diff --git "a/reddit_finance_43_250k_43.txt" "b/reddit_finance_43_250k_43.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_43.txt" @@ -0,0 +1,10000 @@ +I have an in-law whose children always help out in the family clothes business after school. This year they made enough money to pay their children each $6,000 which they invest into Roth IRAs in their names. There's no income taxes on it since they had not other income. I'm struck by how when they retire in 55 years, that one investment could be worth over $250K. + +My souse and I are office professionals, and so we can't hire our kids, but I'm also curious if there are others ways to put money into long term tax-advantaged investments for kids. +Good news story! My wife (F35) and I (M35) got together when we were 21. She caught pregnant very quickly (within 3 months) so we decided I would work and she’d stay at home and take care of the baby. I was on £17k a year and we struggled, financially! +But I had options. Credit cards, loans and store cards/accounts! +Fast forward to the end of 2016. We have 2 more children and my wife still isn’t working. I get a promotion and now on £21k a year. The financial state couldn’t be worse. Just over £35k in debt, across the board. + +I put my big boy pants on and did some consolidation! +I took out, what I consider to be, a mega loan. £35,000 over 84 months at 6.5%, with a promise to my self I would clear it by 2023! + +I’ve since been promoted again and I’m very happy to announce, through a year of continual overpayments, the last of my loan has JUST been paid off! I am so happy it’s unreal. + +Now to start saving what I was overpaying. Here’s to the future. + +Side note. To all who are in debt, there’s always ways around your debt without taking the way out. +Please view the UKPF flowchart, and speak to people, if you’re struggling with debt. It’s a heavy burden to carry on your own. +It’s by Bharatpe but the messaging keep pushing ‘Powered by Bharatpe’ almost as if they want to use BharatPe’s name but liability are separate entirely. + +12% fixed return seems brilliant in theory, can just park any excessive money there including FD amount etc. But I’m not able to reconcile the risk with this one. On one hand, it is effective p2p, taken from us and through NBFCs, going to peers in the network, but is my money going to a specific peer(if they default, is all my money gone?), or is my money going to a collective pool from where 1000 different peers are borrowing money? If 10 default, the pool collectively see a loss and that too, mostly will be covered since the peers are given loans at a higher rate: 15-27% or something like that? + +Current investment limit is 10lac, to be expanded to 50lac. I did 100k today but can do a couple of more lacs but not able to get over the supposed risk. At the other hand, savings bank at 5-6% is so annoying! +First of all, I'm not a socialist. I truly believe that investing capital in productive assets is the way to create a better society for all. + +But I'm increasingly starting to question this idea as more and more money gets wasted on businesses and ideas that really create no value - short-term, or long-term. + +Consider the $1.6B in funding India's fantasy/mobile gaming startups raised in 2021. That's over 12,000cr. + +Or the $120M cricket marketplace Rario raised last year - 960cr. + +That's billions of dollars going into businesses that, frankly, are not going to create any lasting value at all. + +Of course, the job of business is to create profit. And of course, investors will want to invest in businesses that maximize their returns. + +But at a time when there is wild inflation, mass unemployment, and real shortage of capital for critical infrastructure projects, it does make me wonder if there is just way too much cheap money in the world, and instead of being value-generating assets, its being wasted on wild speculation. + +2021 funding spree really made me disillusioned by the markets at large. Just wild speculative frenzy and very little focus on anything that generates lasting value. + +/endrant +The Mixin is the name of the project and the name of the blockchain that came out at the end of 2017. Maybe the word "Mixin" makes some people feel confused because there are several words like Mixin Network, Mixin Messenger, and XIN. So many people always misunderstand them, and here I want to explain what might also be the answer to this misunderstanding. + +Mixin Network is a fast peer-to-peer transactional network digital assets for free. This is a cross-chain solution with built-in smart contracts that facilitate direct cryptocurrency and secure crypto-asset transfers. This dramatically allows developers to build cross-chain DApps based Mixin Network protocol. As a TEE-powered BFT-DAG network, Mixin will be able to connect all existing blockchains with unlimited throughput, and Mixin will support all popular blockchain quickly. Now supports Bitcoin, Bitcoin Cash, Litecoin, Ethereum, Ethereum Classic, Ripple, and Sia. + +Website : https://mixin.one/ +Another 2.2 million in contracts. +https://www.globenewswire.com/news-release/2021/03/04/2186878/0/en/Kraken-Announces-2-2-Million-of-Subsea-Batteries-and-Sonar-Contracts-Project-Funding.html +**TINFOIL-HAT TIME** + +*TLDR: RC IS A PLEASRDAO MEMBER AND BOUGHT THE ONLY COPY OF THE WU-TANG ALBUM 'ONCE UPON A TIME IN SHAOLIN' AND IS GOING TO AUCTION/DISTRIBUTE IT FIRST AS AN NFT ON THEIR NEW BLOCKCHAIN MARKETPLACE* + +I will try and keep it short since most of this already got posted, but it didn't get the attention it deserved so i made a little compilation about the information available to us. + +As many of you know: Wu-Tang-Clans only-one-copy Album '*Once Upon a Time in Shaolin*' got boughtfrom the federal government by an anonymous buyer. Last week a collective named "**PleasrDAO**" announced that they purchased the album for over $4M back in july. + +Bloomberg did an interview with "PPLPLEASR", one of the NFT-Artists of the group.And oh boy did it jack my tits. Skip to **minute 2:00** for the important part. [Youtube link](https://www.youtube.com/watch?v=yQA5iBOfwog) because vreddit sucks + +Edit: [Bloomberg Source](https://www.bloomberg.com/news/videos/2021-09-02/bloomberg-markets-the-close-09-1-2021-video) + +https://reddit.com/link/qdsr4r/video/7hot7qdm03v71/player + +Okay okay, let me get this straight: She starts talking about the not existing scarcity in the online world because everything is copy & paste and how NFTs on blockchain are going to change this and suddenly we see the gamestop NFT website??!! Hold up! + +&#x200B; + +PleasrDAO, you now have my attention. Let's check their twitter! + +[PleasrDAO Twitter Banner](https://preview.redd.it/fwbujs9s03v71.jpg?width=1500&format=pjpg&auto=webp&s=01123b53ef271ac20f8043c5e18977cdd856c00f) + +Whaaaat? An ice-cream cone, a frog, a monkey and fking rocket! Does that remind us of something??!! + +&#x200B; + +SO WHO IS THIS GROUP? PleasrDAO is a relative young group, not even a year old. But they already built a reputation and have an amazing digital art collection. + +So hear me out: They bought elons hyped c0iiiin as a MEME NFT and fractionalized it into billions of ERC-20 tokens so people could buy it for $1. + +Man this sounds amazing and pretty similiar to the DDs we had about a possible NFT dividend for GME shareholdes. Remember the Glass Castle DD EIP-721 + ERC-20 = **741** + +&#x200B; + +And it doesn't stop here: + +[A Group of 74](https://preview.redd.it/1557afvx13v71.png?width=823&format=png&auto=webp&s=9df78a6a32578bd2fe20ba1dff8d1f373a3f1081) + +So PleasrDAO is a collective of **74** members. No way, again this number? What if.... could it be? + +**74** members and **1** album?! + +&#x200B; + +Do we know everyone in the group? Well, there is one that wants to stay anonymous, but still decided to get into the picture with his black hoodie covering his face. + +https://preview.redd.it/5riugdz723v71.png?width=960&format=png&auto=webp&s=f7c2c031741a217a868f3413d7a805f57c60bc75 + +And again, something familiar that reminds us all of someone... Daddy Cohen. + +It's all just theory and assumptions at this point, but it isn't just a late-night-full-on-crack theory anymore. There are legit hints online. + +And Voilà, if they decide to distribute the rights to the album through tokens on GMEs(Looprings) NFT marketplace or right away through a dividend... BOOM, we have an atomic bomb that will hit the market like nothing seen before. + +I don't believe 741 has just one meaning. It can be found everywhere. Every DD on it is important and brick by brick we get a bigger picture. + +Ryan Cohen planned most of it over a year ago. Gamestop is just the vehicle to realize his dream of an blockchain marketplace revolutionizing the industry. The man is playing 5D-chess + +I think we're close apes! Very close, like 2-6 weeks close! + +So long, have a nice weekend! +After getting hooked, many addicted come here for support and counseling. Some are prescribed wheel therapy and some CSP. Those who successfully recover after fighting TSLA 1000 1/30 impulses, celebrate their recovery by posting green-colored RH screenshots. +So my company moved me into a temporary apartment in a rather large city, and while i was there I wanted to go to the gym. Because its like the island's private gym and its in the middle of a city, the rates were rather high ($96/month) , so i went to the gym to discuss it with a rep. The guy I spoke with told me that he would charge me $79/month and would make my membership automatically cancel in 1 month as I advised him that this is about when i would be out of the temporary place. Fast forward 3 months (now), and I get an email from the gym stating that I owe them $368 because I signed a 3 month contract + late fees. They have no documentation of the $79 deal that the rep told me about and basically through email tell me paying is my only option. + + +So I call up the gym and ask to speak with the guy I signed up with, and they inform me that he has been fired for manipulating customers into signing contracts and promising them false rates. The woman asks for my story and tells me she will speak with her manager and get back with me. + + +Is there anything I can do here to help my case? I'm a college student and work full time to pay my tuition and really cant afford to pay $400 right now. Any advice is appreciated. + +&#x200B; + +Forgot to add the woman told me that they had been sending letters to the apartment which I had obviously moved out of, thus why the email was the first time I heard that I owed this much. + I did a Discounted Cash Flow valuation of **Apple Inc.** and based on my assumptions of Growth rate & Terminal growth rate its intrinsic value comes at around $**135**. The stock is currently trading at around **$143.** + +Here are the assumptions I used for my DCF:- + +1. **Growth Rate - 19%** (based on Yahoo Finance Analyst growth estimates [https://finance.yahoo.com/quote/AAPL/analysis?p=AAPL](https://finance.yahoo.com/quote/AAPL/analysis?p=AAPL)) +2. \*\*Terminal value multiple- 15 (\*\*current **EV/FCF multiple is 25** and **EV/EBITDA is 22**) +3. **Discount rate - 10%** ( I know this is low but my return expectations are around 10-12%) + +Financials and Free cash Flow are also taken from Yahoo finance:([**https://finance.yahoo.com/quote/AAPL/financials?p=AAPL**](https://finance.yahoo.com/quote/AAPL/financials?p=AAPL)**)** + +**Should I buy or wait for some correction ?** + +**P.S.:** I think Apple is fairly valued in the current market compared to other FAANG stocks which are hugely overvalued. +Assembly Bill 1771 is a proposed law in California that will impose a 25% tax on any profits from residential real estate bought and sold within 3 years. This law is basically targeting and punishing house flippers. + +As someone currently halfway through getting my CA real estate license (for the sole intention of starting a flipping business), this has me concerned. + +Whether or not the law passes, California in general seems like a state hostile to investors. Should I look to get my license elsewhere like Florida or Texas and invest there? + +Anyone in the same boat or can offer any advice? +Met someone I like and we've been dating for a few months and I have been communicative about my "fatFIRE" goals with her. She seems to be excited and interested in the idea but I don't feel she has the same drive. At a point where I am trying to figure out our long-term prospects. + +For all of you in the community who are married/in long-term relationships... how important has it been in your opinion, that both partners be on the same page about fatFIRE goals? + +\*I'm about 10 years away from my fatFIRE goals, so it's going to be hustle-hustle for the foreseeable future. + +Thanks for taking the time to read! + +Update: Thanks everyone for the overwhelming response and taking the time to share your experiences/thoughts. Much appreciated! +Listen up, there's so much negative sentiment over RC -EVERYWHERE- it's ridiculous. Wasabi, Twatter, MSM. All because of the towel stock "dump" - or is it? + +I'm sure a few of you remember the days of GME ripping assholes back in Dec 2020/Jan 2021, but I believe we're about to see the exact same thing with towel stock, except now to a much more amplified degree thanks to regsho. Prime brokers, hedge funds, market makers are stuck in a feedback loop that they can't get out of without your help (paperhanding). + +[Regulation SHO Threshold Security List (nasdaqtrader.com)](http://nasdaqtrader.com/trader.aspx?id=RegSHOThreshold) + +https://preview.redd.it/5l4avl7x9ri91.png?width=910&format=png&auto=webp&s=042ad4a73a5e3a7961bc15fda381e1afb9baf6e2 + +[Key Points About Regulation SHO (sec.gov)](https://www.sec.gov/investor/pubs/regsho.htm) + +&#x200B; + +[In case you still don't believe naked short selling exists](https://preview.redd.it/57ptkmoy9ri91.png?width=545&format=png&auto=webp&s=a332683a62dbd33430a3c727cac6092055526d10) + +Once a stock makes it on RegSho, ALL OF THE FAILS THAT CAUSED IT TO GET THERE HAVE TO BE CLOSED. But Massive\_Nectarine, how are fails closed out? Well thanks for asking. Either you paperhand them back to the brokers/hedgies/market makers at what THEY determine the price to be (exactly what is happening now), or you wait for their forced closure to be enacted. T+13 or T+35. + +&#x200B; + +https://preview.redd.it/ng6inbp1ari91.png?width=488&format=png&auto=webp&s=012d8bcbd22d56f516deee25d6da7132817b517e + +Dont take my word for it. read the damn rule. + +https://preview.redd.it/www4ime2ari91.png?width=574&format=png&auto=webp&s=760e9a34f7645b0ec76a07ab6916fd39e4e743d9 + +It doesn't say cover. IT SAYS CLOSE. + +Ok cool so what the does this mean, and why the should YOU care? Look at the anatomy of quite possibly every other name brand squizzle. + +&#x200B; + +[credit u\/notraptorguy](https://preview.redd.it/d46kvaf3ari91.png?width=207&format=png&auto=webp&s=5e0dbcf0220edd4762163bca3e0f0c3a91467134) + +GME sneeze + +GME is added to reg sho. T+13 you have a small doinger from hedgies/primes force-closing positions, roughly 1 month later you have MMs force closed on their FTDs. The rest is history. You know what happened next. + +====================================== + +But Massive, I know what happened with GME, why was the ticker placed at PCO only? **BECAUSE FAILS ARE ONLY CLOSED OUT BASED OFF YOU SELLING THEM BACK.** + +This was the "nuke" button. To force YOU to close out your position at a price they were willing to pay. Who is they? Whoever holds the fail obligations. Had people diamond handed their shares, how do you think those positions get force closed? **SPOILER ALERT: THEY DON'T.** The entities with outstanding obligations were able to bring GME off the RegSho threshold list *by* ***inciting panic in people who held FTDs.*** + +====================================== + +What do you think is happening literally right now with towel stock? **THE EXACT SAME THING.** towel stock has a ridiculous amount of FTDs that accumulated over the last runup that HAVE TO BE CLOSED OUT. If you were a prime broker/hedge fund/market maker, would you want to close as many shares as you sold @ max price? + +NO YOU WOULDN'T. You'd want to knock the price down as much as possible, shake as many paperhands loose as you can, so you can cover AS FEW obligations as humanly possible at the lowest price you possibly can. + +======================================= + +Kinda hilarious to see this inorganic "doom and gloom" surrounding towel stock right now when Nothing. Has. Changed. It's almost like this negative sentiment is completely manufactured to reduce damage as much as possible before liftoff. + +Unless you're a paperhand, you're still holding moon tickets - you just dont know it yet. All the paperhands that dumped at a loss? Those are going to be the ones FOMOing back in **ONCE** towel stock rips at both forced closure stages of reg sho, which will subsequently bring retail into $GME from being in the same super shorted basket. + +&#x200B; + +[VW sneeze](https://preview.redd.it/75kix9zbari91.png?width=1014&format=png&auto=webp&s=9689e2793ed547b16a4d8f07081f2d750bd03724) + +Why do you think you see the exact same pattern off every stock that sneezes? If you made it this far in the post and really need me to spell that out to you, read again. It's because of reggie. + +&#x200B; + +What the hell does any of this have to do with $GME? + +&#x200B; + +[my hero](https://preview.redd.it/ajgit76yari91.jpg?width=828&format=pjpg&auto=webp&s=335a5927c303c4f57e735263c189f005f6b031f5) + +RC knew/knows he has to fall on the sword for this one. The old guard only has one option to stop their destruction. Go after the person retail investors look up to the most. If towel stonk rips, GME will rip and retail will pile back into both, creating a regsho feedback mechanism in TWO stocks instead of one. + +https://preview.redd.it/xosmhwxmbri91.jpg?width=332&format=pjpg&auto=webp&s=50e99cd5baefffb3344d28540152757710821d98 + +While y'all are busy wiping your tiny tears with your wifes boyfriends underwear, Goldman Sachs is going net long BY FAR in towel stock to ride this gravy train to the top. They know they're fucked. + +[BBBY Institutional Ownership and Shareholders - Bed Bath & Beyond Inc. (NASDAQ) Stock (fintel.io)](https://fintel.io/so/us/bbby) + +https://preview.redd.it/xphon6miari91.png?width=1440&format=png&auto=webp&s=7eff61ff34691e9e211f7f41f66c752f312cd2e5 + +edit: for the people trying to claim this is about towel stonk, you couldn't be farther from the truth. This is about the macroeconomic implications of whatever the hell is going on in the market. + +https://preview.redd.it/or0g496ejri91.png?width=926&format=png&auto=webp&s=6e944af7d49c43706c3d604b56f72c7df93b587d + +I'd like to add another edit here: **GameStop is the PINNACLE of a symbiotic relationship between a company, its shareholders, and its customers.** In 2020, sentiment was bearish af for GameStop and many people thought it was going under. MSM was pushing that it was going under. Hell, you could probably ask the employees back then and they would have told you that it was going under. + +GameStop sneezed, Wall Street crimed, and retail was shit on. GameStop was able to sell shares ATM to raise cash and has built itself into a powerhouse of a company - self-sufficient with no debt, with the most raving investor base and customer base the stock market has quite possibly ever seen. + +The same sentiment is being pushed in towel stonk right now. Doom and gloom, going bankrupt, RC dumped, bla bla bla. If towel stonk sneezes, or actually hits the mack daddy, it will be free to offer an ATM share offering to raise capital and fix their balance sheet. It doesn't matter what the situation looks like NOW - what matters is shaking the shorts that latch on and bleed the host dry like parasites. Except now the parasites have to deal with both towel stonk AND GameStop moving in LOCKSTEP with each other through stock price appreciation. + +Edit 3: 24 hours in. + +https://preview.redd.it/w6gc8ia6qyi91.jpg?width=389&format=pjpg&auto=webp&s=29e6f0e36b4eb9f1a4fdcbea6360c34e11027d9f + +https://preview.redd.it/ql5xztz9qyi91.jpg?width=557&format=pjpg&auto=webp&s=b1964dcf703a00caa1b0a2ee7b79639e25c213f2 + +&#x200B; + +TLDR: + +Expect the next few months to be some of the heaviest FUD months you've ever experienced in your literal life. Expect crazy misdirection. Expect more hostilities towards you as a "meme stonk" holder from everywhere, because the only thing MSM can do is break you down to stop this. + +This actually has potential to be the end-game if apes and wasabi are still diamond handing enough towel stonks by the time regsho force buy hits, because the entire basket will blast off (INCLUDING 55% float DRS'd GME, the mack freaking daddy of shorted stocks). + +GME never ended. Towel stock never ended. Towel stock being on the regsho threshold list is about to blast both off to uranus. This is what blows up the death star. +Came upon this article about Chuck Feeney, cofounder of Duty Free Shoppers, who gave away his money to charity over the past several decades, pioneering Giving While Living, and is now broke at the age of 89: + +https://www.forbes.com/sites/stevenbertoni/2020/09/15/exclusive-the-billionaire-who-wanted-to-die-brokeis-now-officially-broke/amp/ + +I’m curious what my fellow financial independence pursuers think about his story and the plan he chose for himself. +I recently started a new role around 3 months ago in Sydney and whilst it’s challenging, I have been learning a lot. I have recently got an offer to jump ship for a similar role with around 40-50% more money at a bigger company. The industry I work in is also quite small so I think I might burn a lot of bridges by going so soon. What should I do? + +Any comments or recommendations are appreciated. +I bought 2 medium pizzas from Papa John's to celebrate. + +Edit: my first awards. Thank you kind gentlemen and gentlewomen. But use them to buy BTC instead! + +Edit 2: just for some of you who got tangled with the maths of the second part - I assumed BTC price of around 48k. 2 BTC = 96000 USD. This assumes a pizza = around 9.6 dollars. +(Alright alright I took BTC at 50k, I just didn't want to jinx it). 😅 + +Edit 3: LOL https://twitter.com/DocumentingBTC/status/1360971570999607299 +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! + +My parents own their own business and make about $100,000 per year. They have less than $100,000 in savings (which I think is just in cash), and are about to turn 60. Luckily they almost have their house paid off, but they spend money constantly with no plan for how they will provide for themselves when they can no longer work. They just bought a new $60,000 car (financed) and are constantly shopping and eating out. That is, they quite literally spend every dollar they make and then some. + +They know my husband and I are frugal and have the means to take care of them. They regularly “joke” and say they don’t need to save for retirement because we’ll “put them on the payroll.” + +I’ve told them, quite directly, that that will not happen and I have no plan to provide for them financially. My problem is, they’re still my parents, and I don’t want them to starve (so I get pretty stressed by it). They will likely only get the bare minimum social security retirement (a lot of their spending is deductible) so I am quite concerned starving is a possibility. + +Has anyone else dealt with a similar situation? I would like to help them help themselves but my mom is particularly emotional and has a hard time accepting reality. Any advice greatly appreciated! + +Oh, and I’m the only child. +I’m curious why many talking heads you see on news or other sources are not predicting at lease home values returning to 2019 prices somewhat quickly. + +Maybe I’m wrong but we have seen rates go up and they are currently almost double what they where in 2019. Plus we are seeing more rental units being built and ready to come online soon. We are projected to have more layoffs. Currently we have some of the highest rates of young people living at home with parents. More company’s are demanding workings back in the office and no longer allowing work from home full time. And the average home is way higher then the average wage. All this would make me believe that since home prices shot up with record low interest rates and many people moving out of cities to lower cost of living areas these rents should reverse just as fast as they set in. So i would think in a maximum of a 2 year time should see homes go back to the 2019 price ranges. Could someone explain why this reasoning would be wrong. + +It’s hard to get my head around how people are listing dumpster fire homes still for half a million. +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/2sQBNuM) + +&#x200B; + +Claims that I have gone mad and attempted a Robot Uprising are incorrect. +**Post 1: Basics: CALL, PUT, exercise, ITM, ATM, OTM** + +[Post 2: Basics: Buying and Selling, the greeks](https://www.reddit.com/r/investing/comments/hdg9xc/how_to_not_get_ruined_with_options_part_2_of_4/) + +[Post 3a: Simple Strategies](https://www.reddit.com/r/investing/comments/hgomwv/how_to_not_get_ruined_with_options_part_3a_of_4/) + +[Post 3b: Advanced Strategies](https://www.reddit.com/r/investing/comments/hgp05y/how_to_not_get_ruined_with_options_part_3b_of_4/) + +[Post 4a: Example of trades (short puts, covered calls, and verticals)](https://www.reddit.com/r/investing/comments/hlb9ns/how_to_not_get_ruined_with_options_part_4a_of_4/) + +[Post 4b: Example of trades (calendars and hedges)](https://www.reddit.com/r/investing/comments/hu8uh9/how_to_not_get_ruined_with_options_last_post_part/) + +`---` + +I wanted to chat a bit about options here. I realize that there are already plenty of articles about options that you can find online, but many are either overly complex, oversimplified, trying to sell you some products, etc. I figured I would explain some of it here, in order to reduce the learning barrier. After all, knowledge is power. And given the **recent** [event](https://www.thestreet.com/investing/young-robinhood-trader-kills-himself-over-730000-loss) **with Robinhood**, I figured it is worth repeating how options work so you understand what is happening under the hood, and don’t end up taking too many risks and making mistakes that you could regret later. If you are interested in trading options, I invite you to look for more details online. + +I have been trading options since 2008. I made some mistakes, so many, especially in the beginning. Over the years, I kinda reduced my option trading activities, but these past few months, I have been doing it much more as there are so many opportunities and the market is so volatile, which helps with my trading style. + +This **first** post is to explain how options work in general, the [second](https://www.reddit.com/r/investing/comments/hdg9xc/how_to_not_get_ruined_with_options_part_2_of_4/) post will go into some more details, the third posts [3a](https://www.reddit.com/r/investing/comments/hgomwv/how_to_not_get_ruined_with_options_part_3a_of_4/) and [3b](https://www.reddit.com/r/investing/comments/hgp05y/how_to_not_get_ruined_with_options_part_3b_of_4/) will explain some standard strategies, and the fourth posts ([4a](https://www.reddit.com/r/investing/comments/hlb9ns/how_to_not_get_ruined_with_options_part_4a_of_4/) and [4b](https://www.reddit.com/r/investing/comments/hu8uh9/how_to_not_get_ruined_with_options_last_post_part/)) will give some examples for my recent trades with gains and losses and how I approach option investing. If you are looking at r/wsb style of investment, please skip these posts, they are not for you. I am a relatively conservative investor and will avoid pure gambles, but I will still take some calculated risks. So I say. :) It is fair to say that most of my money is invested in standard ETFs / mutual funds / Real Estate. So, my option play represents only a percentage of my overall wealth. + +It is often perceived that options are extremely risky, and one of the best ways to get ruined. For some trades, this can be true. To dispel a myth, in reality, options can also be used to be extremely conservative. Even to a point where you barely make any money at all in any market. Unlike for shares, where you can only control the diversification, with options you have a much bigger control on the risk / profit profile. Time and volatility is also a factor that you can profit (or lose) from. + +One thing to note is that not all companies or ETFs provide options for their shares. + +**The basics: CALL and PUT contracts, strike, and exercise** + +Options are split into two groups: CALLs and PUTs. Both have a strike, an expiration date, and a number of shares attached to it. We’ll talk about the exercise and expiration date a bit later. When you buy a call or put option, you buy a contract with a 3rd party through your broker and the stock market. Usually, one contract represents 100 shares. + +The strike corresponds to a share price for the underlying instrument. So for SPY that is worth $308 today, you will have options with strike $308, but also $300, $301, $310, etc… From $5 to $525. Options strikes are created as the underlying instrument SPY goes up and down. For SPY, strikes have a granularity of $1 around the share price, but can also be $5 or even $10 farther from the current price. Some other instruments have a $2.5, $5 or even $10 granularity. It can even have a $0.50 granularity. (Hello Hertz! It dropped so much that the lowest strike is $0.50 right now). + +A CALL is a contract that allows the buyer to buy a number of shares at a given strike price before an expiration date. If you buy a call with a $150 strike, and the share price went up to reach $200, this allows you to buy some shares at $150 that are now worth $200. The action of exchanging your call against some shares that you bought at the strike price is called exercising the call. When you exercise your call contract, you are buying shares into your account. + +Remember that, in most cases, 1 contract will buy 100 shares in your account. When exercising each call contract, you will need $15k of cash in your account in this example ($150 for the strike, multiplied by 100 shares). And the same 100 shares are now worth $20k (at $200 for each share). Not accounting for the price you paid for the call option (more on this later), this means you will make a profit of $5k if you sell the shares. + +Conversely, a PUT is a contract that allows the buyer to sell a number of shares at a given strike price before an expiration date. If you bought a put with a $200 strike, and the share price went down to $150, this allows you to sell some shares at $200 that are now worth $150 each. Similarly to a call, the action of exchanging your put against some shares that you sold is called exercising the put. + +When exercising each put contract, you are selling 100 shares from your account. When exercising each contract, your 100 shares will be sold for $20k ($200 for the strike multiplied by 100 shares). And the same 100 shares are now worth $15k (at $150 for each share). Not accounting for the price you paid for the put option, this means you made a profit of $5k. If you did not have the 100 shares per contract in your account, you would be actually short selling the shares, and you could make the $5k profit by buying these shares back. + +In summary, a call buys shares when exercising. A put sells shares when exercising. Most importantly, in the vast majority of the cases, you should actually not exercise your contracts, but instead, you should sell your call or put at the market price, as you will increase your profit (see extrinsic value later). + +Brokers do not allow you to exercise the contract if the difference between the strike and the current value is going to make you lose money. In other words, you can’t exercise when the current value is below the strike for a call (you want to buy low when the value is high), or current value is above the strike for a put (you want to sell high when the value is low). + +Most brokers do auto-exercise your call and put contracts at the expiration date if they can be exercised. If the contracts cannot be exercised at the expiration date, and you did not sell your contracts before, they will be worthless, and the money you spent buying the contracts will be completely lost. + +Although I am mostly talking about American style options that can be exercised at any time, there are also European style options that can only be exercised at expiration. In the US markets, pretty much all stocks and ETFs are American style, But the cash-settled indexes, like SPX and RUT, are European style. + +**The basics: Intrinsic and extrinsic value** + +A call or a put contract costs money to buy, called a premium, so a 3rd party can give you the right to exercise the call or the put. After all, they won’t take the other side of this contract for free, and they have to be remunerated. The minimum for a contract is $0.01 per share for some very liquid ETFs, but for most instruments, it is $0.05, thus $5 per contract for 100 shares. When you buy a call or put, this premium is the most you can lose by expiration date. The 3rd party that sold the contract to you is open to many more risks and potential losses (see below). + +The value of the call and put contracts will depend on the strike, on the share price going up and down, the share’s volatility (how fast / far it goes up or down), and the time passing. + +When you buy a contract, the strike and the expiration date is known. However, the share price and volatility will constantly change. All the call and put options are constantly repriced as time is also passing (closer to the expiration date). + +The intrinsic value is the portion of the contract value that only depends on the strike and the current share price. It is above $0 only when you can exercise the contract. The extrinsic value is the portion of the contract value that depends on the volatility and time. For pretty much all options, this extrinsic value is above $0, and will slowly drop to $0 as we get closer to the expiration. + +Let’s take an example with a share price of $150. + +Say, you buy a call with a strike of $145 expiring in a month for $7. The intrinsic value is $5 ($150 - $145), the extrinsic value is $2 ($7 - $5). Said differently, if the share price did not move at all until the expiration date, your call contract would bring you $5 per share. You would have lost $2 due to the time passing. + +Similarly, you buy a put with a strike of $155 expiring in a month for $7. The intrinsic value is $5 ($155 - $150), the extrinsic value is $2 ($7 - $5). + +It is worth noting that any call with a strike price at $150 or above has $0 of intrinsic value. If you pay $4 for a $155 call, all the $4 is extrinsic value. If the stock price does not go over $155, you will lose the full $4 per share (so a $400 loss per contract). Similarly, a put with a strike price at $150 or below has $0 of intrinsic value. If you pay $4 for a $145 call, all the $4 is extrinsic value. Your contract will be worthless by expiration if the stock price did not drop under $145. + +Note that, in these examples, I use the same price for the call and put options that are $5 away from the strike price, but it’s not always the case. The call and price options are priced differently depending on the volatility, market expectations, potential dividends, cost of money, etc. + +**The basics: ATM, ITM, and OTM** + +There are few definitions related to the relationship between the strike and the current share value for puts and calls. + +An option is ‘At The Money’ (ATM) when the current share value is matching the strike. The share price is $150, and the strike of $150 for both the call and put contracts will be considered ‘at the money’. + +An option is ‘In The Money’ (ITM) when the contract has some intrinsic value. The share price is $150, so a call at $140 is ‘in the money’, with $10 of intrinsic value. A put at $160 is ‘in the money’, with $10 of intrinsic value too. + +An option is ‘deep in the money’ when the option is ITM and the strike is far from the current share price (for example more than 20%). For example, with a share price of $150, a $100 call will be considered ‘deep in the money’. Same for a $200 put. + +Conversely, an option is ‘out of the money’ if there is no intrinsic value. With a $150 share price, a $160 call is ‘out of the money’. A $140 put is ‘out of the money’. The money you paid for the call and put is purely extrinsic value, there is no intrinsic value. An option is ‘deep out of the money’ when the option is OTM and the strike is far from the current share price. For example, with a share price of $150, a $200 call will be considered ‘deep out of the money’. Same for a $100 put. + +As the share price goes up and down, depending on the option strikes, it can switch between ITM, to ATM, to OTM. The option price will always reflect that and will be based on the time at expiration and the current share volatility. + +Few key things to note: + +* The deeper ITM an option is, the more expensive it is. As it gets deeper ITM, the intrinsic value increases, the extrinsic value decreases. You have a higher chance for the option to be worth something, and you will lose less money on the extrinsic value. The price of Deep ITM options will move very closely to the underlying shares (a positive correlation for calls, a negative correlation for puts). +* The deeper OTM an option is, the less expensive it is. Again, OTM option price is pure extrinsic value. You have a very small chance for the option to be worth something by expiration. +* The maximum extrinsic value is when the option is ATM. It is purely extrinsic value, with barely any intrinsic value. These option strikes are the most sensitive to time, volatility and share price. + +Here is an example, with the same share price of $150. For a call, you could get something like this: + +Strike = $100 / Premium = $53 / Intrinsic = $50 / Extrinsic = $3 ← Deep ITM + +Strike = $125 / Premium = $30 / Intrinsic = $25 / Extrinsic = $5 ← ITM + +Strike = $150 / Premium = $9 / Intrinsic = $0 / Extrinsic = $9 ← ATM + +Strike = $175 / Premium = $5 / Intrinsic = $0 / Extrinsic = $5 ← OTM + +Strike = $200 / Premium = $3 / Intrinsic = $0 / Extrinsic = $3 ← Deep OTM + +You can imagine the same table for a put but in the other direction. + +It is worth noting that if you have a $100 call and you decide to exercise it, you would directly get $50 of proceeds per share, but you would also destroy the extrinsic value to $0, losing $3 of proceeds. Instead of exercising your call, you are much better off selling your call for $53. In general, there are not many reasons to exercise your options. Selling them is more advantageous. + +The [next](https://www.reddit.com/r/investing/comments/hdg9xc/how_to_not_get_ruined_with_options_part_2_of_4/) post will continue talking about the basics of options. + +`---` + +**Post 1: Basics: CALL, PUT, exercise, ITM, ATM, OTM** + +[Post 2: Basics: Buying and Selling, the greeks](https://www.reddit.com/r/investing/comments/hdg9xc/how_to_not_get_ruined_with_options_part_2_of_4/) + +[Post 3a: Simple Strategies](https://www.reddit.com/r/investing/comments/hgomwv/how_to_not_get_ruined_with_options_part_3a_of_4/) + +[Post 3b: Advanced Strategies](https://www.reddit.com/r/investing/comments/hgp05y/how_to_not_get_ruined_with_options_part_3b_of_4/) + +[Post 4a: Example of trades (short puts, covered calls, and verticals)](https://www.reddit.com/r/investing/comments/hlb9ns/how_to_not_get_ruined_with_options_part_4a_of_4/) + +[Post 4b: Example of trades (calendars and hedges)](https://www.reddit.com/r/investing/comments/hu8uh9/how_to_not_get_ruined_with_options_last_post_part/) +Holding 95% in cash. Waiting for some kind of "lehman brothers" moment or some "enron scandal" moment where a big known company has problems that no one imagined. Only then I would think we are close to the bottom. I am very bearish. But of course I can be very wrong and this time is different. +I get it, a famous person doing memes in our favor is fun. We all love the wolf of Wall Street movie. But let’s be real here. + +Belfort is the epitome of what we’re up against as retail. He’s a convicted con artist who actually did so much fucked up shit he didn’t just get a slap on wrist from the SEC, he actually went to prison. + +He was just anti-GME a few days ago, and now he’s meme-ing in its favor? A meme repeating the sentiments being echoed in this sub? + +It’s pretty clear to me. Belfort came to the realization that this is the next generation of decentralized hedge fund. There’s power when a bunch of apes all like the same stonk. He sees the popularity and realizes the potential and impact that crowd sourced DD will do. He knows communities like this will grow. And he wants to use you. + +this is nothing more than seedy opportunist bullshit because Belfort realizes you’re the exact type of person who makes him rich- a retard who yolos into risky investments at the idea of massive % gains. he wants to capitalize on the popularity of GME and this sub. He wants to sell you his shitty motivational book and the idea that he can teach you how you can be rich and famous with his “miNdSeT” when really he got rich by scamming people, and famous for being caught. + +Please. Stop. He is not your friend. I wouldn’t be surprised to see him try to leverage popularity gained here to a “trading community” of his own: + +> “Belfort will share his favourite market sector in “Wolf Report” and give 10 lessons in “Wolf Mentality”, which includes tips on “what it takes to be a trader, how to handle emotions, the intangibles of success, how to take advantage of opportunities, and how to learn from your mistakes”.” + +https://www.fnlondon.com/articles/wolf-of-wall-street-jordan-belfort-to-teach-tips-to-armchair-traders-in-new-tie-up-20200819 + +Yeah, how about you eat my stinky dick instead. I want nothing to do with this shit and this sub should not be strengthening any kind of association with criminals of the finance world. +Just thought I'd post some screenshots to some work I've been doing: + + [https://i.postimg.cc/NgSW-852S/oil.png](https://i.postimg.cc/NgSW-852S/oil.png) + + [https://i.postimg.cc/rcSvWyVZ/tsla.png](https://i.postimg.cc/rcSvWyVZ/tsla.png) + +The basic premise was that when an important entity (news agency/politician/government agency) tweets, sometimes it will impact on certain share prices. If I were to setup triggers on certain words from certain twitter accounts and a corresponding stock, which would buy and then sell some duration afterwards (eg. 10 min). I would in the long run make a profit, or at least do better than trading at random. + +Well, I've not found it to work (in backtesting). I know very little about trading, so maybe I was foolish, but at least I've gained some programming experience... + +Interesting to see that Trump phoned [@JoeSquawk](https://twitter.com/JoeSquawk) to tell him of a 10 million barrel oil cut before posting his tweet! +https://www.cnbc.com/2018/07/18/most-millennials-regret-buying-home.html + +* Disclaimer: small sample size + +Article hits some core tenets of personal finance when buying a house. Primarily: + +1) Do not tap retirement accounts to buy a house + +2) Make sure you account for all costs of home ownership, not just the up front ones + +3) And this can be pretty hard, but understand what kind of house will work for you now, and in the future. Sometimes this can only come through going through the process or getting some really good advice from others. + +Edit: [link to source of study](https://www.reddit.com/r/personalfinance/comments/909i5y/almost_70_of_millennials_regret_buying_their_homes/e2paldn/) +Many people living the FIRE lifestyle have some sort of passive income or side hustle that brings in additional revenue beyond the 9 to 5. + +What do you do to bring in extra cash? How did you get started with that side hustle? Would you recommend others take up the gig? + +Edit: a side hustle isn't key FIRE but a lot of people partake in something to bring in additional revenue, so I just want to learn about what people are doing to bring that in. Not everyone makes $100k+ from their day job. +Before I started theta ganging, I was pretty stock market illiterate. I knew nothing about fundamentals or technical analysis. + +Now theta gang forces me to be very active with my research and learn everything I can about indicators and the company fundamentals and how the fed and outside influences can move the stock price. I’ve also learned about risk management and when to take the L or take profit and most importantly to not trade emotionally! + +If I don’t make great returns, I’ve at least learned a lot about the stock market that I can be a better investor in the future + +Thanks #ThetaGang +Decided to put 6K in the market yesterday.. (BABA, SQ, RKT, QQQ, Docu sign etc..) and this happens today. + +Who else literally feels like whenever they add or buy a stock or stocks it always dips after? + +If so, welcome to investing... go enjoy the day :) or buy if you can.. just wish my timing was better or “luck” for these good buying days :( +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! + +There has been a huge amount of FUD this weekend, attempting to encourage apes to ease off the buy pressure for Splividend week. You will not miss out on the splividend, regardless of what day you buy, between Monday and Thursday inclusive. + +On Friday, our beloved stonk is expected to be trading at a new price to reflect the additional shares distributed on Thursday night. + +Any shares bought tomorrow (Monday), the splividend will be distributed directly to you. You’ll be the very first owner of those shiny new shares! + +Any shares bought on Tuesday, Wednesday and Thursday, the splividend will still be distributed to you, but not directly. The seller of those shares will have to pass on their splividend to you (they receive it directly, as Monday is the record date when the “snapshot” is taken). This is all taken care of by your broker in the background, you don’t have to do anything. + +**Now the juicy bit… any naked shorts sold into the market Tuesday - Thursday, won’t receive a splividend but will still have to pass it on to buyers of their naked shorts**. + +**I believe this is why there’s a huge attempt to discourage buying this week, they’re gonna be at their most vulnerable.** + +The only way they can provide these splividends is by either buying shares, or cooking up a fresh batch of synthetics. Either way, they need as little buy pressure as possible this week. While cautiously optimistic, expect severe fuckery. They’ll be more desperate than ever for you to sell. + +So it’s hugely important not to ease up on buy pressure, and even more important to DRS all new buys and splividends as soon as DRS pathways reopen. + +The only thing affecting apes this week is the DRS gates through brokers are temporarily closed. But once they reopen, let the flood of purple circles recommence. 🚀🚀 + +Edit: Now that this post is gaining some traction, I'd like to add a big fuck you to Ken Griffin. I hope you burn in hell 🔥 +Hello everyone, does anyone have any good recommendations for modern value investing books with strategies and things to look out for and analyze that are written simply in layman terms? (I'm looking for something written more recently, from about 2008 onwards so not classics such as Intelligent Investor from 1949). + +Thanks +Biden proposes $1.9T stimulus package which includes: + +* $400 billion for provisions to fight the coronavirus with more vaccines and testing +* $1 trillion+ in direct relief to families through stimulus payments and increased unemployment insurance benefits +* $440 billion for aid to communities and businesses, including $350 billion in emergency funding to state, local and tribal governments + +This is in addition to already $4T of stimulus approved by Congress. + +source: [https://www.washingtonpost.com/us-policy/2021/01/14/biden-stimulus-covid-relief/](https://www.washingtonpost.com/us-policy/2021/01/14/biden-stimulus-covid-relief/) +**EDIT: My maths is slightly off, I added a random $2 somewhere, probably a typo, and carried the error on. I also didn't subtract my initial $1000 from the total sale to calculate actual capital gains, but this was kind of on purpose to demonstrate the concept without getting too bogged down with heaps of numbers. Someone with keen eyes and a wrinklier brain than mine pointed this out to me but the overall concept and lesson still stands. This is most definitely why you should consult with a real accounant not a random internet guy** + +As promised, a follow-up to my comment on the daily thread which I did while I was in the shower with my dick out. So here's a basic guide to tax and how CGT will affect you. This is aimed at noobs, I feel like most people in this Sub will know this and will have neat tips to add, but I'm seeing the same comment about "Ï'm not gonna sell or I'll lose 50%" and I feel the need to clarify, as your friendly (maybe, maybe not) government rep. + +First of all, **Marginal tax rates**. In Australia we pay income tax in various brackets, and our income is taxed depending on which bracket we fall under. + +Here are the marginal tax brackets from the current financial year: + +0 – $18,200 (Nil tax) + +$18,201 – $45,000 (19 cents for each $1 over $18,200) + +$45,001 – $120,000 ($5,092 plus 32.5 cents for each $1 over $45,000) + +$120,001 – $180,000 ($29,467 plus 37 cents for each $1 over $120,000) + +$180,001 and over ($51,667 plus 45 cents for each $1 over $180,000) + +There seems to be a common misconception here, that capital gains are automatically taxed at 50%. This is not true. Though capital gains tax sounds like a separate thing, it's actually just the same as income tax. Think about it this way, a capital gain is an income from your investments. It's like you're a small business owner (whose business is trading stonks) and your return on investing in stocks (or buying/ selling property) is your income, anything you lost because you bought into some speccy miner at ATH counts as Capital loss. + +The difference is, and this is probably why people think CGT is so scary, at your work, your income tax is subtracted before you get it in your account so you don't even worry about it and if they take too much, they refund it. Capital gains are not taxed before hitting your bank and as such you need to treat it as though you're a small business owner and at tax time you'll need to keep money aside to pay tax on the income you made. + +Let's take a real world example. Billy buys VUL at $0.045 because he saw someone pumping it on a Reddit sub. Billy buys $1000 (22 222 shares) worth of VUL (because he's a coward) and forgets about it. Suddenly one day he sees the internet blowing up and finds out his worthless VUL stocks are now worth $11 a pop. He sells them because he's a paper handed bitch and pockets a cool $244, 444. + +**Scenario 1:** Billy sold these stocks before 12 months has passed, he also hasn't earned an income this financial year because he's "in between jobs", therefore his only income would be the gains from this investment. An income of $244,444 would put Billy in the highest tax bracket so he would pay $51 667 plus 45cents per dollar over $180 000. so 0.45 x $64 444 = $28 999.8. Total Tax would be $80 666.80. so he would take home $163 777.2 or 67% of his total earnings. + +**Scenario 2:** Billy has held VUL for over 12 months before selling at $11 which would mean that he only gets taxed on 50% of his total capital gain, or $122, 222. This would put Billy in the second highest tax bracket so he would pay $29,467 plus 37 cents for each dollar over $120 000. This means a total tax owed of ($2222 x 0.37) + $29 467 = $30,289.14 giving Billy a total profit of $214 154.86 or 88% of his profits. + +**Scenario 3:** Billy actually has a job at KFC flipping tendies, and makes 30k per year. so in this scenario, he would need to add his capital gain onto his 30k per year which would mean he would need to pay tax on $274 444 using the same method as above. In this scenario remember that the 30k is already taxed before coming to Billy, so he would just pay the difference. The same applies for any income. Capital gains is added to your total income and taxed at the appropriate rate. + +There are a whole lot of other tricks and tips to this. For example if you self manage your super fund, you get a 33% discount on CGT after holding a year. If you sell after retirement while managing your own super you get further discounts. This is all stuff to ask your accountant, and if you take anything away from this, it's GET AN ACCOUNTANT. Best $150 you'll spend this year. + +So take away, please do the maths and figure out how much tax you'll owe. Don't spend all your money before tax time and then suck dicks to pay the ATO. + +Keen to hear anything else I've missed, or anything I could have explained better. +As the population grows while construction of housing supply falls behind, is the cost of housing and rent going to go up forever? + + Will a 1 bedroom apartment eventually cost $3000 a month? Will wages stay stagnant and, eventually, it becomes a new norm to see five people sharing a small apartment in order to avoid spending 90% of their income on rent? Will a large portion of the population become homeless? The only ones who can exist comfortably are those who inherit their parent’s house. + +Will the prices keep rising until the end of time? How will society as a whole be affected? +***8/9 3:10pm US EASTERN TIME UPDATE:*** + +* KEEP CALLING SENATORS AND HOUSE REPS- SOME POSITIVE MOMENTUM, BUT NOT AT ALL ENOUGH- HAVE TO KEEP PUSHING +* PLEASE GO READ & SPREAD JAKE CHERVINSKY'S TWEET LINKED BELOW: + * [https://twitter.com/jchervinsky/status/1424796004696612864?s=20](https://twitter.com/jchervinsky/status/1424796004696612864?s=20) +* PLEASE GO READ & SPREAD FOOBAR'S TWEET LINKED BELOW AS WELL: + * [https://twitter.com/0xfoobar/status/1424757534053654534?s=21](https://twitter.com/0xfoobar/status/1424757534053654534?s=21) + +&#x200B; + +&#x200B; + +***8/7 2:20pm US EASTERN TIME UPDATE:*** + +* **THE INFRASTRUCTURE BILL PASSED (BUT STILL MUST PASS IN THE HOUSE OF REPS!)** + * It passed w/ slightly positive (but not nearly good enough) changes Per Jake Chervinsky (tweet linked below): + * "Senator Warner has changed his amendment to protect consensus mechanisms beyond PoW. ***A small positive step, but not nearly good enough.***" (emphasis mine) + * PLEASE READ JAKE'S [8/7 TWEET THREAD (@jchervinsky) HERE](https://twitter.com/jchervinsky/status/1424042155400736782?s=20) FOR MORE DETAILS +* **AS NOTED INITIALLY IN THIS POST BELOW: THIS FIGHT IS ABSOLUTELY NOT OVER:** + * I'll continue to update at the top of this post as long as it's ranking high enough in the sub to be a useful awareness generation tool + * If you find any important updates you'd like me to add, please DM me and I can get them added as well + +&#x200B; + +**= = = = = = = = = = = = = = =** + +**= = = = = = = = = = = = = = =** + +&#x200B; + +\*\*\*NOTE: ALL POST CONTENT BELOW IS AS OF THE NIGHT OF FRIDAY 8/6\*\*\* + +***TO BE*** ***CRYSTAL CLEAR:*** ***Before you proceed to sauces (read: legit sources) below line break, PLEASE NOTE:*** + +* *"EVEN IF BILL PASSES RELEVANT CRYPTO PROVISION WON'T TAKE EFFECT UNTIL 2023" IS ABSOLUTELY* ***NOT*** *AN EXCUSE FOR APES TO RELAX AND SKIP CALLING/EMAILING YOUR SENATORS BEFORE THEY VOTE SAT 8/7!!!!* +* *I 1000% AGREE WITH FOOBAR'S* [TWEET (@0xfoobar) HERE](https://twitter.com/0xfoobar/status/1423756116693975043?s=20) + * *1: ALL APES SHOULD CALL THEIR STATE SENATORS BEFORE THEY VOTE* + * *2: TELL THEM TO VOTE* ***NO*** *ON THE* [***PORTMAN***](https://twitter.com/robportman)***-***[***WARNER***](https://twitter.com/MarkWarner) ***PROVISION*** *(LINKED THEIR TWITTER ACCOUNTS IN CASE HELPFUL ;)* + * *3: TELL THEM TO VOTE* ***YES*** *ON THE* ***WYDEN-LUMMIS-TOOMEY PROVISION*** + * *4: PER JAKE CHERVINSKY'S* [TWEET (@jchervinsky) HERE:](https://twitter.com/jchervinsky/status/1423654008632266757) ***IF YOU'RE WILLING & ABLE, PLEASE USE*** [***THE LINKED NUMBER & SCRIPT HERE TO CALL YOUR SPECIFIC SENATORS***](https://www.fightforthefuture.org/actions/stop-the-senate-from-sneaking-through-total-surveillance-of-the-crypto-economy/) + * *MY POINT IN POSTING THIS, IS TO PREEMPT ANY POTENTIAL FUD (IF THE BILL PASSES AS-IS WITH THE HORRENDOUS* [PORTMAN](https://twitter.com/robportman)*-*[WARNER](https://twitter.com/MarkWarner) *CRYPTO/NFT PROVISION) BY GETTING AHEAD AND INFORMING APES THAT (IN THAT EVENT) THIS FIGHT WOULD BE FAR FROM OVER!* + +**= = = = = = = = = = = = = = =** + +**WITHOUT FURTHER ADO, START BELOW (AND MAKE SURE TO READ THE REDDIT/TWITTER THREADS & CORRESPONDING COMMENTS):** + +* ***KEY SAUCE:*** [***https://twitter.com/jchervinsky/status/1423654012444975105?s=21***](https://twitter.com/jchervinsky/status/1423654014458241026) + +https://preview.redd.it/m719zunf1tf71.png?width=1124&format=png&auto=webp&s=487ab4ff7adaaa6c1e1a7a98993f752f69aaa032 + +* *ALSO:* *- I would read that entire thread as ALL the info is outstanding and explains the entire process (Jake Chervinski is a beast!)* *- Here's the link again:* [*https://twitter.com/jchervinsky/status/1423653963191230471?s=21*](https://twitter.com/jchervinsky/status/1423653963191230471?s=21) +* Here's the Reddit comment thread that led to this post: + * [https://www.reddit.com/r/Superstonk/comments/ozbolt/vote\_is\_tomorrow\_dont\_sleep\_on\_their\_fuckery/h7yrl0i?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/ozbolt/vote_is_tomorrow_dont_sleep_on_their_fuckery/h7yrl0i?utm_source=share&utm_medium=web2x&context=3) + +ALL of the above said, just remember, we absolutely want to defeat the Portman-Warner crypto provision, but no matter how they vote tomorrow, THIS IS NOT OVER!!! 🚀🚀🚀🚀 +My partner (23[F]) has been asked by her mom to co-sign on her mortgage (30 years, $300k) so that she can refinance for lower rates than what she is currently paying. + +We are doing quite well income-wise (although not savings yet, as we are young), so aren't worried about the amount outstanding, even if it does look unlikely that her mom will be able to work for another 30 years. We've emphasized that it is very important that she come to us if she has any difficulty making payments, rather than missing or being late - as we don't want to impact our credit score. + +I've read elsewhere that it is apparently very difficult to be on two mortgages for different homes after the 2008 crash - would co-signing on this mortgage make it much more difficult to get a mortgage for our own home later on down the line? We could alternatively just give her mom the difference between her current rate and the new one, but of course co-signing would be easier. + +e: One additional factor I forgot to mention is most likely we would be trying to get a non-conforming mortgage in the future. +Heading away with the family and was looking at a really nice house near the beach. Was just about to book and saw the cleaning fee, airbnb fee etc... I thought "if I was the landlord I'd be passing all those fees onto the tenant, maybe I should see if I can go direct to landlord to save some $$" + +And so I did just that and saved $1200 in 3 easy steps! + +* Copy the properties name into google +* Finding it listed on a random real estate website +* booking via that platform instead. +Taking a moment to recap my journey over the past year or so. + +**Property 1:** + +Bought a 4-family in Jan 2020 for $240K + +Spent $160K renovating it as leases expired. + +Inherited tenants at $3,600 and current rent-roll is $5,400 after improvements. + +Ultimately appraised for $589K and refinanced the full 75% out ($442K), netting me about $20K at closing after fees. + +Trying to refinance this property was a 6-month long process. What a humbling experience that was. + +**Property 2:** + +3-family in the town over from Property 1. + +Purchased in September 20 for $215K. + +The Previous owner delivered the property with one renovated vacant unit. + +We filled that unit quickly and our current rent-roll here is 3,750 per month. The other two tenants have stayed in place. + +This place needs some work, but we're fixing things as they fall apart with cashflow. We have $40K in reserves to address most of the big ticket items. + +We haven't refinanced this property yet and I don't imagine we will until 1) the major improvements are complete and 2) the two tenants we inherited leave, which ultimately allows us to improve those units and re-rent them at a higher rate. + +**Property 3:** + +A 4-unit mixed-use building. First-floor commercial, and 3 residential units. + +Purchased in March 21 for $315K. + +We inherited this property with a rent-roll of $3,250 and we're now collecting $5,600 per month after some improvements + optimizations. + +We're in the process of refinancing this property with a commercial lender and believe we can achieve a 75% LTV at an appraised value of $600 - $640K. The value will depend on what cap rate they use. + +**Financing:** + +We used a mix of hard money, private money, and our own money to fund all of this. With our own money being the least of the three. + +In most cases, we used hard money to purchase, and private money to fund the down payment and construction. In one instance, we used seller financing to fund the down payment and private money to fund the purchase money loan. + +We used our own money in some instances to fund shortages at the end of the month to ensure we didn't fall below the bank's minimum account balance requirement. All of that has since been recouped. + +**Rehab:** + +No swinging hammers over here. We have some tradesmen we can rely on, but for the most part, we use a general contractor for most of our work. They're expensive but require very little oversight and get the job done quickly. So worth it. + +**Property Management:** + +I built a partnership with my property manager. I gave them 25% equity and pay them 4% on gross collected. In exchange, they do everything. To be honest, I've seen the 4-family property once and I have yet to see the other 2 properties with my own eyes. I just don't care to. + +Some of my peers have called me crazy for doing this, but I find this structure aligns interests and keeps my PM thinking like owners. The 4% barely keeps the lights on, but the 25% equity on what we've built is a good chunk of change. On our 4-family alone, it's almost $50K of equity if we ever decide to sell. + +My PM has \~50 units under management and they also brought me all 3 of these off-market deals and waived their "finder's fee / wholesale fee" on each. + +**Learnings:** + +First, this is fun. I've done all types of real estate investing in the past, from wholesaling to private money lending and large multifamily syndications. + +There's nothing like seeing your own BRRRR go full cycle. Owning an asset with no money out of pocket is the ultimate unlock. + +Delayed Gratification is a mother. It will take a while to build enough cash flow to quit my FT job, but the wealth being generated by equity pay down, depreciation, and appreciation cannot be overlooked. + +**The Horror Stories:** + +\- We've had to replace a $3,000 ejector pump twice because our tenants put weird stuff in their toilets. + +\- We have a tenant who hasn't paid rent since Jan 21 + +\- A rain storm caused a roof leak in a newly renovated unit. Wasn't too bad. + +In the grand scheme of things, these are blips in the radar. Don't get me wrong, they're incredibly frustrating in the moment, but if we hold these assets long enough, none of these expenses really move the needle. Also, we're into all of these properties for no money out of pocket and they all meet their debt-service requirement. + +This is \~1.5M free and clear in the next 25-30 years in exchange for other people's time and effort. It would take $1,000 invested per month compounding at 8% per year to achieve the same result... + +**What Did I Miss?** + +I left out a lot of detail. Not really sure what's of interest to people here. Let me know if you have any questions, and I'll be happy to answer. + +&#x200B; + +\-- EDIT 1 -- + +This post caught some attention. Thank you to everyone that left a comment. Thank you for the support and also thank you to those that are suspicious / critical of my strategy. It made me think twice about my approach and I'm happy to say I'm digging my heels in. I'm proud of what my partners and I have accomplished in such little time. + +Is it the best strategy? Probably not. Is it foolish / too generous? Probably. + +But it's all good. Because I'm not optimizing for money. I'm optimizing for time. 25% Equity is a small price to pay to get closer to the ultimate goal of true wealth, which (to me) means time freedom. + +In one of my replies below, I did the math on the equity we've built. + +I've generated $400K of equity for myself and $130K of equity for my partners. Hard to be mad about that. Especially when most of my time was spent thinking rather than doing. +Thinking of the importer/exporter tension I hear the EU has. Does the US experience something similar? And does the fed respond differently to their european couterparts? +Printing a bunch of new money the past couple of years is what caused this huge increase in inflation, right? How exactly does raising interest rates combat all this new printing of money? +Thinking of the importer/exporter tension I hear the EU has. Does the US experience something similar? And does the fed respond differently to their european couterparts? +We all know that many of these Crypto exchanges can't be trusted - especially Bitfinex with the whole Tether debacle - but due to it's fast trading engine I carried on using it. What I didn't expect was for a number of flash crashes to wipe out my entire trading account in just an hour. + + +Yesterday 29 Nov 2017 NEO/USD flash crashed from $40 to $3.7 and then back up, this liquidated my margin long position making a massive dent in my capital. At the same time OMG/USD flash crashed from $8.6 to $2.7 liquidating my OMG margin long. This wiped out more than a third of my capital and put my final two positions BCH/USD and ETH/USD on the edge of liquidation. + + +Unfortunately both of these were dropping like a rocks too, my BCH position got liquidated straight after and left me just with ETH/USD sitting $15 dollars above liquidation... at least at this point it looked like it was bouncing and the choice was let it run and at least ride some of it back up or to close and accept the enormous loss. I chose to watch but un under an hour ETH turned lower and dropped down to to liquidate me. + + +So just like that, in 1 Hour I went from $104k worth of ETH to $12.5k on Bitfinex. + + +This level of manipulation is disgusting. Bitfinex can see what everyones positions are and it looks like they are actively trading against it's users, this should never have happened. $3.7 did not reflect market price on NEO, on BitTrex the price only dropped to $31.2 + + +My advice is never to trade on margin and if you do be very quick in and out but know that you cannot trust these exchanges. + + +I need to pick myself up now and deal with the fact that this happened, which will not be easy. I was due to be paying for a new year holiday to Thailand with my my family next week... we won't be going now. + + +If anything like this happened to anyone else on Bitfinex let me know. If this is widespread we need to take action. +In 2010 legendary investor and founder of the Baupost Group Seth Klarman described in his annual letter 20 lessons from the financial crisis which were either never learned or else immediately forgotten by most market participants. With him at the helm the Baupost Group has averaged around 18% and that since 1982 - a spectacular return. Some of these lessons are even more relevant today. I took the most important ones and updated it for the current market. + +&#x200B; + +>Things that have never happened before are bound to occur with some regularity. You must always be prepared for the unexpected, including sudden, sharp downward swings in markets and the economy. Whatever adverse scenario you can contemplate, reality can be far worse. + +Nassim Taleb calls these “Black Swans”: an event that comes as a surprise, has a major effect, and is often inappropriately rationalized after the fact with the benefit of[ ](https://en.wikipedia.org/wiki/Hindsight)hindsight. Examples would be the Internet, the personal Computer, World War I, the dissolution of the Soviet Union, 9/11 and of course the Coronavirus. + +These all changed countries or continents for decades. With shutdown still in place in several countries in the world the economy’s output is much lower than it was at the end of 2019 - yet we reached an all time high in the stock market. New Mutations are evolving and there might be a sharp downturn in the future or there might not. History taught us that market crashes are much more common than we think. So it is important to be diversified in different asset classes, industries and countries to be protected against those changes. + +&#x200B; + +>When excesses such as lax lending standards become widespread and persist for some time, people are lulled into a false sense of security, creating an even more dangerous situation. In some cases, excesses migrate beyond regional or national borders, raising the ante for investors and governments. These excesses will eventually end, triggering a crisis at least in proportion to the degree of the excesses. Correlations between asset classes may be surprisingly high when leverage rapidly unwinds. + +With interest rates in Europe being partly negative and extremely low in the US, people are lulled into borrowing to get onto the Party of rising stocks, and that on margin. Margin on Portfolio reached an all time high in December of 2020 and the number of retail traders thanks to Robin Hood exploded even with the recent controversy. In addition - central banks in Europe and the US are printing money like there is no tomorrow. These money policies have driven stocks to a new high. And the excess of government debt mirrored that progression. Action always have consequences - but however harsh they may be one thing is certain: If the current price is higher, the returns won’t be as great in the future. + +&#x200B; + +>Nowhere does it say that investors should strive to make every last dollar of potential profit; consideration of risk must never take a backseat to return. Conservative positioning entering a crisis is crucial: it enables one to maintain long-term oriented, clear thinking, and to focus on new opportunities while others are distracted or even forced to sell. Portfolio hedges must be in place before a crisis hits. One cannot reliably or affordably increase or replace hedges that are rolling off during a financial crisis. + +We all chase profits, that is just how it is. However conservative positioning and a long-term oriented perspective is crucial. Most people in 2000 thought they would buy the dip when their favourite stocks started to decline, however the decline didn’t stop. The Nasdaq posted a loss of 77%, which would take 15 years to regain the dotcom bubble. During the financial crisis many couldn’t sell their stock because there were no buyers - even retail investors that thought they could get out couldn’t. + +During it Janus Funds were similar to ARK today. Investing in modern technology companies and industry they were one of the top cutting edge technologies. Janus were lauded as great money managers but the end of the bubble resulted in brutal loses. Cathie Wood is one of the smartest investors today, but one has to keep in mind the inherent risk that comes with her investment strategy. + +Similarly we saw extreme loses in GME. Chasing after returns purely on performance will not result in great results. + +&#x200B; + +>Risk is not inherent in an investment; it is always relative to the price paid. Uncertainty is not the same as risk. Indeed, when great uncertainty – such as in the fall of 2008 – drives securities prices to especially low levels, they often become less risky investments. + +This is the quintessential art of investing. Your returns will entirely depend on what price you paid. Microsoft was a great company, but buying it during the dotcom bubble would leave you 15 years with no returns and several other well known companies like Cisco or Intel never reached their dot-com peak. Your returns are entirely dependent on the price you pay and so is the risk factor. + +&#x200B; + +>Do not trust financial market risk models. Reality is always too complex to be accurately modeled. Attention to risk must be a 24/7/365 obsession, with people – not computers – assessing and reassessing the risk environment in real time. Despite the predilection of some analysts to model the financial markets using sophisticated mathematics, the markets are governed by behavioral science, not physical science. + +Because of this behavior we see certain securities being extremely highly valued like Zoom at the moment and certain sectors being very depressed like oil until recently. Yet oil is seen as extremely risky, even though the projected use of oil will increase in the next 10 years. That means that you can find bargains all the time. Those bargains are declared risky - while the overvalued stocks are declared safe. Microsoft after the dotcom bubble only recovered in 2016. 