.com/r/Superstonk/comments/ok1bta/the_intermarket_sweep_aka_the_straight_upanddown/) Basically there are usually only 2 reasons that a trade can ever occur ***outside*** the bid:ask range (aka the national best bid/offer or NBBO): 1) ~~some high-frequency jackass submitted 1,000,000 trades in the same millisecond and~~ the computer system responsible for calculating the prices gets .... overloaded .... for no particular reason .... and trades are *not* canceled if it turns out they were outside the NBBO after the computer catches up ([~~this is called "quote stuffing"~~](https://www.investopedia.com/terms/q/quote-stuffing.asp) totally not something ***anyone*** would ***ever*** do on purpose). OR, 2) the trade is marked with trade condition "trade-through exempt" or "611-exempt." [Here's rule 611 from the SEC.](https://www.sec.gov/spotlight/emsac/memo-rule-611-regulation-nms.pdf) As I understand it, the type of trade that is given most frequently given this status in U.S. markets is... + +# The inter-market sweep, or sweep-to-fill order. + +[Here's an ibrokers page that explains what the hell](https://ibkr.info/node/1734). And if you prefer English to Engrish, [here's Investopedia on Sweep-to-Fill](https://www.investopedia.com/terms/s/sweeptofillorder.asp). In summary, sweep-to-fill orders: a) value speed over price- the trader overpays when buying and undervalues when selling- just to get the order done quicker; b) are used **exclusively** by **high-frequency-traders and their trading algorithms,** and they happen very commonly; and c) just happen to show up in HUGE numbers during flash crashes. [Sweeps are covered in FAR too much detail in this previous post](https://www.reddit.com/r/Superstonk/comments/ok1bta/the_intermarket_sweep_aka_the_straight_upanddown/), if you're wanting further info. + +Okay so back to Gabe's data scientists- this next batch of explanations has to do with the poor quality of our trading platforms because our plebeian asses can't afford a bloomberg- + +>3) It's just a graphics glitch (***classic***) +> +>4) It's just carry-over from previous time and sales data points showing up under the wrong candle (*uhm?*) (*more code for lul @ ur poor-person's trading platform graphics glitch??*) +> +>5) It's just canceled trades showing up on your ~~dumb poor-person's~~ trading platform + +Okay so no, no, and no, these trades are in the actual raw data and aren't designated as canceled, more on that below. Sooooo.... nothing to do with any graphics effects. The final round of explanations centers on data and data quality: + +>6) Those are just smoothing errors from the UI +> +>7) Your ~~plebian~~ trading system is bad at averaging and spits out bad values +> +>8) Seriously your data must be bad somehow + +So no and no, because I said *raw data*, meaning no smoothing or fuckery has touched it yet*.* And to number 8..... yea again ***no*** because ***raw data***. + +SO LET'S TALK DATA!! Who in the hell makes those numbers show up on our computers, anyway?? Well, the numbers are compiled by "Securities Information Processors" or SIPs from 6 main data feeds, depending on what exchange the stock is listed on. For **all NYSE-based stocks**, the publicly distributed data is managed by the [Consolidated Tape Assosiation](https://www.ctaplan.com/index) or CTA (yes that's what we need, MORE ACRONYMS): + +[If you've got real-time data on a NYSE-listed stock, it's CTS data showing the price and CQS data showing the bid\/ask from the CTA and SERIOUSLY FUCK THESE ACRONYMS](https://preview.redd.it/hrvd35y3iqb71.png?width=858&format=png&auto=webp&s=e88816c0d689d5878701c369d4fe9b7e3055339c) + +[Here's the wiki page if you're like me and need a REALLY SLOW explanation](https://en.wikipedia.org/wiki/Consolidated_Tape_Association). [Here's investopedia to explain the same thing in a different way.](https://www.investopedia.com/terms/c/consolidatedtape.asp) Basically these SIPs spit out the price/bid/ask information for all our brokerage systems, and yes, ***if you live on planet Earth and use a display trading system with*** [real-time quotes](https://www.investopedia.com/terms/r/real-time-quote.asp)***, your brokerage firm is paying for access to THIS SAME data feed that we all see.*** Think about it logically- this is the only way that we can all trade, simultaneously, while still being protected by the "order protection rule" (making sure our trades land within the NBBO). Don't argue with me, [argue with the SEC, and this VERY long National Market Systems rule](https://www.sec.gov/rules/final/34-51808.pdf): + +https://preview.redd.it/acsyzlf4ttb71.png?width=813&format=png&auto=webp&s=37095105c455e708a941168a3ed43b5f004a41f7 + +If you saw that the pdf was 523 pages long and immediately shat yourself, I got you covered: [Reg NMS for dummies](https://www.nasdaq.com/articles/reg-nms-dummies-2019-05-09). Reg NMS is actually the only reason CTA exists, see [this site explaining NYSE data feeds](https://www.exegy.com/2019/12/consolidated-tape-nyse-feeds/): + +https://preview.redd.it/3c6836uxutb71.png?width=932&format=png&auto=webp&s=e61a259291924c38818888f93728647e28387a51 + +What does this mean? + +# It means the burden rests with exchanges and other "self-regulated organizations" to report accurate data to the CTA (including the price- CTS- and the best bid+ask- CQS). + +If you have a system that has access to the CQS and the CTS feeds ([real-time quotes](https://www.investopedia.com/terms/r/real-time-quote.asp) of [level 1 data](https://www.investopedia.com/terms/l/level1.asp)), ***that feed is correct by definition*****.** If that data has weird prices looks fucky, ***it is not our fault as scientists and retail traders for having access to "bad" data, nor is it our responsibility to find "better" data to prove a point.*** This is the data that daddy SEC uses for Reg NMS, and exchanges are ***REQUIRED*** to report accurate information to ***IT.*** All of the "better data" that Gabe's data scientists keep talking about? ***It doesn't fucking matter to the SEC, so it doesn't matter to our research on strange prices.*** So what do you get when you pay for "better data?" You get decreased latency, increased time resolution, and an expanded level 2 dataset. From [Exegy explaining Consolidated Tape](https://www.exegy.com/2019/12/consolidated-tape-nyse-feeds/) again: + +[I think 64 microseconds \(that's 0.0000064 seconds\) is OK for the level of stats I'm doing. There's this thing called \\"significant figures\\" ... don't hurt your brain, Kenny](https://preview.redd.it/wi2g79gk6ub71.png?width=923&format=png&auto=webp&s=fe17f7e0b9ae68eeb4a9972b78e4dda4f85224f8) + +It's level 2 data that starts to get expensive and varies in quality from place to place- from [Exegy explaining Level 2 market data](https://www.exegy.com/2019/03/level-2-market-data-what-level-supports-your-trading-strategy/)\- + +https://preview.redd.it/lr2264k67ub71.png?width=939&format=png&auto=webp&s=53bc0dc7b45f82096fd774b6d5ecc4a7aba4840b + +***Note that this data, level 2, doesn't matter one goddamn bit to determining whether a trade was placed at a price outside the NBBO.*** So yea, good level 2 data would be sweet and some day I'll get my hands on it, but it's **completely irrelevant to the vertical lines we are seeing = prices outside the NBBO = because that is ENTIRELY the realm of level 1 data.** + +Okay so we're ABSOLUTELY SURE that Fidelity Active Trader Pro(r) gets VALID [REAL-TIME QUOTES](https://www.investopedia.com/terms/r/real-time-quote.asp) of [LEVEL 1 DATA](https://www.investopedia.com/terms/l/level1.asp)? + +# Yes. + +From a [love letter between Fidelity and the SEC](https://www.sec.gov/comments/s7-15-19/s71519-6526198-200427.pdf): + +[That's some high-class pillow-talk right there](https://preview.redd.it/mq07i0aw8ub71.png?width=812&format=png&auto=webp&s=b99e5a6b2ac814cbf360edad0d747f3e13df0de5) + +FUCKIN A' PETER, it's taken us LOTS OF READING and LOTS OF LINKS for VERY TENDER APE BRAINS up to this point to say with **FULL FUCKING CONFIDENCE** this **ONE SIMPLE FUCKING THING**: + +# What you see with your eyes is real. Seriously. + +**(Btw...** [**wut iz gaslighting???**](https://en.wikipedia.org/wiki/Gaslighting)**)** + +Okay, so.... where on your screen does this raw data live? [Level 1 data](https://www.investopedia.com/terms/l/level1.asp) dwells in the "[time and sales](https://www.investopedia.com/terms/t/time-and-sales.asp)" window on your platform. [Level 2 data](https://www.investopedia.com/terms/l/level2.asp), if you have it, can be various places depending on your trading platform. In fidelity, it's the directed trade window- + +https://preview.redd.it/nr1tvumofub71.png?width=1552&format=png&auto=webp&s=460f837d5975862c76ff72ccd10238aab7d31c89 + +So if you're exporting data, and you do it by r-clicking one of the windows with RAW data, you .... uuhhh .... get raw data. How do I know that hedgies do NOT want you to know this?? *Because my materials and methods post on how to collect this data, including some sample raw data sets,* ***was marked as spam and made invisible by reddit despite being posted onto my OWN GODDAMN PERSONAL PROFILE PAGE***. I seriously don't fucking know HOW your data scientists did it, Gabe, but I'm kind of impressed. Bravo. + +# So THAT is where the data comes from, and there is absolutely NOTHING FUCKING WRONG WITH IT. ahem. + +And what does the data say about these vertical lines in our price charts? + +# They are REAL trades occurring outside the NBBO called "market sweeps" marked* with trade condition: "trade-through exempt" or "611-exempt" + +\*if you're rich enough to have a Bloomberg. Only expensive platforms reveal or display sweeps because WHY TELL RETAIL TRADERS ANYTHING as always. Result? It's a SUPER common form of trading for high frequency and algo trading, but *normal retail traders tend to know nothing about them.* And based on flurry of explanations offered by Gabe's data scientists, *they want to keep it that way.* + +So let's get back to these straight lines! The following chart displays REALLY CLEARLY where we're going to peek at the prices first. (This stock tends to have sweeps show up *beautifully* on the price chart and is typically the first place I look to go "glitch hunting.") + +https://preview.redd.it/zfqt8hsyiub71.png?width=521&format=png&auto=webp&s=6c66934d40eeab169028587ca1f8b8807c1a5a07 + +The glitch is SO strong with this one, that anyone navigating back to 7/13 after-hours right now will be able to see some of them. (If you're now noticing that these sweeps seem to happen right around the *same time* nearly *every day* during *after-hours*.... stay tuned for future posts 😉 this one's too fuckin long already.) + +So I peered into the data for this time period- 4:35 to 4:50pm on 7/13- and then decided to graph it for all my friends who don't read so well- + +https://preview.redd.it/l2iknlwpkub71.png?width=1834&format=png&auto=webp&s=d4feb6d2ca1dbda2a3d2b106b0704270dc83e132 + +Those big green crayons? All sweeps, corresponding to those pink dots (last price of the trade) wayyyyyy above the bid-ask range. Did I mention something about a correlated pattern? + +**Here's GME for the same time frame**\- + +https://preview.redd.it/zjq52z2zkub71.png?width=1848&format=png&auto=webp&s=0652e78e91997825713b3ae198123e6467bb99b8 + +Gimme some AAPL! + +https://preview.redd.it/82evk8hhlub71.png?width=1837&format=png&auto=webp&s=6c938b8c3c3c051721d22d6d59989b986b72cc9b + +Mix things up a bit with some TSLA! + +https://preview.redd.it/2183rrnjlub71.png?width=1843&format=png&auto=webp&s=7570e6c8690bde7e6f9820c9d5eb62830b3d2b27 + +Go the OTHER DIRECTION (sweep to SELL!) with amazin' AMZN! + +https://preview.redd.it/cg8xr8qolub71.png?width=1843&format=png&auto=webp&s=858289c07f4d86dabb810fc46b4f13224860b574 + +Come on back with a taste of MSFT--- + +https://preview.redd.it/c7vmpkaxlub71.png?width=1839&format=png&auto=webp&s=60f48497c01d4288ba84aac92fe0e81558a2ce5a + +And then cleanse your pallate with NVDA before dessert--- + +https://preview.redd.it/nq8dccs4mub71.png?width=1840&format=png&auto=webp&s=77bac4135a9330808eba5b9ef57bb8598a1e77c0 + +Because to finish up I've got an ETF banana sundae for your pleasure... + +&#x200B; + +https://preview.redd.it/orfedhuamub71.png?width=1844&format=png&auto=webp&s=1d41bb2784465aa105ccbcb85d636cb681d778e7 + +And no.... I barely understand ETFs as it is.... I have NO idea how this works with ETFs, only that I made a pretty picture of it happening. Wrinkle brains halp pls. + +Is this the *FIRST* time that fucky data has been detected? Noooope, I posted [these rantings of a stats and crayon-fueled lunatic](https://www.reddit.com/r/Superstonk/comments/n0a0hf/proof_of_artificial_price_movement_spreadsheets/) over two months ago, but didn't know what the fuck I was looking at. + +Am I the *ONLY* person who has noticed all the insane crap in this data? Nope, u/Pubertus posted [similar findings over two months ago](https://www.reddit.com/r/Superstonk/comments/n7ahcl/found_something_funky_on_the_dark_pools/?utm_medium=android_app&utm_source=share). A HUGE number of trades priced OUTSIDE of the NBBO in an occurrence that was HIGHLY CORRELATED ACROSS MANY STOCKS. + +**This brain wrinkle has been forming for a LONG fucking time now.** + +So I guess.... here, at the end of all things... the only question that I ***still*** have, is.... + +# HEDGIES, WHY ALL YOU MA'FUCKERS LYIN' SO MUCH ABOUT MARKET SWEEPS?? + +[dead. kittens. everywhere. LOOK AT WHAT YOUR DATA SCIENTISTS HAVE DONE, GABE](https://preview.redd.it/pfxghu9kyob71.png?width=638&format=png&auto=webp&s=b9d61d2a0dfb7d2c0820f94c6b4fcdefb2d68a1f) + +# TADR: These bitches ain't glitches, "straight line thingies" are MARKET SWEEPS from HIGH FREQUENCY TRADERS and are HIGHLY CORRELATED across many stocks. hi kenny 🤭 + +Obligatory emojis: 🦧🦍🦧🐱‍👤💎🙌🚀🚀🚀🌙🖍🌌🍌 + +[ ](https://preview.redd.it/0dh1g19bqob71.png?width=1180&format=png&auto=webp&s=a5677bedb01128308e50ec49c1087287cfe39130) +Burry keeps making predictions and then nukes his account (deletes all his tweets) when he is wrong. + +Yesterday he has started tweeting again, posting a few screenshots of old mails from 2005 implying it can take a while (3 years) for his predictions to come true. + +Tweet from yesterday: [1](https://twitter.com/michaeljburry/status/1437099210185138177) +And today: [2](https://twitter.com/michaeljburry/status/1437454770130718722?s=20) + +**Update:** he nuked his account again, but his tweets are still archived here: https://twitter.com/BurryArchive +Terra LUNA has crashed over 99.27% to $0.02 in the past 36 hours. Investors have lost over $22 billion in under a week! LUNA Founder Do Kwon has spoken of a potential bailout but nothing material has been announced yet. If you were a LUNA investor, what would you do? SELL? or HODL & hope for the best +We just bought a home in Feb but it looks like we are going to be moving states (from the Bay Area to Texas) + +The house is fully paid off, 1.8M and estimated rental profit is about $3000/ month after property tax and insurance ($5300 gross). The house has almost all our equity. + +The house has a chance of appreciating about 5% a year +- 3%. The neighbors and neighborhood are not the greatest but it is changing for the better each time there's a house sold. Schools may get better over time. It will take about 5-10 years for any significant changes I believe. + +Seems that I should sell but I'll take a hit on the realtor fee. We currently don't have income but probably will in about 1-2 months. So it's hard to pull money out of the house at the moment through financing. + +I would be a first time renter, so I'm very uncertain about renting. Renters would probably be tech workers. + +I am looking to get started in real estate investing but I don't have a solid plan yet on where to put the money if we sell. + +Wondering what others would do in this situation. Thank you. + + +\---- + + +UPDATED: + + +I posted my final actions here. Thanks for the great feedback everyone! + + +[https://www.reddit.com/r/realestateinvesting/comments/ucqdc2/comment/i6fe2ok/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/realestateinvesting/comments/ucqdc2/comment/i6fe2ok/?utm_source=share&utm_medium=web2x&context=3) +Isn't it just easier for a big company to handle your trades and live stress free without work at the expense of a small percentage they may take? Or am i missing something? +I own few chinese stocks and the thing that baffles me is that only chinese stocks that are getting crushed are stocks traded in USA. My other chinese investments (not traded in USA) are doing fine, some of them even going up. + +If there is some sort of big political risk, that could be manifested through seizeing foreigner assets, why would on earth only chinese stocks traded in USA be affected? Is that pure retail retardness? + +If chinese stocks are too risky, all of them should go down, not only those traded in USA exchanges... +I went through the annual reports of Mcdonald's for the first time and I'll describe it as an expensive real-estate company that sells branded properties. I'll make my case below. + +As always below you can find the video to my analysis: + +[https://youtu.be/9dzLxxliVCE](https://youtu.be/9dzLxxliVCE) + +McDonald's makes money in two ways: + +1. Company-owned restaurants - The revenue has significantly decreased in the last decade. This part of the business is related to the restaurants that McDonald's operates and the revenue represents the sales of burgers, fries, beverages, and pretty much everything that is on the menu. It represents about 40% of all the revenue and the operating margin is very low (8%). +2. Franchised restaurants - This is the part that has been increasing over time, now represents the remaining part of the revenue, and has an operating margin of 73%. However, unlike the first business segment, in this one, they make 64% of the revenue from collecting rent and the remaining 36% from royalties. + +If you look at the total revenue of the company, you'll see a decline for a decade, accompanied by an increase in the operating profit which is not surprising. Instead of owning the restaurants, McDonald's is renting them to individuals who would like to have their own business and on top of that, they're collecting royalties. So the type of revenue shifted from the low-margin "Sale of burgers, fries, beverages, shakes, and ice-creams" to the high-margin "collecting rent and royalties". + +From an operating profit point of view, 60% comes from rent, 30% from royalties, and 10% from actually company-owned restaurants. Therefore, my conclusion is, that it currently operates as a real estate company that rents branded properties. + +After finishing my analysis and preparing my presentation for recording a video, I take some time to do a quick research online on the company, mainly to figure out if I'm missing something. I often stumble upon certain videos and I'm disappointed that many of them have basic checklists without understanding the business and providing value for the viewer. These come mainly in the form of "Did the revenue increase in the last 5 years? Do we have a P/E of < X". In the case of McDonald's, if you have a checklist, you would not have a check on the revenue growth in the last 5 years and without understanding the company, you'd have a wrong impression on McDonald's. Finding good investment opportunities takes a lot more than having a simple checklist that most 6-year olds can use. + +So, I did value McDonald's based on the following assumptions: + +Revenue - 5% growth in the next 6 years, then growing slower after that (Similar to analysts' forecasts for the next few years) + +Operating margin - 45% (No significant change compared to the last few years, also in line with the analysts' forecasts) + +WACC - 5.91% + +Outcome: $150.90/share (Much lower than the current stock price) + +Below is an overview of the value of the company based on different assumptions related to revenue growth (in 10 years) & operating margins: + +&#x200B; + +|Revenue / Op. margin|45%|50%|55%| +|:-|:-|:-|:-| +|48% ($34.5b)|**$150.9**|$173.9|$196.8| +|60% ($37.2b)|$161.5|$186.1|$210.7| +|80% ($41.8b)|$178.5|$205.8|$233.0| +|100% ($46.5b)|$165.3|$224.9|$254.8| + +&#x200B; + +I'd like to get your thoughts on the company and see if there's anything significant that I'm missing from my assumptions. +Experience and knowledge are the two key factors that make you a professional trader. There is no other way, there is not shortcut, there is no magical trading system. If you want to be a successful trader, you need knowledge and experience. +Just a bit of a backstory, I left my abusive husband 2 years ago, after 18 years of hell. He was in charge of EVERYTHING. He made all the decisions. I had no money, he controlled all of it. I would have to borrow money from my parents to get my kids new shoes or clothes, because he would tell me that I couldn't have any money to buy those types of things and 'the kids could make do with what they had'; even thought their shoes would have holes and their clothes would be so old and small, that they didn't fit. There was always money for things that he wanted (like a kayak, and a new car every 4 years), but nothing for me and the kids. I couldn't even go to the grocery store without him, and have him approve of what food I bought for us and the kids. He wouldn't allow me to have a job, a credit card, money of my own (he was the one who worked and his pay went into his own personal account that I had no access to). + +I had nothing in my name, because he wouldn't let me sign anything. On the rare occasion when he would give me a little bit of money, I would have to give the receipts of what I bought and if he didn't think that we needed it, he would get angry at me and I would have to return the items (this would be things like kids clothing, shoes, and even food). So this is the type of fucking bastard I was married to. + +Anyway, I left 2 years ago, and haven't looked back. I've been trying to build a life for me and my kids (he is court ordered to have no contact with the kids, and they don't anything to with him). He has made things financially hard for me the last 2 years (he did so much damage to our house that there was a debt left with the house when it finally sold, I have finally paid off). I'm finally getting on my feet, and I feel good about myself again. I started a new job at the beginning of this month and I'm studying full time to become a nurse, and finish in about a years time. + +I really need help with how to budget and how to save up money for a house. I'm starting all over in my 40's with nothing, and I have no idea how to budget or to save. I live off government benefits, as well as working part time now, so I can study. + +I don't know where to begin, what tools are available, and how to make sure that I save each pay. I'm tired of paying rent and living pay check to pay check. It's been so stressful trying to figure out a way to feed my kids, pay the bills, and to keep a roof over our heads. I really need some help. + +I would really like some advice on what I can realistically do to budget, save and to finally get ahead a bit. TIA + +UPDATE: WOW!! Thanks everyone who has given me advice and encouragement. I logged off after posting this, went to study, put kids to bed, studied some more and then went to bed. I didn't expect this much help, and I haven't been able to read all the replies yet, but thank you for all your help. I really appreciate it, and I have gotten some really good tips from the replies that I have read so far. So thank you everyone. :) +Edit: Really good to see people calling bullshit on this, and that they're not swayed. Thanks for the awards but use the money on the stock instead! + +It's been 9 months. Not only do they make us question our beliefs in the stock; they make us question our beliefs in ourselves - for investing in the first place; for being stuck in a "cult", for valuing financial information from people on *Reddit*. + +Tons of people have said it before: This is psychological warfare. I've understood it before, but I didn't realise how important of a tactic it is until now. It's emotionally draining for those of us who are already insecure about our values and beliefs. The smartest of you have been confident about this choice for months now, while some people like me still lurk around, trying to understand a morsel of all the fantastic and hard researched knowledge is passed around here + +Either way, I'm not going anywhere. 🚀 + +Edit 2: This gained way more traction than what I expected. Just wanna say I appreciate y'all. And I'm sorry if this post is just a repeat of an overused message. Mods have my blessing to remove it if it counts as spam. +I noticed some joking around about suicide on WSB, posting links and such, just wanted to say it isn't a joking matter. If you truly lack the courage to end it all, please reach out to [http://www.assistedsuicide.org/] (http://www.assistedsuicide.org/). Self loathing, substance abuse & risk taking are all classic signs of procrastination, please don't be ashamed to seek professional help. +On April 25th I got a bitpay notification of a 1BTC donation. + +Thank you. That's officially (and by a lot) the biggest donation I've ever received for RES, and it means a great deal. + +Since it came through bitpay, I have no information about who you are on reddit, via email, or whatever else, so I have no better way to thank you than to make a self post here, and I wanted to at least somehow acknowledge and thank you... + +So, whoever you are: thank you! + +edit: holy crap. a [5BTC tip](http://www.reddit.com/r/Bitcoin/comments/1d8qn2/to_whomever_it_was_that_donated_1btc_to_reddit/c9oa4t7) from /u/shakethatbass -- that is insanity. Thank you so much. In one day, that increases what RES has seen in donations in **2 years** by probably 12% or so (rough estimate) -- all in one donation. +We had not bought a house in several years. Bought one in June. I have been surprised at all the scammers coming at us as a result of the house purchase. The day after closing multiple bills arrived for recording our deed and getting a copy. The title company does that. We paid them. These things look very official, but if you look carefully you see little mentions here are there that this is not an invoice or we are not the government. + +Before closing we received numerous all-caps warnings about not wiring money to scammers. + +I posted here recently that the termite guy hired by the seller said we had termites and needed a $2,200 treatment. I was inclined to do it, but then he said it was $4,400 for tenting and fumigation. Orkin was called for a second opinion. They said there were no termites. Now we are waiting for a refund of the advance payment. Our son lives there and paid the advance without mentioning it to us. I never paid for such a thing in advance. + +The original termite guy double-checked and now agrees there are no termites and that he never made such a mistake before in his 29 years in the business. + +Uh huh. + +More recently, my son heard some scratching in the attic. He called an exterminator. $5,800. For Chrissake! We can probably buy something at the hardware store for $20 or so. + +Turns out the guy is going to turn a 72-year-old insulated attic into a pristine, eat-off-the-insulation, reinsulated, white-glove clean attic. And he is going to seal the attic so no vermin can get in there. + +No, thanks. We’ll try the hardware store. + +I had a queen bee set up in my house once. Beekeeper came and removed the queen. Her subjects left with her. The guy offered to charge more to seal all the little bee-width openings in the house. No thanks. Never had another problem. + +That guy and the attic guy claim they can seal the house so even insects cannot get in. That does not strike me as the nature of a house. We have never tried to seal any of our buildings that tight—even the one we had built new. Once a squirrel made a hole. We got rid of him and repaired the hole. When vermin invade. We kill them. That has always been all we needed. Maybe a half dozen episodes in 50 years. + +The fact that our son is 34 may be encouraging this. But my wife and I bought properties when we were in our 20s and 30s and were not hit with all these scammers. + +The new thing with the June purchase is our buying a home has triggered multiple scammers coming at us. That did not used to happen. Beware of such nonsense. +We had not bought a house in several years. Bought one in June. I have been surprised at all the scammers coming at us as a result of the house purchase. The day after closing multiple bills arrived for recording our deed and getting a copy. The title company does that. We paid them. These things look very official, but if you look carefully you see little mentions here are there that this is not an invoice or we are not the government. + +Before closing we received numerous all-caps warnings about not wiring money to scammers. + +I posted here recently that the termite guy hired by the seller said we had termites and needed a $2,200 treatment. I was inclined to do it, but then he said it was $4,400 for tenting and fumigation. Orkin was called for a second opinion. They said there were no termites. Now we are waiting for a refund of the advance payment. Our son lives there and paid the advance without mentioning it to us. I never paid for such a thing in advance. + +The original termite guy double-checked and now agrees there are no termites and that he never made such a mistake before in his 29 years in the business. + +Uh huh. + +More recently, my son heard some scratching in the attic. He called an exterminator. $5,800. For Chrissake! We can probably buy something at the hardware store for $20 or so. + +Turns out the guy is going to turn a 72-year-old insulated attic into a pristine, eat-off-the-insulation, reinsulated, white-glove clean attic. And he is going to seal the attic so no vermin can get in there. + +No, thanks. We’ll try the hardware store. + +I had a queen bee set up in my house once. Beekeeper came and removed the queen. Her subjects left with her. The guy offered to charge more to seal all the little bee-width openings in the house. No thanks. Never had another problem. + +That guy and the attic guy claim they can seal the house so even insects cannot get in. That does not strike me as the nature of a house. We have never tried to seal any of our buildings that tight—even the one we had built new. Once a squirrel made a hole. We got rid of him and repaired the hole. When vermin invade. We kill them. That has always been all we needed. Maybe a half dozen episodes in 50 years. + +The fact that our son is 34 may be encouraging this. But my wife and I bought properties when we were in our 20s and 30s and were not hit with all these scammers. + +The new thing with the June purchase is our buying a home has triggered multiple scammers coming at us. That did not used to happen. Beware of such nonsense. +Potential retaliation lawsuit and other labor shenanigans aside--they take time to process which I do not have. I have a child due to be born soon and am trying to figure out an ideal strategy to ensure they have healthcare coverage. + +Some other details: + +* Termination Date: April 1, 2022 +* Healthcare insurance coverage for self+spouse from the former employer through April 30, 2022 +* Former employer will pay for first month COBRA (May 1-31, 2022) administered by BenefitsCONNECT +* Child will be born April 10 barring unforeseen circumstances. +* I'm in NY, if any state-specific rules apply. + +I reached out to the benefits manager for instructions about claiming a life event to add the newborn to the medical plan. Their response was that the plan which I had at the point of termination is the plan that they will provide through the end of April and that no qualifying life events apply. + +Going over the plan documents state that the newborn's routine medical care will be billed under the mother's account. Any non-routine care will be billed to the child's account, so that should cover routine expenses and procedures through to April 30 for both birthing parent and child. + +I had a look at the NYS healthcare marketplace ([https://nystateofhealth.ny.gov/](https://nystateofhealth.ny.gov/)) to try and price out an individual plan, but it seems the individual plans are all for adults, not for children-only. There is reference to something called CHIP which I assume is healthcare specifically for children. + +It's unclear if COBRA will allow us to add the child to the healthcare plan, even if I need to pay the difference between self+spouse and self+family plan. The documents are also set to arrive April 14, and the enrollment period for private health insurance is April 15. + +The current plan is: + +* Enroll the newborn in a private healthcare plan before the enrollment deadline of April 15 for coverage starting May 1. +* See if the COBRA administrator will allow me to add the child to the COBRA plan and pay the difference. + +I am fortunate to have an in-demand skillset, and plenty of interviews scheduled. So I don't anticipate needing this alternative healthcare for more than 2 months (May and June 2022). The main concern is ensuring the newborn's pediatric healthcare coverage, and being able to help the birthing parent recover from the birth that I had originally intended to do during parental leave. + +The questions I have are: + +* Is there a better way to ensure healthcare coverage for this child? +* Is there some sort of law / regulation which requires a healthcare plan makes available coverage during a qualifying life event? + +EDIT: I want to clarify that my spouse doesn't work, and doesn't have employer-sponsored health insurance. + +EDIT2: I also want to clarify that I'm not giving birth. My spouse is. +Some people say the reason for all this inflation is because of supply-chain disruptions, others say it is because we printed more money, and others say it is because of corporate greed and price gouging. + +Regardless of what the reason is, how will this all end? The cost of food, gas, and housing have gone up at a rate not seen in 40 years. The pandemic is fading away, but the war between Russia and Ukraine is still raging, which has driven up the price of a lot of things like wheat, oil, and fertilizer. + +The Bank of Canada has been raising the interest rates to combat inflation, and some say this will cause a recession. I figured this would bring down the price of a lot of things, but also cause a surge in unemployment as businesses go broke, which sounds like just as bad of an issue. + +Without being overly optimistic or pessimistic, how do you believe it will really end? Will inflation and the cost of living actually go down, or do you see this as permanent? If permanent, how do you believe the people of this country are going to respond to it? Could we be seeing massive protests in the coming times? +I just wanted to say that everybody here on /r/personalfinance is really great. I think the tips and advice given here really does help a lot of people from all walks of life. This past weekend I roughly added up all my assets (minus liabilities) and was pleasantly surprised that my total net assets were well over a million. I've always had the goal of getting to $1 million in my first 10 years of working. Being a doctor kind of slows your younger years financial planning due to the decade-plus of higher education and training,... not to mention student loans. Not sure why $1 million specifically was a goal,... other than the nice round number of it,... but it's reached. My long term goal is $1 million into the retirement fund every decade which I think should be pretty easy at this point barring some disaster. + +If anybody is interested I outlined some aspects of my life and philosophy that I think is responsible for this accomplishment. + +* Be goal oriented. + +* Work hard toward your goals. + +* Invest in yourself. Education, reading, training, experience, networking, and hobbies. + +* Don't spend more than what you make/have. This is true regardless of income. I save roughly 50% of my post tax income. Even when I was in college I never spent more money than I had in my bank account. + +* Pay off your credit cards fully at the end of the month. + +* Hang around with smart people. If you are the smartest person in the room, you are in the wrong room. + +* Don't be (close) friends with people who are self destructive. I think at a subconscious level the behavior of our peers does influence us to a certain degree. + +* Have hobbies outside of your line of work. Continue to pick up new hobbies and skills. Don't stagnate. + +* Like your job. Doesn't mean you have to necessarily like going in every Monday morning. But if you absolutely hate your work 100% time, you really need to rethink the career choice. + +* Be realistic. Everyone says you should be optimistic,... but in all honesty I think a healthy dose of realism is the best. You may like art, but unless you really have the talent of Da Vinci, getting that bachelors in Art is probably not going to pay off. + +* Be relatively healthy. Take care of your body. You don't have to be a health nut but try to eat healthy, a few hours of exercise per week, and don't do drugs (more on this below). + +* I know this is going to be controversial,... but I'm going to say it. Don't do drugs (legal or otherwise). Not because they are evil, ethically wrong, or some morality BS,... but rather because I have never seen drugs (which includes excessive alcohol) improve people's lives and I have seen it destroy many. They are typically expensive "hobbies" that at best are neutral for your well-being and at worst can completely destroy your life both legally and from a health perspective. + +* Don't "settle" on your choice of a SO. This may be the most important thing. We all fall in love but look very hard at the potential faults of your SO. If there are some big red flags, heavy drug use, dishonesty, violence,... move on. There are other fish in the sea. It's ok not to compromise on core values. And no, you won't be able to "fix them." + +* Don't lie, cheat, be dishonest or vindictive. It never helps you in the long term. + +* Buy things and spend money on things that make YOU happy. Don't worry about what other people think as you can never "keep up with the Jones's". + +* Try to fix things yourself when when they break. It's amazing how daunting it can be to try and fix a leaky toilet the first time. But you watch a youtube video, by the $8 in parts, and spend 20 minutes doing the actual work. You learn a new skill, save $200 on the plumber's fee, and won't panic the next time it breaks. + +* Care and try to help others (but not to the point where it will directly hurt you or your loved ones). I think the act of giving is underrated. I personally feel that directly helping others with tasks or advice is better than directly giving money. + +* Last, enjoy life. Saving money is not the actual goal, it's about being free to do what you want in life. I travel, buy "toys", fund my hobbies, build things myself, and generally spend on things make us happy. Money = Freedom and peace of mind. + +Well, sorry about the rant but I figured I share my experiences. Best wishes to all my fellow /r/personalfinance friends. + +**EDIT:** I've had a lot of PM's asking why this was removed and if I can send them a copy of the original post. I contacted the mods, they reviewed it and put it back up. So it's back. Thank you mods for re-evaluating the post. + +I also wanted to clarify the intent of the post as it seems there has been some confusion about this. It is NOT a instruction guide on "how to make $1 million dollars in 10 years." The $1 million in 10 year time frame was a personal goal of mine based on my income, standard of living, fixed costs, and savings goals I thought I could meet. Obviously if your income is different, costs of living higher or lower, etc... your goals will vary. The point I was trying to make is that my general bullet points could be applied to most individuals. The actual monetary goal and time frame would be variables that are different for everybody. + +I will say one thing about people that claim that saving $1 million dollars for the average person is not doable. It is the equivalent of saving $405 every month from age 25 to 65 (with a 7% interest rate presumption). That's the equivalent of saving 10% of the average American household's income on a yearly basis. Not saying that it can be done for everybody, but for the majority it can be a realistic goal. +I think it's a pretty safe bet to say that the majority of the users in this sub will never truly achieve FIRE as per the definition in the sidebar. + +While almost everyone will undoubtedly be far better off financially in the long run than the Average Joe, I think that most will find themselves sidetracked for one reason or another before reaching the point where they have sufficient assets to never have to work again for the rest of their lives. + +This is neither a good thing nor bad thing nor a positive thing nor a negative thing, it just is. + +Some people are young and single and don't really know what they want out of life and will chart a new course when they find a partner and perhaps start a family. + +Others will find that they no longer hate their job once they're 10 years in and now have more autonomy and can work on projects they find interesting. + +Some will tire of living an ultra frugal lifestyle. + +Others will decide they prefer a lower paying job that they enjoy rather than grinding at something they hate in their quest for FIRE. + +Some will get fucked by a poor investment choice. + +Others will lose enthusiasm during a recession. + +Others still will lose their highly lucrative job and never find another one. + +And so on. + +And many will just realize that in the end they prefer a life of reasonable spending & saving where they can retire comfortably on time while not having to sustain the cuts required to maintain a high savings rate. + +So if you do wind up 5 years from now looking at FIRE as a dream you used to have, what do you think will have been the impetus for the shift in ideology/life plan? +I had a really good conversation with someone yesterday about buying/owning a home because "that's what they were told was the thing to do". As a result, they are kind of miserable now - they only eat basic food, the same they had at uni, they can't go travelling and they feel somewhat limited. + +I understand this is a delayed gratification type thing but where do you draw the line for quality of life? + + +**Edit:** Consensus is: + +Buy within means - 3-4 x annual income + +Renting offers potentially more freedom but equally heavy weight around ya neck + +Buy small, chip away, refinance + +Don't have kids, own a shit box car and maybe a dog +**Introduction**: This post is part of an ongoing monthly early-retirement series that will continue indefinitely, provided that the voting reflects the view that it is still seen as relevant to the community. I suppose that this is my way of giving back to a movement that helped me tremendously on my journey. As this post has become increasingly popular based on the number of views and comments, and as my desire to spend a great deal of the first day of every month on reddit has significantly waned, **my responses will be very limited going forward**. Career and background summaries are provided at the end and repeated every month. Please check there to find answers to potential questions. + +**Model**: I wish to maintain a portfolio that began in June 2017 at $1,025,772. I will use a maximum withdrawal rate of 3% of the year’s starting balance, provided that the portfolio remains above $1M. This amount is $2564 per month for 2017, based on the June 2017 starting balance of $1,025,772. Should the portfolio drop below $1M, I will lock back into a maximum $30k/yr guardrail withdrawal until the market recovers. I realize that this is not how the holy Trinity works, but since 3% is well within historically safe territory for indefinite portfolio survival, and since our withdrawal rate has actually averaged below 2.5% of the original portfolio balance thus far due to earning additional income, we have some flexibility. + +**Spending**: Living expenses for the month came to $3618. This is $1054 over the 2017 monthly targeted amount of $2564. Our spending was 41.1% over budget for the month, now 19.7% over for the year. We generated $1227 of income this month from my wife's part-time fun job at the library and some of my old book royalties. Our investment withdrawal was $2665 this month, thus our pro-rated annual withdrawal rate is 3.12% for the month and 2.19% for the year. Without the additional income stream, our pro-rated annual withdrawal rate would have been 4.07% for the month and 3.59% for the year. + +**Investments**: The portfolio went from $1,098,383 to $1,111,949 (a 1.24% increase for the month), which dropped down to a new total of (drum-roll) $1,109,284 after paying the bills. This is an 8.1% increase from the original starting balance of $1,025,772, even after withdrawals of $13,992 for living expenses over seven months. Since retirement, capital income from the investment portfolio has produced the equivalent of a full-time employee generating $80.36/hr of labor income. VTSAX (61% AA) went up 0.7% this month (19.0% for the year); VFWAX (21% AA) went up 1.4% (23.7% for the year); VWLUX (18% AA) did what it was supposed to do. + +**Reflections**: Our investments are once again at an all-time high, primarily due to passage of the tax cut for wealthy job creators like myself. /s Spending continued to be over budget in December due to the $1100 property tax, $400 six-month car insurance premium, and $200 payment for trees. This should settle back down next month. The increase in the new year-end balance from $1,025,772 to $1,109,284 means our spending budget will increase from $2564 to $2773 in 2018. I’m gonna get some extra cheese on my Whopper! + +**Experiences**: I broke the three-hour barrier in the marathon by going 2:58:18 on 34 miles per week of running during the training cycle. I consider this to be my greatest personal accomplishment since retirement, especially considering the healthy amount of skepticism shared by the running community on being able to do so with less than 50 miles per week. I finally played all of the PS1 games that I purchased nearly a decade ago, including Chrono Cross, Dragon Warrior VII, Xenogears, and Final Fantasy V. I’m still volunteering at the natural history museum. I’ve watched a few of the new movies that are expected to compete for awards this season. I planted a lot of trees and picked up a lot of litter. I made a fairly detailed map of our property. Looking back at this partial year, it’s hard for me to comprehend how much time I’ve spent housekeeping, cooking, weightlifting, running, swimming, volunteering, writing, exploring, building, gaming, reading, studying, internetting, mapping, napping, planting, listening to music, watching movies, picking up litter, and visiting family. My life expectancy is fifty more years, but I feel like I’ve lived a lifetime in just these past seven months. I would not return to retail pharmacy for triple the salary. I do not know what real stress is. I do not know what alarm clocks are. My life is so much better than it was before. I hope everyone here finds this peace. + +**Upcoming**: The following is a rough plan for 2018: half-marathon in February (1:24?), full-marathon in April (2:55?), two-week vacation across Middle America in April, half Ironman in August (5:15?), three-week vacation across Northern Japan in September, half-marathon in October, and full-marathon in December. Other projects for 2018 without set dates: construct an astronomy exhibit for the museum (possibly opening my own small museum), become a volunteer running coach (possibly becoming certified through RRCA), regain some proficiency in Japanese before the trip, play all of the Nintendo Gamecube games that I bought ten years ago and never touched, bench press my body weight (155), bowl a 200 game or possibly a 600 series (last bowled 200 when I was in a league eighteen years ago), watch Game of Thrones, play Final Fantasy XV all the way through once it gets a PC release, and significantly improve the appearance of our driveway. I’ll also be doing whatever the fuck I want. + +**Career**: I am a former retail pharmacist who hated his profession for the following reasons: unacceptable amounts of stress, lack of civility from the general public, capitalism gone amok, fundamental disagreement with the overuse of pharmacotherapy as an answer for underlying health issues, and a severe opiate crisis that few have yet to appreciate. I attended college for eight years to earn a bachelors and doctorate before joining the workforce for nearly twelve years, entirely with CVS. $150k in education costs were covered by academic scholarships ($25k), employment during college ($20k), prior savings from high school employment ($5k), revenue from an eBay business while in college ($10k), and massive help from my parents ($90k). + +**Background**: I retired at the age of 38 on June 6, 2017, the day before the twentieth anniversary of my high school graduation. I am married with no kids and generated over 95% of the family income while employed. We live in LCOL rural TN. Our asset allocation goal is approximately 60% VTSAX (total US stock market) / 20% VFWAX (total INTL stock market) / 20% VWLUX (US municipal bonds). We also hold roughly $400k in house, land, and belongings not included in the portfolio. My spending model places no dependence upon supplemental income (future employment?), social security ($10k/yr?), inheritance ($500k?), house equity (no heirs), universal health care (probable?), or universal basic income (possible?). The final balance will be left to charities and worthy causes. + +I got a pretty good job making 50k a year and I want to really start saving. + +I'm 24 and still live at home and parents want me to stay. + +My biggest debt is $29k for my car. I know I know. But cars are my thing. They're my hobby. They're my life. Is it more than I can afford? No. Is it expensive and stupid to some? Yes. Car is financed for 2.49%, I can go to my credit union and get it refinanced for 1.49% which I plan to do this month. + +After that I have a loan for a few hundred dollars at the same credit union. That's at 3% and should be paid off next month. + +After that no debt whatsoever. + +Bills are: +$450 a month for car +$110 insurance +$100 phone. +Gas changes since it depends if I'm going on a trip or just lots of driving. (Remember, cars are my thing) + +I'm adding $200 a month to my deferred comp as I got on my feet with the job and will bump up soon unless there's a better way to do it. + +Where should I start so that when I hit my 31 years with the job at 55 I can walk and be good with my pension and my retirement fund. + +Thank you +So putting up interest rates will help curb inflation right? + +Assuming the vast majority of under 50s have mortgages to pay for, this will be another cost that will go up. I won't have more money, and I'll have less. + +So how's this suppose to work? +https://www.ft.com/content/ce87f48a-7208-11e5-9b9e-690fdae72044 + +I wonder, do billionaires whose wealth is initially mostly through their massive ownership of one stock start selling as soon as possible in order to diversify? +I have about 70k in my old 401k plan from my job that I left about 9 months ago. I would like to be able to invest this with more freedom. I’ve read that converting it to a Roth IRA is an option, although I know that means I’ll pay taxes on the 70k. What’s the best way to go about this, and what kind of amount should I expect to pay in taxes if I do this? +I am at around $1.5mm yearly income. $2mm in liquid net worth mostly in VTI. + +I am trying to follow a Boggle philosophy. Aiming for around 80% total market index fund and 20% diversified bonds. + +I wonder what to pick for bonds. VBTLX seems like a natural pick but I wonder if it makes sense to pick one of these Vanguard tax exempt bond funds because I should be in the highest tax bracket this year. For example, I am considering VWLUX or VWLAX. (Vanguard High-Yield Tax-Exempt Fund Admiral Shares) + +I understand these will go down if interest rates will go up even if it’s not exciting prospect. + +What are you all doing? No more bonds at all, regular total bond funds, or what is your tax exempt fund if you have one? + +Thanks for sharing! +Hi all, + +I'm a low income earner (£18.5k a year pre tax, pre covid times) and have managed to save up the recommended 3 month buffer/ rainy day money in a standard savings account. + +I have also got around £500 saved up across other savings accounts etc that I would like to invest and get into the stocks and shares market. I have accepted and am happy to risk this £500 as I have the 3 month emergency fund saved if things go tits up. + +My question is do you think £500 is worth investing? Or should I wait until I have more saved (£1k +)? My partner thinks I should wait as £500 isn't much money to get started with and is more likely to be swallowed up. What do you guys think? + +Right now I think my options are to: + +1. Go for it and see how it goes, I'm already prepared to lose the money. +2. Keep the £500 in a savings account (even though interest rates are mega low) and wait till I have £1k+ +3. Put the £500 into Premium Bonds while I'm waiting to save up the £1k + +Finally, if you do think I should go for it and invest the £500 do you think I'm best off with just a S&S ISA or actually start buying stocks? + +Any responses are very much appreciated as I keep going round in circles! Thanks + +&#x200B; + +EDIT: Ok guys thank you so much for all of your advice! I have decided to open a Vanguard S&S ISA and have opted to invest in the Lifestrategy 80% equity fund. And now I need to learn how to be a patient soul... + + +Honestly when you do the maths for FIRE (Financial Independence, Retire Early), the numbers just look insane. + +E.g. If you take an average income of £30k and wanted to replace that enitrely with income earned from investments than that means you'd need just about £1mil invested in the stock market if you go for a 3% withdrawal rate. + +I really dont see how this is actually achievable unless you save & invest £2000 every month for 20 years. +\*First post in r/personalfinance so I apologize for unknowingly breaking any rules\* + +This is my first corporate job out of college, and I've been with the company for a little over a year at an Operations role (boring/repetitive). I barely used any PTO and have accrued a good amount of PTO over time. If I leave the company before 2022, I will have ALL of my unused vacations paid out, which is a little over $8000 post-tax (can easily last me 2 months), and I can only carry over 5 days into the next year. I'm currently applying/interviewing at other companies. In a perfect world, I would have a job offer elsewhere before leaving the company. However, there's a chance I don't find something before the end of the year. + +Should I still leave and then fully dedicate my time to apply/interview other places? Would I be able to collect unemployment while I am job hunting? Please feel free to share any other suggestions. + +Thank you! + +&#x200B; + +Edit: + +Another reason I also want to leave is the commute. We were fully remote up until a month ago, and now going in twice a week, which isn't bad, but they can always increase that at any moment. If other employers were to ask why I quit, I can bring up the commute (1hr one-way). + +Edit 2: + +Some people have suggested taking PTO to look for another job. In my case, it's a little difficult with only 1.5 months left in the year to take off days, since it would conflict with other colleagues' PTO schedules. I have been interviewing at other companies during the days I WFH. + +I also don't see this type of work long-term so I have also considered maybe doing a Bootcamp and going into a more analytical/data role (also the jobs ive been interviewing at). +Suppose you bought your shares in Sears at the beginning of 1989. Back then, Sears Stock ($S) was trading at about $16 per share. You would have had purchased 6,200 shares of stock with a $100,000 investment. + +Sears stock paid dividends. + +From 1989 through 2005, Sears would have paid you $125,000 in dividends. + +In 1994, Sears spun off Allstate. Each Sears shareholder received 0.93 shares of Allstate for each share of Sears. So you got about 5,766 shares of Allstate. In July 1998, Allstate shares split 2:1. So now you would have had 11,532 shares in Allstate. + +Allstate is currently trading at $94 per share. That’s $1,084,008 + +Allstate paid dividends. Since IPO, they would have paid $277,690 on all your shares. (Not reinvested) + +In 1993, Sears spun off Dean Witter. Each shareholder of Sears got 0.39031 shares of Dean Witter for each share of Sears. You got about 2,400 shares of Dean Witter. + +Dean Witter then acquired Morgan Stanley, (they took the Morgan Stanley name) In 2000, it split 2:1, so you now have 4,800 shares of Morgan Stanley. It split 1:3 in 2004, making your investment 1,600 shares. Morgan Stanley is now trading at $41.19. So you have $65,905 in Morgan Stanley. + +Morgan Stanley paid dividends. A total of $65,688 since being bought by Dean Witter. + +This brings your initial $100,000 investment in Sears in 1989 to **$1,618,291** without reinvesting dividends! + +**Edits**: Commenters gave me some reminders of other spin-offs. + +Morgan Stanley spins off Discover in 2007, at 1 for every two $MS shares. This would give you 800 discover shares. Discover is currently trading at $69.72. This would net you a total of $55,776. + +But discover paid dividends! A total of $6,560 since you acquired the shares. + +In 2012, Sears spun off Sears Canada, giving each shareholder 0.42 shares per sears common stock. This would give us 2655 shares of Sears Canada. Sadly, this is only worth $50 flat today. Fortunately, they did pay dividends. A total of $34,515 since you acquired the shares. + +Sears spun off Lands End in 2014. Gave you 0.3 shares per SHLD share. You would have acquired 2295 shares of Lands End. At current share price, this would net you $39,451 + +Additionally, Sears still exists. Sears stock is worth $1.70 per share now. This would be an additional $13,953 on to your total return, given their split history. + +In total, your return without reinvested dividends comes to **$1,768,596** + + +I am thinking about relocating to NYC for a year or two, few years into my FIRE. + +My details are + +1. 50s year old couple, empty nester( off to college and 529 has been set up) +2. Eat out at nice (cheap and M \*\*\*) places +3. a lot of cultural activities ( Wagner Ring Cycle, Broadway, Met) +4. Jump off location to EU for travel +5. I assume no cars... + +NW allocated during this time will be in $7M range. Assume I can withraw mostly tax free and healthcare insurance is provided free. After the journey, I would like to take my $7M (inflation adj) and move to EU. + +Above NW will be FATFire in most place, but what would it get me in NYC? + +For housing, I would prefer to rent, but purchase is not totally off the table. with the mix of $7M in Net Asset what would be doable???? (you can assume #4 is also taken care of with miles for airfare and hotels, and don't have to be budged separately) + +What other ticks/hack/tips would you recommend for this 2 year stay in NYC? + +\[EDIT: Title should say $7 M, not 7 dollars..... \] +I've been really happy with them. Nobody bothers me and it's simple. 3 fund portfolio. Is there any reason to switch? Besides a PAL what do I stand to gain? I already have a couple accounts at Schwab for checking and some old company stock. +I've been noticing a lot of talk about a "fake squeeze" happening lately. The idea is that shfs will let the price rise and then short it into the ground after a new ATH and have another round of msm articles proclaiming moass over. The idea seems to be based on JP Morgan alluding to a coming short squeeze. I'm just thinking outloud here but I suspect the true ploy here is to spread the idea of an upcoming attempt to fake a squeeze so that people consider selling some shares with the intention of buying back in after and multiplying their position. I think this might be an attempt at installing a failsafe to create enough sell pressure at the beginning of what could become MOASS and thwart it. We have a strong theory that they could never let the price get so high without marge calling for real, so remember that when it starts going up to new heights that this most likely IS the beginning of the real MOASS. You will likely be giving up your moon tickets if you sell and will not have a chance to buy in at a lower price. And if you DO have that chance, then you could potentially have helped stop or slow down MOASS. + +TLDR: Wtf do we care if it's a fake or a real squeeze. The real squeeze will come regardless. Don't day trade GME, and HODL until phone numbers! + +I'm not a financial advisor, I'm a smooth ape. This is not financial advice. +I am by no means in Fat Fire yet but on my way as I’m approaching $2M in net worth soon and I work for a financial services company. + +Throughout this tough time due to Corona, I have been living a better life than before due to less corporate travel and spending more time with the family at my beach home. + +From a work perspective I have been one of the only people to get more compensation than last year including big bonuses and complete job flexibility. + +Yesterday I started feeling really guilty that I have a second home that has kept my family sane over the last month and that our financial situation keeps on improving. +My wife reminds me that we are in our position because of hard work and planning. + +Does anyone else go through these bouts of guilt about their wealth? + + +Edit 1: I never defrauded anyone or stole money and do not feel guilty for that. + +Edit 2: I was raised in poverty but was still privileged since my parents valued education and pushed me to succeed. + +Edit 3: I have been so focused on making it that I completely overlooked giving back in a consistent and substantial way. I am going to form a family meeting once a month for the family to meet and discuss how we are going to help, this will include many of your suggestions e.g. +1) buying local, +2) ordering food from local restaurants instead of cooking to help support them, +3) donating money to worthy causes, +4) volunteering time to worthy causes, +5) and help mentor anyone that is interested in learning the FIRE lifestyle. +I'm seeing a lot of posts about don't try to time the market and to continue investing as usual, but has anyone experienced a slow down at their workplace to the point where they are concerned for their employment? + +My anecdotal experience is that tourism and service jobs are down, and it's hard to find temporary work at the moment, with casual shifts being cut. There's been a general trend of increased price competition in my professional sector, as well as a slow down in construction applications and approvals where I live. + +I've also started to increase my emergency fund to 12 months and probably will again in the case of prolonged unemployment should the worst happen. Does anyone else share these concerns or am I overtly pessimistic on the outlook? +In October my sister and I had a hostel booked in Munich with a 9am check-in time. Long story short, check-in never occurred; we waited hours as our check-in time kept getting pushed back and back, we were told 10, then noon, then 1, then 2, then 3, then 5... finally we gave up and asked for our reservation to be cancelled as we had missed our plans for the day waiting and somebody had warned us about bedbugs in the hostel while we were waiting (all reviews online confirmed it). We checked our bag and actually found one crawling around on it- I have a photo of it after I killed it. Hell no we weren’t going to risk staying there. We had to have money wired for an emergency last-minute Airbnb. + +Man at the front desk was very rude and told us we would be charged in full for all days. He claimed our room would be ready in an hour and we needed to wait, and when we mentioned the bedbugs he said we hadn’t been up to our room so how could we know there was bedbugs in our room? He also said that the site we booked through that said 9am check-in was a 3rd-party site unaffiliated with them. Their own website says 3pm (somewhere, but we couldn’t find it). Obviously, he refused our refund on all fronts. + +We left, I did a chargeback on my card upon returning to the states. I received a balance correction while the dispute was contested. A few days ago I got charged again for the full amount, so I’m guessing my dispute was rejected. + +Considering the booking was legitimate but through a site not affiliated with the hostel, the bedbugs situation (with pic of bedbug in the lobby, but not our room), and the fact that we didn’t stay there, is it worth calling and escalating the dispute to try to get a ruling in our favor? + +ETA: We booked through the 3rd-party but didn’t pay through them; we were charged the full stay when I handed over my card upon arrival at the hostel, prior to waiting for hours. + +ETA 2: I did receive the cancellation policy in the original booking email that stated that cancellations were allowed 24 hours prior to arrival date. We were staying 2 nights, so at the very least I believe my second night should have been refunded, unless they mean cancel 24 hours prior to date of entire reservation. Honestly, if I have to pay I won’t lose sleep over it, it would’ve been much worse to stay in that nasty infested hostel. Just was not sure if late check-ins and bedbugs were legitimate means for emergency cancellation. Thanks everyone for your responses! + +ETA 3: To clear up a few more details; the charge on my bank statement says “balance adjustment,” which leads me to believe it’s from the dispute outcome and not a duplicate charge from the hostel. + +Multiple people have mentioned the 9am check in as odd; the site we booked through was in German so perhaps mistranslation led to it seeming like a check in time rather than arrival time. Either way, when we arrived we were told a room would be ready for us in an hour or so, then another hour or so, and so on. When we came back after lunch the lobby was packed (and I mean, PACKED) with tourists waiting to check in, which leads me to believe that we weren’t the only ones given an earlier possible check in time. Had we known and not been strung along, we would’ve gone to our plans with bags and all. + +My sister and I were quiet and polite waiting in the corner of the lobby. We checked in once ever hour or so with the man at the desk and were nothing but courteous and patient. Regardless, he snapped at us (and everyone else in the lobby) at the slightest question or inconvenience. I understood that he must’ve been overwhelmed being the only one working, but after enough observation I realized that he was just an asshole working in the wrong industry. Or just exhibiting some of that famous European hospitality. + +We were content to wait (unhappy about it, but what could we do?) even though we missed our plans for the day. We got to talking to some others waiting in the lobby who started warning about bed bugs in the hostel. That’s when we got paranoid as we had been sitting in the gross couches in the lobby, and we started looking online and reading all the reviews. That’s when we checked our bag and found a bed bug and decided to hightail it out of there. The wait was bad enough, but we weren’t going to risk our health and belongings by waiting AND staying in an infested room. + +We were still polite when we requested to check out and the man was exceptionally rude and belittled me to the point of tears. I’m not proud that he made me cry, but he did, and he intimidated me so bad about not contacting management for a refund that I suppose that’s why I didn’t try. We just grabbed our things and quickly left. + +The booking site didn’t charge us, we were charged when we handed our card over at the desk. +**What are some "boring" US stocks that consistently deliver strong results and have a strong balance sheet? The likes that will never go away?** + +What comes to my mind are the likes of $KO, $BLK, $BRK.B, $JPM, and $T. + +Consistently delivering dividends would be a great +. + +Right now I have been focusing on Norwegian stocks, and so far I am around +350% up this year since I hit the jackpot with Solstad Offshore (ticker SOFF on the OBX exchange) and the energy stocks here have been booming. + +But now feel like exploring the US market. As of today, I only have Apple (AAPL) and Lithium Americas ($LAC), not more than 1500$ invested in total - just to get a taste. + +Any suggestions or discussion would be greatly appreciated! + +**Disclaimer: I know do not know s\*\*\* about f\*\*\* about the US market, hence my question here.** +So we weren't expecting this at all. But we have been tired of renting because we have a young family and it's just such a pain sometimes the places we've lived at not having enough space and having all sorts of rules to follow. But we figured we were stuck renting cause my credit got destroyed about 2 years ago. + +But we threw an application in at a mobile home place and we got approved for a double wide we want! The interest rate is "high" at 8%. And we have to put a larger downpayment down. But were just estatic we got approved and we will definitely be refinancing for a lower rate in a few years. + +I just wanted to tell somebody! +Hi all. +Finally my home is paid off. Valued at $600k and paid off in 12 years and now not sure on some next steps. +Looking at where to put about 4K per month now I’m not putting that on my home. I Currently have a small investment property paying $330 per week. This is just covering the monthly interest in that loan, plus a little more on the principle. +I’m tossing up if the additional 4K per month should go on the investment loan or not. I have a feeling that investing into some high dividend shares/etf would be a better way to go. +Any ideas I would greatly appreciate. +Mino-Lok® has the potential to change the standard of care for treating catheter-related bloodstream infections + +CRANFORD, N.J., March 23, 2021 /PRNewswire/ -- Citius Pharmaceuticals, Inc. ("Citius" or the "Company") (Nasdaq: CTXR), a specialty pharmaceutical company developing and commercializing critical care drug products, will participate in the virtual Benzinga Biotech Small Cap Conference being held March 24-25, 2021. Citius Executive Chairman, Leonard Mazur, will present on Thursday, March 25 at 2:55 pm ET. Investors may register for the conference at the event website. + +During the corporate presentation, Mr. Mazur will discuss the Company's Phase 3 program for its lead product candidate Mino-Lok®, an antibiotic lock solution being developed to treat patients with catheter-related bloodstream infections (CRBSIs). + +"We are eagerly awaiting the third interim efficacy analysis from our independent Drug Monitoring Committee regarding the Mino-Lok® Phase 3 trial in progress," said Mr. Mazur. "This pivotal trial is progressing according to plan, and we expect full enrollment this year. The antibiotic lock solution market is large and substantially underserved, with an estimated market opportunity of $750 million in the U.S. and over $1.5 billion worldwide." + + + +https://ir.citiuspharma.com/press-releases/detail/139/citius-pharmaceuticals-to-highlight-its-phase-3-clinical +Edit: Thanks for all the input! I will try and get on to Tenants Victoria or Consumer Affairs Victoria and run it past them as well. I will also try to understand the landlord's reasons in a bit more detail and genuinely try to be reasonable without accepting any outcome I'm less than happy with. I'll post again in a couple of weeks with an update for those interested! + +------------------ + +Hi AusFinance, I see a few of these posts from time to time but was surprised to get a call from the REA this morning asking me to move out by July. + +Context - apartment in Melbourne not far from the CBD, I moved in February on a 12 month lease and have had no issues or conflict with the REA or LL so we are good terms. I know LL is a small business owner so I'm assuming they are doing this for financial reasons but I will ask them to clarify before we negotiate anything. + +REA mentioned if we can't come to an agreement that LL can go to VCAT, does anyone have experience with this and know the likely outcome if I refused to move before the end of the lease? + +Ultimately I don't mind moving given I would have to move next Feb at the latest anyway. I'm aware I picked up this place for pretty cheap rent so I'm worried I'll have to pay a bit more for something similar. The LL is open to negotiating some sort of compensation, I will go hard to cover moving costs, risk of higher rent for the next place and general inconvenience, especially given their alternative will cost them a bit. + +I will do my own research as well but keen to hear any insight or experience you have! +There are a *lot* of people pretending to be WSB. + +I am not going to dignify them with a mention. + +But let's be clear. + +#**WSB will never ask you for your money.** + +A lot of people ask us why we have the rules we do. + +The simple answer is, our rules are written in ~~blood~~ red portfolio ink. + +There's always someone looking to fuck someone else over. + +My advice? Don't get fucked. Instead, fuck. +My wife got diagnosed with cancer this past June and we were uninsured. We finally got insurance through the ACA in July, but she had a $12,000 procedure done earlier in June. I set this bill up on a payment plan with the hospital but I was struggling because I left my job back in January. My wife's cancer is terminal so she requires full time care leaving me unable to seek employment at the moment. + +After reading some advice here, I spoke to their billing department and asked how one might qualify for financial assistance. They sent me some paperwork in the mail asking about our situation and to provide justification along with any documentation. I provided a verification of my employment dates, my lay off notice from my employer, a copy of the unemployment payments made to me, and wrote a statement explaining my wife's cancer and my inability to join the work force. + +Two weeks later they sent a notice stating we've been approved for a reduced payment of 90%, now owing approximately $1,500. + +What a huge burden that's been lifted off my shoulders. + +I hope this info helps someone else. + +*edit* - People arguing with me over the semantics of the word negotiated. You're right. Wrong word to use. + +The actual bill was not exactly $12,000 but very close. + +As for not getting COBRA, the premium was $1,000 a month for my wife and I. She is 29 and I am 34. Both relatively healthy and have never been to the doctor. We blew it off. Blew off the ACA too. Huge mistake and life lesson harshly learned. +So people on here keep making out that owning a house is wayyyy more expensive then renting when you factor in water, rates and everything else but the people I know who have a house disagree so it makes me think the people on here are just part of the problem with people wanting to buy their first home. What do you pay roughly a week on repayments and what was your loan? + +Edit: are repayments more then 2400 a month? (For an average loan around 400k) a lot of comments are saying if people can't afford rent and save 200 a week they shouldn't buy a house but that's atleast 600 a week that could be put towards a house (including and quarterly rates I haven't mentioned) +^(January 25, 2021) + +* **Citadel, Point72 back Melvin with $2.75 Billion** + +*This is a good starting point yes? No matter what they paid the media to say, I do not believe Citadel redeemed all of this money back over the next year and a half. In bankruptcy there are legalities between picking and choosing which debts to pay back. "Let me pay my boy Ken back and let all my creditors and investors just hold our bags."* + +&#x200B; + +>Your parents, siblings, other relatives, and close friends (Kenneth C. Griffin) are “insiders” in bankruptcy law. 11 U.S.C. § 101(31). In other words, the court knows that you’re likely to choose to repay them over other creditors. So, they’ll look very carefully at any payments you make to friends and family before filing. Payments to insiders are called preference payments and they’re prohibited by bankruptcy law. + +&#x200B; + +*So rather than file bankruptcy, Gabe Plotkin decided to pay back his close friends in full, while all his other clients take the losses when Melvin liquidates for a loss and shuts the door. So was the $2.75 billion a 6 month bail out, loan, investment, or just a facade to kick the can? This needs to be investigated. Because Melvin lost much more in Q1 of 2022 yet was still able to pay back Kenneth C. Griffin in full while he was losing and afterwards? This will be investigated for sure, but that's off topic.* + +&#x200B; + +&#x200B; + +^(February 18, 2021) + +* **Kenneth C. Griffin Lies Under Oath** + +[https://www.youtube.com/watch?v=vJrgPNyFrLw&t=4s](https://www.youtube.com/watch?v=vJrgPNyFrLw&t=4s) + +&#x200B; + +&#x200B; + +^(March 8, 2021) + +* **Citadel issued $600 million in convertible bonds to raise money.** + +https://preview.redd.it/sbb7onfpwrm91.jpg?width=1277&format=pjpg&auto=webp&s=2d53288fc7873dfea0e7dc8ec85e85edef178601 + +*How does this graph look? Does this look promising to you guys? It's not really raising money when your bonds are down and you owe 3.375% for 18 months (x3) today, and ongoing every 6 months for the next 5 years. And this is why appearance is everything. Would anyone buy Citadel bonds in the future when everyone is losing money on Citadel, except Kenneth C. Griffin. Much like his pal Gabe Plotkin, the investors lose, while Kenneth pays himself over billion a year, buys a copy of the constitution and new homes for millions. Not unless investors are allergic to money.* + +&#x200B; + +>Bond prices decline when interest rates rise, when the issuer experiences a negative credit event, or as market liquidity dries up. + +&#x200B; + +*Ouch. Notice the first Coupon Payment Date? September 9, 2022. What's today again?* + +&#x200B; + +>What is Coupon Date? The coupon date is **the date on which the bond issuer must make a interest payment to the bondholder**. For most bonds, the coupon date is every 6 months from the date of issue. + +&#x200B; + +*...and a month later?* + +# ↓ + +&#x200B; + +^(April 30, 2021) + +* **Citadel Luxembourg was dissolved** + +https://preview.redd.it/hbc4rf3c3vm91.jpg?width=792&format=pjpg&auto=webp&s=3453ad4922e3d306ed41ea69d85301038bb1a949 + +*This makes me wonder if they voluntarily liquidate or dissolve (much like Melvin, without filing bankruptcy), do they pay the people they want to pay back and liquidate for a loss (leaving the clients connected to this branch to take losses), while moving the money and assets back to the flagship branch? So clients are losing money connected to this branch, but the flagship Citadel is able to add these "transferred" assets to their balance sheet and continue to look like they are in the green? I wish someone would look into this tactic. Can they move all their positive investments to their flagship while leaving these branches with all their bad investments? Quietly dissolved, save reputation, pump their flagship balance sheet, swindle new investors padded balance sheets?* + +*Full legal documents here.* [https://gd.lu/resa/2mng1G](https://gd.lu/resa/2mng1G) + +&#x200B; + +&#x200B; + +&#x200B; + +^(August 21, 2021) + +* **Citadel allegedly redeemed $500 million dollars back from Melvin** + +They weren't calling on Melvin to give back $500 million because they were in good shape, Citadel was obviously trying to raise funds with their convertible bonds (which weren't needed according to their earnings), and in trouble. How do we know Citadel wasn't in good shape? December 7th, 2021 ↓ + +&#x200B; + +# + +^(September 28, 2021) + +* Kenneth C. Griffin rants on Twitter through his Citadel account about conspiracy theorists and congratulates Robinhood for their great success story. + +https://preview.redd.it/irgl76lmusm91.jpg?width=1281&format=pjpg&auto=webp&s=470a4f0f2ac9bf8f9490e0d8d7505fc78053a3be + +*Again, how do we know Citadel wasn't in good shape?* + +&#x200B; + +# ↓ + +^(December 7, 2021) + +* **Citadel's Withdrawal Restrictions (December 7, 2021)** + +The $43 billion Citadel fund has now updated its liquidity terms for all investors, limiting quarterly without-fee withdrawals to just [6.25 percent](https://www.bloomberg.com/news/articles/2021-12-06/millennium-citadel-winning-the-war-to-keep-client-cash-longer) from the previous 10 percent. This means that it would now take a client 16 quarters or four years to fully withdraw funds invested with Citadel. Under the previous regime, it would have taken 2.5 years to do so. + +&#x200B; + +*Why this isn't talked about anymore is beyond me. Citadel is in trouble and this* ***voluntary*** *action which forced their own clients to* ***involuntarily*** *stay invested longer because they were obviously losing their investors at an alarming rate. This is all anyone needed to know. By the way, this was during a strong bull market when the SPY was going crazy and there would be NO REASON to limit without-fee withdrawals unless you had underlying issues that you couldn't discuss publicly (because if institutions knew the truth, Citadel would crumble instantly).* + +&#x200B; + +&#x200B; + +^(January, 2022) + +* **Citadel allegedly redeemed another 500 million from their Melvin investment** + +*My 2 cents: Gabe Plotkin knew his situation was dire and Kenneth C. Griffin had to control the narrative by making sure to stay on top of the news, for his investors sake. When they gave (if they gave) Melvin the $2.75 billion they had NO idea this would end up with 71.3 million shares DRS. Say what? They were just going to control the run up, turn off the buy buttons, FUD retail, bankrupt GME regardless, and Melvin eventually wins on it's short bet and Citadel gets paid back with interest; all hedge funds are happy. Citadel had no idea the movement that started. But do you really believe Citadel redeemed the entire backing it just gave Melvin less than a year ago (as Melvin kept losing money)? Not likely. Much like the media wasn't truthful when reporting all the shorts had been closed, it's all to save face. Once retail started to DRS Melvin had no chance. Melvin was on the brink of bankruptcy and Gabe Plotkin had to report this to his clients. Melvin and Citadel worked out a plan to make sure the media reported Citadel magically got their $2 billion back. But how? Melvin Capital kept losing billions well after the January 2021 run up. This is all to protect Ken and Citadel's image and keep his clients & investors on board. This is the guy that had a cease and desist letter sent to an airplane pilot. Think about it. Image is everything. This is why you have to sort through the bullshit paid lies about their huge June/july gains, and ask yourself why are they closing down LLPs, borrowing money, and down so much in their bonds?* + +&#x200B; + +&#x200B; + +^(January 11, 2022) + +* **Citadel** [announced a $1.15 billion investment](https://www.marketwatch.com/story/citadel-securities-draws-first-private-investment-round-with-backing-from-sequoia-and-paradigm-2022-01-11?mod=article_inline) **from venture-capital giant Sequoia and cryptocurrency investment outfit Paradigm.** + +*This whole situation was extremely weird because when they announced this investment, most articles already included the "reddit" counter arguments. Rather than just announcing the investment, they noted that redditers were cheering this on as a sign that Citadel was in trouble. So they make these announcements and have counter arguments to things no one has said yet. However, they know the truth so they try to control the narrative and stay out in front of SuperStonk. The fact is, this wasn't some sort of savvy business deal (much like the convertible bonds, Sequoia and Paradigm have only lost with this investment). This was Citadel clearly trying to save their company and they swindled two more investors that probably now can't withdrawal their investments without huge fees attached to them. Yet they could withdrawal their $2 Billion they gave to Melvin less than a year later? Hmmmm.* + +&#x200B; + +&#x200B; + +^(February 24, 2022) + +* **It is released by the "media" that Citadel has redeemed most of it's $2 billion dollar investment with another $500 million being redeemed by March 2022.** + +*Melvin Capital announces May 18, 2022 that it is shutting down due to losses. Remember my two cents?* + +&#x200B; + +&#x200B; + +^(March 15, 2022) + +* **Citadel Faces Potential Default on Russian Tech Company** + +Citadel is facing potential default on convertible bonds from Russia’s Yandex NV. Yandex NV is an internet and technology company that provides an internet search engine in Russia and other international markets. Tigran Khudaverdyan has stepped down from his roles as Executive Director and Deputy CEO at Yandex. Citadel could default on convertible bonds worth billions. + +*Ouch.* + +&#x200B; + +&#x200B; + +^(August 18, 2022) + +* **Citadel Securities borrowed $600million on Thursday** + +Citadel Securities borrowed $600 million on Thursday to bolster its balance sheet and trading business, capitalizing on strong demand from lenders after volatile markets helped one of the biggest US equity trading houses make a banner start to 2022. The company told lenders, which include credit funds, that it planned to use the $600 million in part for additional trading capital. Citadel has sought to expand into markets outside the US and build its business with institutional traders in fixed income. + +*Again, this is all voluntary. Now ask yourself why a company would borrow $600 million less than a month before that first coupon payment date? Anyone else raising their eyebrows here? Citadel went from loaning money, raising money through bonds, to borrowing. I'm just a smooth brainer but this isn't rocket science here. Follow the money.* + +*So what better way to bolster your balance sheet and trading business by borrowing $600 million while voluntarily liquidating your LLP that had net assets of over $800 million with profits of nearly $1 billion for the year 2020. Makes sense huh?* + +&#x200B; + +&#x200B; + +# ↓ + +^(September 9, 2022) + +* **We find out that on August 1, 2022, Citadel Europe LLP is being voluntarily liquidated** + +The LLP was formed in 2008 and as of the latest audited financial statements filed for the year ended December 31, 2020, the LLP had net assets of **over $800 million**. The profit for 2020 from this entity was just under **$1 billion**. + +The principal activity of the LLP is to "provide investment management services to Citadel Advisors LLC, a related company in the US which manages the Citadel Funds." As of September 2021, the members stated they are "satisfied with the development of the business to date and expect the current activities to continue into the future". Less than a year later, they file for voluntary liquidation. [**/u/greysweatseveryday**](https://www.reddit.com/user/greysweatseveryday/) + +*Most of us understand that whether it be voluntarily or involuntarily, it had to be done. The alternative is what? It is done involuntarily and it's official, they are being liquidated? If you close down Citadel Europe which was created as an expansion, obviously things aren't going as planned. If Citadel was making so much money with their main office, let's open another!? So what happens when the first office starts to sink? You take the funds from the other, and close it down. Pretty simple right?* + +&#x200B; + +>AGAIN: *This makes me wonder if they voluntarily liquidate or dissolve (much like Melvin, without filing bankruptcy), do they pay the clients (or themselves) they want to pay back and liquidate for a loss (leaving the clients connected to this branch to take losses), while moving the money, positive investments, and assets back to the flagship branch? So clients are losing money connected to this branch, but the flagship Citadel is able to add these "transferred" assets to their balance sheet and continue to look like they are in the green? I wish someone would look into this tactic. Can they move all their positive investments to their flagship while leaving these branches with all their bad investments? Quietly dissolved, save reputation, pump their flagship balance sheet, swindle new investors padded balance sheets?* + +*And today we find out they created a new branch to replace the old with no assets. So it's a rinse and repeat effect. They can continue to use their Citadel branch to finagle investors, make them take a loss, and voluntarily liquidate themselves? This seems much bigger than just shorting GME.* + +&#x200B; + +^(September 9, 2022) + +* **So the $600 million in convertible bonds were issued at $99 dollars and they are now worth $91. This is at a 3.375% with September 9, 2022 being the first coupon date.** + +*Let's get back to these bonds and what it all means.* + +&#x200B; + +>What is Coupon Date? The coupon date is **the date on which the bond issuer must make a interest payment to the bondholder**. For most bonds, the coupon date is every 6 months from the date of issue. + +https://preview.redd.it/3iosnys3wrm91.jpg?width=1277&format=pjpg&auto=webp&s=376f38bc579336123df8056d66ba31ed308a1fb2 + +*Tick tock.* +ETHBTC just finished 9 straight weeks of downtrend. Same thing it did in 2016 before it reversed. Same RSI level. + +https://i.imgur.com/tWSTJq4.png + +Bitcoin dominance up 8 straight weeks. Currently being held back by the 200 week moving average. + +https://i.imgur.com/YMlXWw7.png + +If this isn't the bottom on the ratio for this multi-year cycle it's *very* *very* close, like within weeks. We may never see this low of a ratio **ever** again. +I am submitting this post to promote discussion about what I believe to be potential dangers associated with the pursuit of FIRE and to highlight the importance of, *throughout your life*, attending to the qualitative factors that I believe are essential to a successful retirement. My goal is to encourage those of you on the road to FIRE to take whatever steps you deem necessary to avoid these potential pitfalls. + + I believe that, for some, FIRE becomes some sort of amorphous goal that provides both a degree of hope, *as well as an excuse to avoid working on the aspects of life that really matter*: social connections, meaningful goals, physical and mental health. This is especially true for people who, while highly intelligent and well educated, are relatively less adept at enhancing and developing the qualitative aspects of life. + +Some of you may remember me from my previous posts. Recently I have started to think more about what accounts for post FIRE happiness, meaning, fulfillment and health. I believe that, just as it is important to devote X percent of your salary to an IRA throughout your life, it is equally important to devote X percent of your time to physical and mental health, maintaining or rekindling old friendships and cultivating new ones. Failure to do so puts one at risk for an unfulfilling and unhealthy retirement. + +It's as if some FIRE aspirants are saying to themselves: “Yeah, I’m in poor physical health, depressed and socially isolated and I hate my job. But that’s ok, because, one day……”. But then that day comes; you are FI, but with nothing with which to fill the void. I have seen this before. Retirement is often accompanied by a huge let down. Some become depressed and drink. Some stay at home all day, every day leading to friction with their SO. Some blow vast amounts of money on baubles in *a vain attempt to find some sort of justification for the decades they had sacrificed to get to this point.* + +I am eternally thankful to my parents who were wise enough to facilitate and support my nascent hobbies and passions. Because of them I had endless things to motivate me when I stopped working. I am equally aware that my natural tendency to reach out to old friends, work colleagues etc. meant that I had a deep and wide pool of social support when I need it. Nevertheless, I have struggled with periods of loneliness since I stopped working ~8 years ago, long before I had ever heard of FIRE. My new girlfriend has both added tremendously to my life and strengthened my understanding of the vital importance of close interpersonal relationships. + +There are lots of young, highly educated people who are generally dissatisfied with the ‘rewards’ of their sacrifices. They are exhausted by meaningless work, narcissistic supervisors, back stabbing colleagues and no identifiable path to a better work life. They are left to ask” “Why the f**k did I sacrifice so much? For this?” + +I suspect that, to varying degrees, most of the people who are aspiring to FIRE are life long hard workers who have, throughout life, been rewarded for delaying gratification and have received accolades for their performance. + +Unfortunately, this focus on career progress can lead to a self-reinforcing dynamic if you devote so much of your time and resources to work that you never develop hobbies, you become socially isolated and your physical/mental health declines. + +I imagine that for more than one reader of this subreddit, your first three decades go something like this: You buckled down in school and got yourself into a solid university. You moved to one city for undergrad, then a different city for your first job…by the time you are 30 you are likely to be living in a city to which you have few ties, far from home, old friends and family and with little in your life other than work. Eventually, you become dissatisfied with this life. If only…..FIRE! You begin to fantasize about the day when things will be *‘different’*, and you work ever harder so as to hasten the arrival of FI/RE. This can lead to a dangerous and self reinforcing cycle in which the unrelenting pursuit of FIRE comes with further neglect of the qualitative factors that are playing a significant role in life dissatisfaction. + +FIRE is not a panacea that will address all of the root causes of your dissatisfaction. That is a much more complex process. Meaning in life, like financial independence, can be compared to tending an orchard. In both cases is imperative that you nurture your seedlings/trees regularly, over the course of decades and long before you plan to eat the fruit. If you wait until you are hungry, you are in trouble. I know that this is easier said than done, but just as it is important to begin saving and investing early and well before your planned FIRE date, it is equally important to maintain health, social connections and meaningful, non career activities while you are working towards FI. + + +**TL;DR** +The quantitative aspects of FIRE are arguably less important to a successful retirement than the various, and often neglected, qualitative factors. I believe that many FIRE aspirants are so motivated to attain financial independence that they don’t consider the potential negative consequences of pursuing the quantitative aspects of FIRE (e.g., savings rate, CAGR, etc.) *at the expense* of what are potentially more important qualitative factors (i.e. relationships, health, etc). +Second Edit: Since so many of you seem to lack even the most basic wrinkle required for deductive reasoning and non-linear thinking I’m posting a comment to the Forbes article linking to Bloomberg who IS THE LEAK OF THE UNFILED PROPOSAL! I don’t know how much clearer I can be about this bombshell piece of news lol + +Sup Apes, + +First I’d like us to take a look at four very interesting pieces of information that have come to light within the last week. + +Borrow rate increase to 5% three days ago +https://www.reddit.com/r/Superstonk/comments/shn4vb/alert_this_could_be_the_final_boarding_call/?utm_source=share&utm_medium=ios_app&utm_name=iossmf + +Gensler’s admission of market clownery THREE DAYS AGO +https://www.reddit.com/r/Superstonk/comments/sjolb4/gg_said_9095_is_dark/?utm_source=share&utm_medium=ios_app&utm_name=iossmf + +Gensler making an announcement next week +https://www.reddit.com/r/Superstonk/comments/sjqj8k/sec_response_to_memestock_mania_coming_next_week/?utm_source=share&utm_medium=ios_app&utm_name=iossmf + +$60m in Put Options matching the sneeze occurrence +https://www.reddit.com/r/Superstonk/comments/skpj8v/pulled_this_out_from_gherks_daily_post_as_it/?utm_source=share&utm_medium=ios_app&utm_name=iossmf + +MOST IMPORTANTLY!!! +https://www.sec.gov/rules/proposed/2022/34-94062.pdf + +SECURITIES AND EXCHANGE COMMISSION 17 CFR Parts 232, 240, 242, 249 +[Release No. 34-94062; File No. S7-02-22] +RIN 3235-AM45 +Amendments to Exchange Act Rule 3b-16 Regarding the Definition of “Exchange”; Regulation ATS for ATSs That Trade U.S. Government Securities, NMS Stocks, and Other Securities; Regulation SCI for ATSs That Trade U.S. Treasury Securities and Agency Securities + +They want YOUR COMMENTS EMAILED to +rule-comments@sec.gov with +SUBJECT: S7-02-22 + +Edit: Ask then for a date of filing in the Federal Register because currently I have not been able to find it. + +https://imgur.com/a/9FdTWoR + +TA;DR Anything that walks like an exchange, talks like an exchange, and sounds like an exchange will now be under the same regulations as the rest of lit markets! + +THE THEORY: RC wanted a hand in PERSONALLY overseeing the framework for regulations of blockchain based securities and their derivatives and openly welcomed hedge fund greed as an opportunity to gain a seat at the table of the SEC. By creating his own unregulated space RC forced regulation on to EVERY space. + +Bonus Theory: ButtFarm’s latest theory uses “so you’re telling me there’s a chance” meme, Lloyd Christmas’s partner is not in that frame. In another tweet we see his partner taking a VIOLENT SHIT. Matt Finestone is going to deliver a VIOLENT SHIT onto hedgies through the CONEPOOCHAIRMAN. +We had spent roughly $60k a year and planned on FIRE once $1.5M was saved in investable assets. + +I started a side business to expedite our FI date. It's been a lot more work that I've anticipated but I finally found the entrepreneurial fulfillment I didn't know I was looking for. This is an e-com business and due to the holiday season, for the first time ever I made more money in a month from my side-business than from my 9-5 job. I understand things will slow as the business is seasonal. + +But this got me thinking...should I just quit now? I found my passion but if I take the leap there is a risk of not hitting our FI number...but if I'm able to spend my time on passion, maybe that doesn't matter anymore? + +**-Questions?** + +I was hoping to find passion in my day-job but it hasn't happened yet. I like the people I work with but the work isn't clicking with me. Still, its not necessarily hard/stressful work and it seems like a big leap to walk away from a $120k/year fixed income. + +Still, if I quit, I'll have more freedom to live the life I want to live to focus on myself, my family, and my business. But my business is very vulnerable in a recession…it's discretionary products I sell. + +If I leave the $120k/year job, could we live off of my wife's income without having to start drawdown? Or what is safe withdrawal rate we have to do to ensure our portfolio still grows over time? + +Is it worth dropping the high-pay job and put FI in jeopardy? The original goal was to his the 1.5M first (3-5 years on current pay) and THEN run my business basically risk free....But I dread going into the office and attending meetings when I could be doing more fulfilling things with my time. + +What would you do in my situation? What's the risk, what the reward? Curious to hear the community's thoughts and opinions. Thanks! + +**Age / Industry / Location** + +31/Tech/DC + +**-General goals** + +Looking to RE before FI to pursue passionate work sooner. + +**-Target FIRE Age / Amount / Withdrawal Rate** + +FI: 35/ $1.5 M / <3% +RE: 45/ $3M / <4% + +**-Educational background and plans** + +Bachelors. No further plans for traditional education. Constantly learning online. + +**-Career situation and plans** + +I don't find fulfillment with my work. Started a side business that I enjoy and would like to work on full time before FI. + +**-Current and future income breakdown, including one-time events** + +* My job: $120k/year + bonus + benefits +* My side business: $60k net profit expected in 2019 +* Wife: $100k/year + bonus ( we currently don't use her benefits) +* Current Savings: 70%+ of income +* Each max out 401ks +* Each max out Roth IRAs +* Max out HSA +* Max out after-tax 401k for mega backdoor +* Save the rest in cash / brokerage account + +**-Budget breakdown** + +**-Asset breakdown, including home, cars, etc.** + +Family Net Worth: $954,000 + +* Investments: $609,000 +* Cash: $200,000 +* Property: $380,000 (Mostly from our home, some gold, includes car value) + +**-Debt breakdown** + +* $235,000 (Mortgage) + +**-Health concerns** + +* Some chronic conditions but mostly under control. 1-3 annual doctor visits. + +**-Family: current situation / future plans / special needs / elderly parents** + +* One child - healthy. No plans for other children +* All parents relatively healthy. One side FI. Other side of parents in debt. +Idk why I listened to you autistic fucks, I haven’t been raped this bad since bitconnect + +This shit clearly ain’t dropping so I’m hopping over to the winning side. + +Enjoy the blood bath retards. +My dear dumbfucks and retards... cunts and degenerates... Traders, Holders... Stinky Whales... cum drinkers... shoey fucks... and Chza…chazzakawe.. chezza... Communists. + +Today is my official return to ASX_Bets! +But alas, the mods have asked that I take upon myself the honour of delivering the monthly Bans and Updates. + +One year was far too long a time to live away from such excellent and admirable memes and shitposts. I don't know half of you half as well as I should like, and I like less than half of you… +... + +&nbsp; + +It's been a long year over in r/Asx_Banned, and while I had a lot of fun it was a bit quiet sometimes - and seeing much of the dumb shit you guys say and post without being able to comment was a fucking drag. And holy shit hotcrapper did not get me.. I got filtered for saying poo!, and little things like having dick shaped chart predictions for confirmed dog stocks. +I'm glad to be back with my own people. + + +Anyway enough of that. I’m here to catch you up (and myself) on the wins, losses, memes, and most importantly – dumbfuck bets. +I look forwarded to purging this place a little, and sending the damned down into the depths of u/plucky26’s domain (or lower *😉*). + +#Updates + +Before we get to purging, let’s reflect back on this glorious month of green portfolios and sunshine and have a look at some of the favorite posts. + +&nbsp; + +First up, in celebration of most likely the most important day of the year for all of us “investors”, +u/Rosencrantz1710 started with a [nice $100 donation to lifeline](https://www.reddit.com/r/ASX_Bets/comments/x8jucw/because_its_r_u_ok_day_if_this_post_gets_100/) post, which u/Doobmie and a now anonymous (deleted account) joined in, donating a further $100 each. +A lot of people got some shit off their chest, and the post was a nice hug-it-out session rarely seen in this cesspool. +It’s been a rough time lately for a lot of us, so it’s good to have 'people' here to share with who can relate – even if it’s just u/chzakalwe. + + +On the meme side of things, u/zupahorse released a beautiful and tasteful [deepfake of our dear departed coin maiden](https://www.reddit.com/r/ASX_Bets/comments/x9i4q1/her_majestys_last_message_to_rasx_bets_rip_gfm/). I assumed the combined brain power of this sub would be insufficient to pull something like this off, let alone one single user. +Great work u/zupahorse – I’ll need to work on my meme game. + + +u/Massive_Button9434 released a [great little LKE post](https://www.reddit.com/r/ASX_Bets/comments/x7pm6n/lke_ceo_hot_off_the_press_i_cant_believe_it/), accurately depicting the assclowniness of our previously elected supreme leader. +Scomo mate, if you read this - Fuck you! ya slimy pep bastard... + + +u/Melodic_Ad5829 showed they have a huge floppy dick with some [remarkable coward gains on ASN](https://www.reddit.com/r/ASX_Bets/comments/x8w9qx/so_were_doing_this_i_thought_everyone_just_posted/). It’s nice to be reminded that you can actually win at this game sometimes. +That being said, I hope it’s not a single million dollar gain in a sea of million dollar losses… +Regardless, congrats and fuck you sir or floppy dicked ma’am. + + +u/Blisser_the_sniff posted a [close-enough to safe-for-work post](https://www.reddit.com/r/ASX_Bets/comments/xn9qvm/right/) which accurately reflects how we all feel lately. Nuff said. + + +u/destined2bepoor continues to live up to their name, throwing some money into the [first Koality Content post I’ve seen in a while](https://www.reddit.com/r/ASX_Bets/comments/x7u31x/i_said_id_donate_100_to_a_qld_koala_sanctuary/). +u/poopdeckocupado also joined in, donating another $100 to our smoothbrain tourist attracting possibly animatronic furry friends – very nicely done 🐨👍 + +u/destined2bepoor further states they’ll donate $500 if PLS hits $5, so start pumping that stock chumps ***#probablynotadvice #finfluencer.*** +Seriously, great job mate – I honestly don’t think they’ll make it without our help... + + +For every coward gain, there must be an equal and opposite loss porn. So is the game of the ASX – perfectly balanced. + +u/Dskoh1 posted some [lovely HVY paper losses](https://www.reddit.com/r/ASX_Bets/comments/xdwx8l/loss_porn_for_you_guys_i_am_holding_it_through_the/). It’s important that we losers share our pain, as it truly feels better not being the only dumb cunt around with $40k plus losses. +Fun thought… What do you think the combined losses of this sub could be? + + +And last, a trip down memory lane. + +u/Mutated_Cunt released a beautiful [visual timeline showcasing all the dumb fucking choices we’ve made](https://www.reddit.com/r/ASX_Bets/comments/x6usrb/do_you_remember_a_timeline_of_the_sub_from_ticker/) over the past 2 years. Shout-out to u/darebottle, who’s bot has been collecting all the evidence of our debauchery. Hahaha…. You should all be ashamed. + +&nbsp; + +#New Bets + +Speaking of shame, quite a few of have decided to back your bad decisions with some bets. +A lot to get through, so I’ll try to keep the banter low. +So, what have the dumbfucks been claiming? + +&nbsp; + +– u/poptartape will take a **3 month ban** if [IVZ doesn’t hit $1 during first drilling](https://www.reddit.com/r/ASX_Bets/comments/vzhqfc/comment/ig91rgl/?utm_source=share&utm_medium=web2x&context=3) campaign. There was also mention of a gift for our stinky whale if it does.. Romantic gift? I don’t know, sick fucks everywhere. + + +– u/WeatherOutside will take a **1 month ban** if [CXO < $2, OCN < $1 or LPM < $1](https://www.reddit.com/r/ASX_Bets/comments/xbcpp9/comment/inyrtly/?utm_source=share&utm_medium=web2x&context=3) by Christmas eve. +Pretty much all need to bag in that time to come true, but fuck - its lithium so who knows. Anyway there's a joke about getting Santa’s sack somewhere here. + + +– u/DrSheeply thinks that [IXR will receive approval for a mining license](https://www.reddit.com/r/ASX_Bets/comments/xbxknc/comment/io2faz1/?utm_source=share&utm_medium=web2x&context=3) before the end of the year, or they’ll take a **69 day ban**. I know dick all about Uganda politics, so who knows. Good luck, though I’ve heard rumour of IXR hitting 2.4c… + + +– u/Mutated_Cunt thinks [LKE will announce a share buyback](https://www.reddit.com/r/ASX_Bets/comments/xeh7mi/comment/ioguey3/?utm_source=share&utm_medium=web2x&context=3) before the end of the year. +Corporate greed and lifestyle companies aside, I can’t tell if you’re being optimistic or just planning a peaceful new years break… **3 month ban** if it doesn’t happen. + + +– u/Yoyololbbb bets [PLS will hit $7.50 by the end of the year](https://www.reddit.com/r/ASX_Bets/comments/xmlt0g/pls_to_750_or_ban_me/?utm_source=share&utm_medium=web2x&context=3). +Belatedly requesting a 4 week ban, the powers above left it to the sub to vote their fate – a 4 or 6 week ban. +Like the spiteful cum gremlins ([new word I learned](https://www.reddit.com/r/ASX_Bets/comments/xp5ro9/im_not_back_yet/iq2dfcc/?context=3)) you are, you set the ban higher at **6 weeks**. +Despicable. I love you. + + +– u/yippikiyayay thinks SYA will have a reversal of fate and [hit 40c by December the 1st](https://www.reddit.com/r/ASX_Bets/comments/xjon0q/comment/ip9jk3z/?utm_source=share&utm_medium=web2x&context=3), or will take a **1 month ban**. +This one is on a watchlist of mine labeled “buy” – so you’re fucked. Should ban you right now. Still, plenty of time to spin a lie to dazzle the market into a pump I guess… + + +– u/a380-king thinks [IXR will hit 7c before the end of October](https://www.reddit.com/r/ASX_Bets/comments/xkv5kx/comment/ipg4t99/?utm_source=share&utm_medium=web2x&context=3), or a **1 month ban**. +Keep hiding it from the wife mate, it might get there. + + +– u/chicken_sweat is betting that our dirty sub darling IVZ will [find gas in it’s first horizon drilling](https://www.reddit.com/r/ASX_Bets/comments/xnh61i/comment/ipwfh0n/?utm_source=share&utm_medium=web2x&context=3), or a **ban until 2023**. Might be hearing back about the results of this early next month, so plenty of ban time on the table. +Best luck mate – we all need IVZ to succeed here 😥 + + +– u/bane-of-oz didn’t think Zip Pay was the next Afterpay, claiming it would [touch 80c by the 16th](https://www.reddit.com/r/ASX_Bets/comments/x9ph1o/comment/inptowq/?utm_source=share&utm_medium=web2x&context=3). +Well it did – and I’d say well done, but it seems your account is suspended or some shit so I’m not sure you’re actually celebrating. Hopefully you just pissed off some snowflakes or something and will be back soon. Idk.  + + +– u/sharp_pride7092 thinks war, famine, and an energy crisis isn't as bad as covid, betting the [XJO will not touch the 4490](https://www.reddit.com/r/ASX_Bets/comments/xq38sy/comment/iq7qqlj/?utm_medium=android_app&utm_source=share&context=3) lows of 2020 before Tuesday 28 March 2023, or $100 to the koala's or WWF. +I'm a little conflicted between wanting the koala's to win, and myself not losing the house... + + +u/particular_love_8811 had a thought that [yesterday was going to be a green](https://www.reddit.com/r/ASX_Bets/comments/xq6ii4/premarket_thread_for_general_trading_and_plans/iq7oiy2?utm_medium=android_app&utm_source=share&context=3). u/sweetbiscuit decided to follow your happy thought, and u/FrankGrimesss seemed sure enough to up it to 3 weeks. +Congratulations! Fucking Nostradami up in this place. You all escaped a small holiday. + + +u/i_bid_thee_adieu is playing super gay bear claiming the [XJO will dip below 5300, S&P will go below covid lows, and Nasdaq will be below covid lows in 12 months or less].(https://www.reddit.com/r/ASX_Bets/comments/xq38sy/comment/iqc5m6o/?utm_medium=android_app&utm_source=share&context=3) - if they do, Koala's get $200. +At least the koala's will win if the world turns to shit... + +&nbsp; + +#Tick-Tock + +First, the good news. + +u/dustbunny73 has come good on their purchase of (1?) AZL share, avoiding a one month ban. Nicely done mate – a mans word is his bond, and you’ve lived up to your word, so buy bonds? + + +Our esteemed redeemed aside, we still have a dirty HotCopper-esque vermin who still owes us proof… + +u/MrLamenTerms claims they are [down three hundred thousand dollarydoos](https://www.reddit.com/r/ASX_Bets/comments/xdwx8l/comment/iogwt91/?utm_source=share&utm_medium=web2x&context=3). u/dskoh1 has called proof or ban. **Tick fucking tock** – show us your balls. + +&nbsp; + +#Bans + +Not everyone can be winners, and we’re probably all losers, but even losers can lose, and these are our loser losers. + +**Welcome to the banned lands 👿**, Plucky awaits. +Please help yourself to one of u/blisser_the_sniff’s hookers (or parts of) and dive down the rabbit hole. + +&nbsp; + +u/mo2704 boldly claimed [“S&P500, Dow and Nasdaq all green or ban on Monday 26th"](https://www.reddit.com/r/ASX_Bets/comments/xocvmc/comment/ipy3e7y/?utm_source=share&utm_medium=web2x&context=3) – and they all continued to shit themselves. Who would have thunk it? +See you in **1 month** 👋 + + +u/blisser_the_sniff claimed that [IVZ would hit gas on Monday](https://www.reddit.com/r/ASX_Bets/comments/xo2zct/comment/ipwvwe4/?utm_source=share&utm_medium=web2x&context=3), grabbing himself a free **2 week vacation**… + +I’m not sure this should have even been considered a bet – but enjoy your 2 weeks off mate. I’ll keep the communist in check while you’re gone. 👋 + + +u/Skernmannnn bet that [IHL would get a price sensitive announcement](https://www.reddit.com/r/ASX_Bets/comments/xhaoej/comment/iowjbpd/?utm_source=share&utm_medium=web2x&context=3) last week. +Love the wishful thinking, almost pains me to sentence you to **one month** in the banned lands... almost.. 👋 + + +u/Man_with_a_mortgage tried willing financial freedom with a bet that [IVZ would hit 40c by Friday 16th](https://www.reddit.com/r/ASX_Bets/comments/x7z75s/comment/infgkxg/?utm_source=share&utm_medium=web2x&context=3). Don’t even need to verify that one, I can smell the pain in the sub. +**One month** in the ban lands. 👋 + + +u/typejack is spending **1 week** with the banned after betting **MAY**’s [Zapato drilling would announce findings on the 12th](https://www.reddit.com/r/ASX_Bets/comments/x61dz6/comment/in5dzkt/?utm_source=share&utm_medium=web2x&context=3). +You must be new to drilling – you’ve got 2 pumps and a cap raise to go before the water is found. 👋 + + +u/mechengguy93 is also taking a **one week** vacation, after his doomsday prophecy of the [US interest rates being above .80%](https://www.reddit.com/r/ASX_Bets/comments/xjon0q/comment/ip9kutx/?utm_source=share&utm_medium=web2x&context=3) didn’t come true. +Don’t worry friend, doomsday is still on track, just delayed by a month or so. McBanned 👋 + + +Bit of a everyone’s a loser situation here. +u/PowerBottomBear92 started, with a one week ban bet, that [IVZ won’t spud this month](https://www.reddit.com/r/ASX_Bets/comments/xeh7mi/comment/ioh8aae/?utm_source=share&utm_medium=web2x&context=3). They went a step further and claimed they’d take an extra day ban for every additional retard who would follow. +To the best of my limited knowledge, two such retards bravely stepped forward, following their leader joyfully into the banned lands as said spudding took place. +So - u/A_Anderson151 and u/Carllsson will take a **1 week ban**, and u/PowerBottomBear92 will take an additional 2 days to think about their actions. That’s **9 days** for all the builtdifferants out there. + + +Fine fisherman u/w-j1m hooked u/Koalavalley into a **one month** ban bet, the outcome of [AZL getting BLM approval](https://www.reddit.com/r/ASX_Bets/comments/vnadqo/comment/ie5zntw/?utm_source=share&utm_medium=web2x&context=3) by today sending one of these champs into plucky's embrace. +With one poor cunt waiting 162 days for said approval and counting, seems clear to me u/koalavalley is our victim today. Well done u/w-j1m👍 I’m a big advocate of asx_bets fishing. + + +Lol. u/tenconeslater claims [IVZ will hit $1 before today](https://www.reddit.com/r/ASX_Bets/comments/x2shah/comment/imlmmvj/?utm_source=share&utm_medium=web2x&context=3), or a **6 month ban**. +Half the sub will be driving Lambo’s if that happened mate, which would make it not a scam dream, but it is confirmed a scam dream… OH! Ten-cones-later! I got that just now. I was thinking “Ten-cone-slater is a dumb fucking name”… +See you next year 👋 + +u/Technical_Shower_157 expected [CYM to get finance](https://www.reddit.com/r/ASX_Bets/comments/xjon0q/comment/ipa2885/?utm_source=share&utm_medium=web2x&context=3) by today, or a **1 month ban**. Almost grabbed this one myself. +Pity the world is burning and all hope is gone.👋 + + +u/Sufficient_Guess2732 claims [PDN will hit $1 by today](https://www.reddit.com/r/ASX_Bets/comments/xdmkaz/comment/ioc0jgb/?utm_source=share&utm_medium=web2x&context=3) or a **1 month ban**. +Was a *sufficient guess* 🥁, but looking at the chart it looks like this bet actually caused it to crash… 👋 + +u/butter-brain has grabbed a **potentially permanent ban** betting that [BOE will hit an all-time-high this month](https://www.reddit.com/r/ASX_Bets/comments/x9fqx0/comment/inntp4f/?utm_source=share&utm_medium=web2x&context=3). Failure to achieve this has him banned until it **hits $4**. +Fuck me it got close - hope the months turns around for you mate, cos looks a bit turdy to me. 👋 + +u/Outrageous_junket817 bet that the [XAO would close down at least 2.85%](https://www.reddit.com/r/ASX_Bets/comments/xln4rj/to_finish_down_at_285_or_a_3_day_ban/?utm_source=share&utm_medium=web2x&context=3) last Friday or weeks ban. +First - fuck you for making me look into historical data. You lost that bet, but decided to roll the dice further, doubling down with a bet claiming XAO will break 6500 before today 🌈🐻. Fuck you, that’s our bread and butter! +On the other side of fence, u/mrpark3s thinks there is hope still yet, betting the [XJO will close above 6,574.70 today](https://www.reddit.com/r/ASX_Bets/comments/xnh61i/comment/ipuizte/?utm_source=share&utm_medium=web2x&context=3), or a 2 week ban. +Well u/Outrageous_junket817 – that’s 2 for 2 losses, giving you **2 weeks off** to work on that whore mouth of yours. 👋 + +u/mrpark3s... well i guess you fucked up too. Yesterday looked promising, but today was a little bit too shit. **2 weeks** off to consider reality 👋 + + +u/starchivoress hates me, betting [VML will hit 2.9c today](https://www.reddit.com/r/ASX_Bets/comments/xrmokz/comment/iqftwd7/?utm_medium=android_app&utm_source=share&context=3). Funny enough, if true then my price prediction on hotcopper will be correct - VML dropping 30% after I bought in. +Brings me great pleasure to banish you from this place for **1 week**. Don't fuck with FameLuck's portfolio 👋😘 + + +My oil-drenched beluga buddy u/stinkyfatwhale had bet [IVZ will hit 50c by the end of this month](https://www.reddit.com/r/ASX_Bets/comments/wer114/comment/iiq5okw/?utm_source=share&utm_medium=web2x&context=3), pledging to donate $10,000 to mental health if it succeeded, or a lengthy ban… +Looked good for a while there stinky, but looks like you’ll be **swimming with the fishes till Christmas**. 👋 + +And lastly and rudely (I didn’t even get to compliment you on your new(ish?) profile picture…), u/wowveryjosh will be fucking off for **3 long months** after some [long running convoluted TUL ban bet](https://www.reddit.com/r/ASX_Bets/comments/uc7ef3/comment/i69dmar/?utm_source=share&utm_medium=web2x&context=3) came to a conclusion.. at some time.. not in his favour.. +Honestly mate I couldn’t follow along with this multi-month waiting bet, but I was told you lost in the end by a very small margin. Something about the market not giving a shit. +See you over in banned mate 👋 + +&nbsp; + +#Unbanned + +u/Wherethecheesemoved is unbanned after IHL hit .35 after claiming it will hit .35 or being banned until it hit .35 resulting in it being below .35 on the day they said it would be .35 getting banned but unbanned since it hit .35. Savvy? +Welcome back champ 👍 + +&nbsp; + +That's it from me today folks. +Big thanks to the mods for letting me do the monthly update. You guys have no idea how much effort this shit actually takes. So clap for them monkeys! + +Lastly, it might not be much, but as a token of my gratitude… u/chzakalwe will receive 1 day ban in r/asx_bets_purgatory for every like this post receives. Because fuck him. + +May our future be green and full of bread 🍞🦆 + +#TL;DR + +Εδώ βρίσκετε καλή παρέα σε κακές στιγμέ +My dear dumbfucks and retards... cunts and degenerates... Traders, Holders... Stinky Whales... cum drinkers... shoey fucks... and Chza…chazzakawe.. chezza... Communists. + +Today is my official return to ASX_Bets! +But alas, the mods have asked that I take upon myself the honour of delivering the monthly Bans and Updates. + +One year was far too long a time to live away from such excellent and admirable memes and shitposts. I don't know half of you half as well as I should like, and I like less than half of you… +... + +&nbsp; + +It's been a long year over in r/Asx_Banned, and while I had a lot of fun it was a bit quiet sometimes - and seeing much of the dumb shit you guys say and post without being able to comment was a fucking drag. And holy shit hotcrapper did not get me.. I got filtered for saying poo!, and little things like having dick shaped chart predictions for confirmed dog stocks. +I'm glad to be back with my own people. + + +Anyway enough of that. I’m here to catch you up (and myself) on the wins, losses, memes, and most importantly – dumbfuck bets. +I look forwarded to purging this place a little, and sending the damned down into the depths of u/plucky26’s domain (or lower *😉*). + +#Updates + +Before we get to purging, let’s reflect back on this glorious month of green portfolios and sunshine and have a look at some of the favorite posts. + +&nbsp; + +First up, in celebration of most likely the most important day of the year for all of us “investors”, +u/Rosencrantz1710 started with a [nice $100 donation to lifeline](https://www.reddit.com/r/ASX_Bets/comments/x8jucw/because_its_r_u_ok_day_if_this_post_gets_100/) post, which u/Doobmie and a now anonymous (deleted account) joined in, donating a further $100 each. +A lot of people got some shit off their chest, and the post was a nice hug-it-out session rarely seen in this cesspool. +It’s been a rough time lately for a lot of us, so it’s good to have 'people' here to share with who can relate – even if it’s just u/chzakalwe. + + +On the meme side of things, u/zupahorse released a beautiful and tasteful [deepfake of our dear departed coin maiden](https://www.reddit.com/r/ASX_Bets/comments/x9i4q1/her_majestys_last_message_to_rasx_bets_rip_gfm/). I assumed the combined brain power of this sub would be insufficient to pull something like this off, let alone one single user. +Great work u/zupahorse – I’ll need to work on my meme game. + + +u/Massive_Button9434 released a [great little LKE post](https://www.reddit.com/r/ASX_Bets/comments/x7pm6n/lke_ceo_hot_off_the_press_i_cant_believe_it/), accurately depicting the assclowniness of our previously elected supreme leader. +Scomo mate, if you read this - Fuck you! ya slimy pep bastard... + + +u/Melodic_Ad5829 showed they have a huge floppy dick with some [remarkable coward gains on ASN](https://www.reddit.com/r/ASX_Bets/comments/x8w9qx/so_were_doing_this_i_thought_everyone_just_posted/). It’s nice to be reminded that you can actually win at this game sometimes. +That being said, I hope it’s not a single million dollar gain in a sea of million dollar losses… +Regardless, congrats and fuck you sir or floppy dicked ma’am. + + +u/Blisser_the_sniff posted a [close-enough to safe-for-work post](https://www.reddit.com/r/ASX_Bets/comments/xn9qvm/right/) which accurately reflects how we all feel lately. Nuff said. + + +u/destined2bepoor continues to live up to their name, throwing some money into the [first Koality Content post I’ve seen in a while](https://www.reddit.com/r/ASX_Bets/comments/x7u31x/i_said_id_donate_100_to_a_qld_koala_sanctuary/). +u/poopdeckocupado also joined in, donating another $100 to our smoothbrain tourist attracting possibly animatronic furry friends – very nicely done 🐨👍 + +u/destined2bepoor further states they’ll donate $500 if PLS hits $5, so start pumping that stock chumps ***#probablynotadvice #finfluencer.*** +Seriously, great job mate – I honestly don’t think they’ll make it without our help... + + +For every coward gain, there must be an equal and opposite loss porn. So is the game of the ASX – perfectly balanced. + +u/Dskoh1 posted some [lovely HVY paper losses](https://www.reddit.com/r/ASX_Bets/comments/xdwx8l/loss_porn_for_you_guys_i_am_holding_it_through_the/). It’s important that we losers share our pain, as it truly feels better not being the only dumb cunt around with $40k plus losses. +Fun thought… What do you think the combined losses of this sub could be? + + +And last, a trip down memory lane. + +u/Mutated_Cunt released a beautiful [visual timeline showcasing all the dumb fucking choices we’ve made](https://www.reddit.com/r/ASX_Bets/comments/x6usrb/do_you_remember_a_timeline_of_the_sub_from_ticker/) over the past 2 years. Shout-out to u/darebottle, who’s bot has been collecting all the evidence of our debauchery. Hahaha…. You should all be ashamed. + +&nbsp; + +#New Bets + +Speaking of shame, quite a few of have decided to back your bad decisions with some bets. +A lot to get through, so I’ll try to keep the banter low. +So, what have the dumbfucks been claiming? + +&nbsp; + +– u/poptartape will take a **3 month ban** if [IVZ doesn’t hit $1 during first drilling](https://www.reddit.com/r/ASX_Bets/comments/vzhqfc/comment/ig91rgl/?utm_source=share&utm_medium=web2x&context=3) campaign. There was also mention of a gift for our stinky whale if it does.. Romantic gift? I don’t know, sick fucks everywhere. + + +– u/WeatherOutside will take a **1 month ban** if [CXO < $2, OCN < $1 or LPM < $1](https://www.reddit.com/r/ASX_Bets/comments/xbcpp9/comment/inyrtly/?utm_source=share&utm_medium=web2x&context=3) by Christmas eve. +Pretty much all need to bag in that time to come true, but fuck - its lithium so who knows. Anyway there's a joke about getting Santa’s sack somewhere here. + + +– u/DrSheeply thinks that [IXR will receive approval for a mining license](https://www.reddit.com/r/ASX_Bets/comments/xbxknc/comment/io2faz1/?utm_source=share&utm_medium=web2x&context=3) before the end of the year, or they’ll take a **69 day ban**. I know dick all about Uganda politics, so who knows. Good luck, though I’ve heard rumour of IXR hitting 2.4c… + + +– u/Mutated_Cunt thinks [LKE will announce a share buyback](https://www.reddit.com/r/ASX_Bets/comments/xeh7mi/comment/ioguey3/?utm_source=share&utm_medium=web2x&context=3) before the end of the year. +Corporate greed and lifestyle companies aside, I can’t tell if you’re being optimistic or just planning a peaceful new years break… **3 month ban** if it doesn’t happen. + + +– u/Yoyololbbb bets [PLS will hit $7.50 by the end of the year](https://www.reddit.com/r/ASX_Bets/comments/xmlt0g/pls_to_750_or_ban_me/?utm_source=share&utm_medium=web2x&context=3). +Belatedly requesting a 4 week ban, the powers above left it to the sub to vote their fate – a 4 or 6 week ban. +Like the spiteful cum gremlins ([new word I learned](https://www.reddit.com/r/ASX_Bets/comments/xp5ro9/im_not_back_yet/iq2dfcc/?context=3)) you are, you set the ban higher at **6 weeks**. +Despicable. I love you. + + +– u/yippikiyayay thinks SYA will have a reversal of fate and [hit 40c by December the 1st](https://www.reddit.com/r/ASX_Bets/comments/xjon0q/comment/ip9jk3z/?utm_source=share&utm_medium=web2x&context=3), or will take a **1 month ban**. +This one is on a watchlist of mine labeled “buy” – so you’re fucked. Should ban you right now. Still, plenty of time to spin a lie to dazzle the market into a pump I guess… + + +– u/a380-king thinks [IXR will hit 7c before the end of October](https://www.reddit.com/r/ASX_Bets/comments/xkv5kx/comment/ipg4t99/?utm_source=share&utm_medium=web2x&context=3), or a **1 month ban**. +Keep hiding it from the wife mate, it might get there. + + +– u/chicken_sweat is betting that our dirty sub darling IVZ will [find gas in it’s first horizon drilling](https://www.reddit.com/r/ASX_Bets/comments/xnh61i/comment/ipwfh0n/?utm_source=share&utm_medium=web2x&context=3), or a **ban until 2023**. Might be hearing back about the results of this early next month, so plenty of ban time on the table. +Best luck mate – we all need IVZ to succeed here 😥 + + +– u/bane-of-oz didn’t think Zip Pay was the next Afterpay, claiming it would [touch 80c by the 16th](https://www.reddit.com/r/ASX_Bets/comments/x9ph1o/comment/inptowq/?utm_source=share&utm_medium=web2x&context=3). +Well it did – and I’d say well done, but it seems your account is suspended or some shit so I’m not sure you’re actually celebrating. Hopefully you just pissed off some snowflakes or something and will be back soon. Idk.  + + +– u/sharp_pride7092 thinks war, famine, and an energy crisis isn't as bad as covid, betting the [XJO will not touch the 4490](https://www.reddit.com/r/ASX_Bets/comments/xq38sy/comment/iq7qqlj/?utm_medium=android_app&utm_source=share&context=3) lows of 2020 before Tuesday 28 March 2023, or $100 to the koala's or WWF. +I'm a little conflicted between wanting the koala's to win, and myself not losing the house... + + +u/particular_love_8811 had a thought that [yesterday was going to be a green](https://www.reddit.com/r/ASX_Bets/comments/xq6ii4/premarket_thread_for_general_trading_and_plans/iq7oiy2?utm_medium=android_app&utm_source=share&context=3). u/sweetbiscuit decided to follow your happy thought, and u/FrankGrimesss seemed sure enough to up it to 3 weeks. +Congratulations! Fucking Nostradami up in this place. You all escaped a small holiday. + + +u/i_bid_thee_adieu is playing super gay bear claiming the [XJO will dip below 5300, S&P will go below covid lows, and Nasdaq will be below covid lows in 12 months or less].(https://www.reddit.com/r/ASX_Bets/comments/xq38sy/comment/iqc5m6o/?utm_medium=android_app&utm_source=share&context=3) - if they do, Koala's get $200. +At least the koala's will win if the world turns to shit... + +&nbsp; + +#Tick-Tock + +First, the good news. + +u/dustbunny73 has come good on their purchase of (1?) AZL share, avoiding a one month ban. Nicely done mate – a mans word is his bond, and you’ve lived up to your word, so buy bonds? + + +Our esteemed redeemed aside, we still have a dirty HotCopper-esque vermin who still owes us proof… + +u/MrLamenTerms claims they are [down three hundred thousand dollarydoos](https://www.reddit.com/r/ASX_Bets/comments/xdwx8l/comment/iogwt91/?utm_source=share&utm_medium=web2x&context=3). u/dskoh1 has called proof or ban. **Tick fucking tock** – show us your balls. + +&nbsp; + +#Bans + +Not everyone can be winners, and we’re probably all losers, but even losers can lose, and these are our loser losers. + +**Welcome to the banned lands 👿**, Plucky awaits. +Please help yourself to one of u/blisser_the_sniff’s hookers (or parts of) and dive down the rabbit hole. + +&nbsp; + +u/mo2704 boldly claimed [“S&P500, Dow and Nasdaq all green or ban on Monday 26th"](https://www.reddit.com/r/ASX_Bets/comments/xocvmc/comment/ipy3e7y/?utm_source=share&utm_medium=web2x&context=3) – and they all continued to shit themselves. Who would have thunk it? +See you in **1 month** 👋 + + +u/blisser_the_sniff claimed that [IVZ would hit gas on Monday](https://www.reddit.com/r/ASX_Bets/comments/xo2zct/comment/ipwvwe4/?utm_source=share&utm_medium=web2x&context=3), grabbing himself a free **2 week vacation**… + +I’m not sure this should have even been considered a bet – but enjoy your 2 weeks off mate. I’ll keep the communist in check while you’re gone. 👋 + + +u/Skernmannnn bet that [IHL would get a price sensitive announcement](https://www.reddit.com/r/ASX_Bets/comments/xhaoej/comment/iowjbpd/?utm_source=share&utm_medium=web2x&context=3) last week. +Love the wishful thinking, almost pains me to sentence you to **one month** in the banned lands... almost.. 👋 + + +u/Man_with_a_mortgage tried willing financial freedom with a bet that [IVZ would hit 40c by Friday 16th](https://www.reddit.com/r/ASX_Bets/comments/x7z75s/comment/infgkxg/?utm_source=share&utm_medium=web2x&context=3). Don’t even need to verify that one, I can smell the pain in the sub. +**One month** in the ban lands. 👋 + + +u/typejack is spending **1 week** with the banned after betting **MAY**’s [Zapato drilling would announce findings on the 12th](https://www.reddit.com/r/ASX_Bets/comments/x61dz6/comment/in5dzkt/?utm_source=share&utm_medium=web2x&context=3). +You must be new to drilling – you’ve got 2 pumps and a cap raise to go before the water is found. 👋 + + +u/mechengguy93 is also taking a **one week** vacation, after his doomsday prophecy of the [US interest rates being above .80%](https://www.reddit.com/r/ASX_Bets/comments/xjon0q/comment/ip9kutx/?utm_source=share&utm_medium=web2x&context=3) didn’t come true. +Don’t worry friend, doomsday is still on track, just delayed by a month or so. McBanned 👋 + + +Bit of a everyone’s a loser situation here. +u/PowerBottomBear92 started, with a one week ban bet, that [IVZ won’t spud this month](https://www.reddit.com/r/ASX_Bets/comments/xeh7mi/comment/ioh8aae/?utm_source=share&utm_medium=web2x&context=3). They went a step further and claimed they’d take an extra day ban for every additional retard who would follow. +To the best of my limited knowledge, two such retards bravely stepped forward, following their leader joyfully into the banned lands as said spudding took place. +So - u/A_Anderson151 and u/Carllsson will take a **1 week ban**, and u/PowerBottomBear92 will take an additional 2 days to think about their actions. That’s **9 days** for all the builtdifferants out there. + + +Fine fisherman u/w-j1m hooked u/Koalavalley into a **one month** ban bet, the outcome of [AZL getting BLM approval](https://www.reddit.com/r/ASX_Bets/comments/vnadqo/comment/ie5zntw/?utm_source=share&utm_medium=web2x&context=3) by today sending one of these champs into plucky's embrace. +With one poor cunt waiting 162 days for said approval and counting, seems clear to me u/koalavalley is our victim today. Well done u/w-j1m👍 I’m a big advocate of asx_bets fishing. + + +Lol. u/tenconeslater claims [IVZ will hit $1 before today](https://www.reddit.com/r/ASX_Bets/comments/x2shah/comment/imlmmvj/?utm_source=share&utm_medium=web2x&context=3), or a **6 month ban**. +Half the sub will be driving Lambo’s if that happened mate, which would make it not a scam dream, but it is confirmed a scam dream… OH! Ten-cones-later! I got that just now. I was thinking “Ten-cone-slater is a dumb fucking name”… +See you next year 👋 + +u/Technical_Shower_157 expected [CYM to get finance](https://www.reddit.com/r/ASX_Bets/comments/xjon0q/comment/ipa2885/?utm_source=share&utm_medium=web2x&context=3) by today, or a **1 month ban**. Almost grabbed this one myself. +Pity the world is burning and all hope is gone.👋 + + +u/Sufficient_Guess2732 claims [PDN will hit $1 by today](https://www.reddit.com/r/ASX_Bets/comments/xdmkaz/comment/ioc0jgb/?utm_source=share&utm_medium=web2x&context=3) or a **1 month ban**. +Was a *sufficient guess* 🥁, but looking at the chart it looks like this bet actually caused it to crash… 👋 + +u/butter-brain has grabbed a **potentially permanent ban** betting that [BOE will hit an all-time-high this month](https://www.reddit.com/r/ASX_Bets/comments/x9fqx0/comment/inntp4f/?utm_source=share&utm_medium=web2x&context=3). Failure to achieve this has him banned until it **hits $4**. +Fuck me it got close - hope the months turns around for you mate, cos looks a bit turdy to me. 👋 + +u/Outrageous_junket817 bet that the [XAO would close down at least 2.85%](https://www.reddit.com/r/ASX_Bets/comments/xln4rj/to_finish_down_at_285_or_a_3_day_ban/?utm_source=share&utm_medium=web2x&context=3) last Friday or weeks ban. +First - fuck you for making me look into historical data. You lost that bet, but decided to roll the dice further, doubling down with a bet claiming XAO will break 6500 before today 🌈🐻. Fuck you, that’s our bread and butter! +On the other side of fence, u/mrpark3s thinks there is hope still yet, betting the [XJO will close above 6,574.70 today](https://www.reddit.com/r/ASX_Bets/comments/xnh61i/comment/ipuizte/?utm_source=share&utm_medium=web2x&context=3), or a 2 week ban. +Well u/Outrageous_junket817 – that’s 2 for 2 losses, giving you **2 weeks off** to work on that whore mouth of yours. 👋 + +u/mrpark3s... well i guess you fucked up too. Yesterday looked promising, but today was a little bit too shit. **2 weeks** off to consider reality 👋 + + +u/starchivoress hates me, betting [VML will hit 2.9c today](https://www.reddit.com/r/ASX_Bets/comments/xrmokz/comment/iqftwd7/?utm_medium=android_app&utm_source=share&context=3). Funny enough, if true then my price prediction on hotcopper will be correct - VML dropping 30% after I bought in. +Brings me great pleasure to banish you from this place for **1 week**. Don't fuck with FameLuck's portfolio 👋😘 + + +My oil-drenched beluga buddy u/stinkyfatwhale had bet [IVZ will hit 50c by the end of this month](https://www.reddit.com/r/ASX_Bets/comments/wer114/comment/iiq5okw/?utm_source=share&utm_medium=web2x&context=3), pledging to donate $10,000 to mental health if it succeeded, or a lengthy ban… +Looked good for a while there stinky, but looks like you’ll be **swimming with the fishes till Christmas**. 