15 years of no gains at all - yet now Microsoft is treated like a company that will be a great stock forever. It is a great company, but the same was thought about companies like Polaroid or Kodak - we saw how it turned out. + +&#x200B; + +>Do not accept principal risk while investing short-term cash: the greedy effort to earn a few extra basis points of yield inevitably leads to the incurrence of greater risk, which increases the likelihood of losses and severe illiquidity at precisely the moment when cash is needed to cover expenses, to meet commitments, or to make compelling long-term investments. + +This can be highly dangerous and I see it all the time here on reddit. Someone wants to use the money in 3-5 years to buy a house, yet instead of proposing a portfolio that is safe and diversified in several asset classes, most propose a stock only portfolio and sometimes even sector or ARK ETFs. Research has shown that a stock only portfolio will beat pretty much every other asset allocation - that is over the long term. Due to the ups and downs of the market it doesn’t guarantee returns in 3-5 years or even worse can lead to loses. From 1929-1954,1973-1982 and from 2000-2013 the S&P 500 has shown long stretches of no absolute return. Investing before a correction that you cannot foresee would result in either big loses or in the inability to purchase that house - often both. So be conservative when you need the money. + +&#x200B; + +>The latest trade of a security creates a dangerous illusion that its market price approximates its true value. This mirage is especially dangerous during periods of market exuberance. The concept of "private market value" as an anchor to the proper valuation of a business can also be greatly skewed during ebullient times and should always be considered with a healthy degree of skepticism. + +This is especially true today. Many stocks are currently at outrageous prices. I don’t talk about the FANGMAN stocks - these have great growth and while still being historically overvalued not outrageously so. Several EV/Green/Biotech/Weed/Technology stocks are seen as the next big Google without decent cash flows and while competing in the same space. + +This is especially true for unprofitable companies at the moment. According to Joel Greenblatt: If you bought every company that lost money in 2019 that had a market cap over $1 billion, and so they’re about 261 companies, you’ll be up 85 percent so far until today. Something like that won’t be sustainable.Looking at the fundamentals behind the business often makes it clear how unreasonable some of these numbers are - and what returns should be expected of them (often negative) + +&#x200B; + +>You must buy on the way down. There is far more volume on the way down than on the way back up, and far less competition among buyers. It is almost always better to be too early than too late, but you must be prepared for price markdowns on what you buy. + +We saw that during the financial crisis and also again in 2020. Those that bought on the way down were generously rewarded. You never know when the bottom will hit especially since everyone will run around in panic like a beheaded henn. Researching the fundamentals of a company one can score great businesses for cheap. However they might go down a bit in the short term due to market panic. + +&#x200B; + +>Financial innovation can be highly dangerous, though almost no one will tell you this. New financial products are typically created for sunny days and are almost never stress-tested for stormy weather. Securitization is an area that almost perfectly fits this description; markets for securitized assets such as subprime mortgages completely collapsed in 2008 and have not fully recovered. Ironically, the government is eager to restore the securitization markets back to their pre-collapse stature. + +As SPACs and Bitcoin dominate the current market this warning is very important. SPACs and the companies behind them haven’t had the greatest return over the long term. With the explosion of SPACs going public, chances are high that those financial products can be very dangerous. Add the risk that SPAC managers often get big compensation packages and try to hide information to increase the price (DOJ Investigation from Clover), these investments should be taken with the utmost caution. Not only that but they also compete in the same space. + +The same applies to bitcoin. While I believe that cryptocurrencies will have a bright future, they have yet to be tested during prolonged market downturn where the market was negative not just a few week but several months or even years. No one know what the price will be then and some investors might wake up to a bad surprise. It is important to know these risks. + +&#x200B; + +>Ratings agencies are highly conflicted, unimaginative dupes. They are blissfully unaware of adverse selection and moral hazard. Investors should never trust them. + +That what makes short seller research so important. While there are a lot of crocks in the financial market (both on the long and the short side), these people often find what the rating agencies or investment banks ignore. If you invest into a company and there is a short report don’t dismiss it - often they include information that was previously overlooked. + +&#x200B; + +>Be sure that you are well compensated for illiquidity – especially illiquidity without control – because it can create particularly high opportunity costs. + +The OTC market absolutely exploded in 2020. Many of these are highly illiquid. Be prepared for the risk. + +&#x200B; + +>Beware leverage in all its forms. Borrowers – individual, corporate, or government – should always match fund their liabilities against the duration of their assets. Borrowers must always remember that capital markets can be extremely fickle, and that it is never safe to assume a maturing loan can be rolled over. Even if you are unleveraged, the leverage employed by others can drive dramatic price and valuation swings; sudden unavailability of leverage in the economy may trigger an economic downturn. + +Everyone takes debt at the moment. It is so cheap that many companies use debt to do buybacks or otherwise increase their price. Other people trade on margin and governments don't seem to care about debt. That can be highly dangerous. No one can control interests rates over the long run and bankruptcy is the most surefire way to delete any investment returns. Peter Lynch said: “If you have no debt it is very hard to go bankrupt”. While businesses with little or no debt might not rise to the same degree, they will reduce the chance of a wipeout significantly. + +&#x200B; + +>When a government official says a problem has been "contained," pay no attention. + +&#x200B; + +>The government – the ultimate short-term-oriented player – cannot withstand much pain in the economy or the financial markets. Bailouts and rescues are likely to occur, though not with sufficient predictability for investors to comfortably take advantage. The government will take enormous risks in such interventions, especially if the expenses can be conveniently deferred to the future. Some of the price-tag is in the form of back- stops and guarantees, whose cost is almost impossible to determine. + +We saw that in March the Fed stepped in and bailed out the market. A decrease in interest rates and intense money printing. However the question is: How long can it continue and what will happen to those expenses in the future? All action has consequences and we saw that some of them can end quite bad. + +Seth Klarman also added some false lessons, that are relevant without commentary. + +**False Lessons** + +1. There are no long-term lessons – ever. +2. Bad things happen, but really bad things do not. Do buy the dips, especially the lowest quality securities when they come under pressure, because declines will quickly be +3. There is no amount of bad news that the markets cannot see past. +4. If you’ve just stared into the abyss, quickly forget it: the lessons of history can only hold you back. +5. Excess capacity in people, machines, or property will be quickly absorbed. +6. Markets need not be in sync with one another. Simultaneously, the bond market can be priced for sustained tough times, the equity market for a strong recovery, and gold for high inflation. Such an apparent disconnect is indefinitely sustainable. +7. In a crisis, stocks of financial companies are great investments, because the tide is bound to turn. Massive losses on bad loans and soured investments are irrelevant to value; improving trends and future prospects are what matter, regardless of whether profits will have to be used to cover loan losses and equity shortfalls for years to come. +8. The government can reasonably rely on debt ratings when it forms programs to lend money to buyers of otherwise unattractive debt instruments. +9. The government can indefinitely control both short-term and long-term interest rates. +10. The government can always rescue the markets or interfere with contract law whenever it deems convenient with little or no apparent cost. (Investors believe this now and, worse still, the government believes it as well. We are probably doomed to a lasting legacy of government tampering with financial markets and the economy, which is likely to create the mother of all moral hazards. The government is blissfully unaware of the wisdom of Friedrich Hayek: “The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design.”) + +&#x200B; + +Hope you enjoyed my little writeup. Feel free to post any questions! +This is short followup to [https://www.reddit.com/r/fatFIRE/comments/sffuyr/sold\_startup\_depressed/](https://www.reddit.com/r/fatFIRE/comments/sffuyr/sold_startup_depressed/), however with different username as I forgot the password. + +First as foremost, thank you for many insightful replies. + +I really tried, but I couldn't convince myself that money itself was a drive to me. It became one output of my "life style", but it didn't make me more happy. From my exit shortly described in the original post, I eventually decided to use about 10% to buy a better home for my family. 90% I gave to my bank's private banking departmanet to manage. I get a monthly payout about 50% higher than my previous salary. My wife would rather stay working for the social life, but at reduced hours. + +We still haven't told anyone, neither family nor friends about the exit. Some believe we are heavily in debt due to our new home purchase, but I say we manage fine. + +After much reflection I realized that I really missed the startup culture, being right there in the middle of everything and everyone. Even though I consider myself deeply introvert, I loved the "hunt" of building the core products while finding clients, while finding employees, while dealing with everyday incidents, while working long-term, while... + +So I started a new company. We have a great core product with a great market fit and I believe we will be very successful. Our first client is my previous company. People have reached out and want to invest at insane valuations, but I want to grow it organically. Currently at 10 employees with positive cash flow. + +For the moment life is really good. I love waking up, I love doing my thing at the company and I can see myself continuing on this path for many years now. But I won't make the mistake of staying too long this time. I have several other ideas I want to test. + +Again, thank you for the many insightful comments on previous post. Not really sure where I was going with this post really, but felt I wanted to get closure of some sort. + +Take care and happy FIREing. +If interest rates are dropped into the red, we will then have to start paying banks to hold our money. Won’t this cause a panic where everyone tries to cash out at the same time, thereby causing banks to run out of money? Or am I missing something here? +I will be starting my masters degree in economics and am looking to further my knowledge of economics as well as delve into how papers are written and research is done. Since I will be writing essays, papers and such I'd like to learn from these. + +So, what would you recommend as must-read papers? +This is the official $GME Megathread for r/Superstonk. 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Starting asking yourself why. What's the relation between GameStop and other "meme" stocks ? How uncorrelated business have their stocks swing up/down closely ? + +We'll cover the 3 main arguments from MSM: + +1. Gamestop is sinking +2. Gamestop has no plan +3. Gamestop short squeeze has already happened + +&#x200B; + +If you want to understand these issues and much more, please visit [https://www.reddit.com/r/Superstonk/](https://www.reddit.com/r/Superstonk/) and we'll glad answer all your questions! There is a lot of good information at [https://gmedd.com/](https://gmedd.com/) if you want to read more. + +&#x200B; + +&#x200B; + +To get started and understand the GameStop saga: + +**Gamestop - A Long Story Short** + +An overview of what is happening with GME + +[https://www.youtube.com/watch?v=JGWN1-I8Kac&feature=emb\_imp\_woyt](https://www.youtube.com/watch?v=JGWN1-I8Kac&feature=emb_imp_woyt) + +**The problem of stock Market** + +Jon Stewart explaing the shady business model of wall street. + +[https://www.youtube.com/watch?v=bP74RBTE8kI](https://www.youtube.com/watch?v=bP74RBTE8kI) (if you don't have time go to 6:50) + +If you can, watch: Gaming Wall Street [https://www.youtube.com/watch?v=ViEKPjkjEWI](https://www.youtube.com/watch?v=ViEKPjkjEWI) + +&#x200B; + +&#x200B; + +**Here the main points of what MSM says and what a research of thousands people tell us! Critical thinking people, we don't want to trust blindly, do your own research!** + +&#x200B; + +&#x200B; + +*MSM: Gamestop sinking, loses CEO and c-suits:* + +[https://www.reuters.com/business/gamestop-ceo-george-sherman-resign-2021-04-19/](https://www.reuters.com/business/gamestop-ceo-george-sherman-resign-2021-04-19/) + +**Reality:** Executives weren't able to manage well Gamestop.Sherman has experience in brick and mortar business. + +With Ryan Cohen: + +1. Gamestop paid all its long term debts in advance ([https://news.gamestop.com/news-releases/news-release-details/gamestop-announces-voluntary-early-redemption-senior-notes-0](https://news.gamestop.com/news-releases/news-release-details/gamestop-announces-voluntary-early-redemption-senior-notes-0)) +2. Build new team from big tech companies ([https://i.redd.it/gd9evwxthht71.jpg](https://i.redd.it/gd9evwxthht71.jpg)). Hired dozens of people with experience in blockchain gamin, ecommerce and technology, product refurbishment and operations. +3. Raised almost 2 billions in capital(ended 2021 with \~1.3 billions) ([https://news.gamestop.com/news-releases/news-release-details/gamestop-reports-fourth-quarter-and-fiscal-year-2021-results](https://news.gamestop.com/news-releases/news-release-details/gamestop-reports-fourth-quarter-and-fiscal-year-2021-results)) +4. Expanded fulfilmment network ([https://news.gamestop.com/news-releases/news-release-details/gamestop-continues-expansion-fulfillment-network-new-facility](https://news.gamestop.com/news-releases/news-release-details/gamestop-continues-expansion-fulfillment-network-new-facility)) +5. Gamestop is leading the race to NFT market (1) with partnership with ImmutableX (2) and Loopring (3)using L2 which reduces transactions costs (L2 explained: (4)) + 1. Gamestop marketplace - [https://beta.nft.gamestop.com/](https://beta.nft.gamestop.com/) + 2. [https://news.gamestop.com/news-releases/news-release-details/gamestop-forms-partnership-immutable-x](https://news.gamestop.com/news-releases/news-release-details/gamestop-forms-partnership-immutable-x) + 3. [https://medium.loopring.io/gamestop-nft-marketplace-powered-by-loopring-l2-6cdb9289d937](https://medium.loopring.io/gamestop-nft-marketplace-powered-by-loopring-l2-6cdb9289d937) + 4. [https://www.youtube.com/watch?v=d7ulxd3R97E](https://www.youtube.com/watch?v=d7ulxd3R97E) +6. Expanded products catalog and partnership with PC gaming companies: Lenovo, Corsair, Alienware +7. Fast and free shipping in orders over #35 +8. and much more! + +&#x200B; + +&#x200B; + +*MSM: Gamestop has no plan:* [*https://www.youtube.com/watch?v=6Doa6PsSOM4*](https://www.youtube.com/watch?v=6Doa6PsSOM4) + +**Reality:** Ryan Cohen is well known to not show his cards to the competition for nothing. He works and delivers what needs to be delivered and he showed and proved with Chewy. + +As we could see above, Gamestop is evolving to be a technology company, improving its presence online, improving their brick and mortar stores to not only sell products but sell experience. + +On top of that, Gamestop is working hard in the NFT marketplace ([beta.nft.gamestop.com](https://beta.nft.gamestop.com/)). + +**One thing is sure, they DO HAVE A PLAN. They won't tell to their competitors what they are doing but things are moving AND FAST!** + +&#x200B; + +&#x200B; + +*MSM: The short squeeze already happened.* + +Reality: Accordingly to SEC report, the January runnup was due to the retail. ([https://www.reddit.com/r/Superstonk/comments/qb423e/unpacking\_the\_secs\_gamestop\_report\_and\_how\_it/](https://www.reddit.com/r/Superstonk/comments/qb423e/unpacking_the_secs_gamestop_report_and_how_it/)) + +1. SEC Official report: [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) +2. SEC short interest >100% [https://www.reddit.com/r/Superstonk/comments/qavgl5/biggg\_gme\_is\_the\_only\_stock\_that\_staff\_observed/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/qavgl5/biggg_gme_is_the_only_stock_that_staff_observed/?utm_source=share&utm_medium=web2x&context=3) +3. Short interest is self-reported and if mis-reported, they paid only small fine. For hedge funds it's considered costs to make business. +4. Short fees are rising (from <1% to +25%) + +There is no evidence that short were closed. Actually there are plenty of evidence that hedge funds are hiding short positions in ETFs and others mechanisms. There is a lot discussed and if you are interested, read the articles in DDs section. + +&#x200B; + +Conclusion + +So the quick answer for questions in the title is that MSM is misinforming people because hedges funds shorted GameStop and didn't and can't cover. So it's in their best interest that the Gamestop's shares decrease in price to buy them back. + +People are buying share and direct registering them which makes shares harder to borrow. Borrow fees went from <1% to +25%. + +&#x200B; + +EDIT: Added conclusion + +EDIT2: Thank you u/Conscious_Student_37 to point some english errors. + +&#x200B; + +Please I don't need any rewards use your money to buy stocks! I'm not looking for karma (I don't even know why do we need karma, I created this account to be able to participate in March when I bought my shares)... Whatever. + +**I want people be able to find this article when searching on google, that's all!** +So, quick and simple: is clean energy going up after today's announcements or is everything already priced in? + +&#x200B; + +Longer version: + +\[Biden\] took a series of actions on climate change \[...\] kicking off his ambitious agenda to reduce greenhouse gas emissions -- making tackling climate change a priority across the federal government. + +\[...\] executive orders \[include\] rejoining the Paris Agreement on climate, and revoking the permit for the Keystone XL pipeline. + +Wednesday’s executive order will start the process for the U.S. to determine its new, more ambitious goal for how much to reduce carbon emissions alongside Biden’s goal for a net-zero carbon economy by 2050 + +[https://abcnews.go.com/Politics/biden-sign-executive-order-climate-change/story?id=75510742](https://abcnews.go.com/Politics/biden-sign-executive-order-climate-change/story?id=75510742) + +&#x200B; + +ETFs to consider: + +ICLN - United States31.3%, top holdings PLUG 6.20%, MEL 5.40%, ENPH 5.36% + +PBW - United States72.85%, top holdings BLNK 6.50%, FCEL 6.10%, PLUG 3.60% + +TAN - United States35.38%, top holdings ENPH 10.89% + +QCLN - United States70.71%, top holdings TSLA 8.87%, ENPH 7.75% + +LIT - United States22.36% + +DRIV - United States56.45%, top holdings TSLA 4.86%, PLUG 3.83%, QCOM 2.65% + +&#x200B; + +It appears to me that the new administration is attempting to make climate change a priority. We had an idea that it would be important, but seems even more important than I thought. Main point was creation of electric vehicles in the United States. + +EDIT: disclaimer, I own shares of ICLN, PBW, LIT and DRIV +I came into some money recently. I'm 52 years old and have a 401k with around $450,000 in it and will work another 10-13 years. Three kids are out of college and on a full-ride, so no expense there. I am debating whether a Vanguard 2030 (#VTHRX) is a good play with around $120,000 inherited. ETF's? What is the best play? +So I moved to another state forgot to cancel my gym membership, they require me to be in person and talk to the owner to cancel membership. + +Don't remember the fine print of the terms but the membership is on auto payment to my debt card, could I just block payments via my bank? Would this escalate to credit report? +In the movie big short, Steve Carells plays Mark Baum, he is suspecting there is a market bubble, but he still wasn’t 100% certain. The moment where he realised there was a housing bubble was when he was speaking to a stripper about her mortgage and she explained how she wasn’t aware she could go into negative equity, that was bad enough, but then she explained how she had 5 homes. That was the moment the audience realises if an average stripper could own 5 homes, all mortgaged up, then there was a broken system. + +I had a moment like this recently. I am in my 20’s and I have had a feeling we are in a bubble for a while. More and more money is being printed. And since COVID may people actually have disposable cash. When I go on youtube, although I am aware its targeted adverts, all I see is apps for trading stocks and CFD’s. I thought for a while more and more people are investing in the markets. But what are people investing in? The main two from my own research amongst people my age is crypto and ETF’s. + +Now crypto I won’t go into too much detail, but one of my closest friends recently lost a lot of money in Ripple. I asked him why he invested and he said he thought it would make a lot of money. Essentially a quick profit. No fundamental analysis or long term reasoning for this. This was my first red flag. + +I then went for dinner with some of my closest friends. We used to live together and non of them at the time had any interest in stocks and shares. However one of them brought up the topic of investing. To my shock they were ALL investing in ETF’s. I asked why, they said financial advisors told them it was the best place to put their money. This was my second red flag and made me realise this isn’t right. + +An ETF is a selection of companies, most of my friends were investing in either all world or US ETF’s. The problem is just lookout the top 5 companies in America. They have ridiculous valuations. Look at Tesla. Its a 1 billion dollar company who’s profits don’t in anyway reflect it. Same with most big tech companies. Now you can see this earnings potential and its looking forward. But even with that you’re looking at decades of hitting earnings to justify the prices. To add fuel to the fire, people are buying ETF’s not even aware of what it is they are buying. When buying an ETF, the individual share price goes up to reflect this. But that price is now disconnected to the profits of the company. + +If everything I have said up to now is correct, and please if I am wrong let me know, then we are in a bubble. + +So what should you do? Well that’s your decision. But I know what I am doing. Looking into companies with proven business plans, high growth potential without stupid market caps and diversification. The UK is a great place to start. Invest in a little bit of crypto, little bit of precious metals, probably 15% cash and the rest in profitable and sensibly valued companies. + +Keynesian economics has worked for a long time, but we are now printing more and more money delaying the inevitable. This cash isn’t being used to generate growth by new companies and profitable companies being rewarded, but instead by already grossly overinflated big corporations being inflated more. +People like to feel valued, appreciated, and recognised when they put effort into something. When people post on here and it is evident they have put a fair bit of work into it, they will be more likely to do it again if people reply to what they have posted with their thoughts, or an acknowledgment of something they have learned from reading the post. If a post gets very few comments, and not many upvotes, the author may start to think "this content isn't wanted here" or "what I wrote wasn't any good" or "no one has bothered to read this" or "that effort was wasted". Eventually the author will stop posting that content. Other posters will see that these posts get little engagement and be discouraged from posting that type of thing. + +An example of this u/Phlanoe's recent post [Blow-offs and Selling Climaxes](https://www.reddit.com/r/ASX_Bets/comments/o6tezz/blowoffs_and_selling_climaxes/?utm_medium=usertext&utm_source=reddit&utm_name=ASX_Bets&utm_content=t1_h2zfr3q) This would have taken well over an hour to compile all of this information, and to add in images, memes etc. It has 8 comments, and only 27 upvotes. [This shitpost](https://old.reddit.com/r/ASX_Bets/comments/o7b8p8/buy_the_dip_they_said/) would have taken a few minutes yet has 19 comments and 232 upvotes. + +I am posting this because even though this might be so obvious that it seems redundant to some people, many won't have considered this. If you read something and learn something or appreciate the effort someone has put in, please let them know. People who have been generous with their time and energy should be acknowledged. ASX_Bets is an awesome sub. The laughs, camaraderie, and knowledge here means it's a great place to hang out for entertainment, learning, friendship, and support. We need to recognise the hard work put in by those who share their knowledge, as otherwise this aspect of the sub will start to fade out. Upvotes are good, but commenting is even better :) +I do sympathise with US politics when it considers TikTok to be a potential threat to national security which should therefore be regulated. After all, it's known how social media can be used to spread fake news and meddle with elections. + +However, how is TikToks's business modell in the US different from US tech firms' business model in Europe (and, indeed, in the US itself)? + +It is stated that TikTok has the potential to become a threat to national security. However, US social media have already proven that they are a threat by not being able to control the spread of fake news and by meddling with elections, both in Europe (Brexit comes to mind) and in the US itself. For a lot of reasons, social medias' influence in Europe (and basically in the US itself) could be considered negative and threatening. + +Unless there's something that I can't see, I'd say that a double standard is being applied. + +US corporations have US politics in their pockets and they use their influence to push their own agenda which doesn't have the American people's best interest in mind. + +Democracy is dead since the 70's when fiat currencies moved off the gold standard. +Hello Fam, I'm noticing a lot of information and misinformation on yield curve inversion of US Treasury curve so I thought we should all do a quick exercise together to best understand how it all works. + +Basic assumptions/role of a bank: + +1. Member banks of the Fed have the ability to create and destroy money (fractional reserve banking) +2. Member banks mainly fund short term overnight deposits and lend long (maturity transformation) +3. Member banks mainly understand 'credit' and lend to 'risky' ventures (risk transformation) + +Now pretend you're one of our national banking franchise like good 'ole BoA with a $2.4tn balance sheet (review pages 7 and 8 from the link below) + +[http://investor.bankofamerica.com/static-files/ae6b78d9-f265-4c10-8c53-06ff395dd9ae](http://investor.bankofamerica.com/static-files/ae6b78d9-f265-4c10-8c53-06ff395dd9ae) + +BoA has $270bn of shareholder's equity and with that it starts creating assets (loans) and liabilities (deposits) simultaneously in a way to fulfill its role as a member bank (read more about fractional reserve banking: [https://www.bankofengland.co.uk/-/media/boe/files/quarterly-bulletin/2014/money-creation-in-the-modern-economy](https://www.bankofengland.co.uk/-/media/boe/files/quarterly-bulletin/2014/money-creation-in-the-modern-economy)). + +Furthermore, it sets a rate of interest on its 'risky' longer term asset which it believes will be fair relative to all other opportunities available in the market to compensate the bank for the uncertainty of the venture it's loaned money to. + +And it sets a rate of interest in pays on the deposit which it deems to be fair relative to the market opportunity of 'savings' for those who do not want to do the work of understanding 'risk' but still want to participate in some upside. + +Simply said, the bank's expertise is credit + maturity transformation, so it creates assets (issued at a higher interest rate) and liabilities (issued at a lower interest rate) and the margin (NIM) is to compensate it for the effort it goes through to match assets and liabilities. + +Now here comes the FED and the YIELD CURVE. Through the necessity to control this magic of fractional reserve banking/risk/maturity transformation there are rules in place so banks don't go out and willy nilly create assets and liabilities irresponsibly (INFLATION). One way the FED controls its member banks is to control SHORT TERM INTEREST RATES. The FED does this by controlling a magic substance called 'reserves'. 'Reserves' are what the member banks must hold relative to the total size of their assets/liabilities that they create (read Bank of England link above for a better explanation). + +The FED as the creator and destroyer of 'reserves' so in the end the FED can control how much total assets and liabilities are created. The FED does this by buying and selling reserves and also just telling people where it wants the rate so the member banks don't fight it (they can if they want, but the FED always wins because it only has the magical power to create and destroy 'reserves'). + +Now the YIELD CURVE. Generally speaking, you can only create an asset based on our expectation of the future. If you were to start a farm, you have an idea of how much YIELD your farm will grow next year, and if you're really good at farming you can forecast how much potential your farm has in the future. Similarly, well run businesses have a good understanding of how well they'll do in the next 2 years and some projects they'll know the performance for the next 10 or 30 years, and so will their bankers because they'll create liabilities to fund it! This is your YIELD CURVE. + +Now remember the FED controls the short term interest rates, and member banks use this benchmark and lend out longer and riskier. The FED strives to make sure the curve is generally speaking upward sloping so that the normal function of banking happens where bankers can borrow short and lower rates and lend longer and riskier, but not too much! So it strives to increase the short term rate when the banks start creating too many assets/liabilities and lowers it when it can't create enough assets/liabilities. + +When the YIELD CURVE starts to invert, Mr. Market is telling the FED our future expectation of economic YIELD is dropping. We do not think it's possible for us to actually create assets/liabilities that are higher than the short term interest rate that you set! + +This is why the inverted YIELD CURVE is an indicator of possibility of recession. The banks are signaling to the FED that economic headwinds will not allow us to create assets/liabilities at the higher interest rates we expected. The FED's short term interest rates now are TOO DAMN HIGH. The FED is always slow to move and the recession is almost always soon to follow. Remember, the FED isn't trying to be an asshole. They're not keeping short term interest rates TOO DAMN HIGH for fun. Something happened SUDDENLY in the last 2-3 months that made banks think our current paradigm of thinking is wrong. + +HOW SOON will we recess? That totally depends on which asset/liabilities are driving the decrease of longer term interest rates relative to short term. Also remember, it's a set of assets/liabilities which recess, sometimes they're interlinked with the whole economy, sometimes they're not. Which asset/liability mixture is to blame? That's far too complex to explain here and what people get a paid a lot of "money" to understand. +What are some good sources for understanding specific industries as a whole? Any insight is welcome. + +Which ever industry you know best. I don’t want to effect the results by mentioning an example. + +What does it boil down too, what makes it move, what is it really about, what are the relevant metrics and why? +I try to do this every tax season, and I felt the need to remind people that this resource exists. There are some simple explanations of tax law in the U.S. over at Khan Academy. Here are a couple links: + +* [Introduction to Tax Brackets](https://www.khanacademy.org/economics-finance-domain/core-finance/taxes-topic/taxes/v/basics-of-us-income-tax-rate-schedule) +* [Introduction to Deductions](https://www.khanacademy.org/economics-finance-domain/core-finance/taxes-topic/taxes/v/tax-deductions-introduction) +* [A link to all lessons in the Tax Portal](https://www.khanacademy.org/economics-finance-domain/core-finance/taxes-topic) + +And since retirement accounts tie into deductions: + +* [Link to the Retirement Accounts lessons](https://www.khanacademy.org/economics-finance-domain/core-finance/investment-vehicles-tutorial/ira-401ks/v/traditional-iras) + +As an added bonus: + +* The [personalfinance Wiki on Taxes](https://www.reddit.com/r/personalfinance/wiki/taxes) (may need an update for Tax Year 2016). + +Let me know if there's anything related I should add to this list. Happy filing! +I’ve been debating on what to invest my cash into. + +25 years old +Looking for an aggressive growth ETF +Investing in an taxable account and looking to stay in for at least 20 years. +Want to invest during this time period specifically for building wealth for purchasing more investments in the future. + +I’m wondering if anyone knows all of the fees associated with owning ARK Innovation ETF. + +I understand there is a .75% expense ratio and that it’s taken out of the performance and not a direct payment that needs to be made but does ARKK have any other fees such as short term or long term capital gains taxes on active trading that does have to be paid to the IRS on a taxable account? +**Official announcement here with details:** https://basicattentiontoken.org/dow-jones/ + +>"The two companies also aim to collaborate on and experiment with blockchain-based technology in media and advertising. They plan to test a number of innovative solutions in the news and information space, including delivering content via Brave’s blockchain-based digital advertising and services platform." + +Dow Jones will use BAT's blockchain-based digital advertising platform (Basic Attention Token). + +Free subscription to Market Watch and Barron's (Wall Street) for Brave users too. + +Dow Jones owns the Dow Jones Industrial Average, Wall Street Journal, MW, Barron's, a bunch of other major Wall Street names. + +Basic Attention Token (BAT) is from the inventor of the Javascript programming language, and founder of Mozilla and Firefox. + +___________ + +**Featured just now in AdWeek:** http://www.adweek.com/digital/dow-jones-media-group-is-experimenting-with-a-blockchain-platform-that-wants-to-wipe-out-the-ad-tech-industry/ + +**Edit:** Just came out on CNET: https://www.cnet.com/news/ad-blocking-brave-browser-gets-big-partner-publisher-dow-jones/ "Ad blocking Brave browser gets big partner: publisher Dow Jones" + +Edit #2 (/u/cryptojennie): **REUTERS:** https://www.reuters.com/article/brief-dow-jones-media-group-partners-wit/brief-dow-jones-media-group-partners-with-brave-software-idUSFWN1RV0VH + +**PR Newsire:** https://www.prnewswire.com/news-releases/dow-jones-media-group-partners-with-brave-software-to-offer-premium-content-to-users-and-test-blockchain-based-payment-technology-300631972.html + +Edit #3: Just hit MarketWatch itself which has huge readership in finance/Wall Street: https://www.marketwatch.com/story/dow-jones-media-group-partners-with-brave-software-to-offer-premium-content-to-users-and-test-blockchain-based-payment-technology-2018-04-18 + +EDIT: WOW! First of all, this has been overwhelming. Thank you! Secondly, I told myself I wouldn't read the comments, so if you do have any questions, please feel free to message me privately and I'll do my best to get to you. Lastly, I wrote this to encourage and empower at least one person to follow your dream to trade for a living, or just to make some extra income, or just to be inspired and I'm glad I was able to do that. I'll keep the posts coming! + +TLDR: Blew two $3,000 accounts by being too confident the first time and doing too much the second time. I then honed in on a strategy to become a full-time trader. + +I have now been trading for years now, and along the way, I blew my account two times. I would like to share my story of each time I blew it up, and why I kept persisting. + +Before I ever got involved with trading, I was a chef at a small family-owned restaurant for 6 years, and before that, I was a server for 4 years. As a chef, I thought I was living the life, making $60,000, compared to making $45,000 as a server. Each year, I would get a $1-$3 raise and thought this was the life for me. Money never really motivated me. Meeting people every day, cooking for them, and watching my patrons enjoy the food I made for them was my passion. I truly did enjoy what I did, and what I made was enough to get me by. However, for those who worked restaurant jobs, you know it’s an incredibly demanding job, mentally and physically. I can do this now, but will I be able to or even want to do this for 30 more years? The answer was no. + +I moved cross country to look for a new opportunity, still in the restaurant business, and found a job in a big restaurant chain, that offered a great career path, benefits, and a starting pay, with bonus, of $90,000. I took this job, not because of the increase in salary, but the promise of becoming a regional director that governs up to 60 different locations. Taking myself out of the day-to-day physical location was very important to me. + +I was doing really well. I was sent to 5 different locations called “opportunity stores” to turn those stores around. I proved I can do that by promoting many managers, giving great numbers, and having a good rapport with upper management and people at corporate. However, my promotion was stalled due to unforeseen events. My hours were cut, my bonuses became nonexistent, and my goal to get out of a physical store has now been delayed. The hours would come back, my bonuses would come back, but those reasons were not the reason why I was sullen during this time. It was the idea that my “freedom” of getting out of a physical store, was now getting pushed back. + +Until this moment, I thought I belonged in the restaurant industry because I loved the camaraderie I had with my associates and being of service to my guests. Now, a third component was put into the mix, and I was not going to settle for ⅔ of it. I needed the camaraderie with people, be of service to people, and be free. I realized I didn’t need to be in the food industry to gain all three. + +It was around this time, that I started dabbling in stocks. I started to invest in the blue chips stocks and was a positional, long-term trader. Actually, I wouldn’t even consider myself a trader, because I was going into them thinking I would cash them out when I was 50 years old. I was scared of trading because I was suspicious of it. I was scared because I had/have a problem with gambling. (Will discuss more of this in a separate post.) So the safest thing I could do was pick the biggest names, and hold them for years, and retire when I was old. However, I soon realized that I was still in the same conundrum. I would have to work a long time and I did not know when I would finally get that promotion. Camaraderie, service, and freedom. + +One day, out of the blue, my friend messaged me that he was a day trader for about 6 months, and found little success until he signed up for Tim Sykes. I saw some of his videos on Youtube and thought it was a scam. However, when I talked with my friend to learn more about it, I saw how he started making $1,000, $2,000, $6,000 trades in a day! I took a week off of work to just follow his trades to see if it will work for me. I turned my $3,000 account into $10,000 in 6 trading days! It was too easy, it shouldn’t have been this easy to make the money, right? It turns out, we were both lucky and in a great market. Soon, the breakouts we were looking for would end abruptly. Instead of gap ups, it will be a 15% gap down. Also, slowly but surely, my gambling habits and mentality started to creep back in. I jumped into the deep end too quickly, was too confident, and that *easy* $10,000 became $300 in less than 4 trading days. + +I’d be lying if my attitude was, “oh well, I tried and failed, and only *technically* lost $3,000.” It sucked. Also, I did not just lose $3,000. I lost $10,000. I was not playing with *house money*. It was mine that I earned. However much it sucked, I did not feel defeated. I knew I jumped in without any clue of trading and I was just following trades that my friend was doing. I also knew that I did not want to stare at the sticks all day. It was exhausting and stressful. I actually thought I could do this by being humble, admitting I need to learn from the ground up and try again. I still didn’t feel I could do this as my main job because it did not meet my three “career requirements.” Yet. + +I became a mad man devouring any materials I could get my hands on. I learned everything there were on technical analysis, learned a few fundamentals, paid for multiple private discords, discussion groups, spent money on courses, read a bunch of books, listened to podcasts, and everything in between. I spent more money on these than I had invested into my trading account. After learning all that I could, I decided it was time to put in money again and start trading. I put another $3,000 and was ready to get huge returns. + +Sadly, although thankfully, the market had different plans for me. I learned *too much*. I did not have a system. I was implementing 10 different strategies, with 10 different indicators, and still haven’t mastered the psychology of trading. I was doing too much. With that many strategies, that many indicators, every ticker looked good. I would win some, but take my winnings too early, and lose some, and take them out too late. Ultimately, I was a 45/55 trader, taking bigger losses and smaller winners, and I blew my 2nd account in less than a month. This Bruce Lee quote is everything: “I fear not the man who has practiced 10,000 kicks once, but I fear the man who had practiced one kick 10,000 times.” + +I said “thankfully” before because, without that second $3,000 lesson, I wouldn’t be a full-time trader now. I narrowed my studies to just 1 style of trading. It’s from the great Mark Minervini. I bought and read “Trade Like a Market Wizard” and “Think and Trade Like a Champion” over and over again. I followed his VCP trading system and followed his screeners. I looked for the contractions, consolidations, volumes, and then breakouts. I studied books and traders that he looked up to and admired. I listened to all of the podcasts he was featured in multiple times. I studied over countless hours on charts and dedicated hours and hours of my time looking for past huge runners. See, history really repeats itself in the markets because humans don’t change. + +I now have 2-3 different setups I trade, but ultimately, I am looking for one thing. A consolidation and then a breakout that will go on for huge gains. + +As for the three requirements for a career, I was looking for? I get the camaraderie from my friends who I trade with every day. (Two of my other friends are full-time traders as well, at 33 years old, although they trade futures and use different strategies. My other friends are active in the markets, but still have their full-time jobs) I serve others by getting the freedom I desired. I am helping my friends see that this is possible with hard work and dedication. I so badly want my friends to join me on this road to freedom. I serve by donating money to missions in Paraguay, where I spent two years of my life. I will also serve those who have read all the way down here by sharing what I’ve learned. My successes and failures are a big part of who I am and why I continue to be in the market. It humbles me and teaches me something new every day. So follow along as I start posting here on Reddit, not so much about my picks, but my journey to become the best trader, and hopefully, I can assist at least one person along the way. + +Thank you for reading! +&#x200B; + +https://preview.redd.it/vqvn0aosp4o61.png?width=490&format=png&auto=webp&s=92ecafb2f844d637ec190479505ccbb28b08a040 + +This post will be made up of a few parts: + +* Overview +* Chart +* The product +* Ratios/Financials +* Management & Internal ownership +* The clients +* Stickiness/churn +* Competition +* Upcoming price catalyst +* Conclusion + +Pull out the choccy milk and double dose your ADHD medication! This is a long one. + +**Overview** + +EOL is a *consistently profitable* Aussie SaaS company with a market cap of 167m and YoY increases in both EBITDA and EBITDA margins, as well as a decreasing churn rate. It has just gone international and has seen massive earnings growth with a huge market share still to be captured. There are more price catalysts coming. The stock is not hyped on reddit (zero mentions before this post) and twitter/HC chat is minimal. The company's offering includes the trading of energy derivatives and the scheduling of physical energy (including electricity, gas, liquid commodities and environmental and carbon trading). EOL has offices in Australia, UK and France, with 200+ customer installations in 19 countries, including many with blue-chip international utility and infrastructure companies. + +This company has exciting upcoming price catalysts and international ambitions. For context, EOL has market share approaching 50% in Australia (basically a duopoly here, which is a great position to be in), 15% in the UK and less than 5% in Europe. In late 2019 they acquired an EU entity (eZ-nergy) HQ'd in Paris and before that in late 2018 acquired a UK based ETRM company. They are considering a US entry in the next 3 or so years if the circumstances are right, and they're eying another European acquisition soon. Have the acquisitions done well? Well... read on and find out. But European revenue is now more than 50% of the company's global revenue, after just 2 years. Interested? You should be. + +&#x200B; + +**Chart** + +As of posting, EOL last closed at $6.61. I'm no TA expert, but I've included the chart because its good a good shape and the MA is doing what solid long term stocks should do: + +[EOL may try to find new levels of support at around 6.10 so be mindful of a potential pullback from today's levels if considering an entry. ](https://preview.redd.it/bapafou2o4o61.png?width=1619&format=png&auto=webp&s=2068524855788ca6af5be447ea63310359d64d53) + +&#x200B; + +**The product** + +Its not the most sexy of SaaS companies, probably why its not 'in play' since it doesnt offer BNPL or EV edge. Instead, EOL provides Energy Trading and Risk Management (ETRM) software which is 'mission critical' to its clients, who supply countries with energy (an essential service). What on earth is ETRM you're probably asking - don't worry, I had no idea either. Theres a section below which details what this is in a bit more detail but essentially it means contract management for recording physical trades for power on energy markets, assisting power stations selling their power on energy markets, providing buyers of power with valuations and data, assisting strategic players with carbon trading management and helping clients ensure an efficient allocation of energy, infrastructure and logistics through optimisation. Why is this important? + +1. Energy is a critical asset; +2. The software is heavily integrated with its customers, and has a very low churn rate; +3. Renewables are set to shake up the energy market by making fluctuations in demand and supply (and therefore fluctuations in price). EOL's product helps clients navigate those changes and stay ontop of bidding, energy valuations and hedging. +4. Carbon trading is massive in Europe, where EOL has just expanded to in the last year or two. Australia *nearly* got an emissions trading scheme under both Rudd and Turnbull. There is consensus among centre right and left that an ETS is the way to go to deal with reduction of carbon. (Basically you need to buy carbon credits if you emit, and you can sell carbon credits if you reduce carbon in the atmosphere, by 'putting a price on carbon'). EOL's product helps all suppliers and consumers of energy trade carbon credits. +5. Moat wise, Commodity Trading and Risk Management (CTRM) systems dominate the strategic landscape because CTRM’s do everything from Cocoa beans to Copper. Electricity however is a unique commodity that is difficult to store and needs to be transported and consumed immediately. ETRMs are better for this, and EOL specialises in ETRMs. When you get to competitors below you'll see that this is not a crowded market. + +Honestly you can probably skip down to the financials if you don't care about the product in any more depth, but if you do want to know a bit more about the software - the company's product has three main offerings. + +* Bidding services - which allow a power station to bid it’s electricity (quantity, price, time and place) into a National Electricity Market. Takes into account potential constraints in the transmission system allowing optimum dispatch for companies with multiple generators. ***ELI5***\*:\* bidding in spot market, valuations of power purchase agreements, carbon trading management - help clients with the prices of energy when buying or selling it. +* ETRM services: contract management for recording physical trades (PPA’s) and financial derivatives (Swaps, Options, Caps etc). Records the trade allocating it to a hedge book / portfolio. As market prices change hedge books are revalued. Forward books can be five years of more. Provides risk analytics such as GMaR, VaR, CaR, Monte Carlo etc. Electricity, gas, carbon, diesel, coal and Fx are all covered. ***ELI5***: contract management, reducing supply during adverse price movements against the client, hedging using derivates to protect the client against those moves, and tools to monitor energy market and execute derivatives. +* Business automation services: Many systems and contracts in energy markets can be complex. EOL's tools automate complex but mundane tasks increasing accuracy and efficiency. ***ELI5***: EOL's software can be used to help transport gas from one point through several different pipelines for a more efficient logistics exercise, for example. Efficient allocation of energy, infrastructure and logistics saves the client money and time. + +&#x200B; + +**Ratios and financials** + +This company is a fucking compounding machine. Forget dilution issues taking chunks out of your EPS like some speccy halloysite miner. Check this out: + +EPS + +|FY16|FY17|FY18|FY19|FY20|LTM| +|:-|:-|:-|:-|:-|:-| +|0.03|0.02|0.05|0.06|0.07|0.14| + +&#x200B; + +EBITDA (earnings before income tax, depreciation and amortisation) + +|FY16|FY17|FY18|FY19|FY20|LTM| +|:-|:-|:-|:-|:-|:-| +|0.91|1.02|1.88|2.84|3.21|4.79| + +&#x200B; + +R&D: + +|FY16|FY17|FY18|FY19|FY20|LTM| +|:-|:-|:-|:-|:-|:-| +|1.08|1.15|1.34|1.63|1.89|2.86| + +&#x200B; + +The company has virtually no debt (1.1% D/E ratio) + +Not that we really care as young primates, but the company's dividend yield has reduced from 1.5% to 0.5% since the company's second EU acquisition in late 2019 through COVID and up to today. This isn't a bad thing really, they're reinvesting earnings in the business and growing their international market share - this is good for long term SP growth as opposed to income from dividends, so it suits a long-term growth investor which is probably how most of us would categorise ourselves. + +&#x200B; + +**Management / Internal ownership** + +CEO has 3.24% (5.4m) of the company + +CFO has 1.24% (2.1m) of the company + +CEO of European ops has 0.78% ($302k) + +Ian Ferrier has 26.77% (this guy is on the board of Goodman Group, Reckon Ltd and Briscoe Wong Ferrier and has been on the board of EOL for 14 years - nearly as long as Goodman Group, a profitable REIT focussed on distribution centres globally). He previously founded Ferrier Hodgson, a corporate recovery firm that was bought by KPMG recently. I work in the corporate recovery space and Ferriers was highly respected and a good business. + +Vaughan Busby has 15.88%. This guy worked for Ian as a director at Ferrier Hodgson and has since held a number of board spots on Energy companies around Australia. Hes currently on the board of EOL and the board of Energy Queensland. Hes also a principal at Rearden Capital - a Sydney based fund manager specialising in originating and managing senior secured infrastructure debt on behalf of wholesale investors. + +Ian and Vaughan are from the corporate recovery world and are highly qualified accountants who have strong skills in turning around unhealthy companies - they made their money doing this for decades. The fact that they are so heavily invested in this company speaks volumes about its financial health and prospects. An insolvency practitioner would not invest in a company with a risk of losing their investment. + +We saw big insider buying in May - June last year, during COVID. Good to see confidence in the business even when major markets took a hit. Be mindful also the company grew EBITDA even through COVID so not a hard decision to buy more as the shares dipped (to as low as $2.20). Just wish I knew about this stock then. We've seen some offloading from Ian and Vaughan in the last 3-6mths but they still hold very significant portions of this company (the % above). + +&#x200B; + +**The clients** + +Clients of EOL are mainly utilities companies – such as power stations and vertically integrated retailers. Infrastructure providers – such as gas pipelines, electricity transmission. Here's flowchart of how these clients fit together. + +[Basically all of the navy blue tiles on the left plus the grey tile. Orange and aqua tiles are the services they provide.](https://preview.redd.it/nr5sm5w0k4o61.png?width=874&format=png&auto=webp&s=0c32744cc24dafc9544ca490902cbb35c4b87c93) + +&#x200B; + +https://preview.redd.it/p47lq22ik4o61.png?width=831&format=png&auto=webp&s=26bb1136342e85e017ca455a6343a4471ccc751a + +Examples customers are- + +⦁ AGL + +⦁ Energy Australia + +⦁ Jemena + +⦁ Alinta + +⦁ South East Australia Sea Gas + +⦁ Invenergy + +⦁ Ergon + +⦁ Centrica + +⦁ E-on + +⦁ Intergen + +⦁ SSE + +⦁ Engie + +⦁ DB Netze + +&#x200B; + +**Stickiness and churn** + +Churn is a key metrics for SaaS companies. Churn is the rate of lost clients after having them sign up. Stickiness just means how integral the software is to a company's operations. Slack is not a sticky product since it can be replaced with any instant messaging app. Microsoft office or Xero on the other hand are very sticky because their integrations with the business run deep. A stickier SaaS product is better because clients lament thinking about swapping it out and are more likely to cop higher prices for the service and hang around for longer. + +EOL's churn is 2.5%, down half from last year. Average life-time value (LTV) (ELI5: net profit per customer) has been growing each year. Large blue-chip customers consider ETRM software mission critical so installing new enterprise style ETRM software involves large, sophisticated projects. + +Contract lengths: 1-5 year initial term, then annual renewals - nice and long contracts so in addition to the software being sticky, the contract terms are locked in for long durations. + +Cross selling wide, Energy One looks to sell more than one product from their range to customers. Currently average 1.2 products per customer with 4 products the highest. + +&#x200B; + +**Competitors:** + +None are listed on exchanges anywhere - only private equity. ETRM vendors tend to be specialist suppliers, the majority of which are owned by private equity so this company is a unique trading opportunity for retail investors. + +https://preview.redd.it/6mnak0gjk4o61.png?width=856&format=png&auto=webp&s=a09913e4434e5a1087c19ad6907dbb6ba733406a + +**Upcoming price catalysts** + +* recently moved into Europe, only have 5% of market share there but have already receieved massive revenue boosts. +* European revenue growth was up 83% over pcp. Want to leverage eZ-nergy product. European revenue is now more than 50% of the company's global revenue after just 2 years. +* NPAT for the first half of FY2021 is already more than all of FY20 demonstrating a large upswing in fundamentals. +* EBITDA margin increased by 30% pcp - this is why we love SaaS companies +* Company guidance for EBITDA for FY21 is up to $8m from $5m actual last year +* Company presentations state that "Scope exists for another complementary European acquisition" +* US expansion "being considered in the next 2-3 years should the right opportunity arise" + +&#x200B; + +**Conclusion**: + +EOL is a solid profitable SaaS business with a low <150m market cap that specialises in ETRMs - the most efficient way to trade energy. Energy markets are only going to get more complex with volatile prices as supply becomes more intermittent as renewables are phased in, along with carbon credits. The busines has a very low churn which is shrinking YoY and high stickiness, strong client base (startups all the way through to blue chips), a pattern of successful acquisitions and an untapped market share in Europe and the United States. I'm bullish on this company from a FA perspective. + +Congratulations on getting to the end. Here is your reward you dope fiend: + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + I used to avoid crypto play to earn games because I'd been scammed a few times with most of them, but after reading through Redditt threads some skilled game/crypto devs come up with something that works and seeing how people are bullish on P2E projects and seem to succeed and get through them, I'm getting my hopes up and considering giving it another shot. What play-to-earn game is legit and worth your time and energy? +&#x200B; + +[Not your keys, not your coins?](https://preview.redd.it/szmd2opo6xa81.png?width=491&format=png&auto=webp&s=336e9660afb7504745f73f992c54e3c6f292fdb7) +ECONOMISTS OF REDDIT! I CALL UPON YOU! + +i'm studying very hard to become an economist, but university is different to the real world and we are not really taught what you guys do. I am so curious, tell me about your job! what do you do on a day to day basis? what kind of economist are you? what did you think after starting your first grad job? what was your path to being an economist or working in the field of economics? +The power and understanding of econ fascinates me, i just don't want to be bitterly disappointing when i finish! +**EDIT: May 20** \- [So good, Tim Fries at the Tokenist shamelessly lifted this DD](https://tokenist.com/recent-occ-regulatory-moves-indicate-gme-amc-short-sellers-may-go-bust/) 🤣 + +&#x200B; + +I emphasize "***might***". See below and judge for yourself. + +**TL;DR:** + +1. On Monday, May 17th, [OCC posted an **increase** to their Clearing Fund of **$588,378,155**](https://infomemo.theocc.com/infomemos?number=48718). This information was found by u/aSphericalCow. In case it isn't clear, OCC is saying that all members must contribute proportionally to add $588m to the common Clearing Fund by Wednesday, May 19 (**tomorrow**). +2. Some [Options Clearing Corp (OCC) members](https://www.theocc.com/Company-Information/Member-Directory) (Citadel, Virtu, *and* **Robinhood** ^(If you are not out yet, you better get out ASAP) are members...) are likely at risk of default based on recent stress testing that resulted in the sudden increase to the Clearing Fund +3. When they fail, OCC seizes the failing members' holdings as collateral to get a loan to keep everything from collapsing +4. Then OCC needs to sell those holdings at auction to pay that loan back +5. To get the best return at auction and minimize their own exposure (paying out of their own funds), OCC needs more bidders +6. To get more bidders, they relaxed the qualification requirements for existing members and non-members in SR-OCC-2021-004 filed on March 31, 2021 and [entered into the Federal Register on April 6](https://www.federalregister.gov/documents/2021/04/06/2021-06989/self-regulatory-organizations-the-options-clearing-corporation-notice-of-filing-of-proposed-rule) (thanks u/StatisticianActive48) with a 45 day review period that ends on **Friday, May 21**. +7. This rule change is set to go into effect **this week** and sets a path for a more controlled wind-down of a defaulting member and decreases volatility in the wake of a collapse and therefore, SR-OCC-2021-004 could be seen as a prerequisite by many parties such as the OCC and SEC and even Berkshire and BlackRock. + +\---- + +[*This was originally posted last week*](https://www.reddit.com/r/GME/comments/napco9/srocc2021004_finalizes_this_week_is_this_the/) *as I believed we were on the verge of moving out of stasis. I want to thank* ***all*** *of the folks that reached out regarding my ban and the mods for reversing the ban. I mostly lurk so I took the ban in stride. I also want to thank and credit all of the folks who reached out with corrections and additional information that made this DD better!* + +\---- + +[SR-OCC-2021-004](https://www.sec.gov/rules/sro/occ/2021/34-91445.pdf) ("OCC-004") was filed on **March 31, 2021** and entered into the Federal Register on **April 6, 2021:** + +[Filing date for SR-OCC-2021-004 in the Federal Register](https://preview.redd.it/msfmn9jcmvz61.png?width=982&format=png&auto=webp&s=bf334ee67fd8f4501ad2085a072bfbbd1b667147) + +With a date of effectiveness **45 calendar days** after the entry into the Federal Register. + +That would put the date at **May 21, 2021** as pointed out by u/StatisticianActive48. + +One of two things will happen this week: + +1. It will go into effectiveness sometime between now and Friday, May 21. +2. It will be postponed with an objection as we have seen with both SR-OCC-2021-003 and SR-NSCC-2021-002 in which case it will be pushed out to the June/August time frame (thanks u/rockitman12). + +If it does not get delayed, I expect a full collapse of the shorts in the near future. (Remember: it may take days for the margin calls to go into full force). Some of the activity we've seen this week is definitely pointing to a change in the stasis we've been in since March 16th. + +* [The additional FUD with respect to Glacier Capital](https://www.reddit.com/r/Superstonk/comments/nf2q78/glacier_capital_exists_and_its_much_spicer_than/) (courtesy u/MrMadium and u/timmmmmmmyy) +* [The options data aligning on Friday, May 21](https://www.reddit.com/r/Superstonk/comments/nexfv4/its_just_a_pyramid_scheme_part_1_the_missing/) (courtesy u/hell-mitc) +* [The FTD loop that may end T+35 on Monday, May 24](https://www.reddit.com/r/Superstonk/comments/nf22qz/theory_on_the_ftd_loop_missing_link_a_t35_surge/) (courtesy u/Criand) +* [The recent DD with regards to SR-BOX-2021-11](https://www.reddit.com/r/Superstonk/comments/nd8nqt/need_a_wrinkle_brain_immediately_robinhood_and/) (courtesy u/Inevitable-Elk-4162) + +I don't want to plaster dates, but this week seems to be a convergence of many interesting events. + +[On April 5, 2021, I wrote the following](https://www.reddit.com/r/Superstonk/comments/mkvgew/why_are_we_trading_sideways_why_is_the_borrow/): + +[My conclusion on April 5 after pondering why we had been in a \\"sideways\\" trading pattern for two weeks at that time.](https://preview.redd.it/6q6dc6wgmvz61.png?width=696&format=png&auto=webp&s=2b650e8e98e5b6f276e786c8eb09be73f329fd34) + +For those that have not followed my posts in the past, the OCC is the **Options Clearing Corporation** which functions similarly to the DTCC except its for options. My thought is that **OCC-004 is a critical piece of the puzzle** to prepare for the first major margin calls that will initiate the squeeze as it opens up the asset auction qualifications and procedures once an OCC member defaults as a result. + +As a reminder, here are the membership lists for DTCC and OCC: + +* DTC: [https://www.dtcc.com/-/media/Files/Downloads/client-center/DTC/alpha.pdf](https://www.dtcc.com/-/media/Files/Downloads/client-center/DTC/alpha.pdf) +* OCC: [https://www.theocc.com/Company-Information/Member-Directory](https://www.theocc.com/Company-Information/Member-Directory) + +Just a cross section: + +|*Member*|*DTC*|*OCC*| +|:-|:-|:-| +|Apex Clearing|✔|✔| +|Barclays|✔|✔| +|Bank of America|✔|✔| +|Charles Schwab|✔|✔| +|Citadel Clearing|✔|✔| +|Citadel Securities|✔|✔| +|Credit Suisse Securities|✔|✔| +|Deutsche Bank|✔|✔| +|Goldman Sachs|✔|✔| +|Interactive Brokers|✔|✔| +|JP Morgan|✔|✔| +|Merrill Lynch|✔|✔| +|Robinhood Securities|✔|✔| +|TD Ameritrade|✔|✔| +|UBS Securities|✔|✔| +|Vanguard|✔|✔| + +The reason why OCC-004 this is important is **market stability.** Having major market participants fail without a plan would create excess market turmoil (it is already going to be a shitshow). My sense has been that all vested parties have been working on how to structure this squeeze and contain the fallout. u/k2fa91's post yesterday [on a document entered into the Federal Register on April 13](https://www.reddit.com/r/Superstonk/comments/ne39fe/need_more_eyes_on_this_154_page_federal_register/) further hammers this home: + +>***The Commission is adopting § 190.00(c)(3)(ii) to address the division of customer property and member property in proceedings in which the debtor is a clearing organization***. In such a proceeding, customer property consists of member property, which is distributed to pay member claims based on members’ house accounts, an customer property other than member property, which is reserved for payment of claims for the benefit of members’ public customers. + +In other words, what to do with customer accounts when a clearing organization -- **like Citadel or Robinhood** \-- goes into bankruptcy. + +I believe that this is one of the reasons why we have been trading sideways with virtually no volume since March 16th: + +[The two distinct bands we've been trading in since March 16th. The 3.5m share offering is plainly visible in hindsight.](https://preview.redd.it/sab93cu0nvz61.png?width=1634&format=png&auto=webp&s=16e2e1925cdd7785c35d4a60a5c370abfdb12988) + +It is also likely one of the reasons why many big players like [Berkshire](https://markets.businessinsider.com/news/stocks/warren-buffett-berkshire-hathaway-sells-stocks-reduces-buybacks-q1-earnings-2021-5-1030373389) and BlackRock are moving into cash heavy positions. + +When an OCC member -- ***like Citadel*** \-- fails, the member's assets are used as collateral to obtain **immediate liquidity** to keep the markets and OCC functioning. These assets are then auctioned off to recover the funds used to inject that liquidity. The thinking is that the more bidders at auction, the more likely it is that the assets will be sold closer to market value and prevent a market-wide collapse of asset prices (this is kind of already happening these past two weeks...). + +[Key lines on page 7](https://preview.redd.it/43a8pyp8nvz61.png?width=584&format=png&auto=webp&s=a44179d9026335c599e142dae37b8ac10186f038) + +It also minimizes OCC members' exposure to that default if they can recover more cash through the auction process. **Remember, OCC members include: Bank of America, Charles Schwab, Citadel, Credit Suisse, Deutsche Bank, Goldman Sachs, Interactive Brokers, JP Morgan, Robinhood, TD Ameritrade, UBS, Vanguard, and many others** who don't want to pay for the mistakes of a few of their members. + +Additionally, the changes in OCC-004 result in ***non-OCC members*** having an easier path to bidding at auction (remember: firms like Fidelity, Berkshire, and BlackRock are **NOT** OCC members) as part of this process to qualify more bidders. + +[Pages 4 and 5](https://preview.redd.it/yse9eoodnvz61.png?width=604&format=png&auto=webp&s=7f324f98c83d2862a0a6bc2de155b0a1fc242c35) + +My conjecture is that all of DTCC, OCC, and SEC ^(those "postponed" closed-door meetings?) have been buying time to prepare for the fallout of the squeeze so what we see with the price manipulation around GME is not solely due to the action of the shorts, but all of the key market players as a whole to contain this fallout from potentially multiple members of DTCC and OCC failing. [The next closed door meeting? It's scheduled for this Thursday, May 20](https://www.sec.gov/news/closedmeetings/2021/ssamtg052021.htm). + +[The next closed door meeting at the SEC is this Thursday, May 20](https://preview.redd.it/v1crl6k4nvz61.png?width=998&format=png&auto=webp&s=c4ce557a1fd4d1262f525fea1bce626403a191d0) + +Furthermore, user u/aSphericalCow sent me [something really interesting this morning](https://infomemo.theocc.com/infomemos?number=48718): + +[\\"The temporary increase would result in an increase OF $588,378,155 TO the Clearing Fund\\"](https://preview.redd.it/08ghduu0ovz61.png?width=643&format=png&auto=webp&s=8211ee85254d22fde62d9bdc27be32e0d6dbdf84) + +[An ominous note at the end of that document that the Clearing Fund will increase nearly $600m by tomorrow, 9 AM US Central Time.](https://preview.redd.it/cw9isiijrvz61.png?width=876&format=png&auto=webp&s=415caf9fc54e2ce010d00b5898f037541e46556a) + +u/aSphericalCow's finding is a big piece of this puzzle that I was missing last week because I think this shows a sense of urgency on behalf of OCC to get this additional $588m into their Clearing Fund. *If members do not post their share, OCC will take it by force*. The memo also gives us a hint at the outcome of the stress test and I think we can conclude that it wasn't pretty if they are seeking over half a billion dollars. + +That's a sudden increase of more than half a billion dollars *on top of* the existing Clearing Fund and mitigates the delay of SR-OCC-2021-003 which aimed to increase the size of the Clearing Fund contributions and was objected to and delayed by Susquehanna International Group. + +To watch for this regulatory activity, check here: + +* SEC What's New page which is updated daily usually after noon: [https://www.sec.gov/news/whatsnew/wn-today.shtml](https://www.sec.gov/news/whatsnew/wn-today.shtml) +* SEC OCC Rulemaking page: [https://www.sec.gov/rules/sro/occ.htm](https://www.sec.gov/rules/sro/occ.htm) + +Are we guaranteed to launch immediately after OCC-004? **No**. But I think that the likeliness of launch *feels* imminent with the multiple incidents we are observing this week, the market pullback, and the sudden rise in overall volatility. I think it will also depend on how far along they are with their pool of bidders. + +# FAQ + +**Q: Should I get out of Charles Schwab, TD Ameritrade, or E\*Trade?** + +While they are all members of OCC, unless they are exposed to GME/AMC shorts, they are likely going to be fine. The problem with Citadel and Virtu is that their sister trading firms are highly exposed in GME and AMC short positions. Robinhood as well. + +Citadel is additionally exposed through their market maker status and creating naked shorts as part of market making. + +This is also likely one of the reasons why the margin requirements for AMC and GME are now going through the roof on all trading platforms. + +**Q: Will we get paid?** + +The whole point of preparing that liquidity is in anticipation of having to continue to fulfill buy/sell transactions. Without that liquidity, the market seizes up. You will get paid; DTCC and OCC will use those loans to pay obligations and then dip into their own funds. + +I also submit the following quote from SEC chairman Gary Gensler [from one of his lectures at MIT](https://youtu.be/l0vD_FBWk0g?t=4580) (timestamped YouTube link): + +>As we're not sharing the economic well-being broadly in the economy. Middle income America, middle income Europe in particular is not sharing as much. I think that hurts us in two ways. One is that is if we have the downturn, there's not as much uh…all economies these days are led by consumption. There's not as much ability to respond with consumption. And two I think it also tears at our social fabric. + +**Q: How is $588m going to make a difference?** + +The $588m is going into the OCC member Clearing Fund and isn't meant to shore up the defaulting member; it's meant to add to the pool of funds to shore up *the non-defaulting members*. You also have to keep in mind that much like a lease agreement prevents a landlord from arbitrarily increasing your rent, OCC cannot arbitrarily raise capital requirements from its members; it can only do so within the constraints of existing agreements and formulas for calculating capital contributions. This is part of the reason why they are amending their member agreement with respect to capital requirements via SR-OCC-2021-003 "Minimum skin in the game". +I am a current undergraduate student studying mathematics and economics with a minor in statistics. I intend on pursuing a Master's in economics probably 2 years after graduation (so that I have enough time to save for tuition) with the eventual goal of working in monetary economics, either for the private sector or government (Fed). I spoke with a professor at my university who works on PhD candidate admissions for the university's graduate program, and we told me several things that I wanted to get verified by anyone who has been through this path: + +1. With my current GPA (3.4 cumulative, but slightly lower in math classes at a top 20 university in the U.S.), it is nearly impossible to be admitted to any credible Master's program, both in the U.S. and Europe. +2. A Master's in economics is only worth the money at an Ivy League (or similar-caliber) or British university (LSE, Cambridge, etc.). According to him, Master's programs in the U.S. are mostly in it for the money and less the reputation. +3. If I cannot get into such credible institutions for Master's, it is better to pursue a PhD at any school in the U.S, since PhD programs are much more reputable than Masters'. I am apprehensive about taking this route since I am not willing to commit 5-7 years of further schooling and do not want to go into academia. + +I am willing to accept that I do not have the numbers to get into an Ivy League or UK program, but I do not want my only other options to be a worthless Master's or investing several more years in a PhD that I don't feel vested enough for. I realize that working in monetary economics (and at the Fed in any capacity) kind of requires a postgraduate degree after a certain point. As far as the rest of my CV goes, I have significant research experience which I intend to continue after graduation and will have strong programming skills by the time I graduate with my Bachelor's. For anyone who has taken a similar interest, have you found these things to be true? +I invested heavily in my 401k, probably like most of you. Has there been much talk about what will happen when more people are withdrawing from their 401k than putting in? + +Hoping to find some useful info on the topic, thanks! + +Suppose everyone in this world is a rational consumer. There are two e-commerce company Amazon and Flipkart. Amazon starts to offer lower prices across the board. Everyone being a rational consumer, starts buying from Amazon exclusively. This drives Flipkart out of business leading to Amazon's monopoly. So, were the consumers rational? Can people ever be rational consumer? + +Edit: I think I should elaborate what my definition of rational was a bit more. By rational I ment a consumer that only looks at his budget and the price to performance ratio of a product. Other factors like brand value and asthetics do not matter if the performance of the product is satisfactory. +**EDIT: This happened on e-trade, not robinhood. Since apparently a lot of people aren't even bothering to finish reading past the first sentence of this post.