👋 + +And lastly and rudely (I didn’t even get to compliment you on your new(ish?) profile picture…), u/wowveryjosh will be fucking off for **3 long months** after some [long running convoluted TUL ban bet](https://www.reddit.com/r/ASX_Bets/comments/uc7ef3/comment/i69dmar/?utm_source=share&utm_medium=web2x&context=3) came to a conclusion.. at some time.. not in his favour.. +Honestly mate I couldn’t follow along with this multi-month waiting bet, but I was told you lost in the end by a very small margin. Something about the market not giving a shit. +See you over in banned mate 👋 + +&nbsp; + +#Unbanned + +u/Wherethecheesemoved is unbanned after IHL hit .35 after claiming it will hit .35 or being banned until it hit .35 resulting in it being below .35 on the day they said it would be .35 getting banned but unbanned since it hit .35. Savvy? +Welcome back champ 👍 + +&nbsp; + +That's it from me today folks. +Big thanks to the mods for letting me do the monthly update. You guys have no idea how much effort this shit actually takes. So clap for them monkeys! + +Lastly, it might not be much, but as a token of my gratitude… u/chzakalwe will receive 1 day ban in r/asx_bets_purgatory for every like this post receives. Because fuck him. + +May our future be green and full of bread 🍞🦆 + +#TL;DR + +Εδώ βρίσκετε καλή παρέα σε κακές στιγμέ +&#x200B; + +https://preview.redd.it/bedcno9nvpi81.jpg?width=700&format=pjpg&auto=webp&s=a325e3a049c93e16f2120d24b82de9a91d6fdacb + +*This is one of a series of posts where I will apply my fast and dirty historical fundamental analysis to some of the biggest dogshit stocks of 2021. If you are interested in the process I use below to evaluate a stock, check out* [How Do I Buy A Stonk???](https://www.reddit.com/r/ASX_Bets/comments/lzjpvf/how_do_i_buy_a_stock/) + +# The Business + +https://preview.redd.it/a5hcd8movpi81.png?width=900&format=png&auto=webp&s=bc7b8af4039683eabf2529f391bb5b75f1561e17 + +Costa group traces its founding all the way back to late 1800s with Francesco Costa, an Italian immigrant to Australia who was an aspiring wine maker. His sons continued his legacy in the food industry running the Geelong Covent Garden food store in VIC. The store was originally established in 1988, and the brothers took full ownership in 1938. + +&#x200B; + +[Website promotional photos mashup](https://preview.redd.it/xm3njg7qvpi81.png?width=2000&format=png&auto=webp&s=fd7fc7ce41a60d33d16dda4755f547523bbc0054) + +Over the decades since, Costa group grew and took on new partnerships. It has since acquired many other food growing businesses, and now cultivates and supplies tomatoes, bananas, mushrooms, berries, citrus, grapes, and avocados. In addition to that, they run Costa Farms and Logistics, a division which works with independent farmers to act as agents and brokers, as well as offer supply chain management. + +&#x200B; + +[Key Customers](https://preview.redd.it/qv4g5p5svpi81.png?width=4072&format=png&auto=webp&s=d466afbc3a1636aeeddb437e362e5b9774b09701) + +Their customers include the biggest super market chains in the country. Costa operates farms not only across Australia, but in Morocco and China. With all this, they have become the biggest supplier of fresh produce in Australia. In 2015, they listed onto the ASX and almost immediately were added to the ASX 200. + +# The Checklist + +* Net Profit: positive all of the last 5 years. Good ✅ +* Outstanding Shares: two moderately sized capital raises (most recent LY). Bad ❌ +* Revenue, Profit, & Equity: R & E trending up, but NPAT has been unreliable L5Y. Neutral ⚪ +* Insider Ownership: 4% w/ major selling in past (prev. CEO), on market buying recently. Neutral ⚪ +* Debt / Equity: 95% w/ Current Ratio of 1.5x. Neutral ⚪ +* ROE: 10.7% Avg L5Y w/ 11.1% CY20. Good ✅ +* Dividend: 2.4% 5Y Avg Yield w/ 2.6% CY20. Bad\* ❌ +* BPS $1.51 (2x P/B) w/ NTA $1.07 (2.8x P/NTA). Neutral ⚪ +* 5Y Avg: SPS $2.13 (1.4x P/S), EPS 10.7cents (27.7x P/E). Bad ❌ +* Growth: +8.9% Avg Revenue Growth L5Y w/ 10.5% CY20. Good ✅ + +**Fair Value: $2.71** + +**Target Buy: $1.80** + +^(\*I note the dividend yield as bad for few reasons which I explore in more detail in The Verdict section.) + +# The Knife + +[marketindex.com.au](https://preview.redd.it/r6jyaxq2wpi81.png?width=1816&format=png&auto=webp&s=b27786a6dff15bff4005f05d1077fe80fa13c6fa) + +In June of 2018, CGC reached an all time high of $8.55. Only 3 short years after having listed on the ASX at a touch over $2.00, the company had more than quadrupled their share price. Overextended is probably the right word to use here. + +From there, the drop was choppy and volatile. It reached its lowest since that high in Dec of 2019, when it traded at a low of $2.28. Still a bit of above the IPO price, but not by much. At that time shareholders were left with little more than the dividends that they had been paid over the years. + +Despite some recovery in the share price since that 2019 low, as of Friday 18/02/22 @ $2.95, Costa is still 65% down on it's 2018 all time high. + +# The Diagnosis + +The Short Answer: 2018 and 2019 were tough years for farming, not even mentioning 2020 shenanigans. + +The Long Answer: Weak agricultural commodity prices were a factor, but I think ultimately CGC is a pretty clear example of the importance of managing market expectations. Multiple misses on earnings. Surprise trading updates and missed guidance really did a number on this previously high flying share. + +&#x200B; + +[Anatomy of a Fall](https://preview.redd.it/vqdvvga4wpi81.png?width=1673&format=png&auto=webp&s=5088db26c02625ad65ddf3c8d8e329771afaab47) + +Just look at that descent… + +https://preview.redd.it/2b5h5v38wpi81.png?width=1200&format=png&auto=webp&s=a0a56d7f99a2a82c3d6acbb20713d08af33610b0 + +By the end of the 2019 calendar year, CGC was already in a significant down trend, having come off the boil, down about 20% off their all-time high. This was after their latest FY18 Annual report put a dampener on market optimism about future prospects. + +Even with the weaker guidance given in that report, CGC not long after came out with a trading update in Jan 2019 claiming “subdued” markets across their businesses and as a result they would fail to meet guidance in their Annual Report for the last half of the calendar year 2018. This caused the most severe of the share price drops. From a close of nearly $7.00 the day before, it dropped on open to just over $4.00. CGC bounced a bit and started a slow choppy recovery, but the share that had been floating in the $7-8 range now struggled to stay over $5. + +&#x200B; + +https://preview.redd.it/8a02tif9wpi81.png?width=1600&format=png&auto=webp&s=2c3245608fdf162118caf87f654a9956526d8e0e + +Then another brutal opening with a major gap down about 6 months later when during their AGM there was yet another nasty surprise for baghodlers. Performance was just not quite matching up to guidance yet again. By the time the 1H20 results were in, the share was so beaten down that the gap at open for that sour news was relatively small and short lived. + +At least, until the capital raise at the end of 2019 at any rate. A business that traded at $7-8 only a year or two prior, was now issuing potentially 80m new shares for $2.20, and it was for balance sheet “strengthening”, if that doesn’t say it all. + +# The Outlook + +Fast forward to today, and presumably things look a lot more bullish for CGC. While they are trading quite far off their highs at $2.95, CGC are still a good measure above their lows in 2019. Indeed, when the company went back to baghodlers 2 years later for a second capital raise in 2021, this time to fund a new acquisition, the entitlement price was $3.00, a good 35% higher than the previous SPP. + +&#x200B; + +https://preview.redd.it/nnnve5fcwpi81.png?width=1588&format=png&auto=webp&s=ad0b730282c2100a15b6a97dbefe42fae4db1f30 + +Agriculture commodities are also now in an uptrend since 2020, having previously been steadily falling for years. The Invesco DB Agricultural Fund, which invests in a wide basket of agricultural commodities futures, has recently started making 5 year highs in their fund value. It would seem the larger macro environment for produce prices has finally turned in CGC favour. + +&#x200B; + +[From 1H21 Report](https://preview.redd.it/2h1m75xdwpi81.png?width=1193&format=png&auto=webp&s=e59561779d6025af033fa2292b3eec279bc41bb5) + +Looking at CGC specifically, their results in the latest report (1H21) were a bit mixed. Though there has been some marked year on year improvement in their berry segment, which accounts for almost a quarter of their sales. Furthermore, expectations are that the market will be more bullish for the rest of their business segments in the future. + +**Farmland** + +Not only that, but as a means to gain exposure to farmland, CGC is not a terrible pick. With a broad exposure to many locations around Australia, it is one of the more diverse food producer stocks out there. Farmland is often considered a good hedge for inflation, being a bit like a utility, in that its a real asset with an element of necessity inherent in it. + +&#x200B; + +[1H21 Report](https://preview.redd.it/di5y58ifwpi81.png?width=2118&format=png&auto=webp&s=9695a981364a502e6ab1165199d38ffd0ab22ff6) + +However, it must be said that CGC lease many of the lands that they operate on, so if this is the only reason one is looking to invest in the company, there are perhaps better places to put one’s money to get more complete exposure to farmland itself. + +# The Verdict + +I think it's important to step back from the positive macro outlook to look back at the years previous. This share was in sharp decline well prior to the last 2 years worth of tumult, and for good reason. + +In 2019, CGC helped pitch its balance sheet strengthening capital raise by saying that over the previous 3 years since listing, it had poured $400m of capital into investments to grow the business. And after a couple of capital raises that together are almost another $400m, with additional costs besides, I think its safe to say that CGC has more than doubled that number to quite likely over $1billlion in investments in the last 5 years. That’s a lot of money, and any investor would want to see that CGC were able to get a decent ROIC on that money. + +But what has all that money done for the company? + +&#x200B; + +https://preview.redd.it/yt13mcshwpi81.png?width=859&format=png&auto=webp&s=c2944badc940278a627ea80cfb9120680611cfc7 + +Well, just purely looking at the headline numbers, one cannot be faulted for wondering. A new investor with no knowledge of the previous history and how much capital has been spent might look at the consolidated figures for the last 5 years and remark that the business seems healthy enough. With modest growth, somewhat offset by the additional shares stagnating the per share figures. The only thing that really stands out is the sharp dip in earnings in 2019, presumably a bad year for harvests. + +By all appearances a boring but profitable company that pays dividends. If that's your bag, what’s there not to like? Except, in light of all the investment capital expenditure, CGC seems to have fallen flat at the results level. + +**Capital Raises & Dividends** + +In The Checklist, I noted that their dividend yield of roughly 2.5% was bad. I mean, it *is* low, especially for a staple stock which is otherwise pretty boring. But that really isn’t the primary reason to be negative on the dividend front. There’s actually a quite a bit to unpack here, and I think it’s somewhat insightful into the fundamental problem with CGC and how it has been run. + +Costa has not missed a dividend since they started paying one in 2016. That sounds like a good thing, until you consider the fact that during this time, they’ve also conducted two not insignificant capital raises. In particular, the first one in 2019 proposed to raise $176m (equating an extra 22% in total outstanding shares) in order to “strengthen” the balance sheet. Usually, one would expect the dividend to be suspended temporarily under that sort of circumstance, but it was not. + +Since then, CGC debt level has not improved. At the end CY18, CGC held about $290m in long term debt. By the end of CY19, that increased to $467m in long term debt. By CY20 it was $446m. What happened to the $176m raised to strengthen the balance sheet? That’s not even to mention more recently the latest figures have the debt sitting at $615m. + +In that context, why would CGC continue to pay a dividend? Over the last 5 years the company’s debt has more or less only gone up, and is now tracking to exceed shareholder equity. Interest expense alone has been tracking around $26-28m the last couple of years and that was on a balance that was only about 3/4 the size it is now. It's not hyperbole to say that the level of its debt and interest payments are starting to become concerning. Consider that their EBIT tends to only be about $100m in a good year. In CY2019 their EBIT was only $64m. + +&#x200B; + +[Wait, did we forget something?](https://preview.redd.it/1bdj4rziwpi81.png?width=1100&format=png&auto=webp&s=5d3d24b5b9ecbdf4f8fc9a133c74e792702d4277) + +Ironically, the same way that companies would normally reward their shareholders is seemingly turned on its head with CGC. Dilutive balance sheet fixing recapitalizations are ultimately much worse than any transitory reduction in dividends. If I can say anything after reviewing so many absolute sinkers of dogstocks, it is that if a business isn’t healthy and continues with processes that are detrimental to addressing their fundamental problems, it doesn’t tend to end very well for badhodlers at the end of the day. + +# The Target + +Putting that aside and looking at the numbers only, would it even be worth the punt in the first place? Well, based on the historical numbers, the answer is simply: no. Even at CGC’s beaten down share price, on an average share figures basis, they are already above what might be considered a fair value. + +Though, the historical averages don’t really paint an accurate picture of the business as it stands now. It’s important to factor in the investments over the years. More specifically, CGC's most recent acquisition of 2PH farms. + +&#x200B; + +https://preview.redd.it/bif4kmhmwpi81.png?width=850&format=png&auto=webp&s=b68b5f806bb657ef4a3a5c96d32d855ce400ff41 + +Using CGC’s 1H21 figures and the information provided in the 2PH investors presentation, as well as a bit of seasonal adjustment, we can get a decent bearing on where the business will be for CY21. Pleasingly (or maybe worryingly?) our figures match up quite well to CGC’s own guidance that they should do marginally better on last years full year figures. + +The main thing to note here after all the math is that CY21 represents only about half a year worth of 2PH's figures. So, if we were to replicate the results for CY22, but giving full weight to the 2PH allotment, we can get a decent idea on what the business in toto is worth moving forward. + +And using the above per share figures, we can arrive at the following fair and target buy prices: + +**Fair Price (CY22): $3.55** + +**Target Buy (CY22): $2.42** + +At the end of the day, not too bad. At $2.95, it represents OK value vs what might be considered a fair price. Though, in line with the target, I’d be inclined to fish for a deeper discount before considering a position myself. Especially given the history of this share's price. + +The main concern though always goes back to the previous investments falling largely flat once the figures are tallied, with the most significant effect being the shareholder dilution that remains. And until CGC start to seriously address their debt levels, I think this consumer defensive stock looks to be quite risk-on. + +# The TL;DR + +With almost 100 years of history in Australia, Costa Group is one of the largest suppliers of fresh produce in Australia. They deal with all the big grocers in the country and have operations spanning every state in the country, as well as relatively new facilities overseas in Morocco and China. + +Their history on the share market is quite a bit briefer, only having recently listed in 2015. A dramatic first 3 years saw their share price quadruple, but since then misses in earnings and guidance have brutally cut them back down to size. + +Trading now at a severe discount to their all time high, the one word that comes to mind for those previously lofty price levels: overextended. Costa’s business fundamentals just do not stack up to the hype that they had received years ago. Despite a beaten down share price, they are in my opinion trading at fair value at best. + +The real trouble though is the questionable history of capital management over these years. By my own calculations, over $1billion has been spent for seemingly no obvious benefit. Baghodlers of this share are likely questioning whether the latest capital raise and acquisition will actually bear fruit. + +*As always, thanks for attending my ted talk and fuck off if you think this is advice.* 🚀🚀🚀 + +*I'd love to hear other's opinion on CGC and whether there is potential here that I am not seeing. Also, suggest other dogshit stocks that are/were on the ASX 200 index, and I might put them on the watchlist for a DD in future editions of this series.* + +*On Deck Next Fortnight: CDA* + +*Currently on the Watchlist (no particular order): CGF, FLT, QAN, NOU, OML, CIM, CTT, BSL, ANN, ABC, WOR, NUF.* + +[*Previous Editions of Catching the Knife*](https://www.reddit.com/user/Nevelo/comments/sfc7gi/catching_the_knife_series/) +Hello all, + +I'm hoping you can help me out. My husband recently passed away and I now believe he owned some number of bitcoins, which I am unsure of how to recover. + +He's been very interested in bitcoins for the last couple of years, spending a lot of time on various bitcoin websites, such as this one, and even purchasing computer hardware that could (if I understand correctly) produce new bitcoins. + +I had never thought of this as more than a hobby, but after seeing the news of the recent bitcoin site's failure it now seems that any bitcoins he has could be worth real money. If he did have bitcoins I didn't know about, I'm just hoping they are safe. + +His passing has really put us in a difficult position financially. Any amount of real money I may be able to recover as a result of this would be tremendously helpful. Unfortunately, I have no idea where to even begin. Is there a way of telling whether or not he did indeed have bitcoin? And if so, how might I recover and exchange them for real money? + +Thank you, +Hey Everyone! Long time lurker, first time poster. + +I (29 Year Old, Canadian) am fairly new to the stock market game. Started investing around when the COVID crash happened. Received a decent sized chunk of change (basically free money) and invested in some dividend stocks based on some advice and research. Looking (and hoping) to re-invest 200-300 a month into this portfolio: + +$AAPL - 2 shares + +$O - 3 shares + +$[XEI.TO](https://XEI.TO) \- 12 shares + +$[XIU.TO](https://XIU.TO) \- 10 shares + +$DIS - 2 shares + +$PEP - 4 shares + +$T - 4 shares + +$MSFT - 3 shares + +Hoping to get some advice on for long term growth to sit on. Don't need the money, so looking to sit on at least 20-30 years. Anything you would change? Better dividend growth stocks out there? + +ALSO, and a big also... my wife thinks investing in the Market is a waste of money and thinks it will all be lost in a year. She just wants to put it in the bank in our low yield savings account. Can anyone here good at math ballpark our investment growth for the next 20-30 years? Possible outcomes with dividend growth from re-investing in hopes to convince my wife that this is a good idea for us! + +Thanks all in advance. :) +Can you buy shares before ex dividend date and sell them a couple days later? Like keep doing that with different companys that pay divs? + +Could you just keep doing that? I acknowledge fluctuation in price is clear a risk but can someone explain if that kind of thing is a strategy or a pipe dream? +I'm an 18 year old. I have recently separated my own finances from my parents and opened my own bank accounts and investment portfolios. I have $2,000 that I have saved since the beginning of this year and I would like to put it somewhere where it's moving and generating a little bit of passive income. Any recommendations? +Alright so, A few weeks back I posted about the shady situation I found myself in, as [Fidelity didn't have all of my GME shares available to vote](https://www.reddit.com/r/Superstonk/comments/uo3fcu/update2_fidelity_hasnt_found_where_10000_dlls/). + +I shared on SS and they were popular posts with lots of comments, a good chunk of which were along the lines of "*if youre on margin, you had it coming, you shoulda known better*". + +I trade options, some naked.... but that is not the point. My point was really, how can those shares be lent when YOUR OWN POSTS ON REDDIT and YOUR OWN CUSTOMER REPS constantly tell you they cannot lend those shares if you're not on a margin debit? + +That's all I wanted. Reconciliation - I wanted them to either admit they're rehypothecating my shit to oblivion, or that they make it clear to people they can still lend your shit even if you're not on margin debit. To those not trading naked options, having that explicitly detailed may deter them from trading on margin and just switching to a cash account. + +Well, I finally got a response from Fidelity after some back and forth via secure email, and they've updated their own fidelity subreddit on it. + +Fidelity's update has just been updated and pinned their fidelityinvestments subreddit. I wont link cause I think that will get this post removed. + +&#x200B; + +*" After a review of a customer’s question which focused on how shares could be loaned from a margin account in the absence of an open margin loan, we realized it was important to clarify that a margin loan, although the most common account activity that renders shares available to lend, is not the only account activity that results in Fidelity extending credit to a margin account customer to support the customer’s account activity. "* + +&#x200B; + + + +*"We are updating our securities lending table below to include these two scenarios that we had not identified at the time of the original posting.* + +***Updated Securities Lending Scenarios*** + +*Can Fidelity lend my securities?How much can Fidelity lend?Margin account with a loan/ debit balanceYesUp to 140% of the value of your loan when factoring in uncovered option requirements and/or short position mark to market in the loan calculationMargin account without a margin loanYes, if a net liability incurred due to: 1) Uncovered option positions 2) Short positions with adverse price movement1) N/A if no debit and either no uncovered options or short positions 2) Up to 140% of the value of your loan when factoring in uncovered option requirements and/or short position mark to market into the loan calculationCash account (no margin)NoN/A* + +*A natural next question you may ask is how can I tell if my shares are being lent out? Any extension of credit by Fidelity can result in your shares being available to lend. However, when Fidelity lends shares, Fidelity lends from the overall pool of shares available to lend. These loans are made without designating which specific customer’s shares were lent for a particular loan or have been lent at all. Our account-level records indicate merely which shares were available to lend, but not which specific account’s shares were lent."* +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Find the latest Altcoin Discussion thread in [this search listing](https://www.reddit.com/r/ethtrader/search?q=author%3Aautomoderator+title%3Aaltcoin&include_over_18=on&sort=new&t=all). + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Hey Guys, this might not be interesting, but I thought it was curious given the current state of the property market. + +I recently bought an apartment (no, not a new one). It was listed Nov last year for 435k+. It lowered in price twice to 400. I got interested, offered 380 and raised to 385. Got knocked back, walked away. They got in touch a few months later and offered it to me for the 385. I said no and the listed price subsequently dropped to 385. I eventually offered lower than 385 and had it accepted at what I offered. + +It settled but the realtor took a while to change the listing to "sold." I showed a few friends the listing after settlement to show them what I got and all the while it was still listed at the "385+" it had been lowered to way back when. Last time I checked the listing had been changed to "sold" but the curious thing is that the realtor, when designating it as "sold", took the liberty of raising the price to 390... now of course they are under no obligation to let the world know what the seller got/what I paid but it's also very cheeky to raise the price in that way. + +(Side note, is this what the price look up feature draws on? In 10 years time if someone looks up what I paid will it show this new price or the true price?) + +Apologies if a boring story - downvote away. +Credits to u/JG-at-Prime for sharing this in the other sub. Crossposting for visibility: + +Link to the audio: [https://www.youtube.com/watch?v=v9WLziFGmng](https://www.youtube.com/watch?v=v9WLziFGmng) + +&#x200B; + +The text was autogenerated and I just split it up according to the persons - please let me know the mistakes so I can change them. + + +**Interviewer:** + +one is how do you think about the you + +know why if you could be so great at + +asset management why do this other thing + +as well and the other is i mean what has + +been the secret to to success and i know + +it's technology but if you can go into a + +little bit more that would be great + +&#x200B; + +**KG:** + +so first of all i think it's important + +to be clear that our that our asset + +management business + +is driven mostly by our + +our performance fees which are our + +profit sharing with our investors + +when our investors make money we make + +money and when our investors don't make + +money we get paid very little + +and this alignment with our clients + +puts us in a position to be laser-like + +focused + +on both identifying opportunities and + +managing the risks of the portfolio + +so unlike + +most of your traditional asset managers + +we're in a very different business in + +terms of having to be just continually + +focused + +on how do you have in the marketplace + +a competitive advantage in identifying + +mispriced assets and opportunities + +around the world + +so that brings us back to the core of + +our market making business which is + +around predictive analytics + +in the hedge fund we spend an incredible + +amount of time forecasting + +where we think for example the price of + +natural gas will be in the united states + +where the 10-year bond yield will be a + +month forward think about that mindset + +of forecasting + +future prices + +and bring it into a very short-term + +horizon say the next + +and then apply those forecasts + +and thinking about how you manage the + +risk inherent + +in a portfolio that is given to you in + +your capacity of providing liquidity to + +the marketplace + +so at 100 000 feet we're in the + +forecasting business + +and in the hedge fund our forecasts tend + +to be + +forecast that are measured over weeks or + +months + +and in the market making business those + +forecasts are thought of as being + +measured in the course of of minutes + +hours or days + +but at the core of both of these + +businesses is very much a focus on + +predicting what the future will be + +so for example in the market making + +business you'll see technologies like + +machine learning being used + +to build your forecasts of future stock + +returns + +&#x200B; + +**Interviewer:** + +got it + +good so let's dive let's dive right into + +it let's start right into the game stuff + +so ken if i'm gonna start just by um + +because gamestop was a little while ago + +so i'm gonna just do a quick i got + +there's a little blurb here on wikipedia + +and i just start by saying i don't + +represent by no means do i represent + +what's on wikipedia as the truth but + +rather just sort of as an expression of + +kind of the gestalt of the commentary + +you know especially around that time and + +just to kind of refresh people who + +haven't have kind of fuzzed out of the + +details so + +um january 25th it was announced that + +griffin citadel would invest 2 billion + +into melvin capital um which was the + +hedge fund that had suffered losses more + +than 30 percent on the short positions + +particularly on gamestop + +um on january 28th robin hood an + +electronic trading platform favored by + +many traders involved in buying game + +stock stock stocks and options which by + +the way you know my firm's involved in + +abruptly announced that it would halt + +all purchases of gamestop securities + +except to cover shorts and would only + +allow those securities to be sold if + +already held but not sold short so in + +other words uh you know robin hood cut + +off basically the ability for the retail + +traders who were who were shrinking stop + +it and melvin capital of the time from + +being able to trade + +um the price of gamestop stock declines + +deeply shortly thereafter + +because robinhood receives a substantial + +portion of its revenue through a payment + +for order flow relationship with citadel + +securities llc + +uh many commentators criticized the + +potential for a conflict of interest + +where the same entity plays the role of + +market maker and also participates in + +the market uh that it makes and of + +course in this case also was a a major + +investor in the in the in the hedge fund + +on the other side of the gamestop + +uh situation so um i wanted to start and + +you know obviously please critique any + +of that that's false um but um you know + +just more generally i would love to hear + +and i know everybody would you know kind + +of from your perspective basically like + +from your perspective like what happened + +like what is the true story of what + +happened during that period + +&#x200B; + +**KG:** + +so you know in broad strokes + +melvin capital was short a variety of + +stocks that became + +of interest to rather savvy and + +sophisticated retail investors + +who realized that the amount of stocks + +short was just disproportionately large + +relative to average daily trading + +and these retail investors realizing + +that there were these unduly sized short + +positions in the marketplace + +started to buy these stocks + +that caused the hedge funds that were + +short these stocks to start to incur + +losses + +and + +you know when firms are losing money + +they almost reflexively start to cut + +their own risk + +so in this case they start to cover + +their shorts and you end up in this + +reflexive pattern + +that has retails by the stock pushing it + +higher + +the hedge funds that are short are + +covering their shorts pushing the same + +stock price higher + +and this this + +virtuous circle + +becomes incredibly painful for the hedge + +fund managers that are short the + +securities of interest + +and we saw this virtuous circle + +playing out in the marketplace + +and on the day that we invested in + +in melvin + +we thought that this had run its course + +in fact it was very clear in the morning + +of the day that we made the investment + +that this short squeeze + +was was apparently dying down + +and we invested money into into melvin + +to take advantage of the fact that a + +number of their shorts had become very + +inflated in price and we expected those + +prices to revert in due course and we'd + +have made a successful investment + +right + +and + +at that moment + +the world changed we had the social + +media + +landscape with some very important + +influencers really lit up on the story + +of gamestop + +as being a stock to get long and and to + +ride to the moon + +and + +melvin + +continued to cover their short + +very aggressively over probably the next + +48 hours give or take i can't remember + +the exact timing of this + +now + +ironically + +i'm almost certain that melvin had + +covered their entire short before the + +28th + +in fact they put out a press release the + +press release would give the exact + +timing of it + +i i don't recall that off the back of my + +hand but i'm pretty certain that by the + +time that robin hood stopped trading on + +the 28th melvin had already covered + +their short and moved on + +&#x200B; + +**Interviewer:** + +and basically just taking the taking the + +losses would be the way to think about + +that + +&#x200B; + +**KG:** + +right yeah they take in their loss + +and they they moved on yeah + +i mean part of what good risk managers + +do is is when they're when they're wrong + +and they can't understand what's taking + +place in the marketplace + +they they + +take it on the chin + +they take their loss and they move on + +now robin hood had a distinctly + +different problem than + +melvin had they had a problem of too + +much success + +robin hood had opened accounts with + +millions of retail investors + +who seen + +this price dynamic plane out in game + +stop + +seeing some of the really important + +influencers and financial markets + +advocating to purchase a game stop + +we saw an absolute deluge of retail + +buyers of gamestop unlike anything + +i think the markets have ever seen + +before + +the problem that's created for robin + +hood + +is this very concentrated + +position of buying + +required them to post + +good faith + +margin + +with the clearing house that everybody + +on wall street uses + +and i believe that that good faith + +collateral requirement was order of + +magnitude three billion dollars + +yeah that's right + +of cash + +yep + +and robin hood simply didn't have three + +billion dollars of shareholders equity + +to draw on + +to post that margin + +and so because of their incredible + +success + +they needed to restrict trading at that + +very moment in time where i'm certain + +they would have wanted to continue to + +trade + +to gather the revenues associated with + +trading but they couldn't because they + +had + +to let some of those purchases work + +their way through the settlement cycle + +to release the demands for cash + +collateral + +and of course as you know robin hood was + +out trying to raise capital at that + +moment in time to generate more cash to + +give them the flexibility to make the + +margin calls that they had to make + +&#x200B; + +**Interviewer:** + +mm-hmm + +yeah and in fact you may know our firm + +participated in that in that round in + +that in that sort of in that sort of + +injection + +&#x200B; + +**KG:** + +and i'm certain that was a successful + +investment for your firm + +&#x200B; + +**Interviewer:** + +yeah yeah that + +was good um + +you know there's a couple of kind of + +claims that have you know kind of went + +viral around that time that i think you + +know probably are still you know kind of + +still circulated around so yeah one one + +is this kind of idea + +you know so this idea that on the one + +hand you've got this relationship with + +melvin capital where you're now big + +investor you know on the other hand + +you've got this relationship with robin + +hood you know where they get a lot of + +their revenue from you know from uh for + +payment for order flow through you know + +through your through your market maker + +um and so there there's this perception + +developed that you're kind of sitting in + +the middle of this web and kind of + +pulling strings and then there's this + +kind of you know shadowy consortium or + +whatever they call it in the background + +and they're issuing this this overnight + +demand for for money and that's you know + +presumably like somehow rigged up by + +wall street so like how do how do you + +kind of process through + +like you know yeah what's your what was + +your reaction to kind of finding + +yourself in the spotlight on that kind + +of thing and how do you kind of process + +through trying to explain to people what + +what the reality of the situation was + +&#x200B; + +**KG:** + +well i have to say that that processing + +conspiracy theories is not one of our + +core competencies + +so we were a bit slow out of the gate to + +to + +dispute this this ridiculous set of + +claims just given like + +we don't find ourselves the middle + +conspiracy theories very often + +so as a large market maker in fact the + +largest market maker in the market + +in late january in gamestop in a-m-c in + +the other meme stocks you know we were + +very interested in seeing the + +continuation of trading both buys and + +sells + +one-way flow is a really difficult + +proposition for a market maker + +all you do is you've got one-way flow so + +people keep selling you stock you keep + +accumulating inventory what are you + +going to do + +you make your money as a market maker + +from the bid ask spread of buying and + +selling getting into and out of a + +security over the course of a day + +so + +we as a as a market maker + +we're the largest market maker in this + +in this period in late january because + +of our operational capacity to take on + +the operational risk and capital demands + +that were inherent in this incredible + +increase in participation by retail + +investors + +so in contrast to robinhood we had the + +financial strength + +to meet our collateral calls + +we had the operational bandwidth to meet + +the demands of the marketplace on our + +business + +and then with respect to to melvin you + +know as i spoke about it earlier + +i + +they're short and game stop was the best + +of my knowledge like already gone or + +virtually gone it wasn't even in our + +minds on the day of the 28th like didn't + +even think about it + +and so the fact that people made that + +connection x post was certainly not a + +connection that i had made a prior + +&#x200B; + +**Interviewer:** + +got it right see we're sitting there + +thinking we have to optimize the value + +of this investment we just made it in + +capital + + +**KG:** + +no + +&#x200B; + +**Interviewer:** + +okay and then there's two just + +absolutely and then we'll let alex have + +to ask more detailed questions but + +there's just two things that are just i + +that i actually learned i i knew kind of + +intellectually but there was something i + +i knew intellectually but didn't realize + +kind of emotionally or viscerally until + +i saw it happen which is + +um + +you can't if if you are short a stock + +you know if you're a fund and you're + +short of stock + +you cannot and and can't correct me if + +this is wrong you can't close out that + +short without delivering that stock + +right which is which is to say like i + +can't if i'm short whatever and it's + +whatever i'm i you know i i and i offer + +you a hundred dollars to close out the + +position 500 suppose the position a + +thousand dollars close at the position + +ten thousand dollars close that's + +position i can't close out the position + +without the actual share of stock + +because the the the because basically + +you know there's in theory potentially a + +limited downside if the stock keeps + +rising + +um is that technically true + +&#x200B; + +**KG:** + +so + +for + +99.99 of situations + +of which this was one of that 99.99 you + +had to buy the actual shares back if you + +were short and trying to cover your + +short + +so for all intents and purposes one + +should view if somebody's short of stock + +they're gonna have to one day buy those + +shares back + +in the marketplace as a regular way + +trade + +what's by the way just like you're + +asking what's the 0.01 percent exception + +you know i sometimes professionals over + +the years i've seen people willing to + +settle short for cash in lieu + +but that's almost always the context of + +things like tender offers for a company + +okay right so if companies are being + +bought for stock or sorry for cash let's + +call it you know + +general electric's gonna buy a company + +they're gonna pay 24 a share + +once the tender closes if you were short + +that stock + +since the tender's closed the company's + +been bought + +you can under those circumstances settle + +your liability for cash + +yeah + +but yeah but and what you're describing + +is a particular kind of bounded + +situation with presumably minimal risk + +in contrast + +the shares are gone the company's been + +bought and how do you how do you wrap up + +that contractual situation amongst the + +parties + + + + +**Interviewer:** + +right but if there's unlimited if + +there's unlimited if there's a limited + +potential future downside you can't get + +a counterparty uh who won't settle who + +will who will trade who will settle you + +out for uh for anything short of the + +actual stock + +&#x200B; + +**KG:** + +if if one of the challenges you have as + +a short seller is your risk is unbounded + +right + +and so that's that's why when people are + +constructing portfolios of longs and + +shorts their short positions tend to be + +much smaller than their long positions + +on a relative basis + +because the risk on the short sides + +unbounded in comparison to the risk on + +the long side positions + +&#x200B; + +**Interviewer:** + +and then that leads to the second thing + +which i'm just you know i'm just called + +up the game stock the game stops stock + +price + +i guess i get the terms gamestop stock + +and stonk confused in my head all the + +time now + +um but um the game stop stock price + +uh you know we're sitting here now what + +almost a year later and it's still um + +the market cap the stock price is still + +179 + +dollars a share + +um uh which is up you know it's up a + +thousand percent uh from uh from a year + +ago um and the the market cap of the + +company is almost 14 billion dollars and + +if you just look if you look at the + +chart it's not quite you know it's not + +at the all-time high that it got during + +the the truly crazy period but like it's + +not that far off it kind of peaked out + +at over 300 and it's still at 179. it + +certainly hasn't fallen back to where it + +started + +um are you surprised that and i guess + +you know but i guess the logical + +implication of that is there are still + +you know the suggestion i think that + +that price might be telling us is there + +are still funds out there that are short + +that haven't been able to buy back and + +the reddit the reddit horde is still + +torturing them or is that is there some + +other explanation for or maybe maybe the + +company's by the way much better right + +is the other possibility but like are + +you surprised that that stock is held up + +because i think a lot of you know the + +commentary at the time was obviously + +this thing is going back to you know + +near zero + +&#x200B; + +**KG:** + +well i you know i think it's it's + +incredibly complicated situation first + +of all the management team of the + +company did a great job of buying back + +its own stock + +you know ballpark two years ago at much + +much lower prices + +so the company the company bet on its + +own future and bought back a fair number + +of shares + +i think was the single dollars per share + +back you know roughly two years ago and + +that's that's in rough strokes i'm not + +i'm not a game stop expert per se + +but my member serves me right that's + +what they did about two years ago + +and then there's been a you know the + +rise of a significant new investor the + +founder of chewie + +and he has an incredible reputation as + +being an entrepreneur + +and really understanding how to connect + +with the consumer + +in a profound way in an e-commerce + +environment + +and if somebody's going to figure out + +how to how to turn gamestop into a + +successful ecommerce-based platform he + +behind the list of people to do it yeah + +and that's that's the question can they + +pivot from several from from a huge + +footprint of stores around the world + +with a relatively high cost of + +distribution + +to an e-commerce led company with a + +broader mandate that's able to engage + +the consumer in a profoundly different + +way + +and the market price today reflects + +people's views on that very same + +question + +the the current short position in the + +stock + +is is actually quite trivial compared to + +what it was just a year and change ago + +virtually all the + +short players are long since gone from + +this name they've given up trying to + +understand + +how to price gamestop with with + +with uh the founder of chewie at the + +helm + +&#x200B; + +**Interviewer:** + +yeah if you look at by the way if you + +look at the five year chart it it looks + +like a partner part in the metaphor it + +literally looks like a corpse that + +suddenly came back to life + +um + +it it's just this flat sag for like four + +years and then there's this crazy spike + +you know during the during the reddit + +drama and then there's this kind of + +choppy but like fundamentally as you + +said kind of you know this is kind of + +new this kind of new normal at least for + +the last like whatever nine months + +&#x200B; + +**KG:** + +um you know + +yeah the question here is + +and and you know i + +i play my xbox + +yeah i just got called dude advantage + +i downloaded it + +yep + +i didn't walk into a store + +&#x200B; + +**Interviewer:** + +yep well i mean that was that that was + +the presumption + +&#x200B; + +**KG:** + +right prior to the + +reddit prior to the reddit the reddit + +guys figuring out the you know the the + +short situation right that was the + +presumption right that was the + +presumption the presumption was the + +world was going to go to digital + +downloads so fast + +that gamestop would not be able to + +change its cost structure quickly enough + +to adapt to that brave new world and + +they were going to meet the same fate as + +blockbuster + +&#x200B; + +**Interviewer:** + +yep right + +&#x200B; + +**KG:** + +right and blockbuster actually dates you + +and i once again like videotapes to a + +lot of people are just uh like they see + +them in movies they don't actually know + +that we actually went to blockbuster and + +used to rent them + +&#x200B; + +**Interviewer:** + +well there's actually again there's a + +new netflix movie coming out to just to + +pour salt in the wound i think netflix + +is just is making a movie i think it + +might just have come out called the + +the last blockbuster + +and it's literally a movie about the + +last video rental store so um at long + +last they've uh + +i think they're spiking the uh the ball + +in the touch in the in the end zone + +&#x200B; + +**KG:** + +so that's pretty funny and so my first + +question is as well you know will the + +management team at gamestop + +find ways to connect the consumer + +that are different than what they were + +doing three or four years ago + +that create value for consumers for + +which they get paid to do + +&#x200B; + +**Interviewer:** + +yeah and then + +good well the well the reason i brought + +this up the five year charter is it goes + +to the point you made i just want to + +explore one more one one more level + +which is um + +you know this is a situation like you + +can tell a very different story here the + +story basically is they had this you + +know they they were in trouble then they + +had this exogenous event caused by you + +know the mechanics of the of the stock + +market and then to your point like + +they have seized in the best case + +scenario they've seized on the exogenous + +event to now construct a better future + +for themselves + +&#x200B; + +**KG:** + +no doubt no doubt + +they raised a tremendous amount of + +capital right + +to create a war chest + +that gives them the flexibility to + +pursue + +a variety of different business + +strategies + +&#x200B; + +**Interviewer:** + +yeah and so it's like this it's like + +this unusual reverse move though where + +it's like it's and by the way we see + +this in our business and + +it's it's speculation creating reality + +right like potentially in a really + +positive way + +&#x200B; + +**KG:** + +so that will that the markets will judge + +that in retrospect right were the people + +that bought gamestop stock from the + +company over the course of the last year + +brilliant or not and we'll find out + +based upon the success the the failures + +or success the merits of where gamestop + +takes their business + +yep good okay by the way that's what + +makes america's capital markets work + +differences of opinion + +drive our capital markets i just + +remember a few months ago hertz was left + +for dead in the middle of the pandemic + +they were in bankruptcy + +and they went to raise money in the + +stock market and the sec said you can't + +do it an offer you're you're bankrupt + +yep right and now hurts is this + +incredible success story + +yep + +so i think we all have some level of um + +humility about our ability to forecast + +how any given company is going to + +progress + +prosper or fail + +&#x200B; + +**Interviewer 2:** + +well i think i think that's one of the + +great things here is that it turns out + +retail is very smart sometimes called + +retail dumb money but actually + +and i mean smart on tesla + +smart paradoxically on something like + +hurts which was bankrupt and potentially + +smart on many of these others one of my + +favorite things is if you google apple + +ipo massachusetts there's an article in + +the wall street journal about how the + +state of massachusetts to protect the + +general public banned their + +participation in the apple ipo which is + +of course now the biggest company in the + +entire world + +so it turns out sometimes retail + +investors are smart and uh you know i i + +would argue that right now it's a better + +time to be a retail investor than ever + +before + +&#x200B; + +**KG:** + +uh you know i think it's always + +important to remember that that a number + +of your retail investors are they're + +intrinsically optimists + +and when they see a great product + +run and a company run by an inspired ceo + +they're willing to put their money on + +that + +they're willing to believe the future of + +america they're willing to believe in + +the tesla story + +&#x200B; + +**Interviewer:** + +yep and get rewarded get rewarded + +appropriately and and motivate and + +motivate more entrepreneurs to build + +more companies like that + +yep good okay look i would love to keep + +going we have you know we could go for + +hours on this but uh we're coming close + +ken to the end of your time so i wanted + +to also i want to ask you about the + +other thing you've been in the headlines + +for recently in our world as well as + +more generally which is uh your purchase + +of the us constitution and your + +competition and your uh your uh you're + +just very narrow i think trouncing but + +you're trouncing of the uh of the + +constitution dao uh web 3 project that + +that got a lot of attention like you + +know consortium of three crypto people + +that were trying to buy the same uh the + +same uh constitution so maybe tell us + +tell us a little bit about that how how + +did that go down from your perspective + +&#x200B; + +**KG:** + +so first of all it didn't go down + +the constitution + +is one of the most sacred documents in + +the history of our country + +and as many of you are aware i have a + +great passion in governance in public + +policy + +in how to make sure that america stays + +the land of opportunity it's incredibly + +important to me it's it's a huge focus + +of my my charitable activities + +is to broaden the safety net in america + +to create opportunities for people to go + +to our finest schools + +to ensure that america continues to be + +really that that shining light on top of + +the hill + +and so when that constitution came up + +for sale i i actually saw it several + +weeks before the auction + +and it's one of those moments i i walked + +out of sotheby's and told the friend i'm + +like i'm going to buy that + +because to own such an important part of + +the history of america and really the + +just the profound wisdom of the words + +transcribed on that paper by the thought + +leaders of our nation + +that that was truly important to me + +and then nothing like seeing the + +constitution dao raise just a + +mind-blowing amount of money + +in in a few days in front of the auction + +and what a statement about community + +i mean i am blown away by the passion + +of the community + +to come together to + +share this document with our country + +and just as i will share this document + +with our country i was really impressed + +to see so many americans willing to put + +up money to make that happen as a + +reality + +and so the the night of the auction you + +know what i've learned over the years in + +auctions simply the person willing to + +pay the most wins + +there's no grand jury being the winner + +at the auction you're just willing to + +pay more + +in fact you might be saying you're the + +person willing to pay more than anybody + +else in the world at that moment in time + +that's not always where you want to be + +in life + +but i was fortunate enough to to have + +the financial resources to acquire the + +constitution + +and as you're well aware i've already + +committed to lending it to crystal + +bridges + +where it will be shared with hopefully + +over the next few years millions of + +americans and crystal bridges is a + +really special place it touches touches + +the midwest in a profound way it touches + +the south in a profound way a huge + +number of the people that go to crystal + +bridges have never set foot into an art + +or history museum before in their lives + +and to really share the american vision + +with so many people i hope is an + +inspiration to our youth about the + +greatness of our country + +about the greatness of our founding + +fathers and we didn't get everything + +right but we changed the world + +and will inspire + +people to pursue both + +public service and to pursue how can + +they make america better + +&#x200B; + +**Interviewer:** + +yeah + +when do you think uh well where exactly + +is that and when do you think people + +will be able to go see that + +&#x200B; + +**KG:** + +so it's going to crystal bridges i don't + +have their opening date yet but it will + +be early in 2022. + +&#x200B; + +**Interviewer:** + +got it + +that's fantastic that's great hopefully + +a lot hopefully a lot of people uh go i + +would love to i would love to go see + +that + +good so i can't think of a better way to + +end the conversation and we're right at + +six so ken wanted to thank you for your + +time and and for uh for uh getting into + +these uh these exciting topics with us + +and and we really enjoyed having you + +what a pleasure great to be with both of + +you tonight + +&#x200B; + +**KG:** + +thank you so much for having + +had made the time + +&#x200B; + +**Interviewer:** + +good awesome fantastic + +thank you everybody in the audience for + +joining us and we will be back we'll be + +back soon + +okay thanks so much thanks ken + +great thanks ken + +great good night everybody thanks ken + +thanks everyone + +Finish +I have been toying with a few ideas: + +1. Back test all candlestick patterns for highest probability signals (wondering if anyone has done this already) +2. Look for frequency of candlestick patterns to maximize frequency of signal triggers. (this exercise was on daily candles - will evaluate other time frames as well) + +Item 2 was the low hanging fruit - so wanted to share the results. + +I wanted to make a bot that took bullish engulfing patterns as a buy signal and take 1.5 to 1 profit/risk on the trade. Looks like engulfing patterns see a good amount of action. + +If it is helpful/insightful for you guys - I might do another summary on the bullish/bearish versions of each of these items (where applicable - example bullish spinning top versus bearish spinning top) + +Some next steps: + +1. Sector correlation. Does one sector particular patterns over others? +2. Back test a single pattern's bull/bear variant + +https://preview.redd.it/an8t0idhzzq61.png?width=640&format=png&auto=webp&s=611912f4fa053f44aa5f681fb43bfb6b7e617820 +Gary Gensler's propensity to break up handshake settlement deals has created some distrust with current staff, sources say. Meanwhile, law firm demand is also driving some exits. + +July 23, 2021 at 05:30 AM + +8 minute read + +The original version of this story was published on National Law Journal + +What You Need to Know +Recruiters and former SEC lawyers are expecting an exodus of talent from the securities watchdog. +From his days at the CFTC, new SEC chair Gensler has a reputation for pushing his lawyers. +But any outflow will likely be covered by a fresh batch of hiring at the SEC later this year. +Gary Gensler, the new U.S. Securities and Exchange Commission chairman, is pushing for tougher enforcement on a raft of investment and compliance issues. But in the process, he seems to be causing a stir among the agency’s senior attorneys. + +The SEC has seen high attorney attrition this year, according to a tally of moves from the agency, and those talking with internal SEC lawyers are expecting more attorney exits. Some former SEC lawyers say Gensler’s propensity to break up handshake settlement deals that were in process before he became chairman in April has created some distrust with current SEC staff, as well as his hard-charging approach to managing SEC lawyers. Meanwhile, law firm hiring demand appears to be driving some exits, too. + +According to data provider Firm Prospects, which tracks attorney moves including in and out of federal agencies, 16 lawyers left the SEC from January through July 21 to return to private practice. + +Only two of them—Chairman Jay Clayton, appointed by former President, and ex-SEC trading and markets deputy director Elizabeth Baird—arrived at the agency during the previous administration. Baird was hired by the watchdog in September 2018 and left last month to Steptoe & Johnson. Clayton returned to his old firm, Sullivan & Cromwell. + +One legal industry recruiter said the phone had been “ringing with associate director-level SEC attorneys in D.C., and senior officer regional director-level folks” who are looking for law firm jobs. + +The exodus has not yet reached the heights of the first year of the previous administration; by July 2017, the SEC had already lost 24 lawyers that year to private practice, according to Firm Prospects. In the same 2017 time period though, the agency also hired 20 more lawyers directly from law firms—resulting in a net decrease of four lawyers. + +So far this year, the SEC has only added another nine attorneys, according to Firm Prospects—leading to a net decrease of seven in all. + +Former SEC attorneys said they predict more defections this year based on some internal agency conflict. In particular, private practice lawyers who have recently left the SEC point to Gensler’s willingness to scuttle handshake settlement deals that agency attorneys already negotiated—more so, apparently, than previous chairs.  + +Deals made by the enforcement division with rulebreakers require sign-off from the commission. While this sign-off is no rubber stamp in most cases, the commission often takes its cues from the lawyers who have worked on the deal and division management, explain lawyers familiar with the process. + +According to lawyers who have recently worked on enforcement deals with the SEC, multiple settlements have been rejected as they’ve been presented to the commission for approval because Gensler, they say, wants more compensation from the defendants and feels the levels of the last few years have not been sufficient. + +“He wants these cases settled, but he wants the resolutions to be stronger and more significant,” one former SEC lawyer, who is now a partner at a D.C.-headquartered firm, said. + +The situation is disconcerting on two fronts, say former SEC lawyers who are now in private practice. One is that the staff is demoralized when a settlement is rejected by the commission. The other is that it “doesn’t look good,” said another ex-SEC attorney based in D.C., to go back to defense counsel and say “we thought we had authority to reach the settlement we agreed [on], but we don’t.” + +“Then SEC lawyers are probably going to have to litigate the action—assuming they can’t get defense counsel (who is now very irritated) to sign off on more severe remedies or penalties,” the lawyer continued. “Yet the SEC enforcement division probably doesn’t have the manpower to litigate, because the staff has shrunk due to attrition over the last four years. So, they’re trying to do more with less.” + +Having to renegotiate settlements is leading to a lack of trust between the commission and Gensler on one side and the SEC lawyers who negotiated those settlements in good faith on the other, the lawyer said, adding, “That brings a lot of tension, and that makes people want to leave.” + +A D.C. securities litigator said the SEC has been “pushing hard” in some of the investigations he has been handling for clients. “They’re pushing hard in areas that seem a little excessive compared to previous negotiations.” + +Yet one securities litigator who regularly negotiates with the SEC on enforcement matters says it is often the case that the commission rejects initial handshake agreements. + +“The frequency of rejection might be up at the SEC at the moment, but the commission knocking back initial settlement agreements is not a rare occurrence,” the securities litigator said. + +The SEC did not reply to a request for comment. + +Gensler’s Approach +Some of the SEC exits are no doubt driven by law firm hiring in an environment of heightened securities enforcement. + +“The potential of more cases being investigated, more charges being brought, and more cases being litigated, there is more work on the defense side,” the legal industry recruiter said. “There is a market for those folks wishing to leave the SEC, especially given the complex nature of the work and the benefits of having counsel who understands internal SEC processes.” + +But sources also point to Gensler’s no-nonsense approach to managing staff as potentially turning away some agency employees. + +According to one lawyer now in private practice but who worked with Gensler at the Commodity Futures Trading Commission (where he was President Barack Obama’s commissioner from May 2009 to January 2014), Gensler was notorious for pushing his lawyers hard when he was overseeing Dodd-Frank regulatory implementation. + +“Back then, it wasn’t the CFTC’s enforcement division that was bearing the brunt,” the ex-CFTC attorney said. “Instead, it was the regs people who were implementing Dodd-Frank [the sweeping post-financial crisis Wall Street reform act] who were under intense pressure from Gensler.” + +As a result, Gensler’s CFTC was able to come out with its Dodd-Frank regulations ahead of the SEC. But the pressure exerted on the watchdog’s staff, the former CFTC lawyer said, ultimately contributed to the regulator’s staff unionizing. + +“He’s an aggressive regulator—and people have to work,” the ex-CFTC lawyer said. “But in this current environment—when the lateral market for attorneys is so buoyant—I could see why folks would want to leave.” + +It is no surprise that Gensler’s SEC would be more focused on enforcement than Clayton, lawyers familiar with the inner workings of the SEC across multiple commissioners and administrations say. A Democratic administration’s model for enforcement often places more emphasis on more cases and more individuals; the so-called “broken windows” philosophy of policing the markets was a distinct characteristic of Obama-appointed Chairwoman Mary Jo White’s tenure at the SEC from 2013 to 2017. + +Gensler recently told investment lawyers and bankers that his agency would pursue aggressively bad financial actors “playing with working families’ savings.” The chairman is also taking a key interest in the reporting of environmental, social and governance (ESG) information by listed companies, according to reports, and this focus will likely expand the responsibility of the enforcement division. + +Gensler is potentially counting on adding more staff that will get behind his vision of a watchdog with sharper teeth. In his FY 2022 budget request, Gensler asked for nine additional positions in the enforcement division and in total wants to raise staff from its current 1,316 to 1,330. + +Adam Oliver, co-founder of Firm Prospects, said he expects to see some additional hiring by the SEC this fall. “Hiring by the agency tends to track upwards after the summer months, with 2017 being the one exception in recent years,” he said. + +In testimony in front of a House appropriations subcommittee on May 26, Gensler said enforcement in 2020 had 6% fewer staff on board than it did in 2016. + +“Other divisions are similarly stretched thin,” he told lawmakers. “As more Americans are accessing the capital markets, we need to be sure that the commission has the resources to protect them.” + +In May, he appointed seven-year SEC enforcement veteran Tejal Shah to be his enforcement counsel. Shah has deep experience investigating and litigating the range of cases the SEC brings, including broker-dealer accounting fraud and compliance failures, insider trading and market manipulation. + +The SEC saw turnover in the top slot in enforcement this year, when former Paul, Weiss, Rifkind, Wharton & Garrison partner Alex Oh resigned from the director’s position just a few days after taking the job. A couple of months later, the SEC announced the appointment of New Jersey Attorney General Gurbir Grewal as the new enforcement boss. +Who is ready for another week of hodling? 😁 +I know I am! + +Current price "115 minutes in: 174.94 US-$" + +FAQ: + +Where do you get our numbers from? +- +I trade through my bank account and just refresh the page to see the current price. I then use my conversion app ( Euro to US-$ ) and post the result. +I try to post every 5 minutes, but I am at work so I can't guarantee it 😄 + +Why are your numbers different from the ones I'm seeing online? +- +My banking app shows me the best price that I can sell for right now...it compares Frankfurt, Munich, Stuttgart, Berlin, Düsseldorf, Hamburg, Xetra and "Direkthandel" (meaning "direct exchange"). +That's why my movement may differ from your sources online. + +I don't trust those germans, look at what they did in the 20th century...can I get another source? +- +Sure, you can take a look here...just remember to convert from € to $! +https://www.ls-tc.de/de/aktie/gamestop-aktie + +Can you post the volume too? +- +I can't see the volume on my banking app but you can find it online or probably in my comments, since some friendly apes talk about it often. +But remember how low the volume is in the US pre-Market and we're talking pre US pre-market here so I think that the volume doesen't reeeeally matter this early into the trading day. + +Why are you doing this every day, what's the point of posting these numbers, since the volume is nothing compared to the one in the US? +- +I think that it's less about the numbers, it's to show that every minute of every day, there is an ape who's holding GME. +Look through the comments, there are people from all around the world just wishing each other a good morning, how awesome is that? +I think that this feeling of camaraderie is critical, it's good to know that I'm not the only one liking this stock. +I'm holding since november and I will continue to hold for my brothers and sisters. +We are not a union, we are all individuals who like the stock, but we're still family! + +Starting: 174.58 US-$ + +5 minutes in: 174.03 US-$ + +10 minutes in: 174.09 US-$ + +15 minutes in: 174.09 US-$ + +20 minutes in: 174.09 US-$ + +25 minutes in: 174.09 US-$ + +30 minutes in: 174.09 US-$ + +35 minutes in: 174.15 US-$ + +40 minutes in: 174.15 US-$ + +45 minutes in: 174.15 US-$ + +50 minutes in: 174.15 US-$ + +55 minutes in: 174.15 US-$ + +60 minutes in: 174.15 US-$ + +65 minutes in: 174.15 US-$ + +70 minutes in: 175.00 US-$ + +75 minutes in: 174.45 US-$ + +80 minutes in: 174.58 US-$ + +85 minutes in: 174.88 US-$ + +90 minutes in: 174.82 US-$ + +95 minutes in: 174.82 US-$ + +100 minutes in: 174.82 US-$ + +105 minutes in: 174.94 US-$ + +110 minutes in: 174.94 US-$ + +115 minutes in: 174.94 US-$ + +The US pre-market is about to open so that's it for the day 🇺🇸 +I wish you all a great start into this week! +Let's give 'em hell 👋 +I created a new account for this post. + +My father (who I had not spoken to in over 20 years, I am his only child) passed away and left me an inheritance. I am in my early 40’s, married with 3 young children. We have no debt besides our mortgage and have always been pretty conservative with our finances. We have no investing experience. My wife makes about $50,000 a year plus healthcare in a very stable job, my job is mostly commission and is very volatile and make around $100,000 a year. I’ve only had this job for about 2 years, prior to this I was earning much closer to what my wife is. We live in NY. + +He left a trust that will be 20% of his estate, I’m told it will be around 1 million. The way that it is structured is that I can never access the principal, unless it is medically necessary. The money will be invested by the trustees and the interest will be distributed to me. In the event of my death, the money will be released and divided amongst my wife and kids. I retained a lawyer and am trying to renounce my inheritance and have the trust set up for my children that my wife and I would be the trustees. I figured this would be the more beneficial option over someone else handling the investing and just collecting the interest, this way the kids will be able to access it and pay for their education and get a head start in life. + +After we retained the lawyer and started the process of switching who the inheritance would go to I was informed that he also had an IRA that had no beneficiary named and that would go to me. Due to his age when he passed I will have to take a minimum out every year (RMD). I took control of that account a few months ago and kept it with the advisor because of my inexperience and thought I would see how it goes. The account started with just over 1 million and has fluctuated quite a bit through what’s going on in the market but is pretty much at it’s starting point. + +I never thought I would have this type of money and although it’s a huge relief it’s also a bit intimidating not to mess things up. My initial thinking was to just leave everything alone and continue with our normal lives because I’ve never really been a risk taker. I haven’t told anyone except my immediate family and don’t really plan to. I’ve read some great posts and comments in this sub for awhile and just thought I’d put this out there and get some unbiased opinions. Thank you for reading. +Yesterday's popular askreddit post: https://old.reddit.com/r/AskReddit/comments/fa00m2/if_you_could_pick_between_100000_tomorrow_or/?sort=new + +So many people seem to think they can average better than 26% increases over the next 10 years. Either people don't under the math or are widely over estimating how well you can realistically do in the stock market game. + +How do you not take the guaranteed 26% APR over 10 years?? +Just downloaded Player FM app on my phone. Any specific podcasts that you guys can recommend? + +I'm in Fixed Income, so anything within this specific field would be awesome as well. +So I’ve read a lot on here and elsewhere about options sellers losing out to b&h over time in raw gains. I recognize the current market is great for holding, so I’m looking for a more universal comparison. Set aside the bull market of today, set aside wsb mania, etc. Boring old wheel vs boring old buy and hold: which is a better use of the capital generally? Which is better for income or growth? And if the wheel doesn’t compete, is there a thetagang strat that does? +>Numerology is the pseudoscientific belief in a divine or mystical relationship between a number and one or more coinciding events. It is also the study of the numerical value of the letters in words, names, and ideas. It is often associated with the paranormal, alongside astrology and similar to divinatory arts. + +https://en.wikipedia.org/wiki/Numerology + +--- + +My dearest apes, + +~~This is going to be a short post~~. I'm pretty sure I'm going to get downvoted to hell, but I don't care. If that happens I'll just keep quiet for a while. I want to finally speak up about this because this meme has been going on for too long and it's starting to hurt the credibility of this sub because too many people take this shit way too serious. I want to make you all aware of the 741 numerology problem we have been cultivating here. + +#741 doesn't mean shit +We have yet to find a reasonable explanation that doesn't require 741 to be read backwards, converted to military time, read backwards again, subtracted 4 from 7, add 1, count the number of days since January 28 or whatever, converted to poop emojis and then converted to a vague US penal code or some shit. It's ridiculous. Let's end it. Ryan Cohen didn't communicate a secret clue by coincidentally tweeting twice at 7:41 on the shitter. + +Let's be honest, we have some of the best DD here. This sub has been a powerful, unique, crowdsourced effort in uncovering massive fraud in the financial markets that was previously unknown to retail investors. Institutions, regulators, the media are all scared of the knowledge we've been building and opensourcing here. No other public forum for retail investors has such a deep understanding of the manipulation that is happening in our financial markets. We're also invested in a company that's transforming, doing new things, attracting the most talented people in the industry. GameStop is solid and is going to do great innovative things. + +We don't need any of this 741 stuff. There is absolutely nothing of substance here. There hasn't ever been a credible explanation for it whatsoever, let's face it. + +[WATCH THIS VIDEO](https://youtu.be/wxC5by-Vvko) + +Now to prove my point, please watch this video and tell me if you want this community to look like this. The people in the video seem to be obsessed with a similar number, did you hear what it is? I don't know where the coincidence in this is but I'm smarter than that, and I'm pretty sure most of you are too. + +People here have been so afraid of shills infiltrating the community. But honestly, if I was a shill I wouldn't even try to infiltrate the community itself. Too hard, too much effort, too much risk of being discovered. But I would try to isolate the community by making that community look like fringe nutjob conspiracy theorists to the rest of the world. I think that's what they've been trying to do and it seems to be working. A large part of reddit thinks we're fucking loons and in my opinion it's largely because this 741 talk is taking attention away from the real substance. + +Stop trying to solve vague "clues" or hints from tweets. Please. + +Let's keep this community honest, empirical and fact-based, please. I don't like how we have been blurring the lines between actual DD, memes, "fun" and straight up retarded numerology. I just like the stock. Sorry to be a party-pooper, I'm just a serious fucking person, ok? + +💎👐🚀 +A few people have asked me recently about my previous post sharing my backtest results, which ended up getting some attention: https://old.reddit.com/r/algotrading/comments/w4lms0/the_results_of_my_backtest_buying_and_shorting/ + +These results reflected the backtest from around Jan 2021 through July 2022. I don't think it performed as well before then, but there was not significant drawdown, just flat. + +So I'll try to spell this out in text. Basically the idea is a sort of slow ETF arbitrage (I think) where I calculated the difference between the %change in the average price of all S&P 500 tickers at the previous close and the current day's open, vs. the %change in the price of SPY at the previous close and the current open. + +So for example the average price of all S&P tickers was $500 at close yesterday and just opened at $490, so down 2% And SPY is down 1.8%. The S&P on average is down 0.2% more than SPY (let's say D = –0.2. D can be positive or negative). What does this mean? Is SPY overbought? Are those other companies oversold? + +I don't know. But I did find that a potential signal may be whether this overnight difference D grows by a certain factor in the first two minutes of trading. So at 9:32am, re-run the calculation described in the previous paragraph, except sub the day opening prices for the current 9:32am opening prices. Call this D2. + +So the first parameter is the time (9:32). The other parameters are X and Y. Here's the logic. + +if D>0: + if D2 > D*X, buy SPY + else, short SPY +if D<0: + if D2 < D*Y, short SPY + else, buy SPY + +X and Y act similarly but can be optimized depending on if the market is down or up overnight. I think the best fits I found for these were 7 and 4, respectively. + +This logic is looking for a continuation of the overnight difference in the the SPY ETF vs. the instruments that underlie it by checking whether this difference grows early in the day. If it does grow, we think it will keep growing. If not, we think it will shrink. + +Sell or cover your position at close. Include stop losses and take profits somewhere in the range of 1.5-3% depending on your risk tolerance. + +There are a couple other filters that I used to sometimes not trade at all, but they may be overfit. One was that I didn't take a trade if SPY moved by less than like 0.01% overnight in either direction. + +So here's the "catch". I realized that it is not actually mathematically accurate to average the prices of all S&P 500 tickers before calculating the %change, because then the tickers with larger prices will dictate the result more than those with smaller prices. Instead the correct thing to do would be to calculate the weighted average of all individual % changes of each of the 500 tickers, weighted by market cap, I suppose. I tried this once, and it didn't work as well (hah...). So, yea, I'm not sure. I guess the thesis isn't as strong then, but market cap is also correlated with price, and maybe price is a better approximation of ETF contribution for some reason. + +I'm sharing all this because I'm curious if this actually works. I ran it live for a couple weeks and it did well and matched the backtest for those days, but I lost taste for the risk after I found my new strategy. + +If anyone wants to implement this lmk. +I came across [this critique](https://papers.ssrn.com/sol3/papers.cfm?abstract_id=1999105) which points out that searching for new sources of natural resources (oil, minerals) is a huge cost to those companies. So despite the praise heaped on Henry George and the land value tax, they say there is in fact significant distortion involved. + +Does anyone here know of any other serious critiques of Henry George? Or land value tax in general? +This is a continuation from my r/Australia_ post [Chinese state media condemns reporting of mass purchases of baby milk on its navy visit, saying nothing else in Australia was worth buying](https://np.reddit.com/r/Australia_/comments/byt8nl/chinese_state_media_condemns_reporting_of_mass/). Since [the news article](https://www.theaustralian.com.au/nation/chinas-state-media-hits-back-at-medias-baby-milk-hysteria/news-story/f477895903f3a33b494fbf5acfd1f9ae) is behind a paywall, here's the text: + +>**China’s state media hits back at media’s baby milk ‘hysteria’** +> +>Chinese state media has dismissed “exaggerated” media reporting over its warship personnel bulk buying Australian baby formula before leaving Sydney, defending the purchase as legitimate and normal. +> +>According to a report on Sunday night in the Global Times, a state-run nationalistic tabloid, more than 50 tins of infant milk powder were bought on-board by “some sailors in need”, citing an anonymous source, and it accused Australian media of “hyping” and “over-analysis” designed to mislead public, “similar to the hype over the China threat theory”, suggested by another source. +> +>The response came after an exclusive picture taken by The Weekend Australian ­showed People’s Liberation Army personnel loading dozens of boxes full of A2 platinum and Aptamil formula onto three Chinese warships on the eve of their departure for China. +> +>The incident has caught growing domestic and international media attention following the ships approved-but-controversial arrival on the eve of the 30th anniversary of the Tiananmen Square massacre. +> +>The Global Times article, published in English and in a longer Chinese version via its official social media WeChat account, noted it was not the first time that Australian media “overreacted” to Chinese sailors buying baby food, referring to another media report in 2016. +> +>The Chinese version ridiculed the story in its headline “Why hype it? When Chinese navy visit Australia, what else is worth buying besides this little bit of milk powder?” +> +>It insisted that all purchases made by Chinese warship personnel “strictly abided” by relevant laws, including “local purchase limits”, and the purchase was “for non-commercial purposes” and required inspection. +> +>A former Chinese navy staffer told the paper that given the short duration of the visit, personnel were only able to buy products with an excellent reputation, and “it’s more for baby formula in Australia”; another said that for crews who had been away from families for a long time, it was “natural” to buy local specialties as gifts. +> +>In the picture taken by The Weekend Australian, Chinese army officers were seen with boxes of “instant white” facial masks; Australian cosmetics are one of the most popular products for Chinese consumers. +> +>The reports have stirred discussion among Chinese Australians, with many complaining about Australian media for making a fuss about the visiting ships, while others recalled a lethal baby formula scandal in China in 2008, when six babies died from kidney damage and an estimated 54,000 babies were hospitalised. +> +>The national tragedy was widely seen as sparking a trend of middle-class Chinese parents turning to imported infant milk products due to its safer, cleaner and better quality, particularly products from Australia and New Zealand. + +When one thinks about this in terms of [Supply and demand](https://en.wikipedia.org/wiki/Supply_and_demand), it is obvious that **there is demand** for high-quality [baby milk formula](https://en.wikipedia.org/wiki/Infant_formula) in China, and that Chinese people (or at least the middle and upper classes) **are willing to pay a premium** price for high-quality baby milk formula baby milk formula brought over from Australia by any means possible. + +* So why doesn't any entrepreneur in China make high-quality baby milk formula and sell it for a premium price? There's obviously a market there, and it might be cheaper than getting Chinese nationals to travel to Australia and fill their luggage with milk formula for the trip back home. +* Meanwhile, Australian baby milk formula producers are laughing all the way to the bank. They can just exploit this phenomenon and crank up production, for as long as there is no high-quality baby milk formula being made in China. + +This also has a personal connection to me. My aunt rents out one of the rooms of her house, and she can always find someone to rent it out to, because there are so many Chinese nationals travelling to Australia to buy milk powder. They are willing to live in suburbia because supermarkets in the inner city often run out of baby milk formula because the demand from Chinese shoppers is so high. +So I had a stop order at 316, when GDAX went down (for whatever reason) all my ether was sold at the highest (at the time) price available. When I logged in I saw a small USD amount, I though it was a hiccup. Checked the fills and indeed it was sold at 10 cents. There is no way this will be reversed right? If that's the case I believe I will be leaving the crypto market at least until it stabilizes. + +Just lost 3k in the blink of an eye. + +Edit : As I stated on one of my comments, it was not my intention to blame GDAX. I understand this was all my fault and had already made my peace with it. That being said, it was a nice surprise Coinbase decided to refund customers. +I'm delving into cooking and eating at various Michelin restaurants locally this year and probably the next as a focus point (can be enticed to travel to go within the US this year too w/ the right inspiration). + +What's your best fatFIRE experience/story when it comes to food (both cooking as well as restaurants) locally and internationally? +Before anyone says it ... Don't trade what you can't afford to lose, and only do this for the tech. + +Now, lets get to the real world. As someone who is disabled and have extremely limited ways to have a normal life. I'm using this to help at least get me there. I'm wondering how many others here are like me. Where you're in some level of poverty and you're trying to use this to get you out of it + +How close are you to being out of poverty directly do to this? How many is deeper into poverty directly due to this? +I’m referring to net income generated per unit. It seems that smaller 1-4 unit properties have lower barriers to entry compared to larger properties, mainly that funding is easier to get. Does this make sense? Has anyone else noticed this? +Please use this thread to discuss various methods of filing taxes. This can include: + +* Tax Software Recommendations (give detail as to *why!*) +* Tax Software Experiences +* Other Tax Filing Tools +* Experiences with Filing Manually +* Past Experiences using CPAs or other professionals +* Tax Filing Tips, Tricks, and Helpful Hints + +If you have any specific questions, or need personalized help with taxes that don't belong here, feel free to [start a new discussion](http://old.reddit.com/r/personalfinance/submit?selftext=true). + +Please note that affiliate links and other types of offers are [not allowed](http://www.reddit.com/r/personalfinance/wiki/rules). If you have any questions, please [contact the moderation team](http://www.reddit.com/message/compose?to=%2Fr%2Fpersonalfinance). + Perfect opportunity to get into ($100x) at this 25 million dollar market cap. Accumulation cycle nearly complete. The team has been consistently delivering and the roadmap is almost as juicy as the LP. + +&#x200B; + +**\*\*Previous Wins** 🎯 **\*\*** + +&#x200B; + +\- CMC, CoinGecko, and Blockfolio Tracking + +\-BKEX & Probit Listings + +\-NFL and MMA Partnerships + +&#x200B; + +**\*\*Why should I care**? 🤔 \*\* + +&#x200B; + +Last night on livestream CEO Ken The Crypto announced that the team is building an NFT staking system for celebrity and sports NFT's on the Binance Smart Chain.  [https://www.100xcoin.io/nfts](https://www.100xcoin.io/nfts%5D(https://www.100xcoin.io/nfts)) + +&#x200B; + +\_\*\***Even if you don't believe NFTs hold value, here's what's important.**\*\*\_ + +&#x200B; + +If more 100x holders stake to earn rare NFTs, the circulating supply in the free market decreases. It's like a whale locking their funds away for a set period of time to earn the NFT. Holders get rewarded and the MCAP increases as more sell orders translate instead into staking orders. If there is 30% adoption of the system from the user base, this has the potential to run fast. 🏎️ 🏎️ + +In my personal opinion, the timing with the Binance NFT marketplace gives this potential to really skyrocket in the next phase of the alt-season. + +&#x200B; + +**\*\*Wen Rug?\*\*** + +&#x200B; + +If you are new to the project you should know that it is led by influencer Ken the Crypto who shares plans almost daily on his live stream. Very active community in the TG. And tugging would ruin his industry credibility forever. + +&#x200B; + +\*\***Wen Moon**?\*\* + +&#x200B; + +🥊Along with the announcements of the platform last night. Ken announced that the team will sponsor two boxers for the upcoming Canelo Vs Saunders fight. This will put ($100x) on two boxers shorts in the ring during the fight. Fight details below + +[https://www.dazn.com/en-US/news/boxing/canelo-alvarezs-next-fight-date-time-price-odds-full-card-for-canelo-vs-billy-joe-saunders/1fx0t3ew571fg1quk7gt4ykx4f](https://www.dazn.com/en-US/news/boxing/canelo-alvarezs-next-fight-date-time-price-odds-full-card-for-canelo-vs-billy-joe-saunders/1fx0t3ew571fg1quk7gt4ykx4f) + +Does this translate to new holders? Maybe. It will for certain translate to more real world partnerships which is where this coin is excelling 🌎 + +The run-up to this fight could send the coin parabolic. + +&#x200B; + +\*\***What are the basics**?\*\* 🔥 🔥 + +&#x200B; + +This is a deflationary coin with a limited supply. 7% tax + +💎 3.5% Goes to autoburn so the value of your tokens increase overtime + +💎 2% Fee is added back into liquidity. + +💎 1.5% Goes to marketing + +💎 Current Supply: 934,556,429,157,020 + +As Ken has said many times on his lives, the current settings of the coin are 5.5% LP and 1.5% marketing to grow the LP pool to support larger buys. This will change when the LP pool can support 100K+ buys. + +&#x200B; + +**\*\*Where can you buy?\*\*** + +**/////i will post all links In the comments//////** + +&#x200B; + +\*\***Where can you learn more**?\*\* + +I find the telegram to be most helpful. Buy links are on the website. Never trust a buy link in CMS. Pancake V1 is the best way to purchase. + +💬 Telegram:  [https://t.me/joinchat/EPtNroiLZ501ZTYx](https://t.me/joinchat/EPtNroiLZ501ZTYx%5D(https://t.me/joinchat/EPtNroiLZ501ZTYx)) + +🌐 Website: [https://www.100xcoin.io](https://www.100xcoin.io/%5D(https://www.100xcoin.io/)) + +🐦 Twitter:  [https://twitter.com/100XCoin](https://twitter.com/100XCoin%5D(https://twitter.com/100XCoin)_) + +👁 TikTok:  [https://www.tiktok.com/@100xcoincummunity?lang=en](https://www.tiktok.com/@100xcoincummunity?lang=en](https://www.tiktok.com/@100xcoincummunity?lang=en)) + +\*\*Any other catalysts? **TLDR**?\*\* + +Ken has also mentioned a mobile app that the team is building called alt-base. There is only speculation of the functionality at this time, but one can imagine it has something to do with buying alt-coins and lowmcaps on mobile. If the team pulls it off before the summer, this could run hard. + +Ape in? I have. +>Just as the daily stock price is no indication of the quality of a business, the quarterly profitability of a company like Chewy has no bearing on the terminal value. We consistently chose to defer profitability in the short term in order to maximize shareholder value over the long term. + +This 🪑 gives me such a jacking. + +[Full article by the man himself here.](https://www.cnbc.com/2019/07/26/opinion-chewy-is-no-petscom.html) +Hey, + +I have been researching a few countries around Europe which to relocate to with my wife - with the intention of starting a family/living and basing our business out from. + +We recently started a small online business and it seems to be expanding rapidly so I can predict that in the next 5 years it might be earning 100k annually (fingers crossed). The income is mostly generated from outside of the EU but many of the payments are received from within it also. + +Which made me realize that there is no way I want to be living in Spain (as that is where we are currently residing) where we will be forced to pay an absurd 47%. + +The top candidates we are considering: + +Georgia - Perfect but a bit far from anywhere also kids won't be thrilled with a Gerogian passport + +Bulgaria - probably a Beurocratic nightmare + +Montenegro - Might be one of the best options + +Poland - Bit cold and not as cheap as the options above + +Portugal - probably the most expensive option but its Portugal (cheap for the first 10 years) + +Andorra - not sure, I might need 400k to invest? + +Malta - great but I want more trees green and lively nature hikes :/ + +Latvia - just because I'm Latvian - middle of the road taxes + +Romania - might be a beurocratic nightmare OR might be ok if I bribe the right people + +Anyone recently set up a small personal business in one of these places and become a resident? + +Do you recommend any of these options? + +What did you end up paying? + +Regards +I understand that trading calls for basic knowledge of supply and demand, but i'm in a desperate need for a technical indicator to confirm trends with or to spot false breakouts. + +Can you share an indicator that has helped you in this regard? +My situation at home is difficult. My parents (mom and stepdad) arent the greatest and have taken money from me before from my checking account. I am eighteen and work but not enough to move out yet. I would like to set up a checking account at a different bank that they do not know about so they cant take money from me. + +Is there a way to do this without them knowing about it? Am I allowed to have checking accounts at two different banks? If so, what is the best bank to set one up at? Thank you + +IMPORTANT EDIT*** Someone mentioned that if I am still claimed as a dependant my tax return will get sent to them. Is this true even if I move out before next tax season? Like If my new address is on my tax form and im still claimed as a dependant will they get my tax return sent to them? +Hey Guys. + +I'm a daytrader as a hobby (I am a HODLer of GME though) and I wanted to point out something interesting I noticed. + +An indicator I use is called Market Cipher that has given me great success in trading and identifying price trends. + +Without getting too technical for non-traders, I saw a strong buy signal flash for GME last week. This is interesting because it’s on a higher time frame chart - daily chart makes it more significant. + +These are the green dots at the bottom of the complicated looking squiggly thing (follow the pink arrows to see) + +https://preview.redd.it/87k54oci23f71.png?width=2328&format=png&auto=webp&s=fdc2dbcbd8377865959b22d3f6e75bf6f2756a86 + +The last time this buy indicator flashed was March 2, 2020. The price was $3.85. + +Since then GME has rallied \~4500% to our current price in a little under a year and a half. + +Notice how there have been some sizeable dumps in price along the way too.The last time the green buy signal flashed on the daily, price ended up having a big dump, only to mini-moon, and then never ever reach that price again. + +So maybe price now goes to $100, hoping to freak retail out, but there's a HUGE amount of buyers around there and it shoots up and begins the next parabolic uptrend. I think this may happen very soon. + +45X from here in a year and a half, with no squeeze, and better fundamentals puts us at $7K if history repeats. Not saying it will, but also not saying it won't. For more info how, Elliot Wave guy's posts can show you. Also shoutout to Rocky Outcrop and Tradespotting on youtube. + +**How long are you prepared to hold if you have to? The answer is as long as it takes. This is a patience game.** + +I also want to show you this other chart. + +https://preview.redd.it/zocv7m4k23f71.png?width=1916&format=png&auto=webp&s=989e7aff56566b3d9d4b9cfadfa32758ce97d587 + +This chart is another indicator, and all you have to know is the yellow X's represent possible price manipulation. There are so many of them geez. These charts are in Log Scale by the way. + +Zoomed in to 1Hr time frame: + +https://preview.redd.it/j8gburln23f71.png?width=1934&format=png&auto=webp&s=aab80a9213f4a07bcc53e4cbf96e115cb3f2bb96 + +Interestingly, TESLA also had tons of yellow X indicators before its slow-squeeze too. Movie stock as well. If we want to compare it to a regular stock, look at Microsoft's yellow Xs: + +&#x200B; + +https://preview.redd.it/7g8dmw1p23f71.png?width=1926&format=png&auto=webp&s=59bb1bd9aecaf7422cb6a42a18c965d5fe3e1cd0 + +LOL. Like 2 since 2012. + +HODL. + +EDIT: + +It's from Market Cipher A indicator. It's usually used for crypto, but I applied it to GME and voila. + +Copypasta: + +The Yellow X is a bearish indicator and is intended to indicate high volume long covering that is rapidly bought up and sold short. This market condition also presents a possible opportunity for whale traders to exaggerate the condition by manipulating the rate of buyback indicating a possible bottom or reversal to breakout traders. This in turn supplies local liquidity then the whales reverse position forcing the market lower. The Yellow X is most reliable on 1 hour and above time periods. + +EDIT 2: I saw an interesting post on Trading View that showed green dot buy signals on high time frames for Bitkorn. The last time it showed a green dot was when Bitkorn was $3000. (It also recently flashed again for $9k and $31k). Makes you wonder what’s coming up for GME. + +EDIT 3: Tesla Chart as requested. + +https://preview.redd.it/lvzlikm183f71.png?width=1930&format=png&auto=webp&s=d68c8789623710e1754884cb6c53ed225efdc832 + +FINAL EDIT: + +Just wanted to clear a few things up for some people here. Technical analysis works. Just because it doesn't tell you the future, doesn't make it BS. It's not supposed to tell you the future and doesn't claim to, but lay out the possibilities, and narrow it down into the higher probabilities. + +TA is not a crystal ball. It's more of a 'peek around the corner' that gives you an edge, or a slight advantage, more than guessing randomly. In trading, that is more than enough to win in the long run. + +More importantly, the common question is does TA work on a manipulated stock? + +Here is my take: + +Firstly, pretty much all stocks are manipulated. Don't think anyone is surprised there. Some stocks more than others, but fundamentally TA and any price action in general is a reflection of human psychology, a map of how people tend to sell low and buy high. When stocks go up, you get excited and pile in cuz you think it will go higher (greed). When it goes low, you sell or at maybe question yourself, or need extra confirmation bias to make you feel at ease (fear). + +GME is interesting because apes are HODLers even if the price dips, HOWEVER, even if apes own the float, don't forget there is Smart Money - institutional money that plays the game in this way with TA too. They have levels that they are looking to buy at as well. We are not the only ones watching this everyday. + +So let's say GME does go down $100 (not saying it's probable, but anything is possible), do you know how many funds that are bullish on GME long term are going to take the opportunity to buy the crap out of it there? If it even gets there? A lot! + +So be excited as the price dips. This is the time that retail could accumulate MORE and own the float many, many more times over. + +When price starts hitting $350 again, most people will be STOKED. Well I'm saying (in my opinion, not financial advice) KEEP THAT SAME ENERGY NOW. Future you will thank you now. + +And thanks for the nice words everyone. Yellow X guy. Nice ring to it. + +&#x200B; +Lately, there has been growing chatter around whether the current rally that we are experiencing over the past one and half years is mainly driven by speculation and if we are in one of the largest investment bubbles ever. + +>Why the Stock Market is in a bubble? - [Business Insider](https://www.businessinsider.com/stock-market-bubble-when-will-it-pop-powell-fed-stifel-2021-11)Investors are overestimating earnings growth far more than they did during the dot-com bubble - [Bank of America](https://www.businessinsider.com/stock-market-crash-bank-of-america-warning-sign-shows-drop-2021-11) + +Even professional investors whom I consider level-headed and not indulging in sensationalization are calling the current rally unsustainable. + +>This Will Not Last - [Nick Maggiulli](https://ofdollarsanddata.com/this-will-not-last/) + +Adding to all of this, we can see that the [Shiller PE Ratio is now climbing close to the 2000 dot-com bubble level.](https://preview.redd.it/095t1dtniq281.png?width=899&format=png&auto=webp&s=7db181ad101f44183162eae205bcdb5fb857e01f) + +While it’s easy to say that it’s all a bubble and we should be liquidating all our investments based on the current trend, I feel that we might be missing the other side of the story. The 2020s are wildly different times compared to the 2000s and we should not be looking at both scenarios through the same lens. There is an immense difference in the available capital, interest rates, and ability of the retail crowd to invest in stocks now compared to 20 years back \[1\]. + +So what I wanted to analyze is: **Should we really be worried about the current trends or is this the ‘new normal’ given the drastically different situation we find ourselves in?** Finally, this would give us an insight into how to manage our current portfolio and future investments! \[2\] + +**The Warning Signs** + +Let’s first look at the dive into the various concerning trends that we are observing in the current market. (Spoiler alert — there are a lot of them!) + +**PE /Shiller PE (CAPE)** + +The price to earnings ratio has been historically used to understand if the market/company is overvalued when compared to historical trends. Shiller PE is adjusted for the cyclical nature of earnings when compared to normal PE. + +The current concern is that as of Nov’21, the Shiller PE for the S&P 500 crossed 40, which is **the highest reading in the last two decades**. The last time the Shiller PE crossed 40 was during the 2000 dot com bubble (The value reached only a max of 27 before the 2007 financial crisis). + +The red flag here is that those who invested when the CAPE was above 40 last time (1999-’00) had to wait another 7 years to break even for a brief period of time (just before the 2007 housing market crash) and then wait another 5 more years before the market consistently settled above their buy-in price. + +**Money Supply Growth (Aka ‘Money printer go brrr’)** + +[1/5th of all U.S Currency in circulation was printed in 2020.](https://preview.redd.it/fzax1ecriq281.png?width=600&format=png&auto=webp&s=b59bc4f2bfde765ffab5deb3376ddae53b5fe4c3) While it might be argued that there are structural reasons why this was required, there is no denying that only a small portion went into the actual paychecks that people received and a vast majority was used for keeping companies afloat. One can argue that even the stimulus has been increasingly trapped within the financial markets and fueled speculation. + +**Increasing use of leverage** + +There are two ways of using leverage while investing. The first method is borrowing money to invest in the markets and the other is using options. Both of these have seen a dramatic rise in the past 2 years. + +[This survey conducted by Magnifymoney](https://www.magnifymoney.com/blog/news/debt-to-invest-survey/) for almost 1,000 investors shows staggering results. 80% of Gen Z and 60% of Millennial investors have borrowed money to invest in the market. More than 50% of the surveyed population borrowed more than $5k or more for investing. While leverage works great in a bull market, it can destroy your portfolio during downturns. \[3\] + +[Research by Goldman Sachs](https://preview.redd.it/kkx1cfjtiq281.png?width=854&format=png&auto=webp&s=b8af5f2398c5273fc770ba1f6a265ad3ffcf1a7b) shows an even more concerning trend. Retail brokers alone are now trading more options than ***the entire market used to do in 2019***. While this can be attributed to the democratization of complicated investment instruments by platforms such as Robinhood, Fidelity, E-Trade, etc., it’s highly unlikely that all the retail traders who are using options completely understand the instrument and the inherent risks while using it. + +**Rise of new issues and speculative assets** + +More than $600 Billion have been raised by IPO’s this year. This is the highest number of deals in the last decade or so and has even left the 2007 record in the dust. The cherry on top was [the Rivian IPO](https://marketsentiment.substack.com/p/rivian-ipo) where the company is now valued at more than $100 Billion with zero revenue and less than $50 Million in pre-order deposits. + +SPACs \[4\] also witnessed incredible growth with the number of SPACs jumping from a mere 59 in 2019 to 248 in 2020 and then a massive 559 in 2021 (As of Nov ’21). The staggering rise in IPOs and SPACs showcases the availability of cheap capital and investors’ desire to hold assets. This is very similar to the dot-com bubble where there was a [large spike in IPO’s just before the crash.](https://www.statista.com/statistics/270290/number-of-ipos-in-the-us-since-1999/) + +This is without even getting into the speculative world of Crypto where [NFTs are being sold](https://www.cnet.com/news/this-cryptopunk-nft-just-sold-for-530-million-kind-of/#:~:text=CryptoPunk%20%239998%2C%20part%20of%20a,for%20%24530%20million%20on%20Thursday.&text=It's%20the%20most%20expensive%20NFT,ethereum%20%2D%2D%20about%20%24532%20million.) for more than half a billion dollars, a coin that started as a literal joke has a market cap of $27 Billion and there are now more ICOs than anyone can keep track of! + +**Investor expectations** + +More than the P/E ratio, **i**[nvestor expectations seem to be the highest in recent history.](https://preview.redd.it/qnfuyiqwiq281.png?width=1125&format=png&auto=webp&s=fb279b8dae3bd9803be4b8f7bf26c1984f7a87b8) The price-to-sales ratio shows how much the market values every dollar of the company's sales. As we can see on the chart below, more than double the companies are trading above 10x their sales when compared to the 2000 dot com bubble. + +If you consider a [four-year time period](https://ofdollarsanddata.com/this-will-not-last/), stocks that had a very high P/S ratio have underperformed those having low P/S ratio since most companies don’t grow as per expectations. + +Now that’s a lot of bad news for anyone to digest! But, + +**Are we certain it’s a bubble?** + +There are multiple factors that can be attributed to the current rally. Just because we are in an impressive rally, it does not mean the only eventual outcome is a bubble and subsequent crash. Let’s look at the key factors that are driving up the stock prices over the last few years. + +**Low-interest rates** + +This is one of the key aspects that many miss while comparing the current rally to the 2000s dot-com bubble. Between 1997 and 2000, the fed rate varied from 5 - 6% compared to the [historically low 0.25% that we have now](https://preview.redd.it/x1408niziq281.png?width=700&format=png&auto=webp&s=ee123520c9b2ea0d2f9b10b59d6b2fd181fac446). This means that the capital available now is much cheaper (to prop up the economy after Covid) than it ever was. This is bound to have a positive impact on the stock market with investors moving their money from bonds and other lower returning funds to the stock market in search of better returns. + +**New Investors** + +It’s no secret that we all hate Robinhood. [But the data they put out during their IPO filing](https://preview.redd.it/lpojhko0jq281.png?width=935&format=png&auto=webp&s=1ede81940da2355edc282ba1feca54bad415c4b0) shows that there has been a staggering growth in new investors/traders coming to the market. All of these new investors would bring fresh capital into the market triggering another bull run which we are experiencing now. + +**401(k) and Index funds** + +As I have highlighted in [one of my previous article](https://www.reddit.com/r/wallstreetbets/comments/piyri4/the_index_fund_bubble_should_you_be_worried/)s, the amount of inflow US index funds receive is massive (more than $50 Billion fund inflow is expected to occur to just the Vanguard 500 index fund this year) and index funds are expected to make up [more than 50% of the fund market](https://www.theatlantic.com/ideas/archive/2021/04/the-autopilot-economy/618497/). According to [this report](https://www.cnbc.com/2021/08/19/401k-balances-hit-a-new-all-time-high-fidelity-says-.html) from Fidelity, the average 401(k) account now has a balance of $129K and 12% of workers increased their contribution. + +The key point being: all this new capital that is being allocated into the index funds is expected to cause a rise in the overall valuation of the stock market \[5\]. + +**What’s the implication?** + +As long as the above factors remain as is (Fed maintaining its rate and a steady supply of fresh capital) we might see the party go on much longer than expected. + +**Conclusion** + +The market of 2021 is significantly different when compared to the 2000s. As we can see there are more investors, cheaper capital, and even more passive funds that are flowing into the market than ever before. So I feel that looking at the current market and comparing it directly to the dot-com bubble is a tad wrong. + +But, that’s not to say that all is well. Almost all the fundamental indicators are flashing red and even the experts are predicting a significant drawdown in the near future. + +The expected annual return by investors [above inflation is a whopping 17.5%](https://preview.redd.it/b4vspq13jq281.png?width=928&format=png&auto=webp&s=aa81e2478da9eb80ba1b001e0a2c6b29d9313b97)(which is 161% more than what is realistic) — This is a testament to the euphoria we are seeing in the market now where a yearly double-digit return is the norm. + +Even if we are in a dot-com bubble-like scenario, [this thread from Corry Wang](https://twitter.com/corry_wang/status/1345192541545766915) perfectly summarizes the issues with making money calling a bubble in the middle of the bubble. + +Basically, even though everyone knew it was a bubble back in 2000 (Investment firms did entire conferences comparing the internet companies to Tulip mania as early as ‘98), **making money using that information was hard!** There were a few investors such as Mark Cuban and John Templeton who successfully shorted the stocks at the peak of the bubble and made a killing when the market crashed, but there were many others who lost their entire investment shorting an overvalued market which went on for longer than anyone could have expected. + +It makes perfect sense to be apprehensive about investing in the current market. But, pundits have been calling a [crash from as far back as 2017](https://fortune.com/2017/08/10/stock-market-crash-today-down-bubble-2017/). Right now based on fundamentals, the chances do look far higher. It does make sense to not make significant one-time investments in the market now. But, changing your portfolio significantly based on recent trends might not be the best long-term strategy! + +As Peter Lynch quoted, + +>Far more money has been lost by investors preparing for corrections, or trying to anticipate corrections, than has been lost in corrections themselves + +Until next week… + +**Footnotes and Existing Research** + +\[1\] The amount of commission charged per trade before the rise of the zero-commission trading model was staggering. In the 1980s average commission per trade was $45. + +\[2\] As always, I am not a Financial Advisor. This is not investment advice. Please do your own research before investing. + +\[3\] Leverage only makes sense as long as the equity you are investing into would give better returns than the cost of capital at which you borrowed. Otherwise, your losses are magnified as you have to pay the interest for the borrowed money as well as take your losses on the underlying asset. + +\[4\] For those who don’t know, a [special purpose acquisition company (SPAC)](https://email.mg1.substack.com/c/eJxdUEGOwyAMfE05ogABkgOHvew3IgJuihpIBE6j_H7d9rbIYLAGe2aCR1i2ejmEhmzfGk547eAKnG0FRKjsaFCnFB2LrrMy2JmlNt0rQPZpdWw_5jUFj2krb5SyojOCPZwJMoo4Cun16Me7hiDuYMMsNS26fYf5IyYoARy8oF5bAba6B-LeburnJn8pzvPkqbyI3rZDTJ6HLVOZmOVG-bN3H7hvO0tOdlIIobpu7K1SXHIDQUejej9bqXsV-TBUa1aVb32XF8HbMTf04fluy6rLvj4BGxRMmQ6-phcQcnlr_UBI7kQ5HyXhNUHx8wrRYT2A4dfEjy_TAgUqmRsnj04YNUijje57M3yFk1X06IXVghGHuNGv8n_8H82YjVI) is a company that has no commercial operations and is formed strictly to raise capital through an initial public offering (IPO) for the purpose of acquiring or merging with an existing company. It’s generally considered riskier to invest in a SPAC as it has lower reporting/regulatory requirements when compared to traditional IPOs + +\[5\] And no, this is not going to cause an [index fund bubble](https://www.reddit.com/r/wallstreetbets/comments/piyri4/the_index_fund_bubble_should_you_be_worried/). +Question. Naturally when we as a person or our family spends money, it’s gone. It’s usually a negative thing to spend on our small scale. + + +However when the government chooses to build something, in this case hypothetically the wall (US southern border) it’s not like that money disappears right? We end up paying steel manufactures. The employees take the money home and they spend it and pay tax, so it goes right back into our economy. Same with the construction. We give the money to the construction workers as pay, some of that immediately goes back into a budget via taxes. What doesn’t is money those employees will spend later on groceries, etc. it just goes straight back into the system and isn’t gone. It’s more of a minor temporary redistribution of a governments funds to certain industries. + + +Am I understanding this correctly? +[https://np.reddit.com/r/DebateCommunism/comments/kectjd/same\_old\_question\_how\_do\_you\_guys\_refute\_the\_fact/gg20j79?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/DebateCommunism/comments/kectjd/same_old_question_how_do_you_guys_refute_the_fact/gg20j79?utm_source=share&utm_medium=web2x&context=3) + + Nobel-winning economist Amartya Sen (Harvard University) authored a [study](https://onlinelibrary.wiley.com/doi/epdf/10.1111/j.1468-0084.1981.mp43004001.x) looking at quality of life in developing countries. He found that "Clearly the relative performance of communist countries is superior," prompting him to remark, "One thought that is bound to occur is that communism is good for poverty removal." + +Or maybe I am misunderstanding it +When I look at graphs of GDP growth, I see similar rates of growth for EU (and it's single members) compared to the US up until 2008. But since then, it seems that it goes up and down the whole time, with numbers (in USD) in 2022 similar to 2008. Now, I see on the news that EU economies grow all the time (albeit slower than the US). And when adjusted to purchasing power, the curves in GDP and GDP per capita have kept more or less the same growth trends. But when I see in USD, this goes completely off. In GDP per capita for 2022, in USD EU lost GDP despite all countries growing in local currency and PPP. I get it is in big part to exchange rates, but what does this mean? Specifically because in USD it decreases but purchasing power keeps increasing. What does this mean? + +Sorry if the question is not well phrased, I'm not that well versed in economics, but this is something that I find interesting and really hard to understand. +please recomend some great books. + +EDIT : I may have enough books for a year and my inbox is ripped to shreds with this many responses but please stop now it. too many books for me thank you very much for all the suggestions , thank you for a medal + + EDIT : This was requested soo.. + +1) Rich Dad Poor Dad - Robert Kiyosaki + + 2) Think and grow rich - Napoleon Hill + + 3) The Richest man in Babylon + + 4) The Millionaire Next door + + 5) Total money makeover - Dave Ramsey + + 6) Basic Economics - Thomas Sowell + + 7) Wealthing like rabbits + + 8) Common sense economics + + 9) The wealthy Barber + + 10) The millionaire teacher + + 11) Early retirement Extreme - Jacob Lund + + 12) Time is money + + 13) Automatic Money + + 14) What I learned from losing a million dollars + + 15) simple path to wealth + + 16) Snowball - Warren Buffet and the business of life + + 17) A random walk down Wall Street + + 18) I will teach you to be rich +https://www.bloomberg.com/amp/news/articles/2020-06-19/bdo-unibank-says-it-s-one-of-banks-involved-in-wirecard-probe?sref=61mHmpU4&__twitter_impression=true + + +Wirecard AG shares continued their free-fall, dropping a further 45% after the two Asian banks that were supposed to be holding 1.9 billion euros ($2.1 billion) of missing cash denied any business relationship with the German payments company. + +Wirecard now faces a potential cash crunch. The company warned Thursday that loans of up to 2 billion euros could be terminated if its audited annual report is not published on Friday. Analysts at Morgan Stanley estimated that Wirecard has available cash of around 220 million euros, if it cannot locate the missing $2.1 billion. + +BDO Unibank Inc., the Philippines’ largest bank by assets, and the Bank of the Philippine Islands said in separate statements on Friday that Wirecard isn’t a client. + +“It was a rogue employee who falsified documents and forged the signatures of our officers,” BDO Unibank Chief Executive Officer Nestor Tan said in a mobile phone message. “Wirecard is not even a depositor -- we have no relationship with them”. + +The Bank of the Philippine Islands said in a separate statement that Wirecard isn’t a client and it continues to investigate the issue. + +Wirecard was worth 24.6 billion euros in September 2018 when it entered Germany’s Dax index. It is currently valued at about 2.4 billion euros. +Had a bad three months in terms of events, first accident so had to pay excess out of pocket (100% my fault) + +Then new policy was due in literally 2 weeks after my accident and I usually like to pay my policy in one sum (which increased by 30% YoY) + +then a few days ago some scum bags ripped the catalytic converter from my car, another £700 to repair/replace and get a cat shield. + +thanks to my emergency fund I was safely able to pay for all these events, my fund is a little lower now but I can spend the next few months paying into the fund instead of my Vanguard ISA then switch back when I've got 6 months to go. + +Before reading this sub I had no concept of an emergency fund, I would usually use all my money and not save that much. + +Thank you! +Lately, I have been thinking on investing in ETF's and REIT's and Reality Income stood out to me. Is it a good option and is now the time to buy it or should I wait? +I’ve read quite a few people on these posts through OPs or commenters who have six figure jobs and they only work 10-20 hours a week. I’m curious what those of you who have those types of jobs do. +Computershare is the only thing that matters at this stage. GameStop basically told us themselves, they posted a scoreboard on their 10q. This is the closest they can legally get to releasing a "DRS YOUR SHARES YOU DUMB CUNTS" press release. + +We’ve been here a year+ and we’ve found the answer. Now is not the time to experiment. What else is even worth posting? Overly technical and probably incorrect DD that winds its way around to telling you to buy options? + +We've had some great DD but at this stage I feel like it primarily serves as an excellent signal to SHF of what they should hype/disappoint us with next. We don't need to know anything else right now, save it for after MOASS. Make every god damn post a purple circle for all I care. Stop giving them ammo to fuck with us. + +Who gives a fuck if you’re bored, anything that increases the odds of people DRSing is something that needs to be prioritized - this shit is not a game. + +No one will see them if they’re in a separate thread or if we relegate them to the weekends (laughable), it defeats the purpose. We're going too slow with DRS as it is. They will buy up Reddit shares and start shutting down DRS posts, we don't have time for this shit. It's already happening. + +**Anything that isn’t Computershare/DRS is a distraction right now.** + +Edit: + +Offering arguments/rebuttals for what I'm seeing a lot instead of replying to everyone. + +&#x200B; + +* DRS posts drown out good DD. New people coming to the sub are more likely to join us if there is engaging DD/conversation, not just purple circles. + * I agree that DD is very important. It's what got us here and what will convince new people that aren't familiar with the situation to join our ranks. At the end of the day though, DRS is simply more important and we need to keep our priorities straight. If people want to find DD, we should move that to a different section of the sub, not the Computershare posts. Most of the DD at the top of the feed these days is either too technical or speculative to fact check and they rarely produce any actionable information. DRS posts spread awareness of the solution and they give very little for SHFs to manipulate us with. Even if they only increase the amount of direct registering by 1%, that's worth it and more important than any other information right now IMO. +* The sub is not as engaging with just purple circles. + * I agree with this but I would encourage everyone to ask themselves why they're here in the first place. Are you here to have fun? Are you here to goof around with your internet friends? Great, nothing wrong with that, but that's not why I'm here and I'm sure it's not why many others are here. I am here to get rich and take money from the assholes that are, quite literally IMO, ruining our society. This saga has real world implications that I don't think are fully appreciated sometimes. We have an opportunity to do something historic, to positively affect many, many, people. Engagement is important, but when you consider the fact that the only weapon they have is distraction, it becomes a double edged sword that we shouldn't take chances with at this juncture. Our focus should be singular. Locking the float is the only thing we can do to affect any real change, and we should devote as much of our time and energy as a sub to it as we can. +* DRS posts are just karma whores, I'm sick of seeing them. + * Idk what to tell you if the benefits of DRS exposure are outweighed by someone getting internet points in your mind. Who gives a single fuck about karma given the context of the situation? I'll happily exchange karma for DRS awareness. Maybe not a great rebuttal but I don't really understand this argument I guess. +Hedgies can’t win. The huge drops weren’t working. Now they seem to be trying the slow bleed but that lets the normies start to feel more comfortable getting in at these elevated prices. +https://www.cnbc.com/2019/09/16/aramco-saudi-arabia-attacks-on-oil-supply-wipes-out-spare-capacity.html + +International benchmark Brent crude oil price spiked as much as 19% on Monday to $71.95 a barrel while U.S. West Texas Intermediate jumped more than 15% to a session high of $63.34 a barrel. + +Saudi Aramco, the national oil company, has 35-40 days of supply to meet contractual obligations, a source close to the matter told CNBC. + +Drone strikes attacked an oil processing facility at Abqaiq and the nearby Khurais oil field on Saturday, knocking out 5.7 million barrels of daily crude production or 50% of the kingdom’s oil output. + +Edit: Thanks for the platinum award!! +Directly from [Vanguard Website](https://investor.vanguard.com/client-benefits/brokerage-fees-commissions): + +**Effective September 5, 2022** + +Vanguard Brokerage Services charges a $20 annual account service fee. We don't charge the fee to any of the following: + +* Clients who have an organization or a trust account registered under an employee identification number (EIN). +* Clients who’ve elected e-delivery of statements and the annual privacy policy notice; confirmations; reports, prospectuses, and proxy materials; and notices, amendments, and other important account updates. +* Brokerage accounts enrolled in an advisory program serviced by an affiliate of Vanguard. +* Clients with at least $1 million in qualifying Vanguard assets. + +Review your mailing preferences here: + +[Link directly to Vanguard Mailing Preferences](https://personal.vanguard.com/us/faces/com/vanguard/mailingpreferences/WelcomeMailingPreferences.xhtml) +I've tried budgeting it out multiple times but I just won't be able to make up enough money to put towards this event. I've heard of websites that book your vacation and you make payments to them as you would with a car or loan, etc. However I'm not sure if those are trustworthy. Any advice would be appreciated. + + + +Edit: Did not expect this post to blow up. Thank you so much for the advice. I went ahead and told him my situation and we are working to figure it all out. Overall I just needed to swallow my pride and admit that to him. Thanks for the extra push PF! + + +Edit 2: Alright guys, I got my plane ticket and hotel reservations. All that's left is to plan the bachelor party! Didn't expect things to escalate so quickly, thank you again PF. +My dad worked for a semi-conductor company in the 90's and collected about $25,000 in shares. He stashed them and forgot about it until recently. They're currently worth approximately $1,150,000. + +We were obviously super pleased to have that stroke of luck, but I am anxious at how poorly diversified their portfolio now is. The value of their shares fluctuates tens of thousands of dollars day to day. (Edit: I understated how volitile it's been. The stock is KLAC.) + +Does anyone have any advice on how to sell the shares and then reinvest? The capital gains tax will be astronomical. Do we need to just bite the bullet and sell all of it immediately? Is it better to spread that out over a few years? Will this affect their taxes on their standard income? + +After it's sold, what sort of things should they be invested in if they plan to retire in the next 5 years or so? +I bought and sold Equity Mutual funds and Debt Mutual funds, and during the tax computation, I find it a bit confusing. I file tax as an individual Resident Indian. + +&#x200B; + +* Short Term Capital Gain Equity Shares(taxed at 15%) -> Rs 40000 +* Short Term Capital Gain Debt Funds(based on individual tax slab) -> Rs 90000(Most of it has been from Franklins winding up scheme) +* Long Term Capital Gain Equity Shares -> Rs -125000 (loss) +* Long Term Capital Gain Equity Mutual Funds -> Rs 70000 +* Long Term Capital Gain Debt Funds(20% with indexation) -> 85000 + +Question 1 + +My understanding is that i can offset Long Term capital gains with Long term capital losses. Therefore i am liable to pay -125000+70000+85000= 30000. Therefore i should add 30000 to my Income earned for computation. Is this understanding correct + +Question 2 + +Most of my Short term capital gain and long term capital gain is from Franklin Ultra Short Bond winding up, and therfore was "forced" redemption in that category. Considering such a case, are there provisions while filing tax which can reduce my overall tax liability +Happy weekend everyone. + +Is the DAO incident still affecting Ethereum's sentiment? After all this time? + +I read another sub (/r/silverbugs) where someone recently posted about bitcoins price. I replied stating that Ethereum was currently a "good buy" and people may want to look into it if they missed out when Bitcoin set sail. One reddit-er responded stating Ethereum had "lost legitimacy after the DAO incident". He was then upvoted 3 times - which is quite a lot for a trivial comment on that sub. I'm seeing similar replies to comments all over the internet. + +Is there an aircraft hanger where thousands of bitcoiners dredge the internet for Ethereum comments and reply the same day with negative comments such as: + +* "Vitalik has serious health problems" +* "Ethereum is dead" +* "Ethereum isn't secure and does rollbacks" + +...or is their genuinely a sentiment against Ethereum, in the wider community, over and above bitcoin maximalists spreading their FUD? Is it the case that the biggest publicity Ethereum ever got was the DAO hack and that's all it's remembered for? Could their have been better PR during the incident? + +I honestly don't think people understand the nuances of the exploit either. It was a vulnerability in a contract written by a third party and put on Ethereum and not the Ethereum platform itself right? + +Finally, do you believe that the DAO hack will be just a footnote in Ethereum's history in 12-24 months time? +Hi guys. I just saw on Feb 15th 20k was taken by my savings by ACH WITHDRAWAL 021422PENTAGON FEDERAL TRIAL DR. What is this? Is this a scam? Please help. + +EDIT: I got off the phone with Citzens bank. The lady was really nice. The lady from citizens said it was clear fraud. Prior to taking out 20k, there were test runs. They first took out .64 cents, then returned it, then took out the 20k exactly. She put in a claim for me. She said i will most likely receive my money back "within 10 business days." I am going to citizens today at 12pm Et to make a new account. My current account is frozen. No money can be taken out of it. + +EDIT 2: Went to the bank, made a new account and transferee my remaining money to the new account. My old account is still there. But can only receive deposits and not withdraws. I will receive 20k as provisional. But citizens said that it’ll take 45 days for them to complete the investigation. I’m not sure why it would take that long. I changed my email password, Bank user name and password. I have 2FA on my brokerages. I am looking to see how to add 2FA to my citizens along with alerts. + +EDIT 3: Citizens bank said they will refund my money on the 9th of March. Police report filed, will get it tomorrow and send it over to citizens. Someone fraudulently made an account under my name for PENFED. That account has been closed. I put a fraud alert on the 3 major credit bureaus. Changed passwords for bank accounts and username. + +FINAL EDIT: Money received. All done. +I’m curious about how common it is for a profitable trader to go travel around. I would think that you just need to be disciplined, stay at places with good internet connection, and spend hours everyday trading at any destination. + +How has it worked out for you? + +How do you deal with jet lag? If I don’t get 8 hours of sleep my brain is slow the next day. + +I’m curious about this lifestyle and aspire to achieve this. Would be cool to get some motivation from hearing others success stories. +30 years young. I've been going around posting regarding investing, which I still have to open a taxable brokerage and pick my funds but in the meanwhile I've also been learning about budgeting. I'd like to learn what distribution of my bi-weekly paycheck should go towards what. + +I live at home rent free, but in the future I plan to either, rent, buy a condo or house. + +* $78k in my checking account +* $51,500 yearly gross salary +* $1,426 bi-weekly paycheck or $2,582 monthly +* 401K + * Employer match is 3% and I am contributing 3% which is $57.69 every other week + * Total I have in there is $7,185.70 + * Vanguard Institutional Target Retirement 2055 Inst Fund is what my company picked + +Out of the $78k I plan to + +* $18,000 into a HYSA or a Chase Savings Account +* $6,000 into ROTH IRA with FSKAX +* $10,000 keep in checking for spending and expenses +* $44,000 or $20,000 into a taxable brokerage FSKAX, don't want to put all $44,000 as I want to use some for a potential down payment on a house in the next 5 to 10 years. + +Out of my bi-weekly paycheck, how much should I contribute to: + +* 401K +* Emergency Fund +* Savings +* Taxable Brokerage +* Roth IRA +* "Fun" money (10%) +# The case against a 100% S&P 500 ETF portfolio + +A lot of investors have a 100% S&P 500 portfolio, especially in the United States. Over the long-term, a simple portfolio like the one mentioned above performed greatly over the past 50 years. However, I think it is possible for investors to have a diversified portfolio that has a lot less volatility with a similar (or even better) return. As the Nobel Prize winner Harry Markowitz said: “diversification is the only free lunch in investing”, and I believe it is true. + +The assets I will use in the experiment are: US stocks, REITs, Gold, Long Term Treasuries and Small Cap stocks. The reason why I chose these is because they have a negative, low or medium correlation and they have a risk profile similar to stocks, that’s why I did not include Cash or Short Term bonds). Small Cap stocks have a high correlation to US stocks, but they can be used to increase the return of a diversified portfolio (I will come back to this later). + +First of all, here is the correlation of all the assets mentioned above since 1994 : [https://imgur.com/hkCGcIV](https://imgur.com/hkCGcIV) + +As you can see, except for Small Caps, all of the assets have a low to medium correlation to US stocks. Now, let’s compare US stocks to every asset in this portfolio and see if any of those could be a good addition to an investor’s portfolio. + +# Gold + +Here’s what the risk/return profile of gold is compared to stocks since 1972 : [https://imgur.com/OtnER6L](https://imgur.com/OtnER6L) + +As you can see, gold both has a lower return and a higher volatility, so why would anyone want gold? Due to its low correlation to stocks, **holding a small allocation to gold actually increases a portfolio’s return and reduces its volatility when rebalancing annually**. In fact, a 80% stocks/20% gold portfolio had a return of 10.60% annually with a 12.97% volatility. + +[https://imgur.com/Ht8W3eE](https://imgur.com/Ht8W3eE) + +# Long Term Treasuries + +Long Term Treasuries is the asset with the lowest correlation to US stocks (-0.22), so it is one of the best diversifier an investor could have to reduce volatility. Here’s the risk/return profile for both asset since 1978 : [https://imgur.com/KHpYvlL](https://imgur.com/KHpYvlL) + +Long Term Treasuries underperformed Stocks by 2.74% annually. However, its volatility is about 4% lower. So if we add a 20% Long Term Treasuries allocation to a Stock portfolio, what happens to our portfolio’s risk and return? + +[https://imgur.com/cs9LoBW](https://imgur.com/cs9LoBW) + +A 100% Stocks portfolio would have performed better than a diversified portfolio with both Stocks & Long Term Treasuries. In fact, the 100% Stocks portfolio returned 11.43% annually while the 80/20 portfolio returned 11.25%. **However, the volatility is much lower for the 80/20 portfolio**. It had a 12.41% volatility, while the Stocks portfolio had a 15.16% volatility. + +# REITs + +Real Estate Investment Trusts (or REITs) have a medium-high correlation to US stocks (0.57 since 1994) and have a higher risk/return profile. I still included REITs in the analysis, because a small allocation to REITs still decrease a portfolio’s volatility. Here’s the risk/return profile for both assets : [https://imgur.com/to6TBcX](https://imgur.com/to6TBcX) + +As you can see, REITs both have a higher return and a higher volatility. However, once you combine both assets. **The portfolio’s return increases to 9.70% and the volatility decreases to 14.34%**. Below is a graph showing the difference in return between both assets (Stocks and REITs) and the diversified portfolio : [https://imgur.com/0PHqVqQ](https://imgur.com/0PHqVqQ) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +Now, there are 3 assets that we know can help reduce a stock portfolio’s volatility and can sometimes even increase its return. But what if we invested in all of the assets mentioned above? For example, what if we had a portfolio that was 20% REITs, 20% Gold, 20% Long Term Treasuries and 40% Stocks? + +[https://imgur.com/fmlzQ73](https://imgur.com/fmlzQ73) + +As you can see, even though the return decreased by 0.38%, **the volatility decreased by more than 5.45%**. So even if you have high-risk tolerance, it can still be smart to diversify for two main reasons: + +1. The return of your portfolio won’t even be greatly affected in the long run +2. You can take additional risk elsewhere (e.g. replacing US Stocks by Small Caps, Emerging Markets or Growth Stocks) + +At the beginning of this article, I talked about Small Caps and their high correlation to US stocks. Obviously, Small Caps are a poor diversifier, but we can replace US stocks by Small Caps and increase the portfolio’s return. Adding a riskier asset with a high US Stocks correlation will obviously increase the portfolio’s volatility, but it will still be lower than if we had a 100% US stocks portfolio. Below is a table showing the risk/return profile of 4 different diversified portfolios by replacing US stocks for riskier assets : [https://imgur.com/vHJDfUt](https://imgur.com/vHJDfUt) + +As you can see, even when we replace US stocks by asset classes with a higher volatility, the portfolio’s volatility is still at least 3% lower than a 100% Stocks portfolio. **And when we replace US stocks by Micro Caps or Growth Stocks, the diversified portfolio outperformed a 100% Stocks portfolio with a much lower volatility**. + +To summarize, the different portfolio allocations mentioned above are the “free lunch” that diversification really is about and it possible to have a lot less volatility without sacrificing any return (we have seen that we can even increase a portfolio’s return with less risk). Obviously, we don’t know what asset class will outperform in the future, but this is only further reason why someone should not only have a S&P 500 ETF in its portfolio. + +TLDR: There is no cost in diversifying + +Source: [https://onemaninvesting.wordpress.com/2019/09/02/the-case-against-a-100-sp-500-portfolio/](https://onemaninvesting.wordpress.com/2019/09/02/the-case-against-a-100-sp-500-portfolio/) +How much do you think his strategy has changed? Was scrolling through his 13F trying to reverse-engineer his thought process and found it quite difficult. I know most of his portfolio is in derivatives right now, but I'm still trying to figure out his stock picks. Any ideas? + +I looked at his pick PDS which went up from $0.57 to $19. That one was easy. Simple earnings power showed massive undervaluation. Could even go based off asset valuation. A lot of the other picks are quite subtle, though, like DISCA, CVS etc. +As the title says, has anyone on this sub read the book and how would you rate it out of a 10? A must read? I'm trying to give it a read at this very moment but I'm trying to hear what opinions readers have on the book and what lies ahead for me. +I'm seeing what look (to me) like far superior deals to those available to me in the U.S., but have no idea how to start buying. + +The government of Korea doesn't seem to have any problem with American buyers, but I don't know what my next steps are. Are any of you buying Korean equities as foreigners? How? +First of all I believe that amc , gme etc are all overvalued based on fundamentals, but since majority of the share holders are retail investors who don’t even base the stock on fundamentals and who believe in just holding , wouldn’t the stock not drop nearly as bad as ur average mid cap stock , now i don’t know how gme amc shareholders will behave during a collapse but would like to know ur intake +I’m fresh out of college and have been working for the past 5 months for a very well known tech company doing SQA. I don’t have any interest in SQA and originally took this job for the company name that I could put on my resume. I am a contractor for this company and currently the conversion to full time is not high at all, and I also personally would not want to be working here for more than 6 months-1 year Bc the job itself is not what I’m interested in at all. However the company is in a very exciting and prosperous market. + +I’ve now been offered a job making 60% more at a much lesser known company, however would be doing something I’m more interested in and relevant to what I studied in university. Here are my concerns: +- that I’ve only been in my current position for 5 months and don’t want the length of time to reflect poorly on my resume +- that I would be leaving this massive company which whenever I say where I work to people I always get a shocked response +- that if I stayed longer in my current position I would be able to get a higher paying job elsewhere in a company that I may prefer to the new one offered + +I would not need to move for this new job, so all my expenses would remain the same. Am I being to eager to jump ship to quickly and/or will this move negatively affect me down the line? +Hey everyone. I wrote my own indicators and made a strategy in tradingview, but it seem on 1, 3, 15 min and 1 hr time frame it's profitable, but on 5 min it's at a loss. + +https://imgur.com/z4NY26y + +Has anyone seen something like this? How do you track down the problem? Sorry for the newbie question. I'm fairly new to algo trading. + + +--- + +update: I figured out what's going on. + +The problem was that my indicator was creating way too many trades for 10000 bars, just as /u/Holidaya35 suggested. + +It's some kind of bug on tradingview's pinescript. The total number of trades are larger than the number of bars allowed for free users which is 10000. + +After some tweaking I've managed to get the tradingview's native strategy tester to work just like my indicator/strategy so both make the same trades. That took a while. It appears problematic portion of my code is the cumulative sum function. it's pulling data from more than I can access. I checked all the trades visible and they're are more or less consistent with the percent wins.. + +And upon running the test, it came back with 71.8% win rate, which is reasonable for homegrown indicator. The actual strategy tester gave me 28 trades with $6.92 for $0.24/trade on the security who price is around a buck. My indicator and my method of enumerating the profits/trades gave me $0.44/trades, which is significantly off. + +Back to the drawing board. +A bit of background, + +Currently am a software engineer with a degree in statistics looking to get into algo trading, what would the recommended route of learning be for someone such as myself? +My bet, I think it would be Switzerland or Belgium, but it would be interesting to hear what you guys and gals know. + +Asking as I want to get a job in a european country with the highest PPP, to then save and make investments in other countries far quicker. +[https://www.cnbc.com/2018/08/01/amazon-plans-to-move-off-oracle-software-by-early-2020.html](https://www.cnbc.com/2018/08/01/amazon-plans-to-move-off-oracle-software-by-early-2020.html) + +Considering that Oracle database is extremely pricey and priced per CPU core, I think Amazon could make a substantial savings here. + +Edit: I am having too much fun here. Note that I'm pretty sure Amazon gets a steep discount so there's no way they are paying the following amount. + +This is Oracle multi core pricing: [http://www.oracle.com/us/corporate/press/017192\_EN](http://www.oracle.com/us/corporate/press/017192_EN). And oh, they charged by the soft core (CPU thread), not full physical core. + +From the example: 0.75 \* 8 \[cores\] \*$40,000 = $240,000. + +Now, let's play with the number. It's very believable for [amazon.com](https://amazon.com) database to be running on > 10,000 bare metal servers. Let's pretend that each server runs 30 cores. That makes the math: 0.75 \* 30 \* 10,000 \*$40,000 = $9,000,000,000. +I just wanted to put these thoughts out there because I know lots of people that probably haven't looked at their balances for a while, and might be avoiding for the same reasons I sometimes do. It's always better to know the numbers, even if they aren't what you were hoping for! + +So if you're anything like me, you'll go through periods where you spend lots of money on a few luxuries you didn't budget for. Or maybe instead of a planned weekly food shop, you went out to eat a few times, bought all your work lunches as meal deals from the shop (even when WFH), and had a few beers after work followed by a takeaway. + +In these situations, my natural instinct is to avoid looking at my bank account. I eventually do, but not until a few weeks or even a month or two later. + +During that time, I'm always feeling a bit anxious about spending. It's not that I'm in debt or can't afford things, just that I know it's ***more than I'd like my lifestyle to cost*** and will be eating away at savings. + +When I finally do look, sometimes it's better than I thought but usually it's a couple hundred worse. Maybe my credit card bill is £500 for the month instead of only using it for the planned £150 of commuting. Or maybe I need to take money out of savings to stop going overdrawn at the end of the month. + +What I've realised is that after 2-3 minutes of looking at the numbers, even if they are truly terrible, I already feel back in control. My mind switches into 'don't spend money' mode and I work to get it back on track again. The simple act of looking probably saves me hundreds of pounds over the following few months! + +So please make it a habit to just look at your accounts once in a while, so you can reign those bad moments in. +[https://www.cnbc.com/2022/10/27/elon-musk-now-in-charge-of-twitter-ceo-and-cfo-have-left-sources-say.html](https://www.cnbc.com/2022/10/27/elon-musk-now-in-charge-of-twitter-ceo-and-cfo-have-left-sources-say.html) + +>Tesla CEO Elon Musk is now in charge of Twitter, CNBC has learned. +> +>Twitter CEO Parag Agrawal and finance chief Ned Segal have left the company’s San Francisco headquarters and will not be returning, sources said.  