** +I've been trading options on RH for a few months now with no issues. Finally moved my account over to etrade this week. + +My account has 4000 shares of RBLX, no other positions. Yesterday I sold covered calls, 20 contracts for $80 6/18 and 20 contracts for $95 6/18, and set a BTC at 50% profit. The 95C was closed successfully. + +Today I woke up with a margin call of $256,546.00. + +[Screenshot 1](https://i.imgur.com/xjMGsC4.png) + +[Screenshot 2](https://i.imgur.com/qneVfF3.png) + +Can someone please explain to me how this is possible?? Not sure how I can be margin called on a covered call, even with margin enabled. + +EDIT: The 80C were also BTC at profit, so the shares are my only position at the moment. It is still showing a margin call for whatever reason, still waiting to hear back. + +**[Update posted here.](https://www.reddit.com/r/thetagang/comments/nc8fwe/update_why_am_i_getting_margin_called_for_250k/)** +Everyone, + +TIME is the enemy of Wall Street. They’re running like a chicken with no head. They have to COVER and pay INTEREST!! + +AS LONG AS YOU HOLD AND DONT SELL, those big dips are NOT REALIZED LOSSES! They’re just psychological losses to make you DOUBT AND SELL! + +Brokers restricting PURCHASE of these stocks is creating an UNFAIR ratio of SUPPLY and due to the restriction of stock it creates a LOW DEMAND! Therefore when there’s a big supply and low demand is when the stock price goes down. However, there is A LOT OF DEMAND and that’s why they’re playing DIRTY and restricted purchase to CREATE A FAKE LOW DEMAND! That’s why there are lawsuits. + +1) HOLD AND BUY THE DIPS + +2) DONT LET WALL STREET BULLY YOU + +3) AS DAY PASSES WALL STREET CONTINUE TO BLEED since they have to cover and pay interest + +4)HOLD AND BUY🚀🚀🚀🚀🚀🌕 + +5)REMOVE YOUR STOP LOSSES❗️❗️❗️❗️❗️ + +6) SET LIMIT AS HIGH AS YIU CAN + +7) DO NOT LOCK IN GAINS because you want to BUY DIPS. With the restriction, this strategy is not plausible + +8) AMC/GME ruled out bankruptcy so your stock won’t be $0 + +9) DOUBLE CHECK any news or analyst or posts as they may try to scare you with fake facts. Do your own DD + +10) think positive of the BIG REWARD. You CANT lose more than your total investment but GAINS ARE LIMITLESS and this is what’s SCARING wallstreet. (Example if you invested 10k, all you would lose would be 10k but could be walking away with 100k, 1 million , 10 million depending on the resilience of all of us to BUY AND HOLD🚀🚀🚀🚀🚀🚀🚀🚀🌕) + +11) Check (barstool el presidente) David Portnoy’s videos where he simplified and explains the illegal shit wallstreet is doing. Gotta love this man +Wanted to share my experience since it was so helpful to read everyone else's advice on this topic. I have around an $11M taxable account with Fidelity that does no trading and just holds S&P ETF's. + +I emailed my advisor and told him I was planning to transfer the assets to an IBKR pro account because I needed a margin loan to buy a house, and just wanted to see if Fidelity might want to offer a competitive rate. A few days later a guy from brokerage called me, asked a few question about the size of the loan and duration. He called me back 2 days later and offered a rate of 1.125% for all tiers that will move as their base rate fluctuates. + +Overall it was pretty simple process. I would have never thought to even try this if it wasn't for all the other posts sharing their experience, so thanks for that! +Source: https://www.nbcnews.com/business/business-news/nike-shares-slip-heels-zion-williamson-sneaker-malfunction-n973971 + +> The freshman center, who plays for the Duke Blue Devils, suffered a mild sprain to his right knee, according to his coach Mike Krzyzewski... +> +> ... Williamson was wearing the Nike PG 2.5 basketball shoe when he was injured, according to ESPN. The line of sneakers are a product of a collaboration between the world's largest sportswear company and six-time NBA All-Star Paul George, who plays for the Oklahoma City Thunder. +All these “I made $368 on my BIG DICK YOLO PLAY praise my nuts and MOONY MOONY HOLDLD” bullshit is fucking ridiculous! + +Having been here since before GameStop in January ( not by much), all of a sudden this sub is all about teamwork and taking down the corporate elite and “please we need help for stock XYZ!!!” or “ignore ABC!! You fools!! It’s all about 123!!!” All from accounts that are made in the last three to four months. + +For fucks sake, this is not a team effort. This is not a bunch of masked individuals here to help you get out of the hole you dug by betting your rent money or your fucking aunt may’s entire pocket book on stocks that rise and fall by the swing of your dick! We are all here to make money and I wish everyone could remember WSB in its prime where you only posted actual shitpost memes from gladiator or some high quality material once in awhile to break up the real and massive loss/gain/yolo porn. That made it a little better when sifting through the scum of posts with ass DD to find that diamond in the rough of someone who posted something NEW or actually added info instead of repeating the same echo chamber of a false hope that “___ is the next BIG SQUEEEEZE” + +How about you gamma squeeze these nuts, shut the fuck up, and read instead of posting more bullshit for the mods to wipe clean like a triple-ply once-over clandestine shit sweep. These mods are heroes for listening to this cringy begging ape shit for months now, so try to make their lives easier and learn something in the process. + +Today was a bloodbath for memes, so welcome to fucking Valhalla you shit for brains monkeys, the keys to get out are on the next play if you managed not to lose it all or have another aunt to short squeeze. + +End rant + +Sorry for probably breaking the rules mods, you guys rock. + +EDIT: first off, thanks for the awards and support blah blah blah I knew you guys were still hanging around like me, wading through the seas of bullshit posts to find my own bullshit post! But I’ve let you down, I forgot the first rule I ever learned here, which I learned before GME, before the “thanks u/CumFlakess”, before the Purple Mattress King, or low battery, etc.. + +POSITIONS OR BAN!!! + +Positions: +1000 shares of SNDL +45 shares of CLOV and $12c 7/16 x4 +100 shares of WISH +350 shares of UWMC and 16c + 14c 7/16 x15 +And a bunch of Wendy’s puts because even I saw that one coming +I have some kind of parasite to check how giant companies looked in their annual reports at the beginning. + +Retrospective of course, the potential of Netflix was insanely visible in their annual report, they had tens of thousands of movies available, subscriptions based payments, biggest DVD rental in US at the time and its revenues been doubling each year along with huge annual increase in their sub count. + +I know it is usually goes against the value investing “rules” such as minimum 10 years since IPO etc, but I also remember that charlie and buffett regret to this day how they missed the potential of giants such as google. They literally implied that they were kinda ignorant towards google and this probably one of their biggest mistakes. + +Automatically disregard companies because they aren’t minimum 10 years around seem kinda weird to me, I mean, value investing should be as viable in a 4 years post ipo company as much as 50 years company. +Hello fellow investing enthusiast, + +I made [a post](https://www.reddit.com/r/eupersonalfinance/comments/cnjhgt/23yo_started_working_full_time_looking_to_start/) on here about a year ago laying out my investment plan at the beginning of my full-time work career. Reading it back myself, I changed quite a lot of it. My investing strategy has changed as well as the amount of money I save/invest each month! + +I am now **24 years old**, still enjoying the luxury of living at home. I do buy my own food though. My girlfriend is still in college so I am kind of waiting for her to buy an apartment together. This means that I can save quite a lot of my income, which I take full advantage of! + +**I make around €2100 net each month**. I also have a company car, smartphone + subscription, laptop, insurance, ... Normally I make a bit extra with a weekend job as a kitchen helper but due to COVID this is not possible at the moment. + +I try to **save at least €1800 each month** in the following categories: + +* **€1000: ETFs** \--> My ETF portfolio consists of: + * 70% IWDA (Developed markets) + * 20% EMIM (Emerging markets) + * 10% IUSN (Small caps) +* **€700: Cash** +* **€100: Bitcoin** (€10 / 3days) + +If you are interested in my current portfolio, you can check out [this spreadsheet](https://docs.google.com/spreadsheets/d/1a4uisLWceLlhkvR5YeJ6hsNa4cAyWns1n6qPuqnd0e0/edit?usp=sharing)! + +Around the time of my previous post my portfolio looked like this (**end of September 2019**): + +* Cash: €11.000 +* ETFs: €500 +* Crypto: €3.300 +* P2P: €60 + +**My Total net worth here equals: €14.860** + +I got into investing due to cryptocurrencies. This is why it was a big part of my portfolio back then. + +**At the time of writing** (a little over a year later) my portfolio looks as follows: + +* Cash: €20.000 +* ETFs/Stocks: €16.450 (invested: €14.200) +* Crypto: €13.000 (invested: €5.300) + +**My Total net worth here equals: €49.450** + +As you can see I ditched P2P Lending along the way. It is my own opinion that cryptocurrencies are too big of a part in my portfolio as well. The fact here is that they are increasing in value faster than I can buy more ETFs or save cash. I know that they are very volatile/risky. I do see more upside to come but every investor has to decide these things for themselves. + +Are there seasoned investors out there who can criticize my portfolio? Are there things I should do differently? + +If any of you would like some more details, don't hesitate to ask! I don't know if this is allowed but I am also keeping up a blog where you can find among other things monthly portfolio updates. You can check out my whole journey [over there](https://www.investingyoungster.com/) as well! +People really downplay how hard it is to struggle financially when you are alone. There are programs that can help those with kids and having a significant other can make things easier since you have someone to talk to and help out. I feel like there is nothing and no one that cares about single people who have no kids. People act like we should have all the money in the world. +I’m happy that so many of you can get out from under your debts. Screenshots are great. Congratulations. + +I just wish there was more discussion of HOW you managed or budgeted or saved, etc. +And these people are meant to give financial advice to others?! +Link to BBC article here: [BBC: ‘I gambled our house away without telling my partner’](https://www.bbc.co.uk/news/stories-55864799) +I am already comfortable with my finances but just got an offer to sell my online business that got me to fatfire from a major US company. I can provide the documents they ask for but I have a hard time to come up with the right valuation. We do about 7 million in revenue and about 2 million in profit. In business since 8 years in a high growth industry. They just want the brand which is a perfect fit for their entry to the market. They have the perfect technology for this. We are the only really attractive brand in that area. From what I understand and online calculators tell me my business is worth about 7 to 9 million USD. I started to talk to M&A advisors and the first agreement asks for a 4% cut of the sales price besides paying a 70000 retainer fee for the next 6 months. Since we already have a potential buyer I think this is a bit steep. They also do not offer tax or legal advice. + +Here are options I consider: + +1. Shop around for other M&A advisors for better offers around 2 to 2.5% of the sales price. + +2. Go at it alone based on the accounting numbers and just state our valuation and what we would be happy with selling for. + +3. Talk to corporate lawyers who specialize in M&A (because I guess we would need those anyway) and do the valuation based on whatever they recommend. We do not have a corporate lawyer we trust or worked with before. + +Its a difficult situation and the potential buyer seem to want to move forward fast. Any recommendations? +Hey guys, throwaway account here. So I just recently found out from my mother that she had been sending over money via wire transfers over the past 5 months to a person who is supposedly a doctor from a foreign country. Long story short, this man messaged my mother via a messenger app randomly and promised that he would send her a "consignment box" which contains about $3-4 million dollars if she pays a delivery fee. The "doctor" told her that she could keep about 50% of the money when she gets it. So apparently my mother has been sending over more than 5 wire transfers totaling more than $100,000 over the past months- I'm assuming that the "doctor" had made excuses about not receiving the funds or some issues going on so that she can keep sending him more money. My mother confessed all this happening recently to my father and I, as she finally recognized it was a scam. I'm not sure if this is categorized as a romance scam or what not, but I read over some of the messages and he was referring her to as "honey". I didn't read the full conversation because I honestly don't want to go that much into it. Our family and I went to the bank that my mother had sent wire transfers out to (she went to many different branches), and the one bank we went to basically told us they couldn't do anything after discussing the matters with their fraud investigations team- the reason being that my mother voluntarily sent over the money herself. They told us our only option left was to take the legal route. We also filed a police report and the main investigator there told us the chances of getting the money back and/or catching the criminal was slim to none but that they would contact us back. + +Do you guys have any advice on what to do? My mother had sent over 6-7 wire transfers at different branches of the bank over the course of 4-5 months. Shouldnt the bank have given us a warning or have some red flags? Can we argue this in court? Is this worth hiring a lawyer for? If anyone has any advice or any direction I can take with this please feel free to help out. Appreciate it thank you Reddit!!! +NOTE \*\*\* these numbers I spit out are not a "ceiling" or "floor" these are numbers that deal specifically with margin calls- + +What this means, is that there WILL be price swings up and down UNTIL investors DIAMOND HAND to AT BARE MINIMUM 1k(read more like 3k+) so that LARGE ACTORS ACTUALLY GET MARGIN CALLED. In reality for this squeeze to occur, if enough investors PAPERHAND on a dip to 1k-500 from anywhere between 1k to probably around 2k...Investors will actively DAMAGE the rocket...And your damage will lead to possibly.. MORE PAPERHANDS..  Thus literally STOPPING the rocket from even taking off + +I hope you see my point, and why it is so important. If enough investors try to "get out their original investment" at sub 2k the moass is heavily damaged. This will take TIME luckily there is very clear indicators as to the status of the rocket and its launch. Sub 2k? If investors sell you are damaging the rocket's liftoff. Price hits 5k? Investors know the rocket has officially taken off and only POSSIBLY Susquehana is alive at this point (due to their long GME position). What do INVESTORS do at 1k? 5k? 10k? THEY DIAMOND HAND AND DO NOT SELL even if it dips. The formula for a MOASS is literally this and only this...DIAMOND HANDING X TIME = MOASS. Investors need to DIAMOND HAND AND HOLD through price dips and any other odd behavior by the ticker. This situation has never occurred before and NO ONE KNOWS what the price action will actually look like. But investors KNOW how to fight EVERY SINGLE ISSUE/ATTACK DURING THE MOASS.With DIAMOND FISTS + +\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\* + +Also this WILL take time. Be Ready to be PATIENT. + +\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\* + +I am not saying the floor or ceiling is 1k or 10k. I am telling investors on my fave forum how a MOASS is stopped and how a MOASS even occurs. GME is the chance of a life time. One shot. You damn well know that bad actors are hoping investors paperhand on Large dips in the price, be it from 1k to 300, or 5k to 800. Also there may be marketwide halts if this debacle drops the NYSE or the market to a large percent. Think 10 to 20 % So smart investors would be paying attention for market wide halts. There will definitely be circuit breaker's on GME itself. +Short history: when I was young and stupid, I co-signed a bunch of student loans for my then fiancé. We split and she refuses to pay. I didn’t pay for a few months, but it started tanking my credit and hers, so I caved. I now pay the minimum payment every month. + +She has never paid a dime. She still lives at home and doesn’t work, so she doesn’t care about her credit. I’ve paid around $12,000 and still owe almost $20,000. + +Question 1: Do I have any grounds to sue her for anything? If I do, does it really matter if she doesn’t have income? + +Question 2: Should I start paying these down more aggressively? The interest rates range from 4.375 to 5.25. I have a mortgage and an IRA, so I’m not sure if I should put more money towards these or her loans. Obviously I’m paying my mortgage, but I could pay it off quicker. + +Thank you! + +Edit: I lived in PA when these loans were signed. +Edit: people keep reading this as “sport betting is a better place to make money” no, I’m saying sports betting is a better place to test your skills, learn, grow, and find a clear mechanism to uncover an edge + +Every week we see another post about a strategy that returns X% with some sharpe ratio but the inevitable “but did you backtest correctly etc” comment pops up, imo people here need to test their analytical skills on sports betting before they try their hand at the market - it’s the same fundamental problem (mis priced financial instrument - in the case of sports betting, a binary option) with a clear testing method without market moving bias - just track your bets and you won’t have a doubt whether you have an edge. Also, you will have to deal with frequent portfolio optimization - don’t jump right to the markets, the giants didn’t either (Thorpe, Shannon, etc) +Hey folks, + +I want to share some basic screener presets to help you find stocks. I use FinViz, but the filters I’ve listed below could be applied to any screener platform/software with a little tweaking and/or interpretation. + +I’ve tried TradingView, ChartMill, TrendSpider, I even demo’d Trade Ideas, but I always come back to FinViz. I love everything about the site. It looks “old” compared to some of the others, but it’s intuitive to *actual* day-to-day use. There are interactive charts available, but no kitschy HTML5 animated nonsense taking up 1/4 of the screen, etc. Just clean data to review each morning. They do not have an app, though. That turns some people off, but I don’t think your mobile device should be doing the heavy lifting anyhow. At least in my old opinion. ;) + +I use the All filter in the Screener to show all available parameters at once — https://i.imgur.com/FGXa576.png + +You may need to change some of these values otherwise you will get the same results over and over. Market cap or share price, for example. Review each line and determine its context. Don’t limit yourself. + +Here are my 5 basic presets that I review regularly — + +--- + +**Daily Stocks in Play** + +Pre market gap up or down 2% + +Pre-market trades of 50,000 or more shares + +Avg daily volume of 500,000 shares + +Avg True Range of at least .50 cents + +Fundamental catalyst such as earnings or event within 24 hours + +No short interest higher than 25% + +---- + +**Buy and Hold Value Plays** + +Mkt cap > 50mm + +EPS growth next 5 years > 10% + +ROE > 15% + +PEG > 1 + +Current Ratio > 1.5 + +Price above SMA20 + +*Beta > 1.5 + +---- + +**Short Squeeze** + +Float Short: Over 15% + +Average Volume: Over 100k + +Price: Over $2 + +Institutional Ownership: Under 50% + +*Filter by news within 24 hours* + +--- + +**Undervalued Dividend Growth** + +Dividend yield stocks greater than 0% + +Market Capitalization of over $10bn + +Input P/E ratio less than 20x + +EPS growth next year of greater than 5% + +Input EPS growth next 5 years of greater than 5% + +PEG < 1 + +Use a payout ratio of less than 50%. + +*Sort by P/E* + +---- + +**Institutional Interest** + +Current Price greater than Price from 1 Week Ago + +Price from 1 Week Ago greater than Price from 2 Weeks Ago + +Price from 2 Week Ago greater than Price from 3 Weeks Ago + +Weekly Volume greater than Weekly Volume from 1 Week Ago + +Weekly Volume from 1 Wk Ago greater than Weekly Volume from 2 Wks Ago + +Weekly Volume from 2 Wks Ago greater than Weekly Volume from 3 Wks Ago + +Price greater than or equal to $5 + +Average 20-day Volume greater than or equal to 100,000 shares + +---------- + +I’ll admit that FinViz is not the best tool for determining institutional interest. You may need to piece a few things together to get the big picture, but you’ll figure it out. + +What are some of your favorite screener presets? Let's get a list going. Be sure to include the context in which you'd use the screener -- daily plays, swing trades, etc. + +Cheers +Is there literally no regards to laws anymore, completely? Is nobody looking into this? Isn't this signaling a lot of red flags? Is this absolute fuckery, at the highest degrees possible happening right now? + +When do you see people religiously buying, DRSing and holding to a stock, while the value of that stock doing the exact opposite of what is supposed to do? It's exactly inverse to the basic law of supply and demand. + +Is literally the life for the average person about being shat on by the wealthy on all angles? +I've got 4611 shares of TSLA and some LEAPS and sold some leap puts as well. Set aside the LEAPS for a second. I have roughly $5 million in shares and then another ~$500k in LEAPS. + +I'm looking at selling the 2000 strike Jan 2023 covered call with a premium of about ~$59 on my entire portfolio. + +So I'd get 46 x $5,900 = $271k. + +My "worst" case scenario is my TSLA shares get called away and I make $9.5m in TSLA shares and another ~$1m+ on my TSLA calls. *(edit: As other commentators have pointed out, the stock could also tank 50%+ or more and I'd be down a few million as well)* + +In the best case scenario, TSLA continues to trade higher but falls short of $2000 by January 2023. + +The last time TSLA split the stock ran up 80%. Yes, the market cap was lower, but TSLA has 4 factories now instead of 2 and is generating substantially more profit as well. Perhaps I'm crazy for thinking it, but I do see a scenario where TSLA goes to $2000+ by January (fed can't tighten or raise rates as much as they have telegraphed for fear of recession). + +I'm about as big of a TSLA bull there is and believe the company will be far larger than $2000 a share over the next 5 - 10 years so I don't want my shares to be called away, but there was a similar situation in early 2021 I could have sold covered calls on TSLA when it was $800 on my entire portfolio with a similar targetted share increase and made ~$400k and I didn't do it. Then three months later TSLA hit lows of $550. That one move would have helped me add a bunch of shares to my stack. + +Basically, I need some non TSLA bulls to share what they think I should do. With the exception of 2020 when TSLA went up 700%, the stock now always seems to run up to a new ATH and then give up some gains and get a dip. + +*Mar 30th Morning Update: I'm still reading all of the replies. Thanks for the diversity of opinions.* +Game Changing Dex Tool, Made By Investors For Investors! + +&#x200B; + +They are building an AI-driven data aggregation platform which monitors BSC and Ethereum network tokens, providing holistic analysis and tracking capabilities for any given token – All within a carefully crafted UI. + +&#x200B; + +Description: + +&#x200B; + +The Sonar Platform is a multi-chain analytical tool, which presents its users with an interface that tracks social network/influencer trends, vets contract code, price charts, creates price action alerts, executes orders, as well as feature other innovative and unique solutions, including the implementation of artificial intelligence for investments. + +&#x200B; + +For example you can use the platform to buy a token the second it is listed on Coin Market Cap or a Binance listing is announced! + +&#x200B; + +The Sonar Platform intends to serve as a crypto analysis one-stop-shop and provides users with all the necessary tools and information need to make smart investment choices and to reduce the likelihood of traders falling for rugpulls and honeypots. + +&#x200B; + +\-CG listed + +\-CMC fast tracked + +\-Techrate audit in progress + +\-25/06 BSC NEWS AMA + +\-26/06 Satoshiclub AMA + +\-01/07 Spotify Podcast + +\-Product first week of July + +✅ Doxxed Core Team + +✅ Real Use Case (Utility Token) + +✅ Clear Roadmap and Whitepaper on Website + +✅ Coingecko listed + +&#x200B; + +Sonar Token ($PING) Distribution: + +&#x200B; + +\-Pre-sale Tokens: 56.2% + +\-Total Supply: 4,000,000,000 + +\-Team Tokens: 4% + +\-Development/Marketing: 4% + +\-Token Burn and Launch Fee: 5.6% + +&#x200B; + +Transaction taxes: + +&#x200B; + +👨‍🔬 2% tax to Sonar Innovation Lab Wallet + +👨‍💻 3% tax to Sonar Marketing and Development Wallet + +💰 3% tax to Liquidity Pool to create a stable price floor + +🤑 2% tax to Redistribution + + + +🌐 Website: [https://www.sonarplatform.io](https://www.sonarplatform.io) + +✉️ Telegram: [https://www.t.me/sonar\_official](https://www.t.me/sonar_official) + + +🎮Discord: [https://www.discord.gg/7kuNHxZeCP](https://www.discord.gg/7kuNHxZeCP) + +🎥Tiktok: [https://www.vt.tiktok.com/ZSJ9oBTDo/](https://www.vt.tiktok.com/ZSJ9oBTDo/) + +👫Facebook: [https://www.facebook.com/Sonar-Token-107371881570425](https://www.facebook.com/Sonar-Token-107371881570425) + +📷Instagram: [https://www.instagram.com/sonar\_token/](https://www.instagram.com/sonar_token/) + +🐦Twitter: [https://www.twitter.com/SonarToken?s=09](https://www.twitter.com/SonarToken?s=09) +correct me if I'm wrong but so many people respond to "what's your thesis?" with its cheap + +and what? okay you searched a stock on Finviz with inputs of <5x P/E, BV>P and? umgh if the only definition of Cheap is low P/E than on a P/E basis imma introduce you to FAANG enjoy! + +ask yourself: + + its cheap compared to what? + + why cant it go lower? + + how is your downside protected? + +why will the price go up? +Hey guys important question. You know when you collect coins or silver you naturally need to inspect what you’re buying before you buy it. How can I check the stocks I’m planing on buying to make sure they are good condition. I have asked commsec because I want to view my stocks in person but no one seemed to understand what I was saying. They ended up hanging up on me. Please help ASAP cause I want to go see them on Monday to make sure the ones I bought are tip top condition. +My wife and I were looking at getting a bearded dragon for our son for his birthday. A young beardie is only about $60. So we set aside $200 in our budget counting on buying a reptile aquarium and some incidentals. + +Then we learned it needs expensive UV bulbs that last about 6 months and are about $40 each. Also the electricity cost the run this heat 24 hours can be a drain on the electric bill. + +Also the beardie needs to go to the vet every 6 months for a checkup. And finally, food. They have a very diverse diet and can eat up to $15 per week in foods. So I did a total cost analysis for a beardie that lives 12 years and it turned out to be a whopping $10,000 + +Life pro tip, do a total cost analysis on pets before deciding to purchase. Even free pets are absurdly expensive. In 12 years both of my kids are going to be in college and I will desperately need $10,000 then. I will not need an aging lizard. + +Edit: For everyone giving me shit about my poor son, don't pity him. First he didn't know about the beardie. Second we are taking that $200 and taking him to an amusement park. He's fine. + +Edit 2: This post is not about "don't buy pets, they're expensive." The post is about "make sure you're aware of the full cost of something before making a decision." Yes we have kids and dogs. Yes they're more expensive than lizards, but for us well worth the cost. A reptile, not so much. + +Edit 3: Thank you all for the "you're way overestimating" and the "you're way underestimating" posts. The accuracy of the cost really isn't the issue. The issue is we were expecting something minimal and almost made a big mistake. The point is, we did the research and it was way more than we were expecting and wanting to pay. To us, it wasn't worth it. We have other pets. We aren't frugal, but we are smart with our money. I am simply encouraging others to do cost analysis. And at the end of the day if a bearded dragon is worth 10k to you, awesome! Do it. +Some of you may have seen [my recent post about VW](https://old.reddit.com/r/Superstonk/comments/ufnf7y/the_bigger_short_vw_squeeze_had_more_to_do_with/) over the weekend, or [my older post about the "BRK Indicator"](https://old.reddit.com/r/Superstonk/comments/rw79so/berkshire_hathaway_is_an_indicator_of_gme_spikes/). This post will expound on these as GME relates to Berkshire Hathaway. + +NOTE: This is all based on visual pattern recognition from charts I will provide. The following is simply my own opinion/theory on what I see, and is not backed by any hard data aside from charts and letters/interviews/articles with Buffet/Kenny and other past GME research. If anyone wants to do a more quantitative analysis of this type of work, please have at it. This is not that. I'm not a quant. I have asked some quants to take a look when they have time, including pwn. + +##**BACKGROUND INFORMATION** + +I imagine most apes here have at least heard of Warren Buffett, value investor extraordinaire, and one of the richest men in the world. He was a disciple of famed value investor Benjamin Graham, whose teachings have influenced all the value investors since, including our very own DFV. Warren Buffett is the head of a company called Berkshire Hathaway (BRK). BRK is an interesting company: it basically just owns other companies. They own huge chunks of Apple, Coke, and Geico, to name a few. + +Warren Buffett's image is carefully crafted to be that of a kindly old grandpa. He still lives in the same small house he purchased a billion years ago in Omaha, Nebraska. He buys breakfast at McDonald's and counts the change out like a normal person (he could buy all of McDonald's if he really wanted to). He only invests in good companies he truly believes in and holds them for eternity. Warren Buffett is the OG Diamond Hands. However, I submit, based on the evidence I'm about to show, that Mr. Buffett more closely resembles Montgomery Burns than an elderly Captain America. + +Here's some of what Warren Buffett has had to say about short selling over the years: + +> It's a whole lot easier to make money on the long side. You can't make big money shorting because the risk of big losses means you can't make big bets. It's ruined a lot of people. You can go broke doing it. + +Nice, so he doesn't like shorts. Ok cool. What else has he said about shorts? + +>I would welcome people wanting to short Berkshire. In fact, I'd lend them stock and earn extra income. They're a certain future buyer. If anyone wants to naked-short Berkshire, they can do it until the cows come home. In fact, we'll hold a special meeting for them." + +Moreover, Buffett has used this share-lending strategy with some of his other companies. The Berkshire CEO related a story in which a large brokerage company approached Buffett wanting to borrow USG (USG) stock to sell short. + +>"We charged them a lot," Buffett said. "We even forced them to hold it for a certain period of time so we could continue to earn money on the borrow." + +Buffett has said a lot about shorts over the years, but this is sufficient for our discussion here. + +##**A Brief Primer on Currency Pairs** + +A currency pair is basically one currency traded against another, for example, EUR/USD = 1.25 means one Euro is worth 1.25 USD. The thing is, you can do these sort of pairings with any two stocks. For example, here's a period of time in 2019-2020 where we have GME (Yellow) and POPCORN (Blue). GME/POPCORN is shown in green. You can best conceptualize this trade as **LONG** GME and **SHORT** POPCORN. It's like a hedge, make sense? + +https://www.tradingview.com/x/yWCHab2V/ + +These pairings can be of interest to traders because they can show when one stock might start to breakaway from others it usually moves with. Maybe you want to compare CPU STOCK #2 to the Nasdaq index, for example. + +https://www.tradingview.com/x/4AMVe4Q0/ + +In this example, you can see that in the past few days, CPU STOCK #2 has started to trend upward against the index, meaning it might be a good time to jump in. Sure enough, the stock is rising compared to its peers. + +So, what does this have to do with GME? + +##**POPCORN IS GME'S LEASH** + +Remember that chart of GME vs Popcorn from 2019-2020? Looked like a normal, kinda squigly chart. Well, take a look at what has happened to the pairing in 2021-2022: + +https://www.tradingview.com/x/XWceMNCy/ + +Do you guys see this? Starting in June, Popcorn and GME suddenly became *very* closely linked. Since then, the two stocks have always traded within a certain range of each other. A good friend of mine observed that POPCORN often acts like a "leash" on GME, and this is exactly what is shown in this pairing. Neither stock can escape the confines of the lane they're trading together in. What we are seeing here is very likely the result of a **SWAP** where Kenny (or Susquehanna, or whoever) took their GME short position and swapped it with an POPCORN long position to hedge the short position. They don't have to report this long position because swaps don't have to be reported. Then they pay to promote POPCORN on social media and here we are. + +But wait, there's more. + +##**BUFFET ENTERS THE CHAT** + +Wrinkles have known about the GME/POPCORN chart pair thing for a while. We've looked at it and seen how they're leashed together into a certain range since June, etc. Well, last weekend, I was working on my VW post and musing about how BRK might be related and I had a Eureka moment: + +**WHAT IF THEY SWAPPED THE GME/POPCORN SWAP WITH BERKSHIRE HATHAWAY?!?** + +Apes and Apettes, allow me to present...Kenny's Master Swap Hedge: + +##**GME / POPCORN / BRK.A** + +https://www.tradingview.com/x/2bkGZnhY/ + +Look at how flat that hedge is everyone. MARVEL at it. It's truly amazing, if it wasn't so fucking evil. So, this is what Kenny has done, shown here, on the chart, for all to see: + +- Swap 1: SHORT GME / LONG POPCORN + +- Swap 2: LONG SWAP 1 / SHORT BRK + +That's it. GME/POPCORN/BRK.A (or BRK.B...the chart looks the same with either ticker). + +Now, recall that Warren Buffett quote from the start of this post: + +> >I would welcome people wanting to short Berkshire. In fact, I'd lend them stock and earn extra income. They're a certain future buyer... + +Warren "Fucking" Buffett has bailed out Kenny. Or at the very least, been partner to Kenny's swap. Buying and supporting POPCORN does nothing but hurt GME and help Kenny hedge. Run away apes. + +##**BUFFETT LETTERS** + +Each year, Warren Buffet writes a letter to Berkshire Hathaway investors. In particular, I'd recommend apes read the letters from 2002, 2008, and the past couple of years. These are the letters that focus most on *derivatives*, of which swaps are one common type. **I highly recommend everyone here read each of these letters and Control+F for the section(s) on "derivatives". + +[2002 Letter](https://berkshirehathaway.com/letters/2002pdf.pdf) + +[2008 Letter](https://berkshirehathaway.com/letters/2008ltr.pdf) + + +**SELECTED QUOTES FROM THE 2002 LETTER** + +>Charlie [Munger, Buffett's long-time partner at BRK] and I are of one mind in how we feel about derivatives and the trading activities that go with them: We view them as time bombs, both for the parties that deal in them and the economic system. Essentially, these instruments call for money to change hands at some future date, with the amount to be determined by one or more reference items, such as interest rates, stock prices or currency values. + +>The range of derivatives contracts is limited only by the imagination of man (or sometimes, so it seems, madmen). Say you want to write a contract speculating on the number of twins to be born in Nebraska in 2020. No problem – at a price, you will easily find an obliging counterparty. + +>But the parties to derivatives also have enormous incentives to cheat in accounting for them. Those who trade derivatives are usually paid (in whole or part) on “earnings” calculated by mark-to-market accounting. But often there is no real market (think about our contract involving twins) and “mark-to-model” is utilized. This substitution can bring on large-scale mischief. As a general rule, contracts involving multiple reference items and distant settlement dates increase the opportunities for counterparties to use fanciful assumptions. + +>Large amounts of risk, particularly credit risk, have become concentrated in the hands of relatively few derivatives dealers, who in addition trade extensively with one other. The troubles of one could quickly infect the others. Linkage, when it suddenly surfaces, can trigger serious systemic +problems. + +>Indeed, in 1998, the leveraged and derivatives-heavy activities of a single hedge fund, Long-Term +Capital Management, caused the Federal Reserve anxieties so severe that it hastily orchestrated a rescue effort. In later Congressional testimony, Fed officials acknowledged that, had they not intervened, the outstanding trades of LTCM – a firm unknown to the general public and employing only a few hundred people – could well have posed a serious threat to the stability of American markets. In other words, the Fed +acted because its leaders were fearful of what might have happened to other financial institutions had the +LTCM domino toppled. And this affair, though it paralyzed many parts of the fixed-income market for +weeks, was far from a worst-case scenario. + +>One of the derivatives instruments that LTCM used was total-return swaps, contracts that facilitate 100% leverage in various markets, including stocks. For example, Party A to a contract, usually a bank, puts up all of the money for the purchase of a stock while Party B, without putting up any capital, agrees that at a future date it will receive any gain or pay any loss that the bank realizes. Total-return swaps of this type make a joke of margin requirements. Beyond that, other types of derivatives severely curtail the ability of regulators to curb leverage and generally get their arms around the risk profiles of banks, insurers and other financial institutions. Similarly, even experienced investors and analysts encounter major problems in analyzing the financial condition of firms that are heavily involved with derivatives contracts. When Charlie and I finish reading the long footnotes detailing the derivatives activities of major banks, the only thing we understand is that we don’t understand how much risk the institution is +running. + +>The derivatives genie is now well out of the bottle, and these instruments will almost certainly multiply in variety and number until some event makes their toxicity clear. Knowledge of how dangerous they are has already permeated the electricity and gas businesses, in which the eruption of major troubles caused the use of derivatives to diminish dramatically. Elsewhere, however, the derivatives business continues to expand unchecked. Central banks and governments have so far found no effective way to control, or even monitor, the risks posed by these contracts. + +>**Derivatives are financial weapons of mass destruction, carrying dangers that, while now latent, are potentially lethal.** + +Damn Buffett. "Financial weapons of mass destruction." Guess he doesn't ever use the things then eh? + +**Buffet's 2008 Letter to Investors** + +>Improved “transparency” – a favorite remedy of politicians, commentators and financial regulators for averting future train wrecks – won’t cure the problems that derivatives pose. I know of no reporting mechanism that would come close to describing and measuring the risks in a huge and complex portfolio of derivatives. Auditors can’t audit these contracts, and regulators can’t regulate them. When I read the pages of “disclosure” in 10-Ks of companies that are entangled with these instruments, all I end up knowing is that I don’t know what is going on in their portfolios (and then I +reach for some aspirin). + +>Derivatives contracts, in contrast, often go unsettled for years, or even decades, with counterparties building up huge claims against each other. A frightening web of mutual dependence develops among huge financial institutions. Participants seeking to dodge troubles face the same problem as someone seeking to avoid venereal disease: It’s not just whom you sleep with, but also whom they are sleeping with. Sleeping around, to continue our metaphor, can actually be useful for large derivatives dealers because it assures them government aid if trouble hits. + +##**WARREN BUFFETT TOLD THE GOVERNMENT TO BAIL OUT WALL STREET** + +So, I wasn't aware of this, but keep in mind that while BRK was mirroring VW's stock in 2007-2008 (prior to the VW squeeze, see my last post), Buffett was making [THIS LATE NIGHT PHONE CALL to the Secretary of the Treasury](https://www.cnbc.com/2018/12/11/how-warren-buffett-helped-save-the-economy-during-the-financial-crisis.html). + +Wait. What? You're telling me that Warren Buffett, called the Sec Treasury late at night while he was asleep, and put the bug in his ear to give the bail out to WALL STREET instead of bailing out the actual underwater homes (i.e. Americans). Do you apes see how manipulative this is? He didn't have to call him late at night. He *knew* that calling him late at night would mean he's more confused and suggestible, easier to manipulate. And he talked him into doing the exact thing that Wall Street needed: A huge bailout of their insanely underwater derivative positions. + +Warren Buffett just became Montgomery Burns. + +##**FAST FORWARD TO TODAY** + +Berkshire Hathaway just released their earnings report. Guess what it shows? A *huge* loss on their derivative positions. Now, as Buffett said, we have zero way of knowing from looking at their books what these positions are, but based on the chart data above, I think we can reasonably conclude that at least one of those positions involves a swap with GME, POPCORN, and BRK. One glaring omission from his letter this year? No mention of derivatives or the loss in his annual letter. In previous letters he states clearly that he personally takes full responsibility for BRK's derivative positions, and when there are losses there, he usually talks about them. This year, he did not. Curious. + +Anyways, this swap linkage explains many things. It explains why BRK.A volume has increased so dramatically since the Sneeze. It explains why it had the same volume jump with VW in 2008. It explains why BRK is mirroring GME and why POPCORN was pushed so hard on social media and why POPCORN often follows or lags GME movements in weird ways, almost acting as a "leash" on GME. I think it also explains BRK's share buy backs and is in line with Buffett's past comments about welcoming people to short BRK. + +##**TLDR** + +KENNY (or some large short) may have made a SWAP that was SHORT GME and LONG POPCORN, then combined this with a SECOND SWAP that may be SHORT BRK. This gives the equation: GME/POPCORN/BRK and if you graph this using Tradingview, you get a chart that looks almost totally flat since June...a near-perfect hedge. + +##**Edit: DATA + +The amazing u/bobsmith808 was kind enough run some numbers for us. At this point, our feeling is that the hard data is…inconclusive. + +https://imgur.com/a/RajOGGO/ + +It’s clear from the chart and the data that the biggest part of the hedge is POPCORN. It’s clear that however BRK is tied in, it’s a less strong correlation. My problem with the data overall is that I don’t think it’s going to correlate 1:1 like this because we’re essentially correlating 1/POPCORN (which correlates fairly well) but also with some BRK sauce thrown in, so it’s really 1/POPCORN*BRK so it gets more complicated. + +This will remain a work in progress and an area of intense investigation. I am convinced Popcorn is a hedge against GME, and I am convinced BRK is involved somehow, either willingly or unwillingly, but the nature of BRK’s involvement is, at this point, still murky. I strongly suspect, based on my intuition and gut reading of the chart and situation (interviews and such) that they’re taking the other side of Kenny’s swap, but I can’t **prove** it with data yet so consider this speculative for now. +* A few non-GME tickers are being spammed with awards on other subreddits: [https://i.imgur.com/QiHJHDx.png](https://i.imgur.com/QiHJHDx.png) +* "A week old post of mine on X got 10 anonymous awards today. Super suspicious.": [https://www.reddit.com/r/stocks/comments/l53bbw/todays\_posts\_about\_nok\_and\_amc\_on\_this\_sub/gksdn13?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/stocks/comments/l53bbw/todays_posts_about_nok_and_amc_on_this_sub/gksdn13?utm_source=share&utm_medium=web2x&context=3) + +I think the large players are starting to realize they need to take the retards on reddit seriously. I think they're attempting to astroturf the investing subreddits by giving awards to tickers they have a vested interest in. And at this moment, that's anything that isn't GME. They know that once the prevailing enthusiasm subsides they'll have the opportunity to close. + +Stay wary and stay vigilant my comrades. This is a war of attrition. + +Positions: $8k in shares/calls GME 🚀🚀🚀 + +&#x200B; + +Edit: I'm in no way advocating for everyone to go all in on GME, or for this sub to become a one-ticker show. I'm only pointing out that some of the recent activity is highly sus and to be be wary of all posts – including this one. With that said, GME to the god damn moon 🚀🌕 +So... My dad told me the other day that he has 5k in cash that he's saved up over years. He wants to deposit the money ss it's mostly old £20 notes which are going out of circulation. He is scared he'll be taxed on it as earnings for that single tax year as he's self employed and has to declare everything. + +So he's asked me to deposit the cash for him into my bank account and then transfer it to him. + +I won't lie this feels pretty questionable but am I doing anything illegal? + +It feels like it could easily be seen as money laundering or such. +I remembering hearing as a kid, from my grandfathers bros that they could time the market and I've just recently heard the same thing from a Gen-Z-er that he could do the same. And knowledge doesn't seem to help I know guys with finance degrees claim the same. What's the deal here? +Hello dear fellas. Is there anybody who can help or give me resources to learn about trading and investments? + +[Stonks](https://preview.redd.it/qnojadpyupu81.png?width=680&format=png&auto=webp&s=c2a7798b4ff4b2b2979652e995fb52b63b768db1) +https://betterdwelling.com/canadas-super-rich-actually-own-a-bigger-share-of-wealth-than-previously-thought/ + +According to that source and The PBO, the 1% have a minimum net worth of $6.1 million (household). There are only 10.3 million households. So that makes 103,000 families in the 1%. + +How do they get that rich? Does anyone have any insights on what these 103,000 families do? +Many years ago when petrol was like 80c/litre and the average salary was much lower, 100k/year felt like the somewhat universal number treated with awe and acclaim... to me anyway, as I have been and likely always will be an average income earner. + +100k was always my mental yardstick for being quite well off, but as average salaries have grown and cost of living soared, it’s clear 100k is not as special anymore. + +My mental yardstick needs to be updated…What’s the new 100k? +The anti-FIRE? + +https://www.nytimes.com/2022/05/13/style/saving-less-money.html + +> The World’s a Mess. So They’ve Stopped Saving for Tomorrow. + +> Many adults under 35 are throwing financial caution to the wind. It’s all about saving less, spending more and pursuing passions. + +> “We’re not wired to save. We’re wired to consume. If you have an exciting vision of the future, those are the people who aggressively save for retirement. If you have an apocalyptic vision of the future, why would you save for it? Of course you wouldn’t.” +I recently consulted with Paramasa Wealth Advisory and my experience has been very mixed bit on dull side. +https://paramasa.com/ + +The plan suggested by him was nothing extraordinary and the plan looks very moderate. Under 3yr all FD/RD and bigger than that, MF, that just 2-3 which could have easily been recognised if one do proper research. + +I mean if I am paying 18k for 6months to a person to suggest me investment strategy, I was expecting much more aggressive strategies. +If it had to be so sober, a non-financial person could also manage the same. + +Edited: +The advisor first went through the process of risk assessment and my expectations turned out to be in *moderate high risk category*, on basis of which my equity/debt ratio was decided. + +I think I was overhyped with the Advisor thing and thought he might advise some niks and kicks to juice out maximum returns but it isn't so. + +Just need to revisit plan from tax perspective once though. +What’s up apes. I’ve been a part of this community for a long while and I’ve seen it do some amazing things. GMErry Christmas is a good example. I’m so sorry to exploit the community as this has nothing to do with GME. + +I have a baby ape in my family that needs a liver in the next couple of days. I’m breaking a cardinal rule by sharing this because it takes away my anonymity - but I figured it’s worth it if y’all can help me find a liver donor. + +I’m just asking if people could watch this TikTok and interact with the video to blow it up I’d be forever grateful. Thank you! +[TikTok video](https://vm.tiktok.com/ZM8btvjnD/) + +*a good ape brought up possible data crumbs with shortened links. If you don’t wish to click on it - please search TikTok for user @for_audrey - it’s the only video. + +I accept the ban if that’s what mods decide. + +Edit: 😭thank you all so much for your support and responses. I’ve been asked to include matching criteria so here it is + +Female ages 18-45 + +110lbs or under (50kg) + +Blood type A or O + +Not pregnant or haven’t been pregnant for 12 months + +**generally** it’s a 3 month full recovery for the donor as this is a partial liver donation. The liver is capable of growing back the part that is taken. + +Thank you so much! + +Here’s the [link to the hospital with information ](https://froedtert.com/liver-donor) if you are willing and interested to take the screening survey. + +One more edit: want to be clear it’s my extended family, not my direct baby as I don’t want to mislead anyone. But she’s family. Really appreciate everyone here. You’re making this easier and giving me hope when there wasn’t much just an hour ago. 🙏 + +Some of you have been asking for a tweet to share - here’s my tiny Twitter - https://twitter.com/for_audrey_grey/status/1461170059607523328?s=21 + +Also, HUGE shout out to those that have commented or DMd me that they fit the criteria and filled out the hospital’s form 😭 heroes, all of you. And all of you that have really boosted this up. + +Thank you so much to everyone who has commented, upvoted, shares here, on TikTok, in texts, etc. I am so appreciative. This community always comes through. + +Oh, and of course, DRS + +Probably final edit tonight as I’m falling asleep. Apes, I am truly overwhelmed by all of your support. It’s been amazing feeling the love from all of you. I think we might have a shot here at finding Audrey a good match, so I thank each and every one of you for your interactions on this post, the Twitter post, the TikTok video, all of it. + +I’ve had so many of you reach out and let me know you’re going to fill out the form. It’s incredibly humbling how generous you all are with your time, your platforms, etc. This community is truly one of a kind and seeing the love here, I have little doubt that our hard earned tendies will be in the right hands post MOASS. + +I’ll keep updating as I have them tomorrow and in the coming days. Again, I really appreciate all your interaction. I nailed my head on one of my kids beds so I need to take a break now from all the comments and dms so I can get some sleep. + +Have a good night everyone, and I’ll see you tomorrow for the MOASS and I’ll be back to continue commenting and chatting with you lovely apes. + +**Update 11/18/2021 10:25am EST** +We have a few people that meet the criteria and I’m guessing the hospital will be reaching out today to explain the next steps if they are interested. HUGE SHOUTOUT to all of you. This is incredible. + +That being said, if you are still interested, please go ahead and continue to fill out the form. Oftentimes people need to back out when they hear that it’s two weeks in the hospital and potentially three months off work. + +Also, testing will need to be done in Wisconsin. + +A lot of people ask about the weight limit. We really need someone as close to 100lbs as possible (problem with me saying 110 is folks at 120 may overwhelm the staff 😅 y’all are amazing! + +Thank you so much! I am doing my best to balance kids, work and responding to everyone so I’m sorry If I haven’t gotten back to you yet! Thanks everyone! + +MOASS tomorrow!? + +Update 11/19 3:30pm EST + +Not much to report! I really appreciate everyone still interacting with the tweet and TikTok. Not are still getting traction and a few people have reached out about wanting to fill out the form. + +I think we are in for a few days or maybe even a week or quiet now as the hospital chats with those that have volunteered to be checked as a match. Thank you to everyone! + +Green day today, let’s go! + +Update 11/19 7:30pm EST + +Audrey is in the hospital and she’s not doing to well. Send her some energy, apes 🙏 + +Update 11/22 4:30pm EST + +Y'all are amazing. We've heard from at least three folks have made past the secondary screening by the hospital and they are headed to Milwaukee for imaging. Audrey is having a rough time in the hospital but she still has moments of positivity and happiness :) + +MOASS tomorrow! + +Update 11/26 10:30am EST still no news of consequence but Audrey is hanging in there for now! Happy thanksgiving, Apes! + +Update 11/30 8:30pm EST https://www.wbay.com/2021/11/30/neenah-baby-immediate-need-lifesaving-liver-transplant/ + +EDIT: 12/9/2021 4pm EST + +WE DID IT! AUDREY IS IN SURGERY AND IT SOUNDS LIKE BOTH SHE AND THE DONOR ARE DOING WELL!! + +12/22/2021 9am EST - Both Audrey and the donor are doing well! Audrey’s body was rejecting the liver but they sound like they are treating it and have it under control! Things are looking great all around! +My father surprised the hell out of everyone a couple weeks ago and passed away suddenly. In dealing with the aftermath, here's some things I recommend: + +1. Take care of your health now. No, really. You've got one body. Damage can be cumulative, invisible, and irreversible. + +2. Document your life. Accounts, vendors, contact numbers. Bank accounts, retirement accounts, investment accounts. Power, water, utilities. The Netflix password. Monthly services. Insurance policies. Most companies have a process to handle these transitions, but you need to know whom to call. Having a single reference document that has a list of "this is the stuff in our lives" is just useful to have. Keep it secure, but have something put together. + +3. If you have dependents, have a term life insurance policy. Get a 30 year term policy in your 30s or 40s. My $1M policy is less than $50/month. My wife's is even cheaper at $35. We've had our policies for 5+ years; that same policy now we're in our mid-40s is almost 3x as expensive. + +4. Have a will. Have advanced health directives. Let people know how you want your remains handled -- cremation, burial, fed to the birds, whatever. Having as much as possible decided beforehand takes the burden away from people having to make hard decisions at a time when their personal bandwidth may be otherwise occupied. Let people know. *Write things down.* + +5. If you're going to register as an organ donor, someone who works with the Coroner's Office is going to call with a 30 minute questionnaire they need to go through. This call may come in the same day or the next day (as time is of the essence); anyone can answer these questions *to the best of their knowledge*, but be aware it's a Thing. The call can be handed off to someone else -- my mother was not prepared to talk to the nice lady about cutting out my father's eyeballs, but I took the call and got to answer questions about my father's sexual history *to the best of my knowledge*. + +6. It is bad security practice, but write down significant passwords (computer, email, phone PIN) and keep them in a safe place. Unless you'd rather keep all that locked down forever, which is also fine as long as you've got Step 2 in place. If you use a password manager, keep the master password somewhere they'll find when you're gone. Or most modern password managers have a dead man's switch. + +Programmers joke about documentation all the time. But at the end of the day, the documentation is there to help the *next* person. If one member handles all the finances and taxes and such, leave enough information so it's easier for those left behind to figure out what the hell is going on -- they're going to be having a hard enough time as is. + +If you're all alone, on the plus side you don't have to worry about any of this shit. So you've got that going for you. Which is nice. + +Edit: once you've got your basic accounts documented, go to the next level and look into setting up trusts and power of attorney. Add beneficiaries to your accounts. You can do this through the ui really easily at Ally or Vanguard; other vendors should have similar. Look into "transfer upon death" stuff for accounts *and properties*. + +Edit: the point of the documentation is so someone knows what you have and whom to call. The passwords are a separate issue: do not go and drain all the accounts post-mortem just because you can log in. Make sure you have someone else's name on a bank account so they can use it to pay bills while everything gets settled and transferred, if it came to it. This can take weeks or months. + +Edit: a really simple cremation and nice metal urn cost us a little under $4k (including 15 Death Certificates). If you ask for a senior discount as a joke they might knock a couple hundred bucks off. + +Edit: it might be helpful to pull a free credit report before reporting the death to the SSA (I didn't think to do this until a couple days later, at which point all attempts to pull the CR failed). A detailed report will show lists of accounts, which can be helpful. You might still be able to get a report with a Death Certificate; I'm still figuring this part out. + +Edit: removed advice about generating unique passwords because people can't stop letting the perfect be the enemy of better. Yes, it's not the best thing to do. Yes, it's still miles better than a single reused password. +After Almost 3 Years Trading, These Are 3 Tips That Allowed Me To Become Consistently Profitable + +These are a few of many things that have helped me over the years. I hope you find some value from them ! 🙏🏼 + +1. Using an indicator to complement a strategy, not create one. I’m sure a lot of you will disagree with this and that’s ok. Personally I’ve always been a price action guy and so in my early days I’d use indicators as a my shiny object to chase. More so than this the role of an indicator for me helps me to be systematic with my decisions. I am mainly a day trader/scalper so emotions and decision making are heavily intertwined. + +2. Focusing on less pairs. When I started I was concentrating on 10 pairs and the result was I didn’t learn anything - I was stressed and dysfunctional. I cut down to one pair for 6 months and then I made real progress. Now I trade 5 pairs but I feel I have earned my ability to do that as I’ve built up my discipline over years. + +3. Massively reduce screen time. Even though I scalp and day trade a lot, I don’t spend more than 2 hours per day looking at the chart. I have a system for setting up custom alerts and I refrain from looking at the screen otherwise. More screen time = more room for emotions = more emotions = more bad decisions = inconsistent results. + +These sound simple and when I first started trading almost 3 years ago, I would of ignored them because I thought I knew it all. Took me 1.5 years to get consistent and I struggled with every emotional issue you can think of. I hope these help, any others you think should be added leave a comment 🙏🏼🚀 +**Website just relaunched - New Logo - Join our Journey to Legalize Weed worldwide!** + +**300$ Giveaway contest mechanics here, 72 hours deadline!:** [https://www.reddit.com/r/BongWeedCoin/comments/nlqbg6/our\_first\_reddit\_300\_giveaway\_contest\_and\_its/](https://www.reddit.com/r/BongWeedCoin/comments/nlqbg6/our_first_reddit_300_giveaway_contest_and_its/) + +**OUR TOKEN INFO:** + +* Contract : **0x66696ab8c6aaeb22dc14a2dc4a833682388ea901** +* Pancakeswap (V2) : [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x66696ab8c6aaeb22dc14a2dc4a833682388ea901](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x66696ab8c6aaeb22dc14a2dc4a833682388ea901) +* 50% BURNED : [https://bscscan.com/tx/0x2c456db6c6578f1f9b6cd1f3095b25789fbc5dfde901bf523ef3ba13a7877beb](https://bscscan.com/tx/0x2c456db6c6578f1f9b6cd1f3095b25789fbc5dfde901bf523ef3ba13a7877beb) +* LP Locked : [https://dxsale.app/app/pages/dxlockview?id=0&add=0x23238A34C54E115a4bC0b39729165e9c791De532&type=lplock&chain=BSC](https://dxsale.app/app/pages/dxlockview?id=0&add=0x23238A34C54E115a4bC0b39729165e9c791De532&type=lplock&chain=BSC) +* Ownership RENOUNCED : [https://bscscan.com/tx/0xa245b5b29e519bf04236c7c81e8a93fbdfed07dd23d4fc328bca738dff2b3405#eventlog](https://bscscan.com/tx/0xa245b5b29e519bf04236c7c81e8a93fbdfed07dd23d4fc328bca738dff2b3405#eventlog) +* ​Current Website: bongweed.info +* TG: [https://t.me/bongweedfinance](https://t.me/bongweedfinance) + +Welcome to BongWeedCoin, it has been 7 days since we launched, achieved and completed key steps for us to cater to everyone who are looking to earn, stoners who can’t puff puff pass to their homies from cannabis illegal states/countries and even non-stoners who are aboard with the same interest as this community. + +Achieving worldwide legalization seems like a shot to the moon (pun intended) but that is without a doubt what cryptocurrency can do to empower activists like us, like you. + +We are not just another weed 420 blaze it bullshit token that has been overdone a thousand of times, we have confidence in branding our token as the **“World’s First Marijuana Legalization Token”** so DYOR plays a huge role in this. + +In a world where all of us have witnessed how shallow meme-based-cryptocurrencies are shooting to the moon, we can just imagine the possibilities if purpose driven tokens were to achieve the same success, this is why it is also a part of mission to show and voice out our support for other purpose driven communities like us. Change is possible. And it starts with you. + +For almost the entire century the world began to put attention into the Marijuana Narrative, we started to witness all the benefits of Medical Marijuana, we are slowly starting to react to big pharmas campaigns against it, we witnessed how some states are starting to embrace and regulate both medical and recreational use of Marijana, how the cannabis culture shaped our current pop-culture, how mistreatment of unregulated cannabis lead to bad publicity, how illegal states resorted to more illegal activities surrounding cannabis that caused more common misconceptions, how illegalization further promotes Alcohol abuse, how Alcohol abuse has brought nothing but deaths, violence, family toxicity, the list goes on. And lastly; **How the world silently grieved from all the loss of life and violation of human rights with the ongoing war on drugs.** + +**Our purpose driven ongoing projects and (to be discussed) ideas:** + +. + +* (Ongoing) Informative but dank social media accounts to promote cannabis positivity, and memes! ofcourse, weed memes will be there. +* (Ongoing) Listing down Cannabis legalization organizations for us to donate with and for us to possibly to form partnerships with. +* (Ongoing) Influencer search, pushing and funding content creators to promote safe medical marijuana and possibly safe and healthy recreational use all over the world. +* (TBD) Cannabis brand search, looking into startups and established prospects to support our cause. +* (TBD) Ways to send out carefully proposed formal educational campaigns for medical marijuana targeted specifically at gov't and healthcare firms all over the world, country per country, city per city. +* (TBD) And lastly, work on publishing several weed cookbooks, weed / accessory shops, our own bong designs and merch. + +**Our Token and marketing related completed, ongoing projects and (to be discussed) ideas:** + +* (Completed) Coinhunt listed +* (Completed) Poocoin ads running +* (Completed) Coinmarket applied +* (Completed) Joint Rolling video contest, 4 Winners announced with bnb giveaways done. +* (Done)Twitter account startup followed by 100$ giveaway to random follower. +* (Ongoing) Shilling Content creation contest a.k.a Meme contest up in this subreddit! STILL UP from the time posting this, 72 hours deadline! +* (Ongoing) Full website relaunch, with detailed write-ups and complete revamp. +* (Ongoing) Whitepaper “Grean-leaf” being written and constantly reviewed amongst devs and mods. +* (Ongoing) Instagram account fresh startup +* (Ongoing) Subreddit page fresh startup + +**JOIN OUR COMMUNITY!** + +* Telegram: [https://t.me/bongweedfinance](https://t.me/bongweedfinance) +* Twitter: [https://twitter.com/Bwc\_legalize\_it](https://twitter.com/Bwc_legalize_it) + +***We are doing everything organically and community driven as much as possible, please don’t hesitate to bring up ideas and leads for us to achieve pitch perfect executions of our plans. Change starts with you. Small fun ideas, to lucrative ideas, we are all ears.*** + +**We can do this, till we can finally PUFF PUFF PASS TO OUR HOMIES WHO CAN’T!** + +**Till we can all get HIGH…. Wait for it…..TO THE MOON!** +I've started to get paid a decent amount of money and so I will be looking to put at least 1k into stocks each month and so I need a platform that gives me access to a lot of companies, doesn't charge too much and is accommodating for long term investments and short term. + +Any advice would be much appreciated as I'm so new to this. + +I'm subscribed to southbank investment so I'm learning from them and will be following some of their suggestions. +I try to do this every tax season, and I felt the need to remind people that this resource exists. There are some simple explanations of tax law in the U.S. over at Khan Academy. Here are a couple links: + +* [Introduction to Tax Brackets](https://www.khanacademy.org/economics-finance-domain/core-finance/taxes-topic/taxes/v/basics-of-us-income-tax-rate-schedule) +* [Introduction to Deductions](https://www.khanacademy.org/economics-finance-domain/core-finance/taxes-topic/taxes/v/tax-deductions-introduction) +* [A link to all lessons in the Tax Portal](https://www.khanacademy.org/economics-finance-domain/core-finance/taxes-topic) + +And since retirement accounts tie into deductions: + +* [Link to the Retirement Accounts lessons](https://www.khanacademy.org/economics-finance-domain/core-finance/investment-vehicles-tutorial/ira-401ks/v/traditional-iras) + +As an added bonus: + +* The [personalfinance Wiki on Taxes](https://www.reddit.com/r/personalfinance/wiki/taxes) (may need an update for Tax Year 2016). + +Let me know if there's anything related I should add to this list. Happy filing! +I’m basically just a stock boy. But I’ve been doing it for three years now. My old job was cutting my hours and I really couldn’t afford to just stay there. + + +I spent over a month trying to find a second part time job with little success. Until I decided to apply for a new full time job with some competitors. It meant giving up on having two jobs and getting more than 40hrs a week, but no one wanted to give me a part time job with the odd hours stockers have to work. + + +I got a call from one store within an hour of applying. And took a job from a different store that did the entire hiring process over the phone in one day because they didn’t want to wait and have someone else make an offer before I could come in for an in person interview. + + +Now I’m making about 20% more, getting full time hours, and possibly most important of all will have health insurance (something my old job didn’t provide). + + +I was surprised how in demand someone with experience can be, even in a low level position. Although if your job is anything like mine you’ve had to put up with an endless stream of shitty new hires who couldn’t do a job even as easy as stocking. So it makes sense why managers and hr are excited to see what should be a sure thing applying. + + +This subreddit is full of information that has no use in my current financial situation. But I encourage everyone to look around at your other options. Even if you don’t have a degree or certification or a real carrier. Companies are always hiring for low level positions, and some of them are willing to pay more to not have to train someone or worry about them not being capable of the job. + + + +TLDR: If a stocker can get a 20% raise by changing companies you should at least give it a shot. + + + +Also I’m on mobile and I always see people apologize for that with formatting so hopefully this doesn’t look crappy. +And I don’t think I’m breaking the rules by posting a success story. The details of my own experiences are just there to help anyone else in a similar position realize this applies to them as well. I’ve seen plenty of posts about changing companies that I didn’t feel like applied to me, so I tried to make a post that would’ve gotten me to explore my own options sooner. +I was reading [Legal Systems Very Different From Ours](http://www.daviddfriedman.com/Academic/Course_Pages/legal_systems_very_different_12/LegalSystemsDraft.html) and it was interesting to see systems that are cohesive and worked in ways that I'm not used to. I guess I'm just looking for more of the same in different fields. Bonus points for anything that falls outside of the Capitalist ~ Communist spectrum, but novelty within the spectrum is still encouraged. +I'm new to economics, just wanted to ask who was correct in their ideas of the boom and bust cycles Hayek or Keynes? Was only one correct? We're both correct in ways? Please explain! Thanks!!!!! +Why would it be inefficient or non-viable to have a sales tax be the only form of taxation, excluding a few things, like government expenditure, food, water, and individuals/households making less than a certain amount? In 2019 there was a tax revenue of $3.46 trillion and a consumer spending total of $14.544 trillion, a sales tax of roughly 25% would account for all taxed income previously, and in a sense be more "fair". +I am Serbian, 29 years old, grew up in a lower middle class family with debt where we had to grow most of our own food to make ends meet. I was born broke and everyone I know is still broke. My story is very unusual for this part of Europe and I have nobody to share it with. This is not a post where I'm trying to brag. I have more money than I need but I feel like I'm barely hanging on. + +Started out as a software dev in my late teens. skipped university, worked remotely for US startups instead. Saved 80% of what I made. In my early 20s. I quit to bootstrap my own SaaS company, which I have been running for the last 7 years. I run a team of 30 people and currently make about $400K per year after taxes. My portfolio is 60% real estate (4 properties), 40% Stocks (Index + single). Total NW is about $5-6M (valuing my biz at ebitda x6, in reality it's probably higher since it's growing). + +Growing up broke I always worked towards "making it". A decade later, now that I have reached the top of the mountain, I feel stressed beyond belief and lost. If you asked me what I really wish I could have, it would be a good night's sleep without an alarm clock. I wake up every couple of hours feeling like I've missed some kind of deadline or opportunity. Staring at the ceiling for hours on end is now a part of my routine. Cut out all caffeine, didn't change anything. + +My wife is 7 months pregnant and this has made me even more anxious about how I'm going to manage being a dad when I currently feel like I'm barely hanging on. But if I slow down, I am confident that my business will not perform as well and may go under entirely. Our market is extremely volatile and we are going through a tough time with covid/the war. In addition, every single competitor of ours is VC-funded, so we can't afford to slow down and lose market share. + +I am extremely privileged to be in this position, yet, I feel unhappy. I worry about the future and don't know what to do. Please don't tell me to just "take a vacation". I've tried it -- all I can do is think about work and feel extremely guilty. + +Have you been in a similar situation and what did you do to regain your sanity? +Background, mid-50's, wife already retired, I expect to join her next year. NW around $8M plus a mostly paid off home. + +Yesterday we went for a walk in the Marina neighborhood of San Francisco, and it really reminded me how much I love that area. Just absolutely gorgeous, so walkable, such good quality of life (notice I'm not saying anything about the type of people who live there, that's a different matter). But the homes we would want to live there would cost a minimum of $3M or so, and for an updated one with a small garden it's much more than that. In comparison, the home we have now was purchased for a bit over $1M and according to Zillow its now worth $2M (though I doubt we could actually get it). + +Anyway while we were fantasizing over that neighborhood, and looking at some homes on Zillow, I said if I was willing to work another 5-10 years, we could easily swing it. And I hadn't really thought of the FIRE tradeoff in quite those terms - an actual house in a beautiful neighborhood, in exchange for 5-10 years of my life on the corporate treadmill. Dreams of going for a long walk along Marina Green or Chrissy Field every morning. It didn't change my decision though, I'm still retiring. + +Of course, in literal terms, we could afford that Marina house now, and still retire, but that's cutting into our margin of safety too much (and I hate the thought of a $50K+ annual property tax bill). +Apologies if this has been asked before, couldn't find anything by searching. + +I also want to preface this by stating, some people reading this post may very well disagree with the premise, as questioning wine culture can be controversial. Please just go with it for the sake of argument. + +It seems clear to me that wine culture and snobbery is based on highly subjective criteria and that the correlation between well-tasting wine and expensive wine is dubious at best. + +Assuming this is correct (which you might not) what are the economic implactions of this? Is this an area for behavioral econ perhaps? This is an interesting conundrum for welfare-theory is it not? +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’m now in a fatFIRE state of existence. I’m a 39 year old woman, in pretty good shape. I’d say I’m probably a 7. I keep hearing money can make you more attractive. I feel I have potential to improve but I’m not sure what I need. Fillers? Botox? A glaze treatment for my hair? A better haircut? Where should I buy clothes for the look I want? Do I need Invisalign? + +What I’d like is some kind of consultant who will take a look at me and tell me all the things I can do to myself to make me look better. Does this exist? +John Mcafee has been doing his coin of the week for the last few weeks now. + +He's been using his large Twitter reach and "security expert" name to create a pump and dump in which he tweets out a coin of the week. + +The issue has become is he is now **not only pre-buying the coins himself to dump on his followers, but he now sells the calls to people before hand, for a price of which you can negotiate in the DMs.** + +Bots have been a common issue when he had some credibility, so he used to make ways to block the bots from catching on, well now he tries to make it easy for the bots as people don't buy his junk pumps anymore that he presells to people as "leaks", so he wants the bots to buy up his bags at a premium, and then himself and the people he sold the coinpick to then dump on all these people. + +You can see proof of this: https://np.reddit.com/r/SysCoin/comments/7s3yly/john_mcafee_will_be_tweeting_sys_as_his_coin_of/ + +The reddit user /u/Goku900000 has been able leaked both of the previous 2 calls that Mcafee has made. + +This man has one of the biggest names in crypto and is pulling the Bitconnect route of making the entire cryptocommunity look bad as he uses his large audience to create pump and dumps, **this probably affects the NEW PEOPLE to crypto the most as they see his large Twitter following and see him as an authority in crypto.** +No forewarning. I just went into a reoccurring meeting the same as every other Friday and was told I was being let go immediately. This job paid well, and even then my wife and I live paycheck to paycheck with all of our bills and trying to pay off an A/C unit. We have virtually no savings. I know I need to apply as much as possible. I don't know why I'm even really posting, I'm honestly just feeling pretty scared right now for my family. + +Edit: Thank you to everyone who's providing laid out plans, and helping me keep my head on straight as well as my sanity. I'm actively applying and trying my best to keep calm. To those that seem frustrated why I don't have savings prepared...I really don't know what to tell you. One day you've got 15k in the bank and you feel safe, the next year you get hit by a hurricane and your roof is wrecked, and your ac unit dies in FL. On top of that, we've been paying car payments since our last car died two years ago. Believe you, me - Drove my 2003 Hyduani until the wheels fell off. Shit kinda just came at us all at once, and we never really recovered. The plan always was to get rid of these ever-looming debts hanging over our head so we can get back to saving. The goal was to throw large payments at the things so we could get rid of them quickly without accruing interest. The wrench in that plan was I just wasn't expecting to be fired. + +Edit #2: For those messaging asking what I did. I worked remotely as an onboarding manager for a digital marketing agency. 40 hours a week, salary. I wasn't given a reason why I was being fired, but I suspect it was due to a client complaint that happened a few weeks prior. The onboarding client at the time kept sending me the wrong thing and got extremely worked up after I sent him an email with the words "I'm sorry, but this is not what we need". Kept sending WordPress backend access to his website when I was simply asking for domain hosting information from GoDaddy. He got mad at me and complained directly to the CEO threatening to quit. CEO flipped out and was ready to fire me on the spot, but was convinced not to by my manager. From then on, I felt weird vibes from my manager almost every day. Things started to clear up on onboarding in terms of workload, and they were having me offboard the remainder of my clients to their assigned CSM. It's clear to me now that they were waiting for things to die down before pulling the plug. I was definitely in shock while I was being fired because I didn't even ask why. They told me they're not going to be paying me for November, but prorating me for the days worked this month thus far. Doesn't feel right at all, but then again this company has a history of shitting on their employees. + +Edit #3: To those offering to help edit my resume/cover letter, and assist in teaching how to interview. You are truly amazing human beings. I don't really have the words. Thank you so much for taking the time out of your day to offer help to a complete stranger. Thank you. To those who have been through what I'm going through right now, thank you for helping me feel understood. I truly am sorry. No one should ever have to go through this... On the bright side, this thread has 100% helped my mindset, and I don't feel as mentally dazed anymore. I've taken many of your advice to heart and I intend on acting upon them. I'm glad I posted this. +I work for a big Chinese tech company (can provide proof to mods if required) and I've got a good relationship with my boss but always restricted to work only. + +So couple of days back I broke the boundary and told him if I could ask him a personal question and he was more than willing to listen to me. So this is how it went. + +So straight up I asked him what's the situation with the current Evergrande and real estate bubble back home? Do we have to be worried? (I know us GME holders need not but you know I dint want to break it up to him at first) + +Straight reply from him - You are all fucked. + +*utter silence for 30 seconds* + +I asked him how fucked? His reply - Very much fucked. + +He continued. I don't want to talk much about it but this is all political. Nothing business related. Chinese communist party wanted to show who the real boss is and who will be taking over the world economy. + +If the communist party wanted to, they can bail them out as 400B is nothing for them. But why bail them out when they are the ones who got them to this point? We (Chinese) will be fine because this has been prepared and controlled in the backend for the past 1 year. + +He ended - If you are invested somewhere, pull them out as it will be a shit show. + +I replied - Fair enough but I'm hedged against the econmony, more like an idiosyncratic risk. + +That's it. + +TL;DR - It seems like the Evergrande and and fall of Chinese real estate Sector has been planned by the communist party for over a year to fuck over the world and American economy. +Happy Wednesday Everyone! + +I don't know about you, but today's drop to $177 and subsequent rebound has me **jacked more than ever!** Why, you may ask? Read on... + +# Preface + +Some of you may have seen my post last week referencing Rocky Outcrop's custom Directional Movement Index (DMI) indicator and how it was showing we are due for a **HUGE** uptick in volatility after these past four weeks of sideways trading. If you haven't seen it yet, check it out here for more background: + +[https://www.reddit.com/r/Superstonk/comments/obteg7/gme\_the\_powder\_keg\_ready\_to\_explode/](https://www.reddit.com/r/Superstonk/comments/obteg7/gme_the_powder_keg_ready_to_explode/) + +Guess what? The DMI indicator switched off today which means we are officially ramping up in volatility for the near future. ***This has lined up perfectly with numerous other TA indicators that show we may have officially hit our bottom at $177 and are turning around on higher volume*** + +If you don't like TA or think it is invalid, I respect that. Despite GME's heavy manipulation it has worked well for me and others to show the most likely outcome as to where prices may be heading. + +My previous TA conducted on June 28 was based on what I saw at the time. The indicators were there, but none were screaming out at me. This time **EVERYTHING** is screaming at me. Now is the time. + +We all want the same thing. BRRRRRRRR + +***As usual, I am not a financial advisor and this is not financial advice!*** + +I'll try to keep this short. Here we go! + +# TLDR; + +* DMI indicator is showing we are now entering a period of high volatility. This means larger price swings up and down for the next few weeks. ***Say goodbye to trading sideways!*** +* RSI is showing we hit Oversold levels today at **$177** +* The most common Fib Retracement level (0.618) from the March Low and June High prices was hit today at **$177** (/u/possibly6 \- this might interest you) +* We bounced off of the 200 Period Moving Average (4 Hour Chart) today at, you guessed it, **$177** +* We bounced off of our current channel's support at, yes, **$177** + +Multiple signs are all pointing to the same thing: $177 was indeed the bottom of this long drawn-out descending channel we've been in since June 10th. ***Time will tell if this is holds to be true, but everything is screaming the same message. Onwards and upwards*** + +# DMI + +Check my previous post for more background on Rocky Outcrop's DMI and how it is an incredible indicator that shows explosions in volatility before they actually occur. + +The indicator started flashing on June 29th and flashed off today July 7th. + +https://preview.redd.it/vohwycfxmu971.png?width=803&format=png&auto=webp&s=3732a22cf8334961bea232d1b10d5e8e3948d185 + +* After a DMI signal flashes on and off, the positive price action (DI+, yellow line above) and negative price action (DI-, pink line above) fight it out to become the dominant momentum. ***Positive or negative momentum is confirmed after DI+ or DI- rise above the value of 38*** +* Currently DI- is winning the fight which is normally a bearish sign; however, notice today's DI- rejection it had at 38 on the dot. This is indicated by the blue hashed line at the end of my arrows. This same scenario happened back in May before our huge run-up where DI- was rejected at 38, DI+ took over, and we blew up to $350 +* If DI- manages to stay below 38 and DI+ picks up momentum, this would indicate another huge run-up with volatility in the very near future +* We will need a few more days to see how the DI+ and DI- action plays out. In any case, get ready for increased volume and volatility! + +*Huh... the DI- began reverting right around the time the price hit $177. Must be a coincidence right...?* + +# RSI + +The Relative Strength Index (RSI) is an indicator showing when prices may be overbought, oversold, or neutral. + +https://preview.redd.it/2eybhogwsu971.png?width=1060&format=png&auto=webp&s=ad797d21dcadccea12e68540d5fce7afc2530a82 + +* RSI officially entered oversold territory during today's price drop to $177 before it bounced back to the oversold boundary. This is indicated by the red hashed line above +* Previously the RSI hit this zone in March, April, and May where we then saw large price reversals afterwards + +*Strange... the RSI hit the Oversold zone right around when the price hit $177. Must be another coincidence.* + +# Fib Retracement + +Fib retracements are based on the famous Fibonacci Sequence which can be found all throughout nature. This is present even here in the stock market! Human buying/selling behavior tends to revolve around key Fibonacci levels. It works, and it works **very well.** + +https://preview.redd.it/b6evhk49gw971.png?width=1283&format=png&auto=webp&s=f268ba97103ead1cc09a5b89b440fd9440f7420a + +Once a retracement begins and a top has been confirmed, we can draw a Fib Retracement from the previous extreme low to the extreme high. This will give us Fib Retracement Levels. If prices fall below the **0.236 level**, they tend to continue dropping to the **0.618 level** ***in most cases***\*.\* + +* Previous Extreme Low: $117 (March 25th) +* Previous Extreme High: $343 (June 8th) +* 0.236 Level: $267. Notice we fell through this pretty hard on June 10 +* **0.618 Level: $176/$177. Notice we hit this level today almost EXACTLY and bounced violently back to the upside.** +* This would seem to indicate that the current downwards retracement could officially be complete +* There is a small possibility that we continue dropping down to the 0.786 Fib Level of $147 before we begin our retracement upwards; however, given all other factors outlined in this post I see this as highly unlikely at this time + +*Weird... $176/$177 happens to also be the 0.618 Fib level from our previous High and Low? These coincidences just keep piling up...* + +# 200 Period Moving Average + +The 200 Period Moving Average has been **very well respected** on the 4 Hour GME chart. Any time GME touches or comes anywhere close to this line, it has had huge run-ups. + +https://preview.redd.it/stmdkjxs0v971.png?width=1201&format=png&auto=webp&s=4b08c721a67ad0e477da6849b38287c827d2d712 + +*Wow how odd?!? The 200 Period Moving Average today was at.... yes, you guessed it: $177* + +# Channel Support + +Since June 11th we have been trading in a descending channel with upper resistance and lower support levels (see the white lines below) + +https://preview.redd.it/gdpc0wqz7v971.png?width=1129&format=png&auto=webp&s=6aec79d2bcc258b6e51bf4dfd5feab9ff9d2d703 + +GME has tested these levels multiple times over the past month as you can see on both the upper and lower end. + +*Guess where the channel's lower support level is for today? Yep, $177* + +# Conclusion + +* Today's drop to $177 when measured on numerous different indicators is showing signs of a big reversal +* If this reversal turns out to be true, it should be enough to carry us out of the current channel and then back upwards to the upper $200's before continuing onwards +* Volume and volatility are beginning to pick back up. This is what we need for another move to the upside +* ***Reminder: I am not a financial advisor and this is not financial advice! :-)*** +There are tons of no avatar accounts. Obviously purchased accounts with enough Karma etc. +US guys that have been around for a while have seen it time and time again. +Whenever they get desperate they start to play dirty. We need to show the new guys how to spot and avoid these shills. + +Over using the word ape. Using phrases like "The plan is working" Being extremely specific in their comments almost as if their trying to paint a picture that can be used in court. Kinda like a really bad undercover cop trying to buy some drugs. Very SUS. It's not just on this sub it's on a few of the others. + +Tons of stuff like this. +"Hello fellow apes! I think that the plan is going well DRS is definitely the way that we control the price and destroy the brokers." + + I think the shills are trying to make DRS look like a coordinated effort to attack brokers. We can't let them. + +If you guys see something like this do not engage them. Do not reply at all. Simply report the comment for going against SuperStonk rules under No market manipulation and move on. + +There is no coordinated plan. I don't want to "bring down the brokers" I don't care about the brokers because I don't utilize them. + I DRS to protect my investment because I have no faith in the current system +Because the companies that are supposed to work for me and protect me work against me. + +We are all individual investors and we all want to protect our individual investments. We all found our way here by means of our own individual journey. + +Stay vigilant and report the obvious shills. +Recently I have been reading about the IWW and unions generally and I was wondering what you guys and gals of AusFinance think? +Are you a member of a union? +Do you support unions generally? +Given the current climate do you think we are going to see a resurgence in membership? +I have no children yet but I always hear from others that once you have children (or are planning to have them soon), you need to get a bigger house, bigger car (SUV) etc. Do you really have to? + +If I have a 2BR apartment and have a regular sedan, will I be compelled to trade up? I only plan to have 2 kids max, ideally only 1-2 years apart. Do young kids even need their own rooms? I can see it being an issue once they're 7 yrs and older and want their own space. + +I grew up overseas where small spaces were the norm and not everyone had cars, so I'm curious what it's like to raise children here in Aus. + +What has been your experience? +"In March [$ABNB](https://twitter.com/search?q=%24ABNB&src=cashtag_click) was cut to $18 billion by investors. Eight months later, Airbnb is a $100 billion company on IPO day. That works out to growth of about $10 billion a month, for a travel company, during a global pandemic. Enjoy your stay. It is the rare IPO with history of profits." + +$ABNB worth more than Bookings $BKNG ($87B company) +It's generally required for a parent to co-sign a minor's bank account in the US. Once you turn 18, the best course of action is to establish an account in your name ONLY so you have sole control of it. It would even be better if you can establish the account at a different bank/credit union than the one the minor account was in, to avoid any inadvertent connections between the previous and new account. Bank personnel can make mistakes and link up what they thought were similar accounts, or give close relatives unwelcome access to accounts in an attempt to be "helpful". + +There are several reasons for this. Stories of people who are still using the accounts they had when they were minors who are shocked when their money is suddenly taken away for reasons beyond their control are not uncommon. Parents can have financial problems and either use the money to pay off their debts or the money is seized by the institutions that they owe. There could be disagreements between parents and their kids over the kid's life choices, so they take the money away as a punishment or for control. It could just be selfishness and greed, so the parents decide to just take the money. Who earned the money in the account doesn't matter. If two people are named on the account, the money belongs to both parties and the bank isn't going to stop someone on the account from withdrawing the cash. Getting it back can be a difficult legal process, if it's even possible. + +Having your own account does not mean that parents can't send money if their child needs it. All they need is the account and routing number (the same information that would be on a check) to deposit money into the account. In addition, PayPal, Zelle, Venmo, or any number of banking apps are available they could use to send money if they're still financially supporting their kids or even just want to occasionally send some money as a gift. Other excuses may have good intentions at heart, but from a safety and security standpoint, it's best to establish an independent banking account. +Hi Community + +I would like the community to share and discuss long term view on Asian Paints. Grasim's has recently announced that it will enter the paint industry with a Capex of 5000 Crores. If things pan out as per plan, Grasim will become the second largest player after Asian Paints and will affect the profits of all incumbents. + +Asian Paint so far has been the clear leader, not necessarily because of its product quality but because of its stupendous distribution network and analytics capabilities. Arguably Aditya Birla group (parent of Grasim) are no strangers to the industry and building strong distribution as they have leading products in related industries: wall putty and cement (WallCare Putty, Ultratech Cement) . + +Asian Paints has been a consistent compounder over the last 2 decades. However is there more upside left in it. Is this the right time to divest? + +Disclaimer: Asian Paints forms the majority part of portfolio through inheritance. +Like many, I started selling options earlier this year. My primary sources for learning were [thebluecollarinvestor.com](https://thebluecollarinvestor.com) and [tastytrade.com](https://tastytrade.com). + +I determined performance vs the market by spreadsheet tracking a "purchase" of shares of SP500TR every time I added money to my account, then comparing EOY values of my account (after taxes) to the SP500TR value. + +I used as underlyings dividend aristocrats and a few others that I felt were high quality companies that will pay reliable, growing dividends in the future. My list that I sold puts or covered calls on in 2020 is: + +ABBV + +AFL + +AMCR + +AOS + +BAC + +BEN + +BMO + +BMY + +BTI + +CAH + +D + +DUK + +ENB + +GD + +GILD + +IBM + +IVZ + +JPM + +KO + +LEG + +MET + +MMM + +MO + +MRK + +OZK + +PBCT + +PEP + +PFE + +PM + +SO + +T + +Ul + +UNM + +VTRS + +WBA + +WU + +XLE + +XOM + +I sold some weeklies at first but mostly did the 45 DTE target a la Tastytrade. + +Here are my mistakes/lessons learned for the year: + +1. **Not understanding how to use portfolio margin responsibly.** This is one of the two primary reasons (taxes being the other) my taxable account barely beat the market. I started out in March only selling cash-secured puts thinking naked puts were too risky. Tastytrade has some good back tests showing that up to 60% of buying power could be allocated through events like the great recession without blowing up. Much later in the year I starting to target using 25-30% of my buying power instead of only selling cash-secured. Had I done this earlier my returns would have been greatly enhanced. +2. **Taxes take a huge chunk out of returns in a taxable account.** I'm in a higher tax bracket so that matters but it is almost to the point of the effort not being worth it. With my adjustments going forward and using a touch of margin I think 2021 will be much better even taking taxes into account, but if I am wrong and it is not then I will need to re-evaluate this strategy in my taxable account. **Edit for clarity:** I am in a \~35% combined federal+state tax situation for short term gains. My "beat the market by 0.5%" calculation is after paying 35% of my gains in short term tax and 15% on long term gains/dividends. +3. **I committed fully to positions too soon, which did not allow me to add to them when better opportunities showed up.** Two tickers this happened with were IVZ and WFC. I had committed full positions to each, and then they dropped significantly lower, which should have been an opportunity for me to grab more. However I just wasn't comfortable doing it because of a nagging voice saying "what if you're wrong and they go bankrupt, that would be too big of a loss to take." +4. **I Figured out too late that I needed to roll out and up before getting deep itm on calls.** Because of this, I have some June WFC 27.5 calls that I wish were at the 30 strike instead. Cost basis on the shares is $25.02 so it's still a gain but it could be a better gain if I had acted sooner. +5. **I Figured out too late that I really want to be long stock and sell options around my positions.** I let KO, PEP, SO, MET, LEG and AOS get called away at some great prices. All for a profit but I wish I had rolled my calls out and up. +6. **I Bought back some calls in June for a small profit when I was sure the underlyings were going to pop.** They never popped. I could have just kept them on and collected all the theta. I guess this is the option equivalent of market timing. +7. **I got assigned some BTI 40 puts early**. I was planning to roll these until I was right, and it was a surprise that they got assigned to me early. I had expected that was possible with it covered calls, didn't realize it could happen with puts too. +8. **Order entry mistakes can happen.** Using the web version of my broker I sold 10 puts when I wanted to sell 1, and I sold in my taxable account when I wanted to in one of my IRAs. The web interface is just clunkier. Thankfully the options I sold too many of had narrow bid-ask spreads and the loss correcting the mistake was only about $2 total per contract. +9. **I sold some PFE puts not realizing they were about to spinoff VTRS.** This meant my adjusted puts would become much less liquid. I bought them back at a small profit thinking I needed to avoid the illiquidity of having adjusted options. Now that I know whats up I can be prepared for IBM later this year. +10. **I took some months off from actively monitoring my positions.** I know this cost me because I didn't buy things back at 50% profit for most of June, July, August, and September. I was just mentally fried at the time with quarantine, having homeschooled the kids, and everything else going on. This is an active strategy and taking time off = money lost. I've since trimmed the time commitment but when the market has a big day I need to take the time to redeploy capital to keep the returns flowing. +11. **I don't even know why I am comparing returns to the S&P.** If I was long all of my underlyings that wouldn't compare to the S&P, so I am not sure of the point, other than to make sure what I am doing is worth my time vs buy and hold SPY. + +If I can think of more beyond that 11, I'll edit them in. + +Hopefully this is helpful to others just starting. Hope you have a profitable 2021! +* Where are you from? + +* When did you first learn about FatFIRE? + +* What were things like for you at 25? + +* When did you hit FIRE / When will you hit FIRE? + +* What's your industry? + +* What are your hobbies? + +* If you could do it all again, what would you change? +Curious to hear the many possibilities/ideas. Paying off debt is nice and provides a guaranteed return. Markets are still down considerably from their 2021 highs. +I have been investing for over 2 years now, mainly ETFs and Funds; however, after building more confidence in my theory and strategies, I decided to also include stocks at the beginning of 2020. + +I currently hold 8 stocks, one of which is in ARGO BLOCKCHAIN PLC (ARB:LSE). I've got in for 1k at around 5.6p and I've been averaging up as the fundamentals/share price improve. As of writing, they are up 46% (55p) and I have managed to make unrealised gains of > 10k (in profit). + +**Quick DD:** + +They are a cryptocurrency miner, with infrastructure in Quebec, Canada, and have 18k mining machines. ARB is the most efficient miner on the market!!! And by far the smallest market valuation!! They had a massive spike today as Reuters reported: "Mining revenue in Dec amounted to £1.63 million \[....\] with an average monthly mining margin of 60%". They also state that the company's equipment leasing agreement is set to deliver and is expected to be fully operational by February 2021 and add 430 petahash. + +\[link:\]( [. (refinitiv.com)](http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20210105:nBw67fXLma&default-theme=true)). + +Ownership - 32M is owned by Investment Managers and Funds. This trend has increased in 2020 from 2019. + +Some may be asking: "Oh, it had a massive run-up today, can I still get in?" My personal opinion is yes. To forecast future profitability, one needs to consider various bitcoin prices, mining difficulty, mining capacity and etc. To start, let us look at how its peers (the major players in the US and Canada) are valued as they are doing exactly the same thing but are much more mainstream and widely held by investors. When you do that you realise how insanely undervalued ARB is and how much there is to catch up now even without an increase in bitcoin price. For example, look at ARB compared to marathon in the US. ARB currently has 3x the hash rate (which is the mining capacity, i.e. how powerful it is at mining bitcoins) yet Marathon is nearly $1bn market cap, and ARB is a tiny $60m market cap. + +ARB mined bitcoin in November at 57% operating margin, some of the US peers are mining at negative margins. As you can see above, they forecasted to increase this margin further. + +Despite making good money on ARB I continuing to hold (and buy more each month) until either mining margins and mining capacity are in line with its peers or if the fundamentals negatively change. + +Just to finish, I am not advising anyone to buy this stock. You have to do your own research. Just wanted to share (in my opinion) a really good stock that I am long on. +So I work at a casino, I've worked there for 7 years in housekeeping. Ive invested so much time and work here getting a good reputation and my annual raises have added up over the years. I don't love it but I've had FAR worse employers. + +If I left my job its unlikely I will be rehired and my workplace is one of very few in the area that pays a decent wage for someone with no real skills. + +I am terrified of leaving because I know all that awaits are minimum wage jobs and bosses that won't treat me as well as they do at the casino....yet I know that getting covid19 is only a matter of time. + +It feels like someone is pointing a gun at me but they won't tell me when they are going to shoot or how lethal of a spot they will aim. + +I just cant believe they allowed casinos to be open, they should be shut down for a few years and I should be getting unemployment. And I'm not saying that because I'm lazy. + +I have too much into my job and there are no good employers in my area...its way too much risk for me to leave what little I have. + +Anyone else just plain stuck at a high risk job just waiting for your number to be pulled? + +The worst part is I'm just stuck here to continue to work hard and sweat for my poverty level wages and I could bring this back to my father who is over 50 +After a lot of grinding and sacrifices i’m now on a comfortable path to FatFIRE. I can finally see the end of the tunnel, it’s just a matter of time. With my monetary goals mostly secured, I’ve been thinking about other goals: spiritual, family, health, etc. + +I was reading a recent post from a FIRE blogger saying that he wished he had had kids earlier so he could have had more. I also had a chat with a friend who said that he wished he had behaved more honourably in some of his business dealings. It would have only added a couple more years to his FIRE date, but he would have been able to hold his head high in certain social circles where he is ostracized now. + +What are some other lessons you guys have learned? +Got a job off for $28/hr. That's a raise from 23.80 for me. + +Current insurance cost is $250/month for my wife and I. Medical, dental, vision. + +New job offer wants $727/mo th. Medical and dental. No vision. Comparable plan. Almost exactly the same. + +That new cost is 18.8% of my take home. This seems high... I asked to negotiate pay or cost of insurance but they've resisted so far. + +Thoughts? + +I'm in New Hampshire if that matters. Current company is big, New company is 50 ish employees. + +UPDATE 1: + +The coo I've been communicating with says he sees where I'm coming from and asked what I needed to make. I told him $35 as I hope to get $33. The add I applied to actually stated 35 was the bottom of the pay range so that's where I'm going to aim for. +Let’s assume that the price of ETH is impacted by transactions on the ethereum mainnet. Would adding tokens like BAT for example to coinbase increase the number of transactions on ethereum or no? +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/ywAGqfUAQE). +We are building an RPG with collectibles, on the blockchain. Because of this, we really want to make sure we get the in game economy right.I'm looking to find someone who firstly has a degree in Economics and secondly someone that understands these types of games. I have a decent background in math, but I don't trust that I'll be able to get everything as fine tuned as someone with actual qualifications. + +Is this a thing, and where would I find them? How much would I expect them to charge? + +My biggest concern isn't that I can't solve problems as I think of them. It's that I won't even see a problem until it is too late. Any help would be appreciated. +Hi all, I've been watching this forum for a while now and have learnt a lot. My situation is a bit different from others. I work in a remote part of the NT as a teacher and what has really helped me save money is that I live in government housing, so all bills are covered. Rent, electricity, water everything. I also get a 8k food allowance, a retention bonus and 3 flights back to Darwin a year (for the family) + +This is my 7th year as a teacher and I am currently saving $1000pw supporting a family of 3. When I recently applied for a loan the banks took my living situation into consideration and were happy to increase my borrowing capacity. + +I don't want to brag about my situation. I feel very lucky to have stumbled into it and having seen a few posts recently by people who seem to be struggling to save money I thought I'd share my experience. + +It's not just teachers who are well paid. The tradies out here earn 200k and get fortnightly flights to Cairns or darwin and pay for literally nothing while in town. + +I guess what I'm saying is that if you've in a rut consider remote NT as a place to save money and PM me if you're interested in moving out here and don't know where to start. +My dad is kicking me out without notice now that I've finished school. This is so sudden that I don't have the time to find a better paying job in time before I get kicked out. It could be weeks or months until a better job takes me up. I've worked a pretty lowly part-time job while being a student that only pays $8.50/hr, $800/month. I've got $7000 saved up in a checking account with my only expenses so far being car insurance. + +Could I afford an apartment (Lees Summit, MO if that's relevant) if I found a roommate? Am I going to be homeless? What is there for me to do? +Totally ridiculous. I was thinking about buying if they could clear up these concerns I had but nope, they just banned me. This coin will never be successful because it is run by complete idiots. Isn't it ironic? They want to replace ISPs like Comcast yet they're the most authoritarian and centralized crypto group I've ever seen. It's a damn shame because the coin seemed promising but it is clear now that it was all a lie. + +https://i.imgur.com/h7IgDhS.png + +Lesson learned: If a coin ever promises to be everything and more, it is a lie. If it sounds too good to be true, it usually is. + +Edit: I may have overreacted. https://i.imgur.com/L83x85q.png + +I do not believe Skycoin is a scam anymore, but they have very poor community relations. I will still invest since the technology looks promising but they need to work on how they deal with and represent themselves to investors and potential investors. +$HODL is causing disruption in the financial industry with its frictionless yield farming and liquidity generation protocol. You EARN FREE BNB everyday by simply holding $HODL in your wallet + +💰HODL investors are earning FREE $BNB everday 💰 + +$HODL launched with its platform and daPP ready and their investors are claiming free BNB everyday! The excitment around the project is gaining more momentum by the day. It is the worlds first Anti Dumping Deflationary Rewards Token + +**Every transaction is taxed 10% and distribution happens as below :-** + +\- 4% to BNB Rewards Pool + +\- 4% to Liquidity + +\- 2% Re-Distributed to Holders + +HODL is also a deflationary coin with 25% Supply Already Burnt and 0.5% of every transaction gets burnt as well. + +**Features:** + +\- Anti-Whale Mechanism + +\- Highly Secured + +\- Built for the Community + +\- Transaction (Sell/Buy) that trade more than 1% of the total supply will be rejected. + +\- Whales who make transfer (between 2 wallets) that is larger than 1% of the total supply will be charged 1BNB which will further be donated to Charities + +**For more information:** + +Telegram: [https://t.me/hodlinvestorgroup](https://t.me/hodlinvestorgroup) + +Website: [HodlToken.net](https://hodltoken.net/) +Shortest TLDR of all time - This dip is still the aftermath of Elon's FUD. Elon triggered the dip, but it was coming anyway. + +This happened when Bitcoin was hitting critical support levels, and now we are seeing a *temporary lapse in the ongoing Bull market.* Before we get into it, just be aware that this sort of event has happened before, many times. + +Why the dip is happening: + +1. People traditionally use the combination of Bitcoins 21 week EMA and 20 week SMA to find what they call a "bull market support band". +2. When Bitcoin is not above at least one of these two levels, it is seen as a reliable indicator that the entire crypto market is due for a correction. Every time this happens in a Bull market, we see a dip. A move like this usually precedes upward movement by BTC, followed shortly after by a larger move from ETH. +3. Elon trashed Bitcoin *specifically*, driving Bitcoin down below these levels, where it is currently sitting. This was the red flag for many traders to sell a local top, sparking a dump. +4. Due to speculation on this being the end of the bull market (it isn't) we are seeing the dip. We may continue to fall until Bitcoin again breaks back into its support band. The expectations for EIP-1559 in July may mitigate a lot of the downside for ETH, but we can't know. +5. Typically a breach of the bull market support band lasts about a week. We are on day 5. + +What you should do: + +1. **Do not FOMO into selling a local top** with the intent to rebuy at the bottom of the dip. Unless you're a skilled TA, or just really lucky, you have a high chance to screw this up, trigger a tax event, and pay fees twice. Remember the difference between short and long term capital gains is about 10% of your total profit! It's not worth the risk if you were here for the long term already. +2. Watch Bitcoin if you're looking to buy in. When Bitcoin starts to see support again, ETH has a really high chance to jump +25% in a matter of days. +3. Everyone has diamond hands until things get shaky. Just remember "The market is a tool to transfer wealth from the impatient, to the patient." For the sake of your own wellbeing, do not sell low. +4. We will go back up and set new all time highs, this is something that *literally nobody* debates, so close your chart, and relax! + +**EDIT:** Watching live! As of 8:20PM CDT, after a bounce 2 hours prior, BTC is not currently holding the support band at around $46K. This dip may continue. I will keep watching! + +This is not financial advice, I am not a financial advisor, make your own decisions, you know the drill. + +Take care all ✌ +Huge hit today- market is giving us bigger gifts as the days go by. Aside from the fact that they are an insanely good business fundamentally (intrinsic value $300-$375, even according to conservative sell side targets), they are China’s baby but listen- + +If they wanted to hit them hard they could’ve when they only fined them $2 billion which is only below 5% of their annual revenues... HAHA... so if they really wanted to get them, why didn’t they do it then??? This shows us Alibaba isn’t really at risk.... +Thought this was pretty interesting. An article today saying that many Brits have less than £500 of money in their accounts. + +80% seems worryingly high. + +https://www.cityam.com/lloyds-chief-warns-80-per-cent-of-all-brits-have-less-than-500-in-their-account-as-army-of-people-in-debt-skyrockets/ +I can’t be the only one who watches countless videos of institutional traders say “retail is so dumb, they use stupid strategies and their technical analysis is stupid. I never use technical analysis” yet they NEVER give a good description of what methods they use. In interviews, there’s a pattern of: +-Interviewer: What’s the most common mistake retail traders make? +-institutional trader: It’s certainly using technical analysis. Moving averages, indicators, random lines etc. +-Interviewer: So what strategy do you use? +-Institutional trader: *beats around the bush + +If it’s not technical analysis as we know it, then what is it? Do they just show up to a desk and spam a keyboard? What do they do? + +After about a year of learning to trade, I’ve become quite frustrated from listening to all of these “pros” say that certain things are bs without saying what isn’t bs. +I’m pretty pissed and have been for a few months. + +I’ve worked with all my tenants. Waived late fees. Sent rental assistance applications. + +Offered toilet paper, hand sanitizer, and food when things were tough. + +4 of them have been super appreciative. We’ve made it work. They’ve caught up or are very close. + +The 5th has lied continually. And sent $50 - “it’s all we have” as they just got a new car. “We’re trying. We got a new job” as they got promotions and started a company. + +They are now 7 months behind. And have blocked my number, email, social media, and will send a message every 3-4 weeks “we’re trying to catch up.” I wanted to believe, but the signs are clear. And in 3 weeks I’ll be moving with eviction. Just pissed at the situation and them for obviously being fine thru this crisis and taking advantage of laws. + +Really makes me want to sell all my properties and hate people. Someone talk me off the ledge one way or the other. +I understand basic crypto investing but not the stock market. I understand some crazy event could make the gme 185 dollar stock sky rocket as much as 100,000 % or more? What are the chances of that happening and when? Like for instance, with crypto I can say with the 4th quarter of the year it is likely that x will happen, is it like that for gme? + +Edit: I pulled out my crypto investments and put it all in GME, am I dumb? Probably most certainly yes right + +(Why are you people awarding me) + +(( seriously, if you guys are spending money on Awards to award meet please do not. If you would like to award me something please instead take that money and use it on yourself or a loved one.)) + +((I am overwhelmed by your awards, and thank you for those of you who are being honest about GME stuff))) +Hi all, + +Live in MCOL city and trying to get a safe deposit box at my local neighborhood bank branches (think Wells, Chase, BofA) but there’s a 2-4 year waiting list. Wells Premier Banking and Chase Private Client apparently don’t get any waitlist jumping privileges. + +Anyone know a better route to go for safe deposit boxes? Family has about $1.5-$2M cash in savings/checking to move around if that helps us get higher on the waitlist - if not, should we be looking elsewhere besides neighborhood bank branches? +I've often come across advice that suggests you shouldn't invest a chunk of your savings into an ETF (e.g., VWCE) if you might need the money in a year or two, or even less. Often, the suggestion might be to only invest in this stream if you don't need the money for several years, or a range of 5 to 10, or more. + +Why, exactly? I understand that in the short term there is high variability and you might end up in the negative if you need to take cash out by selling the shares. But isn't that the only consequence: that you might sell at a minor loss? I say minor because, most likely, unless the market crashes or we plunge into a deep recession, that's what the losses would be – and maybe that's the cost of needing to sell the shares to cover an emergency. And, even if you're down 10–15%, you don't need to pay taxes on that when you sell. + +Worth noting is that for stocks in general, I can easily understand this advice, considering the high volatility. Crypto even more so. But ETFs are inherently less volatile than both by a great degree. + +Did I miss something here? Curious to hear your thoughts. +I was looking through WealthSimple and there seem to be (not literally) hundreds of them all at various prices. How would you go about making a picking the correct one? They all seem to have similar returns over the past 5 years (following the S&P500 I would assume). +To those outside Superstonk, + + I hope this helps you understand some of why we are here and love GameStop so much. + +&#x200B; + +**TLDR: Did the shorts close?** No. Thank you for coming to my TED Talk. + +**Intro** +There is one question, in my opinion, that stands above all others regarding my investment in GME. Did the shorts close? If shorts did close, there would be proof, we would see it in the data, the media would stop talking about GME negatively, and this sub would have no real reason to continue. If the shorts did not close (*hint: they did not*), well now, that is where things get interesting... + Let's rewind and do a quick refresher for anyone not familiar with shorting and covering vs closing. + **What is shorting?** + + When you short, you make a bet against a company. It's like the reverse of buying a stock. Instead of making money when the price goes up, you make money when the price goes down.Easy enough, right?How is it supposed to work (yes, this is the best case most good : Legal shorting of a stock can be done in just 3 easy steps. + +1. Find someone willing to lend you their shares, for a ~~small~~ fee of course. This can be done automatically with most brokers and a margin account. +2. Sell the stock! Get that sweet, sweet cash, but wait... I sold something I borrowed, so what about that little stock loan? +3. Buy the stock back, hopefully at a much lower price that what you sold it for, you keep the difference and the original owner get's their shares back, and they get to keep those lovely fees. + +Wow, shorting sounds like a great deal, everyone wins! Except maybe the business and anyone hoping to sell their shares while they were being shorted. Closing, Covering, who cares? Same thing, right? Not exactly. Covering a position could be done a few different ways without ever closing the short, let's say person A from above wants their shares back, but wait, I don't want to be out of the short yet, so what do I do? I better cover that short. But, I don't want to buy back the stock, and lose money, no way! Maybe someone else will lend their shares? YES, exactly, so I take my freshly borrowed shares and give them to the person that I originally borrowed shares from. I COVERED my short, but you better believe that the person I borrowed that last share from wants their stock back. To put it in every-day terms: I owe $5000 in credit card debt, so, I use a new credit card to pay off the old one, I covered my debt with the first company. Do I still owe $5000, to someone? Or another example: I borrow $20 from you, you want your money back, but I don't have $20, i spent it already, so now I borrow $20 from my "friend" Kenny, I use Kenny's $20 to pay you back. So I covered my debt with you, nice! But did I close out my $20 debt? Got it? Great! There are many, many, good things on Superstonk about how short positions can be hidden via options, swaps, etc... that's all great DD, and you should totally read it, so let's move on. + +&#x200B; + + **DID THE SHORTS CLOSE?** + + Closing a short position means that all the shares borrowed, through all the various methods, like stocks, options, swaps, whatever, have been settled out and closed. You don't own Jack, Jill, or Ryan any more shares of stock, all your stock debts have been repaid. For an individual this would be like having paid off 100% of your credit cards, personal loans, mortgage debt, etc... not just moving from one kind of a debt to another, via balance transfers, new loans, or refinancing. So I ask you again, have the shorts closed?If so really believe that? Where is the evidence? It should pretty easy to find, right (HAH!)? Just a quick aside, from the bottom of my heart, please, please, please try to prove me wrong. Try to prove US wrong. Back when GME first started to micro-squeeze (AKA "The Sneeze"), it looked like easy money to bet something "worthless" going back down in price. I tried to prove out my thesis and ended up at a realization. It would be insane to bet **against** this stock, way too many people were already short, and there's no way that they could have all closed their positions. Remember kids: A short seller today is buyer tomorrow! **TRUTH TIME** + +1. **Just how short were/are they?** Original short interest in Jan/feb 2021 was CRAZY HIGH - Reports at time showed over 100% with lawsuits against Robinhood showing nearly 200%. That means 2x more shares were sold short than even exist, the real number may have been much, much higher. +2. **Didn't everyone sell their shares during the sneeze?** Insiders didn't sell, institutions sold some but not enough, and there's enough OGs on this board to see how many people didn't sell. +3. **Ok, but maybe people have sold a lot over the last 1.5 years?.**.. No, just no. Every piece of evidence we have says the opposite. + 1. Superstonk has continued to grow both total and number of active users. + 2. Using Fidelity buy/sell ratio as an indicator, we typically around 90% buys vs 10% sells, every... single... day... + 3. Direct Registered Shares (DRS, look it up) account for 50% of the free float (free float is not owned by insiders or big investors that are required to report holdings). 50%! That's not even considering all the shares people have in regular brokerages and retirement accounts. ([https://www.reddit.com/r/Superstonk/comments/w7hzk1/gme\_daily\_directory\_new\_start\_here\_discussion\_drs/](https://www.reddit.com/r/Superstonk/comments/w7hzk1/gme_daily_directory_new_start_here_discussion_drs/)) + 4. Would you like to take a survey? ([https://www.reddit.com/r/Superstonk/comments/oxjv1n/google\_survey\_update\_gme\_ownership\_w\_aapl\_control/](https://www.reddit.com/r/Superstonk/comments/oxjv1n/google_survey_update_gme_ownership_w_aapl_control/)). Using randomized survey data some very clever Apes were able to show retail owns 200-300% in the US only, conservatively. Let me say that again, because this is my absolute favorite one. Taking the numbers from a google survey of random people, and assuming the low end on everything from the results, and still there are far, far more shares owned than should ever have existed. Bonus from the Germans ([https://www.reddit.com/r/Superstonk/comments/oyjjr5/google\_survey\_for\_germany\_germany\_owns\_the\_boat/](https://www.reddit.com/r/Superstonk/comments/oyjjr5/google_survey_for_germany_germany_owns_the_boat/)) + +**So what does it all mean?**It means that the hedge funds, brokers, oligarchs, trust funds, family offices, and everyone else needs to buy GameStop to cover their short bet. So why haven't they? Most shorts were originally entered (pre-split) under $10. Yes, some did short sell more at the peak of the Sneeze, but it's not the dollar figure that counts when trying to close, it's the shares still owed.For those original shorts, to close today would mean a massive, massive loss of over 1500%, per share (GME just did a 4 to 1 split, pre-split the price was around $150). and that's not even counting what happens to the price when you try to buy every single share two, three, or ten times over. Supply and demand is a harsh mistress. In close (pun intended) I would like to pose a few questions. + +1. If shorts closed, where's the evidence? +2. If shorts did not close, where's the evidence? (hint: check the DD on SuperStonk) +3. What do I have to lose by buying a few shares? +4. What do I have to gain by buying a few shares? (hint: MOASS) + +This is what I call **asymmetrical risk/reward opportunity**, or a once-in-a-lifetime opportunity. The current price of GameStop makes it a 10B company in terms of market cap, this is a company with zero debt and a large cash balance sheet. This is a real company with a new executive team put in place over the last 18 months, a technological and service transformation in progress, and a chairmen and team of people with proven track records of creating outstanding growth and results. If Gamestop were a startup, it would be a unicorn. Let's be ridiculous and say, the MOASS never happens (we just have to ignore all math, logic, laws, and common sense, and everyone has to give up and go home), GameStop would still be a good investment, and one I would happily make today.But, the MOASS will happen, it has to happen, there is no other way out, we own the company, they can pretend all they want but we know what we are owed and it's only a manner of time until this rocket takes off. Yes, the dividend may help accelerate things, any illegal naked shorts just upped their obligations 4x. Yes, there is a new NFT marketplace with over 10 million in sales in just a few short weeks of beta testing. Yes, GameStop could, if they want to, give every single shareholder a blockchain secured dividend that would prove 100% all the lies and shady practices of the shorts. Yes, I'm in this for more just, fair, and true society and real, long-term change to the system. The shorts did not close, and every single short position opened must eventually be closed (Naked shorts, yeah)This is our time, this is our chance! The only way we get there is to hit them where it hurts, 2008 was prologue, this is the end-game. Non-financial advice. Buy, Hold, DRS.[https://www.reddit.com/r/Superstonk/comments/w7hzk1/gme\_daily\_directory\_new\_start\_here\_discussion\_drs/](https://www.reddit.com/r/Superstonk/comments/w7hzk1/gme_daily_directory_new_start_here_discussion_drs/) +I've been wanting to write this for a while. A while back I hated my job. I was working 80 hour weeks and getting paid doo-doo for the effort. In response I wrote up an "escape plan". It included a bunch of ways for me to replace my income, but it also included a ton of ways to save money without changing the quality of my life. + +I spent hours and hours making this thing, so that I'd have a plan to follow. Good news, I got out of that hell hole, more good news, the money-saving piece is relevant to almost everyone so I figured I'd share all the ways I found that can help you save a crap ton of money without really having to change your life. + +So without further adieu. + + +* **Change your car insurance:** Car insurance companies make most of their money on old clients. Once you get past a certain age, they creep your rates up ever so slowly. They are willing to discount your insurance when you switch. + +So we shopped around, found the lowest quote and saved a crap ton on the discount they were giving us. This was an easy one-time change that affects my life 0. + +**Before:** $196/month +**After:** $116/month +**Annual Savings:** $960 + + + +* **Threaten your internet provider:** Every internet provider offers promotional rates for your first year, then hike your bill after your first year. I've never had a problem giving someone a call and telling them that I want to move to another service because they are offering a promotion. Every time they offer me their promotional rate. This is a once a year phone call that saves you a decent chunk of change. + +**Before:**$69.00(lol) +**After:** $45.00 +**Annual Savings:** $288 + +This won't work if there is only one provider servicing your area. Sorry Comcast Slaves. + + + +* **Switch your phone plan to Mint Mobile, or Red Pocket.** These are services that piggyback off of major mobile phone network providers at stupid discounts. 2 lines on Mint is something like $15 a month. It's stupid how cheap these lines can be. Their service is quite good as well. + +**Before:** $180/month +**After:** $30/month +**Total Annual savings:** $1800 + + +* **Use a few Credit Cards like a debit card:**. If you're in the middle of crawling out of CC debt this is particularly bad advice. But if you are basically debt free, and can responsibly use your Credit card like a debit card; paying it off as you go, you can save a bunch of money. Basically, every expense besides my mortgage goes through a credit card so I can reap those sweet sweet rewards. + +Between 3 cards I get rewards that include: + +5% on gas + +3% on Dining Out + +2% on Grocery stores and CostCo + +1.5% on everything else. + +Essentially these are discounts on everything. + +**Before:** $0 +**After:** +$30/month +**Annual Savings:** $720 + + +These savings are based on expenses between my fiance and me. + + +* **Oil Change Coupons:** I refuse to be a coupon lady. Partly because of my Y chromosome, but also because the time it takes to effectively coupon is not worth it to me. I'd rather do anything else. But Oil Change Coupons are very easy. You have to get your oil changed at least once a quarter, and googling a coupon for it works 100% of the time. You should never pay full price for an oil change. + +I'm sure some of you are also saying *But Foofy, you could save more by changing your own oil*. To that I say *Sure, but I don't want to change anything in my life and the hourly savings is like $5. Printing a coupon is easier* + +**Before:** $70/Quarter +**After**: $50/Quarter +**Annual Savings:** $80 + +Not a lot, but seriously this one is so easy. + + +* **Buy a smart thermostat:** I wasted a ton of money by heating an entire house for the sake of my pets. They are going to sleep in a sunbeam no matter the temperature so there's lots of savings to be had here. You could just remember to turn down the heat/air everytime you leave the house, but that would require me to change way too much about my habbits. Instead, a smart thermostat. Hard to give you the "before" on this one but here we go: + + +**Before:** ?? +**Monthly Savings:** $13.5/Month +**Annual Savings:** $135 + + +* **Utilize an HSA**. For those that don't know an HSA is a "Health Spending Account". The way it works is you put money into it directly from your bank account, and all of that money is tax free. It's basically a free 25% money back on health expenses depending on your tax bracket. I grow moles like it's my job, and in order to avoid dying of skin cancer I have to get them removed constantly, this tacks up my health bill may be a little higher than most but still, here's the savings I had, yours will likely be more or less: + +[I can hear it now, "But my employer doesn't offer an HSA", you can actually contribute to an HSA without your employer](https://20somethingfinance.com/contribute-to-hsa-outside-of-employer-payroll-deduction/) + + +**Before:** $2000 +**After:** $1500 +**Annual Savings:** $500 + +[Here's an HSA savings calculator](https://www.wageworks.com/employees/support-center/hsa-savings-calculator/) if you want to figure out what you can/should contribute. + + + +* **Cancel your UnusedGym Membership:** If you don't have one, well then you can't do this one. If you have one and you consistently use it, well then don't cancel it. That said, gyms expect only [18% of people to consistently use thier facilities](https://www.creditdonkey.com/gym-membership-statistics.html) So there's a good chance that many of you (like myself) Can cancel their membership without affecting their life. The 3x a year you convince yourself you're going to get in shape you can just go run outside instead. + +**Before:** $20 +**After:** $0 +**Annual Savings:** $240 + + +Alright, that's all the easy stuff you can do without changing your life. **The grand total for us came out to $4,723.** Just shy of the $5k I promised. To be fair I did put a "~" in front of it. + + +Not everyone one of these is going to be applicable to every person but I hope you were able to find a few nuggets in here that could save you some money. + + + + + +Edit: Someone noted my wonky math that CC rewards didn't add up. I forgot to double the amount with my fiance which doesn't perfectly work but is not far off. Keep in mind that $1500 in expenses each going through only our 1.5% CC would yield $22.5 each. Not including all the optimizing we can do. She has 3% on online shopping too so $60/month between the two of us in rewards is not that far out of the realm of possibility. + + + +Hi Financialindependence.. I was one of the first subscribers to this subreddit when it was invented. It is an honor to be doing this session! Feel free to throw in some early questions. + +---- + +Closing ceremonies: This has been really fun, and hopefully I got at least a few useful answers in there amongst all my chitchat. If you read the comments from everyone else, you will see that they have answered many of the things I missed pretty thoroughly, often with blog links. + + It's 3.5 hours past my bedtime so I need to hang up the keyboard. If you see any insanely pertinent questions that cannot be answered by googling or MMM-reading, send me a link on Twitter and I'll come back here. Thanks again! +**AMCs guilty of doing this** - Axis, DSP, HDFC, ICICI Pru, Nippon, SBI. + + +**Equity hybrid/Balanced/Equity savings funds which are getting affected**: Axis Equity Saver Fund, Axis Dynamic Equity Fund, DSP Equity & Bond Fund , HDFC Balanced Advantage Fund, HDFC Hybrid Equity Fund, HDFC Equity Savings Fund, ICICI Pru Balanced Advantage Fund , ICICI Pru Equity & Debt Fund, SBI Equity Hybrid Fund, Nippon India Equity Hybrid Fund + + +**Imagine being exposed to the volatility of equities and the credit un-worthiness of AA and low A- rated papers.** That is that the fund managers of these amazing funds are putting the investors through. All while charging a hefty TER of >1%!! Jeez. + +All these funds are just snake oil. An average investor really needs only liquid funds + index fund. + +https://themfguy.com/2020/05/19/some-mutual-funds-transferring-credit-risk-to-hybrid-funds/ +This SP target for MNS is theoretically reachable if their factory keeps expanding quickly now that they've got all approvals and certifications in order. Site for the next 4 GWh already being prepped nearby in parallel to current ramp up and they have existing plans to get to 10 GWh then seek further support to grow to 38GWh (currently at pace for \~0.5 GWh early 2023). SP action can price in expectations of future growth thus such an ambitious target. + +I mean if NVX could hold a $1B market cap for selling a few million dollars worth of TESTING equipment, MNS should have its time in the sun as a $10B company for eventually hitting $100-200m EBITDA in the 2024-25 timeframe with its leading position in cobalt-free high performance batteries. Audacious I know, but that's what I think this sub is about :3 + +&#x200B; + +So if I win this bet, it will take some time to select/purchase the land, plan and grow the logo etc, but I will document the entire process here, and name trees after mods/users that chip in to the cost of the maintenance of these trees; or those who MNS cult follow with me. The latter will get the trees that's part of the sunglasses (minimum holdings $10k principal). + +Maybe I'll even set up a public company to run this operation. We can vote on the ticker to apply for I guess (SAP? GUM?) + +&#x200B; + +And if I lose this bet...**I will take a 2 year ban.** + +&#x200B; + +P.S. and for those wandering about [my last bet](https://www.reddit.com/r/ASX_Bets/comments/kobkeb/if_lrs_hits_20_cents_in_2021_im_going_to_support/)...I still do send money to my Filipino friend's family despite losing my 20c LRS bet. It got to my target price in the end but took longer than my deadline. I won't make this mistake again and sell early. HODL +Appreciate that this is not strictly UKpf but Tesco meal deals are a work lunch staple for many across the country and a 13.3% increase for a frequent lunch will take its toil! + +And, arguably more importantly, a big sign to come if Tesco cannot continue absorbing cost increases! +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). +Thinking cap on: for a market misperception to make sense, there needs to be a broader expectation by the market that in the long run, the market will perceive things accurately. There needs to be some sort of trust in the market as a long run weighing machine. Hypothetically speaking, you put enough GME apes in, and you no longer have that, with hedge funds fueling the fire to get their own bag. A [WSB sentiment ETF is even beating the market.](https://getquantbase.com) (which I think is pretty brilliant tbh) + +Now, I still firmly believe in value. But for me, what it would take to say it's dead is probably another two to three years of what's happening right now. At that point, high risk investing is no longer a fad (would be about twice as long as tulip-mania) and the "investors" that entered the market to make a quick buck and then got burned, still have their loss porn communities to come back to and start again. Is this all a naive take? Would love to hear some intelligent discussion. +This link will take you to a list of SEC filings with currently 122 "Annual Proxy Voting Reports", from firms that voted in GameStop's Annual Meeting in 2022: https://www.sec.gov/edgar/search/#/q=gamestop&dateRange=custom&category=custom&startdt=2022-01-01&enddt=2022-10-06&forms=N-PX + +Those reports show exactly how each institution voted on all of their holdings. When you click on a report in that list, it takes you right to the results, and you can see who voted against GameStop's proposals and who voted for. You can see who voted against the 1,000,000,000 authorized shares for the stock dividend, and the names of those firms. + +You can click through the filings there and look at the votes. I already scanned them all and took screenshots, here are the results. + + +### Voted AGAINST Increase in Authorized Stock to 1,000,000,000 Shares: + +* Advanced Series Trust: 📄[Filing](https://www.sec.gov/Archives/edgar/data/0000814679/000168386322005656/f22938d1.htm), 👉[Votes](https://i.imgur.com/Kg7FA6w.png) +* Adviser Managed Trust: 📄[Filing](https://www.sec.gov/Archives/edgar/data/1502608/000113542822000106/samt-npx.htm), 👉[Votes](https://i.imgur.com/2PoDdhg.png) +* AGF Investments Trust: 📄[Filing](https://www.sec.gov/Archives/edgar/data/0001479599/000110465922082670/tm2221408d1_npx.htm), 👉[Votes](https://i.imgur.com/lj0i9UK.png) +* American Century ETF Trust: 📄[Filing](https://www.sec.gov/Archives/edgar/data/1710607/000171060722000173/acetf2022npx.htm), 👉[Votes](https://i.imgur.com/kaOMc40.png) +* BNY Mellon ETF Trust: 📄[Filing](https://www.sec.gov/Archives/edgar/data/1493580/000149358022000036/form-1.htm), 👉[Votes](https://i.imgur.com/BV1AtZX.png) + * same for [BNY MELLON MIDCAP INDEX FUND](https://www.sec.gov/Archives/edgar/data/875732/000087573222000009/form113.htm) +* BNY Mellon Investment Portfolios: 📄[Filing](https://www.sec.gov/Archives/edgar/data/0001056707/000105670722000014/form172.htm), 👉[Votes](https://i.imgur.com/0MoP7YF.png) +* Brighthouse Funds Trust II: 📄[Filing](https://www.sec.gov/Archives/edgar/data/710826/000119312522230925/d371681dnpx.htm), 👉[Votes](https://i.imgur.com/JPxk7rs.png) +* Columbia Funds Series Trust: 📄[Filing](https://www.sec.gov/Archives/edgar/data/1097519/000119312522223813/d343855dnpx.htm), 👉[Votes](https://i.imgur.com/HhRM6zg.png) +* Direxion Shares ETF Trust: 📄[Filing](https://www.sec.gov/Archives/edgar/data/1424958/000089418922005823/direxion-etf_npx.txt), 👉[Votes](https://i.imgur.com/nEBqUaj.png) +* Empower Funds, Inc.: 📄[Filing](https://www.sec.gov/Archives/edgar/data/356476/000119312522229483/d347743dnpx.htm), 👉[Votes](https://i.imgur.com/nGg42AE.png) +* ETF Managers Trust: 📄[Filing](https://www.sec.gov/Archives/edgar/data/1467831/000089418922006693/etfmg_npx.txt), 👉[Votes](https://i.imgur.com/aDANJDE.png) +* ETF Series Solutions: 📄[Filing](https://www.sec.gov/Archives/edgar/data/0001540305/000089418922006615/ess-defiance_npx.txt), 👉[Votes](https://i.imgur.com/NFrgGtd.png) +* Federated Hermes Index Trust: 📄[Filing](https://www.sec.gov/Archives/edgar/data/861469/000168386322005613/f22871d1.htm), 👉[Votes](https://i.imgur.com/8GniV9u.png) +* Fidelity Commonwealth Trust II: 📄[Filing](https://www.sec.gov/Archives/edgar/data/1364923/000137949122003215/filing782.htm), 👉[Votes](https://i.imgur.com/1ADxRHT.png) + * same for [FIDELITY CONCORD STREET TRUST](https://www.sec.gov/Archives/edgar/data/819118/000137949122003216/filing788.htm) + * same for [FIDELITY SALEM STREET TRUST](https://www.sec.gov/Archives/edgar/data/35315/000137949122003202/filing836.htm) +* FIRST TRUST EXCHANGE-TRADED ALPHADEX FUND: 📄[Filing](https://www.sec.gov/Archives/edgar/data/1383496/000144554622005323/alphadex_npx.htm), 👉[Votes](https://i.imgur.com/Xv7jy06.png) + * same for [FIRST TRUST EXCHANGE-TRADED FUND VI](https://www.sec.gov/Archives/edgar/data/1552740/000144554622005443/eft6_npx.htm) +* Flexshares Trust: 📄[Filing](https://www.sec.gov/Archives/edgar/data/1491978/000119312522230867/d322354dnpx.htm), 👉[Votes](https://i.imgur.com/NNqPShc.png) +* Humankind Benefit Corp: 📄[Filing](https://www.sec.gov/Archives/edgar/data/1821080/000158064222004027/humankindnpx.htm), 👉[Votes](https://i.imgur.com/fNrj54T.png) +* INVESCO EXCHANGE-TRADED FUND TRUST: 📄[Filing](https://www.sec.gov/Archives/edgar/data/1209466/000119312522212112/d384845dnpx.htm), 👉[Votes](https://i.imgur.com/SrmwqUe.png) + * same for [Invesco Exchange-Traded Fund Trust II](https://www.sec.gov/Archives/edgar/data/1378872/000119312522212128/d300268dnpx.htm) + * same for [Invesco Exchange-Traded Self-Indexed Fund Trust](https://www.sec.gov/Archives/edgar/data/1657201/000119312522212120/d376591dnpx.htm) +* JNL SERIES TRUST: 📄[Filing](https://www.sec.gov/Archives/edgar/data/933691/000143893422000373/BRDGR6_0000933691_2022_FINAL.txt), 👉[Votes](https://i.imgur.com/tAf9udl.png) +* John Hancock Exchange-Traded Fund Trust: 📄[Filing](https://www.sec.gov/Archives/edgar/data/1478482/000143893422000252/BRD031_0001478482_2022.txt), 👉[Votes](https://i.imgur.com/95E4Gyl.png) +* JPMORGAN TRUST II: 📄[Filing](https://www.sec.gov/Archives/edgar/data/763852/000143893422000347/BRDG4F_0000763852_2022.txt), 👉[Votes](https://i.imgur.com/lH0DM9O.png) + * same for [J.P. Morgan Exchange-Traded Fund Trust](https://www.sec.gov/Archives/edgar/data/1485894/000143893422000338/BRDG4F_0001485894_2022.txt) +* Listed Funds Trust: 📄[Filing](https://www.sec.gov/Archives/edgar/data/0001683471/000089418922006566/lift-roundhill3_npx.txt), 👉[Votes](https://i.imgur.com/rMSEfrf.png) +* MASSMUTUAL SELECT FUNDS: 📄[Filing](https://www.sec.gov/Archives/edgar/data/916053/000110465922095420/tm2221522-1_npx.htm), 👉[Votes](https://i.imgur.com/9ucJnzU.png) +* MML Series Investment Fund II: 📄[Filing](https://www.sec.gov/Archives/edgar/data/0001317146/000110465922095410/tm2221517-1_npx.htm), 👉[Votes](https://i.imgur.com/xECa7rQ.png) +* MUTUAL OF AMERICA INVESTMENT CORP: 📄[Filing](https://www.sec.gov/Archives/edgar/data/795259/000119312522217070/d337323dnpx.htm), 👉[Votes](https://i.imgur.com/WZRjQuC.png) + * same for [Mutual of America Variable Insurance Portfolios, Inc.](https://www.sec.gov/Archives/edgar/data/1776030/000119312522217049/d329855dnpx.htm) +* NATIONWIDE MUTUAL FUNDS: 📄[Filing](https://www.sec.gov/Archives/edgar/data/1048702/000119312522227111/d370136dnpx.htm), 👉[Votes](https://i.imgur.com/olx9IKU.png) + * same for [NATIONWIDE VARIABLE INSURANCE TRUST](https://www.sec.gov/Archives/edgar/data/353905/000119312522227110/d94537dnpx.htm) +* Natixis Funds Trust IV: 📄[Filing](https://www.sec.gov/Archives/edgar/data/1095726/000143893422000323/BRD_015_0001095726_2022.txt), 👉[Votes](https://i.imgur.com/jKIF755.png) +* NORTHERN FUNDS: 📄[Filing](https://www.sec.gov/Archives/edgar/data/916620/000119312522230803/d345303dnpx.htm), 👉[Votes](https://i.imgur.com/GAUs6Sd.png) +* NORTHWESTERN MUTUAL SERIES FUND INC: 📄[Filing](https://www.sec.gov/Archives/edgar/data/742212/000074221222000023/npx811-03990_25.txt), 👉[Votes](https://i.imgur.com/B94TRqt.png) +* Nushares ETF Trust: 📄[Filing](https://www.sec.gov/Archives/edgar/data/1635073/000119312522225811/d384065dnpx.htm), 👉[Votes](https://i.imgur.com/uMmOdKh.png) +* Pacer Funds Trust: 📄[Filing](https://www.sec.gov/Archives/edgar/data/1616668/000089418922005901/pacer-npx.txt), 👉[Votes](https://i.imgur.com/X7wLQHb.png) +* PIMCO Equity Series: 📄[Filing](https://www.sec.gov/Archives/edgar/data/1479360/000119312522232896/d397136dnpx.txt), 👉[Votes](https://i.imgur.com/u8NwYcg.png) +* PRINCIPAL FUNDS, INC.: 📄[Filing](https://www.sec.gov/Archives/edgar/data/898745/000089874522000141/pfi1031n-px2022part1of2fil.htm), 👉[Votes](https://i.imgur.com/bvGjsac.png) +* same for [PRINCIPAL VARIABLE CONTRACTS FUNDS INC](https://www.sec.gov/Archives/edgar/data/12601/000001260122000043/pvcn-px2022filing.htm) +* ProFunds: 📄[Filing](https://www.sec.gov/Archives/edgar/data/1039803/000119312522232269/d365957dnpx.htm), 👉[Votes](https://i.imgur.com/tPcWx9S.png) +* PROSHARES TRUST: 📄[Filing](https://www.sec.gov/Archives/edgar/data/1174610/000119312522232267/d353181dnpx.htm), 👉[Votes](https://i.imgur.com/ooqGuZ6.png) +* PRUDENTIAL INVESTMENT PORTFOLIOS 2: 📄[Filing](https://www.sec.gov/Archives/edgar/data/1099692/000168386322005648/f22912d1.htm), 👉[Votes](https://i.imgur.com/No0Ccfw.png) +* RBB FUND, INC.: 📄[Filing](https://www.sec.gov/Archives/edgar/data/1479360/000119312522232896/d397136dnpx.txt), 👉[Votes](https://i.imgur.com/kC7mCRr.png) +* RYDEX SERIES FUNDS: 📄[Filing](https://www.sec.gov/Archives/edgar/data/899148/000182126822000236/gug84473rydexseries.txt), 👉[Votes](https://i.imgur.com/U7glf2k.png) + * same for [RYDEX VARIABLE TRUST](https://www.sec.gov/Archives/edgar/data/1064046/000182126822000241/gug84478ryvartrust.txt) +* SCHWAB INVESTMENTS: 📄[Filing](https://www.sec.gov/Archives/edgar/data/869365/000119312522231020/d289827dnpx.txt), 👉[Votes](https://i.imgur.com/yg7pagH.png) + * same for [SCHWAB CAPITAL TRUST](https://www.sec.gov/Archives/edgar/data/904333/000119312522231001/d356118dnpx.txt) + * same for [SCHWAB STRATEGIC TRUST](https://www.sec.gov/Archives/edgar/data/1454889/000119312522231018/d368036dnpx.txt) +* SEASONS SERIES TRUST: 📄[Filing](https://www.sec.gov/Archives/edgar/data/1003239/000119312522233455/d384787dnpx.txt), 👉[Votes](https://i.imgur.com/wtSzGhQ.png) +* Securian Funds Trust: 📄[Filing](https://www.sec.gov/Archives/edgar/data/766351/000143893422000012/BRD021_0000766351_2022.txt), 👉[Votes](https://i.imgur.com/iCAMgCS.png) +* SEI Catholic Values Trust: 📄[Filing](https://www.sec.gov/Archives/edgar/data/1627853/000113542822000107/scvt-npx.htm), 👉[Votes](https://i.imgur.com/vKe4irh.png) +* SEI INSTITUTIONAL INVESTMENTS TRUST: 📄[Filing](https://www.sec.gov/Archives/edgar/data/939934/000113542822000113/seiinvestments-npx.htm), 👉[Votes](https://i.imgur.com/A6RSlOZ.png) + * same for [SEI INSTITUTIONAL MANAGED TRUST](https://www.sec.gov/Archives/edgar/data/804239/000113542822000111/simt-npx.htm) +* SHELTON FUNDS: 📄[Filing](https://www.sec.gov/Archives/edgar/data/778206/000138713122008301/shelton-npx_063022.htm), 👉[Votes](https://i.imgur.com/Hd1aDCF.png) +* SPDR SERIES TRUST: 📄[Filing](https://www.sec.gov/Archives/edgar/data/1064642/000119312522230651/d393365dnpx.htm), 👉[Votes](https://i.imgur.com/nxg4MEf.png) + * same for [SPDR INDEX SHARES FUNDS](https://www.sec.gov/Archives/edgar/data/1168164/000119312522230017/d394899dnpx.htm) +* STATE STREET VARIABLE INSURANCE SERIES FUNDS INC: 📄[Filing](https://www.sec.gov/Archives/edgar/data/746687/000119312522230822/d284624dnpx.htm), 👉[Votes](https://i.imgur.com/BE7CS2A.png) + * same for [STATE STREET INSTITUTIONAL INVESTMENT TRUST](https://www.sec.gov/Archives/edgar/data/1107414/000119312522230029/d310749dnpx.htm) +* SUNAMERICA SERIES TRUST: 📄[Filing](https://www.sec.gov/Archives/edgar/data/892538/000119312522233440/d346180dnpx.txt), 👉[Votes](https://i.imgur.com/lgpD03P.png) +* SYNTAX ETF TRUST: 📄[Filing](https://www.sec.gov/Archives/edgar/data/1580843/000139834422015220/fp0078472_npx.htm), 👉[Votes](https://i.imgur.com/k2NprVv.png) +* THRIVENT SERIES FUND INC: 📄[Filing](https://www.sec.gov/Archives/edgar/data/790166/000119312522230472/d373890dnpx.htm), 👉[Votes](https://i.imgur.com/wOgeNFU.png) +* T. Rowe Price Index Trust, Inc.: 📄[Filing](https://www.sec.gov/Archives/edgar/data/858581/000120677422002344/ifc_811-05986.htm), 👉[Votes](https://i.imgur.com/4vFOKPD.png) +* USAA MUTUAL FUNDS TRUST: 📄[Filing](https://www.sec.gov/Archives/edgar/data/908695/000168386322005729/f22956d1.htm), 👉[Votes](https://i.imgur.com/0fqp9yM.png) +* VALIC Co I: 📄[Filing](https://www.sec.gov/Archives/edgar/data/719423/000119312522233444/d326164dnpx.txt), 👉[Votes](https://i.imgur.com/oKwF745.png) +* VanEck ETF Trust: 📄[Filing](https://www.sec.gov/Archives/edgar/data/1137360/000121465922010719/j824220npx.txt), 👉[Votes](https://i.imgur.com/TPYCUhA.png) +* VARIABLE INSURANCE PRODUCTS FUND II: 📄[Filing](https://www.sec.gov/Archives/edgar/data/831016/000137949122003209/filing1036.htm), 👉[Votes](https://i.imgur.com/KcWdHil.png) +* Voya BALANCED PORTFOLIO INC: 📄[Filing](https://www.sec.gov/Archives/edgar/data/0000846799/000119312522231119/d383923dnpx.txt), 👉[Votes](https://i.imgur.com/sk3tDSe.png) + * same for [Voya EQUITY TRUST](https://www.sec.gov/Archives/edgar/data/0001063946/000119312522231124/d386830dnpx.txt) + * same for [Voya VARIABLE PORTFOLIOS INC](https://www.sec.gov/Archives/edgar/data/1015965/000119312522231162/d387289dnpx.txt) +* WILSHIRE MUTUAL FUNDS INC: 📄[Filing](https://www.sec.gov/Archives/edgar/data/890453/000089418922005959/wmf_npx.txt), 👉[Votes](https://i.imgur.com/wtmRrws.png) + + + +### Voted AGAINST Ryan Cohen; AGAINST Increase in Authorized Stock: + +* Calvert Responsible Index Series, Inc.: 📄[Filing](https://www.sec.gov/Archives/edgar/data/1105446/000094039422001280/crisnpx.htm), 👉[Votes](https://i.imgur.com/96xTqGt.png), 🌎https://www.calvert.com/teams.php + * same for [Calvert Variable Products](https://www.sec.gov/Archives/edgar/data/743773/000094039422001282/cvpnpx.htm) + + + +### Voted AGAINST Ryan Cohen; FOR Increase in Authorized Stock: + +* Advisors' Inner Circle Fund III: 📄[Filing](https://www.sec.gov/Archives/edgar/data/1593547/000113542822000139/koc-2022npx.htm), 👉[Votes](https://i.imgur.com/FzbrZUc.png), 🌎https://www.sec.gov/corpfin/advisors-14e5-092121 +* GREEN CENTURY FUNDS: 📄[Filing](https://www.sec.gov/Archives/edgar/data/877232/000143893422000111/BRD_JX6_0000877232_2022.txt), 👉[Votes](https://i.imgur.com/X1PqOOO.png), 🌎https://www.greencentury.com/ + + + +### Voted AGAINST GameStop Incentive Plan; Rest FOR: + +* Goldman Sachs ETF Trust: 📄[Filing](https://www.sec.gov/Archives/edgar/data/1479026/000119312522230515/d327820dnpx.txt), 👉[Votes](https://i.imgur.com/vVQzOAy.png) +* GPS Funds I: 📄[Filing](https://www.sec.gov/Archives/edgar/data/1131042/000089418922006347/gps1_npx.txt), 👉[Votes](https://i.imgur.com/ZqdSpZc.png) +* Lincoln Variable Insurance Products Trust: 📄[Filing](https://www.sec.gov/Archives/edgar/data/0000914036/000119312522231315/d357272dnpx.htm), 👉[Votes](https://i.imgur.com/jDuaqcC.png) + + + +### Voted AGAINST GameStop Incentive Plan; AGAINST GameStop Directors; FOR Increase in Authorized Stock: + +* COLLEGE RETIREMENT EQUITIES FUND: 📄[Filing](https://www.sec.gov/Archives/edgar/data/777535/000093041322001535/c104311_npx.txt), 👉[Votes](https://i.imgur.com/rzTWYoJ.png) +* TIAA-CREF FUNDS: 📄[Filing](https://www.sec.gov/Archives/edgar/data/1084380/000093041322001536/c104312_npx.txt), 👉[Votes](https://i.imgur.com/iqBn82j.png) + * same for [TIAA-CREF LIFE FUNDS](https://www.sec.gov/Archives/edgar/data/1068204/000093041322001537/c104313_npx.txt) + * same for [TIAA SEPARATE ACCOUNT VA 1](https://www.sec.gov/Archives/edgar/data/923524/000093041322001538/c104314_npx.txt) + + + +### Voted FOR On Everything: + +* ALLIANZ VARIABLE INSURANCE PRODUCTS TRUST: 📄[Filing](https://www.sec.gov/Archives/edgar/data/0001091439/000143893422000026/WE2_0001091439_2022.txt), 👉[Votes](https://i.imgur.com/pF70dtO.png) +* BlackRock ETF Trust: 📄[Filing](https://www.sec.gov/Archives/edgar/data/0001761055/000119312522229569/d379089dnpx.htm), 👉[Votes](https://i.imgur.com/WC779u0.png) + * same for [BLACKROCK FUNDS](https://www.sec.gov/Archives/edgar/data/0000844779/000119312522229577/d318597dnpx.htm) +* Bridge Builder Trust: 📄[Filing](https://www.sec.gov/Archives/edgar/data/0001567101/000119312522219897/d289765dnpx.htm), 👉[Votes](https://i.imgur.com/Ncw7bRD.png) +* EQ ADVISORS TRUST: 📄[Filing](https://www.sec.gov/Archives/edgar/data/0001027263/000119312522233600/d686441dnpx.htm), 👉[Votes](https://i.imgur.com/7iVlOAf.png) +* FIDELITY COVINGTON TRUST: 📄[Filing](https://www.sec.gov/Archives/edgar/data/0000945908/000137949122003191/filing712.htm), 👉[Votes](https://i.imgur.com/UQyqYMS.png) +* Forethought Variable Insurance Trust: 📄[Filing](https://www.sec.gov/Archives/edgar/data/0001580353/000110465922095909/tm2219759d2_npx.htm), 👉[Votes](https://i.imgur.com/8lJJwN0.png) +* iShares U.S. ETF Trust: 📄[Filing](https://www.sec.gov/Archives/edgar/data/0001524513/000119312522229731/d730914dnpx.txt), 👉[Votes](https://i.imgur.com/ofkq7He.png) +* PACIFIC SELECT FUND: 📄[Filing](https://www.sec.gov/Archives/edgar/data/813900/000139834422017278/fp0078967_npx.htm), 👉[Votes](https://i.imgur.com/c5XxJy2.png) +* STEWARD FUNDS, INC.: 📄[Filing](https://www.sec.gov/Archives/edgar/data/0000092500/000143893422000269/BRDAG6_0000092500_2022.txt), 👉[Votes](https://i.imgur.com/adv5NZT.png) +* Tidal ETF Trust: 📄[Filing](https://www.sec.gov/Archives/edgar/data/0001742912/000089418922006477/sofi_npx.txt), 👉[Votes](https://i.imgur.com/lpeOGFX.png) +* VANGUARD ADMIRAL FUNDS: 📄[Filing](https://www.sec.gov/Archives/edgar/data/0000891190/000110465922094558/tm2221122d3_npx.txt), 👉[Votes](https://i.imgur.com/XFGaVzZ.png) + * same for [VANGUARD EXPLORER FUND](https://www.sec.gov/Archives/edgar/data/0000034066/000110465922094731/tm2221135d1_npx.txt) + * same for [VANGUARD INDEX FUNDS](https://www.sec.gov/Archives/edgar/data/0000036405/000110465922094644/tm2221142d7_npx.txt) + * same for [VANGUARD INSTITUTIONAL INDEX FUNDS](https://www.sec.gov/Archives/edgar/data/0000862084/000110465922094690/d2221144d2_npx.txt) + * same for [VANGUARD INTERNATIONAL EQUITY INDEX FUNDS](https://www.sec.gov/Archives/edgar/data/0000857489/000110465922094715/tm2221145d7_npx.txt) + * same for [VANGUARD SCOTTSDALE FUNDS](https://www.sec.gov/Archives/edgar/data/0001021882/000110465922094821/tm2221158d7_npx.txt) + * same for [VANGUARD TAX-MANAGED FUNDS](https://www.sec.gov/Archives/edgar/data/0000923202/000110465922094564/tm2221162d2_npx.txt) + * same for [VANGUARD VALLEY FORGE FUNDS](https://www.sec.gov/Archives/edgar/data/0000889519/000110465922094595/tm2221164d1_npx.txt) + * same for [VANGUARD VARIABLE INSURANCE FUNDS](https://www.sec.gov/Archives/edgar/data/0000857490/000110465922094649/tm2221165d11_npx.txt) + * same for [VANGUARD WORLD FUND](https://www.sec.gov/Archives/edgar/data/0000052848/000110465922094786/tm2221170d2_npx.txt) + + + +### Voted FOR Increase in Authorized Stock; FOR GameStop Incentive Plan; rest abstained: + +* OHIO NATIONAL FUND INC: 📄[Filing](https://www.sec.gov/Archives/edgar/data/315754/000139834422015849/fp0078129_npx.htm), 👉[Votes](https://i.imgur.com/YHZe39w.png) + + + +What a list! I just finished scanning all the filings and wanted to share. With all those institutions voting against the dividend, they still didn't stand a chance. After all, Retail Investors own [more than twice as much GME as Institutions](https://www.computershared.net/) and it's all DRSed on Computershare. Cheers 💎🙌🚀 +My husband and I (we are both 48) have been very fortunate with our jobs and have always had very simple tastes, a combination which has resulted in a net worth of 8.1M+ (no house, we are now renting). Our goal is to retire at the end of the year and potentially move overseas or at least out of our HCOL state. + +We have a child in college who will be graduating next year with no student loans and enough money for grad school. Also, he has a stock account worth about $250k. + +From my husband’s POV, we have set him up more than most and it’s time to let him work hard and earn his own way. For me, it is not as easy - I feel quite guilty that we are leaving the workforce during our prime earning years and the thought that we are off relaxing and spending our money instead of increasing his down-the-road inheritance feels a bit selfish. He also is majoring in a field that perfectly fits who he is, but is not going to be high paying as a career. + +My two questions: + +1. How do people with this type of net worth manage the whole inheritance issue with their kids? My kid is bright and amazingly hard working (has had jobs/internships the entire time he was in college), but I want to protect him from ever struggling financially. Maybe I am even afraid of him being not “well-off” to be honest (which is crazy as I did not grow up with money and had student loans and no money until I was 30). + +2. How much of inheritance is “enough”? + +Thanks for any input. What should be an exciting time for me is really being impacted by this guilt about stopping work so early. +Had a couple financial and investing advice companies private message me and ask me to plug their sites on here for a substantial amount of money. I told them absolutely not, I'm strong and worth more than that, much like the investing insights that can be found over at Motley Fool. SMDH, they think they can buy us, just like people should buy the strong buys recommended over at Zack's if they want to make money. What will they try next? +This post is a completely honest review coming from an investor who's been with Elongate ever since the beginning. I do strongly believe it's an amazing project with a brilliant team that's trying to make the world a better place. Elongate has donated over $3M to charity and will keep on doing so in the months to come. + +&#x200B; + +We have passed and been certified with a high Certik score, as well as getting involved with Kimbal Musk, in a partnership with his charity, Big Green. All of these happened in less than a month and although the market itself has been through some rough times the past weeks, I'm certain we will have a huge recovery in no time. + +&#x200B; + +We have 41k active telegram members, incoming partnerships with a gaming brand in regards to their Esports division and so much more. + +&#x200B; + +As a result of the current market condition, we've taken a huge hit yesterday but we've already managed to start a green recovery in no time, which is why I believe getting in now will easily take you to the ATH from last month with a huge amount of profit, so don't miss the train! 