Vijaya Gadde, the head of legal policy, trust, and safety was also fired, the Washington Post reported. +[https://www.cnbc.com/2022/10/27/elon-musk-now-in-charge-of-twitter-ceo-and-cfo-have-left-sources-say.html](https://www.cnbc.com/2022/10/27/elon-musk-now-in-charge-of-twitter-ceo-and-cfo-have-left-sources-say.html) + +>Tesla CEO Elon Musk is now in charge of Twitter, CNBC has learned. +> +>Twitter CEO Parag Agrawal and finance chief Ned Segal have left the company’s San Francisco headquarters and will not be returning, sources said.  Vijaya Gadde, the head of legal policy, trust, and safety was also fired, the Washington Post reported. +But apes just keep buying. We **know** what's happening and their bought "news" sources can't fool us anymore. The only way is BUY AND HODL. + +So stop expecting things to happen or the price to moon on certain dates, stop thinking we moon if we reach certain prices. Their plan is to shut our hype down, make us bored and doubtful. But it won't happen anymore. The only way is BUY AND HODL. + +Retail [owns the float](https://reddit.com/r/Superstonk/comments/mxrdcb/updated_dd_i_did_the_math_there_is_literally_no/) many times. Hell, users of this subreddit alone, superstonk, probably [own the entire float](https://reddit.com/r/Superstonk/comments/mzuodo/final_update_superstonk_users_alone_hold_between/) already. If apes hold until the price is $10'000,000, the price **will** reach that. + +The only way is BUY AND HODL. + +It's really simple apes. Keep reading DD, keep learning investing and finance, keep questioning everything. But the bottom line won't change. + +Diamond fucking hands 💎🙌 +It's not that complicated tbh; + +* Majority of people who bought in dec/jan don't even understand what bitcoin is +* Majority of people who bought in dec/jan bought to "get rich quick" +* Majority of people who bought in dec/jan don't believe in bitcoin +* They sell when price goes down and have very very very weak hands +* Bitcoin goes down = Everything else goes down +* This selloff is the result of these people being shaken out + +Bonus points: + +* Coinbase was #1 trending app on app store +* Literally everyone I knew that I told to buy bitcoin at start of 2017 was calling me the "crypto expert" asking me to help them buy crypto +* Crypto was in literally every major news outlet and all over social media to the point that it had become a meme + + +While there may be a chance that whales are playing a part in this, the main reason for this crash is that we were overhyped and people expected too much from an asset class that has very little real-world adoption. Stop playing with conspiracy theories and trying to deny the most obvious facts. + +If you bought in dec/jan and are still here, congrats. The fundamentals behind bitcoin is at an all time high (LN, segwit, wallets etc.). + +It may be a few months/years before the hype has died down and then we will slowly crawl back to a new ATH. +A quick review of a bunch of studies on the subject has shown that investors that use advisors fare much better than those that don’t. Including and above an advising fee: + +https://www.investopedia.com/articles/personal-finance/102616/how-much-can-advisor-help-your-returns-how-about-3-worth.asp + +Further, other studies have shown that in general people simply cannot overcome the biases that lead to poor decision making: + +https://www.thebalance.com/why-average-investors-earn-below-average-market-returns-2388519 + +This sub and r/personalfinance generally tell people that advisors are unnecessary if they do their own research. + +Unfortunately, the data suggests this is simply not true. Most (not all) people NEED someone acting as a road block to convince them to not make impulsive decisions. + +The advising fee for fiduciaries has come down the past few years and many offer services in the 0.75% -0.95% range, or even an hourly fee. This sub should stop telling people to not hire fiduciaries. Many here are susceptible to the same biases. Just look at last month and how every other post was about “going to cash” “buying gold”, or trying to time the market. + +I understand that some of you have the ability to buy and hold through major recessions and corrections, but it looks like the average person doesn’t, so they should use a fiduciary. +Sorry if this is the wrong sub for this but looking to get some advice from anyone else at this point. + +I began contributing $800 from each bi-monthly* paycheck towards my 401k plan at work at the start of this year. About halfway through the year, I realized I did the math wrong and that I'd be short on maxing out my plan as a single-filer. So I switched it to $850/paycheck in July to catch up and get close to hitting the $20.5k max. + +This is when I noticed that I was missing one of the $800 contributions between January through June. + +2 contributions per month for 6 months = 12 contributions of $800 each, or $9600 total. This total amount shows up correctly on my paystubs. + +However, my Nationwide account is only showing 11 contributions of $800 before it switches to the $850 contributions beginning in July. + +I've called and screenshared with my finance department and they understand what my issue is and I saw on *their* payroll screen that it's correctly marked in their system. + +When I called Nationwide, they also acknowledged that they understood my issue and that I was indeed missing an $800 contribution. The rep said another department was needed and that they were busy but that I'd receive a call back. Tomorrow would make it one week since I called in. Haven't heard from them since. + +I will most likely be leaving my current employer sometime over the next month and want to resolve this as soon as possible. + +What can I do besides calling Nationwide again? + +Should I file a CFPB complaint next? +I am in college and I started a Roth IRA about 3 months ago and have around 1k in it (60% VTI and 40% VT). It was somewhat impulse after taking and investment analysis class and hearing over and over again that the sooner you start the better, so I went ahead and did. Although now I am in the standstill period where I am not totally sure what to do - to keep investing, what to invest in, and when. I am also reading a lot financial planning books and listening to podcasts and hearing the other argument not to trust it and to stray away, so my wires are kinda crossed. I would love to hear any advice anyone has. I am about to enter into my senior year of college. +Those of us here have a view of money that differs from most of the population. Where they see it as something to be accumulated and spent, we see it as a path to freedom. + +While you surely know pitfalls of the standard approach to money, I'm coming here today to talk to you about the opposite extreme. + +How much is enough? + +Being here, you're probably frugal. You're probably good at saving and investing and have a good amount of money already banked up. If you're like me, you take pride in this fact. + +Using myself as an example, I'm in my mid 20's, and have over $150k, which I'm quite proud of. However, what many years ago seemed like a massive goal (100k), now seems trivial. I want to hit 1mil. + +Who's to say, when I hit 1mil, the goal becomes 10mil, 20mil, And I'm never satisfied? + +Since getting into the stock market, what started out as a fun game to grow money has grown into stressing over charts, and ignoring things that don't bring a positive cashflow. There is the obsession to reach the goal, but who's to say that the goal will change once it is reached? + +I'm sure you've experienced similar situations. How did you find you stopping point, and how do you control the urge to pursue further and further growth? +I've heard for the longest time that renting is equivalent to "throwing away money," but my friend recently sent me [this article](http://www.nadertheory.com/#!/main/articles/flawed-logic-everyone-uses-to-support-buying-a-home) that seems to argue that renting is actually the same as buying a home, and that neither is throwing away money. But how can that be when paying down your mortgage results in you owning a home in the long run whereas renting forever doesn't? What am I missing? +https://www.cnbc.com/2019/07/24/boeing-earnings-q2-2019.html + +Boeing reports a second quarter loss of $5.82 a share. + +It delivered 104 fewer airplanes to customers in the second quarter that last year. + +The aerospace giant’s flagship 737 Max jet remains grounded after two fatal crashes, and the company remains uncertain on how long it will be until it returns to flight. + +“This is a defining moment for Boeing,” CEO Dennis Muilenburg says in a statement. + +Results: + +EPS: Loss of $5.82 a share + +Revenue: $15.8 billion vs. $18.6 billion expected by analysts surveyed by Refinitiv. + +EDIT: +Thanks everyone for the advice and possible outcomes. Not sure what I expected, but it wasn't the amount of replies I woke up to this morning. I already pulled the 3 bags of mail out and one of them is empty on my desk. After I get the paperwork sorted out, I'll find a good accountant and set up an appointment. Then I'll see about calling the IRS for an abatement once I see where I'm at. + +Not only do I really appreciate the much-needed advice; hearing about people going through similar situations was a great help to ease the anxiety I was feeling about this. I thought I'd get some instruction on next steps at best, but I got that and a lot more. Thanks again for your help and encouragement and thanks to you guys who reached out on DM with offers to help. Best or worst case scenario, I can rest easy without thoughts of tax jail thanks to you all. + + + +Yep, I'm an idiot. I spent most of last year and this year in a pretty severe depression and paying taxes just slipped out of my mind among other things. + +The fog's lifting little by little these days, thankfully. But I'm at a loss with what to do. Normally I've gone to H&R Block to get them done, but I don't even know if that's an option. I don't even know where of my paperwork is, I have to shift through the several bags of mail I accumulated the past 1.5 years. I'm not overly worried about this year, I think if I file now, I'll just pay a small fine. But I'm concern about last year. How much trouble am I potentially in? + +I'm really at a loss, so any advice is welcomed. Thanks in advance. +I don't know if it's because I live in the mountains or if apartments sucks, but I literally cannot open the site. I just inherited a house, and I want to rent it out as my dad did before me. + +Any tips for finding rental comps? +So I’m 23 and I work 4 mornings a week +6:30am to 12:30 for this time I am paid £30 per morning. +That’s £5 an hour… + +When I bring it up they say they are not underpaying me as they pay per morning and that they are a small business and can’t pay any more than that. + +I have no written contract with them and they pay my weekly in to my bank using (thank you) as a reference. + +The only thing making me stay is that I love the job as I get to work with animals. + +Firstly, is this legal? + +Secondly, if I am to leave as they won’t pay me minimum wage can I claim the amount I am owed from them to make it so that I have been paid fairly to account for the underpayment? +Or am I not entitled to anything as there is no contract? + +Thanks in advance +Not sure if this the correct sub for this but given the unemployment pay potential figured i'd give it a shot. + +Little background I was planning on quitting this job in a few months to pursue my MBA full time, however I was waiting for background checks to clear before quitting and also to save up a little more. I'm being fired due to not being able to perform the job as expected, not for misconduct or anything like that. I'm in Texas and I've read I can still get unemployment even though I was fired. Would it be smarter to get fired and receive unemployment until the fall? Or to resign and be able to say I left on my own terms? + +*Edit: Wow this blew up thank you all for the advice! So to be a little clearer my job is an engineer by title but I don't really do engineering work and it's more a team operations type job that involves a ton of communication and leadership, areas I know I'm weak in but I hope an MBA can help out with. I can't be too specific because it's a very niche job and high profile. However I have been given all the opportunity possible to improve but wasn't able to. + +After reading all these comments I'm leaning most towards being fired and receiving unemployment. My only real concern was background checks for school and other jobs showing that I was fired but my understanding is they won't and I can use going back to school as a reason why I was let go. +Good Weekend All! + +I am fucking actually jackked to the tits this week, not only am I seconds away from solving the who is u/Rick_of_Spades mystery. I've got more fucking Whale Teeth^(TM) than I can shake a pickle at. + +I'll break out the crayons here in a second. + +Butt first I need to get some serious shit posting done. + +# Part I : Who the fuck is u/Rick_of_Spades? + +**WARNING: POSSIBLE DD AHEAD!** + +Well some pretty damning evidence has come to light I'm gonna put this here because I'm not sure if I fully understand it. But possibly getting more eyes and wrinkle brains on the subject will help the community put the pieces of this puzzle together. + +[🤔](https://preview.redd.it/n2w61ghj0lh71.png?width=1198&format=png&auto=webp&s=0914309d41a1abf357f6151cecb7640bd130f5d5) + +A basic round of technical analysis on this would indicate Matt is in fact Rick\_of\_Spades. + +1. He doesn't own GME +2. Strange zoophilic obsession with ducks +3. Ducks can also be yellow + +[Obvious bullish trend reversal...](https://preview.redd.it/97qqq0ya2lh71.png?width=1196&format=png&auto=webp&s=24ed8bf102cfb9de0f4f4e234c56ea6f60bc270d) + +but even more recently evidence has come to light that his confession may have been coerced. As you can see from the image above this man is clearly trapped in a Susquehanna prison. + +Source: Lives in Philadelphia. + +Secondly, the lights at the Susquehanna Building were on at the time this image was captured. + +I was personally shocked when I finally thought I had it all figured out and the case was closed, the mystery only deepened when we discovered this... + +[Prominent data scientist displaying the same bullish trend](https://preview.redd.it/hldaa7og2lh71.png?width=1200&format=png&auto=webp&s=d3fdc7f29bbc8d232e51494e81f97b78ef5025f3) + +Just when we thought we thought the case was solved, a member of this community reached out anonymously and provided us with this. + +[This image showing a basic continuation trend, trading sideways I wonder why?](https://preview.redd.it/r98w6vgw2lh71.png?width=1194&format=png&auto=webp&s=5b2ec3a1df2b3264f9e17891b7f70e925d7a444e) + +Based on current trends I think we will be seeing more evidence in the next few weeks as the price begins to climb and bets are laid on the table so to speak. + +I think ultimately we have gotten nowhere, but this is what I have so far, maybe you guys can help me expand this thesis? + +[Rick\_of\_Spades Thesis ](https://preview.redd.it/jguic2455lh71.png?width=1452&format=png&auto=webp&s=2c6cab2cbb67fe34abad9d6e481b0329d2f233f9) + +Hopefully the community can come together as I have seen so many times in the past and solve this mystery for all apes so we can eat our bananas in peace without wondering if we should wash them first. + +A huge thanks to @ stupidc\*nt and @ dancanidaho for the assistance in this research + +\^ /s + +Now for the Technical DD + +As always I will post a consolidated [Video DD of this on my YouTube](https://www.youtube.com/c/PickleFinancial) for those of you that don't have the time to read through this, or have visual impairments/reading comprehension issues. This will be uploaded by... + +11pm EDT/UTC-4 + +# Part II: Technical Analysis + +**Section 1: Previous Analysis** + +So let's take a look at our expected trend for last week and where we actually ended up. This is the bearish trend prediction from last week overlaid on the actual movement. While a test of 180 was expect and then a return to 162.5 by the end of the week only one of those came true. As volume never came in the expected breakout got stifled at 166.90. GME did however close out the week above the $160 max pain which is pretty significant going into this coming week as the trend begins too look more bullish and this bounce continues to confirm. + +[Expected price action in red transparent bars](https://preview.redd.it/8mfdtiv88lh71.png?width=2192&format=png&auto=webp&s=8c55943471ea6018e4426a6a8891acc1da9a034f) + +**Section 2: The Ascending Triangle** + +We have continued to follow the Ascending Triangle formation that we have been watching. We had really weak bounce last week but a bounce all the same. The low liquidity and subsequently low volume means that we are following these trends but the range of movement is stifled. This week really doesn't look like there will be any negative trend to speak of so lets see if we can analyze the forward moving price action but maybe reduce expectations to compensate for the lack of volume. It should look something like this. + +[Possible Price action based on historic trends, volatility has been reduced to compensate for low volume.](https://preview.redd.it/lrxw0hl3elh71.png?width=2455&format=png&auto=webp&s=706e197b12779dd10123399438a92e8b21f30c02) + +If volume continues to trickle off and none comes in toward the end of the week, we may see something like this occur. + +[Low volume and volatility trend](https://preview.redd.it/njisi08uelh71.png?width=2451&format=png&auto=webp&s=8768572e82d6861d381b245e835291c54225080f) + +Lastly just an overview of the whole formation + +https://preview.redd.it/666xorg7flh71.png?width=2449&format=png&auto=webp&s=12dc4c229923cf545e4e8a14cf29c75d405bafdb + +Since we are looking at a multiple scenario outcome again lets see if our indicators can give some idea of which is more likely. + +**Section 3 : Other Indicators (oscillators)** + +**MACD** + +MACD crossed over pretty convincingly this week. With some decent divergence of the signal line it does not look "false" like the last crossover event. This is solid bullish signal indicating the we should be seeing an uptick in volume and volatility moving forward. One other note MACD has never crossed over so far below the zero line, this could mean that the upside movement may be explosive. + +[MACD crossover on the 1D](https://preview.redd.it/v466sd71hlh71.png?width=1645&format=png&auto=webp&s=016165136e39fd5d2f6133bbd8e75bfb6383d184) + +**Stochastic RSI** + +There is a D-K crossover currently on StochRSI it's weak and I expect it to continue to break to the upside, but it could indicate a bit of a flat week ahead. This is generally a bearish signal but because I have smoothed out StochRSI so much this could just indicate a break in the short-term up trend. + +[StochRSI on the 1D with 14\/14\/21\/21 smoothing](https://preview.redd.it/pylko1h6jlh71.png?width=1644&format=png&auto=webp&s=2e8c5c6b638416460f53584b8d058fa4d7824390) + +**BBKC Squeeze** + +Well BBKC fired on the one day as of Friday indicating incoming volume and volatility coming in. We actually had a signal on this indicator a few weeks ago unfortunately the direction that it broke out wasn't ideal. This can be determined by using TTM squeeze or looking at MACD. Since MACD is pointing up and TTM looks ready for a turn to the upside. I expect this to play out positively. + +[BBKC and TTM Squeezes on 1D Timescale](https://preview.redd.it/wsu3r3flmlh71.png?width=2464&format=png&auto=webp&s=aeb885792347078a14bae0c63a24dc89bb00be16) + +**RSI** + +RSI is continuing to look strong after that bounce on YTD lows indicating more uptrend is in store for us as we head back up towards overbought. + +[Bullish trend continues on 1D RSI 6\/14](https://preview.redd.it/h6xr6x79nlh71.png?width=1641&format=png&auto=webp&s=fd4fa7ffcd70f1748f535ce53724e22021b25f45) + +**SECTION 4: Technical Conclusions** + +It looks like we may see a flat day or two but volume and volatility are definitely coming. It looks like the first of the two trends is more likely but there is some indication that we could have a few flat days ahead. + +TLDR; We could trade fairly flat in the current support resistance channel but if volume comes, and it is expected, we are going up...fast. + +# Part 3: The Market + +Edit 1\* Also Military Industrial Complex go BRRRRRRRRRRR! + +Not a lot to say here this week I expect the exuberance of the infrastructure bill to continue to cement confidence in the market in the short term as the warning signs become more and more apparent. The market currently feels like a bull that is running straight into a wall. + +https://preview.redd.it/yllava5xolh71.png?width=259&format=png&auto=webp&s=33173ba462c1ea7eac438661ed6fe6573f2fad4d + +Either way I'll continue to update correction zones and let you know about the P/E till I see a change in sentiment. + +[Current correction indicator](https://preview.redd.it/a86ponhbplh71.png?width=1642&format=png&auto=webp&s=c0069c79bcbf3fedabe37816f94ecf7fb98e005e) + +&#x200B; + +[Shiller Index or P\/E up .27 from last week. ](https://preview.redd.it/h3wsf8llplh71.png?width=1034&format=png&auto=webp&s=a9a4e549622085fac7cdf8815ef053948b937bbe) + +# PART IV: Conclusion + +The Market continues to chug along in complete ignorance of it over-valuation constantly chasing that next sweet, sweet, hit of liquidity. GME on the other hand is looking pretty good. We have a lot of indication that volume will be picking up in the next few weeks as we prepare to move towards our next test of that 350 resistance. But I think the question on everyone's mind is, will it be the last test? As the liquidity dries up, bid/ask widens, and apes continue to buy and hold. + +It really is starting to look like the only thing ahead is up... + +If you want to see more information on this subject matter feel free to join me in the : + +If you missed my [Discussion on the GameStop thesis with Tradespotting check it out here](https://www.youtube.com/watch?v=kT-8XqqQcug) + +Daily Live charting (always under my profile [u/gherkinit](https://www.reddit.com/u/gherkinit/)) from 8:45am - 4pm EDT on trading days + +Join me, on my [YouTube Live Stream](https://www.youtube.com/c/PickleFinancial) from 9am - 4pm EDT on trading days\* + +If you want to assist in my Rick\_of\_Spades DD or love WhaleTeeth^(TM) Check out my [Discord](https://discord.gg/BGmjnrvHnw) + +**As always thanks for following along.** + +🦍❤️ + +\- Gherkinit + +**Disclaimer** + +*\* Although my profession is day trading, I in no way endorse day-trading of GME not only does it present significant risk, it can delay the squeeze. If are one of the people that use this information to day trade this stock, I hope you sell at resistance then it turns around and gaps up to $500. :)* + +*\*My YouTube channel is "monetized" if that is something you are uncomfortable with, I understand, while I wouldn't say I profit greatly from the views, I do suggest you use ad-block when viewing it if you feel so compelled.* *My intention is simply benefit this community. For those that find value in and feel compelled to reward my work, I thank you. For those that do not I encourage you to enjoy the content. As always this information is intended to be free to everyone.* + +\**This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.* + +\* *No position is worth your life and debt can always be repaid. Please if you need help reach out this community is here for you. Also the NSPL Phone: 800-273-8255 Hours: Available 24 hours. Languages: English, Spanish.* [*Learn more*](https://suicidepreventionlifeline.org/) +Today was my first day trading a live account. Made $58, i am so happy! My heart was beating so fast when i pushed the buy button for the first time. 2 trades, reached my $50 goal. + In my case, trading bot usage is almost unheard of because most places just do not allow it. I learned about trading bots and registered for those that provided free access just for curiosity and tried [Breaking Equity](https://www.breakingequity.com/) and [Streak World](https://streak.world/) which both don’t require coding and should be simple to get started. + +And for me, trading bots are just tools. The devs create the tool, let customers try it, experiment with it and collect data on which setups are making money, then you copy, and you profit. With this though, you could also make money by selling the data that is being collected. + +The user configures the requirements and how the bot will behave. You must modify them to reflect the current market cycle. If you play your cards right, then PROFIT! But if you don’t, you can get a 0 balance very quickly depending on the risk. As a result, it isn’t hands-free. + +The main advantage of having a bot is the ability to execute a plan 24/7. It offers you more control over your portfolio and "does it for you," but a strategy is still required. We must also keep in mind that no bot is ever truly perfect which is why the devs keep improving them with updates. + +I still recommend that people also do coding. Examples are like [Trality](https://www.trality.com/) which is Python-based and Python is one of the easiest languages to learn. And [Trade Ideas](https://www.trade-ideas.com/) which has been around since 2002. + +And so with that, definitely trading bots are worth it **if you use it as a tool**. If you want to use a bot effectively, you must already be skilled at trading without using a bot. Some bots may be useful in certain market scenarios. With the default settings, no bot will continuously make you money. + +So learn and practice the strategy that is best for you and only then go live. +I’ll just say this, when I trade and barely check charts and let days pass for a setup to cook up I tend to be more profitable than when I’m constantly looking at the screen looking for a setup each and everyday. Anybody experience this? I blown my 1k acc down to 500 but it’s back to 1k. In that timeframe when I blew it to 500 I was constantly looking for a setup. But in the timeframe of me building it back up I was away from the charts more than before and my psychology is more patient now. +Can someone make a case against this company? + +Monthly div., great yield, what gives? + +I have 1000 shares, but it doesn’t seem to be the darling of this sub’s portfolio that it is for me. Am I missing something obvious? Or is it just under-appreciated? +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/ywAGqfUAQE) +Your markets are run by bots. Now your Weekend threads are too[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people. + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/EKU2tVBp9u) +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +Your markets are run by bots. Now your daily threads are too. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](http://discord.gg/2sQBNuM) +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/EKU2tVBp9u). +So it looks like this global recession is going to pop off because everything I hold has gone to shit. + +In the GFC and COVID crash, when China is in trouble they just buy heaps of iron ore and it's good for our boomer stonks and AUD. + +I'm moving overseas where everything is pegged off the freedom buck so I'm shelving this Hopium to keep me optimistic. Anyone want to destroy my last bit of hope and tell me why I'm wrong or 'this time is different'? +Your markets are run by bots. Now your Weekend threads are too[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people. + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +Your markets are run by bots. Now your Weekend threads are too[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people. + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +Just a quick update to say thanks to everyone who commented on my previous post. + +Thanks to the advice here, I pulled out my savings to pay off the dreaded credit cards (what a relief!) one has been cancelled and the other will be once I’ve saved some more back. NEVER getting a credit card again. + +I’ve also reached out to a mortgage broker. Thanks to the ones that pm’d me, but I’ve gone with a local one who knows the area. + +I’ve also been going through our bank accounts to track exactly where our money’s been going. I thought I had a pretty good handle on it but some areas had slowly blown out A LOT. Once those are addressed we should get to our goal even sooner than hoped. + +So thanks r/ausfinance. + +Hopefully I’ll be back sooner rather than later to ask dumb questions about the buying process. +Hi PF! + + +Frequent lurker, second time poster here. +I posted a few years ago to thank you after I got out of horrible debt situation. + + +Today, I earn much more and I am almost completely debt free, but not much saved (some pension and 1-month emergency fund) + +Now, August was the first month I actually used a spreadsheet to track my expenses and man, did it come with many surprises. + +Just the fact of seeing how much I spent on ordering food compared to how much it costs to cook a meal will make me never order again (plus the quality is better). + + +Also, impulse purchases, dear lord, more than 15% of my income. I realized now why I'm left with little to no money on payday, but I'm slowly starting to get into a habbit on paying myself first. + + +For anyone who's just starting out, track and budget your expenses people, it makes a huge diffetence. I wish I started this 10 years ago. + + + +EDIT: +Thank you for such an amazing and unexpected response! +I really hope this inspires others to start tracking and budgeting. +Many people have asked me which sheet did I use - I changed it into a template in English (not my first language). +If you copy it, you will see categories have a drop down menu, they can be changed. I hope it helps someone. + + +https://docs.google.com/spreadsheets/d/1mHvuNQSSCCsu_8s3k6kZWA1fr0d3DSAKQyCS2ZVCF_w/edit?usp=sharing + + +Let me know your feedback, happy to change a thing or two. +I hope it helps someone. +For some, this may be pretty standard already. But I noticed that I've been in the habit of convincing myself I need to buy something. Most times it goes unnoticed: you find a good watch that's reasonably priced, and because I can afford it and I've convinced myself it's "reasonably priced" then I make the purchase. + +That, I realized, was me in a short-circuit decision-making process. In a much longer process, which is likewise a bad habit, is me deciding I need to buy a Macbook Air because my Macbook Pro is heavier -- and because I need the Air so I can run a venture while in transit. That's me trying to convince myself. + +As a way to manage this better, everytime in the tipping point of making a buy decision, I check myself if I'm spending time to convince myself -- ie I need a new Allen Edmonds pair for this business meeting with a new client. That's me making stuff up to convince myself I need one. So, these days - I make a concious effort to stop. + +This may be a no-brainer for some, but for people prone to making these impulse buys (where we are convinced they were pretty smart buys), this is, to a degree, a HUGE step already. + +The next step is to plan my purchases a week or a month in advance. Hoping it develops into a habit to make more "strategic buys" +I own a duplex worth $750k , I’m into it 440k. It gets 3400 a month in rents. Taxes are $4500 and insurance is $900 a year. It had a cosmetic remodel but needs about $25,000 in windows and adding AC, it’s from 1997. + +My current home is also owned outright. It’s a 2021 build, I payed $415k and can sell it for 500k even in this market, the other new ones are listed at 600k and I have better views. + +I’m looking to buy a 700k ranch property with 5 acres. + +I have- +Job paying 80k salary plus bonus, been here one year. + +$50,000 in bank + +$20,000 in investment + +$200,000 in cars owned outright I can sell if I have to. + +Preapproval for loan up to 350k at 7% + + +What is the smartest move to get the new place? + +Selling my current home for 500k and taking a mortgage for the rest. + +Selling the duplex and buying new home outright. + +Keeping both and doing a heloc or something. + + +Thanks!!! +In 2013 and 2017, my grandma called me to ask me "what bitcoin is" at the peak of bitcoin's bull run. Both times after she called, crypto crashed. It's my best technical indicator. + +Don't worry, she didn't call me yet. The crypto bull run will continue. +I'm 17 and got my first job a while back and will be getting my first paycheck soon. I make $12.50 an hour and I don't know how much is going to he taken out in taxes, but I have a vague idea. + +My plan was to put 20% of what I get into a savings account I have. + +Is that a good amount to put in? +Instead of spending 10 minutes talking about your technical issues, maybe you can do a segment on: + + + +1) How price discovery, and supply and demand, are supposed to work when 70 million $GME shares (and counting!) have been moved from Beneficially-owned shares (Cede and Co) to Registered-ownership shares due to Direct Registration (DRS) + + + +2) How the DTCC committed international securities fraud by mishandling the $GME stock split VIA DIVIDEND. + + + +3) Say Superstonk - I dare you + + + + +🖕😁🖕 + + + + + +💎🙌🦍🚀 + + +Edit1 - 70 million shares derp! + +Edit2 - My first self harm message!! You guys shouldn’t have!!! 🙃🙂🙃🙂🫰 + + +Edit3 - Holy monkee balls thanks for the awards lol!! Didn’t think this would get any traction!! Now it’s leaving skid marks in Cramer’s tighty whities! +Guten Tag to this global band of Apes! 👋🦍 + +As I'm sure you are all aware, GameStop announced that there will be a stock dividend issued after close on July 21st to shareholders as of July 18th. +The dividend will issue 3 shares for each 1 share held, so we can all expect to have 4x as many shares as of the 22nd. +While this is a move that has been coming for a very long time, it is great to see it put into motion. +The method in which it will be implemented is important. +GameStop will be distributing 3 new shares for every 1 registered share. +With a short interest well above the float (and a large portion of the float held at ComputerShare), there is no way for these new shares to cover the dividend owed to all GME holders. +There will be a mad scramble around the split date, and I cannot wait to see how it plays out. + +Of course, this is all what we've been looking forward to for a very long time. +While I reserve some skepticism that this will guarantee the MOASS, the examples of the past where such stock dividends led to wide-scale attempts to close short positions has me hopeful. +The after-hours price action certainly indicates to me that this news has triggered some buys, though it is impossible to say whether that is to close shorts or because of bullish sentiment. +Here is what I do know: I continue to love this stock, and am eager to have another 'X' representing the size of my position. +Now let's see how the German markets react to this news! + +Today is Thursday, July 7th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟩 120 minutes in: **$131.35 / 127,65 €** *(volume: 23741)* +- ⬜ 115 minutes in: $131.24 / 127,54 € *(volume: 23466)* +- 🟩 110 minutes in: $131.24 / 127,54 € *(volume: 23390)* +- 🟥 105 minutes in: $131.17 / 127,47 € *(volume: 23125)* +- 🟩 100 minutes in: $131.33 / 127,62 € *(volume: 23014)* +- 🟩 95 minutes in: $131.16 / 127,46 € *(volume: 22527)* +- 🟩 90 minutes in: $130.42 / 126,75 € *(volume: 21754)* +- 🟩 85 minutes in: $129.58 / 125,93 € *(volume: 20894)* +- 🟩 80 minutes in: $129.47 / 125,83 € *(volume: 19885)* +- 🟩 75 minutes in: $129.45 / 125,80 € *(volume: 19645)* +- 🟥 70 minutes in: $129.25 / 125,61 € *(volume: 19282)* +- 🟥 65 minutes in: $129.54 / 125,88 € *(volume: 18510)* +- 🟥 60 minutes in: $131.58 / 127,87 € *(volume: 17964)* +- 🟩 55 minutes in: $132.21 / 128,49 € *(volume: 16848)* +- 🟥 50 minutes in: $132.19 / 128,46 € *(volume: 15958)* +- 🟩 45 minutes in: $132.25 / 128,53 € *(volume: 15674)* +- 🟥 40 minutes in: $132.14 / 128,42 € *(volume: 14941)* +- 🟩 35 minutes in: $132.62 / 128,88 € *(volume: 13683)* +- 🟩 30 minutes in: $131.58 / 127,87 € *(volume: 12148)* +- 🟩 25 minutes in: $129.33 / 125,69 € *(volume: 10091)* +- 🟩 20 minutes in: $128.08 / 124,47 € *(volume: 8997)* +- 🟩 15 minutes in: $126.92 / 123,34 € *(volume: 8263)* +- 🟥 10 minutes in: $126.72 / 123,14 € *(volume: 7845)* +- 🟥 5 minutes in: $129.94 / 126,28 € *(volume: 4889)* +- 🟩 0 minutes in: $131.56 / 127,85 € *(volume: 2389)* +- 🟥 US close price: $117.43 / 114,12 € *($127.90 / 124,30 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.029. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +I’m trying to learn here so I need help understanding something. Now, I know people who have retired early off of just 4 properties but I’ve watched many videos of people claiming they’ve done 10+ and are multimillionaires. My question is where did they get the capital/loans from? Buy first house, invest in repairs, rent it out, get some cash flow and you’re probably looking close to 10% on your money right? Cool. Now your second home is 80% loaned (if you can get away with “intending” to live there). So maybe you get a HELOC or raise the money but either way it’s a loaned house. Fine. But how would you do 3, 4, 5 houses? What bank would be ok with using all of these already loaned houses as collateral and double/triple risking themselves? You’d be $3,000,000 in debt. The math doesn’t add up to me. Perhaps someone could enlighten me. +GameStop will release second quarter fiscal 2022 results after the market closes on Wednesday, September 7, 2022. + +~~Investor conference call at 5:00 pm ET~~ + +The call has concluded + +# This call and all supplemental information can be accessed on GameStop’s investor relations website: [https://investor.gamestop.com](https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Finvestor.gamestop.com&esheet=52828771&newsitemid=20220825005591&lan=en-US&anchor=https%3A%2F%2Finvestor.gamestop.com&index=1&md5=76b2c97ae13238560dddbfd873322f11) + +# You can [read the transcript of the call on this post](https://www.reddit.com/r/Superstonk/comments/x8iaio/gamestop_2022_q2_earnings_transcription/) + +💎👆Shout-out to [u/Lateralus06](https://www.reddit.com/user/Lateralus06/) + +~~The phone number for the investor conference call is 1-877-407-6169 and the confirmation code is 13732487.~~ + +A recording of the conference call will be made available on the Company’s investor relations website. + +&#x200B; + +Links from the Daily Thread: + +🧚 [How to edit your userflair on Superstonk](https://www.reddit.com/r/Superstonk/comments/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/) + +📚 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/x3byy4/drscomputershare_megathread_092022/) + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +🏴‍☠️ [NFT Marketplace & Wallet Megathread](https://www.reddit.com/r/Superstonk/comments/vluysg/gamestop_nft_marketplace_wallet_megathread/) + +>Why is GameStop getting into NFTs? *WTF* even is an NFT? How do I set up a GameStop Wallet? How do I get a cool/custom wallet address? All these questions and more are answered here! + +🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +&#x200B; + +*Reddit: “Your title has a typo, it should be Megathread.”* + +*Me: “No no, I’m right. It should be* [*MGGA*](https://twitter.com/ryancohen/status/1454841759104749574)*thread.”* + +Edit: + +>USER REPORTS +> +>1: MGGA??? Are you serious? Gtfo w that shit. + +lmayo y'all are predictable +You can get it for 6 dollars instead of the normal 13. I didn't know this was a thing until this morning so I figured I would share for anyone who was unaware like I was. I could have been saving 6 bucks a month this whole time! + +Edit: [Here is the page to sign up](https://amazon.com/qualify) for those interested. Looks like you just need to upload a pic of your EBT card as proof. + +Mods, I hope this isn't against the rules, please let me know if so and I will gladly take it down. +I'm 25 years old making $72k/year. I've got $40k saved in a HYSA (and like $30k total in my 401k + IRA). I have no college debt and my car is paid off. (EFund is $10k of that $40k) + +For the past few months I've been renting an apartment for $1400/month which I realize is a lot but truthfully this place was the only one that wasn't a total dump that I could find, either way I don't want to be paying for rent anymore and want to be a homeowner. + +Housing in my area can range pretty drastically from $200-500k. I want to buy a house when my lease is up but not sure what I can be able to afford? I've also heard that PMI isn't the end of the world. Any advice is helpful. +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +The problem in an nutshell: + +Somehow a hacker got hold of my Google account password, and used the debit card I have saved as a payment method on Google Play to download and subscribe to an obviously fake app I have never used to a device I don't own, to charge $199.99 to my account. The hacker then submitted a fake review on the app in my name, and put a filter in my Gmail account to prevent me automatically getting the purchase notification from Google Play (which was, when I found it, all in Russian!). I submitted an Unauthorised Payment claim with google which was eventually rejected because they say they "cannot verify" it, despite not once asking me for more information! + +[I have also submitted a longer post with more details and all the steps I have taken on the Google Support forum: (And if anyone wants to visit and upvote the problem to help encourage a hasty resolution, that would be awesome, BTW...)](https://support.google.com/googleplay/thread/77766813?hl=en) + +I have contacted my bank, but they say that though they will look into it to see if they CAN help, this is something I need to deal with Google directly about. + +What further legal steps can I take to resolve this, and get my money back from Google that was stolen from me using their systems? + +Any and all help and advice appreciated. + +Edit: I am in New Zealand, by the way - in case that helps at all. +Yesterday my Mom kicked me out. + +We’ve had a poor relationship for most of my life, and she feels that whenever something good happens to her I ruin it in some way. For the past year leading up to this I’ve rarely been in the house, just as a way to try and avoid the constant conflict. I’ve been in therapy for some time and it’s taken this year to realize that the way she treats me is “abusive,” and my constant paranoia in my own home was not normal. While I was packing my things yesterday she said many hurtful things, telling me I’ll ‘never amount to anything’, she ‘never wanted me’, and I’m ‘the most selfish and dramatic person she’s ever met’. + +Before this happened, I’ve felt I have a lot of things going for me. I’m currently in University, an honours program I’m going into my second year with. I worked a well paying job as a pharmacy technician in high school that allowed me to buy my own car in full, now only needing to worry about insurance. Currently, I am working a casual part-time retail job, a decision I had made to lessen stress so I could focus on studies. Come September I will be commuting to school once again (45 minute drive away) and presumably my hours at my job will go down. + +Right now my boyfriend’s family has taken me in, so I have somewhere to sleep. However, I worry about becoming a nuisance in some way like I was to my own parents. I have another 3 years of University to get through, so I will need to find my own place at some point. + +My biggest fear right now is that I’m going to lose everything. I have an education plan, a job (albeit, not anything special), and a car, but how can I keep this up with costs? Especially considering the eventual need to find my own place to live. + +My savings are fairly minimal. I have about $450 in my account right now, and about $1600 tucked away in another account I don’t have a card to right now. + +I would really appreciate any advice any of you have! + +[TLDR] 18F, Living with boyfriend for time being. Second year in University with a part-time retail job, and a car. Scared of future and eventually being on my own. +US salaries being reduced 30% for Vice Presidents and above, 20% for Directors and above, and 10% for everyone else. Expecting reality to set in the market this week. + +https://www.marketwatch.com/story/tesla-to-furlough-workers-cut-salaries-amid-coronavirus-shutdowns-report-2020-04-07?mod=mw_latestnews + +Edit: while Tesla is down, they’re not down by much and the market is up overall. Conceding my sentiment was mostly wrong. +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +I have been working for an NHS employer (Let’s call it employer A) since 2013 and I have been contributing to the NHS pension scheme. + +I have taken a year out to broaden my experience (employer B, also NHS) from Sept 2020 - Sept 2021 and I have been paying into my NHS pension during my employment with employer B. + +I have returned to working for employer A in Sept 2021 following the year with employer B. +I have been paid monthly by employer A since Sept 2021. + +I have left employer A in Aug 2022 and I am now with another employer (employer C, also NHS) + + +Today I have been reviewing my payslips from Sept 2021-Aug 2022 and I have noticed that employer A had not been taking deductions for pension. + +I rang up payroll today about this and they stated that I “opted out”. + +I don’t think I have ever “opted out”, I understand you need to fill in a form SD502 to send to the employer to formally request/declare this, which I have never done. + +I asked them to show me the proof that I have made a declaration to “opt out” and I am waiting to hear from them. + +I know I should have raised this earlier but I admit I am not the most careful when it comes to finances. + +Is there a way of reversing all the extra PAYE I have paid and turn it back into pension? Or is this unrealistic? + +I know it is only 1 year but still quite a bit of money + +Any help or advice would be greatly appreciated. Thank you in advance +**Edit: To clarify, there is no one else that should have my son's SSN or other personal info. The other parent is not in the picture and my own parents have never claimed my child nor do they have access to any of his info.** + + +Sorry for the long post guys, my head is still spinning... + +So I filed taxes for the first time in two years today (previously unemployed) and went to H&R block at the recommendation of a family member. I'm self-employed so the tax preparer did what seemed to be a fairly straight forward Schedule C. My federal refund came out to $1001 and I owed $353 in state taxes, so I was coming out better than I had anticipated. Then, as we were wrapping up, I was told that my H&R Block fees were $567.95 - yikes! Still, I was coming out a little ahead and took that as a hard lesson learned that I should be better prepared to do my own taxes next year or at least take advantage of other resources that wouldn't take such a huge chunk of my return. + +A couple of hours later I get a phone call from H&R Block to inform me that my refund was rejected because someone else has already claimed my son for the EIC/Child credit. The lady who had prepared my taxes told me that I needed to bring in some documentation proving I was the sole caretaker of my son (she suggested social security card and daycare statements) and she'd give me a letter to send to the IRS along with them. She warned me that my refund would take a "very long time" to come through and that I needed to go ahead and bring her fee this week when I come from the letter. + +Right now I'm panicking and don't even know where to start.. I'm just getting back on my feet and as the sole provider of my kid I don't really have a spare $600 laying around. I guess I have three questions: + +**Is there anyway to get out of paying the H&R Block fee at this point?** I'm thinking the answer is no. I'm going through the paperwork and looking to see if I've signed anything stating that I owe them even if my refund is rejected. I haven't seen anything stating that yet, but I'm sure there's something along those lines in the fine print. Do I have any options other than trying to negotiate for a reduced fee? + +**What do I need to prove that I'm the sole provider for my son?** Any specific documents that would be of help? Is there anything I can do to speed up this process? Can I keep this from happening again? I'm really curious about how my son's information was found in the first place... his father has never been in the picture and has no knowledge or access to any of our personal info. + +**How worried to I need to be about my son's financial identity being used in other fraudulent ways?** As soon as I post this I'm going to pull his credit reports and look for anything suspicious (he's four, so they should be totally blank right?) and I'm considering putting a freeze on them. Are there any other steps I should take to protect his identity? + +**tl;dr Someone has claimed my son as a dependent on their taxes so H&R Block is asking for their filing fees upfront - which I don't have. How do I prove that my son is my dependent, protect his identity and wiggle my way out of the outrageous fees H&R Block wants?** +[OCC Member Directory](https://www.theocc.com/company-information/member-directory) was recently updated (Sept 20, 2022) to list a new Clearing Member, **Embed Clearing LLC** [(https://embed.com/)](https://embed.com/)**,** authorized for Equity Options & Index Options. + +* [FINRA Broker Check](https://brokercheck.finra.org/firm/summary/309519) +* [LinkedIn](https://www.linkedin.com/company/embedfi/) +* [SEC Report](https://sec.report/CIK/0001815859) + +Apologies I don't have a lot of time at the moment so I could only do a quick search. It looks like **Embed Clearing may be affiliated with FTX**: + +>CHICAGO, June 21, 2022 /PRNewswire/ -- West Realm Shires Inc. ("**FTX US**" or "the Company") today announced the acquisition of Embed Financial Technologies Inc., including its wholly-owned subsidiary **Embed Clearing LLC** ("Embed"), a new **FINRA, DTC, NSCC, Nasdaq, and IEX member clearing firm**. +> +>[FTX US Acquires Clearing Firm Embed to Enhance FTX Stocks (PR NewsWire)](https://www.prnewswire.com/news-releases/ftx-us-acquires-clearing-firm-embed-to-enhance-ftx-stocks-301572039.html) + +West Realm Shires appears to be Doing Business As (DBA) **FTX US**. ([Intelligence360.news](https://www.intelligence360.news/west-realm-shires-services-dba-ftx-us-to-spend-1200000-00-to-expand-into-new-space-in-chicago-illinois/)): + +>**WEST REALM SHIRES** SERVICES DBA **FTX US** TO SPEND $1,200,000.00 TO EXPAND INTO NEW SPACE IN CHICAGO ILLINOIS +Chicago, Illinois — According to state and local economic development sources West Realm Shires Services dba FTX US plans to invest $1,200,000.00 to build out new space in Chicago. The company plans to occupy the new space at [167 N Green St in Chicago](https://www.google.com/maps/place/167+N+Green+St,+Chicago,+IL+60607/), on or about August 1, 2022. + +Also, this public [PDF](https://assets.website-files.com/625f3cf193eb0bdbf6469cba/628eab2f96fde347cc283675_FTX%20Regulation%20and%20Licensure%20Information.pdf) says: + +https://preview.redd.it/xpvrq36rqhq91.png?width=1378&format=png&auto=webp&s=b11b038537c3d9d2a5f80f51ad0e1f7ff9615b29 + +So I'm thinking this is very likely the same [FTX that GameStop is partnered with](https://investor.gamestop.com/news-releases/news-release-details/gamestop-forms-partnership-ftx): + +>GRAPEVINE, Texas--(BUSINESS WIRE)--Sep. 7, 2022-- GameStop Corp. (NYSE: GME) (“GameStop” or the “Company”) today announced that it has entered into a partnership with **FTX US (“FTX”)**. The partnership is intended to introduce more GameStop customers to FTX’s community and its marketplaces for digital assets. In addition to collaborating with FTX on new ecommerce and online marketing initiatives, GameStop will begin carrying FTX gift cards in select stores. +> +>During the term of the partnership, GameStop will be FTX’s preferred retail partner in the United States. + +🌶🌶🌶🌶🌶🌶🌶🌶🌶🌶🌶🌶🌶🌶🌶🌶🌶🌶🌶🌶🌶 + +**GameStop** partnered with **West Realm Shires / FTX US** who owns **Embed Clearing** a new **FINRA, DTC, NSCC, Nasdaq, and IEX member clearing firm** that is also now an **OCC member clearing firm.** + +🌶🌶🌶🌶🌶🌶🌶🌶🌶🌶🌶🌶🌶🌶🌶🌶🌶🌶🌶🌶🌶 +So I started digging today. I made a DD and then bounced it off of u/additional-ad5055. I think I have started to scratch the surface on why RRP has been huge this year and how that points to a major liquidity crisis. I apologize for mistakes or format issues, this is done all on my phone. + +https://i.imgur.com/tecXFiM.jpg + +London Inter-Bank Offered Rate (LIBOR) is the rate at which banks lend to each other. A rate that a lot of different financial instruments are based on. + + https://en.m.wikipedia.org/wiki/Libor + +Secured Overnight Financing Rate (SOFR) is the new rate based off of the fed Overnight repo rate. + + +https://en.m.wikipedia.org/wiki/SOFR + + +https://i.imgur.com/jTjkm9m.jpg + +I don’t know why they care about loans maturing in 2023 because SOFR kicks in January 1st 2022. So I’m thinking the exposure is a lot higher for 2021. + +https://i.imgur.com/1d1yofZ.jpg + +Regardless there is a shit ton of loans based on the LIBOR rate. + +https://i.imgur.com/I6Yp8NP.jpg + +Banks will not be able to use LIBOR as of January 1st. + +https://i.imgur.com/NarxNlS.jpg + +Almost all loans will transfer to SOFR rate except for in loans where they “lack ARRC standard language.��� + +https://i.imgur.com/K7OFNQ1.jpg + +Those will be transferred to the ABR which is .50% above the federal funds effective rate. + +https://i.imgur.com/4cSnWan.png + +The top 25 banks hold $250 trillion in derivatives on their balance sheets. Yikes. + +https://i.imgur.com/AuR8SOB.jpg + + Notice JP Morgan has the most derivatives on its books at 52.6 Trillion. Side note Goldman’s 200:1 ratio of derivatives to assets is just funny. A true YOLO. + +https://i.imgur.com/gkGSKWo.jpg + +JP Morgan you say? But there’s no way they’re still doing this… + +https://i.imgur.com/aUrDmLM.jpg + +Already went over all of the financial instruments that rely on LIBOR but wanted to remind you because…. + +https://i.imgur.com/ZctBAWz.jpg + +…the fine paid for manipulating LIBOR is essentially the cost of doing business. So yea they probably are still doing this. + +https://i.imgur.com/jRHAfjN.png + +Credit risk as in if you colluded with the rest of the banks to manipulate the rates for a profit. + +https://i.imgur.com/iu6wnWf.jpg + +https://i.imgur.com/T1RaNLJ.jpg + +The LIBOR and SOFR rates are pretty close but historically SOFR is a lot more volatile. + +https://i.imgur.com/jIvm42O.png + +See how I’m 2019 the rate spiked up? + +https://i.imgur.com/9vpfAa1.jpg + +https://i.imgur.com/GYviIuL.jpg + +So if there’s a Liquidity problem shit will hit the fan with SOFR and will need liquidity injected by the fed to calm the market. + +u/sharkbaitlol touches on how the transition almost imploded the market. + + +https://www.reddit.com/r/Superstonk/comments/mseyai/chaos_theory_the_final_connection/?utm_source=share&amp;amp;amp;utm_medium=ios_app&amp;amp;amp;utm_name=iossmf + + +https://i.imgur.com/ej7NkYq.jpg + +Ok. This is what scares me. The volume that caused a massive spike in 2019 was a little over $1 trillion. Scroll back and look at how many loans need to switch to SOFR. That’s right. $223 Trillion worth. + +https://i.imgur.com/kPqpGOA.jpg + +They have been prepping for this but will it be enough? + +https://i.imgur.com/xAZrZPv.jpg + +https://i.imgur.com/WR8BBTT.jpg + +Especially with inflation so high caused by injecting liquidity like crazy. +SPECULATION: They won’t be able to stop a crisis without sending the USD on the fast track to zero. Remember when I showed how big banks manipulated the rates? That also makes me think that going from a rate that has “credit risk” to a secure rate will mean those banks committing fraud will be caught with thier pants down causing a liquidity crisis. + +https://i.imgur.com/9UnQW6e.jpg + +My theory is that SOFR is the reason for the reverse repo market surge all year. Banks need to stockpile cash for the transition. ONRRP allows them to do this and still use treasuries as collateral to invest everyday. They need it and can’t lock it up. The fed is paying them a small return to hold this in the ON RRP market until the transition. I think around December 31st the RRP will go to zero while banks scramble for cash at the deadline. So that means the treasury shortage will become an even bigger issue. + + +TADR: LIBOR is transitioning to SOFR. SOFR is determined based on the feds overnight repo markets rate. This will be the rate that most financial instruments rates are based off of (bonds,mortgages, derivatives, student loans, etc.). This has been a 7 year transition and the deadline is December 31st. This is a big mess especially because of MASSIVE derivatives exposure($223 Trillion). I am speculating that this is the reason for the massive RRP all year. + + +My theory is all speculation. Looking for smarter apes to dive deeper here with me. +Background: My wife and I purchased our first SFH rental property in July of this year. We put 15% down on it and this + closing costs consumed about 75% of our liquid savings. We had to put about 5% of the property's value into repairs before listing it, but we were able to float this across the slush from 2 paychecks. + +Interest in this class C area was high, and I posted here about the large amount of interest we got, although from a series of not-the-greatest applicants; but the ones we selected signed a 2 year lease and have, over the limited time of the last 2 months, paid on time and only done one stupid thing to the property that was easily fixed. The monthly CoC return on this property is about 30%. + +We live pretty frugally, so we've built our savings back up to the point where 15% on another similarly-priced rental property in the same neighborhood would consume our entire savings, but should we want to solidify those funds, we could technically afford to push forward on a second one. My question to you all is... should we? Is buying now a smart move, even if it consumes all of our cash savings (we have stocks and CDs and stuff we could liquefy if our personal shit hit the fan), or should we wait for what some people predict is a dip/crash in the next 12-18 months? Or should we wait until our cash savings is a little more bulky and/or we have more than 2 months' experience in this game before deciding if we want to move forward? + +Thanks for any and all feedback. +A little bit of background first. + +I'm a 22 y/o male living with my girlfriend in an apartment about 25 mins from Pittsburgh. I just graduated with my master's degree last summer, and started my full time job in September. My salary is $50k/year and receive bi-monthly paychecks of about $1,450. After all of my bills and necessary expenses I have about $100 - $200 leftover to save / invest per pay. I have a 401k which contributes about $155 per pay period (including match). + +What kinds of things should I be doing to start wealth building early? Where should I be putting my money? Any tips or advice on anything related are welcome. +Hey everyone, + +I checked my credit score today and saw a bill had been pushed to collections on transunion from a doctors visit about 6 months ago. I never received a bill regarding my visit. How should I proceed? Should I call the doctors office directly or just work through whatever agency this is. The bill is only $86 so I will just pay it in full. Any help with this is greatly appreciated. + + +Edit: Everyone, thanks for your advice. I called the doctors office and they had the correct address, but the bills were never reaching that address. Unfortunately the billing time was literally right around the time my parents were moving from the address. Collections have been cancelled now that it is paid in full and will be off my credit score next month. +The conventional wisdom is that, as you get older, your allocation to stocks should go down while your allocation to cash and bonds should increase. However, if you have a large nest egg and can fund your annual expenses with a small percentage of your net worth, does this approach make sense? Wouldn't it be better to invest heavily in equities to benefit from the longer-term expected outperformance relative to bonds, knowing that you wouldn't have to sell (much) during market declines? For instance, if you can live off of 2% of your investments, which approximates the dividend yield of the S&P 500, why not just be 100% stocks? +Hellooooo beautiful Apes!!! + +So recently I've been getting notifications on past DD and people reposting some of my writings. I decided to just make a master summary of all my DD and recconnect some dots looking back in hindsight to zoom out and see the bigger picture. + +I'll keep it short as possible and I won't use any big words if I can help it so anyone at any level can understand everything. + +My first actual DD was posted in the OG ball street vet sub. + +I can't link to it because of Automod but it was titled: + +**Theory: Gamestop was in the process of going bankrupt, JP Morgan, Goldman Sachs and Melvin were in the process of profiting from inside information obtained from GME real estate division.** + +I wrote that last January and it got 18k upvotes and hit front page. And then the mods literally made me my own flair. + +"Shitpost masquerading as DD". + +They banned me not long after. That's when I knew I was on to something. + +The TL;DR was: + +>Short end of it, I think Gamestop was in the process of closing everything down and I think the real estate division were giving Melvin inside information which is why they went so heavy on the shorts to begin with. + +**Looking back on it I was absolutely fucking right lmao But it wasn't the real estate division, it was deeper. It was all the sleeper agents that RC fired from the board and the former CEO.** + +Next DD was + +[DTCC and Citadel intimately connected to a firm called Price Waterhouse Coopers which profited 322M from Lehman's collapse.](https://www.reddit.com/r/Superstonk/comments/n5yxpd/dtcc_and_citadel_intimately_connected_to_a_firm/) + +The TL;DR was: + +>A company called PwC profited 322M Euros off the collapse of Lehman Brother's. This company had many many employees who went from working at PwC straight to DTCC and Citadel. PwC is 12 minutes walk from Citadel. The head of DTCC Michael Bodson used to work at PwC and Morgan Stanley and Bear Stearns. He started working for DTCC the same month banks started to shit themselves, March 2007. +> +>Gamestop is 2008 pt 2. Same players. Same tactics. Same strategies. Different company names. The end is near for all of them and they're most likely all freaking the fuck out worse than we thought. HODL. + +**Looking back on it, I was digging down a rabbit hole deeper than I ever thought I would find. Many people said just because there are people transferring from one company to another doesn't mean anything. Except for the fact that Citadel can keep former employees on payroll and no one will ever know about it.** + +Queue my next DD: + +[Rolling in the Deep Dive: Hiding money in the Cayman Islands is back on the menu boys. Bribes and memes. Return Swap money trail and suspicious rule exemptions from keeping records of any kind. Hedgies are... well you know.](https://www.reddit.com/r/Superstonk/comments/pcklz0/rolling_in_the_deep_dive_hiding_money_in_the/) + +The TL;DR was: + +> TL;DR pt 1: Citadel filed for and was granted by the SEC, exemption from the 1940 Investment Company Act which has a bunch of rules. They're able to manage "investment vehicles" privately without filing, allowed to not keep records of anything or any transaction. Allowed to take money from basically anyone, or pay anyone off and call them an employee and not record anything about it. And allowed to keep people on a sort of payroll even after they leave the company and get jobs in high ranking facilities. +> +>Basically exemption from this 1940 act allows them to do anything they want and get away with it. +> +>TL;DR pt 2: +> +>Citadel can technically be selling shares of itself to itself in the Cayman Islands to hide money according to the rules and exemptions which allow them to be confidential buyers of their own securities. + +**Looking back on it, this DD connected the PWC DD together. It showed how corrupt the entire market really is. The SEC, the DTCC, the entire market is designed to let Citadel and friends do what ever the fuck they want.** + +Imagine you're playing Monopoly and one player is allowed to do what ever they want. No rules. They never go to jail. They can pick and choose whichever chance card they want. They can choose what spot they land on and which spot you land on. Charge what ever they want for rent, and never pay you your rent. + +That's the equivalent of what the SEC is allowing Citadel and friends to do with all these exemptions. + +Next DD was proof of the previous one: + +[UPDATE: Found a document basically proving my last DD right. Citadel admitting offshore loopholes allow evading reporting and clearing requirements.](https://www.reddit.com/r/Superstonk/comments/pfetpl/update_found_a_document_basically_proving_my_last/) + +TL;DR was: + +> **TL;DR Proof, by their own words that hedge funds can trade offshore without reporting anything. And Citadel bitched about it because someone else was doing it too lmao** + +Self explanatory really. + +Next DD: + +[ZOMBIES - Found thousands of OTC stocks correlating with GME with huge spikes in volume starting mostly in the last few weeks. Many of them rising from the dead within the last few days. $0 to $0.001 real quick.](https://www.reddit.com/r/Superstonk/comments/ph3bfr/zombies_found_thousands_of_otc_stocks_correlating/) + +With follow up: + +[ZOMBIES pt 2: The Split Shell Chronicles](https://www.reddit.com/r/Superstonk/comments/piitm5/zombies_pt_2_the_split_shell_chronicles/) + +TL;DR + +**For decades Citadel and friends have been shorting companies to the ground and suppressing our economy. Suppressing cures for diseases, technological advances and holding humanity back from evolving.** + +**When you look into these companies, many seem to be shell corporations who existed solely for Citadel to short. It's more than likely that thousands of companies are created just so Citadel can drive them into the ground and go bankrupt. Some never even got off the ground but did well on paper before the bankruptcy.** + +**More than likely there is a system at play to create a company, have it go public, get people to buy into it, short the fuck out of it, declare bankruptcy and keep the profits. Rinse and repeat.** + +**Most of those Zombie stocks were just ponzi schemes.