🚀 + +&#x200B; + +We can be purchased on PancakeSwap, Bitmart & LBank. + +&#x200B; + +**Website:** [https://www.elongate.cc/](https://www.elongate.cc/) + +&#x200B; + +**PCS Buy:** [https://exchange.pancakeswap.finance/#/swap?inputCurrency=0x2A9718defF471f3Bb91FA0ECEAB14154F150a385](https://exchange.pancakeswap.finance/#/swap?inputCurrency=0x2A9718defF471f3Bb91FA0ECEAB14154F150a385) + +&#x200B; + +**Token address:** 0x2A9718defF471f3Bb91FA0ECEAB14154F150a385 + +&#x200B; + +**Telegram**: [t.me/ElonGateChat](https://t.me/ElonGateChat) + +&#x200B; + +It's only a matter of time until we hit the previous ATH and far beyond! +Barclays:  + +"**The COVID-19 pandemic has likely accelerated a long-expected rationalization of retail capacity in the US. Our modeling suggests that 15-17% of US malls may no longer be viable as shopping centers and need to be redeveloped into other uses.** While that is a big number, it is lower than the share of loans that are currently in default in the sector (about one third are delinquent, based on CMBS data). With e-commerce having taken a large chunk of market share, and social distancing reducing foot traffic, 2020 has seen a record number of store closures. Street-front retail will also suffer high vacancies and corresponding rent cuts, but should be a better-performing asset because it does not have the same tipping-point risk that malls bear once a certain volume of stores are vacant." + +"**For failing malls, many of the most likely redevelopment options – conversion to residential or warehouses – could result in valuations falling 60-90% compared to preCOVID appraisals.** While the land that has housed malls may offer better recovery values if used for mixed-use developments, historically that has only happened for about 15% of former malls (and those at a time when a very small number of malls required redevelopment at any moment)." + +"**In Europe, the situation is less dire due to a relatively small per-capita retail footprint**. So, while we expect some re-rating of rents, a large jump in malls that require redevelopment seems unlikely." + +"**The bright spot is warehouses, where Amazon might need to triple its end-2019 footprint just to efficiently operate its current business.** And of course, Amazon is only one of a multitude of e-commerce players. However, such growth is unlikely to provide a backstop for malls, due to issues around zoning and building suitability, a limited need for new warehouses compared to the amount of mall space that may need to be retired, and the lower average rents for warehouses compared to performing retail." + +"**Stadiums have suffered revenue pressure due to the lack of sports, but should return (mostly) to normal after COVID**. Some long-term changes may be necessary, but they should not change the general operating performance trends for the sector." +I am mostly attending inspections on the weekend for apartments, up to 5-6 each week in Sydney for the last couple months. +So far.. some common themes I've noticed with agents include: + +* Often they are late and people are waiting outside the building (I do realise they are often coming from other inspections but... a bit of time management never hurt) +* Often it's a "replacement" agent because the person who is supposed to be there, couldn't. I find this one most frustrating because the replacement agent basically can't answer any of your questions, even basic ones such as building age or strata costs +* Actual agents who owns the listings. One couldn't even tell me how many apartments were in the building and made the helpful suggestion of "if you take a look at the mailbox numbers on your way out, it will give you a good indication". There are also other agents who spends the entire time talking to one potential buyer and doesn't bother asking if you have questions only to call you 5 times the following week (has anyone refused to give their mobile at an inspection?) +* Dodgy agents who don't reply to calls/emails to get you to turn up to inspections where you find out the strata is ridiculous or there are issues with the building. I had one agent email me with the strata cost and when I turned up to inspection, it was +$300 higher than stated. He apologised saying it had only just increased and they didn't have time to update the listing. There are also others who fail to disclose serious issues with the building (how is this lawful?) +* (Before inspections) Agents who can't respond to a basic enquiry asking for the price guide and/or strata fees - so many times, I have to email again asking for the full info requested. In the meantime, they've circulated your email address to 10 different parties for straight-up unlawful email marketing. + +Don't get me started on the incessant calling/ spam emails the following week. To be fair, I should also say, I've had pleasant experiences with some great and knowledgeable agents but the majority of experiences? Subpar. +**TA;DR:** threshold list killed small shorts in January. Big shorts took on their positions. Threshold list restrictions coming for big shorts too. Watch for GME being added to the threshold list. + +**TL;DR:** restrictions associated with extended periods of failures to deliver inform the past six months of GME shenanigans. These restrictions killed the small players who were short GME in January and allowed big players to take on their position. Big players assumed they could use their powers and resources to turn this losing hand into a big win. Apes stopped them. Now, finally, the big players are going to find these same restrictions applied to them - watch for GME being added to the threshold list. + +**Background** + +The New York Stock Exchange provides a list of ‘threshold securities’, which are securities that are regarded as difficult to borrow due to a large number of recent failures to deliver. When a security is on this list, there are limits on a market maker's ability to short sell the security in question and obligations regarding delivery requirements. These restrictions and obligations can increase the longer the security stays on the list. For further information and some relevant links, please see [this comment](https://www.reddit.com/r/Superstonk/comments/o9x3hf/guys_before_you_downvote_this_to_hell_bc_its_not/h3e1asv?utm_source=share&utm_medium=web2x&context=3) by u/Criand. There is currently some discussion of this topic because moviestock has been added to the threshold list recently, [this post](https://www.reddit.com/r/Superstonk/comments/o9x3hf/guys_before_you_downvote_this_to_hell_bc_its_not/?utm_source=share&utm_medium=web2x&context=3) by u/OrwellsWarning presents tweets by u/dlauer and Susanne Trimbath which is a good place to look for discussion of the significance of the threshold list (see the comments). + +In short, the ability to perform fucketry is diminished when a security is on the threshold list. u/dlauer tweets that it might be unusual for companies like GME to make it onto this list (usually it’s small companies). This rather underappreciated post by u/mlebjerg provides graphs of the price of moviestock and GME in relation to their being on the threshold list. Notice that the price of moviestock does not appear to be related to their being on the threshold list. Neither does the price of GME, with a notable exception. + +**Key point** + +Given the restrictions that come with being on the threshold list and its relationship with the historical prices of the two securities, I suspect the effect of being on the threshold list do not translate to price changes until the security has been on the list for long enough to compromise the ability of those with short positions to manipulate the price. On the below graph I compare the price of GME with the number of concurrent days it has been on the threshold list: + +https://preview.redd.it/yfmbrye3lb871.png?width=685&format=png&auto=webp&s=c28e1c25971667b38fc8717aba790de881771e86 + +From the end of December 2020 and into the beginning of February 2021 GME was on the threshold list for 39 market days. I believe that this answers an important question that has been outstanding since February: it explains why they needed to resort to a market halt to stop the January spike but not the February gamma. + +**The difference between January and February** + +In [this post](https://www.reddit.com/r/Superstonk/comments/mvvuhp/feb_2426_failed_launch_attempt_and_proof_the_dtcc/?utm_source=share&utm_medium=web2x&context=3) from April I argue that the unusual market activity during February, the ‘gamma swarm’ or ‘gamma squeeze’, was an attempt to launch the MOASS that failed due to those shorting GME flooding the market with ever more short positions, which mitigated attempts to rapidly rise the price. In [this post](https://www.reddit.com/r/Superstonk/comments/nc1h4o/findings_from_my_analysis_of_605_data_huge_short/?utm_source=share&utm_medium=web2x&context=3) from May I argue that the changes in order flow indicate that the market center Citadel Securities was used to open a large short position in January and the NASDAQ market center was used to manipulate the price in February. These two arguments leave an unanswered question: if the spike in February was prevented by manipulation involving inter-market-center fucketry, why did they need to resort to a trading halt to prevent the January spike? + +I think the threshold list answers that question: trading was halted in January because GME had been on the threshold list for weeks prior to the spike, which prevented the other methods of price restricting manipulation available to those shorting GME. After weeks on the threshold list, and in the face of massive buying pressure, they had no winning play left - so they halted trading. I suspect that, with trading halted, they then brought the minimum number of GME shares required to cover the outstanding failures to deliver which then removed GME from the threshold list. I expect that this actually left them with *an even bigger* outstanding short position, considering how much it would have expanded during the January spike: they opened a bigger position due tomorrow, to close the positions keeping GME on the list today. I think this led to the game they’ve been playing since February. + +**The story so far** + +Notice that GME has not returned to the threshold list since early February. I think that this is because the parties shorting GME since then have been more competent, better resourced, and more powerful. I suspect that GME went onto the threshold list in December 2020 because a smaller player, perhaps Melvin Capital, was failing to cover or defer their short positions. Ultimately, this led to the January spike and a more powerful institution capable of the manipulation required to stop the spike stepping in. Essentially, I think at least one smaller player who was short GME collapsed in December and January which undermined the ability of the larger players to control the situation. In response, I suspect that the larger players with market maker privileges and influence over market centers took over these collapsing players. + +This is why I think that the short position was *expanded* in January even though I also think some positions were covered. As I discuss [in my post regarding the 605](https://www.reddit.com/r/GME/comments/nc2zcc/findings_from_my_analysis_of_605_data_huge_short/?utm_source=share&utm_medium=web2x&context=3) data (also linked earlier, the may post), it appears that the market center Citadel Securities was used to expand a short position during the January spike. Notice that the restrictions associated with a security being on the threshold list are not applied to all parties equally. This is how shorting took place in January, despite GME having been on the list for weeks - it was one of the smaller players failing to deliver that got GME on the list, so the big players were not suffering all of the related restrictions (especially those with influence over their own market center). I suspect that the short position was expanded dramatically in the leadup to the January spike and then, after the trading halt, the *oldest positions* were covered to resolve those failures to deliver that were keeping GME on the threshold list. In this manner, the short position was moved from small players to the big ones and the overall short position expanded while the reported short position lowered substantially. + +With their short position bigger than ever, I suspect that they attempted to crash the price in February to convince everyone that it’s time to sell their GME shares. At this point, their position is likely looking quite strong - the short positions opened in January were at a high price per share, which means they’ve received more money from buyers than the current share price. So, on paper anway, they are in a strong position - yes, they owe an insane amount of GME shares, but the price of GME is now much lower. As long as they can *eventually* convince everyone this is over, they’ll likely come out of this stronger than ever. If they can keep issuing more short positions that they eventually cover at a much lower price, after shareholders give up and move on, they’ll actually have profited over this debacle and gobbled up smaller players. Provided the apes stop buying and move on, they’ve turned an infinite loss position into a huge win. Masterstroke. + +This is a bold plan, it will turn a massive loss into a huge win. So, they go all in and do an excellent job of it. The trading halt works by allowing them to consolidate the short positions into only those players big enough to pull this strategy off. Expanding the short position provides an influx of cash from buyers. Further shorting after the trading halt drops the price in early February. The political fallout allows them to announce very publicly that they’ve closed their positions. The media narrative fits perfectly to what they need to portray. For the first few weeks of February, it’s working. + +Except, it doesn’t work. It’s an excellent play and they executed it well. Regardless, two factors prevent their success. Firstly, millions of weirdos from the internet appear to have disregarded all traditionally authoritative sources of information and keep buying more shares. Given the complete lack of any evidence to justify this behaviour, it’s understandable that this caught the shorts off guard. At this point, it’s too late - they’re beyond fully committed to this play, they’ve gambled everything they have and the health of the entire financial markets on this. So, they do what they can to undermine this bizarre online resistance. Unfortunately, for them, they are also facing resistance from other big players who, for whatever reason, are not willing to allow them this victory. This resistance from other big players comes in the form of the February gamma, which attempts to launch the squeeze that was prevented with the trading halt ([link to my April post on this](https://www.reddit.com/r/Superstonk/comments/mvvuhp/feb_2426_failed_launch_attempt_and_proof_the_dtcc/?utm_source=share&utm_medium=web2x&context=3), also linked earlier). + +This sets the stage for everything that follows, March onwards. In January and early February the shorts win the battles. Smaller players die and cause a massive mess, but this allows the big-shorts to take over their positions and expand their short positions at a favorable price point while doing so. They gamble on an extreme play, a trading halt, to crash the price and it works. However, Apes pervert their attempts to motivate selloffs and realize they are being targeted with misinformation - so, they gather together to defend themselves. Ultimately, this becomes r/SuperStonk. Other big players, perhaps fearing what the big-shorts have become and are doing, instigate the February gamma which reverses a large portion of the price crash and exposes the ongoing manipulation. As February draws to a close, the gamma has failed to launch the rocket and the Apes have only a vague understanding of what is happening. It’s a stalemate. + +I think the battles fought in January and February have informed everything that followed. The big players short GME have used their power, influence, and resources to avoid any further restrictions on their GME activities. The big players opposing them have done what they can, but can’t launch the rocket. Apes’ might be described as the wildcard, but I think they’re better understood as the battleground. As the months drag on, they grow in sophistication, numbers, and power. Six months into this mess, they’re the ones holding the winning hand. It’s the Apes’ whose shares need to be brought: the shorts always needed retail shares, but after six months of endless shorting they now need *a lot* of retail shares and, much worse, the retail holders know it. + +If my outline, story I guess, is correct, then the outcome is inevitable. At least, assuming Apes hold. Eventually, especially in the face of tightening restrictions, GME is going to end up back on that threshold list. Once it does, the powers and privileges allowing those short GME to fight will be steadily stripped away until they can’t do anything except watch as their obligations to the NSCC kick in and the attempt to close the infinite loss position they have burdened their peers with begins. I suspect this is why the new restrictions are finishing off with ‘rules clarifications’ that limit rehypothecation and prevent a borrowed share from being used to ‘deliver’ an earlier position. Once the failures to deliver can no longer be hidden, GME is going to end up back on that threshold list. Once it’s there, those with outstanding failures to deliver will have their ability to short GME restricted and the big-shorts will be caught in the same trap they ‘saved’ the little shorts from in January. + +Finally, please note a recent by u/Feeling_Point_5978 yesterday (I can't link, it's on a different subreddit) for discussion of this in the context of Moviestock. For what it’s worth, I think that Moviestock is our canary in the coal mines on this issue. I suspect that the new restrictions, finally in effect from last week, will result in the failures to deliver GME to being piling up quite soon. If this happens, expect to see GME on the threshold list soon after. Once it’s there, the restrictions escalate until it’s off the list. I suspect that there is only one way GME is getting off that list once it’s back on it, and that’s the MOASS. + +(Please note that my incompetence limits the reliability of any of the above. I argue, think, and suspect many things; my saying it doesn’t mean much regardless of how I phrase it - read with caution!) +Hi, + +First I just want to say I make no excuse for my past mistakes and poor money handling. I just want to give some context so everyone can understand why I have been terrible with money. + +I am almost 30. I was raised in housing commission, both my parents were in and out of gaol. I spent a fair amount of time in juvy. I dabbled in and sold drugs (with my dad) and that was my only job until I was about 23. I met my girlfriend at 22, she too had a similar background to me. Her dad died from a heroin overdose and her mum spent the bulk of her life in and out of gaol. Anyway, she somehow turned out perfect, went to uni and got a decent job. She convinced me to go to uni, I did. I relapsed a few times going back to doing drugs, drug dealing and what not. In the midst of this I racked up massive debts; car loans, Centrelink debt, credit cards, toll notices of all things... I even used nimble (and defaulted... 2 or 3 times from memory). Anyway, I was scum. My girlfriend really pulled me out of my slump, I realised I really needed to cut ties with everyone I know, including my family and move. I was lucky to not have an adult criminal history, I finished uni and got my first real job at 27. I was an absolute moron and am paying for it now. + +Now at almost 30, as of this week I have all my debts paid off. I still have incredibly poor credit history (score is 213). I have one default still listed on my credit report. That will still be on my history for 2 more years, I have 9 credit enquires also. I assume these disappear in 5 years also? If so, that will also be in about 2 years. + +I want to buy my own house with my mrs. I want to own something I never thought I could. I want to settle down, marry my mrs, have kids and give them everything I can. I just don’t know where to start. + +As a background, I now earn 98k PA +My girlfriend earns 60k PA +We pay $1600 rent a month +We live in Sydney and would like to buy in south west Sydney for under 650k. +We don’t have guarantor options or the option to move back home. + +I have heard about the 5% scheme, I have budgeted and we can save 5% within a year or 2 easily. But I assume I would not be approved due to my credit so I will have to save more. I know 20% is the standard recommendation but I am eager to just move forward in life... any thoughts? + +Any thoughts on the first home super saving scheme also? + +TLDR: I am an idiot with bad credit, how do I now buy a house? + +Thank you everyone +Ive been completing nursing school with a good buddy of mine for a while now. We have one year left. Last year I got into crypto around christmas time and I told him about it too. He has taken this so much further than I ever thought. I like to stick to my guns and just accumulate and hodl. + +He is convinced that he can use astrology to predict the charts down to the cent and day with the moon. Yes, Astrology. + +He has since dropped out of school, and is basically committing all his time to astrology and the markets. + +Does anyone else think like this? Am I the crazy one? Or is he? + +Edit: I see lots of posts asking "well is it working" + +You see. I dont really know. He insists it is, says he knows what hes doing and that his past predictions are all right. I keep saying to lmk what the next one is and ill believe him. Except he never does. He just messages me at 4 am saying "btc at *** told ya! Just like I said". Or he says he told someone else that they should pull out and back in on X date and it worked for them. But I havent seen any proof. + +Edit 2: he is not playing the stock market. This is all cryptos. + +Edit 3: BREAKING 7:39pm ct. His latest call is that RIGHT NOW here. Is the bottom of the BTC correction from today. Current price now : $41,784. Around march or April is when the next bear market will be + +Edit 4: just now he changed his mind, now saying that it is gonna drop again one more time between tonight and tomorrow. To 37500 or 30000. Lets see +What is mystery Coin? 🤔 + +Mystery Coin is an entire ecosystem of coins that will interlink with shared tokenomics. The concept is that each coin released on the ecosystem benefits the already existing coins. They have just released a roadmap on their website. The first coin has already been released (Mystery Brother) and that did over 300x on launch!! Do not miss the next release (Mystery Sister) that’s coming on June 24th at 20:00 UTC 💯💯💯 + +Check them out on telegram - https://t.me/MysteryCoin + +Check them out on telegram - https://www.mysterycoin.family + +Tokenomics (Sister) Launching 24th June! + +Sister is a bit of a pyromaniac and likes to BURN things! The purpose of this coin is to dramatically increase the value by rapidly reducing the supply. Sister will also burn 2% of her brothers’ tokens with every transaction! You MUST hold at least 50 billion Brother Tokens to purchase this coin right at launch. The restriction will be removed some time after the launch. + +14% Burn 🔥 +5% Marketing💻 +4% Auto Liquidity 💧 +2% Brother Burn 🙎‍♂️🔥 + + +Tokenomics (Brother) & Contract details + +Brother likes to SHARE his things! The purpose of this coin is to make all holders gains by heavily encouraging people to hold and benefit from the high reflection percentage. Brother also has a 5% marketing tax so that they can heavily invest in marketing and properly promote the coin. The one thing you can expect from this coin is that it will be everywhere! + +15% Redistribution to holders 👥 +5% Marketing 💻 +3% Auto Liquidity 💧 +2% Burn 🔥 + +Mystery Coin Brother (MYS) + +Contract Address: 0x344424e5d0b3037c78c698609cd56b36e7481951 + +JOIN THE DISCUSSION!! + +https://t.me/MysteryCoin +Mohnish Pobrai for a long time has been highly regarded by the value investing community. As a Buffett disciple, he has been mentioned for years in value communities for his simple “cloning” style and his nice sound bites and quotes. + +However, what he has NOT been known for, is outperformance. I will caveat this with the fact that we can only truly know for sure the performance of his US investments as that is what is required to be reported in 13-F filings. + +According to TipRanks, which tracks investors 13-F filings, Mohnish has returned -58% over the last 10 years and ranks 403 of 462 funds that they track. That’s right, in 10 years since 2012 the S&P gained 212% and Mohnish’s fund is down 58%. For those that will say “he’s a long term investor”, 10 years with over 300% underperformance is plenty of runway, but I have more proof that he is in fact not a long term investor. + +Beyond just his poor performance, let’s look at his track record. + +- BABA - As we know Mohnish is a “cloner”, and followed Charlie Munger into BABA in early 2021. He talked about it in interviews how amazing the business was and how misunderstood Chinese tech companies are. He then rode the stock down over 50% until Q3 2021, when he sold entirely for “tax loss harvesting” and because he claims he likes Tencent better. Taking a 50% haircut in 6 months then selling for tax reasons doesn’t sound like things many “long term investors” I know do. + +- SRG - Mohnish has been proudly pushing Seritage Growth Properties for awhile now saying how deeply undervalued it is. He first bought in Q1 2016, then sold all in Q2 2017…another loss and another short holding period. He then doubled down on SRG again in Q2 2020, again touting how it’s a long term hold…only to sell it again in Q1 2022, this time for a gain but still off from its 2021 highs. He sold claiming that the businesses debt and time it would take the restructure its properties became too complicated, again something I feel a value investor takes into account before buying. + +- EAF - Mohnish made a huge splash buying the little known Graftech (EAF) in Q2 2019. He claimed the small business had a monopoly on its specific process of electric arc furnaces and has the type of competitive advantage he looks for in businesses. Apparently he changed his mind, because only 9 months and 30% down later, he sold his entire position. + +GOOG - Bought and owned GOOG for a few years from 2015-2018, but sold in 2018 and missed a 200%+ run up in the stock + +Mohnish now has been touting his idea that he likes to invest in “spawners”, businesses like Amazon or Google that are massive FCF machines and use that FCF to “spawn” new businesses within them. Interesting that he is currently 100% invested in MU, a business that is clearly not a spawner, and one that he is only up around 30% on over 3 years. + +I’m not the only one who feels this way, his investors do too. His fund has dramatically reduced in size, from $540M AUM in 2013 all the way down to $100M AUM in 2022. Massive reduction caused by both outflows and fund performance. + +I feel that Mohnish says many of the right things and gives value investors a lot of nice simple sound bites about investing, but that in reality he is a fake guru that is great in interviews but not so great at investing. +One of the world’s wealthiest hedge fund managers has lost millions of pounds after shares in the owner of British Airways took off. + +Karma is a bitch. HODL Apes + +Full story here. + +[https://www.msn.com/en-gb/money/other/hedge-fund-king-ken-griffin-loses-millions-on-british-airways-bet/ar-AASso9Y](https://www.msn.com/en-gb/money/other/hedge-fund-king-ken-griffin-loses-millions-on-british-airways-bet/ar-AASso9Y) +It's insane, but the more I'm paying my credit card debt off. The more my cibil keeps dropping. + +I had to take one of those restructured EMI's during the pandemic and they won't even let me close those EMI's now. Am I stuck with a bad cibil for the remainder of those EMI's? I've paid off 60% and since then I've been getting terrible credit scores. + +Last month my cibil was 716, then a week ago it was 680, and now its at 650. + +Im trying to build it but it keeps dropping and nobody will give me an answer. +As an xxx holder, 21 years old, that amount of money would scare me. But I'll make sure to educate myself financially and learn how to spend the money to change my life and everyone around me. + +Let's change the world to the best! After hedgefuks break the system. + +Edit: Thank you for rewards! And all the advice! This post itself is a gem I'll keep, and look back at forever! Thank you. +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 having an absolutely shit house month. From minor colds and flu's that just never fade to massively interrupted sleep schedules, to rain damage causing thousands of dollars of property damage (and a bunch of fucking work for me digging drainage trenches to protect shit), to a death in the family, to my previously very reliable car shitting itself in a mysterious fashion at the worst possible time. The saying is "It never rains but it pours" and I am waiting for this fucking shower to end. + +I have spent more money this month on unexpected expenses then I spent in the last 6 months on day to day living. Churning through my emergency fund at an alarming rate. I have been missing work to do things that cost me money. Losing out on the paycheck AND not earning anything at the same time. But if this shitshow had of struck in the middle of 2020 I wouldnt have had an emergency fund. I was 100% all in on the ASX. I would have had to sell stocks like VUL and BPH and BUY and BRN before they went mental and actually made me money. The point I am making is that it's not a bad idea to have some money set aside in case things go to shit. Because things tend to go to shit unexpectedly and it's often not just 1 or 2 things but a whole fucking bucket load. + +So if you find yourself living paycheck to paycheck because you are going all in every week it might be worth putting some money aside in an emergency fund. Instead of buying in to whatever is getting shilled spending some time doing a bit more research into various companies. If you dont know HOW to research then spend time learning how, especially before you throw your money at another dodgy penny stock. Things have been shit for me recently but I am doing much better then I would have if I ignored the lessons i learned in 2020. + +Don't FOMO, have some emergency money, dont take advice from randos on the internet. +We have a lot of posts about splurges and a lot of posts about what we refuse to spend money on even though we can afford it. We have a bunch of posts on the extent rich people flaunt their money too. What I want to know is sort of a combination of these: what do you do that seems rich and flaunty but that in reality you havent spend much money on at all. + +I'll start. Im a woman and my circle of friends is somewhat status conscious. Im still not willing to spend on diamonds. 90% of my diamonds are cubic zirconia. I could afford real versions of everything I wear, but why spend the money? My husband and I go out to eat at high end restaurants too - but the majority of that is nearly free through promotions, bartering, etc. Same with vacations. I'm starting to realize that my love of frugality doesnt stop for "flashy" items. Is anyone else like this? +We live in really nice suburb with 9/10 and 10/10 public schools. Basically, people move to our area for the school. We never thought of going to private school before. + +Our son goes to a private school (50K tuition + donation) at the moment because: + +1. When he was in transitional kindergarten (before Covid), we put him in private school because of the hours (public school ended way too early). + +2. Then Covid struck, with the debacle of online learning and public school lack of resources, we decided to stay put at the private school. + +My son is happy and well adjusted. He loves to go to school everyday. His EQ is amazing and we are not sure if he’s naturally gifted like that or it’s actually the school. However, the tuition keeps increasing every year and we pay more than college tuition for first grader. + +My original thought was the the private school gives him connection to the well connected family in town. However, with flexible tuition, I have noticed that the school has no standards of acceptance and we found that we constantly got hit for donation to subsidize the tuition for others. + +We are not fat fat as most here. + +Income this year is 900k, net worth:7M (give and take). + +Our income will not go up, we are in tech, mid 40s, and we don’t go on managerial track. More likely, our income will go back to 500-600k or remains the same after the stock calms down in the next few years. + +We want to move our son to public school but we are afraid that we make mistake as he’s thriving at the moment. 50-60k is going to be tough for the next 15 years but we can afford it (assuming we continue working). + +Anyone has done something similar and what’s the outcome? +The ATO are reviewing trust arrangements where parents enjoy the economic benefit of trust income appointed to their children who are over 18 years of age. The common feature of the arrangements is that trust income is appointed between members of the family group but in substance it is the parents who exercise control over and enjoy the economic benefit of the income. + +https://www.ato.gov.au/law/view/document?docid=TPA/TA20221/NAT/ATO/00001 + +In a nutshell- if you are distributing income to adult children to use their marginal tax rates, and then not paying that to them (or using those funds to pay for things for them), they are taking a good look at you. + +Important to note- a journal entry in the accounts clearing their entitlement to increase your own doesn't satisfy payment! + +The ATO has stated that they could consider this style of arrangement as a sham under trust law, and that Part IVa of the ITAA (1936) could apply- this section of the legislation basically says if the purpose of an arrangement is to contrive a tax benefit you wouldn't normally have, it's stripped away. + +This could mean that the income kids have been distributed is taxed in the trust, or with the remaining beneficiaries depending on how trust minutes are set out. + +If you have a trust that might be doing something like this, get in touch with your accountant asap to discuss. + +The ATO has indicated that they are looking for test cases for this. +As most of you are aware of BSEStarMF gateway debacle of Feb 26, wherein fund realization got delayed due to some error and NAV allocation was delayed. + +What surprised me was Kuvera, though not mistake of their own, went ahead to settle the NAV difference amount to the user's bank account. This really has restored my faith in company and I strongly appreciate their customer first approach. + +Edit : Adding link of thread where a lot of people reported the failure on that particular day [https://www.reddit.com/r/IndiaInvestments/comments/ltojif/kuvera\_has\_turned\_into\_a\_shitshow/](https://www.reddit.com/r/IndiaInvestments/comments/ltojif/kuvera_has_turned_into_a_shitshow/) +As most of you are aware of BSEStarMF gateway debacle of Feb 26, wherein fund realization got delayed due to some error and NAV allocation was delayed. + +What surprised me was Kuvera, though not mistake of their own, went ahead to settle the NAV difference amount to the user's bank account. This really has restored my faith in company and I strongly appreciate their customer first approach. + +Edit : Adding link of thread where a lot of people reported the failure on that particular day [https://www.reddit.com/r/IndiaInvestments/comments/ltojif/kuvera\_has\_turned\_into\_a\_shitshow/](https://www.reddit.com/r/IndiaInvestments/comments/ltojif/kuvera_has_turned_into_a_shitshow/) +I am by no means fatFIRE but have diligently saved my whole life. There are some hobbies that only people with immense wealth could even consider pursuing. The one I dream about when I eventually hit a net worth of $4M is being able to pilot airplanes and recreational submarines. Be a female James Bond of sorts ;) + +Link: [https://www.youtube.com/watch?v=J926du1UNJA](https://www.youtube.com/watch?v=J926du1UNJA) + +Getting a private pilot's license with instrument rating costs about $28,000. And then you have to either rent a small plane or buy your own to be able to fly the 250 hours needed to become a certified flight instructor. + +Submarine pilot license costs about $40,000 USD to acquire through uworx. I don't know any other company that offers this type of training. To buy a personal submarine for yourself, you'll have to shell out about $1M. + +What are your fatFIRE only crazy hobbies? + +Edit: In a surprising twist of events, it appears that everyone wants to adopt astro photography! Check out u/d00fadingus incredible photographs: [https://www.astrobin.com/users/ebomber/](https://www.astrobin.com/users/ebomber/) + + +Edit2: u/jcarter593 owns a $1M rare coin! +GameStop’s Ryan Cohen – along with his RC Ventures LLC – had disclosed a 9.8 percent stake in Bed Bath & Beyond back in March 2022. Crucially, Cohen also purchased 2023 call options on BBBY shares, with strike prices ranging between $60 and $80. For reference, the stock closed on Friday at $12.95 per share. While these bullish bets had appeared outlandish back in March, given the ongoing short squeeze in BBBY shares, it remains within the realm of the possible that Ryan Cohen’s call options enter the in-the-money territory. Even if that does not occur, any rally that takes the stock above $30 – which was the stock’s rough price level toward the end of March – will result in outsized gains for Cohen on the back of the increase in these options’ intrinsic value. + +Read the full article: [https://wccftech.com/as-the-short-squeeze-in-bed-bath-beyond-bbby-continues-ryan-cohens-ultra-bullish-bet-on-the-stock-does-not-sound-so-outlandish-now/](https://wccftech.com/as-the-short-squeeze-in-bed-bath-beyond-bbby-continues-ryan-cohens-ultra-bullish-bet-on-the-stock-does-not-sound-so-outlandish-now/) + +https://preview.redd.it/kg5x708aj2i91.png?width=1341&format=png&auto=webp&s=d1d25ab35d8ab1bd0453a0e5e862dd7a4f293267 + +Source:[https://www.sec.gov/Archives/edgar/data/0001822844/000119380522001197/xslF345X02/e621885\_3-bbby.xml](https://www.sec.gov/Archives/edgar/data/0001822844/000119380522001197/xslF345X02/e621885_3-bbby.xml) + +GameStop (GME) chair Ryan Cohen has disclosed he is still in his call options for BBBY. He bought on April 21, 2022 at strike price of $60, $75, and $80 expiring on Jan 20th 2023. BBBY is currently trading at $16. How much do you think BBBY will be trading by Jan 2023? +i own some shares and i have been really tempting to sell it at 65$, i mean its almost ridiculous some of its numbers (p/s 7.30??) i mean... + +on the other hand i heard some say that they would never sell a stock of ko on any ocasion,, isn´ t that a bit stupid +My apologies as this might seem like a simplistic and layman idea.From welfare i strictly mean programs like universal healthcare , food and water . + +Since UBI would give the neccesary resource (money) to join or form a mutual aid society where the money can be pooled and re invested and used to provide welfare , education and training to it's members. + +Since this seems like a really simplistic idea , how realistic is this in practice ? +Not directed at international apes, 401ks, etc. + +I was scrolling through this sub as I normally do multiple times a day, and the thought crossed my mind, we're registering shares at a great rate right now, I just hope the trend continues. Are there any apes out there that are still on the fence? Do you have worries about trusting CS? Are you nervous to get on the phone? Do you flat out just not want to transfer your shares from your current broker? + +This community has shown me just how truly supportive a group online can be and if there is any questions or concerns we can together answer for you to help you feel more confident in transferring, let's do it! Ask away! This is a no shame, no holding back, get it out in the open discussion. + +What is stopping you from transferring your shares? What would help you feel more comfortable and make the decision? + +Note*** this is not financial advice, purely for informational purposes only. +Sbi has launched a new cashback card which has 5% cashback for all online merchant transactions. + +This essentially should make Flipkart & amazon cards irrelevant. + +SBI cashback card +- 5% upto 10k on online merchant transactions +- 1% on other transaction & utility bill payments ( except the obvious fuel, wallet etc ) +- Annual fee of 999, no joining fee ( update annual fee is waived for spends above 2l) +- 4 lounge access per year +- +https://www.timesnownews.com/business-economy/personal-finance/sbi-card-offers-5-cash-back-on-all-online-transactions-know-details-article-93941666 +I see a lot of different opinions on how economics works and what we should do to make it better. I think if someone feels strongly about their beliefs, they should take an actual macroeconomics course and then decide if they still believe what they say. +Just as the title implies, I'm trying to figure out if there's benefit to taking econometrics courses versus standard time series analysis and regressions courses. + +Ultimately, this will help drive my decision on a masters program. +Article link: https://www.reuters.com/technology/facebook-owner-meta-forecasts-q1-revenue-below-estimates-2022-02-02/ + +Feb 2 (Reuters) - Facebook owner Meta Platforms Inc (FB.O) shares plunged 20% late on Wednesday as the social media company missed on Wall Street earnings estimates and posted a weaker-than-expected forecast. + +Meta said it faced hits from Apple Inc's (AAPL.O) privacy changes to its operating system, which have made it harder for brands to target and measure their ads on Facebook and Instagram, and from macroeconomic issues like supply-chain disruptions. read more + +The after-hours slump in Meta shares vaporized $200 billion worth of its market value, with another $15 billion in value lost from peers Twitter Inc (TWTR.N), Snap Inc (SNAP.N) and Pinterest Inc (PINS.N). + +Shares of Alphabet Inc (GOOGL.O), which posted record quarterly sales that topped expectations on Tuesday, were down 1.3%. read more + +Meta, which has the second-largest digital ad platform in the world after Google, had previously warned its advertising business faced "significant uncertainty" in the fourth quarter. read more + +The company forecast first-quarter revenue in the range of $27 billion to $29 billion. Analysts were expecting $30.15 billion, according to IBES data from Refinitiv. + +Apple's changes to its operating software give users the preference to allow tracking of their activity online, making it harder for advertisers who rely on data to develop new products and know their market. + +The company's total revenue, the bulk of which comes from ad sales, rose to $33.67 billion in the fourth quarter from $28.07 billion a year earlier, beating analysts' estimates of $33.40 billion, according to IBES data from Refinitiv. + +Net loss from Meta's Reality Labs, the company's augmented and virtual reality business, was $10.2 billion for the full year 2021, compared with a $6.6 billion loss the previous year. It was the first time the company had broken out this segment in its results. + +CEO Mark Zuckerberg had previously warned that the company's investment in this area would reduce 2021 operating profit by $10 billion and would not be profitable "any time in the near future." + +The company said on Wednesday it would this year change its stock ticker to "META," the latest step in its rebrand to focus on the metaverse, a futuristic idea of virtual environments where users can work, socialize and play. + +The tech giant, which changed its name in October to reflect its metaverse aims, is betting the metaverse will be the successor to the mobile internet. It did not comment on the price of a deal with Roundhill Investments, which said in January it would stop using the symbol for its Roundhill Ball Metaverse ETF. + +Meta's rebrand comes at a time of increasing scrutiny from lawmakers and regulators over allegations of anticompetitive conduct and over the impacts of how it handles harmful or misleading content across its Facebook and Instagram platforms. read more + +"If you're putting billions up front and not really expecting return for years, shareholders are going to be hesitant," ABI Research analyst Eric Abbruzzese said, referring to the metaverse costs. + +Disclosure: I have long positions for $FB. +So as the title says, for my grandparents 70th anniversary they decided to give each of their grandchildren 30k. This was on Sunday and since I wanted to make sure I wasn't walking around with those checks and I went to deposit it immediately through the ATM. In retrospect I realize that was not a great idea. come Monday morning I go to use my card and it is declined, I didn't think much off it because it was through apple pay, but when I went to transfer some funds to my girlfriend through my banking app, that was blocked as well. I immediately called my bank and they said because of the large check there was a restriction put on my account. I understand that it would take a while for the check to clear, but I was told because it was such high amount I cant access any of my funds from any of my accounts until then, however they said it should be fine by 9am the next day and that I should. That wasn't ideal but I have a credit card so I can survive. The next morning (yesterday) nothing had changed. I had to go to work so I was not able to call, but figured Id go to the bank in person when i got off. The Private Client Banker was very friendly and seemed helpful she basically said the bank most likely assumed fraud and was just being careful, she gave me her card and said she call me in the morning. When I checked my email later that night I got a message saying "You cannot use your account, and we will close it soon" Now the message was sent before I went to the bank, but still is stressing me out. Is there anything I should do in the mean time or just wait for the call? + +Edit: I received an email from the banker saying, the back office is asking to confirm the checks with my grandparents. What is the best way to have them do that? + +Edit: thank you for all the responses, I was given a lot of helpful information. It sounds like right now the only way anything is going to happen is by them speaking directly to them. This is weird because my brother was given the same check and they had no problem with him depositing his, most likely because I told him not to use the atm + +Final edit: Everything has been resolved, had the bank call them +I have started studying forex for a month and a half and, even though the 90% statistic scares me, I continue using market simulators for trades and stockpile pdf's to read. But taking all of this into account, will it be enough or is there a threshold I must cross to join the 10%? Does it take time and expertise or a sharp mind? I myself have autism, I find that I'm not too intelligent or clever when it comes to understanding market movements. I have +30 books to read by now, so I won't be hitting that threshold soon, but I want to know if I will be able or not to succeed in this. +We know 90-95 % people are loosing money while trading right ? what if i follow a new trader and do exactly opposite what he is doing because eventually he will loose money and if he loose i will win because i am betting against him. What are your thoughts about it ? + +Edit1 : Thanks for the response guys some people i guess did not get my point they are saying random - random is random or saying spread issues things etc.. let me explain my POV that you have a new Bie average trader that started trading and you know how he will end up in 5 months or in a year he gave u full access of his account you have his accounts API he is taking manual trades unaware of the fact that he is being monitored YOUR BOT is exactly doing the opposite of his trades choosing same qty shorting where he is buying and vice versa where he exited from the position you are exiting and say at made loss of 15000$ after 6 months plus 1500 tax and brokrage and charges In WHAT scenario you woudnt be making 15000 - 1500 = 13500 ??? how its not possible mathematically on what ground ? if we are doing simply opposite of what he is doing ? I am not talking to inverse a loss making algo or system ..i saying to inverse a live manual trader who is driven by EMOTIONS. +This is the **Official AMA (Ask Me Anything) for Justin Dopierala**, the Founder and President of DOMO Capital Management LLC. Please leave comments and questions below, and the sooner the better so Justin can prepare some great answers. **This post will remain active until April 20 @ 4:20 p.m. CT**, at which point it will be locked and Justin will appear on Youtube livestream via the link below to answer questions live. + +He also would like you all to know that he accepts the hardball questions, but remember to be honest and ask earnest questions, as to be respectful of Justin's time. Thank you Justin!!! + +**A message from Justin Dopierala:** + +Hey everyone – really looking forward to the AMA on 4/20 at 4:20 PM Central Time. DOMO Capital is a state-registered investment advisor that manages money for clients identically through separately managed accounts.  Our YouTube channel has a [great video that gives a brief 5 minute introduction on our company](https://www.youtube.com/channel/UC3rCaBlsLlWJagcpbsais4w) that might answer some of the questions you would have. You can read more about our [philosophy, discipline, and process on our website](https://www.domocapital.com/philosophy.html) where you can also view our [Fact Sheet](https://www.domocapital.com/factsheet.html). + +A lot of you are probably aware of DOMO Capital from our Twitter posts, but we’re also one of the few “OGs” when it comes to GameStop.  In fact, we are currently shooting footage, at this very moment, for what will be the one and only legitimate GameStop documentary which is being produced by Jonah Tulis and Submarine Entertainment for one of the top distributors in the world ([you can read more about it here](https://deadline.com/2021/02/jonah-tulis-gamestop-documentary-submarine-1234687991/)). I am the Midwestern father of two that is mentioned in the write-up. + +I started investing clients of DOMO Capital into GameStop back in 2018. As time went on, I started to get frustrated with bearish article after bearish article framing GameStop in a way that was completely inaccurate. Therefore, I decided that action needed to be taken, and I started writing about GameStop in May of 2019. I ended up writing [6 articles on GameStop through October of 2020](https://seekingalpha.com/author/justin-dopierala#regular_articles&ticker=gme). It is true that we sold our last shares in January of 2021 in the $40’s, but we were also buying shares of GME for our clients in the mid $2’s. I’ve had the pleasure of having many conversations with many of the main people involved: Ryan Cohen, Senvest, Kurt Wolf, George Sherman, Jim Bell, etc. + +[Here is a link to my bio](https://www.domocapital.com/team.html) \- I am by no means an expert on the intricacies of what goes on behind the scenes in the market from a trading standpoint. I will answer your questions in this regard as best I can, but don’t expect any great insights from me on fail to delivers or anything like that. It is likely beyond my comprehension! + +I am looking forward to the AMA and am truly happy to answer any questions you have. In no way should any of my comments be construed as financial advice as this AMA is for educational purposes only. + +DOMO Capital is known for going against the grain and doing things a little differently and this AMA will be no different.  Instead of responding to your comments with comments – we are going to host a live stream from our YouTube channel and answer the questions on video. Chat on the stream will be turned off so that we can focus solely on the questions that are being asked of us on Reddit. + +# [JOIN THE LIVESTREAM HERE](https://youtu.be/lSSajuW0kQI) - starts April 20 @ 4:20 p.m. CT + +\--- + +DISCLAIMER: + +DOMO Capital Management, LLC ("DOMO") is a state-registered investment adviser in Wisconsin and Michigan. Justin R. Dopierala is the President and Founder, and a registered investment adviser representative, of DOMO. Additional information about DOMO is disclosed in our Form ADV, which is available upon request. All information contained herein is for general informational purposes only and does not constitute a solicitation or an offer to provide investment advisory services in any jurisdiction. The investment strategy discussed herein may not be suitable for everyone. Investors need to review an investment strategy for their own particular situation before making any investment decision. We believe the information obtained from any third-party resources to be reliable, but we do not guarantee its accuracy, timeliness or completeness. The opinions, estimates, projections, comments on financial market trends and other information contained herein constitute our judgment and are as of the date of the material, are subject to change without notice at any time in reaction to shifting market conditions and other factors and should not be construed as personalized investment advice. DOMO has no obligation to provide any updates or changes to such information. + +Past performance is not indicative of future results. The opinions presented cannot be viewed as an indicator of future performance. It should not be assumed that investments made in the future will be profitable or will equal the performance represented herein. More recent returns may be more or less than those shown. Investing entails risk, including possible loss of principal. DOMO does not guarantee any minimum level of investment performance or the success of any investment strategy. The DOMO Concentrated All Cap Value Composite (the "DOMO Composite") includes all accounts managed by DOMO employing the Concentrated All Cap Value strategy. A complete description of the strategy and its attendant risks is included in our Form ADV Part 2A brochure. The inception date of the DOMO Composite was October 8, 2008. Mr. Dopierala has served as a portfolio manager for the strategy since inception. The benchmark index reflected herein, the S&P 500 Total Return Index (the "S&P 500 TR Index"), is a capitalization-weighted index of 500 stocks from a broad range of industries. The component stocks are weighted according to the total market value of their outstanding shares. Index returns are provided to represent the investment environment existing during the time periods shown. Indexes are unmanaged and do not include management fees, transaction costs and other expenses that are incurred in connection with a managed account. An index will include a different degree of investment in individual securities, industries or sectors from DOMO's investment strategy. Indexes do not predict future results. The benchmark index is shown for comparative purposes only. Investors cannot invest directly in an index. The returns for the DOMO Composite and the S&P 500 TR Index include reinvestment of dividends and other earnings. Returns for periods longer than one year are annualized unless otherwise noted. Cumulative returns are the aggregate amount that an investment has gained or lost, independent of the period of time involved, presented as a percentage. + +Gross performance figures do not reflect the deduction of management fees and custodial fees, but do reflect all trading expenses and all expenses charged by underlying funds and investment vehicles. Client returns will be reduced by management fees and other expenses incurred in connection with a managed account. Inclusion of references to individual securities is intended for illustrative purposes only. References to specific securities should not be viewed as representative of an entire portfolio, nor should the performance of any particular security be viewed as representative of the performance experienced by any other security or portfolio. It should not be assumed that future recommendations will be profitable or will equal the performance of securities included herein. +[**Dogira’s July Medium Update is hot off the press**](https://dogira-team.medium.com/july-update-dogira-b389a93ae276), and wow. This coin is *going places FAST!* Here’s a quick snapshot of what’s happening during their Quarter 3, and why these developments are unprecedented: + +Dogira used it’s massive marketing budget to hire the extremely reputable and respected Coinbound team to handle their market-facing communications and content. + +Because Coinbound has high profile clients like **eToro**, **MetaMask**, **Voyager**, **Nexo**, and a host of other projects, Dogira will gain visibility with a larger investor pool who are interested in funding long-term projects. + +On an upcoming BattleBots episode on Discovery Channel, Dogira has sponsored a competitor and his *machine 0’ mayhem*. + +The Dogira logo will be front and center when introducing the team and with an initial viewing audience of a million—let’s just say that Dogira will have a MASSIVE exposure opportunity. + +The team has also set its sights on the Asian market. They’ve hired an Asian crypto marketing firm that can get the job done right. Expect a significant push into these markets as well as a subsequent larger holderbase. + +**Summer of Dogira TL;DR:** + +* Dogira hired Coinbound for market-facing content and marketing +* The team has sponsored a competitor in an upcoming episode of *BattleBots*, airing on the Discovery Channel +* A skilled Asian crypto marketing firm has been hired to target a new international audience + +[Buy now on Uniswap](https://app.uniswap.org/#/swap?outputCurrency=0x4b86e0295e7d32433ffa6411b82b4f4e56a581e1&use=V2), before you lose out on a huge gains opportunity. +# 🚀 Time to expose the shell game. +[The Shell Game](https://imgur.com/wKBpPdI) +###FTDs are not “reset”. FTDs on ETFs help show the short positions on the underlying securities. + +Edit: Each Shell Game post is intended to be read sequentially. You've been misinformed on FTDs. You'll feel great after you go through this journey with me. + +* [Shell Game II]( https://www.reddit.com/r/Superstonk/comments/mwnnmj/the_shell_game_revisited_how_etfs_work_and_what/) +* [Shell Game III](https://www.reddit.com/r/Superstonk/comments/myn9vn/the_shell_game_iii_lifting_the_final_cups_for/) + +Many talented DD writers have theorized that FTDs are being reset using deep ITM call options and although it appears to be a credible theory that no doubt applies to many stocks, the singular attention it receives may have clouded our vision. I invite you all to take a step back and look at the raw data with me. The truth is, FTDs are a mechanism of an illiquid stock. They are an obligation on the part of the broker/dealer that carries a clear T+5 requirement to be rightfully delivered. That obligation requires that the security be purchased off the open market to be paid back within T+13 days, otherwise, the broker/dealer is restricted from accepting short sale orders from anyone else. + +For more information on FTDs (“failure to delivers”), please see my entire body of work, specifically the links DD tab to get up to speed. I promise you will not regret it: + +* https://docs.google.com/spreadsheets/d/1VhxsUkiMEdSFybr5E4jI0iARQ6urRvVYafjZe1uLly4/edit#gid=0 + +Special call-out to the ETF document from /u/turdfurg23. It has been a huge help for me. + +* https://docs.google.com/spreadsheets/d/1vhbn6HqmkhwHqtSj0CDNHeCNuNOp-hPcmfur0pZUuFs/edit#gid=0 + + +##Now these FTD obligations can be granted extensions. + +See here: +https://www.finra.org/rules-guidance/notices/information-notice-120120 + +[Settlement Dates that an FTD position can extend to](https://i.imgur.com/9zq2m3T.png) + + + + +[In my FTD document](https://docs.google.com/spreadsheets/d/1VhxsUkiMEdSFybr5E4jI0iARQ6urRvVYafjZe1uLly4/edit#gid=0), I believe I have identified the smoking gun of how these shares have been borrowed and subsequently extended against. T+5+30 (T+35) FTD obligations of IWN created massive volume-upticks on the T+35 date. In my opinion, I have proven that ETFs were used to “reset” FTDs, but I am open for arguments against it. + + +#🚀 The Train of Thought. + +###Imagine this scenario. + +You shorted GameStop in December because you have a raging FTD problem that keeps biting you in the ass every 13 days, and you MUST exit this position. Unfortunately, GME is now too expensive to short and you are running out of options. + +[iborrowdesk.com screenshot](https://imgur.com/2fZBxCN) + +So, you call up your friend who holds the a bunch of settled GME shares in an ETF (XRT) and you borrow those to wash yourself of the FTD problem with GME. I say XRT, because look at the GME FTD rate on 12/14/2020 and then the pop of FTD rate out of nowhere from XRT on 12/16/2020! + + [ETFs are the timebombs they use to hide FTDs](https://imgur.com/In1pyzJ) + +On 1/29/2021, the extent of that borrow becomes obvious. At least 2 million GME shares were utilized to wash someone short out of their FTD problem that they dumped onto the SPDR S&P Retail ETF. + +And the best part. The highly advertised XRT ETF was not the only one that did this on that same day. In fact, they WEREN’T EVEN THE MOST: + +[If you smellllllllllll. What the Rock. Is Cooking.](https://imgur.com/kUAMqDJ) + +Blackrock’s IWM ETF exploded without warning and then dissipated away. What is happening here? + +#🚀 FPL Programs and why haven’t we talked about this? + + +Because the FTD #s were just starting to become talked about in mid-to-late January in the mainstream WSB community, the shorts knew they had to rotate that FTD reporting off the "GME" books and hide in internal Q1 data reporting. Coincidentally, by rotating the FTD problem internally through using ETFs, this freed up A LOT of settled shares to limit the FTD problem with OR allowed to be borrowed to short again (Blackrock). + +###So, with that line of thinking established, we should see a clear rise in FTDs in these ETFs of anyone who is running a “FPL Program”. + +###What is an FPL Program? + +I will let this letter from Ms. Elizabeth Baird of the SEC to Kris Dailey, Vice President of the Office of Financial and Operational Risk Policy of the Financial Industry Regulatory Authority @ One World Financial Center (phew), speak for itself. +https://www.sec.gov/divisions/marketreg/mr-noaction/2020/finra-fpl-20201022-15c3-3.pdf + +[She said it. Not me. I’m merely just a messenger](https://imgur.com/lgWvsvm) + +###What does this mean to an ape? + +https://www.thebalancecareers.com/sec-rule-15c3-3-1286902 + +Rule 15C3-3 established the requirement to keep enough cash and securities in a segregated account that will cover a portion of the costs of a major market move. Here is the law for review: + +https://www.law.cornell.edu/cfr/text/17/240.15c3-3 + +Therefore, this is my interpretation of the days to come. I know dates are frowned upon, *but I believe I can call attention to the date established by the Financial Industry Regulatory Authority.