** + +It was my opinion at the time and still is that the Zombie push happened to get retail to FOMO into those stocks because by the time the push on these stocks happened, they were already long. + +Example: Short something from $100 a share to the cellar at $0.0001. Close out. You made $100 a share. Then buy all the shares back from yourself because you're a MM and can make synthetics. Because of the rule exemptions they can value their assets at any price they want so they basically got the company in their portfolio for free. + +Retail FOMOs in and buys them at $0.01 and up, putting money in their pocket on paper to survive another day. + +Next DD: + +[The Loop Capital, Magic Johnson, Credit Suisse and Citadel connection. Awwww snap.](https://www.reddit.com/r/Superstonk/comments/plas24/the_loop_capital_magic_johnson_credit_suisse_and/) + +TL;DR: + + + +>TL;DR Loop Capital and Magic Johnson pays Credit Suisse an unknown amount of money from a 343+ million dollar fund, which has Presidio as an investor. Presidio means a fortress. As does Citadel. Citadel has a Presidio fund with 150 million dollars. Loop Capital = Citadel. +> +>Citadel is long on Academy Sports and Outdoors, Inc along with all the other SHF, and potentially had sleeper agents from ASO on GME's board of directors to run it into the ground, which RC probably knew because he kicked those guys off the board. + +**Looking back on it, with everything we know about the Zombie shit, it feels like most Retail companies in GENERAL may have all been created as fronts. Which is probably why there was a basket of shorts for all of retail and they all moved together prior to GME becoming the only idiosyncratic risk to the system.** + +I'm willing to bet that is the entire system. A flow chart starting with Venture Capital funds literally funding companies that will do well for a while until Citadel shorts them to oblivion. + +The Venture Capital funds put their sleeper agents on the boards and then make "bad business decisions" and get the stock falling "organically" and then that gives Citadel and friends plausible deniability and a "bear thesis" so it doesn't look like market manipulation. + +I bet if we look into Venture Capital firms we'll find more connections that complete the whole picture. + +Next DD: + +[I found the entire naked shorting game plan playbook posted on a forum in 2004. They called it "Cellar Boxing". + Yahoo / Morningstar censoring GME data depending on your IP. It's not a glitch.](https://www.reddit.com/r/Superstonk/comments/pmj9yk/i_found_the_entire_naked_shorting_game_plan/) + +TL;DR: + +> TL;DR Yahoo changes data depending on the IP. Seems like only USA gets censored data. Based on the forward P/E of the uncensored data, it's possible GME is anywhere between 6k to 31k per share on some dark side of the fence. And "Cellar Boxing" is the game plan shorts use to destroy America. + +**Looking back on it, holy shit I never expected this to be the most awarded post on SuperStonk.** + +**When you read that and understand it and then look back on the Zombie shit and Rolling in the Deep Dive, the new theory I just posted a moment ago really starts coming into view.** + +If they have a game plan called Cellar Boxing, and they're allowed to be exempt from all these rules and have sleeper agents on the inside of all these companies, if the SEC is in on it, if the DTCC is in on it, if even the friggin reporting agencies are in on it and Yahoo and other companies censor the data for them... Then it just makes sense that the Venture Capital firms would be in on it as well. + +When you zoom out and see it for all it's worth, it feels like our entire economy is fraudulent, not just the stock market. + +The stock market exists as the mechanism of which they launder their money. Everything else exists to funnel money into the stock market so they can squeeze the juice out of everyone's pockets. + +If this were compared to sales, then each company they create to short into bankruptcy would be considered a lead. They're criminals creating companies as ponzi schemes and pretending you have a chance at winning. It's a casino and it's very heavily and obviously rigged. + +Next DD: + +[Ceiling Boxed. The MOASS is upon us. For real.](https://www.reddit.com/r/Superstonk/comments/r0sji0/ceiling_boxed_the_moass_is_upon_us_for_real/) + +TL;DR: + +>Stop giving into hype. Buy your shit, DRS your shit, and let RC do his shit. It's gonna be fine. + +**Looking back on it, this post was summarizing the last year and giving a fresh perspective on the rigged market by telling the con artist game in the form of a story. While also addressing the options rug pull that happened in November which happened again recently.** + +I called that options rug pull a week before it happened and got downvoted like crazy until I was right.. + +Again I'm calling the recent one a rug pull and have gotten downvoted for saying it. + +In that post I said MOASS is upon us and we could potentially hit $50 before the spike. + +Lowest price recently was like $86. I wasn't far off. It might go lower before then. TBH I hope it does because I want to buy as much as possible before MOASS. + +Next DD: + +[DADA: Defense Against The Dark Apes.](https://www.reddit.com/r/Superstonk/comments/sac6eh/since_theres_so_many_posts_about_shills_on_the/) + +TL;DR: + +**I can't TL;DR this. You have to experience it for yourself. All I can say is go in blind, and gain some wrinkles to arm yourself with the Defense Against The Dark Apes. After you read it, FUD will bounce off of you like never before. You will be impervious to all shill activity.** + +**It's long and annoying and it's a complete mind fuck. Highly recommend reading it all the way through.** + +That post is suppressed by shills every time I try to repost it. It's the most detailed post I've ever made and ever will make. People say it's too long though so I'm working on a shorter version. + +**In conclusion:** + +The market is fraudulent. Shorts have not closed. DRS is the way. Options are great **if you know how to play them ON AN EVERY DAY BASIS** not just for a specific week. + +Any time someone tells you to buy calls for a specific week it's going to be a rug pull. Everyone in the market is in on it. No one in the world of traditional finance wants MOASS to happen because it'll put too much power into Retail's hands. So they all are doing what ever fuckery they can to save themselves. And are failing. + +Everyone is working against Retail. It's one giant Ponzi scheme. It exists to steal people's money. And all I have to do is DRS my shares and fucking wait. RC will do a thing one day. + +BUY, HODL, DRS, and go about your life being zen af until the day you're a billionaire. + +Period. +So I happened to get a nice check from some back pay from work and my first reaction to it was to buy more crypto (obviously). So im on the exchange and i go to send it to my hard wallet and instant paranoia and anxiety per usual. Ive been sending crypto to different wallets since mid 2017 and it still makes my heart drop when i think its taking too long (more than 5 seconds). Does anyone actually grow use to the feeling of sending crypto from wallet to wallet and not thinking it’ll all disappear in the blink of an eye? I can’t imagine getting hacked for any amount of my bag, the thought of it gives me anxiety. +#What it means to us + +MyEtherWallet is probably the most used wallet interface out there. + +It has helped many of us to store (for some people huge amounts) of ETH on their offline devices. + +#The two people who made it + +All thanks to the efforts of /u/kvhnuke and /u/insomniasexx (Taylor) + +2 persons who wrote all of that code that you are using, during the nightlye hours they had left after their day job. + +#Coding effort: they both meant alot + +insomniasexx has performed 1080 commits, kvhnuke has performed 404 commits. + +I know, I know. For code, these numbers don't give the whole picture, but based on this and based on how I know these 2 individuals, I think **it's safe to assume** that they both had a 50/50 influence on the code base. + +My point is, Basically, we wouldn't have MyEtherWallet if we didn't have either kvhnuke or insomniasexx + +#The Twitter handle + +The Twitter handle was in the hands of insomniasexx , and in the past 2 years, on the rare moments she wasn't writing **your** code, she was making sure the Twitter account for her product was being used extensively. + +With **5,779 tweets** sent out, and gathering **a followers base of 78,900**, that's a pretty darn job. + + + +#You + +Now you can put your popcorn away because this isn't actually a kvhnuke vs insomniasexx story. + +This community. You have used the MEW code to make life easier for yourself. To secure your hard earned money. And when there was panic in the room, they scrambled to fix shit. You demanded that. And they did it, for free. + +They worked their asses off for your convenience, and when you gave them shit, they read it and continued to improve their product. For you. For free. + +#Baby split + +Today something happened. Something went wrong between them and it was time to fork. We don't know what happened behind the scenes. But they've decided it was time to part ways, splitting their baby into identical twins. + +A name change for one of the forks was necessary, + +because you can't call your baby twins Sarah and Sarah, now can you. + +kvhnuke was the chosen one to keep the original name. And Taylor had to rename her baby to MyCrypto. + + +The Twitter handle, "that other" job that Taylor had, you know, the one of posting 5,779 tweets, gathering 78,900 followers and answering their questions, keeping them updated. **That Twitter account was hers to take with her.** + +So she thought it was okay'ish to rename it along with the renaming of her baby: MyCrypto. + + +#You + +And then there was you again. You with your opinions. And your criticism. Like you always do. You aren't thinking about those ETHs that are sitting in your cold storage, or those tokens you bought through the MEW interface. Or the TheDAO token recovery process you followed back in the day for extra ETHs. + + +No. + +You think this person who wrote 50 % of that code you've been using, did something **very very evil**. + +She dared. To change. The Twitter handle of MEW. + +#How could she!! /s + + + +Aren't you ashamed? I've been part of this community since 2015. I've seen the birth of MEW and how important it always has been for the growth of the Ethereum eco-system. I dare to say it has significantly sped up development and adoption globally. + + +I'm embarrassed in your place. + + +Only a fraction here seems to know what I wrote here above. I have heard people today who said **they don't know who Taylor is** but are convinced she is supposedly a thief either way who "stole" a twitter account. + +I'm so embarrassed in your place. + +Can we please all stop this whole "report this" and "boycot that" mantra? + +tyvm +The title says most of it, but I'm curious what people struggle with within the stock market. I know first starting out it was just understanding the terms and figuring out WHAT is a good stock and why. + +What are the struggles everyone else has? Maybe we can give tips and tricks on how to overcome those struggles. +I am a super noob with finances. I've been out of college and in the work force for just under 3 years. Each year, the rent increase on my apartment has outgrown the increase in wage salary. + +This year, the rent will increase by %17 while my salary is bumped by %1. + +My napkin math tells me that this wage increase will only account for 1/3 of the rent increase. + +Am I looking at this incorrectly, or is my anxiety justified? I'm reading that rent should be 25-35% of income, and luckily the new rent doesn't move me out of that range, but I will need to change something, I'm thinking either cut back on savings, or move to even cheaper apartments (I'm already living in one of the cheapest places in the area), roommates, etc. + +Thanks in advance +>Former US presidential candidate – Hillary Clinton – criticized those cryptocurrency trading venues that refused to stop servicing Russian-based users. She once again opined that digital assets should be put under a regulatory framework. + +>Amidst the Russian invasion in Ukraine, Mykhailo Fedorov – the latter’s Vice Prime Minister – asked the leading digital asset platforms to freeze all Russian users’ blockchain addresses. According to the politician, the move would weaken Russia and aid Ukraine’s defense. + +>In a recent interview for MSNBC, the former first lady Hillary Clinton said she is “disappointed” that some cryptocurrency exchanges still provide services to such users: + +Why do these people talk about thinga they have not a single inkling about? And clearly any sort of decentralization is poisoni their eyes + +https://cryptopotato.com/hillary-clinton-is-disappointed-that-some-crypto-exchanges-refused-to-stop-servicing-russians/ +Source: [https://www.sec.gov/rules/sro/finra/2022/34-96415.pdf](https://www.sec.gov/rules/sro/finra/2022/34-96415.pdf) + +***Additional Materials:*** [Exhibit 2a](https://www.sec.gov/rules/sro/finra/2022/34-96415-ex2a.pdf), [Exhibit 2b](https://www.sec.gov/rules/sro/finra/2022/34-96415-ex2b.pdf), [Exhibit 3](https://www.sec.gov/rules/sro/finra/2022/34-96415-ex3.pdf), [Exhibit 5](https://www.sec.gov/rules/sro/finra/2022/34-96415-ex5.pdf) + +[Submit Comments on SR-FINRA-2022-031](https://www.sec.gov/cgi-bin/ruling-comments) + +FINRA is proposing to adopt FINRA Rules 6151 (Disclosure of Order Routing Information for NMS Securities) and 6470 (Disclosure of Order Routing Information for OTC Equity Securities) to require members to (i) publish order routing reports for orders in OTC Equity Securities, and (ii) submit their order routing reports for both OTC Equity Securities and NMS Securities to FINRA for publication on the FINRA website. + +https://preview.redd.it/eafaiznrm53a1.png?width=902&format=png&auto=webp&s=3727bec7ae92ed0b3467737930736f73c6b1b8cd + +https://preview.redd.it/wkggorgtm53a1.png?width=861&format=png&auto=webp&s=ba5f18d8942e98c8ac7d9b9377d0f5f5176526c0 + +https://preview.redd.it/aplfad83n53a1.png?width=853&format=png&auto=webp&s=857d7b4efbc803e925832e3dc42c31116feda5ee + +https://preview.redd.it/q87e1gqln53a1.png?width=902&format=png&auto=webp&s=0b098e19027312fd4eb26139436e483dd0ae46f3 + +https://preview.redd.it/dp431zamn53a1.png?width=883&format=png&auto=webp&s=19809dcbd897ca122ba538591f9b64b775239cd7 + +https://preview.redd.it/d6xab7fsn53a1.png?width=995&format=png&auto=webp&s=6af6844ca442782f6cd74876367ed95002b1701e + +https://preview.redd.it/udkkkt2do53a1.png?width=716&format=png&auto=webp&s=d5341f156c0433f0fd10790472041853f792c529 +this is just an update to a previous question I had uploaded which I have linked below. + + +After a conversation with my HR Director who in-turn spoke to the board members. They have come back and offered me £18,000 Per year with a pay review in April and will be backdated to the start of January. I have taken the offer as it was where I wanted to be and any higher would've been a bonus to me. + + +Thank you so much to Redditors who commented on my original post for the opinions and tips you guys offered me. + +Much Love +\*link to the original post - [https://www.reddit.com/r/UKPersonalFinance/comments/l0rubk/i\_have\_finished\_my\_apprenticeship\_is\_my\_new/](https://www.reddit.com/r/UKPersonalFinance/comments/l0rubk/i_have_finished_my_apprenticeship_is_my_new/) +I have become interested in joining theta gang and I was wondering if anyone has experiences to share where they've made large losses/mistakes that could have been predicted. If this happened to you, is there something you've learned from this experience that made you a better option seller? + +Edit: thanks everyone for the advice it's all very helpful! +Received this email from my own email address. Any advice? This seems like a real hack as it came from my own account. + +"Hi, + +A week ago I gained access to your email, this then migrated to your phone & other devices. Since then I have been monitoring activity and well it seems you have quite the life to be ruin. + +Please note that this isn't a targetted attack, you just so happened to be vulnerable at the time. + +With the access I currently have I can: + +- Bypass your Online banking verification +- Access your PayPal account and send funds +- Access your feed and personal messages + +Trying to remove this access is pointless + + +A one-time payment of 0.03 Bitcoin MUST be made to the below address within 7 days: + +(34 character accoint name) + +On receipt of payment you will receive confirmation via email, after this no further action will be taken against you, your family or known IP addresses & any malware / rootkits used to obtain information will be uninstalled from your devices. + + +---How to get Bitcoin--- + +You can purchase Bitcoins via https://coinbase.com/ or https://localbitcoins.com/ as well as many other websites. + + + +---NO OTHER PAYMENT METHOD WILL BE ACCEPTED--- + + +Note: changing your passwords will not help. If payment is not made within 7 days I will be looking for a response to this email (yes, respond to yourself). Refusal to pay will result in a leakage of funds from your accounts amounting 0.1 Bitcoin. + +Regards, +(FakeName)" + +Not sure how this could have came about, has anyone any advice on the next steps? +This morning I lost my father. I am 16 years old, a junior in highschool, (planning) on going to college after high school. + +I don't know what to do, I wish I had more to help give information or key points, I'm just completely lost. + +I'm not sure if I'm necessarily looking for advice on my mother's situation, I just don't know where to start. + +My mother is currently unemployed, I have around $2k in savings. He had life insurance for 3 years pay which will give us around $350k. Were planning on setting up a college fund for my sister and I instead of a place to send roses. + +Thank you. + +Edit: I do not have a car, but will inherit one/have one to drive that is under my parent's name and insurance. + +I live in Indiana. +So background is I was laid off recently at 42, planning to relocate from vhcol to live closer to family and friends in a mhcol area. I’m close to fire by some measures, not all. Investable assets are around 28-30x expenses, target would be 33-35x. Do have what i consider to be a very safe/dependable investment that will generate enough income to cover living expenses for next 20-22 yrs without touching principal of assets. expenses in the 160-180k range, nw In the 5.5mm range (including home equity). That investment will take another 18-24 months before it fully covers living expenses so I’ll have to live w a 30k deficit/ yr for maybe 2 yrs. plus cost to furnish new home, buy a car or two in burbs. + +Can’t sell my apt in vhcol area since it’s urban and everyone w covid fleeing to suburban. Can’t get a mortgage (not even an asset depletion mortgage) for new area w no job. +If I sold every stock I own (not in retirement accts) I could buy a house in new area in cash but it’d be tight til I sold my apt. + +I don’t really want to do my old job in finance anymore. I was overpaid and made about 850k ave over past 6-7 yrs and I didn’t have to work very hard given I’d been there forever. + +New jobs r hard to come by in finance in area I want to relocate. One contacted me today offering total compensation of 200-220k. Job would require me to work in office and commute. W 2 kids likely doing remote learning option in coming school year would rather stay w kids and help them w school. + +To many people that’s good pay, but it’s hard from an ego perspective to take a new job, work prob many times harder to make 75% less money. + +If I had an extra 1mm I’d def just FIRE. Currently have no side hustles. + +Do I: +1. Take a job to get a mortgage and quit if I can’t take it on a few months +2. Just fire since I’m close and have faith in my investment that’ll cover living expenses for a long time. As some say working much harder to make 75% less is a recipe for misery. And Have faith that I’ll eventually find some sort of side hustle that will generate some income +3. Swallow my ego and say 200-220k for most is good income, got health coverage, a mortgage, and reduce some anxiety +4. Take a job til I sell my apt + +Some people I ask that haven’t made that Income just see the 200k number and think it’s a lot but it’s hard to go back making that when you’ve made so much more for past 15 years. Last time I made 200k was when I was 26. +I know this is a privileged question which is why I need the fatfire community for this since not many people I can talk numbers w like this who may be able to relate + +If it’s a job/industry u don’t care for anymore is there some threshold you wouldn’t go below? (50% of previous income) +# + +[Moon, we are coming soon....](https://preview.redd.it/36zu6q2aq7671.jpg?width=1080&format=pjpg&auto=webp&s=8d951593adfaf25f9fdd29e09ba26f2e696fd4f9) + +# Dear Apes, + +&#x200B; + +I'm writing because I've been Zen for a while now. Short Hedgies know they are fucked but they will continue to fight until Marge comes. In the meantime, GameStop went from a $2.88 target of short hedge funds just last year to the greatest turnaround in the history of the market. + +&#x200B; + +&#x200B; + +Let me explain. Don't worry about SHF (Short Hedge Fund) kicking the can down the road. Seriously, each time it gets harder to do and most costly. They are stuck. They can't tank the price or apes buy more, making the problem even worse. They can't cover because they no longer have enough money and it will bankrupt them. They can't lie to Apes through Main Street Media anymore, they can't trick Apes with fake short interest % or numbers, like a hydra they could shut down this sub tomorrow and 10 will shoot up in it's places. They can shut down Reddit but Apes will regroup other place. Imagine that feeling. No matter what they do, they lose if Apes can HODL strong. + +&#x200B; + +&#x200B; + +&#x200B; + +**Apes own multiple floats at this point. GME has grown to such a problem they are telling the MSM to ignore it. They won't even speak about GameStop unless it's negative.** **That's what GME has become, the elephant in the room about to crush people.** You see, I think they have between 90 million to 500 million counterfeit shares floating around at it's peak. Regardless, let's pretend the numbers are smaller. Let's say they have to buy back 25 million shares from Apes = Hedgies R Fuked. **You have seen what just like a couple hundred thousand shares of actual buying pressure does to the stock. Now imagine millions needed to be bought back all at the same time.** + +&#x200B; + +&#x200B; + +&#x200B; + +Ok, what happens if they allow this to continue. This isn't FUD but a thought experiment. Let's just say that GameStop will continue business as usual. Each proxy, runs the risk of exposing how bad this has gotten. Each ATM raises billions of dollars more for GME to acquire other more profitable gaming companies. Good acquisitions mean more institutional buyers and remember, they have MILLIONs more shares to buy back so share dilution isn't really a thing. Those long whales buys can't be hidden in the Dark Pools and OTCs. That buying pressure sends the stocks up....Boom Marge calls. This loops continues, until GME is now in the S&P 500 and on every major ETF. If Marge hadn't been called, she will be then. + +&#x200B; + +**Do you see the problem? Short Hedge funds literally can't win no matter what happens.** They needed GameStop to go bankrupt. It's not. They need the price lower so they can close without going bankrupt, it's not. If the price drops Apes will make the problem 100X worse by buying even more. Whether it MOASSes tomorrow or they keep kicking the can through some illegal shit, they are still fucked. + +&#x200B; + +&#x200B; + +All this is possible by Buying & HODLing your stock like a normal long investor because you like the stock. + +Game Over, see ya on the moon!! +Salutations once again my fellow apes. u/possibly6 back with some juicy confirmation bias solely using technical analysis. + + +As always, this aint no mothafuckin financial advice, hoe. The views expressed here are solely my approach to investing in this specific equity. I ape an am. + +obligatory. + +&#x200B; + +Let's get right down to business. I have reason to believe the price action we are seeing is nearly identical to January right before we ran ago 500+. + +If you've been following me for a while, this is how I was able to predict the drop from 348.5 to sub 200 the day before it happened, as we well as time the majority of the run in March. + + +Here's an image from webull by u/wwalley + + +[Jan vs Now](https://preview.redd.it/sp33r3igleu61.png?width=1528&format=png&auto=webp&s=b83313ab8d0ba20edb91d82acd7db8099b6a3007) + +I also read a great theory written by u/HomeDepotHank69 which sparked my interest to dig deeper on the subject. You can read his posts here [https://www.reddit.com/r/Superstonk/comments/muoepo/gme\_magnum\_opus\_theory\_round\_3/](https://www.reddit.com/r/Superstonk/comments/muoepo/gme_magnum_opus_theory_round_3/) + +&#x200B; + +I commented this: + +"Technical ape here. I did a theory very similar to this one right before the march run comparing it to the jan run. I think you're spot on, and I don't think today's price really matters. The broad market is taking a hit today. + +If you're right, tomorrow should replicate price action on 1/13. However, you could also compare it to that of 2/22 - 2/24. On 2/23 we had roughly half the volume of 2/22 and price hit a lower low than the LOD on 2/22. 2/24 price hit from 40 to a high of 200 after hours. + +I think what's important for this theory to remain in tact is the low volume today and a close lower than yesterday's. How much lower we close is irrelevant." + +&#x200B; + +The working theory is that today would have very low volume and a decline in price, and sure enough that's what we saw today. Let's take a closer look and compare the two timeframes to each other. + + +[Jan chart \(circled candles I am comparing to yesterday and today\)](https://preview.redd.it/nwi9i4gjmeu61.png?width=2856&format=png&auto=webp&s=02051154ea7ef243667c0b03e81ed1cedc08524e) + +And here's today's chart: + +&#x200B; + +&#x200B; + +[Daily view](https://preview.redd.it/bxpz6tsqmeu61.png?width=2012&format=png&auto=webp&s=95ba07ad7c3c777a8ba7816a6d8a3e7123ca5581) + +The scale is a bit rough on the eyes, though you can visualize the similarities. Today we had 4.6m volume, roughly half of yesterday's 10.5m volume. + +Worth nothing that the broad market took a hit today, not too surprised to see GME go down with it, though it is very likely the broad market is down bc GME is getting shorted through the entirety of the market lol. + +Jan 11 we had 14.9m volume, and Jan 12 we had 7m volume. roughly half the volume of the previous day. **HMMM** + +Tomorrow should mark Friday's T+2 - all executed options should settle by 4/21 and start showing movement. HODL 📷📷 + +All options that were executed on Friday should start to reflect tomorrow as it's had two days to settle. + +&#x200B; + +Worth noting: Jan 15, monthly options expire, 4 trading days later, price runs from 40 to 513 + +Feb 19, monthly options expire. 3 trading days later, price runs from 40 to 200 after hours. + +If this theory proves to be accurate, expect some nice upward price action tomorrow. Whatever the case may be, I will hodl. + + +[4hr view](https://preview.redd.it/278lhxdqneu61.png?width=2856&format=png&auto=webp&s=66d8735d1588734bdc7d72ed8ad20bae0439b069) + +In Elliot Wave speak, I have wave 3 of 5 set to finish around 220, though to be completely honest I dont even really watch price action anymore. It doesn't matter. I hodl no matter what. + +I know you're all jacked about the RC tweet, so am I. Bears either shaking or their getting fucked up. or both. + +TLDR: Short post, read it you ape. If you daytrade GME your mom's a hoe. Can we stop with all the rensole drama and get back to posting solid DD? Please? Prepare for the best expect the worst. + +4/22 is 4/20 too 🤔 + +obligatory 🚀 🚀 🚀 🚀 🚀 + +Edit: I wrote this high af +This post is not for people who usually browse Superstonk's subreddit. + +If you think GameStop is going bankrupt, and it's just a matter of time before it happens, this post is for you. + +If you think people in Superstonk are a cult, thus investing in GameStop is dangerous, this post is for you. + +If you hope you could go back in time to invest in Tesla and Apple, this post is for you. + +&#x200B; + +Some months ago I talked with a friend who works as an analyst for a big investment company. We also talked about GameStop (GME), and he told the same things I would have said before 2021. "It's a dying brick-and-mortar company", "there are no fundamentals", "it will fail like Blockbuster". I can understand it, it is what my gut feeling was telling me. Furthermore, I listened to people who knew much more than me and who I trusted (such as mainstream media, CNBC, etc.); so I thought that GME was going "back to $20 fast" ([https://twitter.com/citronresearch/status/1351544479547760642](https://twitter.com/citronresearch/status/1351544479547760642)), or that its fair value was "10 bucks/share" ([https://www.youtube.com/watch?v=0Sc8tIAhEEU](https://www.youtube.com/watch?v=0Sc8tIAhEEU) starting at 3:20). + +But let's stop a moment and look at the facts. I remember Tesla and Apple as the stocks that "I wish I bought when I was younger". What do Tesla and Apple have in common? In my opinion, among many other things, they both have a strong community of people who believe in their brand, and who are willing to spend their money buying their products. GameStop is now exactly in the same situation, with *hundreds of thousands* of people all over the world who are happy to support the company. They are not just buying more and more across all the stores, but they are also long-term investors (and not day traders). The fair price of such company will eventually go up; it's the normal behavior of any solid company with organic growth. + +You may have heard that the price may suddenly go up by a lot: this is known as "squeeze". There is a chance that this will happen because of a catalyst, such as "all the available shares get registered" (the growth is almost linear over time [https://www.reddit.com/r/Superstonk/comments/v2qoyt/the\_drs\_count\_only\_goes\_up/](https://www.reddit.com/r/Superstonk/comments/v2qoyt/the_drs_count_only_goes_up/)), "a stock split is announced", or anything like that. This might result in a huge increase of the stock price (someone say "up to millions per share", and in theory the price can be unlimited because the other side of the bet is taken by short sellers, who carry "the theoretical risk of infinite loss" ([https://www.investopedia.com/articles/investing/100913/basics-short-selling.asp](https://www.investopedia.com/articles/investing/100913/basics-short-selling.asp)) + +Even without a squeeze, it is reasonable to think that the fair value of a company with this new Board of Directors, lots of talented hired people ([https://www.reddit.com/r/Superstonk/comments/tyk9d2/the\_full\_list\_of\_gamestop\_hires\_is\_incredibly/](https://www.reddit.com/r/Superstonk/comments/tyk9d2/the_full_list_of_gamestop_hires_is_incredibly/)), and so many happy and loyal customers will go up. And many people (like me) are not here for the squeeze, but rather for the long-term play. + +"Why should I believe you, when people on TV and mainstream media are telling me to forget GameStop?", you may ask. Let me quote these words from *The Big Short:* "People want an authority to tell them how to value things. But they choose this authority not based on facts or results; they choose it because it seems authoritative and familiar." ([https://www.youtube.com/watch?v=dlbG6G\_iHLU](https://www.youtube.com/watch?v=dlbG6G_iHLU)). You think people who speak on television are authorities; maybe you trust CNBC. But how can you trust with your money a media that choose Jim Cramer as one of their host? Someone whose lies made retail investors lose money ([https://www.youtube.com/watch?v=gUkbdjetlY8](https://www.youtube.com/watch?v=gUkbdjetlY8)) over 14 years ago, and who still have his show? (If you wish to have a look at some of the shady things he did, here there is a link [https://en.wikipedia.org/wiki/Jim\_Cramer#Controversies](https://en.wikipedia.org/wiki/Jim_Cramer#Controversies)) + +&#x200B; + +That's a lot to digest, I know. We live in an era where it is hard to get good information. I'm not asking to be trusted; I just want you to ask questions and critically think what is happening. The main take-home message is that a dying company just made a U-turn, and now there are hundreds of thousands of individuals who are happy to spend their money in GameStop stores. These individuals will not go anywhere; chances are they will stay loyal with the company, and they'll be here for a long time. +I guess this sounds a lot like stocks, but I'm just curious if such things exist where a bunch of investors pool money together and manage a bunch of rentals across the country. +Title says it all but the post needs to be at least 250 characters lol. Can we please ban clips of Cramer? Dude's a cockroach, and we shouldn't be amplifying his garbage, even if it's in jest. I'd much rather he wither away and drift off silently into obsolescence than to keep providing an additional platform for his drug-addled rants. Crook. Charlatan. Corporate mouthpiece. That should be 250 characters, shouldn't it? +I am addressing this question specifically to those who have been investing for at least 5 years which IMHO is a long enough period to gain good insights into pros and cons of growth and dividend invest sting. Growth investing is stocks like TXN, SPY, DIA, ADBE etc. which may not pay any dividend or a miniscule amount of dividend. Dividend stocks on the other hand are mainly about dividends and very little growth. + +So what percentage of growth vs dividend stocks vs cash do you have? +&#x200B; + +I recently found that the next step for the GMERICA trademark is in the process. See my post [here](https://www.reddit.com/r/Superstonk/comments/uxmmey/gmerica_trademark_updated_today_progress_being/) + +There were lots of questions about what this means etc. This led me to look into things a bit more and see what I could find. + +I realized that GMERICA isn't just registered with the US! As you can see its currently pending in Canada as well : + +[source](https://tsdr.uspto.gov/caseviewer/assignments?caseId=90897211&docIndex=0&searchprefix=sn#docIndex=0) + +https://preview.redd.it/imwbg7tu5o191.png?width=889&format=png&auto=webp&s=ce5e1dccdd2449f6530698a8296581aae3732ddc + +&#x200B; + +This got me thinking, "Shit well I haven't even bothered to see what their trademark process was like". + +BTW their site is better looking : + +[source](https://www.ic.gc.ca/app/opic-cipo/trdmrks/srch/viewTrademark?id=2128837&lang=eng&tab=reg&posNum=1&search=%7B%22selectField1%22%3A%22all%22%2C%22textField1%22%3A%22gmerica%22%2C%22category%22%3A%22%22%2C%22type%22%3A%22%22%2C%22status%22%3A%22%22%2C%22viennaField%22%3A%5B%5D%2C%22searchDates%22%3A%5B%5D%2C%22selectMaxDoc%22%3A%22500%22%2C%22language%22%3A%22eng%22%7D&length=25&start=0) + +https://preview.redd.it/jzb7hl746o191.png?width=1513&format=png&auto=webp&s=c26acab7c0c6640155ee44b9574522004faee842 + +&#x200B; + +&#x200B; + +So it looks like they may be a little behind the US in getting this trademark to the next step...BUT WAIT + +On May 3, 2022 Canada implemented a way to fast track stuff to quicken the process for things: + +[source](https://onpractice.law.com/4050095/expediting-examination-pre-assessment-letters?slreturn=2022-05-25T18:45:27+00:00) + +https://preview.redd.it/9bnhuv9m6o191.png?width=1046&format=png&auto=webp&s=70a2f3738375491ade6dcf1903773f7375626f20 + +&#x200B; + +https://preview.redd.it/un8vmkvw6o191.png?width=1094&format=png&auto=webp&s=c5a0529dadf02cc49be40112f1d452cc3528e655 + +So if you send this letter addressing any misclassification issues it will quicken the process for the Trademark to get registered. + +WELL LOOK WHAT GAMESTOP SUBMITTED ON MAY 13th + +[Source- at the bottom](https://www.ic.gc.ca/app/opic-cipo/trdmrks/srch/viewTrademark?id=2128837&lang=eng&tab=reg&posNum=1&search=%7B%22selectField1%22%3A%22all%22%2C%22textField1%22%3A%22gmerica%22%2C%22category%22%3A%22%22%2C%22type%22%3A%22%22%2C%22status%22%3A%22%22%2C%22viennaField%22%3A%5B%5D%2C%22searchDates%22%3A%5B%5D%2C%22selectMaxDoc%22%3A%22500%22%2C%22language%22%3A%22eng%22%7D&length=25&start=0) + +https://preview.redd.it/7j9zm3647o191.png?width=1468&format=png&auto=webp&s=15e66c5fbe87d52e7701af3b3f4b671bf36aa05d + +&#x200B; + +So if you look at the first image (and its the same for the US trademark) Gmerica is listed as selling goods and services with toys and clothes and shit. Well now they are saying "Actually no its not that, were going to retire that so you can quicken the process and approve this shit" + +&#x200B; + +**TLDR: So GMERICA is not about any goods or services such as clothing, toys etc. SO WHAT THE FUCK IS IT? They seem pretty adamant on this trademark getting processed and in a timely manner.** +This is urgent. Open sea is being hacked RIGHT NOW and peoples accounts are getting drained! Over 300 ETH has been taken already! + +The attacker hacker is selling the stolen NFTs to others to pull ETH out - Currently they have over 300 ETH in their wallet! AND GROWING! + +Make sure to REVOKE ALL OS APPROVALS ACESS NOW! To keep your funds safe! + + +https://i.redd.it/oe5u72r25wi81.jpg + +https://twitter.com/0xfoobar/status/1495208279210876930?s=21 + +https://twitter.com/Jon_HQ/status/1495194181744021508 + + +REVOKE ACESS ON OPEANSEA RIGHT NOW! Lots of details are still not known! +I'm thinking about selling a relatively small online business to a PE owned company. The business is small ($2.75M EBITDA, $5.25M Sales) but is growing rapidly in an industry with a lot of perceived future growth and actual current growth. We've recently received an acquisition offer from a company in our industry. We haven't negotiated at all yet. + + +I think the headline price (8.5x EBITDA) is fair based off industry dynamics, but I'm concerned about being protected from all the pitfalls you hear about from PE deals. Additionally, about 30% of the expected comp is in equity in the acquiring co. + +FWIW, we have a good lawyer who has done a number of other deals in our industry. However, our business is somewhat unique in our vertical so there aren't a ton of great direct comps, this deal likely wouldn't be "cookie cutter" based off other deals the firm has seen. He's already told us it may be challenging to know how to structure this. + + +Questions: +\-I'm told by some friends we should absolutely hire a banker. Should we? Who? My understanding is we're talking about \~5% of the deal here. The issue I see is there's really only a couple of companies we think that would be a good fit for owning our business. If there was a more robust market I would feel more confident the bankers would be worth it. We're also not thrilled about going through a time consuming process here if we can avoid it. +\-On the initial offer, we're looking at about 40% of the comp subject to an earnout, which seems high to us. There are realistic scenarios based on what's proposed where we could received no further money in the earnout (ie, only 60% of the headline transaction price). Any advice on what to ask for and/or look out for is appreciated. How normal is this? It seems off to us based off other deals we've seen and based off how competitive the market is. +\-I'd love to hear ways people generally get screwed in earnouts, what we should ask for, etc. +\-What to ask for to provide more upside to us if things go really well (as proposed, there's really not much upside for us if things go better than a base case) +\-Part of the comp is proposed as equity in the acquiring company's stock. It's PE owned, private, and we don't have a view on its future prospects. How negotiable is this type of thing, typically? Our view is the PE owners feel very optimistic about our equity and what can be built around it relative to theirs. How do we avoid getting screwed if some of this comp is paid out over time at allegedly "fair market" rates which we have no visibility into how they are calculated? + +&#x200B; + +Thank you. +Basically title. I am looking to finally open a savings account and noticed this. In the end I am basically losing money. Can I use an index fund account or an ETF for the same purpose? +I saw vanguard had one but some people mentioned ICLN and TAN. all these letters are confusing me, do I watch videos? Do I read up on them? Also how much do I invest? +It’s Sunday so gonna make some discussion. On Monday you have to liquidate everything and put all your money equally into 5 stocks and can’t sell or buy any new stocks for 10 years. What are you buying? + +Hard mode: no ETFs + +Harder mode: explain your answers +[This is the post in question.](https://www.reddit.com/r/Superstonk/comments/vbuvrm/update_understanding_computershares_max_sell/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +I think OP means well, but he should have looked into the matter more thoroughly before making a post. Sharing uncertainty isn't helpful. + +To keep this short and sweet, THERE IS NO HARD CAP ON WHAT AN ORDER THROUGH COMPUTERSHARE WILL FILL AT. + +Yes, the maximum *limit price* you can set for an order is ~$214k, and yes you can only set a combination of price and quantity in an order up to $9,999,999 total order value (limit price x quantity). + +What this DOES NOT mean is that you are restricted to $214k or $10mil as the price at which your sell order will fill. + +The restrictions through CS result from the old software that passes orders from CS to their executing brokers. From that point onward, the brokers are not restricted by the software. They will get you the NBBO when they execute your order. + +You will not be "capped" at $214k or $10mil if there are bids available above those prices. + +Want to learn more about NBBO and order execution? [Read this post I made a while back. It should help clear up any misunderstanding.](https://www.reddit.com/r/Superstonk/comments/sr5a5h/navigating_moass_a_beginners_guide_to/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + + + +EDIT: people are raising some concerns about how market maker liquidity and the NBBO will (dys)function during MOASS. Those are complicated questions that need deep dives of their own and are outside the scope of this post. + +Whatever happens to those things have nothing to do with Computershare or any shares held there. My intention with this post was to refute the claim that orders made through Computershare would be treated any differently than any other limit orders. + +If you share the opinion of some of the people in the comments, that there will be no bids available during MOASS, then keep a handful of shares in a broker which allows for higher limit sell prices. And maybe consider doing some DD yourself and share it with the community. We're all rightfully skeptical of market makers and brokers, but "there won't be bids available" is a big claim that needs to be backed up by compelling evidence. +Background: investor for a few years and joined WSB 2 years ago. Been in on GME with a relatively large position since december. + +I am pretty fed up with this shit. It is becoming horrendously obvious that an agenda is being pushed on WSB + +- Every two-three days a new pump and dump stock gets pushed as a consequence of mods allowing specific tickers + +- $GME has basically been banned as a ticker for a few weeks (only approximately 2 post getting accepted a day) + +- Fast forward to this week; we have incredible people from the subreddit and outsiders doing AMA’s and every single DD-post, DTCC/SEC information post or relevant $GME-ticker mention getting banned. + +- The only $GME mentions being allowed are either the ones mentioning an extremly high floor (which is skeptical for new-comers) and post asking “is the hype over”, “should i buy GME?” or anything slamming GME to the ground. + +WSB used to be fun because of the retarded chaotic nature of option play and freedom to mention whatever you liked. People could ACTUALLY share their DD (just look at the fucking frontpage of this subreddit - there is plenty of solid DD). +Now, it is - at best - a vessel for the mods to push their own agenda, no matter how new their account is. + +Rant over. + +Edit: let the downvotes begin in <20 sec. + +Edit 2: Mods on WSB are now in the child-phase not controlling jack shit anymore. +I was recently promoted and got a salary bump, common I'm sure among people like me in their 20's and getting into the workforce. What people sometimes fail to realize is that a large salary increase doesn't necessarily have as large an impact as they would think. When I was promoted close friend politely asked me if I got a raise with the promotion and I told him I would be making $X more each month. + +"Wow," he said, "that's great. If I made $X more every month..." and proceeded to list off things he would do. + +Now, I'm not complaining about my promotion or my raise, I love my job. However, I would like people to be aware of things that have reduced my $X salary increase: + +- **Income taxes.** That extra money is taxed at the highest bracket of all my income. +- **Reduced deductions and credits.** Because I'm making more now, I no longer qualify for a number of tax deductions and credits I did previously. +- **Exercise.** I used to swim every day. Now that I have more work and responsibilities, I need to be in the office working when I would have been swimming. I've had to join a gym that's open at crazy hours to get my exercise in. +- **Food.** Healthy food and convenient food is expensive. With my reduced exercise and increased workload, I had to improve my eating habits to stay healthy. +- **Entertainment.** Now that I'm in management, when I go out with the other managers, we go to higher end places. Additionally, I still socialize with my team and go out with them on occasion. +- **Travel.** Now that more people are dependent on me, I can't take vacation time whenever I want. When I go home for Christmas, it'll be a last minute flight. I also work from home a lot less now, so I'm racking up the miles on my car and the gas bills. + +These are specific to me, but I'm sure for many people, there are a lot of other things that require expenditures as well (maybe a new wardrobe, etc.). It can be expensive just to fit in and as superficial as it may be, from a career perspective, choosing to be the new promotion who does not "step up" into their new role can be unwise. + +**Edit:** *I should make it clear that I'm not complaining about my situation in any way. I'm completely happy with where I am and how I spend my money. This is more of an advisory for people like my friend who hear "new job with $X raise" and think "$X more in my wallet, time to go shopping!"* + +**Edit 2:** *I in no way meant to imply that I am making less money or have less money than I did previously. My point is that the cost of maintaining the same standard of living I was previously enjoying increased due to increased job constraints. These and other factors can chip away at the seemingly large sum of extra money one receives as when their salary increases with a new job or promotion.* +Hey Fam, + +I tend to go out from time to time to meet and socialise with randoms... I decided to go to a meetup event and slowly but surely people started talking. The topic of investing caught my ear and I started to listen in. + +There was this guy in his 50's who claim to live through the 87, 99, 01, 08, 20 crashes. I asked him what his game plan was he simply responded that he was "Holding BBOZ and BBUS since August". I said to him that this is a fucking stupid move as the decaying would destroy into his gains, he responded what's a decaying affect ? + +I later wanted to know when he was going to cut his losses, he said when the ASX200 / S&P500 drops another 50% or else he will just hold. I later asked him where do you get all your stock tips from even tho he had no idea what he was doing, apparently he get's advice from Morgan Stanley... + +His idea of portfolio investment is, savings account, bboz/bbus and 3 gold mining stocks as a form of diversification. I'm not sure if he was being retarted or truly autistic... + + +Backstory: Girlfriend and I lived together for several years, and bought our first home this past June. We didn’t need to buy any of the expensive purchases that someone moving out would (fridge, washer, dryer, tv, couch, etc.) and our house was relatively ready to go (new-ish house, no reno’s NEEDED but a few wanted). + +Before buying a house we were saving around $800 a week or more while paying rent. Since moving in: we have been constantly spending money on random items that improve our life or our home that we would have gone without before as we were trying to save for a home and have a good bank record. + +These purchases include things like: Wall-Art, New Tap for kitchen, new vacuum, new downlights, additional powerpoints, landscaping in backyard, generic tools for house maintenance, new desk, tv wall mounting, rugs, spot-cleaners, going out for dinners/drinks, outdoor furniture, floating shelves and soon to be air conditioning in master bedroom/solar panels etc. + +Almost none of the above feels like a waste of money to me, and a lot of it improves our house value or day-to-day living but I do miss seeing our bank account increase a lot, rather than a little. Did anybody else go through this post-purchase spending splurge? How long did it last? Do you put it down to not having a “goal”? +[proof of the prices] (https://imgur.com/Fx0SQQX). Same medication same does different name. When it comes to shopping for medication and most other things, the store brand is often the same exact product just a hell of a lot cheaper. +Intel (NASDAQ:INTC) reported earnings after hours on July 28, 2022, for Q2. + +EPS: miss – $0.29 non-GAAP ($0.69 estimate), $(0.11) GAAP. + +Revenue: miss - $15.3 billion non-GAAP and GAAP. Down 17% and 22% YoY, respectively. + +Intel cited that Intel’s Client Computing (CCG), and Datacenter and AI Groups (DCAI) were “largely impacted by continued adverse market conditions” and their Network Edge Group (NEX) and Mobileye “achieved record quarterly revenue.” + + + +The CEO had this to say, “We are taking necessary actions to manage through the current environment, including accelerating the deployment of our smart capital strategy, while reiterating our prior full year adjusted free cash flow guidance and returning gross margins to our target range by the fourth quarter. We remain fully committed to our business strategy, long-term financial model communicated at our investor meeting and a strong and growing dividend.” + + + +How do we all feel after this earnings report? Historically the past 4 earnings quarters, Intel beat on both EPS and revenue estimates. After hours, the share price has been hit hard. Are you buying more and still holding Intel as a great dividend paying stock, or have you started considering dumping your shares for an alternative? +please recomend some great books. + +EDIT : I may have enough books for a year and my inbox is ripped to shreds with this many responses but please stop now it. too many books for me thank you very much for all the suggestions , thank you for a medal + + EDIT : This was requested soo.. + +1) Rich Dad Poor Dad - Robert Kiyosaki + + 2) Think and grow rich - Napoleon Hill + + 3) The Richest man in Babylon + + 4) The Millionaire Next door + + 5) Total money makeover - Dave Ramsey + + 6) Basic Economics - Thomas Sowell + + 7) Wealthing like rabbits + + 8) Common sense economics + + 9) The wealthy Barber + + 10) The millionaire teacher + + 11) Early retirement Extreme - Jacob Lund + + 12) Time is money + + 13) Automatic Money + + 14) What I learned from losing a million dollars + + 15) simple path to wealth + + 16) Snowball - Warren Buffet and the business of life + + 17) A random walk down Wall Street + + 18) I will teach you to be rich +It seems like there has been an uptick in posts on this sub recently of people making 5 figures wondering how on earth "normal" people FIRE, or why we don't hear more of their stories. I'd like to attempt to address that question by using my own journey as a reference. + +&#x200B; + +What's important to remember is that FIRE is more than the simple math and flowcharts you can find on the sidebar. It's a philosophy, a mindset that you apply in your everyday life. Often around here you hear the phrase "spend less than you make and invest the difference." For me, that takes the form of the following questions: + +&#x200B; + +What am I doing to maximize my income? + +What am I doing to minimize my expenses? +Are my current financial decisions worth the opportunity cost of financial independence/retiring early? + +&#x200B; + +That's it. A lot of folks who tend to contribute to this sub focus on these key elements. And rightfully so, that's led to quite a bit of success in escaping wage slavery. However, that's only one side to the philosophy of FIRE. + +&#x200B; + +You also see a lot of the phrase "build your life you want to live and then save for it." To be honest, the vast majority of FIRE stories I've seen on this sub haven't followed that path. I think that's because they went hard on the FIRE path, calculating their moves to most efficiently get out of the rat race early. And good for them! They should go fuck themselves! + +&#x200B; + +But I've taken a different approach. I am a high school teacher in rural Alaska. I love my job. I love the vast majority of my co-workers, my students, and even my bosses! Almost every day I wake up and look forward to going to work. Moreover, I feel an immense amount of purpose, and being in such a small community in such a small state, my individual decisions and actions can have large impacts and ripples. What an amazing opportunity in life to do good and be good. + +&#x200B; + +Not only that, but the lifestyle rural Alaska affords me is nothing short of amazing. I have an immense amount of freedom. With this freedom I can pursue passions and hobbies. I can (and do) garden, raise animals, hunt and fish, learn and practice carpentry and woodworking skills, hike and explore. I can do all of that literally right outside of my front door. And because I'm a teacher, I have a significant amount of time off to enjoy these opportunities to build this lifestyle *while I'm still working.* Most important to me, though, is that this lifestyle and career provides me with the ability to be the kind of father I want to be to my children. + +&#x200B; + +I do attempt to maintain a FIRE philosophy, mainly so that I don't end up as that old teacher who clearly doesn't care and is hanging on for their pension, and as insulation against potential political maneuvers that leave me out of a job. To me, that's the most logical use of the FIRE philosophy. But as it turns out, when you are living the life you want to live, saving for it tends to come second. I don't carry much debt, and I do invest, but I'm also willing to see buying a new chain saw as an investment so I can harvest timber and firewood. Those are investments that I consume, sure, and I can try and calculate the money saved by harvesting my own firewood and so on and so forth, but so long as I maintain fiscal responsibility those investments make me happy. And isn't this what FIRE is all about? + +&#x200B; + + To be honest, when I read even the success stories posted on here, a part of me feels sympathetic. Yes, I, a lowly teacher living in a 1 room cabin in the Alaskan wilderness, feel sympathy for folks earning 6x as much as I ever will and becoming millionaires within a decade! Not because I'm not happy for them for escaping the rat race, but because they had to sacrifice a piece of themselves to achieve it. + +&#x200B; + +So I guess what I'm trying to say is that FIRE is merely a tool in your belt. I certainly could be doing my absolute best to figure out how to make low 6 figures with minimal disruption to my life. But not doing so is worth the opportunity cost. If you feel like you are stuck in the rat race earning 5 figures, by all means figure out a way to game the race in your favor. + +&#x200B; + +Or, you might be able to build a life for yourself that you don't feel you need to escape from, and use the tools you can find here to maintain financial security and fiscal responsibility. + +&#x200B; + +And if you're a part of the latter, like I am, you aren't likely to post anything about your "FIRE journey," because quite frankly it wouldn't really fit the narrow definition of FIRE. Your spreadsheets aren't really that impressive. You're busy with life outside of Reddit. You see yourself working towards financial independence, but not through the vehicles so often discussed here. The reasons are myriad I'm sure. + +&#x200B; + +Anyway, that's the reason I suspect we hear so much from 6 figure earners on the coast, or recently FIRE'd folks living in Thailand. There are plenty of 5 figure earners out there, quietly working towards some version of FI. Of course, simple math tells us that it'll take us longer to get there, but for many of us that might be an acceptable, indeed perhaps preferred, course of action. So keep your chin up and work diligently towards building a better life, whatever that means for you. Seems to me like that's what FIRE is all about. + +Edit: A lot of great conversation with folks throughout the day between chores and projects. I’ve tried moving conversation forward in good faith. I don’t have time to respond to everyone but I love some of the ideas you guys have. My main takeaway from this is that, if you’re comfortable enough, people earning 5 figures should share their stories, along with their FIRE goals and what they are doing to achieve FI/RE. I imagine the discussions to follow would be a net benefit to the sub! + +Edit 2: Thank you kind Redditor for the gild. We won’t talk about what that could’ve become in your VTSAX in 20 years 😉. +Recently stumbled across [LIC Saral Pension Scheme](https://zeenews.india.com/personal-finance/lic-saral-pension-yojana-deposit-once-get-every-month-rs-50000-for-a-lifetime-2508363.html) and I like the idea of it. Having my parents not depend on me when they are in their 60s is a nice thought. However, returns are measly 5-6% so even if I want 30k per month income for my parents that's a hefty sum of 50 Lakhs. Even FDs have better returns than this. + +&#x200B; + +So assuming you are ready to invest roughly 20-25L (staggered/one time payment) how would you approach to solve pension issue? REITs, Rents, MFs with divident payouts? + +&#x200B; + +Now, Just FYI, I've Medical Insurance for my parents and me, Term Insurance for myself but would like to explore this segment more as it gives my parent financial stability and they aren't far from there 60s +Happy days are here. I hope this a sign of GG taking the SEC in the right direction. So many things bubbling beneath the surface. It could blow at anytime. Let's go!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! (Forgive me if this is a repost. I was just excited.) [SEC removes auditor ](https://finance.yahoo.com/news/sec-gensler-removes-head-u-200018386.html) +I'll preface this by saying that I generally prefer having nice experiences to saving every single penny I can. + +Having said that, things had gotten rather bad towards the end of last year/ beginning of this year. Not sure why, I think I just did more of the same thing (buying meal deal lunches instead of cooking because lazy, travelling to see friends, going out, going to events), without having more of an income, so it all started adding up and I was soon living in my overdraft (granted, my partner was out of a job for a few of months so I lent him some money too in this period). To give you an idea, the day before payday I was usually £20-£30 away from maximising my overdraft. + +But I am rather proud of myself; for my March payday I was £920 in red, and now I have £5k in savings (while also clearing ~£400 of debt I only just found out about). It's not a huge amount, but seeing as my salary increased to £24k only just last month, I'd say I've still done OK at saving up over lockdown (my partner is employed again and he has started paying me back £100/month, so that's also been helping). Once Christmas passes, I will look at improving my credit score and I feel like I'm in a much better position now to not fuck up getting a credit card. + +I'm off next week for my birthday so I thought Friday afternoon is a good time for small wins celebrations. Anyone else want to join in and tell me about your small win? +My mom has a series 6 license and recently started at wells fargo. She has self-directed brokerage accounts at chase, which mostly contain VTI, FSKAX and some immaterial single stock holdings. Wells is telling her because of her license she has to sell off her stocks and ETFs. Is this true? +This is FUD. It’s a Ponzi scheme who has $300 bn in debt and they are doing a back door deal to calm the market so they can live another day. + +Too many times I’ve see wall St, say “it’s fine the Fed is printing money”. Stick to your conviction and beliefs. + +Evergrande is just a matter of time before it collapses. The end. +Hello cryptomoonshooters, I came across this coin a couple of days ago, saw it on the vetted list of poocoin which is pretty reputable. Few presale tokens if none make it to that list. The code has been audited already, you can find it in the pinned telegram messages, always dyor! + +&#x200B; + +Why do I think this has potential? + +First, because it is vetted on poocoin, and tokens that get listed on there have very explosive and successful launches (the first one I witnessed was Kabosu, which did a 100x and reached 100k holders in a couple of days, probably a world record) + +&#x200B; + +Other than speculation, I really like it for the memes, and their charity towards paraplegic dogs! + +I can feel the good vibes in their community already \^\_\^ + +&#x200B; + +BORK BORK! + +They got so big and had so many sniper bots presale bots trying to ruin it, but the devs were competent enough to catch them and blacklist them all. Some bots got their bnb stuck in there forever and they are forced to hold forever, love to see some karma! + +&#x200B; + +AS ALWAYS, DYOR : + +Telegram: [t.me/gabe\_official](https://t.me/gabe_official) + +&#x200B; + +Website: [gabecoin.io/](https://gabecoin.io/) + +&#x200B; + +Twitter: [twitter.com/gabethedogcoin](https://twitter.com/gabethedogcoin) + +&#x200B; + +Reddit: [reddit.com/r/GabeTheDogCoin/](https://reddit.com/r/GabeTheDogCoin/) +I have a tenant in my property. I've owned this house for 8 years. In those years I've usually charged a competitive rent for the area it is in. At the moment, I have a tenant who pays about $300-400 below market value. She's been there for over a year. Always pays on time, whenever I have to do maintenance, the house is very well taken care of; the best it's ever been with renters. She is very patient when waiting for fixes (it's a 200 year old house). The cash flow breaks even, (expenses for the property equal rent). Would you keep the tenant, or raise rent, knowing it will probably drive her out? +I'm a student and new to investing. I have a couple savings accounts (with around 10k total) and a small emergency fund, so this is a sum I can afford to lose. Just wondering where to get started, should I invest it solely into ETFs or can I split it between a handful of stocks, a couple ETFs, and crypto? +Additionally, say I then save around 100-150€ of my monthly allowance, how should I invest these monthly savings? Is it worth diversifying these smaller amounts, or is it best to stick to just a couple stocks or funds? +Fiancée asked me what I wanted for my birthday. Don’t really need anything, so I thought about it. If the offer is on the table and I am planning on starting my dividend journey, why not take the opportunity for 1 free share? + +Since Apple, Microsoft, O, KO, SPHD, Chevron, 3M, T, IMB, Walgreens we’re on my wishlist anyways. Which do y’all think would be the best to start off with? + I (M28) have been virtually homeless since I was kicked out. I finally am getting a stable home with my high school sweetheart (F27) who promised me she would help and support me and love me. she is the only person in my life who has been in my corner who believes I can do more for myself even more then I think of myself. This has motivated me to want better for my life and to enhance hers vs being a leech. I want to get a car, I want to marry her and I want to make her dream come true and get us a house. How should I start? What should I do? I'm used to working fast food jobs and any job I ever apply for always has a take it or leave it type deal with the lowest pay. I want skills that I can sell myself. This is a turning point in my life and I want to finally live. + +Edit 1: Woah I just joined reddit and my first silver! Thank you Kind stranger. + +Edit 2: woah gold also for the first time! And all these awards . Thank you so much. Due to everybody's overwhelming advise, my gf decided we are going to move to the Dallas texas area to help me pursue one of these trade jobs! +Bought at around 700. Obviously going to be ousted by the exchanges soon due to inability to release financial results of *last financial year*. + +Sigh. My sweet monies. I bid thee goodbye. + +**Update** - The drama continues. They've sought 2 more months and have been granted so by the ROC, GOI. + +https://www.bseindia.com/xml-data/corpfiling/AttachLive/8c5f614b-4bba-4059-acb5-852351c08f14.pdf +Everyone, I have had a pretty great experience with Groww primarily driven by a) good UI/UX, b) good interface for acceptance of funds through Groww Wallet (managed by Razorpay). Pretty much put a great deal of my money into mutual funds through them. + +However, I had a bad experience recently. I initiated a high value redemption for Axis Treasury Advantage Fund - Direct Growth (TA-DG) DIRECTLY into my bank account. I submitted this on Sunday night and got confirmation from Axis MF that they had officially done the transfer by Tuesday. + +But, I did not get the money into my bank account. + +Yesterday, I reached out to Groww support and they asked me to double check if I had not received funds - I did double check - still no redemption/money back. + +Things were taking too long. I decided to directly check the account statement from Axis MF. What I learned was shocking - Groww messed up my bank account details. They had put in my Bank of Baroda account number, but directed the payment to Citibank (i.e. Used BoB account number in a transaction directed towards Citibank IFSC). + +[**Proof** \- Mega (2 Photos comparing my bank account numbers vs what was submitted by Groww to Axis)](https://mega.nz/folder/SA9ERbQJ#MsCliw3eR7gVzD-yrwsCGQ) *<Understand this is an accusation by me - so felt compelled to share proof>* + +I feel pretty sad. I am working now with Axis Mutual Fund and have sent the following documents to get my money back: + +1. Send scanned change of bank details declaration form +2. Send scanned Re-validation of redemption request form +3. Send scanned copies of cancelled checks from both my bank accounts + +However, Axis has said that it will take 5-7 days before I get the money back (time to process these documents). Again, I did not face these issues when I successfully previously redeemed to Groww wallet (and not my bank account). + +*Note: This error is more likely to pop up if you link multiple bank accounts to your Groww account. But, it is an error nonetheless.* + +**TLDR - Groww may mess up redemptions if done directly to your bank account - Be cautious and check MF statements to ensure the personal information filled by Groww is correct.** + +**This is NOT to bash them - but they can make errors and I don't want you to go through what happened to me.** +Edit: To everyone (and in particular the person kind enough to grant the platinum award, you legend): thank you for supporting this post and again feel free to send me a message if you have any questions or comments, have a great day and best of luck with your investments. + +That's right, your monthly update on the sector that the majority of people seem to hate and has a total market cap almost equal to that of Pinterest. Yes, even I was suprised about this. A sector that provides fuel for powering 20% of the entire US and around 10% of all power generation globally has a combined market cap equivalent to a website where you can look for pictures of furniture (extremely simplified but you get the point). + +But I digress, for those of you who have not read my previous updates and DD, [here](https://amp.reddit.com/r/investing/comments/hp9966/the_case_for_a_big_uranium_bull_market_and_what/) is a general market analysis and five stock suggestions, [here](https://amp.reddit.com/r/investing/comments/huo47l/uranium_miners_are_showing_big_growth_with_many/) is a market update and lastly [here](https://amp.reddit.com/r/stocks/comments/i2bf4d/the_sector_that_returned_20x_50x_100x_and_even/) another update explaining the bullish views and recent drop. I would highly suggest you read these first before asking questions, since they will probably answer most questions you may have in the post itself or between the hundreds of comments. If you do have more questions, I will be more than happy to answer them for you. + +Now, let's move on to the big one, what is happening in the sector? Well it looks like 2021 is going to be the year all catalysts come together to form one incredible bull market for uranium. + +Kazatomprom has publicly announced that their supply in 2021 will be severely impacted. Why is that? Because ISR mining in Kazakhstan is a lot like planting crops. A mining solution has to be put into the ground, which will go into the ore bodies and after between 4 and 7 months the solution can be pumped back out together with the uranium ore. The only problem is that the main 'seeding' months where between April and September, right before Kazakhstan winter. They have now missed their main mining time of the year, which means little to no new uranium will be pulled out of the ground next year for the first time in a long long time. With Kazakhstan responsible for just around 40% of the entire global supply of uranium, this impact will translate into a major supply deficit on top of the already existing supply deficit. This year it is estimated that there will be around 120 million pounds of uranium produced, where 180 million pounds was demanded. This means that inventory and mobile supply had to be used to fill this gap, further tightening the global supply of uranium. Let's talk about the wildest situation, which would be every single uranium producer, including at Olympic Dam, just ramps up to full capacity and sell everything into the market at whatever the current price is. Will that drop the price a bit? Sure it will. Will it take care of the deficit and prevent this bull market from happening? Absolutely not. + +If this structural deficit happened to any other commodity, the price would absolutely skyrocket. So why hasn't uranium? Because there has been almost no talk of nuclear utilities, the main consumer of uranium, coming into the market to buy new fuel. This will change in 2021 and especially 2022 when 40% and 80% of all utilities in the US respectively will be out of contract and thus not getting their all important fuel for the nuclear power plants. + +This contracting cycle comes at the same time as the biggest supply deficit we have yet seen, the closing of several high profile uranium mines, like Orano's Cominak mine, the lack of new uranium mines for at least the next 2/3 years and above all the increasing demand for uranium all across the globe make this entire sector a coiled spring. We do not know when it will go off, but the longer it stays this way the higher the jump and this jump will come. My guess is that there are several small bumps this year and that there will be a huge jump next year which will trigger a bull market that may even eclipse the likes of 2002-2007 and will last between 2-4 years depending on how long it takes for all utilities to sign new contracts and the market to be supplied well again, after which the market will come back down to 'normal levels'. + +Lastly, there have been index funds who are restructuring their holdings to have more pure play exposure to uranium. $URA will move from 50% to 70%, adding 32 million dollars to the sector. With a sector that had such a small market cap, inflow of capital like this can move the needle substantially. Just imagine what will happen when the general investment community and all those people who made millions in the previous bull market decide to invest into the sector. That will do more than just moving the needle or spring the coil, that would put the needle and the coil into a cannon. + +All signs point to this being the most asymmetrical risk/reward investment you can find in the market. I will not deny the risk it brings, but the potential rewards are so large that they easily write off any risk that might be involved investing in this sector. When all is set and done, those that invested early and held on through all the volatility will be greatly rewarded for their troubles. + +Extras: +I highly suggest checking out people like Brandon Munro, the uranium insider, John Quackes, Crux Investor, Rob Chang and especially Mike Alkin who all have extensive information on the sector and the investment thesis. + +Disclaimer: +Uranium holds a 25% spot in my total portfolio, with significant positions in Cameco (CCO), Denison Mines (DNN) and Energy Fuels (UUUU). +My husband and I lived in Virginia until earlier this year, and moved to Texas for a seemingly awesome job offer he got because he couldn't find a decent paying job in his field there. Cost of living was rising rapidly where we were, things looked way cheaper in Texas, and this new job was even offering a 10k bonus! Except I couldn't find work in my field when I got here, so I took a 20k/yr paycut and they lied to him about what the job was so he left. His company is a revolving door and can't keep people; they burn through employees and saddle them with 10k worth of debt. + + Saving is impossible when we're living paycheck to paycheck, and now we both had to liquidate ALL of our savings to pay back that bonus. Every last dollar we saved is GONE. We came here hoping for better and we're worse off now than we would've been if we'd stayed in Virginia; we're stuck here until we can scrape together enough to move, and who knows how many years that will take. We're only in our twenties, but we worked our asses off to save that much only to flush it down the toilet. + +Fuck. +That is not DD. That is simply looking at the biggest movers, why they moved, and posting about it. I've seen so many posts here that hype up a stock literally hours, sometimes minutes before a stock jumps, or hours after it already has jumped. I know a lot of you will argue "well the PT is more than double/triple/quadruple that price!! Get in now!!" and maybe you're right, but for many, that risk is too high and the rocket has left without us. More often then not, when posts like these are made, there is a pullback that is severe enough to cause people to panic sell and lose money either after hours, during the day, or the day after. The point of the first DD post on a stock should be to introduce said stock, tell us \*why\* that stock is a buy at its current value, and, if applicable, how to play the trade (swing for a few weeks, trade off catalyst, etc.). I see way too many posts about stocks that have already gone up on the news they include, and this is not good DD even if the stock is a long term buy, at least in my opinion, because for the most part this has already been priced in. You're just posting about catalysts and news that anybody with Yahoo finance could have seen, and that's not DD. If the news has yet to happen or is more than one market day away, then that is proper DD, but posting after everybody has already gotten their gains and you're just trying to artificially inflate the price is pumping, and extremely low effort. I've gotten burned more than once listening to this sub when they try to justify that a stock has a PT of $2-5 when the stock is sub $1, and it is detrimental to the sub, the trust and faith people put in DD, and people's wallets. + + +I know as well that you're defense will be "well they tell you to do your own DD", and you're absolutely correct, but when the DD is about a stock with correlating news/catalyst that requires you to buy immediately unless you want to miss out on the rocket ship encourages anyone who was on the fence or already supportive to blindly buy at that moment, without doing their own DD, especially if it's during market hours and the stock is already in the process of going to the moon. Few have the proper time to do effective DD when the catalyst you're talking about has either already happened or is minutes/hours away from happening. + + +My point being, these posts made during market hours about news or "DD" that hype a stock up and call for people to buy immediately should not be flaired as DD or should be removed. Posting about a stock after you've already got your perfect setup, the news is already out, and the gains are already made is deliberately pumping, and that's a RDM, bro +Credit: [https://twitter.com/FatManTerra/status/1535623662153437185](https://twitter.com/FatManTerra/status/1535623662153437185) + +Do kwon was a paper billionaire with no way to cash out without causing a depeg. Heres how he used degenbox to cash out into usdt/usdc + +Lets start with what degenbox is: a borrowing protocol where people can loop stablecoin buys. You can stake collateral to buy UST, put it into Anchor, then use your aUST to borrow more UST, put it into Anchor again... You get the drill. It's Anchor on steroids. + + Terra influencers shilled this strategy en masse, and thousands of retail users began flooding into Degenbox to access the high yields. This created incredibly thick, near-immovable liquidity near the top of the peg zone (the $0.98 to $1.00 range). In a nutshell, it would allow for someone to cash out billions of UST for MIM at a 1:1 rate without disturbing the peg - all thanks to inorganic demand. + +Here's the total amount of MIM Do Kwon was able to cash out through the MIM/UST pool - without even moving the peg! $2,719,132,772.01, to do with what he pleases. No need to dump LUNA or sell UST on exchanges - he drummed up liquidity from all of you. + +https://preview.redd.it/17acssrn40591.png?width=572&format=png&auto=webp&s=79356b83aef142fd546bcf33972658175e3050f1 + +UST is the future, he said. Decentralized money is sound money, he said. UST won't depeg, he told you. 'Centralized stablecoins will rug you eventually.' So why did he cash out $2.7b from UST into USDT and USDC? Were all those words just lies? (Spoiler: yes.) + +https://preview.redd.it/lnqogfqt40591.png?width=850&format=png&auto=webp&s=e93885ed51bdb66e654f912358d6ff5b98688263 + +Here are TFL's outflows. $558m to KuCoin, $1.08b to Binance, $545m to Huobi - you get the gist. Ultimately, all of this money is liquidity being removed from the Terra ecosystem, exacerbating the collapse, bolstering TFL coffers - all while they lied to your face. + +https://preview.redd.it/zov83ccz40591.png?width=816&format=png&auto=webp&s=12e48c26e57df86fd7db10c3277c6b6208309b0c + +https://preview.redd.it/noikmgs050591.png?width=816&format=png&auto=webp&s=054257b4ccda21e26fa9bb70bdcf39662e6a951d + +Again credit to [https://twitter.com/FatManTerra/status/1535623662153437185](https://twitter.com/FatManTerra/status/1535623662153437185) and also [https://twitter.com/fozzydiablo/status/1487191909948960776](https://twitter.com/fozzydiablo/status/1487191909948960776) +$CUMINU is worth checking out. $7M valuation planning to make the world first Crypto Pornhub. + +Essentially because we are crypto the way models and pornstars will be paid will avoid 20% CGT Costs and CUMINU will take 50% less commission fees then its competitors. Meaning the girls on the platform can earn up to 30% more in revenue. Its a no brainer for them to come onboard, and some big stars are already reaching out. + +Check out the tokenomics further below to understand how the revenue made will be used to burn the Cuminu Tokens and ultimately increase the price of every token circulating making this very attractive for investors. + + + +- PornHub adverts starts within 24hrs (banners etc) + +- CMC: https://coinmarketcap.com/currencies/cuminu/ + +- $7M valuation + +- 90% Liquidity locked 2 years (no rug pull capable) + +- No 2%+ big wallets + +- Team tokens locked (they own 10%, 50% of that is locked for a month) + +- More than 30x until $CUMMIES Cum Rocket market cap. + +- Active interest from major influencers in the NSFW space. + +- Valid business model which allows us to deliver value to everyone involved + +- ETH chain for main coin (stability), BSC for currency (cheap transactions). Fees from tips burned into ETH chain. We charge our stars 50% less than any current platform. (10% versus OnlyFans 20%) + +- Some current models on board: Tasha Reign, Lacey London, Blair Williams, Allison Parker, Yvonne Bar, Bonnie Rotten. + +- Next model to be announced has 14m+ followers. + +- UpNextCrypto and TheCryptoRoom on youtube will be dropping a video on us as soon as theyre done. + +- TikTik Promos in the work. + +- In negotiations with a Stripper business in LA that owns 50 clubs and bars in vegas to start advertising. (Strippers are another target for the platform for webcam shows etc) + +- Current 10k Giveaway is active, twitter influencors to promote it today. As the MC increases more giveaways will happen with larger Prizes. + +- Whitepaper / Audit soon + +- Aim to get listed on CEX ASAP. + +- Team is always working hard to deliver and everything so far has been self-funded by the Dev. + +Cons: +The only real issue currently is the marketing delays which are out of our control as creators have been late so no more specific time frames will be given now to avoid dissapointment. + +Needs people fluent in other languages to help spread the word to non english speakers (chinese, russian etc.) + + +What their platform is going to offer: + +Cams +It’s just as the name suggests. Your favourite amateur stars on webcam hosted by $CUMINU. Models will be booked and tipped in $CUMINU tokens. $CUMINU will charge a 10% transaction fee. + +Content +Models will be able to host a profile on $CUMINU that has a range of unlockable content. These will include photos and videos, private message requests and even NFTs. + +Ama's +Plans to host fortnightly AMA (ask me anything) with the biggest names in the industry. The sessions will have tiered membership determined by number of $CUMINU in the holder’s wallet. Viewers will be able to purchase $CUMNIU before the AMA and tip the model throughout the session. + +Tokenomics / Burn +They are going to charge 10% on all transactions through the site. Then use those funds to buy back the $CUMINU and burn them. This makes the token deflationary. OnlyFans isn't for all the degens as you have to give ID and hand over your credit card details. Being able to visit these sites and tip in crypto will be a big win. They’re going to auction NFT's of the models during the AMAs. There are some crazy fans out there. Like the fanboys who buy $1m worth of bella delphines bath water a month. This has the potential to go viral and the AMA's blow up into big events. + +Roadmap +They reckon mid June for the site to be up and running and host their first AMA after with Tasha Reign soon after. + +Outlook +This is not financial advice but looks to be an easy moonshot (consider cumrocket). Liquidity locked. Team tokens locked. No whale wallets. Massive stars onboard. They'll use the profits to buy back tokens burning them making this deflationary. Just hold and ride the news highs. + + +For more information: + +Chart: https://www.dextools.io/app/uniswap/pair-explorer/0x7b412f141996411401f57e2ba1bc2235af807d4d + +Website: http://cuminu.io/ + +Telegram: https://t.me/CumInuToken + +Twitter: https://twitter.com/CumInuToken + +Uniswap: https://app.uniswap.org/#/swap?outputCurrency=0xd6327ce1fb9d6020e8c2c0e124a1ec23dcab7536 +I’m not sure if I’m just not understanding how dental insurance works, but I paid for the $832.00 out of my pocket. I logged into my dental insurance claims and it looked like this + +Total billed charges $832.00 +Humana discounts $409.00 +Benefit exclusions $76.00 +Amount Humana paid $201.40 +Your share $221.60 + +Am I just not understanding this? I paid them approximately $200 as a deposit before I even had the work done then I paid them $676 at the time of service… that’s well over $800 directly out of my bank account. + + I’ve received no refunds from them and the claim was paid on 7/5/21 + +Edit: thanks all, I’m going to call the office on Monday. + +Here’s a nice little summary of the comments if someone happens to come across this thread and needs a break down + +Courtesy of u/jace191 + +“While paying out of pocket sucks, so does being a small dental practice that has to go after tons of patients for unpaid bills. Sometimes even verifying patient benefits isn’t enough to ensure they will get paid - for example let’s say you see an Endodontist and a Periodontist in between when they verify your benefits, and your appointment for fillings. The insurance MAX is hit, and the dentist is out all that money IF you decide not to pay. So right now, your dentist hasn’t done anything wrong, and it’s a standard practice. How they react when you request the refund though is going to be very telling. If they balk or delay, call your insurance and report the provider (like others have stated). + +In the future, not only can they pre-verify your insurance, but they can submit an actual pre-authorization ahead of the procedure. Then you will know exactly your portion (it essentially is an EOB without a date of service) and likely won’t have to pay in full.” +First off, before you think I'm crazy, we are paying extremely cheap rent. My mom owns several investment properties and graciously allowed my husband and I to rent one for half of market value while I finished graduate school, and my husband is building his career. We realize we are extremely lucky and we are very grateful to her. + +I live in Southern California where property is extremely expensive. The only way we would be able to afford property of our own is if we moved to the outskirts and we both resigned ourselves to a long commute. (over an hour one way in heavy traffic) We have decent nest egg to put down for a down payment on a cheaper property. Would it be a completely stupid idea to buy a property on the outskirts of our city to rent it out, while still renting ourselves? +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + +To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! +I see that people often recommend 45 DTE and .30 delta. Most options I've looked at seem more profitable by selling weeklies. Example, RIOT next week with delta .3 gets 1.55 premium. Do that 6 times for a total of 9.30 compared to selling one time 42 days out with a .3 delta for 3.65. + +I've been trading for over 10 years but I'm fairly new to theta gang and just curious why choose the 42 day instead. Is it because of the profits from the much higher strike? +I'm sure everyone is dealing with the pandemic with a unique set of challenges. Whether it's helping family, dealing with illness, work stress, kids at home, or other financial stresses. + +I've been finding it important to take time to do little things to give myself little treats. + +At first, I ate whatever I wanted to with no budget on food. I got fat. Then: + +* Turned garage into home gym (treadmill, power rack) +* Got into running +* Golf / skeet shooting +* All kinds of mail order foods +* 2-3 week rentals near national parks (work from "home") +* Dedicating time to spend time with family and friends and using PTO / leave for that +* Appliance upgrades, planning remodel for home + +Curious what others are doing to improve quality of life at this time? Especially since most are not spending what they usually would on travel... +Hi + +Lately, with what has been going on, I started introspecting about my personal readiness to these eccentricities of fate. Thankfully, I've been fared well (have a stable, decent job where I can WFH, in times when people are losing theirs). + +But, instead of feeling smart, I'm just feeling lucky. Next time might not be same. + +So, before this year ends, I want to: + +1. Make a near exhaustive list of personal level black swan events that can happen to an individual +2. Figure out a way to 'quantify' these events (as in what it would take to limit the effects) +3. Create personal finance strategies (and put them in motion) to potentially counter these events + +Since, one person does not go through all the possible black swans, it is difficult for one to come up with a near-exhaustive one. Can I request you to share: + +1. According to you, what are different personal level tragedies that a person can go through +2. Can you share personal experience or anecdotal heresy, that conforms to this question +3. What strategies have you put, if any, to counter these events + +&#x200B; + +The usual suspects are well known: + +* Death + * Personal - Term Life Insurance + * Someone in close family - same? +* Accident resulting in physical handicap - I think there's some insurance for that as well included with term life, etc. +* Job loss (and, hence, company provided insurance) - Buy your own personal, family insurance as second option + +etc. +Welcome to the Daily General Discussion thread of /r/EthTrader. + +Find the latest Daily Altcoin Discussion thread by selecting the top result on this [search page](https://www.reddit.com/r/ethtrader/search?q=Daily+Altcoin+Discussion&include_over_18=on&restrict_sr=on&t=all&sort=new). + +*** + +The thread guidelines are as follows: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- If the top page becomes overloaded with memes, all but the top two voted may be removed. If we need to remove a bunch of memes from the top page, post memes in this thread first and upvote the best so the mods know which ones to keep + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +I found this undervalued gem! This will moon 1000X next month for Euro 2021!! + +FootballStars ($FTS) - interact with your favorite stars today! An NFT marketplace for football enthusiasts and professionals alike! + +&#x200B; + +1B MARKETCAP IMMINENT!!! + +&#x200B; + +Less than a week old with 30K holders, 20k TG members and mcap of $80M. Come see what the hype is all about! + +&#x200B; + +The new dimension where crypto meets football is here with FootballStars brought to you by the famed Marcello Brozovic and Davide. FootballStars aims to connect fans, professional players and clubs alike around the world. Soon, everything football will be available at the palm of your hand. + +&#x200B; + +The team is hard at work as they plan to partner up with some of the most famed, in which some have already expressed their support (Ivan Perisic and the most recent, ARTURO VIDAL!). I also urge you to read up more in detail about their roadmap on their website but trust me, it doesn’t disappoint. + +&#x200B; + +Staggering achievements since listing include: + +&#x200B; + +✅ Bilaxy (major exchange) listing + +&#x200B; + +✅ Cointiger listing + +&#x200B; + +✅ BKEK listing + +&#x200B; + +✅ CMC untracked listing + +&#x200B; + +✅ CG listing + +&#x200B; + +✅ Coinhunt registration + +&#x200B; + +✅ Major partnerships (e.g. SafeBTC and multiple other football celebrities) + +&#x200B; + +✅ UniRocket bot + +&#x200B; + +The white-paper and audit are also on top of their list of to-do and are currently being worked on. The official CMC listing is pending too. + +&#x200B; + +Tokenomics (7% slippage): + +&#x200B; + +⚽️ 1,000,000,000,000 Total Supply + +&#x200B; + +⚽️ 400,000,000,000 Presale + +&#x200B; + +⚽️ 350,000,000,000 Liquidity + +&#x200B; + +⚽️ 150,000,000,000 Marketing + +&#x200B; + +⚽️ 100,000,000,000 Maintainance/Development + +&#x200B; + +⭐️ Contract: 0x6507458bb53aec6be863161641ec28739c41cc97 + +&#x200B; + +🌐 Website: [https://footballstars.io](https://footballstars.io) + +&#x200B; + +🕊 Twitter: [https://twitter.com/footballstarsio](https://twitter.com/footballstarsio) + +&#x200B; + +💬 Telegram: [https://t.me/FootballStarsIO](https://t.me/FootballStarsIO) + +&#x200B; + +Ⓜ️ Medium: [https://footballstars.medium.com/](https://footballstars.medium.com/) +Earlier this year I had my 6 months of expenses in a savings account. But then around February-April inflation fears started being spread all across the media. And instead of being afraid of stock market crash. My thoughts were why am I keeping so much cash in a savings account if inflation is eating away at it each year. + +My thinking is even if my portfolio crashes 90%. I would still have enough to cover 6 months of expenses. But the thing is if that worst case happens and SPY/VOO/VTI crashed 90% there might be bigger issues in the world than the money I lost. The best case is my capital appreciates higher than the .01% as well as higher than inflation it would have gotten in a savings account. Anyone else do this? +https://www.washingtonpost.com/business/economy/trump-says-china-is-paying-his-tariffs-but-us-companies-keep-getting-the-bill/2019/07/22/cbe5a1e4-aca3-11e9-bc5c-e73b603e7f38_story.html + +Dozens of companies have begun shifting their supply chains from China to other locations, although most stay outside the United States, disappointing Trump’s hopes of a large-scale reshoring of lost factory jobs. + +The president last week repeated his contested claim that Americans “aren’t paying for” the tariffs. The most comprehensive analyses to date — a pair of studies by economists from institutions such as the Federal Reserve Bank of New York, Princeton University, the World Bank and Yale University — concluded that Americans are paying the entire bill. + +Yet for all the talk about tariffs, the aggregate economic effect has been modest. Inflation remains below the Federal Reserve’s 2 percent target. And although some businesses have postponed planned investments, consumer spending in the factory and farm communities most exposed to the trade war has been unaffected, economists at Bank of America Merrill Lynch reported earlier this month. +Dow Jones industrial average posted its strongest quarter since 1987 after surging 17.8% in the past three months. S&P 500 soared nearly 20% in the second quarter, its best quarterly gain since 1998 and finally, Nasdaq Composite rallied 30.6% in the second quarter, its best such period since 1999. + +[https://www.usatoday.com/story/money/2020/06/30/dow-stocks-track-best-quarter-decades/3284359001/](https://www.usatoday.com/story/money/2020/06/30/dow-stocks-track-best-quarter-decades/3284359001/) +First off - this community has been awesome to read and lurk on for me for months. Reading through others’ situations has helped a ton, so thanks fatFIRE-ers. + +I’m 35m, $1.3M NW, married, 2 kids, very little debt (one small-ish car payment). I started this journey 6 years ago when my income was about $80k/yr and living in VHCOL area and was sick of being poor. I set my sights on getting to $1.2M and making $400k/year by the time I’m 40 (basically a 10 year runway). + +Well, I’m at my NW goal and rapidly getting to the annual income goal (on pace for $320k in 2022) after starting my own consulting firm and really hitting my stride quickly and bringing on some great accounts (that have been very successful engagements). I’ll be honest, I’m not quite ready yet. + +I’ve played the RE game really well, have 2 rentals and my primary residence. Debt to equity % just crossed below 50% and that’s where $1M of my net worth sits. The other $300k is in stocks mostly with a little bit of crypto holdings. + +I’m putting my business in situations to be involved in deal flow and getting equity in start-ups that we help scale. Im pursuing opportunities that can earn me outsized returns on my investments of time/energy/capital. + +My new goal is to get to $5M liquid by age 45 and an additional 2 rental properties so that my cash flow from rentals is about $5k/month (but in long game gets to $10-15k/month by age 60 or so). + +We are pretty frugal, drive older used cars that are reliable, we make sure our young kids have what they need and a few things they want, and we like to splurge occasionally on fancy nice groceries/food, cool shoes/clothes, and an occasional killer hotel for a few nights. + +I have a great tax person, but no lawyer. Awesome support system in family but no one else really to look up to and ask advice from that’s been in a similar wealth situation (I’m as middle class as it gets and so is my family). + +My question here for everyone is - what else don’t I know? What else should I be doing/thinking about? Did anyone else get to this point quickly and not really know what to do next? +My lender has been mailing me fairly often as of recent about how they want to refinance my loan - so I figured I would make the call and inquire given rates have dropped. After a short and simple introduction, they said I was a good customer and that they wanted to keep me as a customer and were willing to lower the rate by about 0.4% -which they promised would save $175 a month. No closing costs, no appraisals, no work on my behalf other than the paperwork - sounds good, but I asked for it in writing to verify. + +I keep track of all my loan amounts with an excel based amortization table, since I sometimes pay a little extra to hopefully pay off the loan by my planned retirement age. After trying to get their figures to work, the file kept showing a balance on their new loan when i expected it to be paid off. Turns out that instead of just knocking down the rate, they also wanted to recast the loan into a 25 year loan vs. my roughly 21 years left on my existing loan, adding 54 payments. + +Net net over the life of the loan, their offer was actually in favor of the lender by about $7500 vs. my existing loan. Yes, it might be nice for cash flow if my goal was to invest the rest, but not quite the "good customer" perk they made it out to be. If you get one of these, get the terms and do the math. +Cannabis stocks are hot ahead of a House panel hearing on a federal legalization bill. +Published WED, MAR 30 2022 +By Frank Holland + +https://www.cnbc.com/2022/03/30/cannabis-stocks-are-hot-ahead-of-a-house-panel-hearing-on-a-federal-legalization-bill-.html + +KEY POINTS: +•Investor optimism over the possibility of federal cannabis legalization has contributed to a strong rally in beaten-down pot stocks. + +•The Alternative Harvest ETF has gained more than 10% in March, and its on pace for its best month since February 2021. + +•On Wednesday, the House Rules Committee is set to hold a hearing on the MORE Act, which would decriminalize cannabis at the federal level. + + +On Wednesday, the House Rules Committee is set to hold a hearing on the Marijuana Opportunity Reinvestment and Expungement Act, which would decriminalize cannabis at the federal level. The bill — better known as the MORE Act — would also create provisions for banking and consumer packaged goods sales. The measure is expected to head to the full House for a vote Friday. + + +Edit: +Progress today!! + +Federal Marijuana Legalization Bill Amendments Get Committee Review Ahead Of Floor VotePublished 1 hour ago on March 30, 2022 By Kyle Jaeger + +https://www.marijuanamoment.net/more-amendments-to-federal-marijuana-legalization-bill-filed-ahead-of-floor-vote/ +Unfortunately many credit card companies and for-profit banks will merrily sell/share your personal data unless you opt-out, but the more responsible ones have at least added sections to their online account portal that tell you about it and make it easy to opt-out (Chase is a rare positive-ish example). Unfortunately Discover buries that information in their Privacy Statement and makes you call 1-800-225-5202 to opt-out. They're clearly hoping people won't read the statement and won't opt-out, which is a sad and disappointingly anti-customer approach for them to take. Aside from them, I definitely recommend checking the privacy policies for all of your financial institutions and finding out how to opt-out of data sharing if possible. +Usually (and by law) this is only offered once per year. + +From AnnualCreditReport.com: "**During these times of COVID-19, accessing your credit is important. That's why Equifax, Experian, and TransUnion are now offering free weekly online reports through April 2021.**" + +With ID theft rampant nowadays, it's always a good idea to check your credit report at least once a month, if not more often. + + + +FAQs: + +Checking your own credit report does NOT affect your score. + +You may have trouble pulling your report though this site if you have an active fraud alert/security freeze. + +This site will not provide any kind of credit score. (Both Discover and Experian will offer you free FICO scores on their platform.) +After just over 31 years at the same company, and the only company I've ever worked for, I'm walking out the door for the final time at the end of the day! + +I'm freaking out a bit, but I'm ready. I've been planning for this for many years and cannot wait to get started on the huge list of things that I'm retiring to. :) + +\[Edit\] - Responding to questions from the comments. :) + +The Industry - Healthcare related. + +The Roles - I spent the majority of my career in IS. Started out as a very junior programmer and ended as VP supporting one of our global business functions. Lots of ERP implementation and acquisition integration experience mixed in along with a bit of data governance. + +The Numbers - I'd rather not share any specific details. I'll just say that my AWR will be less than 4% and I'll be "taking home" the same amount as I am today. + +The List - When I started FIRE planning in earnest about 5 years ago, I pretty quickly realized that you need to be retiring to something rather than from something. I've got lots of hobbies and interests. I'm also a list guy so I started writing down ideas as they came to me. They are a mix of things I do today but want to do more of and things I want to try. I did a lot of reading on how to have a meaningful life and came up with the idea of categorizing my list: + +* Heart - Activities that make me happy. Basically hobbies and fun activities. A few examples: Beekeeping, teaching myself to weld, working through an entire cookbook over the course of a year, working through the continually growing stacks of books, Lego building. +* Mind - Activities to try to keep me sharp: Learning 3D printing, taking online classes, a bit of IT strategy and leadership consulting. +* Body - Activities to stay healthy: More marathons (regular and ultra), P90X, yoga. +* Soul - Activities to give back: Non-profit board work, reading mentor at a local elementary school, getting involved in local politics. + +(Note: Those are only a few examples from each category. The list is huge.) + +My intent is to do at least 1 activity from at least 2 different categories every day. One of my very first post-retirement projects will be to build a balance scorecard where I can log what I do. I figure that I can have a balanced, rewarding, and meaningful life if I keep a good mix across all of the categories. I know this approach isn't for everyone. I'm feeling good about it and totally reserve the right to adjust as needed! +For me anyway. I've had £20,000 in there for two years. I haven't won anything in 5 months now. + +Over 2 years I've won £150 in total. According to the premium bonds prize calculator, I should on average have won around £250-£300 with that amount (depending on luck of course). + +I'm thinking of pulling the plug and heading over to Marcus, which would actually make me money each month with another £20K top up in it (around £18.50 a month, every month) at 0.60%. + +My brother has had premium bonds now for around 10 years, and made £75-£100 a month, almost every single month in 2020, on only £15K. Literally the cheques were flying through the door. + +He opted for cheques in the post for those 10 years and now has opted for the online bank transfer since NS&I said they were stopping cheques, and as a result he's gone from winning every single month without fail to never winning at all (nothing for 6 months now). + +Has anyone else recently gave up and quit premium bonds? Is it even worth hanging on anymore since the chances to win have gone down? + +I'm also interested in the Vanguard ISA. But absolutely need a run down on how it works before investing my £20K in there. I've heard the interest rates are at around 11% at the moment, depending on your portfolio assets. If anyone is familiar with it and can give me a run down (ELI5) that would be really appreciated. +So a bit of background. + +My grandfather died when I was 4 and my mom passed the inheritance to me (1/3 of his 1/2). My grandmother died 3.5 years ago and in her will the split was 1/2 for my uncle (who had brain trauma as a child and so is developmentally impaired), and 1/4 to my mom and aunt. + +My aunt bought out my mom's share from her after my grandmother passed. + +The property was a 505 square meters, with a big garden and a house in pretty bad shape. + +The property was values at 14 million HUF officially back then, but my aunt said she didn't want to sell it so cheap and we had time to wait for a good buyer and was aiming for 18 at the very least. This was in may 2019. + +We didn't find a buyer and then COVID happened so things got postponed. I have a decent relationship with her but we aren't close and we don't keep in touch much. + +She did mention in a passing comment once that she planned to renovate it, but i assumed shed let me know when it happened. + +Fast forward to yesterday, she calls me that there's a buyer and that I need to travel there to meet the lawyer and sign the contract next Tuesday. I ask how much is the offer, she says 38m, I'm a but confused and she says that my share will be of the original valuation 3 years ago, I say okay, we hang up. + +Today I got the contract and it mentions that she paid for renovations out of her own pocket (there's a list of things done. Wood flooring, bathroom, drainage and removal of stuff from the property) and the other owners will get their share based on the 2019 valuation. + +Now, I don't *need* the money and it's something I planned to invest in case my mom needed assistance later in her life since she's schizophrenic, and it partially makes sense that since she renovated it and dealt with the real estate agents etc she gets a bigger share for that, however: + +1) I was not involved in the renovation plans or process at all +2) the market value of properties in my country has risen 55-77% since then depending how you calculate it. + +Am I wrong of thinking this deal is pretty unfair for me? + +Should I push it? And if yes, what kind of arrangement would be fair without burning a bridges down? + +(I asked a lawyer acquaintance and he said legally I can ask for the 1/6th of the sale so the law is on my side, but I consider that the nuclear option) +Apple sits on \~140 billions in cash which I assume is the largest cash reserve a single non-state entity could freely deploy on a market today. Would such amount of cash be enough to force (not just influence) countries (G8, G20...?), industries (automotive, airline...) to adopt certain policies through threats of using the entire cash against their currency/stock/etc? If 140 billions is not enough, how much would you need to become a global power without having an army? +I am really enjoying reading and learning about economics, but I find it tough to say succinctly why this field is so interesting and important, so im curious what you guys have to say +The quote came from his discussion during an interview on the Ezra Klein Show released on Dec.12/2019. I understand the actual policy of a GND is extremely amorphous but presume it looks something like the House resolution sponsored by AOC since that is something he's endorsed as far as I'm aware. + +What does it mean to not pay for a bill. Spend and forget? Print money? Or is there some sort of calculation being made where the future costs of current inaction weighs much heavier than any deficit spending in the now, then factoring in any perceived ways such a bill could "pay for itself". Just not really used to that sort of language, and I figure there's more to it. + +I understand some caution using Krugman's academic achievements to certify his normative claims absolutely, but this seems to be more an analysis on the actual economic feasibility of such a bill. +There has been a large influx of new subscribers and posters asking about what the heck is going on with Gamestop and /r/wallstreetbets. This is understandable, but there have been a lot of redundant posts simply asking "what is going on?" Given the popularity, we're going to focus all of those questions into one single thread that users can browse and remove any others. Feel free to ask any questions regarding this event as top-level comments on this post, and do not create new posts that would otherwise belong here. + +Bringing silly WSB memes or ranting over here will result in a tempban. If you are coming from one of those subs, please make sure to read our sidebar rules, *especially* rules II and V. + + +Here are some recent posts by users which may help: + +https://old.reddit.com/r/AskEconomics/comments/l6at42/while_gme_may_have_made_us_all_chuckle_isnt_it_a/gl00f7u/ + +https://www.reddit.com/r/AskEconomics/comments/l6g7m9/eli5_what_is_rwallstreetbetselite_doing_and_why/gl18i70/ +A lot of people nowadays talking about living off passive income when they’re even younger than 60. + +**I actually know a lot of people that invest most of their money into safe dividend stocks.** They are in their 20-30s though. + +One of my friends has 200k in bank stocks. Literally put most of his paychecks into dividend stocks. + +Is this stupid or is it just not realistic? +Husband’s grandma passed away and left him some gift money. After all the tax and fees, it comes to a little under $200k. + +Husband and I are both 28. We have been maxing out 2 401k, 1 Roth IRA and 1 family HSA. We have a 9 month emergency fund sitting in an HYSA and I-bonds. The checking account we use for monthly expenses has the max OOP amount plus 1 month expenses. We also have $35k saved for baby in a 529 account under my name (in case he can get scholarship in the future). We both have no debt other than a mortgage of $345k sitting at 2.5%. + +I did everything I could to set us ahead, because we did not expect any inheritance. This chunk of money is a surprise and we just don’t know what to do with it. Should we utilize it to create some passive income? + +My parents suggested we look into investing in real estate (rental), but we have zero knowledge in this space and we are both not very handy. My in-laws thought we should give e-commerce a try. I don’t want to burn through it doing something we have no clue about. Is there some courses we can take to educate ourselves? +Hey everyone I’m wondering what are some good leaps to purchase the next time there is a big market sell off. I feel like the obvious ones would be AAPL, SPY, QQQ, MSFT. But I’m also wondering what about leveraged ETFs such as TQQQ, or SPXL. What are some cons to purchasing TQQQ leaps at .85 delta and 1+ years out. My plan would be to run the PMCC and sell far OTM weekly calls for a little bit of cash while the leap gains in value. Any advice is welcomed. Thanks! +This is the official $GME Megathread for r/Superstonk. Please keep ALL conversations contained to Gamestop and related topics. + +**Not enough karma?** Here's a [**quick guide**](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +# [announcements](https://www.reddit.com/r/Superstonk/wiki/index/announcements) + +* Make sure to check the Announcements regularly. 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All U.S. companies and most foreign companies already work with the PCAOB in this way, but Chinese ones **MCHI,** **-0.59%** + +What do you think guys? LONG ON TESLA or SHORT on NIO/LI or other names from China \[BABA\] + +I think TESLA is still the way to go, with the Model Y just approved for selling in China, numbers will be great next earnings report i think +For starters let me provide some context so I can attempt to explain where i’m coming from. + +I’m 29, im recently in a new job earning 130K (very stoked and proud of getting here) I’ve got 64k in the stock market (24 in roth, 40 in stocks), 60k in crypto’s and 70k in the bank. + +I work hard. I freelance on top of my full time stuff, I freelance on top of freelance, i’m often rebalancing my portfolio and looking for any and all ways I can make some extra dough, like selling things on facebook market or doing quick design gigs for friends. + +I enjoy work, I enjoy setting goals and meeting them - and learning through the process of sending cold emails and outreach and working with teams and being responsible and challenging myself - it’s all part of what makes you better overall. But I also feel myself further from being able to ever really relax. I so badly want to be a millionaire in my early thirties and I know I can, and I know I’ll have to put in the work for it - but at the same time it’s like i’ve forgotten how to take a break sometimes. + +The older over gotten i’ve also realized the importance in really putting time in strategy before executing, and I need to transition away from the go go go work work work mentality but it’s difficult. + +I have two friends who are younger and older than me who both made a million off the crypto come up, and id be there too if I simply +held the investment (although at that point in time a few years ago, I had essentially no savings and was not doing so hot financially and had to liquidate what I had for rent) and I sometimes find myself sulking in that fact. It’s unfair to play the woulda shoulda game, but knowing how hard i’ve worked for what I do have now - it’s aggravating thinking I could +have had even more than my current net worth by literally just letting time pass. + +This post is really just me aiming to start a dialogue with people who might have had similar struggles of really just consuming themselves in work - for better or worse, and their findings and how to keep your mental health in check while you’re on the financial journey. + +Thanks and any input is appreciated +Back when I was poor (pre-financial independence), I used to drive some sad looking cars. I kept the car going through a combination of grit and rubber bands, anything to keep it on the road for just a few more months before it completely died on the side of the road. + +Now that I am well off financially, I still struggle with the idea of buying a new, or just slightly used car, when my mechanic can help me get just a few more miles on the old car. + +At 150K miles or more, I may be spending more money on repairs than the cost of just getting a new car. + +Has anyone else here done the math of keeping a car past 150K miles even though they can now afford a new one, now that we are financially independent? +I am new to investing thanks to my GME and AMC positions. I'm wanting to invest more (I'm 31). The talk of a massive bubble burst and recession has me concerned about buying many S&P 500 type companies and etfs. are there any good dividend stocks I could buy today. I'm looking at AT&T and Hormel at the moment. based off basic google searches. + +&#x200B; + +Thanks in advance for any guidance. +What does your post FIRE budget look like? I wrote one up for myself and even with 2 luxury vacations a year (business class, 5 star hotel), weekly cleaning service, shopping, eating out, and beauty services, I’m still under 100k a year. This is assuming a paid off home and property taxes/maintenance under 20k a year. +I’m getting a bachelors in social work, but am super interested in economics. My interest is mainly around income inequality, and policies that alleviate poverty and I think economics is a better fit for me than traditional social work to alleviate poverty (no disrespect for social workers doing direct practice and stuff). I’m looking at Illinois state or university of Illinois Champaign Urbana. Any advice would be great! Thank you! +As of right now we have been experiencing economic growth for 98 months. The longest ever economic growth period since the great depression was 120 months from 1991 to 2001 with the average being 59 months. Recent stock growth over the past year has been over double the yearly ten year average. Just looking at the cycles I would think that a market crash is impending. Why do is there not much concern about a bubble? +The CBO's monthly budget report was recently brought to my attention. It shows that tax receipts have increased by $14B from 2017 to 2018: [https://www.cbo.gov/system/files?file=2018-11/54647-MBR.pdf](https://www.cbo.gov/system/files?file=2018-11/54647-MBR.pdf). Granted the overlays increased too leading to an increased deficit, but my understanding is that that has to do with our increased military budget, not the tax cut. + +Did supply side economics work? Or am I missing something? I thought the idea that tax cuts could pay for themselves had been mostly abandoned by economists. +How often do academics go on to trade using their fancy stochastic volatility models? + +There are mountains of papers that can be found that describe very fancy stochastic volatility models. Most of them are extensions on top of basic models such as https://en.wikipedia.org/wiki/Stochastic_volatility#Basic_model. There is a good mix of both theory focused and application focused (i.e. modelling historical data) papers. + +What's surprising to me is that I can't seem to find very much information about these models being used in practice for live trading. Does anybody know why? Assuming that the models are somewhat achieving their stated goals, one might think that it would be possible to for example trade options profitably via the model's superior volatility forecasts. A lot of the fanciness and extensions in the models, such as volatility clustering and skewed/leptokurtic distributions of log returns, actually *can* be observed in empirical data. + +I would hope that one of the following explanations is true: + +* The models have zero predictive power in practice. For some reason, it's better to not even try to model volatility with them, than otherwise. + +* The models do have some predictive power, however on average are dominated by bid/ask spread and trading fees, so it's impossible to trade profitably using solely them. + +* The models do have some predictive power, and it *is* possible to trade profitably using their forecasts. For some reason, there have been no papers or accounts of this in the, for example, ~40 years that ARCH models have existed. + +Does anyone have any insights here? +Linear regression models are easier to implement, do not require any complex statistics libraries (OLS only requires basic matrix operations), need much less training data, can be interpreted and improved much easier and are less likely to overfit. They can approximate any non linear relationships with polynomial regression. Using some very basic OLS regression on market data to forecast furture market direction in matlab shows some very promising results. I understand machine learning is useful when you dont have a clear list of features but with algo trading you have so many features you can use that have clear statistical power (ta indicators, moving averages, past x values ext) it seems using deep learning for trading is like throwing away all the knowledge you already have and trying to reinventing it. +The community sentiment on Raiden went south since we announced our token launch. + +It looks like a larger fraction of the community, than we had anticipated, has had the misconception that Raiden is ran by the Foundation. Instead we are a for-profit company that bets on the success of Ethereum. Although we tried to make this clear on our website from the beginning, the misconceptions are still to some extent our fault. We have not been good at providing frequent updates and clarifications to the community in the past. + +We are sorry for this and the disappointment and anger this might have caused when we announced a token launch. + +Let’s try to look at Raiden from **a fresh and neutral perspective:** Assume a company would announce today, that they are planning to bootstrap a global scalable, low latency and cheap micropayment infrastructure. And that they are building this as an extension to Ethereum that allows it to scale by a factor of 1000+ for token transfers and reducing cost by a similar factor while providing sub second latency. Thereby, they’re aiming to solve major issues for many existing Dapps while enabling even more new use cases. They have delivered a working PoC based on 100K+ lines of code and would then announce a token launch. Please stop reading if this would already turn you off. + +Still with me? Then let’s first take a look at the good aspects and then at the more controversial issues. + +**The Good:** + +* Their system is really needed and potentially adds tremendous value to Ethereum. + +* They are developing the software and make it available for free, open source and it can be used and forked free of charge by everyone. + +* They understood that a world wide payment network cannot be bootstrapped and maintained based on donations and without being able to set incentives for a multitude of players in the underlying ecosystem. + +* They also understood, that a rent seeking or otherwise monopolizing token might hinder adoption of the system and therefore don’t enforce a token at the core of the protocol. + +* They are instead willing to compete and bet on being able to bootstrap an off-chain ecosystem of services aligned around “their” token while not crippling interoperability. + +* They did not hype the project, they actually spent zero on marketing or on shills. + +* They didn’t do a pre-sale. + +* Their token sale allows everyone to participate on the same terms, providing certainty of participation (i.e. it will run for a few days at least) and valuation at the same time. + +* They didn’t grant the developers any free tokens, but instead let them only participate in the overall success of the company and have set a 4 year(!) cliff. + +Now on to the more controversial issues: + +**“No Token Needed!”** + +Assuming this refers to the question if a medium of exchange is needed at all in such a system, then the answer is: Yes, it is. Light clients need to access services provided by full nodes in a Raiden Network and pay for this (unless one is convinced that the backbone of a reliable global payment infrastructure can be provided by altruists who bear the cost). + +**“Why not ETH?”** + +This is an interesting question. We acknowledge that from an ETH holder perspective, getting the Raiden vision delivered for free as part of the Ethereum deal would be desirable. +At the same time Ethereum gets value from all innovations built on top that further the adoption of the platform. And these innovations would not exist, if Ethereum didn’t come as a system which enables to capture the value of a project in a dedicated token. + +**“Dutch Auction failed before!”** + +The Gnosis auction left many unhappy as the funding target was matched after only a few blocks. The Raiden auction will be different, since a fixed amount of tokens will be offered during the auction. This guarantees the auction will run at least for a few days and should allow everyone interested to participate and get the same final price, irrespective of the time of their bid. Consider to [take a look](https://medium.com/@raiden_network/the-raiden-token-auction-explained-1cc0c7946b26) before you judge. + +**“You are not able to bootstrap a global payment channel network!”** + +This issue was actually not raised. But I think this is the question that one should think about. What does it take to execute on the idea of building a global payment network on top of Ethereum? What would the impact of this be? Is a dedicated token or an auction really the deal breaker here? + +You don’t have to agree with the above or like what we are doing. +We’ll continue our work to scale Ethereum towards wider adoption - benefiting all of us. + +What/how do people see the crypto currency market doing/reacting when that happens? Amazon will be the first tech company to hit 1 Trillion, if not Apple - The beautiful reality with tech striving for that trillion dollar valuation, is that crypto currency brokering could take them there.. + +Will amazon be the first to figure this out? + +I think so. + +Moon. +You could be worried that when you're 40, you won't have a career for some reason (automation, health problems, etc). I'd say this is a big contributing motivator for me, how many people does this apply to? +Growing up, my family has gone from rich to poor and then back to rich and then poor. Thankfully nowadays, my family manages. In debt but I don’t think anyone can call us poor. + +Maybe my experience growing has a lot to do with it but I feel constantly poor when I’m actually not. + +I graduated college a couple of years ago and have worked myself to a 60k/year job. More than most of my friends. + +I’m always able to save a big chunk of my paycheck every month but I constantly feel nervous that I can lose all of it in a blink of an eye. + +Like when my friends nonchalantly blow 100s of dollars at the casino or buy tables/bottles at the club, I sometimes envy their “Life is short” mentality. + +Recently I got into a fender bender that is going to cost me a grand to fix but it has been stressing me, where I feel like I’m gonna lose everything I’ve saved so far. + +My savings is currently at around 15k and everytime I fail to save an extra few dollars, I stress about it. + +I know I’m the furthest thing to being poor but how do you guys deal/how have you guys dealt with this mentality? + +I’d like to enjoy life a little more while still saving but I can’t seem to stop stressing even when I have a more than cushy amount of money saved up... +I want to offer up my time to host a Live AMA with anyone from Ortex that can talk about their platform and answer questions we have. + +u/Ortex_Official would you be interested in taking part in this AMA? + + +I want to make it clear, this is not with any intention of raking you over the coals or anything like this. I want to try to provide a genuine space for you to discuss your platform out in the open to all of those interested. I want to give you an opportunity to clear things up if that is the case. + +Let me know what you all think/if anyone has any suggestions. And u/Ortex_Official if you have any question/requests please feel free to ask! + +Trying to be as open and honest as possible. + +&#x200B; + +Cheers! +🦍🍻🦍 +EDIT: since some people are confused - this isn’t my main account, I set this up specifically to help new traders see how it can be done. I chose 30k to meet PDT requirement with some cushion. The goal is to double the account and show traders that they don’t need to use momentum trading to be consistently profitable. I’ve already been trading full time for the past five years. + +In order to show people that one can Day Trade for a living and it does not require starting with an inaccessible amount of capital, I have started the $30K challenge three days ago. + +I am a full-time Day Trader, and I have found that the reason most people fail at this is because - + +**A)** They do not put in the required work + +**B)** They believe Day Trading is primary "Momentum Trades", otherwise known as "Gap n Go". + +So I set out the goal to double the account in four months. I post every trade live as I do them (here are today's trades: [https://www.reddit.com/r/RealDayTrading/comments/osye6m/30k\_challenge\_day\_3/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/RealDayTrading/comments/osye6m/30k_challenge_day_3/?utm_source=share&utm_medium=web2x&context=3) ), and I also put the link to my public Tradersync in my recap post ( [https://www.reddit.com/r/RealDayTrading/comments/otm4q0/day\_3\_30k\_challenge/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/RealDayTrading/comments/otm4q0/day_3_30k_challenge/?utm_source=share&utm_medium=web2x&context=3) ) + +I am not selling anything, I do not have a "channel", do not own, work for or get rewarded from any trading service or resource - I was simply sick of hearing that "Day Trading as a career is impossible" when I do it every day. So I figured I might as well help others that are serious about doing this full-time and show them how it can be done. + +On Day 3, I am currently up $2,835, so the account is now at $32,835. This is not my regular trading account but one I set up specifically for this challenge. You can see the trades and the timestamp of when they were posted, and you can also look at the public journal of every trade. + +I believe that most people who want to do this full-time just want to make a better life for themselves and/or their families - and I also got tired of watching person after person take bad advice and lose all their money. For those who know me, I am never short on "giving advice"; however, advice is meaningless unless you can back it up - well that is what I am doing here. + +Best, H.S. +I commented on a post last night and it got a lot of attention and caused me to spend some time thinking about the trading community at large. I received numerous messages and words of encouragement and as I was reading through these and talking with my wife I told her how much I enjoy teaching and helping other traders. It's one of my biggest passions in life. + +I am certainly not the best trader in the world. I'm not a millionaire and that's not my desire if I'm being honest. I make mistakes. I make bad trades. But I'm always trying to improve. I'm always studying and trying to grow and trying to get better. I'm always available to help others. + +Basically the point of this post is simply to say this - I'm available. If you want a mentor, if you want help, if you have questions, I'm available. And I'm not one of these furus on Instagram or YouTube promising riches and lambos if you pay me x amount of dollars per month. I can't even fathom charging to help others. But I just want to help other people. I want to see others succeed and I want to see others receive the benefits of trading like I've received. + +So if you need help. Send me a message. We will setup an email thread, a discord chat, whatever works. But I'm learning more and more as I've been trading that what I enjoy more than most things in life is to help other traders. + +Trading certainly is an individual game, but let me tell you it's SO much better to be a team. + +EDIT: Damn fam thank you all for the kind words and encouragement! I am currently working through the messages and will make sure to respond to everyone. THANK YOU again I am truly honored and humbled. +I commented on a post last night and it got a lot of attention and caused me to spend some time thinking about the trading community at large. I received numerous messages and words of encouragement and as I was reading through these and talking with my wife I told her how much I enjoy teaching and helping other traders. It's one of my biggest passions in life. + +I am certainly not the best trader in the world. I'm not a millionaire and that's not my desire if I'm being honest. I make mistakes. I make bad trades. But I'm always trying to improve. I'm always studying and trying to grow and trying to get better. I'm always available to help others. + +Basically the point of this post is simply to say this - I'm available. If you want a mentor, if you want help, if you have questions, I'm available. And I'm not one of these furus on Instagram or YouTube promising riches and lambos if you pay me x amount of dollars per month. I can't even fathom charging to help others. But I just want to help other people. I want to see others succeed and I want to see others receive the benefits of trading like I've received. + +So if you need help. Send me a message. We will setup an email thread, a discord chat, whatever works. But I'm learning more and more as I've been trading that what I enjoy more than most things in life is to help other traders. + +Trading certainly is an individual game, but let me tell you it's SO much better to be a team. + +EDIT: Damn fam thank you all for the kind words and encouragement! I am currently working through the messages and will make sure to respond to everyone. THANK YOU again I am truly honored and humbled. +I have no debt, but I also have nothing saved for retirement. I was crazy (literally and figuratively) in my youth and am trying to play catch up on alotta things, trying to figure how this settling down and being an adult thing all works. + +I know saving is essential, but I’m also sick of throwing money away on rent. I have about 10grand in the bank, and bring home about 48 a year. + +I will be sitting down with a financial planner and a mortgage broker soon to see what’s what, but would like to hear opinions here! + +Edit: +My employer does not offer anything, no IRA, nada +[Article](https://www.nytimes.com/interactive/2019/10/03/your-money/middle-class-income.html) + +This NYT article seems aimed at showing the range of middle class incomes and how seemingly minor things can make a normal life feel impossible. I pulled in all the numbers from the article (some were combined so comparisons could be made between families). A few things jump out quickly. In terms of expenses: + + * ~~Savings rates are painfully low (0-30%)~~. **SEE EDIT BELOW** + * Rent is 15-35% of take-home pay for all families; you might get paid more in a big city, but home costs reflect that + * Financing more car(s) than you can afford can ruin you. F1 and F2 spent 12% and 17% on transportation alone! + * It is critical to understand that DEBT IS AN EMERGENCY. F3 has 768 in left over cash, but has a 340 cc debt payment + * Kids are insanely expensive until they are in public school. F2, F3 and F4 spent 25%, 33% and 18% of their takehome on kids + * Your cellphone bill barely matters + * Only F4 is saving for retirement seriously + * Few are taking full advantage of the tax benefits available to them (FSA, Dependent Care FSA, Retirement Savings). F2 could fully cover their student loans with the tax savings from a Dependent Care FSA. + +None of this is particularly surprising, especially in an article designed to make a point, but it seems like each family has a major thing they can fix: + + * F1: Debt consolidation and pay off that CC debt ASAP. That, and they need to get on some kind of health insurance ASAP, since that is a ticking time bomb. + * F2: Change their car situation drastically. $1000/month on vehicles is insane. + * F3: 2800 for childcare for 1 kid, Holy shit. They can save a bit on this through Dependent Care FSA (pre-tax childcare savings) or other [CA state incentives](https://www.ftb.ca.gov/file/personal/credits/child-and-dependent-care-expenses-credit.html). + * F4: They are doing well but could definitely crank up savings and their use of tax-advantaged accounts. + +Monthly Totals | Family 1 | Family 2 | Family 3 | Family 4 +--- | --- | --- | --- | ---- +Ages | 27, 28, 4, 2 | 30, 33, 3, 2 | 35, 34, <1 | 38, 38, 6, 9 +Location | Sheboygan, WI | Layton, UT | San Francisco, CA | Iowa City, IA +**Income** | - | - | - | - +Takehome | 4000 | 5600 | 9675 | 8500 +Pretax (Health Ins, Retirement) | - | 240 | 930 | 390 +**Expenses** | - | - | - | - +Rent | 600 | 1545 | 3535 | 2060 +Tuition For Kids | - | 1220 | - | - +Childcare | - | - | 2800 | 360 +College Savings | - | - | - | 200 +Food | 800 | 843 | 850 | 700 +Student Loans | 550 | 340 | - | - +Transportation | 482 | 1000 | 210 | 125 +Credit Card Debt | 340 | - | - | - +Utilities | 212 | 167 | 100 | 178 +Cellphone | 100 | 65 | 55 | 12 +Gym | 63 | - | 300 | - +Entertainment | - | 28 | 500 | - +Travel | - | - | 225 | - +Misc | - | 320 | 75 | 2000 +Children's Expenses | 60 | 187 | 400 | - +Life Insurance | - | 50 | - | - +Other Insurance | - | - | 28 | - +Charitable Donations | - | - | - | 400 +Health Costs | 0 | 313 | 547 | 390 +Savings | 25 | - | - | - +Retirement Savings | - | - | 975 | 1000 +**Net Expenses** | **3207** | **6078** | **9625** | **6425** +Remaining | 768 | -238 | 5 | 1465 +**Savings Rates** | - | - | - | - +Total | 19.8% | -4.1% | 9.2% | 36.7% +"Intentional" | 0.6% | 0.0% | 9.2% | 20.2% + + +**EDIT: Since people are complaining about me being too harsh with my language around savings rate, I added a couple more rows.** + +SR is total savings rate (Retirement, savings, F4 extra mortgage and "remaining") divided by total income (takehome, pretax costs). Intentional SR is the same but without the "remaining" amount; I assume that that flex in their budget isn't well-organized. The intentional SR for F1, F2, F3 is <10% which I think is painfully low. F4 is saving 20% intentionally but I think they can do better. The point of this was not to cast judgment on these people but more to highlight how little people value savings as an end unto itself. If this sub has taught me anything, it's that you need to protect what you have when you have it, because another recession could be just around the corner. As Yeezy said, "Money isn't everything, not having it is." +Even though I have $300\-$400K savings and a decent job, my best times was sharing a house with 5 other roommates and 2 of them were on welfare. 1 of them was a student and the other 2 were working minimum wage jobs. + +Every other Friday, we would all go out, find the cheapest bar, order a drink or 2 and have great times. + +At work, there are some colleagues that want to eat out at fancy restaurants every other day for lunch, and I'm thinking to myself, "dammit Joe, I'm trying to save money here!" They are talking about renovation their nice house or getting a new car which I don't have one. Thus, I usually get quiet about those subjects. + +Anyone else like this? +Hi everyone, happy Memorial Day Weekend! +I just joined the Forex subreddit today. +I have been trading stocks and options for the past few years but I am very interested in learning about Forex. +Right now I am using paper money to get the hang of it. +But Do you mind sharing one thing that you wish you knew when you first started trading currencies? +Four years ago when my husband and I separated, I was maxed out on two credit cards and had a brand-new car loan. I was juggling late fees and had to resort to payday loans to keep utilities on. + +Since then, I've been on a strict budget and basically living like I did when I made $10/hr. Yesterday I zeroed out the last of my credit cards, and I just now paid off my auto loan a year early and am officially out of debt, and my credit score has gone up two hundred points! + +Basically, I set up biweekly automatic payments on everything so that an equal amount would be coming out of every paycheck and I wouldn't be scrambling or broke when the big bills were due. Did the avalanche method, and applied every tax refund and work bonus towards the debts. + +I've been working from home since early March, and used the money I would have spent on gas, along with my $20 weekly "play money" allowance, to make extra payments as often as possible, just to watch the totals go down. + +My next step will be to open a savings account at the credit union and start setting aside the money that's been going to bills, and in a year I should have enough for a mortgage down payment on the house I've been renting-to-own. + +I'm allowing myself a small celebratory spending splurge in the form of a new tattoo before I'm back to the budget, but a HUGE weight has been lifted. I just wanted to share with folks. It can be done! + +edit: wow, thank you for the gold! :D +Facebook: $6,000 + +Google: $9,000 + +Netflix: $26,000 + +Amazon: $29,000 + +Tesla: $215,000 + +Bitcoin: $663,000,000 + +Let that sink in. + +Even though these are crazy numbers, most people still think that bitcoin and other cryptocurrencies are a scam. Whenever there’s a drop on the stock market, it’s obviously a healthy correction, but when the same happens to crypto, it is definitely going to zero, it’s fake money, a fraud, etc. + +Keep hodling, my friends! 