* + + +# 🚀 TOMORROW (DAWN OF THE FIRST DAY) April 22, 2021: + +The markets will open “frothy”. All the players are aware of the collateral requirements of their own positions. Every advancement on a position your institution is not long on, is a direct attack on that another institution’s way of life. GME will be in a very precarious position. As a negative beta stock, and the biggest one of them all, all volume on long/short will influence the direction the market moves. It is both equally possible for the stock to explode with volatility we have never seen before, or it remain pinned on the Max Pain line for another day to continue to bleed off delta. In either case, the world will be watching with bated breath. + +Assuming there are broker/dealers out there that did not come into compliance with Rule 15c3-3 by end of trading tomorrow, they will officially be out of compliance and everyone will be looking to the SEC for action. But… if there is a broker/dealer out there right now wondering if they have enough collateral to cover tomorrow’s many hypothetical situations… you can bet your ass they are sweating bullets right now. + + + +###The “winner” of this battleground will set the collateral requirements for the “loser” as outlined here: +[Margin is Calling](https://imgur.com/0C5FJxu) + +#🚀 In Conclusion + + +[IT IS TIME TO COVER](https://imgur.com/6U25Mcv) + + +Moon Soon. +I'm Canadian. + +I'm thankful for the free universal healthcare. +But I have a pretty fragile health and it can be tough to get timely + and effective treatment here. + +Any idea where in the world I can go spend my money for quality healthcare? +**CumRocket starts a big marketing campaign for Asia tomorrow 🐅** + +Remember when CumRocket started with some anime/hentai artworks? Back when it could only be bought on Pancakeswap and dismissed as just another shitcoin? I do. *And I was poor*. Now they work with tons of top-tier amateur models such as brand ambassadors Shelby Paris, Lauren Phillips, and Lacey London to make NSFW NFTs. And now I'm not poor. And now you can buy CumRocket hassle free and not be poor either, + +CumRocket is about to pump so hard your wallet will get pregnant. CumRocket is debuting on it's first centralized Exchange Coin Tiger in less than 2 hours! + +In cooperation with CoinTiger CumRocket will start a big marketing campaign towards Asia. So perhaps those hentai NFT's will still do the job for some. CoinTiger is well known in Asia and will help the brand reach into an eager yet untouched market. Some things the team confirmed for listing: + +* CoinTiger Frontpage Advertisement +* Translation for 12 Official CoinTiger Communities +* Press Release of listing on Top Asian Crypto Media + +CumRocket already delivered some big surprises within a short period of time and I'm very excited for their next steps. Swelling with excitement. Bulging with it. My excitement, it's going to burst! + +Better check out the project before listing tomorrow. + +[Website](https://cumrocketcrypto.com/) includes Contract Address, NFT Marketplace (LIVE AND FUNCTIONING) Whitepaper, Roadmap, Partnerships and more + +[Second AMA](https://www.twitch.tv/videos/1014627189) and go watch the [first one](https://www.youtube.com/watch?v=XZA5eYv1umk) if you haven't already. + +[Telegram](https://t.me/cumrocket) + +[Twitter](https://twitter.com/CumRocketCrypto) +**CumRocket starts a big marketing campaign for Asia tomorrow 🐅** + +Remember when CumRocket started with some anime/hentai artworks? Back when it could only be bought on Pancakeswap and dismissed as just another shitcoin? I do. *And I was poor*. Now they work with tons of top-tier amateur models such as brand ambassadors Shelby Paris, Lauren Phillips, and Lacey London to make NSFW NFTs. And now I'm not poor. And now you can buy CumRocket hassle free and not be poor either, + +CumRocket is about to pump so hard your wallet will get pregnant. CumRocket is debuting on it's first centralized Exchange Coin Tiger in less than 2 hours! + +In cooperation with CoinTiger CumRocket will start a big marketing campaign towards Asia. So perhaps those hentai NFT's will still do the job for some. CoinTiger is well known in Asia and will help the brand reach into an eager yet untouched market. Some things the team confirmed for listing: + +* CoinTiger Frontpage Advertisement +* Translation for 12 Official CoinTiger Communities +* Press Release of listing on Top Asian Crypto Media + +CumRocket already delivered some big surprises within a short period of time and I'm very excited for their next steps. Swelling with excitement. Bulging with it. My excitement, it's going to burst! + +Better check out the project before listing tomorrow. + +[Website](https://cumrocketcrypto.com/) includes Contract Address, NFT Marketplace (LIVE AND FUNCTIONING) Whitepaper, Roadmap, Partnerships and more + +[Second AMA](https://www.twitch.tv/videos/1014627189) and go watch the [first one](https://www.youtube.com/watch?v=XZA5eYv1umk) if you haven't already. + +[Telegram](https://t.me/cumrocket) + +[Twitter](https://twitter.com/CumRocketCrypto) +Ok 🦍, before we get down to the nitty gritty, here's what's new: + +We are 5 days old and have one of the healthiest looking charts on the BSC relative to BNB over that time period. + +Our early investors are made up of professional businessmen who don't even know how to sell. Seriously, look at that chart. No initial dump after launch whatsoever. 📈 + +10M Market Cap with only 2700 holders. Our foundation is built upon professional investors with huge amounts of capital to support this project until it grows into an absolute behemoth of industry. 🌃 + +🦎 We were listed on CoinGecko in under 72 hours! 🦎 + +$20,000 USD (total value) Bora Bora trip and token giveaway! Make sure to check our website and socials for the details on how you can win! + +We just appointed a new Chief Operating Officer with major connections in the hospitality and casino industries. Please see our website for more details. + +_____________________________________________________ + +Quick list of our accomplishments so far: + +Launch: COMPLETE ✅ +Whitepaper: COMPLETE ✅ +Solidity Audit: SUCCESSFUL ✅ +Techrate Audit: SUCCESSFUL ✅ +3x Letters of Intent from official partners: SIGNED ✅ +Business Utility: CONFIRMED ✅ +CoinGecko: LISTED ✅ +CMC: COMING SOON ⌛️ + +If you've heard enough, here's the contract: 0xA3424FB48b9FA2FF8D3366eD91f36b4cDa7cAdd8 + +____________________________________________________ + +However, if you really want to know what we're all about, and you should because I've never seen such a professional project on the BSC, read on fellow 🦍: + +What is Vacay (VACAY)? 🏝 + +TL;DR - You will be able to pay for your travel expenses with $VACAY + +Vacay aims to capitalize on the global tourism, travel, and hospitality industry, which is valued at approximately $9.25 trillion dollars, by leveraging the executive management team’s extensive experience and network in the industry to form strategic partnerships with hotel chains, airlines, rental car services and renowned restaurants around the world. This IS the perfect storm of a "reopening play". + +Tokenomics? 💰 + +Original Supply: 1,000,000,000 50% Burn Before Launch - Current Supply: 500,000,000 3% Transaction Tax: This tax is sent directly to Liquidity Please note that our token has a relatively low supply and is NOT deflationary! Staking will be coming in a future update. + +Who are the Founders of Vacay? 🏦 + +Paul Mulder (CEO), Johan Bleeksma (CFO), and Peter Keijzer (COO) are the founding members of Vacay. + +You can learn more about them on our website. As of the time of this writing, Paul is doxxed with a video, and more info about our founders will be coming soon. + +____________________________________________________ + +Where Can I Buy Vacay? 💸 + +🥞https://exchange.pancakeswap.finance/#/swap?inputCurrency=0xA3424FB48b9FA2FF8D3366eD91f36b4cDa7cAdd8 + +🐥 https://t.me/vacayfinance + +💬 https://www.vacay.finance/ + +📄 https://www.vacay.finance/post/whitepaper +What do people think about this? Going to have a negative impact to the markets on Monday? + +It certainly can't be good for green energy stocks as it was the only real opportunity for helping that industry. + +https://www.rollingstone.com/politics/politics-news/joe-manchin-build-back-better-joe-biden-1273873/ +2020 has been the year of ETFs (in addition to being a year of a lot of other things). Index-based passive, low-cost investing is really being questioned for the first time in the decade by skeptics who have long argued that passive investing misallocates precious funds by discounting future innovative/disruptive potential by solely focusing on their current size. + +I am also a 2020 convert: from being a passive-only investor to a combination of passive (smaller %) and active (larger %) as I have watched Cathie Wood's interviews. Let's build a list of most popular ETFs in this sub so that others can research on them before investing. + +My favorite ones are: + +1) Invested in all ARK ETFs (K, FGQW) + +2) WCLD + +3) JETS + +4) Still deciding between ICLN, PBW, QCLN + +5) Recently came across QTUM, FIVG, BATT, BTEK, GINN, BOTZ. Yet to research on them. + +6) Also invested in QQQ, QQQJ + +7) Combination of VGT, VOX, VCR to gain exposure to all FAANGMs + TSLA. + +Please list your favorite ones. +[https://www.insider.com/italy-town-maenza-selling-one-euro-houses-near-rome-2021-8](https://www.insider.com/italy-town-maenza-selling-one-euro-houses-near-rome-2021-8) +First a foremost, thank you to everyone in the sub who has made the previous AMA’s so successful! + +As an update to everyone, I left my position at a ~$5B RIA to focus on the gym that I own and focus on Real Estate development, which I have dabbled in over the last few years. + +There are a lot of good questions in the previous AMA’s regarding fees, fiduciary status, private capital etc. + +My goal moving forward is to be a free resource to all of you from the perspective of someone who has experience working at the top-end of the industry. + +I am happy to answer more detailed questions via DM or whatever means necessary. + + +AMA! - mep42 + +[AMA #1 ](https://www.reddit.com/r/fatFIRE/comments/mhxhsq/ama_i_am_a_wealth_advisor_to_high_net_worth/) + +[AMA# 2](https://www.reddit.com/r/fatFIRE/comments/n5m09a/ama_follow_up_post_i_am_a_wealth_advisor_to_high/) + + +**EDIT - I am trying to get back to everyone as soon as I can, but there are a lot of messages! Thanks everyone! +PSA for anybody in here, especially people who compare their gains to others, give in to FOMO and are hitting their heads due to thinking in hindsight. + +The vast majority of people do not invest any kind of money into their future, all they think about is how to spend it on material stuff - as long as you're intrigued by the idea of holding a bunch of currencies that could potentially bring you financial freedom in the future - you're doing really great! + +You really don't have to catch the next big thing or every single moonshot opportunity, as long as you're in crypto and chipping in funds every now and then, you're setting yourself up for great success in the future. + +Once you've made substantial gains is also isn't a bad idea to diversify your investments, but that's on you. Getting out of debt is an investment too. Taking the time to understand projects and learn new things is an investment in yourself. + + +Edit: Pressed enter too early. + + +Anyways, props to you for being here and keep up being part of a global change for the better. You're killing it! + +So, this is a pretty personal post but whatever, reddit has been my family these past few months. + +I'm a fatFIREd woman in Canada going through a separation/divorce with a man who is a blue collar worker. + +I wasn't anywhere near fat when we married, but I did write up a marriage contract which he signed at a notary office prior to the wedding. + +Initially, I paid a lawyer to write the contract, but what the lawyer gave me had other people's names in it. He had just copy and pasted someone else's contract and tried to pass it off on me. When I pointed it out, he said too bad and kept my money which at that time was a lot of money to me ($1200) + +So I wrote my own contract which basically said: any businesses either of us individually owned would not be considered marital property. However, everything earned personally and purchased personally would be marital property. + +My husband refused to get a lawyer to go over the contract prior to signing, saying it was unnecessary (he worked in the court system at the time). I thought it would be fine, and since my experiences with lawyers up to then hadn't been great, well... that's why I was fine with it. + +So we were married for 15 years and my personal income grew(300,000+) and his stayed low (~30,000). We lived a middle class life, I worked from home and raised our child and his son from a prior relationship, while he worked outside of the home. I was the homemaker and the breadwinner the entire relationship. + +Our personal net worth is about 3,000,000 which will be split as marital property. + +My company is worth ~20,000,000 and his is worth ~50,000, which according to the contract we signed would be excluded from marital property. + +The problem is, my husband has notified me that he will be ignoring the contract and is expecting full division of all property plus spousal support. + +My question is this: + +Is there any point in me fighting to try to make this contract stick, or is it mostly hopeless due to the lack of council?My lawyer says we can try but it's going to be very expensive and there are no guarantees. + +I feel completely defeated and like I should just not bother to fight. That giving him half would just be the cheapest and easiest thing to do. However, it also feels so unfair to me.... I didn't live the life I wanted to live, because I was supporting his dreams and raising his kids during our marriage. In fact both of the kids, including his adult son, still live with me. + +Does anyone out there have any similar experience they can share? Is there any hope for me to save my company? +The Form 13H is required by law to file within 10 business days after submitting a large transaction.. +This is required for the SEC large trader reporting system. + +So who is a large trader? It's either a natural person or a legal person that trades: + +- 2 mil shares or shares that reach a threshold of $20 mil within 24 hours. + +- 20 mil shares or $200 mil in total worth within a calendar month. + +If you like to learn more about it here is a link that summarizes it nicely: + https://content.next.westlaw.com/Document/If3301d7f24a811e598dc8b09b4f043e0/View/FullText.html?contextData=(sc.Default)&transitionType=Default&firstPage=true + +Not filing the 13H with the SEC will not only make them squeeze your nutsack but will make them slap your wrist really badly and taking some $50k from you so don't delay, file on moass day! + + +FAQ Edit: Since the most asked question seems to be weather people from other countries have to file this form aswell, I bold it for better visibility: +------ + +Big thanks to u/blagger89 + +For EU / UK / International apes. + + +Are non-US entities that are Large Traders subject to a specific exemption? +----- + If a non-US entity effects transactions +through a non-US intermediary, what are the required actions? +The Adopted Rule requires a non-US entity that is a Large Trader to comply with the identification requirements of Form +13H. With respect to the recordkeeping and reporting requirements, however, the SEC notes that recordkeeping and +reporting requirements of the Adopted Rule explicitly apply only to US-registered broker-dealers. +In the Adopting Release, the SEC provides guidance regarding dealing with non-US intermediaries. The SEC states that +when a U.S.-registered broker-dealer deals directly with a non-US entity that is an intermediary, it would treat that +intermediary like any other customer: it must collect the information specified by Adopted Rule 13h-1(d)(2) about the non- +U.S. intermediary’s transactions (if it is a Large Trader) and, if it is an Unidentified Large Trader, the broker-dealer must also +collect the information specified by Adopted Rule 13h-1(d)(3).10 The Adopted Rule does not require a registered broker- +dealer to collect identifying information for the non-US intermediary’s customers. + +https://www.google.com/url?sa=t&source=web&rct=j&url=https://www.shearman.com/-/media/Files/NewsInsights/Publications/2011/11/Large-Trader-Reporting-FAQs/Files/View-full-memo-Large-Trader-Reporting-FAQs/FileAttachment/LargeTraderReportingFAQsFIA110911.pdf&ved=2ahUKEwj5m7O_gcfyAhUIRUEAHdmqDIsQFnoECBAQAQ&usg=AOvVaw0_T3E1hPq7izTIGE7qSOt8 + +Interesting note for all T212 users (Omegalul on anyone still using them): +------- +Thanks to u/LannyDamby + +Just asked Trading212 and this was their response + +"Please note that as an FCA regulated broker, we do not require this from our clients. Also please have in mind that we do not submit anything on behalf of our clients and they have to submit the relevant information themselves. + +I would like to inform you that it is not required to fill in any form since shares are held in an omnibus account." + +My thaughts: +Seems like with some brokers you are not legally obliged to file the 13H because you are not officially the holder of the shares. Some brokers (like T212) hold the shares on behalf of you (IOU of a stock) and they file the 13H because in theory you hold nothing. Its a strange bastardized form of an over the counter trading agreement with your brokerage. + +Edit: Big thanks to u/PlasmaTune for providing the actual link of the form 13H PDF. https://www.sec.gov/files/form13h.pdf + +Edit 2: Due to FAQ: ~~yes, even Euroapes have to file this form. It is international. If you check the PDF you see that you have to include the country, zip/postal code etc. As long as you trade an American stock and reach the threshold, you have to file this form.~~ Unconfirmed, I have no sufficient data on this topic. When someone with more wrinkles educates us on this, I will update. + +Edit 3: Here the FAQ site on the SEC website regarding the form 13H. Sadly no info for international traders. https://www.sec.gov/divisions/marketreg/large-trader-faqs.htm + +Edit 4: According to scotia Itrade (Canada), 13H has to be filed by Canadians but they (the broker) might file it themselves. Thanks to u/ResidentBee99 + +Edit 5: From the wording on the FAQ page of the SEC it seems like you only have to file the 13H once, because then you are electronically registered as a large cap trader. However I am no legal advisor and no expert on that field at all. + +Edit 6: To file the form you have to register yourself with Edgar. https://www.sec.gov/edgar.shtml + +Fun side note of an ape texting me personally because he does not meet Karma requirements to comment: +--------- +PM by u/stairwaytothestonks + +// +Hello there, + +Thanks a lot for posting this. I digged a little into the SEC's website and noticed that it states that this rule applies when we reach the threshold of 20M$ / trade with a FAIR MARKET VALUE. + +But if most of the everyday trades on GME goes through a dark pool then can we really consider it to be enforcable ? I am in no way legally qualified to answer this but it made my spidey sense tingle :) I don't meet superstonk's karma requirement to comment on my own so if you could put an edit on your post about this I'd be grateful since I would be interested in the answer of some more wrinkled brains :) 🙏 + +The link of the sec's website : https://www.sec.gov/divisions/marketreg/large-trader-faqs.htm + +Cheers +// + +I personally don't know if this actually has any legal merits. As a fact we apes know that the price is wrong and not fairly declared but in an event of a short squeeze (which is the epiphany of price discorvery and proper consolidation) it seems like the price will be displayed truthfully for the first time since several years. I personally will file an 13H even if I'm an german ape. I just don't want to give the US government any chance of being able to fuck me over post tendieization. +I have this friend who keeps mentioning how little money she has. I've known her since middle school, and this is something her parents also used to do, even though they were highly educated and had good jobs. Whenever we talk, she'll mention how she's low on money. She is VERY well educated with a number of degrees and a well paying job. She has made a down-payment on a house and has some investments. I'm not sure what she wants to accomplish by always mentioning how little money she has. I asked her specifically and she said there's little money left over, but to me, things like investments also count towards your worth. In this first world problem situation, I feel like she has to know herself how much money she can invest, etc, and still have enough left over. Should I tell her to stop mentioning it? Am I overreacting? + +P.s. I hope this post is ok, as it's not directly asking about financial advice. +I have been a life long dividend investor brought up by my dividend investor parents. I stumbled on options and theta gang 3 months ago. I have never seen this amount of gains in my life. I’m a teacher, and I officially earn more in premiums a week than my measly bi weekly paycheck. Thank you so much theta gang and god bless America. I just needed to post this +Everyone needs to vote. Non voters will be marked as AGAINST. + +IF YOU ARE NEW TO BUYING GAMESTOP SHARES, AFTER YOUR SHARES HAVE BEEN SETTLED, YOU NEED TO THEN VOTE "FOR" ON ALL THE OPTIONS. YOU CAN DO THIS VIA YOUR BROKER. + +EVERYONE NEEDS TO VOTE. RC TOLD US. DONT BE LAZY. + +EVERY VOTE MATTERS. + +EDIT: DRS +EDIT2: FROM ANOTHER APE - u/amokiir +Non-votes are for while abstains are against. They're different. Also, there was a cut off date for voting, so anyone buying now cannot vote. Just want us to he spreading accurate information 👍 U/AMOKIIR + +I just also want to remind apes no matter what the results are or how they are forecasted, at least we can take that extra step and get as many votes as we can registered. +My dad recently reached out to me asking my thoughts about establishing a trust for my younger siblings. He asked me what would be a reasonable amount to provide, and I told him I thought that enough to cover college, emergency medical expenses, and maybe a down payment would be appropriate (he's very cautious about spoiling his kids). He was open to that idea, but he also said he also thinks of it as a kind of insurance so that they won't be destitute. + +After having that conversation, he reached out to me to let me know that he's establishing a trust for my (much younger--still in elementary school) siblings, but that he wasn't sure it made sense to make one for me, given that I'm already a reasonably responsible adult and making good money at my tech job, and thus he's not so worried about me winding up on the streets. But he also said I might still like to have a trust fund because it carries various legal protections (for example, it's beyond creditors, can't be taken away in case of divorce, etc.). He said he'd like to know my thoughts. + +I'm not sure how to respond. Obviously, I wouldn't mind having the additional financial support, especially because I worry about being able to afford a house someday. I make reasonably good money at my tech job (especially for someone in their 20s), but things like housing and education for potential future children are still so expensive (especially in tech hubs). + +Even though my dad is wealthy, I've basically never asked him for money except to buy things like textbooks and school supplies. He was very careful not to spoil me growing up, and stopped giving me spending money the minute I was of legal working age. I want to respect his philosophy with regard to money and how he shares it, so I don't know how to respond given that this is the first time he's ever offered it to me like this. It feels like such an open-ended question: "Not sure if establishing a trust for you makes sense, since you've already turned out well, but would you want one anyway?" + +How would you respond in this situation? If you have more in common with my dad in this situation, how would you like your child to approach the conversation? + +**TL;DR** Dad is thinking of establishing a trust for me but says he isn't sure and has asked me for my thoughts. Not sure how to respond. +It doesn’t matter where you are from, go vote. Our German brothers are the perfect example, after weeks of nagging, they are now able to vote. + +You can’t sit this one out. Don’t be lazy. + +Go call your broker, write an email, use customer support chat and demand to vote with your shares! + +There is no later, go and vote NOW! + +🇬🇧 For UK APES 🇬🇧 + +https://www.reddit.com/r/Superstonk/comments/ncfvj4/letter_for_ukapes_to_help_get_their_votes/?utm_source=share&amp;utm_medium=ios_app&amp;utm_name=iossmf + +Obligatory 🚀❤️ +I have got four CCs. Going to close one soon. + + +I keep getting offers for LTF CCs, so I was wondering if having too many would be detrimental in anyway. Some background, I'm a very budget-conscious, disciplined user. Never have I ever paid any interest in 7-8 years of holding CCs. I always pay the bills well before due dates. I don't spend more than I can afford or plan on, my spendings are usually 10-15% of credit limits, or even less than that in some months. I plan my shopping keeping reward points in mind and get the best out of them. + + +Currently, the four CC I have are: + + +1. Axis Flipkart - For Flipkart and Myntra shopping. Get 5% off on those two sites. +2. ICICI Amazon - Get 5% off on Amazon. My phone bill is almost always covered by that 5%. +3. HDFC Diner's Black - Get 16.6-33.33% in reward points with some caps. Use it to buy airtickets and I only pay like 30% of actual airfare. +4. Indusind Platinum - This is the least used, and I'm planning to close it as CB and RP are not as useful as the other three. + +All these are LTF CCs and I do not pay any annual fees. I've got offers for more LTF CCs and I am just wondering if there is some catch there which I've missed. For example, the one I'm considering now is RBL Zomato Edition Classic, which gives me Zomato Pro free for as long as I hold it, and it is an LTF card, so I won't be paying anything. So considering my track record of having never paid any interest in the last 7-8 years, how many CCs should I hold? As many as I can? Or is there some logical limit? +Training starts Friday, pays $18.50 per hour, probably gonna lose my food stamps as this puts me at $31,000 per year if my math is right. Credit karma has my credit scores at 560ish for both equifax and transunion, both derogatory marks are less than $400 a peice. I'd be happy to pay them off If I knew how. + +If I did the math right, I should be earning $700 per week. My existing expenses are as follows. + +Car insurance, $552 biannuall + +Phone: $300 biannuall + +Triple A: $60 biannuall + +Gym membership: $25 a month, this is how I shower. + + +I live in my car, so no rental payment, but winter is coming here in Colorado so I may have to reconsider my position. + +Both are paid up in advanced through February, and I fully intend to have another 6 months ready for the next payment. + +I have $400 to my name at the time of writing this, and I want to have bare minimum of $10,000 in my account by the end of 2022. + +I'm open to suggestions. + +Edit: added more details as people were asking. Also added more of my monthly expenses as its been coming up. + + +Update: so it turns out that the training i thought I would get isn't actually happening. The way I understood it, I would be sat behind the wheel of the sprinter van, train for a few days, and then get tested. + +What ended up happening, was that I instead was plopped into the van and tested with no training at all. Idk if any of you have ever driven a sprinter van before, but its difficult for us 6ft bastards with no experience. I ended up losing the job. +I recently inherited a duplex--paid off. My wife and I have been occupying one of the units for about a year. We love our tenants/neighbors and have no interest in raising the rent just because we can. Three months ago when we really locked in that we were going to be able get the house I looked up the average rents in the neighborhood and our tenants were 92% of mean but actually over the median--I felt ok about their rate as it's a pretty average property. Now they're at 63% of mean and 68% of median. What in the actual fuck is happening? + +As I said, these tenants are good neighbors and since the house is paid off we're not feeling the stress of needing make a note. All that means we'd rather keep them than price them out by running up the rent just because we can. The main thing I want to know is what's driving this balloon? + +EDIT: Sorry about the title. Mean rent now is 146% of the mean three months ago. + +DOUBLE-EDIT: So many replies. I understand my unique situation gives me more leeway than many people who have needs they have to meet. Being new to this I was curious as to all the forces at work that could be driving such a dramatic increase in the space of just three months. If I'd seen something like that over the span of a year I think I'd have been surprised, let alone a quarter of one. I guess, ultimately, I was curious if there was something unique to REI that might be the culprit. You know I got an A in economics in high school, and I read the econ section of the paper so I understand supply/demand, & inflation. But a 46% increase is beyond the pale of both the housing increase and the overall inflation rate right now. The current inflation rate being 6.8%, and the annual housing increase being 17.6% over the year--neither of those obviously coming close to that 46%. If things continued apace (being up 46% every three months) after nine more months the mean rent would be $5913. This growth can't be sustainable. +On here I quite often read that people "invest" in cryptos. This implies that by buying cryptos, this money goes toward the development of the project itself. If you invest in a company for example, you expect the company to use your money to build better facilities, hire better staff, and in turn become more competitive and drive home a bigger profit. Your investment is then usually repaid in terms of dividends. + +However, with cryptos we don't really buy part of a company in the traditional sense. I think we should look at it like commodities. For example, you buy gold for $1000 on the commodity market. This gold doesn't do anything, just like bitcoins don't do anything. Your only way to make money is to find someone who will pay more for this commodity than you bought it for. And in this case, we are talking about speculation. + +This difference in language is quite importat in my opinion since most people think that investments are a safe(r) bet. I think people in general are much more willing to invest money into a company than you are willing to speculate (or bet) on the commodity market. What do you think? + +Edit: formatting +Edit 2: Reading the comments, I realise that this may be seen as splitting hairs since there s a fine and not always clear difference between speculation and investing, that depends on risk factor, time frame, and purpose. +[Here](https://www.investopedia.com/ask/answers/09/difference-between-investing-speculating.asp?ad=dirN&qo=investopediaSiteSearch&qsrc=0&o=40186) is a link that maybe better describes the reasoning behind my post. + +That's right. According to the WSJ article today, part of the 1.5 billion deal included a seat on the board for this guy >>> [https://www.forbes.com/profile/alfred-lin/?sh=5629fb8a17b0](https://www.forbes.com/profile/alfred-lin/?sh=5629fb8a17b0) **Alfred Lin** + +Relevant quote from WSJ: + +>"Venture-capital firm Sequoia Capital and cryptocurrency investor Paradigm have agreed to invest $1.15 billion in the Chicago-based firm, the company told The Wall Street Journal. Sequoia partner Alfred Lin will also join Citadel Securities’ board." + +If you read the blurb you'll see Reddit mentioned. I looked further, and voila! + +[https://www.sequoiacap.com/companies/reddit/](https://www.sequoiacap.com/companies/reddit/) + +So yeah. That's just fantastic. + +*Shits getting spicy!* + +Edit: F$ck around and find out. New decentralized social platform being worked on. + +[https://discord.gg/eJYW3SHB](https://discord.gg/eJYW3SHB) + +The internet remains undefeated. +**MAJOR EDIT: This post has been debunked. After a significant amount of discussion with several other users (including u/dlauer) an assumption I made about a section of the data has made both this post and a previous DD (the FINRA Veil) I worked on yesterday incorrect. It sucks to be publicly wrong when both of these posts got a lot of attention, but when you do DD's sometimes you will be wrong. I am changing this now as I am (unfortunately) not able to reconcile that error. I made the post, I should have done a better job of checking the data. Rather than letting this sit overnight as I am about to head to sleep, I would implore a moderator to switch the flair and have put in a request to have this done. I will leave the post up as it is though, as failure helps us apes improve.** + + +I know the title is clickbait. I don't apologize since what I have to share today I feel is important as it helps to add some evidence to how much gas is left in the tank to kick the can. + +So, on June 3rd (yesterday) [I posted about all of the different companies involved in OTC trading from January to end of April](https://www.reddit.com/r/Superstonk/comments/nrr5e0/the_finra_veil_whos_been_trading_gme_every_week/). But I had more good info that I had come across to send out for scrutiny and analysis by other apes, but it was too big for one post. They are from the same dataset and loosely related so I could have said this was a Part 2 maybe. Anyways, I removed the blank share count amounts from the data for this post, as after completing the other post and some feedback, it is not completely clear which parties those are or even what the blank areas are even recording. This DD helps point in the direction of the firms that have been burning gas like mad trying to keep the lights on. I suspect they are about to run out and back it up with data. + +*None of this is financial advice.* + +**TLDR** + +OTC volume decreased from January to end of April. I argue it is because the shares that were being traded off exchange have been sold on the exchange to mitigate buying pressure. Trade size decreased for some firms, but not others. Using the data and graphs here, I argue that the firms that decreased their trade size significantly are likely the ones in the most trouble. Scroll to the bottom to see the firms that are probably in the hottest water. **Based on these two facts and the steady price increase in May that followed this four month period, the data and the price show that the gas is running out, so HODL.** + +There are some firms doing weird 1-share OTC trading, so I just recorded them as well. Not worth a separate post. + +**TLDR DONE** + +The full list of involved parties is relisted in this post here with some graphs to display their activity. **Check the other post if you want to read how it was determined these groups were involved at some level or grab the data I used**. It DOES NOT necessarily mean that every group here has a short position since they aren’t required to report those, only that they traded GME consistently in the OTC market from the months of January to end of April. + +Given how the price since the beginning of May has been steadily rising, I have a theory that uses the previous data from January to April. Interestingly, when you aggregate this data by week a few interesting anomalies emerge. Though I am making use of it here, I would suggest taking data from FINRA with a grain of salt, but that applies to any financial data for retail nowadays. It’s the best we’ve got, so let’s dig in. + +**Anomaly #1** + +**Hypothesis:** Decreasing OTC volume needs to go somewhere and since retail isn't selling based on OBV, I suspect that volume is heading to the exchange to be sold to keep the price down. + +OTC trading declined significantly over this period for GME. Not much to argue about here. Volume went DOWN. + +[OTC Volume Decreased](https://imgur.com/t1spZyq) + +Total GME volume decreased during this period as well. + +[GME Volume Decreased](https://imgur.com/R9Sz1pn) + +But we knew that. **But that massive price dump in February down to $40 likely came from a combination of paper hands and OTC shares being moved back onto the exchange.** + +If retail isn’t selling their shares, where do the daily shares come from? Probably some institutions, but it’s always felt like the “bad players” are consistently dumping shares into the market quickly using HFT and that’s the spiky downward behavior that’s been experienced. I’ve suspected for awhile that they aren’t necessarily rehypothecating new ones into the open market, but instead are moving counterfeit shares that were being previously trade off exchange back on to the exchange to help mitigate buying pressure. **What better place to hide this massive pool of shares than in your own back pocket and keep it off the exchange?** Anyways there seems to be a ton of shares that don’t correspond to the daily borrowed amounts that end up sold every day, but more recently (i.e. in May) the price of GME has slowly but steadily marched upwards. + +**Conclusion:** OTC volume from these groups was being forced onto exchange (for selling pressure) as the groups struggle to contain the price. Gas is just about empty now that we are into June though. + +Either they are directly moving this off-exchange volume back to the exchange, or are rehypothecating shares into the market, then covering them with the off-exchange shares after the rehypothecated share was sold on the market. The benefit is that each of these strategies would buy them additional time since there are T+ delays for delivering the shares and they can FTD them anyways until the T+21 and T+35 force them to deliver. Regardless, OTC volume decreased significantly from January to April, just like regular volume did. + +OBV was fairly stable or skewed towards the buying side for most of this period as well – retail wants to buy, not sell – so who is selling the shares. + +[OBV Graph](https://imgur.com/o5RGFNj) + +[Another OBV Graph \(different value but similar pattern\)](https://www.tradingview.com/chart/k4aKLAVi/) + +Based on the data above, I think it is the groups in trouble moving their volume from OTC back onto the exchange to suppress the buying pressure. + +**Anomaly #2** + +Average Trade Size OTC seems to have decreased for many of these firms, but not all of them. + +Their gas seems to be getting short and they are likely juggling shares around between each other to reduce FTDs. But they can’t stop them from spilling out as indicated by some of the large spikes. They also can't help but have some "spent"/sold in the open market to keep the price down. But the tank is just about out of gas. I didn’t cross examine all of the data here together or do statistical tests since the volumes are different between firms, but visually firms seem to fall into two groups – decreasing trade size or stable trade size. + +**Hypothesis:** A change in trade size indicates a forced change of behavior due to market conditions. + +They also need to trade smaller amounts since they have less shares to work with as detailed in Anomaly #1. You can click on each of these for the graph. + +* [Barclays Capital Inc.](https://imgur.com/eqT0msS) (relatively stable) +* [BIDS Trading L.P](https://imgur.com/3ntTuDb) (decreased, major spikes at beginning and end of March) +* [Citadel Securities LLC](https://imgur.com/IyqY3m9) (decreased significantly at end of January) +* [Coda Markets Inc.](https://imgur.com/Qj0Jgqt) (decreased significantly) +* [Comhar Capital](https://imgur.com/EmIJHGr) (decreased significantly) +* [Credit Suisse Securities](https://imgur.com/vLtenYl) (decreased significantly) +* [Deutsche Bank Securities](https://imgur.com/n9sWIQF) (relatively stable, small decrease) +* [De Minimis Firms](https://imgur.com/oA1ZRaA) (there are smaller firms and the data is aggregated together, likely family offices included here) (decreased significantly, but this is aggregate data so take it with a grain of salt) +* [EBX LLC](https://imgur.com/crBoL4r) (relatively stable) +* [G1 Execution Services](https://imgur.com/9Zg8WDo) (as a note, they are subsidiary of Susquehanna) (decreased significantly) +* [Goldman Sachs and Co. LLC](https://imgur.com/ZU2N67d) (relatively stable) +* [Interactive Brokers LLC](https://imgur.com/QBrSvny) (decreased significantly) +* [Instinet LLC](https://imgur.com/ynKfizk) (relatively stable) +* [Intelligent Cross LLC](https://imgur.com/9hGPudD) (decreased significantly) +* [ITG INC.](https://imgur.com/oiYWCfc) (relatively stable) +* [Jane Street Capital LLC](https://imgur.com/EJ305Dx) (decreased significantly) +* J.P Morgan Securities – [Graph 1](https://imgur.com/C6voxIo), [Graph 2](https://imgur.com/26nshVh) (two graphs, one was stable with spikes in late February and mid April, the other decreased) +* [Merrill Lynch, Pierce, Fenner, and Smith Incorporated](https://imgur.com/hTIDadf) (relatively stable) +* Morgan Stanley and Co. – [Graph 1](https://imgur.com/ru8siph), [Graph 2](https://imgur.com/FW4up0H) (two graphs, small decrease, but somewhat stable) +* [National Financial Services](https://imgur.com/6XTfqrA) (1 share trades consistently) +* [Robinhood Financial](https://imgur.com/y74l2Nw) (1 share trades consistently) +* [Stockpile Investments Inc.](https://imgur.com/xK9h5yq) (very low volume, but increased, out at end of March) +* [Two Sigma Securities LLC](https://imgur.com/QJH467W) (decreased significantly) +* UBS Securities LLC – [Graph 1](https://imgur.com/1wfxsch), [Graph 2](https://imgur.com/vE9hb4n) (two graphs, decreased significantly) +* [USTK Ustocktrade Securities](https://imgur.com/26zMEB4) (relatively stable with spike at beginning of February) +* Virtu Americas LLC – [Graph 1](https://imgur.com/6nDMv48), [Graph 2](https://imgur.com/BvPSa3t) (two graphs, both decreased) +* [Wolverine Securities](https://imgur.com/CCVp4xh) (trade size plummeted, then was low, out at end of March) + +**Conclusion:** Groups with stable trade size in current market conditions are in less trouble than the ones that decreased their trade size. I’ve highlighted the firms at the end that seem to be in more trouble than others. + +Some trade size spikes seem to happen, but whether than implies trouble or benefit for the firms with spikes is unknown. + +**Anomaly #3** + +Some companies are conducting small (mostly 1-share) trade sizes OTC for GME +Robinhood, National Financial Services LLC, Stockpile Investments, and Wolverine Securities all seem to hover around 1-share trades for GME. They do not do large ones when they trade OTC. Strange. + +**Robinhood and National Financial Services LLC were doing this for EVERY TICKER they were involved in the FINRA data.** Stockpile Investments did this for most of their holdings (AAPL, MSFT, TSLA, and GME) but had larger trade sizes in AMC and NOK while also increasing their trade size in GME during this period a small amount. Wolverine Securities ONLY did this for GME (the highest total of this group with an average of around 3 shares per trade for GME), but traded a wide range of other tickers including AMC, AAPL, TSLA, GM, NAKD, NOK and KOSS with larger amounts. + +Both Stockpile Investments and Wolverine Securities stopped trading GME in the OTC markets after the end of March. Exactly why this is, I am not sure – but all of these firms are small compared to the big dogs in the ring. + +**Hypothesis:** 1-share orders have some specific impact/advantage that these smaller firms are exploiting. I am not sure what this is, but wanted to record it. + +**SUMMARY** + +OTC volume decreased from January to end of April, and as I argued, that volume was being sold on exchange to suppress the price, particularly by the groups in trouble. Massive decreases in OTC volume correspond to massive selling in February as some paper hands left and diamond hands loaded up on cheap tickets. + +**The groups that I suspect are in the most trouble as they have decreasing trade sizes OTC are Citadel Securities, Coda Markets, Comhar Capital, Credit Suisse, (potentially) some De Minimis Firms, G1 Execution Services (Susquehanna owns them), Interactive Brokers, Intelligent Cross, Jane Street Capital, Two Sigma Securities, UBS Securities, and Virtu Americas. BIDS, JP Morgan and Morgan Stanley could be in some trouble here.** + +For reference, the NYSE Designated Market Makers include Citadel Securities and Virtu Americas. No wonder this has been such a clusterfuck and they've been kicking the can so hard. + +**Their problem, apes benefit.** + +Barclays, Deutsche Bank, EBX, Goldman Sachs, Instinet, ITG, and Merrill Lynch are playing some role here, but I think they are making money off the others being in hot water. They may be in hot water as well, but the data seems to be inconclusive for these firms. Stockpile and Wolverine are not trading OTC after March, but they may have got back in after the end of April. + +Robinhood and National Financial are doing some weird 1-share trading OTC (Robinhood especially since they do this will all tickers, not just GME). I don't think either firm is really in trouble due to this debacle, but Robinhood will lose one of the big teats they've been sucking at when Citadel goes down. + +**I don't think there's much gas left and the price/data show it. HODL on baby.** + +MAJOR EDIT: SEE TOP OF POST. + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 +Okay so I'm looking to invest looong term I won't sell anything that I'm buying now until 40 years down the road. And I want to diversify my sources of income and I think QYLD would be great to invest in. I want to take a big loan with low interest and buy QYLD so that the dividends pays for the loan. What do you guys think. Thanks. + +TL;DR: taking a loan to buy high dividends equities + +Edit 1: I don't know if that's the best way to give an update but here we go. So I had my meeting with a counsellor this morning and I'm getting a 78k CAD$ at 3.7% on 8 years. So I'm really happy I'm investing 50/50 between SRU-UN.TO (yields at 6.12%) and QYLD (yields at 11.80%). I'll try to update soon. + +Edit 2: just to be clear I have the money to pay out that loan anytime I want. The thing is that I invest others people money not mine. My investment will pay itself. +If stocks are traditionally the way to stay ahead of inflation why is there a broad dip in the market come upward inflation news? Wouldn't that make people want to put more money in? If they sell to cash isn't that devaluing their money? + +This might be super basic but I'm new to this so halpppp +Do you pay by the hour/ride like an uber? Or is it salary with unlimited use? What does the driver do with your car after dropping you off? Say for example you work half an hour from home, do they drive the car home after and put double the mileage on your car? Do you pay them when they are idling waiting for you if you are delayed or going to a show/restaurant (goes back to the first question)? Does it cause any (even if mild) sense of anxiety knowing someone is waiting for you to finish and leave? Is there any inconvenience having to tell someone when to pick you up, especially if you have a sporadic work schedule and could be delayed by several hours? Or if you have to wait for them because you didn't tell them in time and they are stuck in traffic? +The strategy is very simple. Learn how to identify these 4 things: higher high, higher low, lower high, lower low. This will take you 3-6 months to be good at if you're starting from scratch. A line chart overlay may help in the early weeks. + +The trend is your friend on a higher timeframe: When a stock is making higher highs and higher lows you look for long entries. When it's making lower lows and lower highs look for short entries. Anything else is counter trend. + +Found your stock and it's higher timeframe trend? Good. Now zoom in and find the counter trend. Example: daily chart is up, hourly chart is down. Wait for the next hourly candle to open. Set a stop buy order above the previous hourly candle with stop loss order below the low of that same candle. Risk based on what you're willing to lose. Take half profits at 1:1. You're now in a break even trade. You decide when you close out the trade for profit or get stopped out for break even. You can't lose now. If you're gonna hold overnight perhaps take another half off leaving you with 25% runner. + +Learn to do that religiously. Do this 50 times, log your results. Did you win more than you lose? Now go back to the charts on some of those trades and see if there was a way to enter off the 15 min chart. Once you find that your risk reward in these trades will greatly improve. + +No fancy indicators, no cross over system. Just price action analysis looking for consolidation to end and the over arching trend to resume. + +When you're right you'll notice the moves are fairly quick as other traders pile in. + +Can't do this? Trading may or may not be for you until you can prove to yourself you have self discipline. How do you get self discipline? Do something you hate every day for 30-60 min (run, chinups, a puzzle), every day. Keep that up for a long time, then you have proven discipline and you can go back and try trading. If you end up liking the thing you hate keep doing it and find something else you hate to start doing. + +Good luck, we all gonna make it. +With the volatility going on in all asset classes, I’m curious how others in our cohort are performing this year. Is your net worth up or down from last year highs….I’ll go first….down 12% +Anyone have any idea when this thing is going to pop? I thought it would keep going up with inflation but maybe it will cool when the interest rate goes up? + +[https://www.forbes.com/sites/kamranrosen/2021/11/10/the-last-5-quarters-have-seen-the-largest-home-price-increase-in-our-nations-history/](https://www.forbes.com/sites/kamranrosen/2021/11/10/the-last-5-quarters-have-seen-the-largest-home-price-increase-in-our-nations-history/) +Learn that phrase. It’s so simple yet it will save you so much money. I had a contractor give me a $375 bid today. It was a little higher than expected but I was willing to pay it. I used this phrase and the next thing he said was “what number did you have in mind?” I replied “I was hoping to get a little closer to $300.” He told me he would take a look at it and see what he could do. + +He came and looked at the job I needed done and lo and behold his bid was at $300. This one little phrase will save you thousands over the span of your career. You just have to be willing to use it. + +Side note: Another phrase I use regularly when asking for a bid is “Go easy on me. I’m on a shoe string budget!” +Where in the world is ~~Carmen San Diego~~ SR-DTC-2021-005 otherwise known as "stop counting your shares twice" rule. We have passed record number of rules in the past month, and yet we have **still** not seen my (now second favorite to [SR-ICC-2021-007](https://www.sec.gov/rules/sro/icc/2021/34-91894.pdf)) rule come back in **any** form. It's gone, vamos, does not exist on the internet. **What the fucking** ***fuck***\*\*?\*\* + +The contents cannot be found on the federal register: [Federal register with search applied](https://www.federalregister.gov/documents/search?conditions%5Bagencies%5D%5B%5D=securities-and-exchange-commission&conditions%5Bterm%5D=dtc-2021-005) + +The file cannot be found on the DTCC rule filings: + +[Where in the world is DTC-005](https://preview.redd.it/06gy8vb3j6z61.png?width=904&format=png&auto=webp&s=722af39eb0b6ece1a6389c9f8da643864ac152ee) + +A smart ape copied it to the paste bin: [https://pastebin.com/adT3ZUZ0](https://pastebin.com/adT3ZUZ0) \- I have a copy of the PDF on my machine. Let's review what the **Purpose** of this rule filing was to be. + +Let's review the **purpose** of the filing: + +&#x200B; + +>... The Securities remain credited to the Pledgor’s account until the Pledgee releases the Pledged Securities or makes a demand for the Pledged Securities, as discussed below. Rather, a notation is placed on the Account of the Pledgor that the Securities are Pledged to the Pledgee and the Securities remain in pledged status until the Pledgee instructs otherwise. + +**And enter king fucking kong:** + +>As described below, this bookkeeping method does not adversely impact the rights of the Pledgee in that the Pledgee maintains Control over the Pledged Securities and the Pledged Securities cannot be used by the Pledgee for any other transaction unless the Pledgee releases the Securities from the Pledged Status through an instruction to DTC. + +***Wut mean Bobby?*** + +&#x200B; + +[A pledge, ie. collateral to buy your shit](https://preview.redd.it/lfz45upfm6z61.png?width=652&format=png&auto=webp&s=35fd91b20cf4386e8d49488ebba55f597ba559ca) + +\- **Pledgee:** A Pledgee may but not need be a Participant. A Pledgee is required by DTC to sign a Pledgee’s Agreement unless it is also a Participant. ***This is the person who selling shit.*** + +\- **Pledgor**: ***This the person who's trying to buy shit*** + +&#x200B; + +**What are they changing?** + +&#x200B; + +[Collateral is NOT RELEASED TO THEIR GENERAL ACCOUNT](https://preview.redd.it/p0w14o31n6z61.png?width=1215&format=png&auto=webp&s=c6475cca0fe26894a980945580a2a3f97a247419) + +What else? + +[When you pledge your securities, they are NOT RELEASED BY THE DTC until they clear it.](https://preview.redd.it/erylgxvfn6z61.png?width=1283&format=png&auto=webp&s=a0b6faa0b2b6dbe8757a5256dce03dfbe3ed168a) + +**Break it down again** + +\- When the pledgor puts money into the DTC, it get's credited to their account, just like your brokerage account + +\- When the pledgor uses that to buy shit, they get the shit they bought credited to their account, and the the pledgee get's the collateral credited to their account + +\- When the pledge is released by the Pledgee \[***see below***\]- i.e. settled - both of the particpants get there shit for real + +\- Until the pledge is released you may **not** use these assets to do any other transactions + +&#x200B; + +[Only a Pledgee can release a pledge - only if the seller agrees](https://preview.redd.it/lajomoe3p6z61.png?width=1012&format=png&auto=webp&s=df5a089cdc94248945adac517e8ff4e356c73cb2) + +*Hard Pledge - sounds a lot like a Hard Locate.* + +Furthermore + +[The pledgor \(borrower,buyer\) is credited through the DTC but NOT released and the same for the pledgee.](https://preview.redd.it/anz6x6zfp6z61.png?width=1333&format=png&auto=webp&s=6fb096c9ea60b2790b3e33f214ea85ea4d973c8e) + +So this is like when you make a trade on your brokerage and the brokerage removes the funds from your account, but you still can't use them until the other person says they're happy with what they got and vis versa. *Still with me?* + +Why is the DTC so concerned with the pledgor / pledgee not moving their shit to their general account? **Because if you get the assets transferred to your general account where they don't have access to them, you can shuffle them off to your shell companies and shove them right back into the DTC or another exchange while you wait for your pledge to settle.** The DTC is effectively not releasing your assets to you **until they know they cannot be rehypothecated inside their system**. + +**Wut Bobby? WUT?** + +How do you re-use assets to create failure-to-delivers? Easy, you make deal with a pledgee, you take their collateral and shuffle it out to an affiliate, and then do that process again and again until you get the leverage you need. 1, 2, 3, 10, 20 times leverage, so long as you can do these things quickly, you should be able to get participants to agree before the DTC comes to find \[**LOCATE**\] your outstanding balance. Or even better, if you could still use your general account, take that collateral/asset and put it through foreign markets and let them all play the locate game through 50 layers deep of rehypothecated asset chains. **WHO HAS THE SHARE?** + +So you see, SR-DTC-2021-005 wasn't removed for formatting. It was removed because the DTC threatened to pull the fucking market apocalypse on the shorts - since they are the ones who would be rehypothecating assets through the DTC. + +If you were the DTC, you would have wanted this, because of another holder of shares comes knocking on your door for those locates and you're about to fail-to-deliver, it's your ass. So in your deals you're going to be on the hook for whatever blow up happens. And if you don't have enough leverage on the bad actor, you are going to have a really bad time. + +&#x200B; + +**Speculation at the end** + +I suspect that this rule directly relates to Archegos, Goldman Sachs, Credit Suisse and Morgan Stanely. This bill was supposed to be effective April 1, very close to the $4.7 billion realized losses for Credit Suisse. I am guessing this rule and, an aggressive pledgee, spooked Goldman and Morgan Stanley to liquidate assets in order to satisfy the DTC locates, or they were going to go nuclear and liquidate their holdings. Credit Suisse didn't do it fast enough so they got fucked over. + +&#x200B; + +**Addressing the "It's a technical change, it's nothing"** + +I don't believe this anymore. After the month of DD that has come out on the sub, it's apparent to me that the global financial market is currently playing the shell game with phantom/rehypothecated/short-sold shares. Lucy, Atobitt, all the bigger brained apes are all coming back to this one problem - **WHERE ARE THE SHARES**. The DTC was about to hold them hostage, they were pulling the fucking nuclear option and hiding it in plain sight. + +To quote: + +>As discussed below, the proposed rule change relates to a technical aspect of the operational processing of Pledge transactions ... + +and + +>... while enhancing clarity with respect to the book entries performed by DTC as they relate to pledge activity + +and + +>... would not impact the rights or obligations of a Participant or Pledgee + +This means: + +\- There is a technical change that will affect the way money moves within the DTC for our participants + +\- It says exactly what you are not fucking allowed to do now + +\- They should already be playing by these rules, so it ***should*** have no impact on their **rights or obligations** + +&#x200B; + +**BRING BACK SR-DTC-2021-005 AND BRING IT BACK TODAY.** + +&#x200B; + +Edit: Before the shills come, a screenshot for proof that this was indeed DTC-2021-005 and not NSCC or any other rule + +&#x200B; + +https://preview.redd.it/viukxaprv6z61.png?width=564&format=png&auto=webp&s=c7585bea221dc8d1fce654d520a0e1347be52cb4 + +&#x200B; + +[Contacts](https://preview.redd.it/enmot9qiz6z61.png?width=519&format=png&auto=webp&s=665bfafaf5e3beccd9e13884e478649f68c38e5d) +Hi everyone! This is my first post here and I'm really learning a lot from this sub so I thought I would make a small contribution. The script below would help out in a quick DCF analysis. I've based the method on the one described excellently by u/value_investor4ever in his recent [post](https://www.reddit.com/r/ValueInvesting/comments/m1aqss/here_i_explain_how_to_perform_discounted_cash/gqfhsty/?context=3). + +So here's what it does: +- Pulls FCF from stockanalysis.com +- Pulls the growth estimation over the next 5 years from yahoo finance +- Runs the DCF with a discount rate of 10% and a perpetuity rate of 3% + +It's as easy as `python value_estimator.py <ticker-name>`. And here's a sample output: +``` +Fetching data for TSLA +Latest FCF: 2711.0 +Growth estimate: 32.1 +Term: 5 years +Discount Rate: 10% +Perpetual Rate: 3% +Fair value: 130.1962060548707 +``` + +[https://gist.github.com/prateekmalhotra/431ebfa2d3168f7b7dbe7a86f17e3f2f](https://gist.github.com/prateekmalhotra/431ebfa2d3168f7b7dbe7a86f17e3f2f) + +Let me know if you face any problems or have any suggestions for improvement. Thanks! + +EDIT: I updated the script to include a simple formula that Benjamin Graham includes on page 295 of his book, _The Intelligent Investor_. Namely that, +`Value = EPS * (8.5 + 2 * expected annual growth rate)`. We can use this to further analyze how much growth is priced-in over the next 7-10 years. Here is what the output should look like now (only works for companies which have EPS > 0): +``` +Fetching data for TSLA... + +Latest FCF: 2711.0 +Market price: 668.06 +EPS: 0.64 +Growth estimate: 32.1 +Term: 5 years +Discount Rate: 10% +Perpetual Rate: 3% + +================================================================================ +DCF model +================================================================================ + +Fair value: 130.1962060548707 + +================================================================================ +Graham style valuation basic (Page 295, The Intelligent Investor) +================================================================================ + +Expected value based on growth rate: 46.528000000000006 +Growth rate priced in for next 7-10 years: 517.671875 +``` +**TL;DR: The Oct, 2022 GME DRS Report is not consistent with the data. Evidence suggests SHFs diluted the DRS count over the course of months in an attempt to orchestrate a targeted sell off to lower DRS morale. Orchestrated sell offs aren't a new thing with GME. Good news is SHFs likely wasted their load and won't be able to repeat this next quarter.** + +\----------------------------------------------------------------------------------------------------------------------------------------------------- + +I'm sure you've all seen the most [recent 10-Q Form filed by GameStop](https://news.gamestop.com/static-files/5a610aaf-6606-4173-86a1-cba6abdb204a) yesterday stating that only 71.8 million GME shares have been registered: + +https://preview.redd.it/to7ok3750o4a1.png?width=651&format=png&auto=webp&s=35ddb3d1c5bf7d2cdd6679cd1dc68ad2dbeedf95 + +This is a small increase of 500,000 GME shares since [GameStop's 10-Q on September](https://news.gamestop.com/static-files/3a9d968d-b9f5-415a-877f-895d5ac83ed3) stating 71.3 million GME shares have been registered: + +https://preview.redd.it/fd3fe0k60o4a1.png?width=763&format=png&auto=webp&s=da96686ca521b613b0c886e426404616d2406fd4 + +Only an increase of 500,000 registered GME shares in the past 3 months? How does this make any sense? The answer is that it doesn't, and I'll explain why. + +This is a bar graph I created showcasing the increase in registered GME shares across each quarter, from Jan 2022 till now: + +https://preview.redd.it/xrqrb0p70o4a1.png?width=597&format=png&auto=webp&s=4bc7be482a130e358f4436fdaf40cab63eed0982 + +Adjusted post-split, the [Jan 2022 10-K Form](https://news.gamestop.com/static-files/71e30d98-2102-4bdd-b0b8-eb151e09f803) showed an increase of 14.8 million in the past quarter. + +Adjusted post-split, the [April 2022 10-Q Form](https://news.gamestop.com/static-files/5df55006-ebe2-478e-8058-d88a7b5b3d88) showed an increase of 15.2 million in the past quarter. + +The [July 2022 10-Q Form](https://news.gamestop.com/static-files/3a9d968d-b9f5-415a-877f-895d5ac83ed3) showed an increase of 20.5 million in the past quarter. + +The [Oct 2022 10-Q Form](https://news.gamestop.com/static-files/5a610aaf-6606-4173-86a1-cba6abdb204a) showed an increase of 0.5 million in the past quarter. + +There is no explanation for this significant decrease in the rate of registered GME shares, because the data captured by DRS Bot has been moreso consistent with the data from the previous 10-Q forms, not the current 10-Q that just came out. + +Allow me to illustrate. + +Firstly, DRS Bot is a reliable tool for analyzing DRS rates (the data gets vetted daily by a team of Apes). It actually understated the previous quarterly results. + +For a list of examples on why DRS Bot is reliable, please see my DD "[Mountains of GME synthetic shares](https://www.reddit.com/r/Superstonk/comments/qxljfb/the_numbers_are_in_mountains_of_gme_synthetic/)". + +We're looking for shares from July 31, 2022-Oct 29, 2022. Luckily for us, DRS Bot has a vetted [record of shares](https://www.reddit.com/r/Superstonk/comments/yqjtbh/drsctbnft_bot_updates_20221109_14002_feedthebots/) that were fed to the bot in the past 3 months leading to October 29, and you can physically see in the "# Shares (accum)" column that the data is not consistent with a measly 500k increase in registered shares from August-Oct. + +\[Please keep in mind that this data *alone* is only from Apes that actually fed the DRS Bot, which is a fraction of the entire population of registered holders that the 10-Q takes into account\]. + +https://preview.redd.it/vbyymrh90o4a1.png?width=575&format=png&auto=webp&s=9a5ed999c64e96cb9f85cbf82378f0b59deed902 + +https://preview.redd.it/4w90cz2b0o4a1.png?width=509&format=png&auto=webp&s=6f4d8546054ff06fb15ffce4a5bf6066e94bd170 + +https://preview.redd.it/qqys4bkc0o4a1.png?width=473&format=png&auto=webp&s=e4fc733e61fa3a102702affd99561545ffe66067 + +https://preview.redd.it/8z52qx2e0o4a1.png?width=479&format=png&auto=webp&s=76e7aa1bf26ae5c98de58c23a835e17bedee4d3e + +From July 31-September 30, approximately **2.11 million GME shares were registered**, according to the data extracted by DRS Bot (empirical data that was inputted and vetted by Apes). And that isn't even counting October. + +Here's October: + +https://preview.redd.it/qz12lfqf0o4a1.png?width=417&format=png&auto=webp&s=110c9291dd030edfe43fecc14c69b51a65ea002a + +https://preview.redd.it/6utylg7h0o4a1.png?width=437&format=png&auto=webp&s=8892a8443cdd5112eb102328f9678f0f0e53c15f + +Approx. 301,000 GME shares from October 1-October 29. + +We can chalk it all up to: ⌊301,000+2,110,000⌋ ⇒ **\~2.4 million** (rounding down to keep things conservative) + +2.4 million is nearly 5 times more than the number we actually got in the 10-Q. And that number is, again, solely extracted from data physically (empirically) provided and vetted to the DRS Bot \[meaning that the real DRS increase should've been in the several millions, at least\]. And DRS Bot has understated DRS progress in the past, so the results from the 10-Q would be considered a drastic inconsistency from what we've seen in the past. + +We can verify DRS Bot's data further than what my past DD ([Mountains of GME synthetic shares](https://www.reddit.com/r/Superstonk/comments/qxljfb/the_numbers_are_in_mountains_of_gme_synthetic/)) verified, by testing if it satisfies (or violates) Benford's Law. + +[Benford's Law](https://statisticsbyjim.com/probability/benfords-law/#:~:text=Benford's%20law%20describes%20the%20relative,5%25%20start%20with%20a%209) describes the relative frequency distribution for leading digits of numbers in datasets. In other words, it tells us how many times each digit will show up in the first position of a number. + +https://preview.redd.it/2dg5iygi0o4a1.png?width=334&format=png&auto=webp&s=fb3bc41ba63083e04a55422919a013169a0bcf5f + +On average, the number "1" shows up as the first digit in a dataset around 30% of the time. This is Benford's Law, which commonly shows up in stock prices, population numbers, and all sorts of statistics. If a dataset violates Benford's Law, it's likely that the data was not produced naturally, but manipulated in some way. The [IRS](https://www.forbes.com/sites/taxnotes/2021/08/19/can-benfords-law-detect-tax-fraud/?sh=6f7ee20f4d70) is actually known to use Benford's Law to detect tax fraud. + +That being said, we can verify DRS Bot by testing if it violates Benford's Law. If it violates Benford's Law, it's likely that the data could've been artificially manipulated in some way. If not, then we can further confirm that the data extrapolated by DRS Bot is solid. + +If we take the # of shares every day from DRS Bot's data from July 31-October 29, we'll find that 27 times out of the 91 days, the number "1" is the leading digit in the data. + +**This comes out to (27/91) ≈ 29.7%, which is around 30.1%, satisfying Benford's Law.** + +We can, therefore, conclude that the data extrapolated by DRS Bot is not manipulated. + +"If DRS Bot's data is not manipulated, then why is the data so drastically different from GameStop's most recent 10-Q Form? Have Apes been selling?" + +I'm sure some have sold, but the percentage of those selling would most likely be miniscule in comparison to all the Apes buying. Even if we factored in the selling, the numbers still wouldn't add up. + +Here, we can factor in selling by substituting Fidelity's recent [buy/sell orders](https://www.reddit.com/r/Superstonk/comments/zej4f5/fidelity_top_orders_12622_89_buys/) to DRS numbers. + +https://preview.redd.it/q1i66ooj0o4a1.png?width=640&format=png&auto=webp&s=d7ad9d5f3a90e7bc985bc479e0e28b2a96cd928c + +Averaging around 90% buys, 10% sells still wouldn't make sense. We could say "out of 15 million DRS'ed shares traded in the past quarter, 90% were Apes registering the shares, and 10% were registered shares being sold", and we'd end up with an increase of 13.5 million GME shares registered, *not merely a 500,000* increase. Even if we were more lenient with the percentages, the numbers still wouldn't add up. + +The fact of the matter is that a 500,000 increase is too small compared to what it should've been. I, myself, [added nearly 1,000 registered GME shares](https://www.reddit.com/r/Superstonk/comments/xfz68e/_/) to the stack in September. + +So, what's really going on here? Well, the most plausible explanation I could find is that SHFs diluted DRS numbers the past quarter(s) after realizing that GameStop would continue to publicly report DRS progress. They did this in order to orchestrate a sell off on registered shares to impede DRS progress and destroy morale among the Ape community. + +If anyone knows how to orchestrate a massive sell-off, it's SHFs. They're used to playing that game, as we've seen in Jan 2021: + +https://preview.redd.it/5yanxm0l0o4a1.png?width=770&format=png&auto=webp&s=ea913a737263d074001b49387dfeaaa51566130f + +And, honestly I have to hand it to them—it's a smart play. Apes greatly anticipate the DRS numbers every quarter, so if you attack that, you could possibly hurt morale enough to slow down DRS numbers for the next 3 months until the next report. Maybe drop a few shills in the subs to say "look, DRS isn't working, just forget about DRS and move on". This plan would've worked a lot better if DRS numbers came out negative on the 10-Q, but they didn't, so however many registered shares they unloaded, it wasn't enough to bring DRS numbers in the negative lol. + +But, it's obvious to me that this entire thing was orchestrated. Just look at MSM on the day the 10-Q came out: + +https://preview.redd.it/9urh275m0o4a1.png?width=640&format=png&auto=webp&s=6ec1e7a258759e0726e11594ba67f328761b82ec + +And I'm sure a lot of you remember this, but 2 weeks ago there were **tons** of posts coming from "Apes" that had apparently given up on GME all of a sudden. Post varying from not being able to pay for rent or pay for utilities, and needing to sell their GME shares. It seemed like astroturfing. I made a comment about it back then: + +https://preview.redd.it/tx76gcen0o4a1.png?width=677&format=png&auto=webp&s=b7b720ef3b3c68f0a481d8b0d8003ee98cb7c41f + +Mods did a good job of removing the posts, but it still felt very off to me. Regardless, it was one of the reasons I felt compelled to make the DD [What You Should Do Before MOASS](https://www.reddit.com/r/Superstonk/comments/z86psz/what_you_should_do_right_now_before_moass/?utm_source=share&utm_medium=web2x&context=3), to help provide Apes with opportunities and things to think about before MOASS, so that they don't miss out on a once-in-a-lifetime opportunity. But to see all those strange "I'm done with GME" or "I can't hodl on anymore" posts come out nearly in unison was off, especially now that 2 weeks later I'm seeing an apparent "decrease in DRS rates" which didn't make any sense. So, it all comes across as orchestrated. They want Apes to think that this reduction of DRS rates is a result of Apes "giving up and selling", when all data points to the opposite. + +There's a few possibilities for how it went down. One way could've been an even distribution of diluted registered shares from SHFs, to be sold (or transferred out of CS) for the October quarterly report. + +https://preview.redd.it/49t0jgko0o4a1.png?width=1627&format=png&auto=webp&s=50912fb22cf27f1da56cce71d52e18ffd57a6d98 + +Here's another [illustration](https://www.reddit.com/r/Superstonk/comments/zfu34n/updated_the_chart_for_yall_panic_ape_true_q2_2022/) for how things could've potentially went down (this one pinpointing one quarter of possible dilution): + +https://preview.redd.it/erbsm1yp0o4a1.png?width=640&format=png&auto=webp&s=af609d218767834a94c491e4a456121171ef1fe9 + +SHFs diluted DRS progress with shares (which would explain why DRS Bot and [computershared.net](https://computershared.net/) understated the DRS numbers months ago). The dilution could've happened in any sort of combination (although it seem that it was less of an even distribution and more focused on a specific dilution in the last quarter), and the registered shares unloaded this quarter for the DRS count. + +If what I'm saying is correct, then that would mean 2 things: + +1. Nothings changed, because if we negated that SHF manipulation of the DRS numbers, we'd still be right on track to locking the float. +2. If SHFs unloaded their registered shares this quarter, they don't have enough to tank DRS progress next quarter, which means that we'll see a substantial increase in DRS numbers in the several millions again in the next 10-Q filing. Furthermore, if SHFs want to play this game again in the future, they'd have to rebuy/reregister those same shares, which would be problematic if they're trying to convince Apes DRS progress is dwindling. + +Institutions were seen selling millions of shares a few days ago, so that coupled with the substantial decrease in DRS rates indicates that there is definitely a ploy to discourage Apes from continuing to DRS their shares, and it's not going to work. The SHF's load is gone now, and with that strong DRS rates will return with great force in the next 10-Q. + +https://reddit.com/link/zfxmuw/video/nbhijter0o4a1/player + +**Edit:** Adding a post from Ape "djsneak666", as it further supplements and supports the findings of this DD: [WELL WELL WELL. WHO REMEMBERS THIS IN OCTOBER? THE INTERNET NEVER FORGETS. ORTEX GLITCH WAS HEDGIES PULLING SHARES FROM DRS TO FUCK WITH THE NUMBERS. TRY HARDER KEN.](https://www.reddit.com/r/Superstonk/comments/zfw28t/well_well_well_who_remembers_this_in_october_the/) +Just a PSA to buy good toilets. I got cheap ones when I rehabbed my 3 flat. Now I have a $2k water bill because they're all running. It would have been an extra few hundred to buy nicer toilets. +Living in poverty fucking sucks. Most of the people who say “money isn’t everything” have never struggled financially in their life. Because if they have, they would know there isn’t a lot of shit you wouldn’t do for money in that situation. It’s not fucking fun. Being able to barely scrape by and not being able to afford basic shit like the dentist. Poverty has made me severely depressed. I think about suicide frequently. But apprently my feelings are invalid because “money isn’t everything” fuck off. We never claimed money was everything. MONEY IS THE BARE FUCKING MINIMUM TO LIVE A COMFORTABLE LIFE. It’s fucked up that a lot of us can’t even have that. +I’ve been following this sub for some time now (absolutely love it BTW) and can’t help but notice that hardly anyone mentions taxes and their consequences on investment timeline horizons and the potential gains taxes eat away at. + +I assume most of us are investing in dividend funds in order to become more financially independent by creating various sources or revenue streams that can help us edge closer to retirement and be less reliant on a job to sustain our lifestyles. Taxes are probably the most important factor — significantly more important perhaps than even the type of ETF fund you invest in and what the dividend yield on your investments are (dividend growth versus high yielders. + +We absolutely need to be investing in accounts that are either pre-tax, if possible, like a 401(k), traditional IRA or 403(b) with a match if possible and also utilizing smart investment vehicles like Roth IRAs and 529s, if you have children. + +Even the best dividend portfolio in existence invested in a taxable account will pale in comparison to the same return over time in a Roth or 401(k). So do yourself a favor and consider the effect of taxes as one of the most important aspects of investing when making all of your investment decisions). + +The last thing you want to do is have to work an additional 10-12 years at your job because your investment tax burden compounded over time and ate away at your hard earned money in the form of unnecessary taxes you had to pay to the government. +Everyone needs to vote. Non voters will be marked as AGAINST. + +IF YOU ARE NEW TO BUYING GAMESTOP SHARES, AFTER YOUR SHARES HAVE BEEN SETTLED, YOU NEED TO THEN VOTE "FOR" ON ALL THE OPTIONS. YOU CAN DO THIS VIA YOUR BROKER. + +EVERYONE NEEDS TO VOTE. RC TOLD US. DONT BE LAZY. + +EVERY VOTE MATTERS. + +EDIT: DRS +EDIT2: FROM ANOTHER APE - u/amokiir +Non-votes are for while abstains are against. They're different. Also, there was a cut off date for voting, so anyone buying now cannot vote. Just want us to he spreading accurate information 👍 U/AMOKIIR + +I just also want to remind apes no matter what the results are or how they are forecasted, at least we can take that extra step and get as many votes as we can registered. +FOR IMMEDIATE RELEASE +Wednesday, January 24, 2018 + +Weiss Ratings Issues First-Ever Rating Agency Grades on 74 Cryptocurrencies. Bitcoin Gets C+ (“Fair”). Ethereum Is B (“Good”). +PALM BEACH GARDENS, FL — Weiss Ratings, the nation’s leading independent rating agency of financial institutions, releases today the nation’s first-ever grades on cryptocurrencies by a financial rating agency. Weiss gives Bitcoin a C+ (meaning “fair”) and Ethereum a B (“good”). None of the cryptocurrencies covered currently get a grade of A (“excellent”). In total Weiss currently covers 74 cryptocurrencies. + +A grade of A or B can also be interpreted as the investment rating equivalent of “buy.” At the same time, investors should not be overly alarmed by a C rating. It is a passing grade, and for investors, implies the equivalent of “hold.” Grades of D” and E” are the equivalent of “sell.” However, investment decisions should not be made solely based on ratings. They are meant as a tool in the context of a broader risk management strategy. + +What makes Weiss’ entry into cryptocurrency ratings significant is its history of independence and accuracy in other investment sectors, as noted by the U.S. Government Accountability Office (GAO), Barron’s, The Wall Street Journal, and The New York Times, among others. + +“Despite extreme price volatility, cryptocurrencies have a bright future and the potential to deliver unusually large profits to investors,” said Weiss Ratings founder Martin D. Weiss, Ph.D. “However, the market is hectic and confusing for investors. They need the clarity that only robust, impartial ratings can provide.” + +The Weiss Cryptocurrency Ratings evaluate price risk, reward potential, blockchain technology, adoption, security, and other factors. “Due to rapid changes in the data,” explains Weiss, “upgrades and downgrades are more frequent than in other sectors we cover.” + +Below is a sampling of Weiss Cryptocurrency Ratings, selected randomly to illustrate a variety of strengths and weaknesses: + +Bitcoin (rated C+) gets excellent scores for security and widespread adoption. But it is encountering major network bottlenecks, causing delays and high transactions costs. Despite intense ongoing efforts that are achieving some initial success, Bitcoin has no immediate mechanism for promptly upgrading its software code. +Ethereum (B), the second most widely adopted cryptocurrency, benefits from more readily upgradable technology and better speed, despite some bottlenecks. +Novacoin (D) and SaluS (D) are weak in terms of both technological innovation and adoption. +Steem (B-) enjoys a relatively good balance of moderate strength in nearly all the key factors considered along with a social network feature. +“All else being equal, as a cryptocurrency overcomes its individual challenges, it’s likely to be upgraded promptly,” Weiss adds. + +Weiss Ratings, which began in 1971, rates 55,000 institutions and investments. Unlike Standard & Poor’s, Moody’s, Fitch and A.M. Best, Weiss never accepts compensation of any kind from the entities it rates. + +To purchase the full list plus weekly updates, including all upgrades and downgrades, go here. +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +The thread guidelines are as follows: + +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- This thread is meant to be more relaxed compared to the serious daily thread. Memes, lambos, moons are all welcome. +- If the front page gets overloaded with memes, all but the top two posted and voted on may be removed. Basically, please post memes in this thread first and upvote the best so the mods know which ones to keep if we need to remove a bunch of memes from the front page. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our [Ethereum Education wiki page](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Thank you in advance for your participation. Enjoy! + +DFVs calls expire on the 16th. His tweet could have been refering to that, and that only. The expiration of these doesn't mean anything in regards to a squeeze, or anything else that matters in regards to the bigger picture of the GME situation. + +Remember what happens when people get too hyped about dates. Remember 'quadruple witching day' where nothing happened. + +Remember they can still tank this thing. If they're in trouble, they'll throw everything and the kitchen sink at it in the hopes they can put you off, and get out. + +Thought it worth mentioning incase people forgot. The hype is just seeming a bit sus right now. +$StopElon started off like most potential moonshots, with a vision and a plan. The plan is to take control of $TSLA stock with a 2/3 majority ownership and $StopElon from being able to have such a direct effect on the market. + +What no one envisioned was how there would be many converging factors that could allow this community to grow & become a rallying point for everyone that is fed up with market manipulation, the system always winning & Business leaders like Elon that have left the everyday person in the rear view mirror. + +Having a cause or being the newest token happens all the time. Coins are purely speculative and should be treated as such. With that said, $StopElon is only a week old, making exponential returns still possible. Any early clue that this is much more than the new token is the community being forged on social media apps, as we speak. $StopElon is available on Telegram in (16) different languages as the community has pitched in to design our ecosystem in a way that encourages coin holder engagement. + +Update: + +* Our updated website update is live! +* We have gained another 8000 holders, now at 18,500+ and total transactions have now surpassed 45,000 +* We are in the process of starting a WeChat to help connect our potential holders in China that are currently behind firewalls +* Next AMA on saturday 29th 4PM UTC! . +* The team has been in talks with many different exchanges as well. I do not expect much yet, but I have been impressed and surprised so far with every turn. +* $StopElon in the media. + +Check our TG for daily updates + +Tokenomics: 0.1% max buy/sell 10% tax total (to holders and LP) 40% initial burn (almost 50% burn as of now!) 5% dev marketing wallet 5% community wallet + +✅ Verified contract 0xd83cec69ed9d8044597a793445c86a5e763b0e3d + +Twitter: STOPELON (@STOPELON\_BSC) + +📷 English Telegram (@StopElon\_BSC) + +📷 Website: [StopElon.space](https://StopElon.space) + +📷 Chart: [https://charts.bogged.finance/?token=0xd83cec69ed9d8044597a793445c86a5e763b0e3d](https://charts.bogged.finance/?token=0xd83cec69ed9d8044597a793445c86a5e763b0e3d) + +🥞 Buy (v2, slippage 12%, 0,1% max) : [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xd83cec69ed9d8044597a793445c86a5e763b0e3d](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xd83cec69ed9d8044597a793445c86a5e763b0e3d) +I have been following this page for about 2-3 months now and while I do find the majority, if not all of the posts, comments, advice, etc very helpful, I have noticed here recently a feeling of anxiety reading posts from 20 & 30 year olds with copious amounts of money, investment accounts in the $100,000, maxing out their 401k and still managing to have $750 a month left over after bills to spend on whatever, etc. + +This is by no means a hate post. I am very happy for you all and I hope to have that one day as well. I also understand that there are people who just make more money or are fortunate to come from more financially fit families. However, as a 32-year old myself with maybe $40k in 401k, HSA, savings, bank acct and typically no money leftover, I can’t help but think WTF am I doing wrong? Does this happen to anyone else on here? I can’t be alone, right? How do you all deal with that? Do you just not compare yourself to others and try to do the best you can? + +Thanks! +I just want to be able to not have to work for a few years or not be in crippling debt. It's so depressing. It actually wouldn't take much for me to achieve this but it's impossible with my current job and bills. + +I don't care about the technology. I just want to live a little bit before I die. I'm already old and have nothing to look forward to. I'm hoping crypto will be the way for me. + +Anyone else into crypto because of desperation? + ☼ Ulti Arena is aiming to be the largest Gaming and NFT Market space of 2021. It will be a big community involving gamers, game artists, developers and freelancers. A community where people connect with each other through discussion boards and showcase their work and earn money. + +🚨Audit report by Solidity.Finance: [https://solidity.finance/audits/Ulticoin/](https://solidity.finance/audits/Ulticoin/) + +🚨Check out Ulti's Youtube teaser video: [https://www.youtube.com/watch?v=LKrbI2gVoxk](https://www.youtube.com/watch?v=LKrbI2gVoxk) + +🚨We are partnering with **ShuftiPro** regarding AML/KYC verifications. They are a UK-based company founded in 2016 that helped a couple of big banks with back-office management of clients’ data and protection. In our ongoing journey to protect the project and investors, we’re dead serious about data privacy and security. That’s why we chose ShuftiPro to help us with early verification of all our investors. + +&#x200B; + +**USE CASES** + +* A possibility for Game Artists to showcase their work, provide them with the tools to kickstart their projects, enable sales through NFT Market space, find job offers from developers or producers and much more! +* A way for Developers to discover artists/designers, collaborate and form future partnerships, gain interest for games or projects! +* An option for Gamers to buy/sell NFT's, view portfolios of game assets/UI's/musics from their favourite games, join discussion boards, participate in tournaments and win prizes! + +&#x200B; + +**EARNING ULTI TOKENS** + +Users will have multiple ways to earn $ULTI + +* Through a whole new concept "Proof-Of-Gaming" which allows users to earn while playing games +* Earn through community mining +* Staking +* Showcase assets, UI's, music, NFT's, prints and 2D/3D artworks + +&#x200B; + +**AFFILIATE PROGRAM** + +* Affiliate Program will focus on high-traffic crypto websites and marketplaces to take part in the sale of NFT’s on ULTI Arena. + +&#x200B; + +**SPECIAL TREATS FOR HOLDERS** + +* 30% of all transaction fees / total revenue from NFT Marketplace will be shared among $ULTI holders +* By participating in the community discussion boards, events, competitions and tournaments you will earn ULTI tokens +* Commission discount on each purchase and sale on our platform +* Discounts on products and services when paying with ULTI tokens + +&#x200B; + +**TOKENOMICS** + +* Total supply is 250 Billion tokens +* Private sale and Pre-sale make up 18% of total supply which will be locked for the period of 2 months after the Public Sale date (Mid-September 2021) +* Remainig supply will be released as public sale +* For each sale there will be %10 transaction fee, 30% of which will be rewarded to all holders, %5 will go to developer team, %35 to platform development and %30 to marketing/artist onboarding +* For more detailed information and token supply allocation table refer to our whitepaper +* Ulti Arena Medium: [https://ulti-arena.medium.com/3d-industry-market-report-part-1-4908bf15d061](https://ulti-arena.medium.com/3d-industry-market-report-part-1-4908bf15d061) + +&#x200B; + +**ROADMAP** + +🏆*Q2 2021:* Testnet Launch, Smart Contracts, Wallet Integration, Token PreSale, Start of Development +🏆*Q3 2021:* IDO, Public Security Audit, Creation & Trade Features, Token Staking, Beta NFT Marketplace Lauch(invitational-only), Unity + Unreal Engine Plugins +🏆*Q4 2021:* Mainnet Launch, NFT Marketplace Release, Job Matching Marketplace, Discussion Board, Artist Storefront and Portfolio, Social Features, 2D/3D Collaboration Tool +🏆*Q1 2022:* Proof-Of-Gaming, Binance and Other Major Exchange Listings, Game Client + Analytics, eSports Tournaments, Community Moderation +🏆*Q2 2022:* Metaverse Integrations, Social Channels, Donations, Mobile Support, Collections +🏆*Q3 2022:* ULTI Metaverse Game Engine, Metaverse Onboarding of Game, Creators and Influencers, Growth of All ULTI Products +🏆*Q4 2022:* Coinbase Listing, ULTI Metaverse Engine v2.0, ULTI Metaverse Games made by Creators +THE SINGULARITY: Ulti Arena's goal is to become the centre point for all things gaming. Be part of revolution! + +&#x200B; + +**OUR WEBSITE:** [https://ultiarena.com/](https://ultiarena.com/) + +༄ *Team* \- Find out team members and their linkedin profiles +༄ [Whitepaper](https://ultiarena.com/wp-content/uploads/2021/05/Ulti-Arena-Whitepaper.pdf) +༄ *Roadmap* +༄ *News* +༄ [Pitchdeck](https://ultiarena.com/wp-content/uploads/2021/05/Ulti-Arena-Pitchdeck.pdf) +༄ *FAQ* + +&#x200B; + +**BUY HERE** + +**༄ Get whitelisted** [here](https://forms.gle/Z2Atx3udumGXx9Q6A) +**༄ Get notified when pre-sale starts through** [here](https://ultiarena.com/buy/) + +&#x200B; + +**DISCUSSION PLATFORMS** + +*༄* [Discord](https://discord.gg/z5RAgaebWC) +*༄* [Telegram](https://t.me/ultiarena) + +&#x200B; + +**SOCIAL MEDIA** + +1. *༄* [Twitter](https://twitter.com/UltiArena) +2. *༄* [Our own subreddit](https://www.reddit.com/r/UltiArena_com/) +3. *༄* [Facebook](https://www.facebook.com/Ulti-Arena-105635658362050) +4. *༄* [Twitch](https://www.twitch.tv/ultiarena) +5. *༄* [Youtube](https://www.youtube.com/channel/UCw77VVcp4VEIwKUiv93qZcA) + +&#x200B; + +**AMA LINKS** + +❶ [02/06/2021 | Youtube](https://www.youtube.com/watch?v=7jag6ejhKDs&t=327s) + +&#x200B; + +\#ultiarena #ultimoon +Basically I was inquiring on voting procedures and whether my shares had been converted to cash. After he informed me of my details I asked him if Fidelity planned to update their UI in response to all us new poop slingers joining Fidelity. +He went onto explain how fidelity has seen a migration of 8-10 million robinhood users with Fidelity having 80 million customers to satisfy prior. He then went on to say that Fidelity focuses on quality over quantity as I mouthed out “holy shit” at the prospect of 10 new million robin hood users on Fidelity. + +Let’s be super conservative and assume 6 million of these 8-10million new users hold GME. +Let’s now say there is an average of 5 shares between 6 million people - that is 30 million shares of GME on ONE BROKER ALONE. +(Cough cough there are many other brokers with many gme holders) + +After asking about my control number he also told me to check back next week as there are unprecedented amount of shares to locate for this process. +Smooth brain 🦍 out +HODL ME + +EDIT: He also told me to call GameStop? And or check their website for details regarding your vote so keep your eyes peeled, don’t click on any links anyone sends you, and be dope to one another. + +For those saying show me proof - I welcome your healthy skepticism, but as this was a phone call I I wasn’t expecting to happen I did not record the call. Only way to investigate is if more apes inquire from other reps. If The fidelity rep told me these figures then I’m assuming other reps should say the same. But in any case I’m not the one providing the numbers I just came here when I heard them. +It’s important to address all claims that come through though so no harm no foul 💪🏾 + +Thank you for all the awards you beautiful apes, I only shared this interaction because I believed it would confirm our bias so hard as we deserve 🙌🏽💎 +Love to see the love and sharing of information +Source: https://hindenburgresearch.com/nikola/ + +"Today, we reveal why we believe Nikola is an intricate fraud built on dozens of lies over the course of its Founder and Executive Chairman Trevor Milton’s career. + + +We have gathered extensive evidence—including recorded phone calls, text messages, private emails and behind-the-scenes photographs—detailing dozens of false statements by Nikola Founder Trevor Milton. We have never seen this level of deception at a public company, especially of this size. + +Trevor has managed to parlay these false statements made over the course of a decade into a ~$20 billion public company. He has inked partnerships with some of the top auto companies in the world, all desperate to catch up to Tesla and to harness the EV wave. + + +We examine how Nikola got its early start and show how Trevor misled partners into signing agreements by falsely claiming to have extensive proprietary technology." +I was [looking at this](https://i.imgur.com/SNnKGGC.jpg) slide from Piketty's new presentation on capitalism and ideology and it basically showed how Britain has been a perpetual productivity laggard despite world-class universities etc. What caused and still causes this? +I should be clear, it's because I obsessed over FI and ignored my life goals. + +Together for 7 years, living together for most of it. She was perfect for me and was also very frugal. I had it all. + +I read the stickied post. "Find the live you want to live and save for it", or whatever it's called. But I didn't take it to heart. I thought I was doing this. I didn't understand. I was so wrong. I was blind. I was living the life I wanted to but I was ignoring the life that my partner wanted. + +I didn't spend money with her to do the things she really valued. I didn't buy plane tickets to go visit her family with her when she desperately wanted me to come. My whole life I said I wanted kids and then discovered FI and changed my mind because they were too expensive. I refused to buy nicer furniture for our apartment and made her embarrassed about our place and not comfortable in her own home. Over and over I made this mistake and we drifted apart. She wasn't asking for much, just for things she really valued. She is frugal. I was selfish. And I lost sight of the fact I always wanted kids. + +I realize this all now but it's too late. I told her all of this but it's too late. Don't be me. Examine every facet of your life and think about it. I regret it all. + +FI ruined my life, but it's my fault, not FIs fault. It was my obsession. So here's my advice. Focus on the life you want to live, but compromise with your partner too because I'd trade all the money in my bank for that relationship back. And once you are in the boring middle, get off this sub and go out and focus on what makes you and your family happy today. + +Don't be me. Don't get obsessed. Live in the present. + +Edit: thanks all for the well wishes. Unfortunately it's too little too late. My words are just words to her. Which I understand, I mean, actions speak and words don't. I take away from this a valuable life lesson and hopefully will be a better partner to my next partner. Harsh lessons lead to the best results. I laid my heart out for her and explained how I know what I did wrong and how I was going to fix it. Too little too late. + +I made this post to help people and put things in perspective which I think I did. I'm glad I was able to remind people that it's ok to spend money on the things that make your partner happy. + +And my FI is delayed actually because she made a great salary and we shared many expenses. Horribly ironic! + +Edit again: + +Looks like I'm undeleted. I want to add that in any breakup it's due to a variety of reasons. I'm isolating this reason for the purpose of this subreddit because I know it had a material impact in driving her away. My selfishness to not think about my partner's true wants. + +I lurked this sub for years. After this post I don't plan on coming back. I need to work on my obsession with $ and try to focus on being a better person. +First and foremost, I want to say thank you to all of the people who put their time into reading this post, and thank you 100x for those who help by commenting. + +I work at a car dealership in a town in Arkansas that I’d about 3hrs away from my hometown. Recently, my grandmother has passed and she left me $93k in her will. I really don’t have any needs with that money currently (only $3k in debt from school, no relationship, have a reliable vehicle). My dad has mentioned since he was a real estate agent that I should buy a house with it. The thing is, I have never wanted to live in Arkansas for as long as I have even now. I am open to the idea of moving to a new area and buying a house still, but since I have a dog I can’t do any real wild ideas like a year-long gap year. + +What do you think is the ideal way to go about building my wealth with this money & staying responsible? +&#x200B; + +Hey guys, + +&#x200B; + +With the current economic and political situation, everything is so messed up. It seems that it's not the best time for beginners like me to enter a new market because everything is incredibly uncertain. No one knows what's going to happen next. + +&#x200B; + +Nevertheless, I still want to dive into trading. Although the investment market is reigned by chaos now, I think this is exactly the time you can become a millionaire if you invest in the right company. I've read a couple of articles and tips on [https://www.independentinvestor.com/share-dealing/stock-trading-tips/](https://www.independentinvestor.com/share-dealing/stock-trading-tips/), but I think I've only scratched the surface of the knowledge I actually need. As far as I know, the shares price depends on several factors. One of them is the prospects of the company. I keep reading on different news sources that worldwide companies such as Apple are shutting down their production and trade points in Russia. Although they have noble intent, I can't help thinking that it'll affect their sales in the near future. + +&#x200B; + +However, the prices per share seem to go up for many US-based companies who dropped Russia. Can you explain to me please how it's possible? Maybe it hasn't been enough time for the market to react to these changes, and I'm just looking too far? + +&#x200B; + +Another moment is that I read almost everywhere that people suggest buying Russian-companies stock. Their shares are sold for 1 cent now, and I don't know if it's even possible for them to go even lower. Is there any hope that their shares will go up at some point in the distant future? Or will those companies be buried forever? + +&#x200B; + +I'd be very grateful for any tips or advice on the companies worth investing in in the long perspective. Many thanks to everyone who read this far. +Whenever the media talks about $GME or whenever Cramer has his breakdowns, they always refer to WallStreetBets still to this day. At first I thought that they might not know about r/GME and r/Superstonk, but then it got to me. They know about us, they know about every DD people write here. They study it and spend as much time here as we do. That right there, that's the reason they don't talk about this sub, ever. They know if they talk about it, people will come here interested in GME, see the real DD and all the fucked up shit them and the hedge funds do. Instead, they mention r/wallstreetbets because when a new to reddit person browses there, they see no DD instead it's all pumps and dumps, yolos into shit stocks and crypto. That's the picture they want to paint of us "GME investors". That we are doing this as a joke. That we have no real DD. That we are just dumb retail investors pumping GME like any other stock. That there is nothing special about GME. Just my thoughts, let me know what you think. + +&#x200B; + +Remember, it's simple... Hold, Vote, Buy the dip. +Edit: got it. Basically I’m young, naive, and only see the world with rose colored glasses. Will continue contributing. Not quite close enough for coast fire yet + +Edit 2: {Just a follow up for those late to the party. I’m actually in one of the few State pensions that hasn’t cut corners. As of 2017 we were 90-100% funded and had been since inception. A 2021 stress test noted that volatility was extremely low and basically economic collapse would be about the only real potential damning factor. + +Granted ours is capped at 50% of 4 highest years earned. It probably makes just as much sense to have faith in the pension as it does to have faith that the S&P 500 will repeat the last 100 years. + +I don’t see this as anything different than hedging my bets in case the market doesn’t produce the advantages it did for the last generation. + +Plus any savings I would have from curbing my contributions would go towards a home down payment. Which is itself, a form of retirement planning. } + +So I don’t really have anyone to talk to about and wasn’t sure where to post. Would like some feedback. Have I really finished saving for retirement already? + +I’m 29, $62k a year. I have an estimated retirement income of $94k a year, assuming I never received another raise, took all benefits at 62, and stopped all contributions to my Roth IRA ($42k saved) and my 401k ($31.5k saved). + +My employer makes an automatic 5% contribution to my 401k (no match required). I have a pension with for life annual payments that essentially works out to 50% of my highest income + +I have an emergency fund. I don’t own a home and have very little saved for a down payment. Single, no kids, one poodle. + +Can I really afford to stop contributing and direct money to other things? It just seems so counterintuitive +My karma may take a hit for saying this but idc, mass adoption at ANY COST is not acceptable, we cannot sacrifice decentralization for adoption if it means giving up control to governments and institutions. ETFs are a perfect example, you thought "oh a BTC ETF it's cool because theres no option to short BTC" well a week later they can now short BTC with the second BTC ETF. Regulations are the same type of double edged sword that may help people get comfortable with adopting crypto but gives the government immense power over the market. They are playing us by giving us adoption while taking control of the whole damn thing. Wake the fuck up. + +Shitcoin pumping is also a new feature here, it's your choice to do that but remember it's not good for the market to shill shitcoins. Also if a new crypto investor gets burned on a shitcoin they will probably leave the market for good so if you care about mass adoption maybe stop pumping shitcoins. But hey I don't know shit about fuck🤷‍♂️ +Close to $2m NW, firmly on the path to FF. For the last 3-4 years, every day I was taking the bus or metro to work, together with a 15 min walk to and from the station. Total roundtrip was taking me something like 1.5h or more. Yes, at times the walk was pleasant but most of the time I was just rushing to head back home as soon as possible + +While uber costs $25-30 for a return journey, and only takes 30 min total, I almost never considered it as an option. First of all, only arrogant people take taxi every day to work right? “Normal people” like you and me do not mind taking public transportation. I almost saw this as a “virtue”. Especially if you grew up middle class, you suddenly don’t wanna splurge on things middle class think “only rich people do”, you almost want to “make your parents proud” by not forgetting your roots and take the modest option + +Only recently a friend made me realise that i was saving $20-25 a day by spending an extra hour of day commuting. He told me “imagine you finish a hard day of work but then go and work somewhere else for an hour for modestly above minimum wage, would you do it?” That opened my eyes. Many things we don’t “pay for” ends up consuming our time as if we are forcing ourselves to work extra for minimum wage. And while it is SO OBVIOUS, our middle class roots and our “ethics” sometimes make it difficult for us to make the right math. There was a great article about buying back time, I think it was also mentioned here, but I cannot locate it now + +Do you have any life hacks for people firmly on fatfire, where buying back your time cheaply has improved your life quality in a meaningful way? +Close to $2m NW, firmly on the path to FF. For the last 3-4 years, every day I was taking the bus or metro to work, together with a 15 min walk to and from the station. Total roundtrip was taking me something like 1.5h or more. Yes, at times the walk was pleasant but most of the time I was just rushing to head back home as soon as possible + +While uber costs $25-30 for a return journey, and only takes 30 min total, I almost never considered it as an option. First of all, only arrogant people take taxi every day to work right? “Normal people” like you and me do not mind taking public transportation. I almost saw this as a “virtue”. Especially if you grew up middle class, you suddenly don’t wanna splurge on things middle class think “only rich people do”, you almost want to “make your parents proud” by not forgetting your roots and take the modest option + +Only recently a friend made me realise that i was saving $20-25 a day by spending an extra hour of day commuting. He told me “imagine you finish a hard day of work but then go and work somewhere else for an hour for modestly above minimum wage, would you do it?” That opened my eyes. Many things we don’t “pay for” ends up consuming our time as if we are forcing ourselves to work extra for minimum wage. And while it is SO OBVIOUS, our middle class roots and our “ethics” sometimes make it difficult for us to make the right math. There was a great article about buying back time, I think it was also mentioned here, but I cannot locate it now + +Do you have any life hacks for people firmly on fatfire, where buying back your time cheaply has improved your life quality in a meaningful way? +Just a warning to all of you, if you want to take advantage of this juicy IV this time around, I highly suggest credit spread over any type of naked selling strategy and going in with a mind set of max loss. GME 1000c contract exists for a reason, it will and definitely can reach that level with absolutely no reasons. These stocks are trading beyond fundamentals. +Notes from FM's press meet + +**Intro** + +* Focus on improving competitiveness of India +* Decongest sectors so that they become competitive +* Following on with the structural reforms from earlier +* (Also made a comment that the budget was passed recently, FY started a few weeks ago; some of the measures are being re-emphasized) +* Today's announcements too would also include previous measures, including improvements of them + +**Investment fast tracking** + +1. Portal with GIS mapping of all industrial parks, SEZs; ranking of different in +2. Coal, Defence Production, Airports, MRO, Airlines, Utilities in union territories, space, atomic energy, etc are the focus sectors +3. **Commercial mining in coal sector** \- liberalized entry, incentives for performance (currently private coal mines are captive, not commercial) India has the 3rd largest deposits of coal and we still import coal. Restrictions are not required in places of abundance. About 50 blocks could be auctioned immediately. Concessions in terms for current customers of Coal India +4. Incentives for conversion from coal to gas - Coal bed methane would be auctioned; 50K cr would be spent by GOI for 'evacuation infrastructure' +5. Seamless composite exploration-cum-mining-production regime - 500 blocks (previously exploration, mining, production were different). No distinction between captive and non-captive mines; mineral index for different minerals + 1. Joint auction of coal and bauxite for aluminum sector +6. Defence Production - No import in specific weapons and platforms. List would grow every year as the product standards improve in India. No dilution of GSQR. Indigenisation of imported spares would be given priority. Additional budget provision for domestic procurement. Done in consultation with Department of Military Affairs +7. Ordnance Factories Corporation - OFB won't be privatized, but would be made companies. Want them to be better managed and eventually listed in the markets +8. Increase in FDI limits to 74%; Time bound defence procurement; GSQR would be made realistic as required; Overhaul of trial and test process +9. Airspace management - optimization of civilian airspace - reduce flying time. Could save 1000cr for airlines (Currently 60% if air space in India is available for civil aviation) +10. 6 more airports to be auctioned - PPP model - 13,000 cr investment expected by private players +11. MRO Hub in India - most Indian aircrafts go abroad for this. Tax regime has been optimized (in Mar to reduce GST to 5% with full ITC) Convergence between defence and civil MRO. Expected to reduce maintenance costs +12. Power distribution in UT would be privatized; tariff policy reforms; encourage reduction in cross subsidy; penalty for load shedding; DBT for smart meters (Comment: GOI may be trying to set an example for states to follow) +13. Social infra for hospitals - 8,100 cr - Viability gap funding upto 30% of project cost +14. Space - level playing field for private sector in launch, satellite and space services; liberaized geo-spatial data policy; allow private sector to use ISRO facilities +15. Atomic energy - Research reactor in PPP mode for production of medical isotopes; PPP mode facilities to use irradiation tech for food preservation; more linking of start-ups to nuclear sector + +Questions + +* Mining changes would be done at the earliest +* Specific assertion that some of the measures announced include demand side measures too +* At least one more tranche has been hinted - 11 am on Sun + +Previous threads + +[https://www.reddit.com/r/IndiaInvestments/comments/gk6ne3](https://www.reddit.com/r/IndiaInvestments/comments/gk6ne3/stimulus_package_tranche_3_may_15/)[/stimulus\_package\_tranche\_3\_may\_15/](https://www.reddit.com/r/IndiaInvestments/comments/gk6ne3/stimulus_package_tranche_3_may_15/) + +[https://www.reddit.com/r/IndiaInvestments/comments/gjks4z/stimulusrevival\_package\_tranche\_2\_may\_14/](https://www.reddit.com/r/IndiaInvestments/comments/gjks4z/stimulusrevival_package_tranche_2_may_14/) + +[https://www.reddit.com/r/IndiaInvestments/comments/gicuvd/20\_lac\_crore\_economic\_package\_key\_notes\_from\_pms/](https://www.reddit.com/r/IndiaInvestments/comments/gicuvd/20_lac_crore_economic_package_key_notes_from_pms/) + +&#x200B; +I spent several hours this past week coaching traders at my prop firm. And something caught my attention… + +Every single one of these traders needed help with the same thing. + +It has to do with what I call the “reverse” gambler’s fallacy. And it’s something many traders struggle with. + +Today, I’ll show you how to get this common obstacle under control… and start earning more consistent returns year after year… + +**What Most New Traders Get Wrong** + +The obstacle I’m talking about is trading psychology. It’s a very broad term used to describe the emotional side of trading. + +Almost all new traders believe the most important part of trading is being able to analyze markets like a pro. + +On the surface, this logic makes sense. After all, if you can reliably forecast which direction to take on a trade, the money should take care of itself… right? + +What these novices don’t yet understand is that something special happens the moment you commit your money to a trade… + +You start *feeling* things. + +Whether it’s fear, excitement, anxiety, or a mix of all three, no one is immune to these emotions. And they can wreak havoc on even the best planned trades. + +You may be able to call the direction, the timing, and the target price to perfection… But it can all be for nothing if you are unable to stick to your trade plan. + +I can’t tell you how many times I’ve seen traders plan out a great trade… But then ended up somehow losing money, or not being in the market when the move they’d forecast played out. + +So how do you beat your emotions to become a better, more consistent trader? It comes down to the three key parts of trading. Let me explain… + +**The Three-Legged Stool of Trading** + +I think of trading as a three-legged stool. + +Your methodology/strategy for picking trades is the first leg. Your risk- and trade-management strategy is the second leg. And the third leg is your trading psychology. + +In my experience, most traders focus on the first leg (strategy and methodology), and they neglect the other two legs. But the stool needs all three legs to stand on its own. + +Over the years, I’ve honed my own proprietary method to develop well-rounded traders. Here’s what I’ve learned… + +The first fundamental building block of a profitable trader is to establish a proven strategy/methodology you can use to identify good trades. In my experience, everything follows from this foundation. + +How you manage your risk and your trades should be determined by the strategies you employ. Your trading psychology likewise will be influenced by your approach to risk and trade management. + +I’ve seen other trading instructors assign arbitrary percentage values to the three legs of the trading stool. Usually these values are divided up like this: 30% to the level of importance on the analytical strategy, 30% to risk and trade management, and 40% to trading psychology. + +But I don’t believe that any one leg is more important than the other. And yet I’ve found that, more often than not, traders neglect risk/trade management and psychology. + +So how do you stop neglecting these two important areas to become a more well-rounded trader? That’s where our reverse gambler’s fallacy comes in… + +&#x200B; + +**Time to Ditch the Casino Mentality** + +There is one block that seems to stop traders from progressing to working on the other two legs. + +That is, they don’t know how to flip the switch from thinking about their trades as individual trades in a vacuum… to thinking about them as a collection that relies on a statistical edge to net a profit. + +Most traders run into this problem at some point in their careers. And if you’re frustrated with your trading right now, chances are you may be struggling with this, too. + +It’s known as the casino mentality. And it’s the same mindset that amateur gamblers will take with them into Caesars Palace or the Bellagio. + +It doesn’t matter if they’re seated at the blackjack table or standing over the roulette wheel. Most gamblers believe that the hand or spin they are about to play is *the* opportunity to hit a winner. + +After all, if the roulette wheel has landed four black spins in a row, the next one surely must be red, right? + +In reality, the chances of the roulette ball landing on black or red is even, at about 47.4% each. This means each spin is independent of the last. + +This is also known as the gambler’s fallacy. What’s interesting is that I’ve observed a kind of reverse gambler’s fallacy from many traders… + +This occurs when a trader, who does in fact have a statistically proven strategy, goes on a losing streak… And then instead of continuing to trust their strategy, they abandon it altogether. + +**How to Avoid the “Reverse” Gambler’s Fallacy** + +I saw this logical fallacy in effect this past week during one of my coaching calls. + +The trader I was coaching had recently taken a technical setup that simply did not work. He was convinced he had done something wrong and wanted my help in improving his analysis. + +But his analysis was great. + +He didn’t do anything wrong in identifying the setup, which was textbook in nature. But the setup looked so good that, when it resulted in a loss, the trader was convinced that he was the problem… That he did something wrong. + +The lesson I imparted to him, which I now want to pass on to you, is this very simple truth… + +Nobody, and I mean nobody, ever takes a trade thinking it is going to be a loser. Every single trade you take will be because you thought it would make you money. + +Despite this feeling of confidence, out of 100 trades, you’d be lucky to win 50% of them. + +That’s why a great trader is not defined by what percentage of their trades end up as winners or losers. A great trader is defined by whether or not they are net profitable after taking 100 trades. + +If you win roughly as many trades as you lose, but your winners make you 2x or 3x the amount of money you give back on your losers, you will end up with a nice profit at the end of the year. + +Remember, nobody ever takes a trade thinking it is not going to work out. This is why it is absolutely crucial to abandon the idea of thinking about your trades as individual trades. + +Instead, start taking a more data-driven, statistical approach to your trading. What do I mean by that? + +Keeping a longer-term perspective on your trading is the key to longevity in this business. What your numbers look like over the next 100, 200, or 300 trades is far more relevant and important than losing your cool because you lost a handful of trades in a row. + +Of course, to be able to make it to 300 trades, you must have a rock-solid risk management plan in place. + +I don’t see gamblers at the casino take a professional approach very often. It’s rare to see someone bet small and stick to the odds on every play. It’s far more common for gamblers to be all over the place with the size of their bets. + +They may start off betting small, but after winning a couple of hands of blackjack, they get overconfident and take an outsized bet. Sure enough, on that next hand they go bust while the house just happens to hit blackjack. + +This is how casinos make money from gamblers. And it’s how the market parts amateur traders from their capital. + +No doubt, it takes a lot of hard work and discipline to make the transition from amateur to professional. But, I promise you, the rewards make it all worthwhile. Until next time. + +Regards, +Ever since i opened an account for investing, i started thinking about every penny i spent and how it can contribute to my portfolio if i added it. Every spent above 100€ is being audited before done😂 +I just started investing a couple of months ago, so do you think it will wear off or it gets crazier lol +Did someone at the CFTC office just do a no no or am I missing something? I havent found any news on this or that there was a policy change. Take a look yourself: + +[https://www.cftc.gov/MarketReports/SwapsReports/Archive/index.htm](https://www.cftc.gov/MarketReports/SwapsReports/Archive/index.htm) + +They were supposed to halt reporting on Swap data until October 2023 but we are seeing the reports again starting less than two weeks ago on Dec. 6th, 2021 (1 year of hidden data has been missed to be exact...and now BAM its back on). + +&#x200B; + +edit: if you know of anyone who did a DD on swap data, made a FOIA request for obtaining CFTC reporting data, or made any post really regarding CFTC swap data, please tag them in the post so they can help resolve. + +&#x200B; +If banking were a commoditised business driven only by interest rates, HDFC wouldn't be where it is today. What did it do differently all those years back that allows it to command better interest rates (for itself) today? +tl;dr It is possible your state's insurance commission can help get things moving with an insurance agency whose client is refusing contact. + +A woman bumped into my 1-year-old Honda van at a stoplight. The screw head on her front license plate made a neat if disconcerting hexagonal-shaped hole in the plastic bumper, otherwise the resulting scrape might not have been anything to have repaired. But I didn't want a hole in my bumper. + +We exchanged information. Based on anectdotal evidence from past experience, I didn't call the police for this extremely minor problem. I still think I was right not to bother them with it. + +I had the bumper looked at; it was going to cost $500-$800 to take the bumper off, repair the hole, paint the bumper, and put it back on. And I would need to leave the van with them 2-3 days, since paint had to dry, etc. + +I told the woman who hit me, and offered to let her pay for it instead of involving the insurance company; I didn't care which way she did this, and believe that her premiums would almost certainly go up at least the amount of the repair. She said she didn't have $800, and that she would get in touch with her insurance company. + +I didn't hear anything for a week or so, tried to call her back, got no answer. Tried from my home phone (which number she did not have) and she did answer, sounded disconcerted to realize it was me, said she had contacted her insurance company, they would be getting in touch. + +Waited a few more days; she did not answer calls from either number, and did not return messages. + +I called my insurance company; they said my insurance would cover it if I cared to make a claim there, but that I could also just open a claim with HER insurance company. So I called and did that; the person I talked with said they had no record of the accident, took the information, and said they would contact her and get back in touch. + +Another week; the insurance company says they have not been able to get in touch with the insured. + +Another week and a half, same thing. Either something catastrophic has happened to her or she's avoiding talking with both the insurance company and me. I asked the insurance company what they intended to do about it, they said they have to talk to their insured before they can do anything. How convenient. + +My wife suggests I talk to the state insurance commission; in NC, where we are, this is a state agency that regulates the insurance companies here. So I called and explained what was going on; they said they couldn't help much in terms of getting things moving UNLESS 30 days passed from the time I opened the claim without any action on their part. There is a regulation, you see, that they have to respond to the claim in 30 days. + +So at 30 days + 1 I call the commission again to let them know the insurance company took my claim over 30 days previous and has not offered any information, let alone resolution, since then. The next morning, the insurance company called (was it my imagination they were being much more solicitous?) and said they were accepting responsibility, let's set up an appointment with one of our adjusters, etc. Appointment was made and kept, damage assessed, check cut, all within a few days. I could have gotten a rental as well, but had access to a car to borrow and decided against it. + +I'm sorry for this woman who drifted into my car and doesn't have $800; I could have been much more accomodating if she had just worked with me. But I wanted PF to know that state agencies can be a help when it seems the normal commercial methods of things break down. + +EDIT/ADDENDUM: WHY I DIDN'T FILE WITH MY OWN INSURANCE. In my experience (I've lived in NC almost all my life), ANY claim made through your insurance company allows them to raise your rates. It doesn't have to make sense, it doesn't have to be your fault, it doesn't have to be substantial. I did call my insurance company for advice (after being told I couldn't talk to my agent, this company wants people to talk with them directly), and was told that of course I could file a claim, they would take care of everything and then contact the other insurance company to get reimbursed. But when I asked whether this would raise my rates, they COULDN'T TELL ME. It is, according to them, not *possible* to inform me whether this or any other action will raise my rates. This fact alone made me disinclined to deal with them over something this minor, since it leaves it entirely up to them whether to raise my rates, and there will likely be nothing I can do about it. + +EDIT/ADDENDUM: WHY I HAD IT REPAIRED. There is certainly a little vanity involved. We buy cars new and drive them until the costs of their repairs makes it economical to buy another. So our other car is a 2003 Camry with over 200k, and I hope to drive it a while longer yet. Yes, the hole in the bumper is a small thing, but it IS a thing, I don't know whether rainwater would get in it or what it would do if it did, I didn't cause the damn hole, I wanted it fixed. I don't think this has anything to do with high insurance rates, except to the extent that it costs so much to fix, which is not my fault. Insurance companies don't charge based on what things cost them, they charge based on what they can get away with. That's why they're so rich. + +EDIT/ADDENDUM: WHY I DIDN'T CALL THE POLICE. I thought at the time that there was a minimum amount for which one is required to call the police; I personally think that, if you aren't required to and there's no other reason to, that they have more important things to do. I've looked up that info since, and there seems to be a requirement to call if the damage is more than $1000. I don't know how lay people are supposed to judge that, given that this repair was estimated at $500-$800 and actually came in for about $500. +I made the mistake of test driving a model 3 performance yesterday. It made my grin in a way no car has for 25 years. But it’s £60,000 + +Background. 42m. Long term partner, 1 kid and another due. Mortgage paid off 4 years ago, £160,000 in an isa, £25,000 in cash. (£370k in a pension, not that this is really relevant) + +I can afford it, but my current car (a 6 year old leaf) is adequate, boring but utterly functional. + +Buying a Tesla seems to be in that small segment of the Venn diagram where terrible idea and awesome idea overlap. I’ve looked at other cars at a more on this planet price point (£35k Kia e nero) but none of them spark joy like the Tesla. All they give me over my £8000 leaf is a few more pointless gadgets I don’t need. + +Dear PF people. What should I do + +Edit 1. For those saying lease, it seems to be about 800 a month plus 8k down for 24 months and 12k miles. That’s 25k over 2 years, more than the likely depreciation of the asset. +I dropped out of college and work for a military computer manufacturing company. I am debt free, drive a used car, and never missed a credit card, car insurance, or any form of payment. + +My parents want me to live at home but not going to college has taken its toll on me and I need to live a little and get out. They offered no helped in looking at housing or explaining what I will actually owe when I buy one. + +I was looking at a couple homes in the $120,000 range but I am really scared about getting screwed over since I am first time buyer with a sizeable income. I guess I am wondering what I should expect. From what I have read it sounds like 20% down is normal. + +As far as interest and loan term I am completely lost and have no idea what I may owe. I just want a rough idea before I make any appointments or sign away my soul. Any suggestions when from you bought your first home? + +Michigan, Macomb County area if that helps +I know there are a lot of Bogleheads and Vanguard followers in this sub - http://www.philly.com/business/a/john-bogle-dead-vanguard-obituary-20190116.html +I know we’re all disappointed by wardens behaviour. But just be mindful (as many have pointed out) he is a 20-something yr old kid and this much hate/attention from the internet could be potentially dangerous. +Let’s just leave it be and move on for everyone’s well-being. +What are some of the little things you recommend that are a little outside of the box? + +Could be as simple as ways to reduce your spending, quick ways to make money on the side, anything. + +A good one for particularly younger/new homeowners is reviewing your mortgage a year+ ahead of remortgaging to see whether you might tip over a loan to value threshold (say 25% capital) by overpaying. Certain thresholds will give you a lower interest rate that would save you money on the next agreement. +I've repeatedly seen anecdotal references in the US + UK to staff shortages. I also read in the FT that European workforce participation is at decade lows and there are lots of specifically affected specialised industries (e.g. Truck Drivers) and (relatively) unskilled industries (e.g. waiting staff). + +However, wages are increasing and economic inequality increased during the pandemic (so most people should be relatively worse off). + +If there are staff shortages and people are struggling/poor — why do we have shortages? + +Also, if it is a matter of skills (e.g. we need to train people to drive trucks) there has been >1 year of time to do this: why hasn't the market provided it or government intervened to support (financially/cutting regulation etc) +Honestly, all I’ve been hearing this week is the bitching and moaning from MSM, Coke Rat Cramer, and the Al KAYDA obsessed Yahoo Boomer, that Ryan Cohen hasn’t shared any strategy or clear path for the business. + +And guess what? HE DOESN’T HAVE TO. + +GameStop said last Quarterly Report that they have the best investors in the world. + +Ryan Cohen talks to US. HIS INVESTORS. + +He doesn’t need to talk to MSM like he did with Chewy. He knows this. + + +I’m not selling. Poppa Cohen also knows my name since I’m DRS’d. + +I’m all in. +Many years ago when petrol was like 80c/litre and the average salary was much lower, 100k/year felt like the somewhat universal number treated with awe and acclaim... to me anyway, as I have been and likely always will be an average income earner. + +100k was always my mental yardstick for being quite well off, but as average salaries have grown and cost of living soared, it’s clear 100k is not as special anymore. + +My mental yardstick needs to be updated…What’s the new 100k? +I wrote this out for a friend, thought it might be helpful to share here too. The goal is to provide some context for beginners and show how to get started. I’m open to questions from anyone trying to learn, or critiques from the veterans. + +First off the rule of thumb is to only have your emergency fund and expected upcoming expenses in cash, everything else should be invested. Think about how much cash you need, and in the meantime you can start small by investing a little bit each month and increasing your contributions as you get more comfortable. For how you should be investing, I’m going to recommend putting everything into a Total Stock Market Index Fund. + +A Total Market Index Fund tracks the performance of the entire US stock market. The way it works is it has almost 3,700 different stocks in it, each weighted based on their total value in the stock market. For example Apple is the biggest company in the US by market value, worth 6.5% of the entire stock market. Microsoft is the next biggest at 5%. So if you have $100,000 invested in a Total Market Index Fund, it’s like you actually have $6,500 invested in Apple, $5,000 in Microsoft, and so on based on each of the 3,700 stocks weighted values. + +The S&P 500 is another popular index fund. It is comprised of the 500 biggest companies in the US and makes up over 2/3 of the total stock market, so it has a lot of overlap with the Total Stock Market Index Fund, but it has a little less exposure since it excludes the smaller companies. Historically the performances of these two indexes have been nearly identical. + +The S&P 500 and Total Stock Market have had over 13% annual growth over the last 10 years, so in that timeframe $100,000 invested would’ve grown to ~$370,000, which is a great example of how powerful investing is over sitting on cash, but it’s also important to note that past performance does not guarantee future performance. These last 10 years have had particularly strong growth, and I’d be surprised if it keeps that pace. + +The Total Stock Market fund and S&P 500 fund are both synonymous with “the Market,” and are two examples of low-cost, passively invested index funds. Index funds seek market average returns, but there are thousands of actively managed mutual funds to choose from which are more expensive and exist on the belief that they’ll “beat the Market.” Some do, but in reality most end up underperforming, which is why I’m recommending a cheap and easy index fund. + +You can find these funds at any of the big investment firms: choose from either Fidelity, Vanguard, or Charles Schwab. To use Fidelity’s Total Stock Market Index Fund, FSKAX, there’s no minimum investment, and the fee is only 0.015%, so every $1,000 you have invested will cost you 15 cents each year. Good practice for investing is to consistently contribute every month, as much as you can afford. You can do things like set up direct deposit to have a portion of your paycheck go straight to your investments, or automatically transfer some amount from your bank like $500 every month, or just contribute each month based on how much you have available. They have good customer service that will help you get setup. + +Note on the power of compounding interest: Historically the market has averaged 10% annual returns. At that rate of growth, if you were to invest $1,000/mo for 40 years, you would end up with over 5 million dollars, having contributed a total of $480,000. $500/mo would get you over 2.5 million dollars from $240,000 in total contributions. + +Afterthought: Investing is much easier than most think, you just need to find the right fund(s) and contribute monthly, can even set that up automatically. It does get slightly more complex as you get older and as you accumulate more wealth. Once you cross a certain threshold of wealth, and I’m talking $200,000+ invested, it’d be a good idea to get more diversified. And as you get closer to retirement, you’ll want to invest more conservatively. But both of those are just a matter of adding a couple more funds to your portfolio and choosing how much you want in each one. + +Key concepts to learn +- Asset Allocation: Stocks vs Bonds +- Market Cap: Large vs Mid vs Small +- Growth vs Value stocks +- Rebalancing +- Dollar Cost Averaging +- Paying off Debt vs Investing +- Retirement Accounts: Tax benefits, Roth vs Traditional, 401(k) vs IRA +A 2 or 3 would have less chance to occur even if there is more profit. A 1:1 would also be the most consistent with higher chance of take profit hitting. +I just let the cat out of the bag and announced my intention to retire today. My manager was a bit surprise as he thought I would work (at least) for a few more years. Anyway, he is now working on a retention package for me. I am somewhat open to it as long as the package is good and it is no more than 12 months... Will see... + +Total NW as of 8/5/22: $8.8M+ ($6.8M+ mostly in stock/cash/bond and $2M+ primary resident). + +[https://www.reddit.com/r/fatFIRE/comments/vtw2jh/should\_i\_pull\_the\_trigger\_and\_retire\_this\_year/](https://www.reddit.com/r/fatFIRE/comments/vtw2jh/should_i_pull_the_trigger_and_retire_this_year/) + +EDIT 8/6/22: Thank you everyone for your comments/posts. I have learned so much from this group. +Every once in a while I have a feeling, sensing a rush of unstoppable energy. The feeling you get when lightning strikes five feet away from you, except more exhilarating and impossibly attractive. These moments--these sudden, quick explosions of energy that change the world--are rare but once you see it you want to grab it with every ounce of energy you have. + +Anyways, anon, I want to talk to you about $PINKPANDA. I’m a community member and am quite devoted--but not as devoted as other community members, who’ve even gotten PinkPanda tattoos. + +It’s really quite simple: (1) the PinkPanda dev team is insane, releasing their mobile app (Robinhood but for crypto) for both iOS and Android after only a week of development and then releasing weekly updates. V2 of the mobile app and website will be coming in a couple weeks and it’ll blow everyone out of the way. (2) The PinkPanda community is insane, constantly raiding and shilling and writing posts like these. Because we want you to join us, anon. + +Wondering what else is in store? Well, there’s VC investment coming, and the dev team doubles in size every couple weeks, and massive influencers like Tyler Hill and Steven Clarke are planning videos on PinkPanda. In 6 months, you will either thank me wholeheartedly for writing this post, or curse yourself for not listening to the rush of energy you’re feeling right now. + +Because when you feel the energy, anon, it’s time to grab it. + +💬 TG: https://t.me/PinkPandaDefi + +🌐 Website: https://pinkpanda.finance + +🚀 Contract: 0x631e1e455019c359b939fe214edc761d36bf6ad6 + +🚀 Buy: https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x631e1e455019c359b939fe214edc761d36bf6ad6 +" Evergrande, the world’s most indebted property developer, is set to formally enter default on Oct. 23, when the grace period ends for its first missed bond payment. On Tuesday, the company missed a third round of payments, bondholders confirmed to the ­Reuters news agency, intensifying investor jitters" . [source](https://www.washingtonpost.com/world/asia_pacific/china-evergrande-debt-property/2021/10/12/403d48ca-2b1a-11ec-b17d-985c186de338_story.html) + + +Other real estate giants are also set to default and are currently missing bond payments like fantasia [source](https://www.reuters.com/business/chinese-developer-fantasia-misses-repayment-deadline-2021-10-04/) + + +Seems the entire Chinese real estate market is in trouble. + +So, NOW we will see who the creditors to Evergrande are, and what the rippling effect of this house of cards on the financial industry will be and especially on the Chinese economy. +~~Perhaps the price of Bitcoin is being manipulated recently to highs, in anticipation of the collapse of Evergrande and the end of tether stablecoins?~~ +[Forbes](https://www.forbes.com/sites/andrewdepietro/2022/11/29/canada-gdp-per-capita-a-full-breakdown/?sh=3dc71775666c) recently did a breakdown of Canada's GDP per capita. Using [constant 2015 U.S. dollars](https://datahelpdesk.worldbank.org/knowledgebase/articles/114942-what-is-the-difference-between-current-and-constan), Canada's GDP per capita in 2012 was $42,315.81 and $43,945.56 in 2021, a mere increase of 3.85% in 10 years. In fact, the historical peak was in 2019 where it just edged above $45k. Over the same time period, Canada's GDP (in constant 2015 U.S dollars) increased from $1.47T to $1.68T, a modest 14.3% increase. Canada's population increased from [34.8M to 38.4M](https://www150.statcan.gc.ca/t1/tbl1/en/tv.action?pid=1710000901&cubeTimeFrame.startMonth=10&cubeTimeFrame.startYear=2012&cubeTimeFrame.endMonth=10&cubeTimeFrame.endYear=2021&referencePeriods=20121001%2C20211001) from 2012 to 2021, an increase of 10.3%. + +How should investors interpret this phenomenon? It would appear that Canadians are not becoming more productive, and the majority of the increase in economic output of the country is coming from population growth. + +In contrast, U.S's GDP per capita in constant 2015 U.S dollars grew from [$54,213.5 to $61,855.5](https://data.worldbank.org/indicator/NY.GDP.PCAP.KD?end=2021&locations=CA-US&start=2012) from 2012 to 2021, an increase of 14.1%. U.S GDP grew from [$17.02T to $20.53T](https://data.worldbank.org/indicator/NY.GDP.MKTP.KD?end=2021&locations=CA-US&start=2012) or a 20.6% increase. Meanwhile the U.S population grew from [313.9M to 331.9M](https://data.worldbank.org/indicator/SP.POP.TOTL?end=2021&locations=US&start=2012), an increase of just 5.7%. The U.S seems to derive its economic growth mainly from increase in productivity rather than increase the population. + +As an average Canadian, does this shake your confidence in the Canadian economy when it seems like our economic strategy just seems to be growing the population without actually becoming more productive? If you're an investor in the Canadian economy, what do you think? +Child safety +As one of Pigzbe’s core target audiences are families with young children, Pigzbe has +gone to great lengths to ensure that both privacy and safety of children are +protected, beginning with the product design phase through to production +deployment. Additionally, Pigzbe adheres to the guidance issued by the Information +Commissioner's Office in the UK (ICO). +PII sensitive data +At Pigzbe, we are avid participants in the new digital economy, and we are as +concerned with personal privacy as our community members and customers are. In +addition to the adoption of encryption, and the security best practices guidelines +described above, Pigzbe also adheres to the following regulations: +● General Data Protection Regulation (GDPR) +● UK Data Protection Act +● Directive 2002/58/EC (the E-Privacy Directive) +● Directive 2006/24/EC Article 5 (the Data Retention Directive) +I've tried to google the laws about this in my state of Utah, but couldn't find anything specific to private homes. + +These people off as intimidating. I know there are really easy ways to get fake service animal labels on the internet and I think some of these folks bully landlords who aren't familiar with their state laws. + +What exactly is the law when it comes to a private home where the landlord lives there too? What are my rights in my own home? + +**UPDATE WITH LINKS** (from replies below, thank you everyone!) : + +* [https://fairhousing.foxrothschild.com/2010/06/articles/fha-basics/the-mrs-murphy-exemption-to-the-fair-housing-act/](https://fairhousing.foxrothschild.com/2010/06/articles/fha-basics/the-mrs-murphy-exemption-to-the-fair-housing-act/) +* [https://www.humanesociety.org/resources/fair-housing-act-and-assistance-animals](https://www.humanesociety.org/resources/fair-housing-act-and-assistance-animals) +* [http://www.mondaq.com/unitedstates/x/235406/real+estate/The+FHAs+Mrs+Murphy+Exemption+A+50+State+Guide](http://www.mondaq.com/unitedstates/x/235406/real+estate/The+FHAs+Mrs+Murphy+Exemption+A+50+State+Guide) + +Please share with fellow landlords. I hate seeing people bullied, intimidated, or pushed around... whether it's by tenants or landlords. +I’ve seen a flood of people asking to take the sub private, and I really think that goes against everything this sub stands for. This sub is where a lot of former WSB members, including myself, got their start. This sub, along with subs like r/options and r/investing, are what separate the people who really want to learn, from those just looking to make a quick buck. While I understand that people are nervous that these subs will be overrun with “normies”, most of the new traders will get burnt once or twice, and give up. It’s just a cycle, and this sub should stay public for those that are able to take the losses and continue to grow. Taking this sub private just makes it harder for new traders to get the proper information they need. +Hi everyone. I wanted to just give a quick statement before I wind down for the night. u/WardenElite has stepped down as moderator and provided [this resignation post](https://www.reddit.com/r/Superstonk/comments/ndg6oi/i_will_be_stepping_down_from_being_a_mod/). + +I received a lot of messages, saw a [very critical post](https://www.reddit.com/r/Superstonk/comments/nddod9/exposing_warden_here_he_is_calling_superstonk/), and urgent insistence from several in my chats to remove Warden and resisted because we don't succumb to mob rule or witch hunts. The mods have a process and we take it seriously when we remove permissions or remove mods overall. This is to make sure the mods feel secure in their positions and take pride in their roles. + +I immediately opened dialogue with Warden and asked him to explain himself. He gave some basic reasoning, but as more evidence and screenshots came to light, I began to realize this was not something he could explain away. I told him that I think it'd be best if he resigned, but I will make a decision TONIGHT either way and he had to write his goodbye asap. + +I then opened a poll (we have a system) for the mods to review this evidence and decide what to do. I removed Warden's permissions while we held that vote; so all he could do is view mod log and see our mod chat. Many of you saw him on the mod list but know he was sitting there powerless while we reviewed everything. + +We asked many questions, and IMO he made minimal effort to defend his actions, explain himself, and made no efforts to prepare us or discuss with us before he made that post. As a result, we developed a serious loss of confidence. + +Warden also was busy, and unable to be in mod chat very often. He would not often hold discussions with us. His mod log was underwhelming, as well. We as mods were already a little peeved that he wasn't more involved, so when this happened, and we received minor explanation, the mood turned sour and many of us were very upset, and some of us [denounced him for it](https://www.reddit.com/r/Superstonk/comments/ndg93z/dispelling_denouncing_wardens_fud_market_limit/). + +Ultimately, Warden posted his resignation letter and removed himself as mod. I think he may have felt we should part ways, and I do as well. + +Superstonk is not a place for streamers to prioritize profits, or for mods to sit in discords insulting their members. Our motto is APE FIRST, MOD SECOND. And "mod first" or "selfish" actions are not part of the Superstonk Moderator methodology. It is literally in our code of ethics and expectations for mods. Warden knew this as it was discussed from the beginning. + +As many of you know, Superstonk was born in mod drama, so we are treading lightly when we handle it. I personally was jumped by a mod team and stripped of permissions, so I know how overwhelming it can be. I also quit my role and came here, and had a vision of free speech, fairness, and honesty. I have done my best to give this ideology to the other mods and we use it as a bonding agent so that we stay strong but also individual. You can all see the results of that. + +While it can be tempting to lose your temper and do things that are rash, we prioritize a simple series of ideas: to share information, to learn, to communicate, and to build a community. We communicate and work together daily. Mods who don't seem focused on those goals, seem to stand out rather easily. Our mod team embodies the values of this and Warden's departure will allow us to focus more on these values and overall I think r/Superstonk will benefit. + +I want to give u/WardenElite thanks for following us to Superstonk and being a mod while we built this grand community of super apes. I truly think we are one of the best subreddits on reddit, and I will always do right by the ape community; if not, I will do everything in my power to remedy it. I want to be fair to the community, but also the mods themselves. I don't like to act too rashly, nor with too strong a delay. I try to make good decisions, and I listen to you all. + +Warden is not banned. I have no current plans to ban him. He can still post. However, the rules will be enforced just like with the rest of the community. Thank you everyone. + +Red +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). Last ban length: 1,048,576 days + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/2sQBNuM). +Interesting article on CNBC today highlighting Millennial savings habits & discussing a recent Merrill Study into the topic: http://www.cnbc.com/2017/05/23/heres-what-millennials-are-prioritizing-instead-of-retirement.html + +Of course take it with a pinch of salt (personally not a fan of the person they interviewed) but interesting to see FIRE on the front page of CNBC. Thoughts? + +Edit: The underlying survey makes for a much more interesting read than the CNBC article. https://www.merrilledge.com/report + +Edit2: Keep in mind survey methodology when reading: The survey consisted of 1,023 mass affluent ($50K-$250K) respondents the U.S +***Ok this may be down voted but I think its pretty obvious what's about to happen.*** + +***I believe Ryan Cohen only has interest in BABY and Gamestop is the buyer under Section 2 and he was already speaking with Carl Ichan about being the Well-Capitalized Acquirer under Section 3and that's why he says he believes*** **Bed Bath presently satisfies financial sponsors’ interest. Ryans motive was and still is to spin-off Baby. The post yesterday was to indirectly say that they have found an agreement.** + +1. ***Carl Ichan to buy Bed Bath and Beyond*** +2. ***Gamestop to buy BABY off Bed Bath and Beyond after Carl Ichan takes control*** + +# RC Ventures LLC to $BBBY on 6th March 2022 + +**We believe Bed Bath needs to narrow its focus to fortify operations and maintain the right inventory mix to meet demand, while simultaneously exploring strategic alternatives that include separating buybuy Baby, Inc. (“BABY”) and a full sale of the Company.** + +**2. Seek to Monetize the Ultimate Destination for Babies** + +Another path that can streamline Bed Bath’s strategy and **unlock value trapped within the Company’s underperforming shares is a sale or spin-off of the BABY banner.** Given that BABY is estimated to reach $1.5 billion in sales in Fiscal Year 2023 with a double-digit growth profile and at least 50% digital penetration, we believe it is likely much more valuable than the Company’s entire market capitalization today. Assuming continued growth and low double-digit margins, we estimate that BABY could be valued at a double-digit earnings multiple on a standalone basis. We believe under the right circumstances, BABY could be valued on a revenue multiple, like other ecommerce-focused retailers, and justify a valuation of several billion dollars. + +In the event Bed Bath pursued a full or partial sale of BABY, it could position itself to pay off debt, put cash on the balance sheet and continue reducing its share count, thereby creating significant value for shareholders. **Spinning off shares of BABY would be an even more efficient way to transfer value to shareholders. Notably, BABY’s high online penetration would likely ease operational hurdles. We assume Bed Bath and BABY could still have a shared services agreement to maintain an omnichannel experience for customers.** + +**3. Evaluate a Full Sale to a Well-Capitalized Acquirer** + +The final path we want to raise for consideration is a full sale of Bed Bath, in its current form, to one of the many well-capitalized financial sponsors with track records in the retail and consumer sectors and the ability to pay a meaningful premium. The past 10 years have shown that Bed Bath faces a difficult existence in the public market. The market is not giving the Company nearly enough credit for BABY’s value. A sale that can lock in a substantial premium for shareholders and provide Bed Bath the flexibility of the private market could be an ideal outcome for customers, employees and investors. **We believe Bed Bath presently satisfies financial sponsors’ interest in specialty retailers with recognizable brands, niche assets and sub-banners, and margin expansion opportunities.** + +**A private market participant with a long-term vision could unlock meaningful value by running the core business for cash and initiating a public offering for BABY at the optimal time. After stripping out the sizable costs of being a public company and setting a more focused strategy, we suspect Bed Bath’s core business — excluding BABY — could generate attractive earnings.** + +[Source](https://s.wsj.net/public/resources/documents/bbbletter030622.pdf) + +# Why would Carl Ichan want Bed Bath and Beyond? + +&#x200B; + +1. Icahn has previously stated he buys into a company "when no one wants it,” +2. Carl Ichan owns West Point Home + +&#x200B; + +https://preview.redd.it/m1nqtcrbxlu91.png?width=322&format=png&auto=webp&s=ba32fa67edc8461be4e8cd08e2d201d4a0a88db5 + +**Their products include a diverse range of home fashion textile products including: towels, fashion bedding, sheets, comforters, blankets, mattress pads, pillows and more.** Some brands that they offer include: Martex, Izod, Ralph Lauren, Hanes, Stay Bright, Vellux, Patrician, Lady Pepperell, and Utica Cotton Mills. Products from Westpoint Home are found in retail stores throughout the United States. [Source](https://en.wikipedia.org/wiki/WestPoint_Home) + +**The year 2022 has been an exciting one so far for WestPoint.