🚀 +Hello Apes and hedgies, this is my first attempt at a TA and i will be utilizing technical indicators. + +So for those of you who do not know what the MACD or RSI are, strap the fuck up, put on your got damn helmet, tell your wife's boyfriend to bring a banana smoothie and lets see if we can put a few wrinkles in your brain. + +&#x200B; + +**THE MACD** + +&#x200B; + +So the MACD stands for Moving Average Convergence Divergence. It is a trend-following momentum indicator that shows the relationship between two moving averages of a security's price. The **MACD** is calculated by subtracting the 26-period exponential moving average (EMA) from the 12-period EMA. I'll explain this in a much more simpler way later on in this post with nice lines. + +&#x200B; + +**THE RSI** + +&#x200B; + +The RSI or Relative Strength Index is a momentum indicator used in technical analysis that measures the magnitude of recent price changes to evaluate overbought or oversold conditions in the price of a stock or other asset. This is generally measured between the numbers 70 and 30. The higher the RSI gets to 70, the more overbought the security is considered. The lower to 30 it is, the closer it gets to being in what is called oversold territory. + +&#x200B; + +Now i know some of you might have some crayons in your nose rn preventing some wrinkles from forming so this is where you are going to want to pay attention. + +&#x200B; + +&#x200B; + +&#x200B; + +[current RSI and MACD](https://preview.redd.it/qurwnd2x57q61.png?width=546&format=png&auto=webp&s=5b11dabddb3c430d4a7be6b9fd6a9ed8dc110dd6) + +So in this pic above, is the current MACD and RSI on the 1 day time frame. The RSI shows it is about 50, which is neutral. meaning it is not overbought or oversold. The MACD on the bottom is the real important kicker. You see how close those lines are together right now? Got damn that is what makes an Ape cry. This is indicative of a breakout. It has been consolidating around the same price, which deflates the RSI from overbought to neutral. In the bottom the bars going up and down below the midpoint shows the momentum of the security. Obviously red downward means downward trend, and green is vice versa. What is important is the far right how close the lines are. + +&#x200B; + +&#x200B; + +https://preview.redd.it/xxc0xape67q61.png?width=328&format=png&auto=webp&s=10f67f9e4a093ae8d67ebf00095811fbd4b43522 + +This image shows you the MACD and RSI on the \*last\* breakout that we had. Back in earlier March it broke up to 348 before being absolutely fucking dumpstered harder than Lebron when he yammed on that one white guy. As you can see, the lines again right before breakout are practically touching. When the volume is almost not even visible above the neutral line, and it's alternating back and forth, the stock is getting ready to either fucking rocket to got damn mars, or tell you what the earth's core is actually made of. + +&#x200B; + +&#x200B; + +https://preview.redd.it/v1hs1l3t67q61.png?width=341&format=png&auto=webp&s=78546e0cb8cdbf23b62b9cedb4c7518ec212e314 + +This is yet again another example of the MACD showing great consolidation, and little to no major movement, and then fucking \*BAM\* that shit shoots up faster than a smack addict getting a free score. The close lines and minimal volume is \*KEY\*. + +&#x200B; + +&#x200B; + +https://preview.redd.it/ae0zxgk377q61.png?width=456&format=png&auto=webp&s=1ce4b7b779155d92aa6f8fb4a1c43c7b68a58fd6 + +This is when it broke out at the end of January. LOOK AT THIS GOT DAMN MACD AT THE BOTTOM. Do you see how fucking close the lines are? Can you tell what happens next? Of course you know what the fuck happened or you wouldnt even be here reading this trash ass post right now. + +This is not financial advice and i'm just a crayon eating ape trying move up to fucking markers. + +TLDR: MACD and RSI says moon soon + +Edit: The yellow line is the MACD line and the red line is the signal line. When the MACD line crosses it upwards the momentum is up meaning price increase. Obviously vice versa on a downward cross. +How are you currently mitigating life risks, or thinking about mitigating, to reduce various risks for you and your family? Think 'estate plan' but beyond that, what do extremely wealthy people do? Would also love to hear unconventional things regardless of whether it's cheap or costly. + +I can start (NW $8M). I've done many of the following: + +&#x200B; + +* Health + * Whole body MRI to catch potential cancers while it's early and more treatable. Just had my closest childhood friend ($100M+ NW and in early 30s) diagnosed with late stage cancer, devastating. [Podcast from Dr. Peter Attia](https://peterattiamd.com/rajpaulattariwala/) + * VO2 max test since there is a crazy strong correlation (and likely causation) between VO2max and all-cause mortality. [Podcast from Dr. Peter Attia](https://peterattiamd.com/ama27/) + * Getting a safe car - for youngish people car accidents are one of the highest probabilities of death + * All the standard stuff: standard blood panels yearly, good nutrition, 8 hrs of sleep +* General risk reduction strategies + * Get a second permanent residence/citizenship outside of the U.S. Haven't done this one but been musing about it, who has done it here? + * Estate plan + * Emergency water and other supplies for 2 weeks +* Finance risk reduction + * Umbrella insurance + * Question: Are other non-home/auto insurances worthwhile when you are $5M? If so, which ones? + * 529 college savings plan & education savings account when my son was born (this is less of a risk reduction but more of a hack that few know about) + +Edit 1: + +a) Thanks all for your own ideas and comments. The goal of this thread was to really hear from you all to see what other "financially sophisticated" folks are doing since only in the past year did I do 90% of what I mentioned above. In other words, I still feel like I don't know what I don't know in certain areas especially in things like tax havens. **If you are fatFIRE, or just have a solid idea to add, please contribute below on what sort of unconventional, but wise, things you would do or consider.** + +b) I saw a lot of comments about exercise and my lack of mentioning in my original post. I had only mentioned things that I thought were incremental $ and/or unusual but worthwhile things to consider. Exercise is a must and I completely agree you should be doing it before considering a VO2max test. I do 3 hrs of zone 2 cardio training and 0.5 hrs of high intensity interval training per week. In addition, I do pushups, pull-ups, squats, lunges, and a whole host of stability work. However, more than half of Americans don't exercise and one could argue that for a minority of those people, doing a VO2 test could shock and motivate them to start an exercise routine. I've heard the same goes for calcium artery scoring tests, it can motivate you to get your health #$%% together. + +&#x200B; +I think it’s kind of funny how quickly sentiment changes based on how the market performs in the last couple of weeks + +If SPY had gradually gone up from January 2021 to where we are now, everyone would be super bullish right now. + +Yet, because the last few weeks have been red, arriving at the same number going down from ATH and sentiment is completely different + +I understand that the market is not completely efficient, but it’s not so inefficient that you can say last week was red, so this week will probably be the same, and so on going forward. Or it’s clear we’re headed down from here because of all this bad news that ironically everyone already knows about + +If only things were so easy +Just an interesting topic to see where people lie in this. The scenario being a lump sum given to you, what figure would you describe as "life changing" and why? +I'm a long-term holder of property (singular) but still have to work part-time. This year I've decided to read read read all about multi-families instead of single homes. I told a few friends about it and one guy brought up REITs. + +I looked into it and it seems REITs are just investing in these people who would do the job I'd be doing instead. I don't know much about them but figured I'd start a chat about them and see where it leads. + +EDIT: Thanks for the candid responses. If I do go that route/add to my portfolio, I'll definitely be thinking about the cons. +Update 1: +I’m still getting responses and I appreciate the help and concern. I’m going into my office today to speak with my department head and the financial team. Gonna bring up my concerns with being classified as a contractor and see what they say. Will update later with the outcome of the meeting. + +Update 2: Waited all day to speak with accounting and they ignored all my messages. Just saw the head of accounting I was supposed to meet with leave the office 30 mins early :( + +Haha Update 3: I’ve been told that I’m a temporary 90-day contractor and that at the end of 90 days they’ll decide if I’m going to become a full time employee or not. Doesn’t sound legal. +>Tesla Inc (TSLA.O) is under criminal investigation in the United States over claims that the company's electric vehicles can drive themselves, three people familiar with the matter said. + +>The U.S. Department of Justice launched the previously undisclosed probe last year following more than a dozen crashes, some of them fatal, involving Tesla’s driver assistance system Autopilot, which was activated during the accidents, the people said. + +[Link](https://www.reuters.com/legal/exclusive-tesla-faces-us-criminal-probe-over-self-driving-claims-sources-2022-10-26/) +I'm reading a book on forex trading (in general). **should I be reading a book on Forex day trading specifically?** + +**What's the most common (or best) style of trading used with forex trading?** + +&#x200B; + +P.S. as I'm sure you can tell, I'm a noob + + +Edit: Thanks for the advice everyone! I read and upvoted everyone's comments! +I'm 33 (34 in August, fucking ancient). I was working during the 2008 crash. This seems worse. But I learned a lot and you autismos should listen up: + +1. The put money is raining right now so load up. But it's getting worse everyday as premiums get higher. Don't hold over night unless you got long dated exps. And don't go full retard right now and sell calls, we will have big bounces to come. + +2. Max your fucking 401ks. Just keep fucking buying. Bathe in red ink. You will love it. In 2030 these prices will look ridiculous. I'm still not below where I bought in during the last crash and we got more pain to go. + +3. Use the fucking put money to go long on cheap ass blue chip stonks and you will retire young. This opportunity won't last forever. + +4. Money is mostly bullshit, wash your fucking hands and take precautions. Learn to meditate, work out, sleep enough, etc. + +5. Fuck you guys for finally winning. + +Edit: this is my first gold and highest upvoted post. Thanks wsb. I'm not going to answer most questions directly sent to me at this pt as I'm getting hammered but do your research. Blue chips are household name companies that are HUGE. If you don't know this lingo gtfo of this subreddit. Bear markets will fucking eat you alive. Stonks were on easy mode for 11 years until three weeks ago. Now you gotta fucking earn it, but the returns are there. Always play your fucking video games on max difficulty , don't be a bitch. +We all heard yesterday some snake on CNBC called out margin call yesterday afternoon. This got some apes excited. + +Today we see some price movement and the media is calling out short squeeze everywhere. + +Sounds like someone passed scripts around to these snakes. + +Tomorrow, I think they will try to drop the price and fake it like the squeeze is over. Media will start spreading FUD, the squeeze is over. Sell before too late. Paper hands will sell. + +But our 💎 🤚 apes will hold. I tell you. And then we moon. 🎤 drop. +Hi guys, + +Been a while since I last posted. Been trying to think of a few fun travel ideas and I'm shying away from the traditional luxury hotel/Abercrombie & Kent type of trips. + +Instead, I want to look for something similar to what I had at outward bound when I was younger. But for adults. + +I want to go on a trip with other individuals who are keen to challenge themselves and are potentially highly successful in their own ways. + +Is there something like that out there? Would you kindly point me towards the right direction please? +My wife is due next month she’s getting to really slow down, I want to tell her she can stop working early but don’t know when I can’t support if both. Monthly my salary leave about $1,000 left over, after expenses are taken care of. +I know mathematically income > expenses +so on paper I’m probably fine. However I will have a new mouth to feed. At one point could we make the switch to single income? She is taking FML leave which is unpaid, because her company doesn’t offer maternity leave. + +Also any advice for other income sources or benefits, I live in the USA, West Virginia. +Another big announcement from Australia’s top public eSports tournament and matchmaking platform. This is one for the gamers. Mogul making big moves hiring some of googles and other tech platforms top business development managers. Keep an eye on this stock +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +I know this exact same question has been asked by some autists in previous discussions but always keen to continue the discussion around what your 1-5 year holds are and why you’ve chosen them in particular. Yes I know this is a casino, but I also know majority of you aren’t completely retarded with a 100% portfolio of day trading meme stocks. +Cheers +Alternate title (with thanks to 'The Good Place'): +> How much do you spend on energy drinks and body spray per week? Three hundred dollars? Ten hundred dollars? + +&nbsp; + +**TLDR**: I'm prolly gonna try to monetise my code rather than give it away. Y'all get free license keys, but is it worth the price of a cheese pizza and a large soda at Panucci's Pizza? + +&nbsp; + +A little while back I wrote about making an attempt to parse PDF broker documents to extract details to help fill in ATO CGT details: [Link](https://old.reddit.com/r/ASX_Bets/comments/jgjr9m/adventures_in_taxtime_pdf_scraping_wip/). Aaaaand now I've pretty much done it. Some of you pointed out that brokers also provide CSV documents of all trades within date-ranges of your choice, and what I've written also parses them rather than multiple PDFs (and much faster I might add) to spit out all your CGT details - but here's the thing… + +&nbsp; + +…I don't have a job, which means I don't have any form of guaranteed income asides from whatever I can grind out day-trading, which is not all that much recently as in all honesty I'm not a very good day trader, but I am a competent software engineer. +While I could go on Centrelink jobseeker-type-shit or find some contracting work and commute to Melbourne (I live in regional Vic about 90 mins out), I'm not particularly keen on doing either of the above... and this is what I'm really getting at - I could attempt to, and a mate of mine is encouraging me to, **monetise** the software I've written. + +&nbsp; + +Before anyone moans that I'd previously said I'd put the source up on GitHub for free, even should I decide to try and publish / monetise my work I can still provide free license keys to all ASX_Bets members who joined by today (1st Nov 2020) which is about 22.1K keys, so you'll all get it for free anyway as thanks for being a fucking stellar community. Hope that smooths your feathers =D + +&nbsp; + +Considering the code's alpha AF at the moment and works for me (but we're not shipping me and my own suite of broker documents) there's no way I can get a proper release done by Monday Nov 2 (ATO extended tax lodgement deadline since Oct 31 fell on a Saturday) - but I can tell you what the software currently does: + +* Works for CommSec and SelfWealth brokers ATM (that's all I use and hence all I have test documents for), + +* Can parse a broker-exported CSV containing all trades OR a directory containing multiple PDF documents from either broker to generate grouped transaction histories and gains/losses for each company, + +* Can use 3 (or technically, 2) different policies to attempt to minimise your CGT: LATEST_SALE_AGAINST_EARLIEST_PURCHASE, LATEST_SALE_AGAINST_LATEST_PURCHASE, AUTO (tries both of the above over your entire portfolio and lets you know the best strategy and why. The ATO's happy if you pick one either way and stick to it - source: [Link](https://www.ato.gov.au/General/Capital-gains-tax/Shares,-units-and-similar-investments/Identifying-when-shares-or-units-are-acquired/) with thanks to /u/phantom_hax0r) + +* Constructs tax-year CGT details from all sales using a single policy from the above. + +&nbsp; + +So that's the bare minimum to get the job done for me. Here's what it could do given further work: + +* Handle documents from more brokers (NAB, WestPac, etc.), + +* Generate output from PDFs pulled from an email address rather than requiring the files to be downloaded and copied into a 'broker_pdfs' directory, + +* Work internationally with even more brokers and some more tax rules, + +* Spit all your details into a LibreOffice spreadsheet (opens in LO & Excel) rather than just a text file, + +* Having a GUI rather than just a set of command-line switches would prolly be nice (would also make the mobile app version a bit more palatable, lol). + +&nbsp; + +Finally, even assuming I can cover all the major AU brokers - how much would you pay for such an app (PC and Android clients)? ShareSight and shit like are expensive and yearly, and I couldn't even get SS to parse a CommSec CSV the other day ("What field does this map to?" / Gateway Timeout 504)… ComputerShare will give you a PDF pack for $50 - but it doesn't calc. your GST so WTF's the point in that? So, like, is it worth: + +* $10 for a one-off purchase with no updates (but works for all supported brokers for the current tax-reporting year), + +* $20 for a licence that guarantees updates for 3 years?, + +* $30 for a perpetual license that lasts as long as the project is actively maintained? (Min: 3 years+… Risky play, or is it?), + +* Much, much more! (remember - you all get free keys & piracy exists), + +* Much, much less! (would it even be worth my time?). + +&nbsp; + +Honestly, I hate this part of it. Either work for free or full price - well, I'm working for full price on this one (and I really hate 'pricing' my work) - but there's no point selling it for $1, getting a few thousand sales and then having to continue updating it for years. I need to make about $20K a year just to pay my bills and survive… I'm not saying I could make that off this app, but if it fills a niche at a good price-point then perhaps it might, or at least cancel out some losses lol. + +&nbsp; + +Anyways, just putting this out there and asking for your thoughts. Cheers, y'all. +I've been throwing around the idea of being doing a deep dive on Z1P as it stands now, but because the chatter is often around Z1P in comparison to APT I thought it was better to frame up a legit discussion surrounding the key differences between the two companies as an investigation into whether or not there is actually a significant discrepancy between how the market is valuing them.  + +(Note: this is a pretty top level outline and my first time doing anything like this so sorry if I missed/misinterpreted anything. Obviously DYOR) + + +Z1P quarterly report key highlights for last quarter: + +* Revenue of $102.0m (up 88% YoY) +* December revenue of $40.2m (up 94% YoY) +* Transaction volume of $1.6B (up 103% YoY) +* Customer numbers up almost 100% YoY +* Equity raise of $176.7m to fuel US growth +* Info regarding upcoming updates about ZIP Business - including Trade and Trade+, and a partnership with Facebook (it appears as though just in Australia to start with) + + +Z1P US subsidiary Quadpay key highlights: + +* 915k customers joined the platform with the app downloaded 1.8m times +* Chrome Extension launched in November (INDUSTRY FIRST) enabling customers to pay on any website - essentially uses a virtual Visa card, super clever application +* Among their new merchants is Newegg for all my fellow computer nerd autists + + +ZIP Net Bad Debts and arrears: + +The report goes in to this more, but just to highlight it briefly comparing 31st of Dec 2020 to 2019 - Arrears is down by .63%, but bad debt is up slightly by .25%. Not a massive change in either figure, but an important highlight considering revenue has grown, so the dollar value of these numbers has grown. As money is essentially the raw material used by BNPL firms it's essential to consider these figures when comparing to APT. + + +APT gross loss at end of FY20 was 0.9%, which translated to $94.5m - a change of -0.2%, but due to increased revenue an increase of 61% from 58.7m in 2019. + + +Comparison of Market Cap (all values accurate at time of writing): + +Top Level Value - Z1P: + +* Shares Issued - 552,322,326 +* Market Cap - $4,026,429,902 +* Share price - $7.29 + +Top Level Value - APT: + +* Shares Issued - 285,155,191 +* Market Cap - $41,099,417,679 +* Share price - $144.13 + +If your sole metric for valuing a stock price is market cap and shares issued, then sure, Z1P should be trading somewhere in the $70-80 range... but we all know that is a ridiculous statement. + + +We all saw the recent AFR article about ZIP allegedly being "significantly undervalued" when compared to APT. The main points of the article were that APT has 2.6 times total transaction volume when compared to ZIP, but APTs market cap is 11 times bigger than ZIP. Again, it's weird to take a single metric and use it as the defining factor for comparison. In my view, there's three key metrics that are important (but again not definitive) when talking about an BNPL company - they are revenue, total transaction volume, gross margin. + + +In a sentence, this is why I think these three metrics are the top line key numbers to look at: + +Revenue - obvious key indicator of underlying performance. + +Total transaction volume - In my mind, this is a useful metric to assist in judging market penetration and brand recognition when comparing to other BNPL companies. + +Gross margin - How much money a company is accumulating  + + +Gross Margin: + +* Z1P - Approximately 33% +* APT - Approximately 74% + +Revenue (FY20 reports) + +* Z1P - $157m +* APT - $519m + +Total Transaction Volume (FY20 reports) + +* Z1P - $3.2b +* APT - $11.1b + +TLDR: APT significantly outperforms Z1P with higher revenue at a higher gross margin allowing them to drive more capital in back in to the business to facilitate growth. When comparing the two companies it is reasonable to see that APT should be trading at a significant multiple when compared to Z1P. The real question should be is Z1P undervalued as an individual company, sans comparison to other BNPL firms. + + +In my opinion, the fundamental growth in revenue and transactions that Z1P has seen, with the additional resources from the cap raise to fund growth in the US market, as well as the launch of the Quadpay Chrome extension are all key reasons why the Z1P share price should be higher than it currently is. How much higher is hard to say and the above statements are excluding the obvious fact that the two companies have different offerings in the BNPL space. + + +What range do you think Z1P should be trading in? + +Also there is a rumour that Z1P is going to make an announcement about something in February - my guess is probably about Z1P business, or UK growth, but what do you think? +(Source for some of above information was a YouTube video by David Quan: [https://www.youtube.com/watch?v=WQwj1Gx265Q](https://www.youtube.com/watch?v=WQwj1Gx265Q)) +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +As the title states, 46 year old married looking for some sort of guidance. We have about 100k in the bank, liquid. We have several retirement accounts including $450k in an annuity, a pension at retirement, 401k with not as much <100k. Owe 10 years (138k) on the house. +What can I realistically expect? Am I on track? Never set any real goals in my life. Trying to retire in 10-12 years after house of paid for. No children. +There’s 30k foolishly invested in anAmeritrade account that isn’t green. +The only bill I have is the mortgage, although I’d really like to buy a new car next year as mine is old. +Is it possible to live off of those numbers? Worst case scenario is we work a little longer. + +A little edit here +Bills are about $550 month for utilities and cell phones. +Property taxes and homeowners ins are 964 a month. +Yearly income fluctuates, 130k-170 +Wife makes 105k with her new job. +28M living in a MCOL city, net worth of roughly $200k. Income $100-105k depending on annual bonus, expecting a 20-25% jump here soon once promoted to management. + +I do the house hack thing so my housing expenses are incredibly low/mortgage covered by tenants. Currently contributing the maximum to both my Roth 401k ($19,500) and Roth IRA ($6,000). Credit cards paid in full each month, utilize highest cash back credit card for each spending category specific to each card. Also, occasionally do r/beermoney surveys for a few extra bucks per month. + +With all that said, things feel like they’re on auto-pilot at the moment and I’m just sort of chugging along. I know I’m in an incredibly fortunate spot here but can’t help but feel like there’s more I could be doing to maximize my wealth. So is there anything I’m missing here/recommendations for what else I can be doing? +Sorry if this question has already been asked before. I know $O is everyone’s favourite in this group. I have watched many videos and read quite a lot of comments on this REIT with majority saying only good things about it. I wanted to know if there are any negative things about $O that I am missing out as a newbie investor? + +TIA +So I've seen a lot of coverage of this in the /r/ethereum sub but have hardly seen any over here at ethtrader. + +My first impression of Delphi without ANY knowledge of them: Sweet another prediction market, wonder what they will do different since we already have augur/gnosis. After a little digging and blatant shills in these subs, I am 99.999999999999% sure this is a scam. + +Let's start with their code, it is a direct copy of the Gnosis github: https://github.com/delphi-markets/delphi-framework/commit/80c4d6fa0db50cf460bab4b01a6ef400c1348815 - as you can see they got a little lazy. I have also seen comments say that this is ok because they're fixing all of the issues gnosis has and making it "backwards compatible" with gnosis at the same time. They didn't notify anyone or even have the BIG BANNER on their website until they got caught. For Delphi to COPY PASTE the gnosis code then proceed to trash talk them seems a little scammy right off the bat. + +So next we have some posts made by the same Delphi peeps. + +https://np.reddit.com/r/ethereum/comments/6ne2k2/gnosis_is_now_a_defunct_project_delphi_goes_for/?st=j5pg8nza&sh=78ad366b + +https://np.reddit.com/r/ethereum/comments/6pzocw/delphimarkets_reveals_their_master_plan/?st=j5ntdlms&sh=1fbf4fe0 + +https://np.reddit.com/r/ethereum/comments/6q8m5z/delphi_is_a_huge_scam_please_dont_give_them_any/?st=j5pfzy2v&sh=04ebfdba + +https://np.reddit.com/r/ethtrader/comments/6q1xiw/delphi_developer_incentives_critical_issues/?st=j5pg0g39&sh=7ca39213 + +This is where the bots or multiple accounts start to come in and brigade with downvotes on anyone opposing Delphi, and upvotes for the same broken record argument. They are going SO FAR to censor reddit on this ICO and it's fucking gross. You can see the same users/same argument used in every single thread. Let's see if they end up here too :) Stay away from this scam my fellow ethtraders. +# TLDR Here is the ELI5 Version (Which the Mods also removed with no explanation) + +This DD has still yet to be debunked (even though the mods claim otherwise), so I needed to create a ELI5 for the people in the back. + +* Computershare and the DTC are in a car (the stonk) where the car has a title/registration with your name on it (the certificated share). **DRS'ING put your name on that title!** +* DTC is in the drivers seat, claiming they own the car (the certificated version of the security), but they don’t. DTC holds the TRUE registration...but that that registration is in your name. The certificated share. +* Both the DTC and Computershare have a steering wheel. DTC is in the front driving the car, Computershare in the back. ComputerShare is in the back seat, holding a replica (noncertificated version e.g PROXY) version of the registration (the stock certificate). **DSPP Shares are held as noncertificated with the DTC controlling the ledger. This is and** [**what Computershare is validating to be true**](https://imgur.com/a/ILAklMz)**!** Yes, it is directly registered with your name on it...but the TRUE registration (the certificated share) is held at the DTC. +* **Moving your DSPP shares to book moves the DTC to the back seat (handing them the noncertificated share for dividend reinvestment) and Computershare to the driver's seat**, which then hands the registration (the certificated share) over to Computershare's ledger. +* **How this is handled, either digitally or physically makes no difference. That debunk claim is null as it doesn't matter if it's physical or digital. Yes, maybe back in the day it was physical...in this case it's WHO controls the ledger and certificated shares.** +* This is why the shares are literally marked "**DTC Stock Withdrawals (Drs)"** when you move from Planned to Booked. [Source from another user.](https://www.reddit.com/r/Superstonk/comments/zi34dx/comment/izpkw6h/?utm_source=share&utm_medium=web2x&context=3) +* \[ADDITION\] Guess who controls and lends out borrowable shares that are held in the participant's accounts at the DTC. The DTC...and who controls the certificated DSPP shares? Also the DTC. Conflict of interest anyone ([screenshot](https://imgur.com/a/p5z4vBf))? [https://www.sec.gov/investor/pubs/regsho.htm](https://www.sec.gov/investor/pubs/regsho.htm) + +[THANK YOU TO THE MOD WHO MARKED THIS DD "DEBUNKED"](https://www.reddit.com/r/Superstonk/comments/zjo7u3/comment/izz8u12/?utm_source=share&utm_medium=web2x&context=3) **BUT CONTINUES TO VALIDATE THE DD AS TRUE.** + +There is literally a post from the SEC [Order Granting Approval of a Proposed Rule Change Concerning Requests for Withdrawal of Certificates by Issuers](https://www.sec.gov/rules/sro/34-47978.htm) + +And another post states that [DTC will maintain detailed ledger control over the certificates.](https://www.sec.gov/rules/sro/dtc/34-49930.pdf) ([Screenshot](https://imgur.com/a/s6NVIAs)) + +\-------------------------------------- + +# Here is the DD in more detail + +Well Apes...Here it is. The DD to silence the shills, the nay sayers, and the one's who claim there is no difference between "DSPP" and "Book-Entry" with Computershare. + +# So what qualifies you as a registered shareholder? + +>You are a ***registered shareholder*** if your name **appears on your share certificates**, or if you hold your common shares in book-entry form on the records of Thomson Reuters Corporation’s transfer agent, Computershare Trust Company of Canada (“**Computershare**”). +> +>You are a ***non-registered shareholder*** if your name does not appear on your **share certificates** or if you hold your common shares in book-entry form through an intermediary. For example, you are a non-registered shareholder if your common shares are held in the name of a bank, trust company, securities broker, trustee or custodian. + +**Ape-bonics language Lesson:** Do you want to be a registered shareholder? Well if you do, you need share certificates with your name on them. + +# How do you determine the type of shares that I own? + +You own **book-entry shares** if the shares are **held in an electronic account at Computershare.** **A paper certificate was not issued for these shares.** + +* Direct Registration System (DRS) shares are book-entry shares that are not part of a company’s investment plan. +* Investment plan shares are book-entry shares that are part of a company’s dividend reinvestment plan (DRP) or direct stock purchase plan (DSPP). + +**You own certificated shares if a paper stock certificate was issued to you. (**[Source from ComputerShare.com](https://cda.computershare.com/Content/e3c0836f-3acf-4792-b932-0407ca1decc3)**)** + +# Straight from the Horses Mouth: + +Okay well, let's continue with a direct source from the [federalregister.gov](https://www.federalregister.gov/documents/2015/12/31/2015-32755/transfer-agent-regulations) + +>In the case of DRS shares, where no certificate exists, **an investor has the option of having his or her ownership of securities registered in book-entry form on the issuer's records or on the books of the issuer's transfer agent, and in either case the investor receives a “statement of ownership.”** \[[347](https://www.reddit.com/r/Superstonk/submit#footnote-347-p81973)\] In either event, it is an important verification step in the issuance of a security and highlights the important role that transfer agents play as intermediaries for the public interest. +> +>Source: [federalregister.gov](https://www.federalregister.gov/documents/2015/12/31/2015-32755/transfer-agent-regulations) + +**Ape-bonics language Lesson:** Where no certificate exists, an investor has the option of having his or her ownership of thy stock in **BOOK-ENTRY FORM.** + +# Let's ask Computer Share about DSPP Plan Holdings Certificates + +>Plan holdings are shares held directly in the investment plan. **Plan holdings do not include shares held in certificate form** or in Direct Registration (which is another similar type of book entry share). +> +>[Source from Computer Share](https://imgur.com/a/7baADEU) + +# HARD STOP + +SKRRRRRT Stop... Hold on a minute. Did Computershare's own Ask Penny just confirm that DSPP Plan Holdings **DO NOT INCLUDE SHARES HELD IN CERTIFICATE FORM**? Yes, that means DSPP Plan holdings do not include shares held in certificate form... + +# Let's Continue and Ask Penny the difference between Plan vs. Book holdings. + +>Book entry and plan holdings are very similar. Book entry shares are considered Direct Registration shares and are not considered part of the investment plan (although dividends on these shares can be reinvested). **Direct Registration shares are similar to certificate shares except held in a book entry form**. **Plan holdings are shares held directly in the investment plan.** +> +>[Source](https://www5.nohold.net/Computershare/ukp.aspx?id=21&respid=1&pid=18&chatkey=&estate=^Book:1&mid=76&dispid=0&cpage=vagent) and [Screenshot](https://imgur.com/a/rTLfLYz) + +# Interesting... + +So what have we confirmed thus far.... + +* Direct Registration are similar to certificate shares...except held in **Book-Entry.** +* DSPP Plan Holdings **DOES NOT INCLUDE SHARES HELD IN CERTIFICATE FORM** +* Where no certificate exists, an investor has the option of having his or her ownership of thy stock in **BOOK-ENTRY FORM.** + +# Validating Computershares' Statement + +Taken straight from [ALLIANCEBERNSTEIN INCOME FUND, INC.](https://www.sec.gov/Archives/edgar/data/816754/000119312514327364/d752033dncsrs.htm) outlining a dividend reinvestment plan with Computershare: + +>**Shareholders whose shares are registered in their own names may elect to be participants in the Dividend Reinvestment and Cash Purchase Plan** (the “Plan”), pursuant to which dividends and capital gain distributions to shareholders will be paid in or reinvested in additional shares of the Fund (the “Dividend Shares”). Computershare Trust Company, N.A. (**the “Agent”**) **will act as agent for participants under the Plan**. The Plan also allows you to make optional cash investments in Fund shares through the Agent. Shareholders whose shares are held in the name of a broker or nominee should contact such broker or nominee to determine whether or how they may participate in the Plan. +> +>The Plan Agent will maintain all shareholders’ accounts in the Plan and furnish written confirmation of all transactions in the account, including information needed by shareholders for tax records. **Shares in the account of each Plan participant will be held by the Plan Agent in non-certificate form** **in the name of the participant**, and each shareholder’s proxy will include those shares purchased or received pursuant to the Plan. +> +>[SOURCE: ALLIANCEBERNSTEIN INCOME FUND](https://www.sec.gov/Archives/edgar/data/816754/000119312514327364/d752033dncsrs.htm) + +# Wait a minute... + +There's that term again..**."Non-certificate form".** So that just validated that DSPP plans hold "Non-certificate form" shares. Shares are held in proxy form by the "Plan Agent", and in non-certificate form in the name of the participant (you and me ape brother). + +# For my grande finale + +# LETTER OF TRANSMITTAL FOR REGISTERED HOLDERS + +>This Letter of Transmittal **is to be used only if certificates for common shares (referred to as “shares”) of Thomson Reuters Corporation (“Thomson Reuters” or the “Company”) are to be forwarded with it,** in order to receive the post-consolidation shares under the Plan of Arrangement, as further described below. This Letter of Transmittal should be completed by holders of share certificates whether you participate in the Return of Capital Transaction (as defined below) *or* exercise your right to opt out of it (if eligible to do so), as further described in this Letter of Transmittal. +> +>**If you hold shares (uncertificated) through DRS, you are not required to submit a Letter of Transmittal**. The transfer agent, Computershare Trust Company of Canada, will update your DRS position to reflect the number of post-consolidation shares that you are entitled to receive under the Return of Capital Transaction. +> +>SOURCE: [Thomson Reuters LETTER OF TRANSMITTAL](https://www.sec.gov/Archives/edgar/data/1075124/000119312518304688/d632757dex993.htm) + +Well wait a minute... what's a **Letter of Transmittal.** + +>The document signed by the security holder in which it agrees to tender its securities pursuant to the terms of the offer. It contains information about the certificates and quantity being tendered, as well as where and to whom the payment should be made. +> +>Source: [DTCC](https://www.dtcc.com/products/training/helpfiles/settlement/settlement_help/help/businessterms/business_terms.htm) + +# Okay that was a lot....So let's recap apes! + +* Ownership of a corporation’s stock has been represented by paper share certificates, referred to as “certificated” shares. ([Source](https://www.delawareinc.com/blog/uncertificated-vs-certificated-shares/)) +* [Uncertificated shares](https://www.delawareinc.com/blog/uncertificated-vs-certificated-shares/) are represented by book entries in an [electronic stock ledger](https://www.delawareinc.com/blog/digtal-stock-ledger-stocktreasury/) rather than on a paper spreadsheet, and are not subject to the same problems arising with certificated shares. +* **If you hold shares (uncertificated) through DRS, you are not required to submit a Letter of Transmittal**. +* A letter of Transmittal is to be used **only if certificates for common shares are to be forwarded with it.** +* DSPP Plan Holdings **DO NOT INCLUDE SHARES HELD IN CERTIFICATE FORM.** +* Direct Registration shares are similar to **certificate** **shares except held in a book entry form**. Plan holdings are shares held directly in the investment plan. +* Book Entry Form = **Certificate Form** +* DSPP Plan Holdings = **Uncertificated** + +# Do you want your certificated shares REMOVED FROM THE DTCC? + +* **Book Entry Form = Removal of certificates from DTCC** +* This is why users are reporting that "book shares statements says "Dtc Stock Withdrawals (Drs)" and plan statements do not. [Source](https://www.reddit.com/r/Superstonk/comments/zi34dx/comment/izpkw6h/?utm_source=share&utm_medium=web2x&context=3) + +# I am Sofa King Book King My DRS! + +1. [STEP-BY-STEP GUIDE to move from plan to book (without phone call)](https://www.reddit.com/r/Superstonk/comments/rnpa1j/computershare_step_by_step_guide_to_change_plan/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) +2. Credit to u/thewwwyzzardd for being a year early + +Edit\* Adding credit to [u/polyestermonkey](https://www.reddit.com/u/polyestermonkey/) for connecting the last dot, removing the Return of Capital Transaction section which I meant to remove before posting because it wasn't relevant, and adding directions to move your CS shares from "Plan" to "Book". + +# ---------------- + +# Update* Counter-DD important response to the mod team who removed their pinned debunked comment. + +* Over the last 12 hours, the mod team came in, marked this post debunked with extremely weak counter-DD, deleted the debunked thread with extremely important information, and re-pinned a new comment. +* Mods also deleted the portion from their pinned counter-DD discussing the PHYSICAL removal of certificates from the DTCC. **Why? Why did you remove that information from your counter-DD?** [Here is the portion that they removed](https://imgur.com/a/KvPRDos) +* **I would like to ask why the mod team deleted the pinned "debunked" thread, then re-pinned a new thread.** Your debunked pinned comment was extremely weak, and it showed. + +**For those that missed it, the mod team claimed** + +* "**There are no physical certificates transferred",** and even one mod claiming **"there are no physical certificates at all".** The mod even went on to state **"there is no difference in physical vs digital".**...which makes me question how they're a mod if you don't understand **rehypothecation** or that the DTCC holds PHYSICAL CERTIFICATES. +* **The DRS system was never meant to "transfer physical shares" and that "Gamestop stopped the delivery of physical shares to investors". And physical share removal is inefficient.** +* The only think you all validated is that physical certificates are no longer being transferred to shareholders, Gamestop did stop the physical delivery of shares to investors. But that doesn't even address the DD. The DD isn't about the investor receiving a physical certificated share, it's about removal of that certificated share out of the DTCC. + +# That is blatantly misleading and completely false + +You all have still provided 0 counter DD. The DTCC holds physical certificates of your stock in their vaults. It's literally the certificate you would get and frame on the wall. + +* The DTCC has a [physical withdrawal service of certificates](https://www.google.com/search?q=%22withdraw%22+%22securities%22+%22dtcc%22&sxsrf=ALiCzsZZzGWzX_ZDD32cWp23h8h8CJds9g%3A1670856585697&ei=iT-XY6KOKsetqtsP_fuU2AU&ved=0ahUKEwji9orqqfT7AhXHlmoFHf09BVsQ4dUDCBE&uact=5&oq=%22withdraw%22+%22securities%22+%22dtcc%22&gs_lcp=Cgxnd3Mtd2l6LXNlcnAQAzIHCCMQrgIQJzoKCAAQRxDWBBCwAzoFCCEQoAE6BQghEKsCSgQIQRgASgQIRhgAUIsHWLwaYLseaAJwAXgAgAGRAYgB6AOSAQM1LjGYAQCgAQHIAQjAAQE&sclient=gws-wiz-serp) +* I don't want the certificated share sent to me....**I want it out of the DTCC and physically transferred to Computershare's vault. Not a proxy...physically removed.** + +# Does the mod team understand how bad this looks? + +* **Please unlock the pinned comment for discussion, and remove the "debunked" flair.** +* **Or Please re-add the previous debunked comment thread with the Swiss Cheese of counter DD you provided.** +* **Please explain** [**why you all removed the portion of your DD**](https://www.reddit.com/r/Superstonk/comments/zjzcty/comment/izx2iez/?utm_source=share&utm_medium=web2x&context=3) **talking about the removal of the physical PAPER CERTIFICATES from the DTCC. This was done after I made note that DD was misinformation and physical paper certificates can be removed from the DTCC** [SCREENSHOT](https://imgur.com/a/KvPRDos) +* **Please Debunk the statement below in response to your pinned post. If you can't debunk this, please remove the debunk flair.** + +\---------------- + +# 2nd Update, Mods deleted validating evidence from their DD, and I request for Mods to Remove Debunked Flair + +**MODS Literally validated my post in their DD, then removed it from their DD:** + +[Here is the portion that they removed](https://imgur.com/a/KvPRDos) from their pinned post. + +>PAPER CERTIFICATES +> +>"**Plan Holdings... Are not eligible for requesting a paper certificate (without first converting to "Book"**). Transfer agents not issuing a paper certificate for fractional shares does not diminish the validity of held shares in DSPP. As stated within the email, issuing paper certificates is a "program that GameStop has indefinitely Suspended without providing a reason". You will not get a paper certificate from GameStop in Plan or Book. + +# And again Mods, I ask you to please debunk the following response to your pinned DD and address the repeated spread of misinformation (and deletion of information) by the mods who reviewed this post. Otherwise, If you can't debunk the statement below, please remove the debunk flair and re-add the DD flair. + +**RESPONSE TO THE PINNED COMMENT** + +>If you'd like to talk more about Book & Plan (both being ‘book entry’ means of holding shares within Computershare) - please bring any new discussion over to the mega thread in which includes a number of verified and relevant resources as related the topic: [https://www.reddit.com/r/Superstonk/comments/zjzcty/book\_v\_plan\_megathread/](https://www.reddit.com/r/Superstonk/comments/zjzcty/book_v_plan_megathread/) + +Yes, both Plan and Book are BOOK-ENTRIES, but they are treated very differently. WHICH you all claim that this is debunked, but you have failed to prove that the below statement is "DEBUNKED". + +* **DSPP Planned** = **DIRECTLY REGISTERS** you to a share **BUT DOES NOT REMOVE** the certificated share from the DTCC. Instead, there is a book entry in Computershare of an uncertificated version of the certificated share that is still held by the DTCC. **This DOES NOT remove the certificated share from the DTCC**. DSPP holds uncertificated shares and Computershare acts as the proxy for those shares. +* **Booked** = **DIRECTLY REGISTERS** you a share and **REMOVES** the certificated share from the DTCC, which is why the shares are literally marked "**DTC Stock Withdrawals (Drs)"** when you move from Planned to Booked. [Source](https://www.reddit.com/r/Superstonk/comments/zi34dx/comment/izpkw6h/?utm_source=share&utm_medium=web2x&context=3) + +# ME, the mf'KING Shareholder, is not asking for my "physical certificates"...I'm asking for the certificate to be removed from the DTC. + +&#x200B; +Gov. Newsom just abolished single family zoning. I'm really curious as to what people think this will do - will the value of SFHs go up? What about multifamily? Rents? Will fancy neighborhoods go down in price? Up? + +I'm not sure I have an idea but am very interested to keep an eye on how it will affect the market. + +[https://www.mercurynews.com/2021/09/16/gov-newsom-abolishes-single-family-zoning-in-california/amp/](https://www.mercurynews.com/2021/09/16/gov-newsom-abolishes-single-family-zoning-in-california/amp/) +(I recently posted this on another finance sub and folk found it helpful, sorry if you're seeing it again.) + +Summary: From a place of desperation my wife and I started to make slow changes to how we handled our food and drink intake. Over years small things have made a massive difference to our finances and we are now reaping the benefits. + +5 years ago now, we were spending in excess of £125 a week on our food shop, over £60 a week on take-aways. Not to mention the quick grab lunches at £5 a pop. Being from the west of Scotland, booze was a ritual: weekly nights out easily reaching £200; pre-drinks at home: £40. We were literally eating and drinking our money away. + +And our credit card bills seemed to be ever expanding just like our waistbands. + +Having not been taught about budgeting or about cooking, my wife and I would gorge; eyes often bigger than our bellies. Working stressful jobs and mixing it with an extended student lifestyle, convenience became our main gal and we paid for it in every sense. Surrounding ourselves with people of similar lifestyles, this was just 'the norm' and it never entered our minds to change it. To us, this was the money struggle everyone spoke about; we were renting, and even though earning okay wages we were completely unable to save. + +For the longest time, we threw money at every deal at the supermarket thinking we were saving, bought all the fresh food thinking we were being healthy, threw money at big named brands thinking we were paying for quality. We would come home with too much for 2 people to physically consume and at the end of the week large portions of our fridge contents were always thrown away - mainly, the fresh food. + +Then something came into my orbit and I got really into the show on BBC, 'Eat Well For Less.' I knew the show had a lot to teach me but the main thing at that time was cooking. So I started to make easy things quite successfully and tried a few supermarket branded items after seeing families enjoy it. This was the start of something. + +We tried different supermarkets from our usual Tesco, to test prices and test some supermarket branded food. We tried online shopping for a bit to control the urge to buy on impulse (recognising we both suffered with this ailment.) We did this regularly to try to help with diet too and it started working. + +We started meal planning and making lunches for work which saved on stress and money. At this stage £100 was a regular shop with the £60 take-aways and £240 booze bill still very much on the cards. + +For about a year we played with this and made small progress with money. We still had zero savings, credit cards were still being used and we were still living month to month but we started to feel like we were onto something. It was around this time that I unconsciously went vegetarian taking an out-and-out dislike to all meat and fish. + +This changed everything and we had to think outside the box in terms of all meals. Don't get me wrong, we struggled a bit and slipped back to buying too much with my wife still eating meat. It was a struggle at mealtimes to make and eat something together. My wife, the angel that she is, finally had had enough and threw in the towel: she'd decided to go vegetarian too. + +So we stopped having to buy meat and fish saving us £££s. Then eggs went, then cheese and before we knew it we were both vegan. + +We relied on convenience food, yes, but we were cooking more and more. Take-aways at that time offered very little vegan options so our food bills reduced. We were now on £70 a week with £10 for chips now and again plus the booze-fest weekly schedule costing £240+. Credit cards started being paid. + +A year later we decided we wanted to save a deposit for a house. This co-incided with living too close to family members who are functioning alcoholics. + +We talked a lot about drinking and were very honest with each other. Turns out we are happy all of the time - apart from when we drink. So, we went on a sober journey but hid it from everyone. Our friends and family could only deal with so many 'other' things at the time. We didn't want to be ousted. + +At the time you could only get a few non-alcoholic drinks, so we relied on tricks - drinking a coke with a slice of lime to make it look boozy while we were out, covering labels of beers in photos, making excuses about shots. We started secretly driving to pubs and clubs and not telling friends, so we saved on taxis. We could now go on a night out and spend as little as £20 between us. No munchies needed afterwards either. + +This was a game changer! + +We started to save and credit cards were finally gone. This took about a year and we eventually saved for a house. + +Taking a hard look at finances, we went further and started to budget to keep us in line with the progress we'd made. £200 a month seemed reasonable for food. + +We started making lists before going to the shops, checking cupboards and only buying what we knew we needed and would use that week. We still gave ourselves treats like crisps or chocolate now and again but our taste buds changed and we didn't need that hit as regularly. + +Now, after this loooong journey, we've converted to Aldi and moved even further away from any and all big name brands. We don't buy much convenience food at all now and have kept up with our low take-away spend. We spend about £30 on average a week and have a healthier diet because of it. + +We've unintentionally shed stones in this process. + +We've now started using apps like Shopmium and Green Jinn to get free things or discounts on stuff we were going to buy anyway. + +It's like we're different people now and looking back over the years it's strange to think of the things we did and the actions we didn't question at the time. There is no way we could have implemented all these changes at once, we would have failed miserably and probably still be stuck in that rut. Tiny changes really add up. + +Thanks for reading this v long post. I hope this is useful in some way for even just one person out there. + +TLDR: we were skint; watched Eat Well For Less; started cooking; stopped buying named brands; went vegan; stopped drinking; started budgeting and meal planning; now shop at Aldi; use coupons and discount codes; money gains. +usually when i see it i think oh i should sell it and put that money to work in VOO or SPHD. but keeping it around reminds me that I don't know what the hell i'm doing. and if you don't know what the hell you're doing you should just stick to index funds. +I have three credit cards and all of them have time-sensitive rewards from retailers. 5% off Starbucks, 10% of Gap, stuff like that. These rewards usually only last a few weeks. The trick is that you HAVE to actively sign up for them on your credit card's website. Last week I was buying a new laptop for my wife and just before clicking "Buy It Now" I went to my CC site and looked through the rewards. Low and behold, there was a $120 Dell offer. Clicked the offer, went back to Dell and received my $120 statement credit today. + +Make sure to check those rewards! + +EDIT: An additional note is these rewards are not just for rewards cards. All my cards are cash-back cards and all still offer these extra rewards. It's just a matter of clicking "Add" and you still get your 2% back. I bought the Dell laptop with my Amex cash back card. So I still get my 2%, this is additional. +Anyone bought a condo near their primary residence to use only as an office? Any tips or things to look out for. There won’t be any clients or employees on site. + +My wife and I are considering doing this since we dont want to lease an office and need to free up a bedroom for another child at home. +She recently sold a cabin and the money is in a checking account. She has investments already in mutual funds and she’s asking me about investing in precious metals and possibly real estate. She’s 82. Can anyone here give me a starting point or some ideas? thanks +I had some questions about how competitive using pre-made tools are vs developing your own, as earning money with algorithmic trading is about being more sophisticated than your competitors. Having an technical edge is one way to improve your odds. Another one having better tools to backtest and simulate your algorithm. + +Are people who are serious about making algorithmic trading making their own tools or do they just use industry standards? +Ladies and gentlemen and everyone in between, strap in because we’re going to use real words for this one. I speak for myself here and no one else (and no one else here speaks for everyone else either). Feel free to DM for more facts and context. + +CNBC, whether its true or not, the past 3 days have made EVERYONE honestly believe that you are truly bought out by Wall Street, in every sense. You’ve paraded “analyst” after analyst, hedge fund manager after manager, boomer after boomer, to try and demonize and deflect blame for the GameStop situation. + +**Firstly, your contributors need to stop pretending they don’t know short squeeze mechanics.** + +You’ve had dozens of people on your air whining about how no one in [r/wallstreetbets](https://www.reddit.com/r/wallstreetbets/) cares about fUnDaMeNtALs and VaLuATiOn regarding GameStop. OF COURSE, we don’t care about GME’s fundamentals *anymore*, because we are in a SQUEEZE. We are in a squeeze in which the Shorts have DOUBLED-DOWN constantly. That means OF COURSE the price keeps going into the stratosphere. Do you actually believe your own lie that the Shorts like Melvin have closed out? I don’t, and we have data that agrees. Why would we sell our shares “’fair value”” if the squeeze isn’t done? + +Secondly, most of us are well aware that GME isn’t a $100billion company, or whatever $5000/share is. I think we are all very much aware that we are in the middle of a short squeeze, NOT price discovery. + +*This does not mean that our interest in GME was not a* ***value-based thesis*** *at first*. + +Our most famous GME long u/ DeepF\*\*kingValue has been in GME since 2019.([!!!](https://t.co/TengJuA7O9?amp=1)). There are others here who I’m sure joined at some point way back when. If you want more credibility, the famous Michael Burry and some dudebro Donald Foss both entered large positions in GME a long time ago. These people believed in the **FUTURE** ***VALUE*** of GME. They saw that savage, unrelenting short sellers like Melvin had *pounded* the share price into the ground, actively and immorally aiming for bankruptcy. Retail bought in in September because Ryan Cohen saw enough **value** to buy stock. The price jumped to $13/share in November because Ryan Cohen expressed his vision for a turnaround that people saw a ton of future **value** in. The big spike happened when Cohen n co. joined the BOARD OF DIRECTORS at GME. Why are your hosts and “analysts” pretending that these things didn’t happen? + +And the whole while, Melvin and Shorts were DOUBLING DOWN on their positions, which were already part of the preposterous, irresponsible and potentially illegal +100% short interest. And even now (as far as we know), the short interest IS STILL **OVER 100%**. STOP PRETENDING THAT THESE THINGS DID NOT HAPPEN. You’ve had people constantly claiming that the prices are reaching these levels “for no reason” and that the initial bullish sentiment was created “out of thin air”. The people who keep saying these things, including your hosts, are either willfully ignorant or acting in bad faith. + +Good, decent people provided their Due Diligence on this subreddit. They pointed out the $6.4billion in revenue in 2019. They pointed out the E-commerce sales *tripling* YOY. They pointed out the ability to easily pay off debt. They even called HUNDREDS of GameStops, where we found out they were constantly selling out of inventory, AND have plans of having PC-building-stations in-store. They pointed out the rapidly expanding Gaming Market, and the ability to grab substantial market share. And yes, they pointed out the 140% short interest, **BUT PEOPLE DID NOT START BUYING $GME SOLELY BECAUSE OF SHORT INTEREST**. Smart or not, honest people here bought into GME initially as a **value** play. They did their homework. They found data. They showed proof of positions. This brings me to my third point: + +In the entire time I have been on wallstreetbets, we have NEVER “targeted” a stock or hedge fund JUST to bust the shorts. Short-busting is not who WSB is. Those are the kids on TikTok, or the grifters on Twitter. Every single *popular* thesis on here has been backed up with [research](https://t.co/1ab5ppItOo?amp=1), [financial analysis](https://www.reddit.com/r/wallstreetbets/comments/fqk15o/fallen_angels_shitty_cars_worse_debt_and_what_it/?utm_source=share&utm_medium=web2x&context=3), and quality (depending on who you ask) discussion. Just because we talk like, stupid people, doesn’t mean we don’t say smart things. And maybe our ideas DO end up backfiring (see: [$PRPL](https://www.reddit.com/r/wallstreetbets/comments/jcbj0n/final_score_on_prplw_32m_gain/?utm_source=share&utm_medium=web2x&context=3])), and MAYBE 85% of the members don’t know what theta decay is, but we do *not* pull stocks out of thin air, as you’ve claimed. + +People here genuinely believe in these stocks. People here believe in Ryan Cohen, and the potential for GameStop to be reinvented. People believe in Blackberry’s future (present) as a rock solid software company. This brings me to my final issue: + +It is disingenuous and plainly incorrect to blame every. single. price increase. on the “reddit rebellion” and short squeezes. STOP saying we are going after $BBBY – there hasn’t been a substantive post in 4 months on that. STOP saying we are pumping $NOK – we’ve advocated for leap calls in NOK for MONTHS because *we know* we cannot wait out their giant share float. And for JPow’s sake, ***STOP BLAMING US FOR A***\[movie company\]***MC, EX***\[clothing store\]***PR, AND IRBT. TWO OF THOSE TICKERS ARE LITERALLY BANNED FROM THIS SUBREDDIT, AND THE OTHER ISN’T EVEN REAL TO US. WE CANT EVEN TYPE THEM INTO A POST WITHOUT GETTING AUTO-DELETED.*** People who try to pump a stock for no reason are BANNED. Yes, because of the events of this month, and because of the actions of groups like Citron, many people are happily engaging in one particular short squeeze. But that’s it. Yes, retail is more powerful than you may know, but we are not *that* powerful. + +If you or anyone else reading this are wondering why there seems to be more internet chatter on that *one* particular movie company, hear this: *SOMEONE* has been creating fake accounts and BOTS to spam and pump up \[movie company\] and $nok, etc. to distract from GME. Ask the admins. Look at Chamath’s twitter replies. Look at **ALL** OF FINANCE TWITTER. There are newly created accounts and bots spamming the hell out of these other stocks in an effort to *manipulate* the market and save the shorts. Jeez, I wonder who is behind that? **Could it be the same group of people who bought $1.2million of GME puts right before** [**tweeting something?**](https://t.co/Fz1aTbMa2p?amp=1) + +If anyone in the void is reading this, thanks. The point of this post was just to fight back in a tiny way against the days and days of whining millionaires on TV berating people they literally know nothing about. It’s to point out the ignorance of self-serving boomers saying things like “the SEC needs to regulate *the* Reddit”, etc. The point of this post was just to get our little corner of truth out there in the world, because we all know that truth is in short supply. 🚀 + +&#x200B; + +&#x200B; +Between this bait-and-switch and all the “retire early!” crap it’s very difficult to actually connect with other potential partners, private lenders, or just people that have been investing successfully for a while. Besides biggerpockets (virtual), what are the best ways to connect live with investors? +For context, my wife works for small Company A (old) in California which was a subsidiary of Company B (new). She reported directly to Jim who was the founder/owner of Company A. Mike, is an investor of Company A and owner of much larger Company B, who just bought out Company A, making Jim and everyone an employee of company B. + +In a recent meeting, my wife and the other employees were advised that they would retain their same jobs/rolls, and that they are to receive and sign a letter of resignation with company A, and an offer letter with Company B. For what it's worth, Mike is know to be quite a cheapskate. My questions are, is this a normal practice? Are there any red flags we should be aware of, and/or does she have any room for negotiation? + +Edit: + +Wow, did not expect to come back on to 500+ messages and 2k upvotes. We've read through most of the comments and feel like we have learned a lot through everyone's various experiences. Wife is telling me that they'll have a meeting later this week with more information about the next steps, and feel much more prepared going forward; will keep you posted once things unfold. Thanks Reddit! +I finally got my student loans' down low enough to pay off all at once. I have enough saved to pay it all off now and still have some money saved. I have been trying to to get rid of my student loans as quickly as possible. I have been contemplating paying them all off now and was wondering if I should or not. + +I want to start saving for a home/apartment but I feel like I can't truly begin saving while i have debt.Some people have told me to just make the monthly payments until loan is payed off and not worry about it. I am not sure why though. Currently there is no interest on the loan due to Covid. I feel like I should take advantage of this and get rid of it. Does anyone have any advise on this? + +&#x200B; + +EDIT: Thank you for all the great advise. Im still trying to figure out what to do. It seems i need a plan and think about what I want to do. +Another 40 year old noob here. Apart from Teachers Retirement System and Social Security I don’t have anything in savings or invested. I’ve now saved a little more than 6 months gross salary for my emergency fund, foolishly sitting in a checking account. + +The most common advice I’m finding is to move it to a money market account, obviously with a high interest rate and little to no fees. Maybe an online only service. I haven’t begun to shop the best options. Suggestions appreciated. My coworker suggested CIT and I’ve heard of Ally and Synchrony but haven’t gotten too far researching this yet. + +As for investment I think Roth IRA makes sense for me. Too many questions to ask here but one pressing question I have is: what is most advantageous between maxing 2021 or taking advantage of the extended deadline and contributing to 2020 even if that might mean neither year gets the max contribution? Is that added year worth something? +Dear /r/EthTrader users, + +We love memes. We love a good laugh. And, we appreciate that memes are a big part of the celebratory culture of cryptocurrency. + +But, in part because of changes to Reddit's sorting algorithm over the past year, this sub has become a bit over run with memes and comedy posts to the point that it is hard to find threads with valuable discussion on the front page, and so we're going to be both revising our meme policy and more strictly re-enforcing it. + +##From now on: + +* There will be no more than 3 comedy posts on the front page at any time. +* If there are more than 3 comedy posts, we'll remove the oldest or least upvoted comedy posts. +* Users will receive a notice that their post has been removed. It's *not* a rule violation, you are *not* in trouble if we remove your comedy post - it's simply just clean up. +* Comedy posts older than 12 hours will also be removed. +* If these new rule enforcements work well, we will be adding them to AutoModerator some time in the new year. + +##This will not affect: + +* Memes posted in the "Daily Discussion" thread. This can be your meme paradise. + +We believe this change will help us continue to develop /r/EthTrader as a place where we can have really valuable discussions about the trading of Ethereum, ERC20 tokens and cryptomarkets, while still allowing us to have fun and celebrate as a community. + +##What we want from you: + +* If there are more than 3 comedy posts on the front page, please report the oldest to us so moderators can start to clean it up. +* Consider self removing a comedy posts that you made if it has been up for more than 12 hours. +* Make sure to correctly tag your posts with flair, and report things that are incorrectly not tagged as comedy. +TL;DR [Tried to do some DD here](https://etfdb.com/tool/etf-comparison/ARKK-ARKW/#performance) but I can't figure out what would give me more growth. I can be risky. It seems ARKW has marginally better returns. I like both of their holdings. + +New to ETFs and am having difficulty understanding which would fit in better. I'm going to invest into VT, ICLN, and can't figure out if I should go ARKK and ARKW. Trying to go 10+ years +I'm pretty new to ETF's and have only ever bought traditional shares. I'm really keen to start purchasing ETF's and have narrowed it down to VTI or VOO but I'm a bit confused which one to buy. They essentially look the same however VTI is a cheaper price meaning I can buy more. Are there any real differences other than VTI having some small-cap companies? Are there any benefits to choosing one than the other or are they pretty much the same in terms of purchasing and growth? +Back in January I jumped on the GME bandwagon at $100 with one share. I didn’t even know wtf was going on but I was strapped in and ready to get some tendies. Not that I knew what those were either. + +Once news got out that GME was primed for launch the real FOMO gang came in and starting buying in at $200-$350. Then shit hit the fan as I’m sure we’re all aware of. +