** Having made major strides toward European expansion and the release of a brand-new textile range, the company now looks toward further growth with new product launches with major brands such as Martex, Vellux, Luxor and Lady Pepperell across the US and UK markets. **Along with reinvigorating some of the company’s venerable brand names, they will be launching numerous branded initiatives for the important ‘back to school’ season with retailers like Bed, Bath and Beyond,** JC Penney and Macy’s. The company will also be collaborating with Ralph Lauren Home on several growth programs over the coming months. [Source](https://manufacturing-today.com/profiles/westpoint-home/) + +# How did Carl Ichan buy West Point Home? + +"Trumping" Seniority: Recent Decisions in Westpoint Stevens allow Bankruptcy Process to Undermine Intercreditor Terms Between First-Lien and Second-Lien Lenders. + +**The** ***Westpoint*** **case involved a contest between two groups of secured lenders for control of the debtor's business.** The first group, led by Wilbur L. Ross, Jr., held a majority of the debtor's first-lien debt of $488 million. **The second group, led by Carl C. Icahn, held a majority of the second-lien debt of $165 million, and 40% of the first-lien debt.** When it appeared that a consensual plan was unattainable, the debtor proposed a Section 363 sale of its assets. **Following a bidding war between the groups at an auction, the Icahn group emerged the winner** and obtained approval from the bankruptcy court to purchase the debtor's assets under Section 363(b). **Under the terms of the Icahn group purchase, a new Icahn entity would purchase the Westpoint assets, the first and second liens would be released, and the equity in the new entity would be shared among the first-lien lenders** (which would receive shares valued at $489 million, the value of their first liens as determined in the sale order), the second-lien lenders (which would receive shares valued at $95 million), **and the Icahn group (which would purchase a stake in the new entity for $187 million in cash)**. **This sale structure assured that the Icahn group would obtain majority control of the debtor's business, through the equity in the new entity distributed to it on account of its first-lien and second-lien positions, combined with the equity interest it purchased with cash.** + +[Source](https://www.wilmerhale.com/insights/publications/trumping-seniority-recent-decisions-in-westpoint-stevens-and-trump-entertainment-allow-bankruptcy-process-to-undermine-intercreditor-terms-june-17-2010) + +# Ryan Cohen hires Icahn proxy solicitor Harkins Kovler for possible Bed Bath fight + +**RC Ventures has retained Harkins Kovler,** the solicitor **frequently used by prominent activist investor Carl Icahn in his corporate battles**, said the sources, who are not permitted to discuss the private matter publicly + +[Source](https://www.reuters.com/business/retail-consumer/ryan-cohen-hires-icahn-proxy-solicitor-harkins-kovler-possible-bed-bath-fight-2022-03-10/) + +# Bed Bath & Beyond Adds New Directors in Deal With Activist Ryan Cohen + +The home furnishings retailer added **Marjorie L. Bowen, Shelly C. Lombard** and **Ben Rosenzweig** to its board of directors as part of a cooperation agreement with Cohen and his company RC Ventures, according to a Friday (March 25) [company press release](https://www.prnewswire.com/news-releases/bed-bath--beyond-inc-announces-cooperation-agreement-with-ryan-cohen-301510562.html). + +# Who do I believe these board members represent? + +**Ryan Cohen - Marjorie L. Bowen & Ben Rosenzweig** + +I believe **Marjorie L. Bowen and Ben Rosenzweig** **represent Ryan Cohen** as they joined a four-member strategy committee that’s **focused on alternatives to maximize the company’s buybuy BABY brand.** [Source](https://www.pymnts.com/news/retail/2022/bed-bath-beyond-adds-app-registry-rewards-turnaround-efforts/) + +***I believe they will focus on the carve out of BABY carve out under point 2 of RC Ventures Letter*** + +**Carl Ichan - Shelly C. Lombard** + +I believe **Shelly C. Lombard represent Carl Ichan** in structuring the indirect buyout of Bed Bath & Beyond through acquired the BBBY debt and exchanging it for equity to take control. Similar to how Carl Ichan took control of West Point Home. + +There was no mention of **Shelly C. Lombard looking at Baby so what is she there to do? WHat is her expertise** + +**Biography from Bend Bath & Beyond Website** + +Ms. Lombard currently serves as an independent consultant, focusing on investment analysis and financial training. She has over 30 years of experience analyzing, valuing, and investing in companies. **Prior to becoming a consultant**, **she served as Director of High Yield and Special Situation Research for Britton Hill Capital, a broker dealer specializing in high yield and special situation bank debt and bonds and value equities,** from 2011 to 2014. **Prior to that**, she was a high yield and **special situation bond analyst and was also involved in analyzing, managing, and restructuring proprietary investments for various financial institutions.** She was named by NACD as one of its 100 Directorship Honorees for 2021. Ms. Lombard brings strong financial analysis, investment, capital markets, and public company director experience to our Board. + +[Source](https://bedbathandbeyond.gcs-web.com/board-member/shelly-lombard) + +***I believe she will focus on buyout and change of control of Bend Bath & Beyond in a structure similar to how Carl Ichan bought West Point Home*** + +***If all directors were representing Ryan Cohen, why is there not pressure to remove them following his sale in August. Because the Game is still on!*** + +# Why did Ryan Cohen sell his shares of BBBY on August 17th 2022? + +**If you remember the start of August, out of nowhere the media started talking about Ryan Cohen buying Bed Bath & Beyond and the call options he owned.** + +**But we all knew about this since March, why was it being pushed now!** + +**I believe it was because the bonds were heavily discounted and Carl Ichan started buying them.** + +**They then started to push the narrative of Ryan Cohen and Bed Bath to drive the price and the value of the bonds.** + +&#x200B; + +[Green arrow is 17th of August when Ryan Cohen sold](https://preview.redd.it/6w5tolta6mu91.png?width=1318&format=png&auto=webp&s=5222339291d18b29ccbaaf382de10ec0361761df) + +[Source](https://markets.businessinsider.com/bonds/bed_bath_beyond_incdl-notes_201414-24-bond-2024-us075896aa80) + +**The value of the bonds were rising, Ryans holding was therefore turning against him as the media was using this to pump the stock and the bond values.** + +**The lower the stock went and the lower the bonds went the better, RC could acquire more shares on the cheap and or Carl Ichan could buy more debt at discounted value.** + +**A value that truly represents the situation the company is in and not a pumped value created by the media.** + +# The BBBY September 29th Update + +A lot of disappointment, all the hype pushed for another day. However hidden in the 10Q was this little gem. + +10Q - [Source](https://bedbathandbeyond.gcs-web.com/static-files/5def01b1-cf9d-4c64-b2fe-d5c9c4edd750) + +The Company is considering liability management transactions with particular focus on the 2024 bonds. Transactions could be launched in the third quarter and could include offers to **exchange our current debt for new longer tenured debt or equity at exchange ratios related to the then-current value of the current debt**. However, the transactions could take other forms or might not be launched at all. + +# The Tweet + +&#x200B; + +https://preview.redd.it/d83y0dai9mu91.png?width=627&format=png&auto=webp&s=c7bf55352c1adf4d01fd6caa4464a007c4ea6118 + +# And Finally + +A few hours after the tweet, Bed Bath & Beyond Inc. (NASDAQ: BBBY) **today announced that it has commenced offers to exchange (the "Exchange Offers") any and all of its outstanding Senior Notes.** + +[Source](https://bedbathandbeyond.gcs-web.com/node/16511/pdf) + +***I believe this exchange will give Carl Ichan control over Bed Bath & Beyond as he will take equity in exchange for all the discounted 2024 bond he bought up.*** + +In conjunction with the exchange they are also seeking eliminate the restrictive covenants + +https://preview.redd.it/5nh2p7glamu91.png?width=922&format=png&auto=webp&s=969129ac7d142bdd8c29c42e598723585a4d295d + +# TLDR + +# Carl Ichan to buy Bed Bath and Beyond + +# Gamestop to buy BABY off Bed Bath and Beyond after Carl Ichan takes control + +&#x200B; + +EDIT 1: [**sheepwhatthe2nd**](https://www.reddit.com/user/sheepwhatthe2nd/) **- "but he might"** yes I fully agree with this. He might + +EDIT 2: I am 90% invested in GME and 10% invested in BBBY. GME is the play and always will be. + +EDIT 3: If you think this is a shill post, I will happily delete it. I will leave it for awhile longer to see if there is a general consensus + +EDIT 4: **BBBY Post S-4 Filing after hours** [Source](https://bedbathandbeyond.gcs-web.com/sec-filings/sec-filing/s-4/0001193125-22-264212) + +It pays specific attention to the ranking of the Lien's - as Carls buyout of West Point Home caused lots of controversy and law suits. Its seems this S4 is getting their ducks in a row and ensuring all bond holders know where they stand. + +You can read more about this in the section above "*How did Carl Ichan buy West Point Home?*" + +&#x200B; + +https://preview.redd.it/opfzv9l6mmu91.png?width=855&format=png&auto=webp&s=30b5b98a706f1a1fe8699663d166ca45c4aefe11 + +&#x200B; + +https://preview.redd.it/8bvuzv2gmmu91.png?width=656&format=png&auto=webp&s=797060f5e1d7b33db39eb3fc85e19f9170070bd9 + +Edit 5: The BABY Theory, also lines up with below + +1. the 2021 trademarks filed by GameStop; and [Source](https://www.trademarkia.com/company-gamestop-inc-481658-page-1-2) +2. recent updates on there website where you can search by age [Source](https://www.gamestop.com/toys-games) +3. Also the language used in the RC Ventures letter to GameStop [Source](https://www.sec.gov/Archives/edgar/data/1326380/000101359420000821/rc13da3-111620.pdf) and the RC Ventures letter to BBBY [Source](https://s.wsj.net/public/resources/documents/bbbletter030622.pdf) (Section 2 - Seek to Monetize the Ultimate Destination for Babies ) is the same + +&#x200B; + +[1](https://preview.redd.it/iw4zacs0omu91.png?width=1005&format=png&auto=webp&s=8aa2611107c11d5225c7490d7fc93db1f88125b3) + +&#x200B; + +[2](https://preview.redd.it/b5cj13mbomu91.png?width=1649&format=png&auto=webp&s=76f5e474056ff65b00e165eee80eec0e1bc9f8fe) + +&#x200B; + +[3](https://preview.redd.it/mjin19dcpmu91.png?width=634&format=png&auto=webp&s=d7b348b7a5d7ffd54d05d3ba8723137b11ad426a) + +&#x200B; + +[3](https://preview.redd.it/5cui4g9fpmu91.png?width=688&format=png&auto=webp&s=2a4efb50de3e976c52ddae2c4824daa13844fed2) + Told the boss last week and he handled it extremely well. For that I am extremely grateful. An email will go out in 15 minutes to everyone else. Been a long time coming and it will be an emotional load off my chest, that I'll no longer have to keep this under wraps. Heart is racing, just sitting here unproductive, and a bit emotional at the moment. . \*deep breathes\* Good things to come in my next chapter. I hope everyone on this forum reaches their goals for FI ASAP and I thank all the contributors for the knowledge they've shared here and on other forums. +I've been postponing buying at 3, 5, 7, 10, 12, 15, and now 23. I did buy some when it was a .8 though... I've just been expecting a correction and didn't finish dollar cost averaging. And well... it's fine... though, now I'm at this point... is it worth buying in again? Do you guys think price will crash once it hits a major exchange? How it's gone up is just unreal... but there is clear value in what Raiblocks is delivering +Im 24 and very unexpectedly inherited $600k. My family has always been mad at each other and turns out my out of state grandma liked me best. + +I have a decent job that pays the bills without leaving too much money to save or spend. I feel like telling everyone and am obviously pretty pumped about this but reading threads here this seems like a silly idea, so I thought Id at least mention it here. + +I have a degree unrelated to finance and have never had much money. So Ive been googling and came to the conclusion that maybe approaching Blackrock or Vanguard might be the best choice? But I have no idea if I need to negotiate with them or if they try and take advantage of you. And this advice only comes up every so often, so not sure if its actually the play or if with 600k Im too small of a fish. + +Or if I should approach a bank to invest in something that tracks an index? + +Any pointers would be very appreciated. +I've wrestled with the idea of selling my ARK funds because I know the dangers of being emotional about a portfolio and selling when you're down. (I'm only down 14% in this correction given that ARKK was not my entire portfolio.) + +The question now is whether rising interest rates and incoming inflation mean that growth is falling out of style. I'm still sitting on really healthy profits from ARKK and so part of me wants to take my money and call it a day. I'm just conflicted because I can't make up my mind on whether I'm selling because market fundamentals are changing or for emotional reasons (which I know must be avoided at all costs). + +Peter Lynch wrote that you should only sell when the fundamentals change. The question now is whether the market fundamentals have changes so much that growth investing no longer work. I'm a great believer in doing what works at a given time. Deng Xiaoping had a great saying "It doesn't matter if a cat is black or white as long as it catches mice." Over the past decade growth investing has worked tremendously while stubborn value investors have suffered meagre returns. To me, the best thing is to switch your investing style with the times rather than to stubbornly stick to an out of style approach. Does growth investing no longer catch mice, is the question. +Theft is exactly what it is. We go to the grocery store to buy groceries, the store takes our money, and tells us they'll feed us in 35 days, and in 35 days, they tell us the same thing. Why? because sooner or later we dle of starvation. that's their goal for every stock holder and every company they've shorted: steal from us, starve us, and hope they all dle or go away. and in the mean time they have our money and use it to buy other things and profit twice! once from the theft and then a second time by making money off the money they stole from us! + +Well, Wall Street, I have no plans of dylng anytime soon and I'm not going away. Put the damn groceries in my bag! 💎🤜🤛💎 + +Buy, Hodl, DRS. THIS IS THE WAY! 💎🙌🚀🦍🌕 + +🤟🦍 +THE SEC HAS THE POWER TO END THIS - THEY'VE DONE IT BEFORE AND CAN DO IT AGAIN + +This is extracts from a 92 page document, I highly recommend reading the whole thing + +[https://www.sec.gov/rules/final/2008/34-58773.pdf](https://www.sec.gov/rules/final/2008/34-58773.pdf) + + Effective Date: October 17, 2008 until July 31, 2009. + +July 2008 (the “**July Emergency Order**”) and September 2008 (the “**Short Sale Ban Emergency Order**”) + +In these orders we noted our concerns about the possible use of unfounded rumors regarding the stability of financial institutions by short sellers for the purpose of manipulating the prices of securities issued by the financial institutions to increase profits through “naked” short selling.3 + + We intend that the temporary rule will address potentially abusive “naked” short selling by requiring that securities be purchased or borrowed to **close out any fail to deliver position in an equity security by no later than the beginning of regular trading hours on the settlement day following the date on which the fail to deliver position occurred**. This temporary rule should provide a powerful disincentive to those who might otherwise engage in potentially abusive “naked” short selling. + + The July Emergency Order required that, in connection with transactions in the publicly traded securities of the substantial financial firms identified in Appendix A to the Emergency Order (“Appendix A Securities”), **no person could effect a short sale in the Appendix A Securities** using the means or instrumentalities of interstate commerce **unless** **such person** or its agent had borrowed, or arranged to borrow, the security or otherwise **had the security available to borrow in its inventory, prior to effecting such short sale**. The July Emergency Order also required that the short seller deliver the security on settlement date, prohibiting any fails to deliver in the Appendix A Securities.24 + + T**he Short Sale Ban Emergency Order temporarily prohibited any person from effecting a short sale in the publicly traded securities of certain financial institutions**. On October 2, 2008, we extended the Short Sale Ban Emergency Order due to our continued concerns regarding the ongoing threat of market disruption and investor confidence in the financial markets.28 Pursuant to the extension, the Short Sale Ban Emergency Order terminated at 11:59 p.m. EDT on October 8, 2008. + + As discussed above, due to our concerns about potentially abusive “naked” short selling in certain non-threshold securities, we recently issued the July Emergency Order to temporarily impose enhanced requirements on short sales in the Appendix A Securities. Following our issuance of the July Emergency Order, we issued the Short Sale Ban Emergency Order in which we took the additional step of prohibiting short selling in the securities of a wider range of financial institutions than those subject to the July Emergency Order. In addition, we issued the September Emergency Order which, in part, imposed enhanced delivery requirements for transactions in all equity securities and made effective immediately a “naked” short selling antifraud rule. **We took these emergency actions because we were concerned about panic selling in securities due to a loss of confidence that could be further exacerbated by “naked” short selling.** + + In addition, we are concerned about the negative effect that fails to deliver and potentially abusive “naked” short selling may have on the market and the broader economy, including on investor confidence. **Temporary Rule 204T addresses these concerns by requiring a participant to immediately close out a fail to deliver position by purchasing or borrowing securities by no later than the beginning of regular trading hours on the Close-Out Date** + +&#x200B; + + If a participant does not purchase or borrow shares, as applicable, to close out a fail to deliver position in accordance with temporary Rule 204T, the participant violates the close-out requirement of the temporary rule. In addition, the temporary rule imposes on the participant for its own trades and on all broker-dealers from which that participant receives trades for clearance and settlement (including introducing and executing brokers), **a requirement to borrow or arrange to borrow securities prior to accepting or effecting further short sales in that security.** + + Specifically, temporary Rule 204T(b) provides that the participant and any broker or dealer from which it receives trades for clearance and settlement, including any market maker that is otherwise entitled to rely on the exception provided in Rule 203(b)(2)(iii) of Regulation SHO,71 **may not accept a short sale order** in an equity security from another person, or effect a short sale order in such equity security for its own account, to the extent that the broker or dealer submits its short sales to that participant for clearance and settlement, without first borrowing the security, or entering into a bona-fide arrangement to borrow the security, **until the participant closes out the fail to deliver position** by purchasing securities of like kind and quantity and that purchase has cleared and settled at a registered clearing agency.72 + + 78 See 17 CFR 203(b)(3)(vii) (discussing bona fide purchases for purposes of Regulation SHO). It is possible under Regulation SHO that a close out by a participant of a registered clearing agency may result in a fail to deliver position at another participant if the counterparty from which the participant purchases securities fails to deliver. However, **Regulation SHO prohibits a participant of a registered clearing agency, or a broker-dealer for which it clears transactions, from engaging in “sham close outs” by entering into an arrangement with a counterparty to purchase securities for purposes of closing out a fail to deliver position and the purchaser knows or has reason to know that the counterparty will not deliver the securities, and which thus creates another fail to deliver position**. See id. at (b)(3)(vii); 2004 Regulation SHO Adopting Release, 69 FR at 48018 n.96. In addition, ***we note that borrowing securities, or otherwise entering into an arrangement with another person to create the appearance of a purchase would not satisfy the close-out requirement of Regulation SHO. For example, the purchase of paired positions of stock and options that are designed to create the appearance of a bona fide purchase of securities but that are nothing more than a temporary stock lending arrangement would not satisfy Regulation SHO’s close-out requirement.*** + +&#x200B; + +# In addition, we seek comment on the following + + The temporary rule requires participants to immediately close out a fail to deliver position by no later than the beginning of regular trading hours on the Close-Out Date. S**hould we narrow the close-out requirement further?** S**hould we allow** a longer or **shorter period of time within which to close out a fail to deliver position?** What would be the justifications for allowing a shorter or longer close-out period? + + **Should we permit participants to close out a fail to deliver position for long sale transactions by borrowing as well as purchasing securities**? Please explain. + + The temporary rule allows a participant to close out a fail to deliver position attributable to bona fide market making activity by a registered market maker, options market maker, or other market maker obligated to quote in the over-the-counter market by purchasing securities of like kind and quantity by no later than the beginning of regular trading hours on the third settlement day after the settlement date. **Should this close-out period be a shorter or longer time-frame?** Please explain. + + An arrangement to borrow means a bona fide agreement to borrow the security such that the security being borrowed is set aside at the time of the arrangement solely for the person requesting the security. **Should we define “arrangement to borrow” as requiring a contract between the broker-dealer and the lending source?** + + Should temporary Rule 204T(b) require that participants and broker-dealers from which participants receive trades for clearance and settlement borrow securities prior to effecting further short sales, rather than allowing for either an arrangement to borrow or a borrow? If a fail to deliver position has not been closed out in accordance with temporary Rule 204T, **should we prohibit the participant, and any broker-dealer from which it receives trades for clearance and settlement, from effecting any further short sales until the fail to deliver position has been closed out?** + + The temporary rule imposes a close-out requirement on fails to deliver for all equity securities. Due to this hard delivery requirement **is it necessary to retain the “locate” requirement of Regulation SHO for short sales?** What are the benefits of continuing to require that broker-dealers have a **reasonable grounds to believe that a security can be borrowed** so that it can be delivered by settlement date if a participant is required to immediately close out a fail to deliver position by no later than the beginning of regular trading hours on the Close-Out Date? + +&#x200B; + +\-------- + +Tldr; SEC can issue an emergency order. First order aimed to stop all FTD's by reducing the cycle to three days, and to prevent continued short selling if you had outstanding FTD's. The second order straight up banned short selling. They then put out a series of highly directed questions to get feedback on how to best target those responsible for the abusive naked short selling. + +&#x200B; + +Get your ass into top gear Gary. You know it's happening. You know how to stop it. There is a precedent. + +https://preview.redd.it/qw9zgckod2i71.png?width=1916&format=png&auto=webp&s=03a9dc2cb675d1ef8636a39ee38c3d4a11d06a1c +I used to like this sub because it let me know that there are other people fighting to raise themselves up, just like me. You could find tips on all sorts of subjects and generally helpful posts. But the second someone posts something about how to save money and dig yourself out, everyone seems to lose it. I get that not everyone can save money, but the point is for you to eventually work your way to a point where you can. I am one of those people. There was a time where my wife and I only ate because we both worked at McDonald's. All the food we bought for the house was for the kids. There was no money left. We could barely pay rent. So we both started working towards goals of moving up and out. My wife made it out first. She went from the grill girl to being the area supervisor of 4 different stores. Took 9 years, but it happened. I'm now comfortable in a grocery manager position that pays $17.50 hr. I guess what I'm saying is that nobody should paint themselves into a corner and accept defeat. I'm a high school dropout with no formal education, and my wife has done things even I didn't realize were possible to move up. I took a fuck ton of work, and 11 years altogether, but its slowly paying off. Don't knock someone for having high goals and making it happen, just be there for each other and support others. This sub gave me lots of encouragement many times, but I just hate to see all the negative energy being put out. Thanks for coming to my TED Talk. + +Edit: I just came home from work and had no idea how much this would blow up. Didn't mean to start a war. I get that there are truly some unavoidable situations such as deaths and disasters and disabilities that will truly fuck you over. In those cases it's almost impossible to make it without help. But for anyone who doesn't fall into that category, I personally feel that if you truly put forth real effort to make positive change, you can make your life better. And for those complaining that I'm generalizing, yes i am. There are a lot of good and helpful posts and comments. In fact, they're the majority. But don't rain on someone's parade because you're pissed about your situation. It's totally cool to even make a post to vent those frustrations out to the world. Get it off your chest. Everyone needs to at some point. But you can also take that same energy after you've vented and put it to work for you. Make a positive change. You're going to fail at many points. Its inevitable. But eventually you will find your way out. Stay positive. + +Final edit: since it has been pointed out that I have not given enough actual advice, message me if you want to. I truly don't mind helping if I can. And on the off chance you live in the Amherst, VA area, I'm looking for grocery stockers to hire. Just putting it out there just in case. +https://www.nytimes.com/2022/05/18/business/melvin-capital-gamestop-short.html + +Melvin Capital, the hedge fund run by Gabe Plotkin that struggled with heavy losses last year as it reeled from wrong-way bets on GameStop, is shutting down, according to a letter sent to investors on Wednesday that was reviewed by The New York Times. Mr. Plotkin wrote to his investors that he had decided that the “appropriate next step” was to liquidate the fund’s assets and return cash to all investors. Mr. Plotkin, who founded Melvin in 2014, also wrote that he recognized he needed to “step away from managing external capital.” + +Mr. Plotkin, a protégé of the hedge fund billionaire and New York Mets owner Steven A. Cohen, had wagered that shares GameStop, AMC Entertainment and other mall mainstays from the 1990s would fall as their businesses shrank. Instead, the stocks skyrocketed when amateur investors, coordinating via Reddit, Twitter and other social media sites and determined to outsmart big Wall Street funds, kept buying up shares and propping up their price. That caused Melvin, which had $8 billion in assets under management in January 2021, to lose billions of dollars as it scrambled to cover its so-called short positions. It was propped up by a $2.75 billion bailout from the hedge funds Point72, run by Mr. Cohen, and Citadel, as well as fresh capital from new investors. Before deciding to shutter his fund, Mr. Plotkin had considered reconstituting it. The decision to close Melvin, which Mr. Plotkin named after his late grandfather, is a blow to Mr. Plotkin’s reputation. He had gained fame as one of the most successful portfolio managers to emerge from Mr. Cohen’s former hedge fund, SAC Capital. +I (M32) would like to marry my gf (F33) someday soon. + +I have weekly deductions to savings and an active 401k I started 10 years ago. I have student loans and personal bills that get paid every month. I’m financially sound. + +I just found out that my gf, who still lives elsewhere, has no long term savings plans or 401k. She has a full time salaried job. After a brief conversation, she says she’s not concerned about this type of “stuff” right now. + +I honestly don’t know how to tackle this or have future discussions with her. When is the right time to talk about this with her? And how to I tell her that it’s important to start planning now? +Let's get one thing out, I was brought up a spoilt brat. I could get watever I wanted, no questions asked. In my late teens I was given a large amount of money, which was put in a bank account, and have been living off of that since (~10years). It made me very careless with money. As a result, I've picked up a certain hobbies and lifestyle. + +Earlier this year I realised that I've almost burnt through the account. Started applying for jobs, but because I dont have any previous work experience, or qualifications, the only thing I could get was a position that pays $50k a year. After getting paid i realised that the account is still getting smaller. Looking through the account, found out that on average im spending just over $10k a month, while barely earning $4k. + +I have no idea what to do, how to bring down the costs, how to get a job that pays well. + +I realise that I've been spoilt, careless, and snobby. How do I fix it +I invest in equity with my mother’s account. She is a homemaker and does not come under any tax bracket. Would she have to pay LTCG/STCG upon selling of equity/mutual funds even though considering the gains of 1 year she doesn’t come under any tax bracket ? Highly appreciate an answer from someone having experienced the same. +"Microsoft said the closing of its physical locations will “result in a pre-tax charge of approximately $450 million, or $0.05 per share,” which it will record in the current quarter that ends June 30." + +https://www.cnbc.com/2020/06/26/microsoft-to-close-retail-stores.html +Canada should loosen travel restrictions and “enable us to do some reasonable amounts of business,” the head of Air Canada said. + +Chief Executive Officer Calin Rovinescu said the Canadian government’s rules on travelers are now “disproportionate” as the COVID-19 pandemic eases in many regions. + +Most international flights have been canceled and the U.S.-Canada border has been shut to all but essential travel since March 21. That could be extended past the planned June 21 expiry, the CBC and Reuters reported this week. + +Prime Minister Justin Trudeau’s government has enacted a mandatory 14-day quarantine on anyone returning to the country, even if they have no symptoms. Some provinces have even barred entry by Canadians living in other provinces. + +“These emergency measures need to be introduced with a certain sense of proportionality,” Rovinescu said Thursday on a webcast with Aviation Week. + +The growth in COVID-19 cases and deaths has slowed in most of Canada and provinces have lifted many pandemic restrictions on businesses. Canada is closing in on 100,000 cases with almost 8,000 deaths. + +Transport Minister Marc Garneau’s office did not immediately respond to a request for comment. + +Years to Recovery + +Airlines are pushing back after months of limitations on travel. A move by the U.K. government to force a quarantine rule on incoming travelers sparked an uproar, with carriers including British Airways parent IAG SA saying they’ll mount a legal challenge. + +Air Canada has cut 20,000 jobs and said it does not see a return to 2019 levels of revenue and capacity for at least three years -- an outlook Rovinescu reiterated on Thursday. To weather the storm, it has raised new equity and debt and expanded cargo services, but it has not tapped into an emergency loan program from Ottawa. + +The airline said last month it expects capacity in the third quarter to be 75 per cent lower than in the same period last year. Bookings reached a bottom in April and the first two weeks of May and have been improving since then, Rovinescu said Thursday. + +The company’s shares were down 9.4 per cent to $17.67 at 12:20 p.m. in Toronto as global markets tumbled on concerns about a second wave of the pandemic, bringing their decline to about 63 per cent this year. + +In response to a comment that the border restrictions have worked out reasonably well, Rovinescu said: “I can tell you one thing. It did not work OK for the 20,000 people who have been laid off.” + +https://www.bnnbloomberg.ca/let-us-fly-again-air-canada-ceo-pleads-to-trudeau-s-government-1.1449078 +This opportunity ends by the end of October, however I have never invested in I bonds before. Is it a wise play to put a $K in? What would that look like if I sold at the end of next year? Or would continuing to place money in the stock market be the wiser choice during this period in time? + +Asking because of how little I understand bonds. + +Rock on! + +[https://www.cnbc.com/2022/05/02/i-bonds-to-deliver-a-record-9point62percent-interest-for-the-next-six-months.html](https://www.cnbc.com/2022/05/02/i-bonds-to-deliver-a-record-9point62percent-interest-for-the-next-six-months.html) +Looks like the Government bans on Chinese Tech will continue! Very good sign for the future of the Drone industry for US based companies considering how DJI dominated for years and many of those fleets have already been grounded and will have to be replaced. Should produce some pretty rapid growth! Anyone who is not investing in a US based drone company should be considering Government is 70% of the drone market in the US currently! There is going to be a lot of government customers looking for a US based source for all different types of drones! + +[https://www.wsj.com/articles/u-s-to-impose-sweeping-rule-aimed-at-china-technology-threats-11614362435](https://www.wsj.com/articles/u-s-to-impose-sweeping-rule-aimed-at-china-technology-threats-11614362435) +I've always liked cars, particularly European ones. But I can never justify the cost. In the last few years my partner and I have been fortunate with work, and our combined income is nearly 200k. Medium mortgage, no kids. We still don't feel like we're in a position to afford a new X5 or even a Prado. I started looking at car prices more recently and was shocked to find a new land cruiser starts at around 160k. + +Yesterday, I saw a 400k Merc SUV out the front of my local coffee shop. 150k+ suvs are common in my area, where the house price ranges from 600k-1M. + +What kind of wage do you need to support these kinds of vehicles? Is it mostly people without mortgages? Are 500k household incomes common? + +As a disclaimer, I recognise we are incredibly fortunate and earn well above the average household income. I'm not ungrateful, just curious. +We are all investing. And most of us are buying ETFs from 2 companies, Vanguard and Blackrock (iShares ETFs). + +So they’re buying companies with our €€ to add more assets to the ETFs they’re managing. That gives them all the voting rights and they pretty much can do whatever they want in each company. + +They basically own all the companies by now. You can see that by going to any company and see who are the top shareholders. + +Just a thought, where are we headed.. +In their most recent advanced notice filing with the SEC, the NSCC directly addressed the "idiosyncratic risk" associated with GME and how they plan to alter their Gap Risk Measure to more accurately get funds from members to prevent a contagion/spillover effect in the event of a rapid and massive change in the price of certain idiosyncratic securities.  + +This is the link to the new filings for proposed rule changes to the SEC: [https://www.sec.gov/rules/sro/nscc.htm#SR-NSCC-2022-015](https://www.sec.gov/rules/sro/nscc.htm#SR-NSCC-2022-015) + +Pdf download of NSCC submission 34-96511: [https://www.sec.gov/rules/sro/nscc/2022/34-96511.pdf](https://www.sec.gov/rules/sro/nscc/2022/34-96511.pdf) + +A certain Dismal Jellyfish of our already covered this submission in detail, but this one quote really stood out to me: + +>Recent extreme market events, including both the impacts of the COVID-19 pandemic and volatility caused by social media sentiments (referred to as the “meme stock events”), have led NSCC to reconsider the causes and characteristics of idiosyncratic risks that the Gap Risk Measure was designed to mitigate. More specifically, these events have indicated that price changes due to gap risk events seem to occur more frequently and in higher severity; and may not be isolated to issuer events but driven by new mechanisms that drive concurrent market price moves involving unconventionally correlated securities. + + +So not only is the NSCC admitting the "meme stock basket" theory (unconventionally correlated securities), they are saying that the cause of the price movements are divorced from anything to do with the companies themselves. Isn't this a MASSIVE red flag that the market is fraudulent and not providing proper price discovery?  + +And all they are doing is making sure they can more accurately and frequently access funds to mitigate the risk of massive price swings (MOASS soon anyone?) due to these forces? It shows time and time again that the goal is not to protect retail investors, companies, or even the integrity of the market but rather to protect themselves from crumbling. + +Edit: many people are saying this is just them blaming redditors, which it largely is. But I will post one of my comments below stating why I think them even mentioning it in this manner is important: + +>It's clear that they are trying to pin this on retail investors, and though the language is ambiguous it could be interpreted that way for sure. But even if they are trying to use legalese to say redditors are to blame, this is them admitting that the stocks are moving together, completely outside of company Financials. So they are describing the trend that we have observed as well, but are blaming social media movements, whereas the social media movement is blaming the complicit regulators, the bad actors, and the corrupt ecosystem itself. Two sides of the same coin. If anyone is ever held accountable at the NSCC, this quote could be used to show that they had knowledge of the trend, and it would be easy in discovery to show that there was no retail driven volume in the correlated securities to drive the correlation in the first place (ie. The price movement correlation must come from another source aside from retail traders.) So maybeyz basket swaps? +Hey all, I was playing around with some financial projections and thought it would be cool to share some numbers. + +Out of curiosity, I wanted to see what would happen if you max out all the more commonly available retirement accounts (401k, Traditional/Roth IRA, HSA) into the standard retirement age of 65. + +For the sake of simplicity, I've made the following assumptions: + +* Using contribution limits from 2022 +* Annual real rate of return of 8% +* Maximum employer 401(k) match of $10,000 +* Begin maxing out contributions from Age 23 + +Firstly, here's how much you would need to contribute to max out your 401(k), Traditional/Roth IRA, and HSA. + +**Annual Contributions** + +| | Age 23 | Age 50 | Age 55 | +|--------------------------------|---------:|---------:|---------:| +| 401(k) Pre-Tax Contributions | $ 20,500 | $ 27,000 | $ 27,000 | +| 401(k) Employer Contributions | $ 10,000 | $ 10,000 | $ 10,000 | +| After-Tax 401(k) Contributions | $ 30,500 | $ 30,500 | $ 30,500 | +| Traditional IRA Contributions | $ 6,000 | $ 7,000 | $ 7,000 | +| HSA Contributions | $ 3,650 | $ 3,650 | $ 4,650 | +| **Total Contributions** | $ 70,650 | $ 78,150 | $ 79,150 | + +I've included 401(k) After-Tax contributions and Traditional IRA contributions for the purposes of the Mega-Backdoor Roth IRA and Backdoor Roth IRA strategies. Thus, the money from these contributions would actually end up in your Roth IRA. + +At age 50, your Pre-Tax 401(k) contribution limit will increase from $20,500 to $27,000, and your Traditional IRA contribution limit will increase from $6,000 to $7,000. At age 55, you’ll be able to increase your HSA contributions from $3,650 to $4,650. + +Assuming you have access to the Backdoor and Mega-Backdoor options (and that the government doesn't get rid of them), here's what your accounts would look like over time. + +**Account(s) over time** + +| | Age 23 | Age 40 | Age 60 | Age 65 | +|----------|---------:|------------:|-------------:|-------------:| +| 401(k) | $ 30,500 | $ 1,142,232 | $ 6,827,832 | $ 10,249,390 | +| Roth IRA | $ 36,500 | $ 1,366,934 | $ 8,058,177 | $ 12,060,104 | +| HSA | $ 3,650 | $ 136,693 | $ 811,489 | $ 1,219,623 | +| **Total** | $ 70,650 | $ 2,645,860 | $ 15,697,499 | $ 23,529,117 | + +Pretty incredible stuff. In the span of ~20 years, your accounts will total over $2.5m, which corresponds with a $100,000 withdrawal each year at a 4% SWR. Once they've had the chance to grow for over 40 years, your accounts are well in the tens of millions. If you chose to retire at the standard age of 65, you would certainly be ready to go fuck yourself. + +Since the Mega-Backdoor option is likely to disappear in the near future, here are some additional projections I threw together to cover various scenarios. I just bundled the Roth IRA and Traditional IRA together for simplicity. + +--- + +Maxing Traditional / Roth IRA only + +**Account(s) over time** + +| | Age 23 | Age 40 | Age 60 | Age 65 | +|-----------|-------------:|---------------:|-----------------:|-----------------:| +| Traditional / Roth IRA | $ 6,000 | $ 224,701 | $ 1,338,541 | $ 2,007,822 | +| **Total** | $ 6,000 | $ 224,701 | $ 1,338,541 | $ 2,007,822 | + +--- + +Maxing Traditional / Roth IRA and 401(k) +(excluding mega-backdoor contributions) + +**Account(s) over time** + +| Age | 23 | 40 | 60 | 65 | +|-----------|--------------:|-----------------:|-----------------:|------------------:| +| 401(k) | $ 30,500 | $ 1,142,232 | $ 6,827,832 | $ 10,249,390 | +| Traditional / Roth IRA | $ 6,000 | $ 224,701 | $ 1,338,541 | $ 2,007,822 | +| **Total** | $ 36,500 | $ 1,366,934 | $ 8,166,373 | $ 12,257,212 | + +--- + +Maxing Traditional / Roth IRA, 401(k), and HSA +(excluding mega-backdoor contributions) + +**Account(s) over time** + +| | Age 23 | Age 40 | Age 60 | Age 65 | +|-----------|-----------:|--------------:|--------------:|---------------:| +| 401(k) | $ 30,500 | $ 1,142,232 | $ 6,827,832 | $ 10,249,390 | +| Traditional / Roth IRA | $ 6,000 | $ 224,701 | $ 1,338,541 | $ 2,007,822 | +| HSA | $ 3,650 | $ 136,693 | $ 811,489 | $ 1,219,623 | +| **Total** | $ 40,150 | $ 1,503,627 | $ 8,977,862 | $ 13,476,835 | + +**EDIT** + +Wow didn't expect such a reception. Lots of good points made in the comments about how my assumptions are overly optimistic for the average person. Here are some hopefully more realistic projections using the following assumptions: + +* Using contribution limits from 2022 +* Annual real rate of return of **7%** +* Maximum employer 401(k) match of **$5,000** +* Begin maxing out contributions from **Age 30** + +**Account(s) over time** + +| | Age 30 | Age 40 | Age 60 | Age 65 | +|-----------------------------|------------|-------------|---------------|---------------| +| | | | | | +| 401k | $ 25,500 | $ 402,482 | $ 2,705,456 | $ 3,978,566 | +| Roth IRA | $ 6,000 | $ 94,702 | $ 628,222 | $ 921,369 | +| Total | $ 31,500 | $ 497,183 | $ 3,333,678 | $ 4,899,934 | + +**EDIT 2** + +Lots of people saying it's unrealistic to save $60,000+ a year at age 23, so I decided to run some numbers. + +Conclusion: I do think it's possible if you're highly skilled and willing to live extremely frugally. + +I pulled salary data from levels.fyi, which has a pretty reliable breakdown of salary data at top tech companies. The average total compensation for entry-level software engineers at top tech companies (Google, FB, Microsoft, etc.) is over $170,000 per year. + +Deduct the pretax contributions (401k, HSA) of $20,500 + $3,650 = $24,150, and you're left with $145,850 of taxable income. + +Plugging it into an income tax calculator assuming you live in a state like California, you end up having to pay $36,981 in taxes. This leaves you with $145,850 - $36,981 = $108,869 of after-tax income. + +Then, after contributing $30,500 + $6,000 = $36,500 to your after-tax accounts (after-tax 401k, Traditional IRA), you're left with $108,869 - $36,500 = $72,369 of leftover income. Perfectly livable amount of income to be honest, if a little frugal given the HCOL in California. + +So this scenario is actually surprisingly feasible for a fresh CS graduate from a top university, who ends up at a top tech company. Of course, I recognize this is in the very very small minority of people, but I'd wager a decent amount of them are on this sub. + +Also, for those curious, my initial 401k match estimate came from searching up policies at big tech companies. + +* Google offers a 50% match on the employee’s contribution up to $19,000, to a max of $9,500 per year. +* Facebook offers a 50% match of 7% of your salary and bonuses, up to a max of $10,250 per year. +No clue why my two bozos got up to but late last night my two dogs come in and one is limping and can hardly put weight on his back leg. + +He had to be knocked out for x-rays and I spent about an hour today thinking he probably tore his ACL and needed fairly expensive surgery. + +Knowing I could just write the check and not have to worry about anything but getting him well was a good feeling. + +Thankfully it is just a really bad injury to the knee where he stretched out two ligaments but did not tear it. He's going to be fairly grumpy to be on very restricted activity the next 3 weeks but he'll be ok. + +&#x200B; + +Edit Re: Pet insurance. + +I figure a % of my emergency fund is for them. + +When you adopt not-puppies the cost goes up. With 3 older dogs the per month cost is kind of crazy. + +I figure I self insure. Even with my last pup who was definitely a frequent flyer I still came out ahead when I looked at expenses vs premiums. + +Maybe if I ever had a puppy and could lock in those low rates? Yeah, but I'm never going the puppy route again so... +basically, i'm one of like 10 people in the family who was given this stock and it looks like I was given the least amount of anyone, but i'll take it. So, i'm wondering if I should keep it or just sell and dump into my VOO fund. IBM grew almost 1000% since the mid 90s, but does the stock have any room to grow? Its late to the game in cloud, but it does have a tight grip on the mainframe market because the government and many other companies will not give up their mainframes. +After nearly a year of being out of full time work, and 9 months of being completely unemployed, I was offered a FULL TIME JOB WITH BENEFITS today doing what I went to school for at a university hospital! 2020 was really \*really\* hard for me. I lost my job, left my fiance, and lived alone for the first time ever at 25. I had to ask for money from my parents, who I already had a difficult relationship with, and relied on the help of friends and family to feed myself and my cats this past month, when my savings ran dry. I didn't negotiate my salary like I should have, but I was just so grateful and stunned that I wasn't thinking. It's okay, because anything is more than the $700/month I was getting in unemployment benefits. This job will put me over the poverty line for the first time in my life, and I am ecstatic. I can begin to pay off my student loans, destroy my credit card debt, and start investing in my future. I am so excited and relieved and wanted to share this with people who understand what a big deal this is for me. +So, this week, we saw the start of the total collapse of the modern financial system and the end of the Bretton Woods era of international monetary policy. + +Bold claim, yeah baby? You're probably thinking this has to do with the war in Ukraine or something, right? Well, it does a little bit, but mostly it has to do with what happened with RSX and LME this week, and a little bit with what happened with Rivian. + +**TLDR: Wall Street, China, and Russia are all broke and shit is going to get real over the next few months. Or, to put it another way, some dude named Noah moved next door and started building a boat in his backyard, and you're just beginning to feel some raindrops.** + +Let's start with the biggest shitshow out there, the London Metals Exchange, or LME. A fair number of people are comparing what happened with LME and Nickel to what happened when Apex Clearing turned off the buy button for the meme stocks back in January of 2021. And yes, I meant Apex Clearinghouse, not Robinhood you twits, Apex made RH do it, and a dozen other brokers as well. Vlad was just a fall guy, and not the cool kind that was on TV back in the '80s. + +What the LME did can be split into two parts: + +1. they had a massive short squeeze that was fucking up prices, amplified by uncertainty from the war in Ukraine, so they completely halted trading. This is entirely normal. It's happened dozens of times in the 144 years they've been open. Complete trading halts occur in all exchanges whenever shit starts getting fucked up. For example, US markets were shut down for a week after 9/11. +2. they fucking canceled 12 hours worth of completed trades. This is the part that should get your knickers in a twist if you were actually wearing any. + +Now, I know a lot of you are sitting there feeling smart thinking "I know why they did it! They're criminals and stealing!" Well, you're right, but that's NOT why they canceled 12 hours of completed trades, just like Apex didn't turn off the meme buy button because they woke up and decided they really needed to use their broker apps to get their fuck on with retail in a big 'ol gang bang. + +No, they did this for one reason and one reason only: survival. They were dead. LME let the Nickel market get so fucked up that they not only had to stop transactions, or unwind a couple at the end, they had to unwind 12 fucking hours worth of trading. I mean, these people are so goddamned incompetent that they didn't even realize they'd been shot in the head, skinned, and turned into a fucking rug for two whole shifts at Wendy's! + +Understand, they just set 144 years of skimming trades on fire. It's not little guys buying FDs on the LME, it's big boys and industrial giants. They all have lawyers and elected officials on retainer, and all of those clients are as done and gone as your made up Canadian girlfriend from grade school. + +I can't decide if the best part of all this is the cover story they put out, or how many dumbfucks didn't take three seconds to realize its bullshit. The idea that Xiang Guangda just said "I don't want to pay the margin call" and then the LME was like, "ok, well, I guess that sucks to be us, guess we'll just pour all this gasoline on ourselves and play with matches" is so laughable I just got a hernia from ROFLing so hard. Look, because I know you 'tards are all stuck on the shortbus trying to figure out what I'm talking about, I'll just drive ya'll on over to the explanation: + +Tsingshan (the company Xiang owns that has the short position) isn't some kind of nickel producer like the papers are saying. They make steel. They're the second largest (largest by revenue) steel making company in China. You know what that steel is used for? Construction. Know who hasn't had enough money to make a bond payment in over six months now? Every goddamned construction company and developer in China. What, you think they're paying their fucking materials bills? + +Here's a quote from the South China Morning Post attributed to Xiang: + +*“Foreigners have some activities going on \[against Tsingshan’s position,\] we are actively coordinating \[to tackle the problem\],” China Business News cited Xiang as saying in a report late on Tuesday. “We have received a lot of phone calls today – related government departments and leaders are very supportive to us. Tsingshan’s position, operation and management has no problems.”* + +Again, because I know you can't read, here's a translation of that quote into a picture. + +&#x200B; + +https://preview.redd.it/vuz2yzdu31n81.jpg?width=1366&format=pjpg&auto=webp&s=ae73a99e54aecf81b48364dea440c451de038d17 + +I specifically said there are no problems, so it's all okay! + +Now, why is it such a huge problem that Xiang has no money? Well, if he can't make the margin call, the short position, much like a politician or anyone who's daddy donated a library to get them into Harvard, fails upwards. First it goes up to Xiang's bank, which is also fucking broke. Then it moves onto the LME itself, which again, doesn't have the fucking money. So what does the LME do? Same thing the mobsters in Goodfellas did when the restaurant was too broke to steal from anymore, they set everything on fire. The reason the LME hasn't opened back up yet is because the short position is still there, and nobody who's responsible for that position has the money to cover it. + +Now, you might think, if you were smart instead of so dumb you went to Bangkok to get a TIE Fighter, why does this Xiang guy have such a large naked short position he can't cover? The answer is simplicity itself - he's broke, so he naked shorted his own shit to get paid, then got fucked when it went sideways. I mean, people here on reddit like to call themselves reckless degenerates, but lemme give you a full "trust me bro" on this one, ya'll ain't got shit on the stupid rich fucks that run the world. + +That's part one. What about part 2, RSX? Well, as many people who lost money Friday can attest, some serious, serious fucking of Put options occurred. Van Eck started to liquidate the RSX fund, but they didn't *say* they were liquidating it, so options couldn't settle as cash value. But they ALSO halted trading of the ETF, so options couldn't be traded either. And as a final piece of fuck you brokers weren't letting people borrow shares to even fucking exercise the put option themselves. Wild yeah? (someone else wrote a very good DD on this exact thing this morning, I highly recommend you go read it - no link because automod hates me every time I put a link in my posts) + +This is example number two of someone burning down the restaurant because they couldn't steal from it anymore. Whatever MM sold those options didn't have enough to cover them, so this shit with Van Eck not stating the fund was liquidating happened. + +That's strike two for all the market makers and exchanges being fucking broker than you when you've gotta go behind the Taco Bell because Wendy's is too high class for your ass. Let's see if we can a third K to finish them off. + +I give you Rivian, ticker RIVN, a truly shitty EV manufacturer, that like most of them can't actually make cars. These guys are such a clown show that they tried to raise the prices on the pre-orders from the people who waited years to get one. So they had earnings on 3/10, and it was just about as big of a disaster as you'd expect. Then, after hours, they dropped $6 bucks on nearly a million in volume. Everyone who bought puts printed, right? Nope. The next day in pre-market, on less than a third of that volume, the price magically shot back up $5.5 bucks, completely wiping out everyone's puts. By EOD the price had only dropped a total of $3 bucks from Thursday's close, and wouldn't you know it, the price of an ATM put option bought EOD on 3/10 was more than $3. I'd recommend taking a look at the volume numbers and corresponding price movement of RIVN throughout the day on 3/11 and drawing your own conclusions. + +This is like the, what, hundredth and a half time we've seen this exact thing play out now? It's not an accident. More money is traded every day in the market on options than stocks themselves. When the PFOF brokers that retail uses publicly refer to the MMs as "our clients", you know the fix is in. What makes the RIVN bit so interesting is a) how obvious it is, and b) that they're doing this while under DOJ investigation for this exact fucking thing. That tells me two things, 1) they don't think they'll actually be prosecuted - which, fair, they've got a whole lot of history on their side for this one, and 2) they don't have a choice 'cause they're running out of money. + +And why, you may ask are they out of money? Well, it's a mix of things. 1) all the attention from Reddit and the media and law enforcement has clients pulling money from Hedge Funds, leading to sell offs, which when you're leveraged at 137x, leads to a rapid collapse in your buying power. 2) Russian assets aren't just in freefall anymore, they've hit the ground and started drilling for oil. 3) remember where I was talking about China earlier? Yeah, their shit is worth even less than the Russian stuff, but thanks to Xi's brilliant leadership plan, people haven't realized that yet. Below, I have obtained exclusive photo evidence from some of my old SF buddies of Xi and his top councilor enacting their plan to save China's economy. + +&#x200B; + +https://preview.redd.it/di6pv7rv31n81.jpg?width=444&format=pjpg&auto=webp&s=a47798803b9b0d90c0e1ee5d1ac98b00f9dc9aa1 + +If we can't see the lines go down, then are they really dropping? + +As always, the official info coming out of China is a mix of fantasy, lies, and flat out ignorance, spiced up by a heaping helping of corrupt incompetence. Because Xi is a tinpot wannabe dictator with delusions of Imperial grandeur, he wanted to make sure that while he was hosting the Olympics everything went off without a hitch, so he told all the companies and rich people in China to make like autists and buy the fucking dip in the equities and bond markets. + +Because all those folks didn't want to get executed by anti-aircraft guns while their families went to the organ donor farms, they did. Which in this case, means throwing good money after very very very bad money. It's honestly difficult to describe just how badly China has sabotaged itself. I'm sure you all know by now about the ghost cities made up of structurally unsound buildings with no interiors, and in some cases no exterior walls. But, do you also know about all the railways to nowhere that aren't being serviced or maintained? Do you also know how many MORE shitty tofu-dreg buildings have been paid for by citizens' life savings that aren't yet built? Spoiler, it's a lot. + +Meanwhile, the property market in China is in free fall. Here's a chart of official chinese statistics on the price of housing. + +&#x200B; + +https://preview.redd.it/es47b4lw31n81.png?width=730&format=png&auto=webp&s=cbec2acc7cb3bd30d8620838dc53f0dbbe95d15f + +Taken directly from the National Bureau of Statistics of China + +Now, these prices all reflect worthless tofu-dreg empty apartments that exist only to sell to the next sucker/investor. Notice that trend line? Anyone know what happens when that price increase gets closer to zero? As our friend Lelu from the 5th Element would say "Big bada boom!". For another reference, look at the Dutch tulip market after it popped. Remember, these are the official Chinese govt numbers. I'm guessing the actual numbers have gone negative already. + +Western banks, particularly up in Canada, are extremely exposed to the bonds these empty shell apartments are backing. Western banks, again particularly up in Canada, are also heavily exposed to the commercial and residential real estate markets. Both of which are in massive fucking bubbles funded in large part by money from Wall Street, Russia, and China. Guess which of those are now broke (hint: it's all three of them). CMBS notes started going bad this month - there's a reason all the politicians all of a sudden decided we needed to be back in the office, and the mortgage missed payment rate is skyrocketing faster than the price of oil. I have not yet been able to figure out if the spike in missed mortgage payments is banks/wall street failing to pay on all the properties they've accumulated, if it's all the missing repossessions from the pandemic finally showing up, or if it's a leading indicator of a new crisis. + +I don't know how much longer the powers-that-be can keep these balls in the air, but it's not much longer. Assuming Russia follows their playbook from the disaster they had in Grozny in '94/'95, we're about to see the major cities in Ukraine get leveled by heavy artillery and rocket attacks. Which means you can pretty much kiss the Ukrainian wheat harvest goodbye, because all the infrastructure needed to support it will be rubble, along with the roads and bridges you'd need to get it out of the country. Couple that with what looks to be bad wheat harvests in the US and China barring some big weather pattern shifts, and we're going to see some massive price spikes in the price of bread and other food this summer. Expensive food = political instability and riots. + +The US will see a fresh round of "race riots" sparked by random online videos that are really about inflation and economic inequality, but the media and politicians will go full hog on the race angle, and people will buy it - if you need proof the general population is that gullible, look at how many think the Ukraine war is responsible for inflation and gas prices. South Africa and Turkey, plus an unknown number of Middle Eastern countries will see Syrian civil war/Arab Spring type uprisings - remember, the Tunisian revolt started as a protest about the price of bread. + +Finally, since this is already way, way, way too long for any of you to actually read through, much less comprehend, I'll cut the part about Bretton Woods and the dollar as the international currency super short - there used to be one global financial system that was set up after WWII in a conference at Bretton Woods, hence the name. By kicking Russia out of it, we forced the creation of a competing global economic system. Which will likely be headed by China. That pretty much guarantees another world war down the road, but hopefully not for a decade or two if we're really lucky. + +If I had the money to do so, I'd also buy farmland with wind turbines and/or solar on it. Real assets are about to be king, especially food and energy, which are the definition of real assets with inelastic demand. Oh, and I also just bought a Lincoln, because in addition to chips, the automakers are about to be short on metals too, and somehow a car counts as a fucking growth investment these days. + +I'll be honest, the vast majority of my portfolio - over 90%, is in direct registered shares of GME, with a couple shares of popcorn because fuck 'em, that's why. I think at least a couple of brokers are going to detonate like we're seeing with the LME and fuckery like what happened with RSX will become more regular. Whenever I have a big gain in my other positions, I pull most of it out and buy more GME shares and then DRS them. + +That IS financial advice by the way, but you probably shouldn't follow it. + +CS 10XXXX +Pls + +http://www.marketwatch.com/story/this-trader-bets-it-all-on-apple-getting-crushed-after-earnings-2017-01-30 + +http://i.imgur.com/9hWYLOv.jpg + +https://gfycat.com/SizzlingLivelyHarborporpoise + +When Canadian autism hits critical mass. +https://youtu.be/OgZUvESyxbU?t=39s + + +TLDR: #CanaBan2017 +https://www.cnbc.com/2021/09/10/epic-games-v-apple-judge-reaches-decision-.html + +KEY POINTS + +Judge Yvonne Gonzalez Rogers handed down a decision in a closely-watched trial between Apple and Epic Games on Friday. + +Rogers issued an injunction that said that Apple will no longer be allowed to prohibit developers from providing links or other communications that direct users away from Apple in-app purchasing. + +Rogers said that Apple was not a monopolist and “success is not illegal.” +There's a long list of things you need to worry about when separating from your job regardless of how or why that is happening. It is often an emotional time, but missing a few key steps could be troublesome down the road.[ ](https://www.someecards.com/usercards/viewcard/leaving-my-job-without-the-going-away-party--aa5a7/) + +This checklist is intended to apply for most situations including: resigning or quitting a job, being fired from a job, or being laid off. Navigating the end of a contract as a contractor is not really the focus of this post, but some steps may still apply. + +Some specifics will only apply to the US (e.g., retirement account types, filing for unemployment, health care). If you're aware of a guide for any other countries, please make a comment! + +## Before resigning *or* if you are at risk of being let go/laid off + +- It hopefully goes without saying, but you should already have a firm job offer in hand before resigning (unless you have a different plan like heading back to school). Likewise, if you are at risk of being let go or laid off, you should be building your network at the very least (if not outright looking for a new position). +- Do you have a retirement plan with your employer (e.g., 401(k), 403(b), 457, SIMPLE IRA, SEP IRA, or TSP)? + - Note that many employers will require to to pay off any outstanding loans you have made against your retirement plan. If that's the case, you will have only 60 days after separation to pay off the balance to avoid early distribution taxes and penalties. + - [Plan out what you'll do with your 401(k) or other employer-sponsored retirement account.](https://www.reddit.com/r/personalfinance/wiki/retirementaccounts/rollovers) + - Recognize that you will be giving up any unvested matching for your retirement plan. +- Have a plan for the first few months after the job. + - Figure out what you'll do for health insurance (sign up for your own via COBRA or the ACA, switch to a spouse's plan, or wait to get coverage with new employer). + - Consider whether you will want to convert your group life insurance policy to an individual policy. + - Make sure you have enough money to carry you into your next job without dipping into your emergency fund, set up a budget, and examine your general financial situation. Emergency funds are for unexpected circumstances. + - If you are planning on moving, understand that landlords often want to see proof of a job and income - which may make getting a new place more difficult. +- Make copies of any performance reviews, professional certifications, or other personal documents that you'll want to keep as well as your current vacation balance, salary information, etc. Having a copy of your contract and benefit information on a personal computer is also recommended as you might not have access to them in the future. +- However, do not take copies of any work performed without written approval from management. This is not your property and is equivalent to stealing. +- Backup (commonly by emailing a copy to your personal email or copying to a thumb drive) and remove all personal files from your work computer, work phone, and any other device. +- Be prepared for what you'll do or say if your manager makes a counteroffer. Many people say it's a bad idea to stay after attempting to resign, but it can also go well. +- Don't give more than two weeks of notice if leaving immediately and not being paid for your remaining time would be a financial hardship. +- If you received stock options, received a hiring bonus, or receive ongoing monetary bonuses or RSUs: + - Examine your vesting schedule and consider whether you may have to return any bonus money (e.g. hiring bonus, moving stipend, education assistance) before you decide when to quit. + - Don't expect to collect options, RSUs, or bonuses during your notice period because you might be terminated immediately. It's better to wait to give notice until after any important vesting dates (you should still give two weeks). + - Purchase any stock options that are "in the money". +- Check on your benefits and find out what happens to them upon leaving. + - Do you get your outstanding vacation days paid out or do you lose them (meaning you should take them before resigning if possible)? + - When does your health/dental/vision insurance expire? End of the month or day you leave? Make sure any appointments are scheduled with this in mind. + - If you have floating holidays, you may want to take them before resigning. + - If you have an FSA, is there anything left in it to spend down (check out FSA eligible items on Amazon). Anything left the day you leave, the company keeps. Even if you are resigning on Jan 15 and only contributed once, you can still spend the entire annual amount and not have to pay it back. + +- Put together an email list of anyone you want to email (individually or as a group) when you leave. Don't email too large of a group because it's tacky and use Bcc: for group emails. + - Email should be short and to the point. Something like it was great working with you, I learned a lot. Here's my personal info to keep in touch. Don't try to explain yourself. + +## How to resign + +- Don't burn any bridges and maintain a professional attitude. You never know who you will run into again in the future, keep it professional. +- Bring a box with you (leave it in your car if you can't bring it in discreetly) to allow for easy packing of any personal possessions in case you are walked out that day. +- Make sure you have contact information for any key people - coworkers, managers - that you want to keep in contact with or possible use as a reference in the future. Send a copy of this to your personal email. +- Do not tell your coworkers/friends prior to telling your boss and HR. This is not something that you want floating around the office. +- Tell your manager in person and present a short and professional resignation letter to him or her at this meeting. When you leave the meeting, email a copy to them and HR (even if it is from home later that day). + - Don't make it personal or give a reason. State the facts. "I am resigning POSITION effective DATE." You don't owe them a reason (especially in written form), don't try to provide a list of things they could fix, etc. + - If you want to elaborate with your manager in person, keep the discussion positive and brief. +- Give two weeks notice and finish strong, but don't be surprised if you get walked out the day you resign or even immediately after resigning. +- If you do end up working the notice period - you still need to work! This is what you will be remembered for, don't start slacking off. Work with your manager to finish or hand off all projects you are currently working. +- Once you do leave, if something was left behind, make arrangements to pick it up. Talk to HR about this if needed. +- Send any goodbye email later from a personal email account. Don't "spam" aliases for an entire company or large departments unless it is a very small number of people (under 20 people). + +## What to do after you are laid off or fired + +- Don't burn any bridges and maintain a professional attitude. You never know who you will run into again in the future, keep it professional. +- Try to keep a calm appearance until you are off property. This is an emotional time, but you don't want to be remembered as the person who cussed out everyone as they were dragged out by security. +- Make sure you have contact information for both your manager and HR representative in case of questions later. +- Try your best to pack any essential personal possessions that day if you get walked out, check for small things like cell phone chargers and pictures. It can be awkward returning later. + - If you do need to return for personal items or any other reason, make arrangements in advance, don't just show up and expect to be let back in. +- You may be asked to sign a legal document giving up certain rights (e.g., a non-compete clause or waiving certain rights to sue) in exchange for severance pay and/or other benefits. Note that non-compete clauses are very difficult to enforce in some states. You absolutely need to read the entire document before signing and it's your decision to make. Consult an attorney if you need help. +- Send any goodbye emails later from a personal email account. Don't "spam" aliases for an entire company or large departments unless it is a very small number of people (under 20 people). Do not send anything right away because your emotions will be running high. + +## After leaving + +- If you were laid off or fired, [apply for unemployment](https://www.thebalance.com/how-to-file-for-unemployment-benefits-online-2064123) as soon as you can assuming [you were not fired for misconduct (i.e., terminated for cause)](https://www.thebalance.com/can-i-collect-unemployment-if-i-am-fired-2064150). The entire process can take weeks so do this as soon as possible. +- Any life insurance coverage through your employer will terminate after you leave (sometimes immediately, sometimes at the end of the month). Consider converting your group life insurance policy to an individual policy, especially if others depend on your income or if you have medical conditions that may prevent you from getting an individual policy on your own. The cost tends to be low, but you will only have a limited amount of time to do this (usually 30 days or until the end of the current month, but don't count on that). +- Move your 401(k) or other employee-sponsored retirement account to your new plan or a Rollover IRA (if that was your plan). +- Get on LinkedIn and link up with the ex-coworkers who would say good things about you (and vice versa). +- Get health insurance if needed (see above). There's a 60-day grace period after leaving your job for COBRA election (you can get coverage retroactively), but signing up for ACA coverage may be less expensive. +- Make sure you have a plan for how you will sell any company stock. +- Inform your new employer about how much you've already contributed to your 401(k) for this calendar year to avoid exceeding the contribution limit. Note that you may have another paycheck or two still coming from your old employer after you quit so it may take a little time to figure this number out. + +## Being unemployed + +Unless you have a signed job offer in hand, it's time to actually *act* like you are unemployed. + +- Hoard cash. Don't waste money on stuff you don't need to survive. Review your budget, cut any and all unnecessary expenses, stop eating out and going out to bars for drinks. +- You have extra time so use it to save money: cook at home, exercise on the cheap, read books from libraries instead of buying them. +- Your "job" is now finding a new job. + - Update your resume (get some feedback on /r/resumes), customize it to each job, and submit it everywhere. + - Spend time every day on job search sites, LinkedIn, and communicating with your network. Set a weekly goal to send customized applications and resumes to a specific number of jobs per week (e.g., 20 jobs). + +---- + +Thanks /u/CripzyChiken for adding information on FSA and a few other things. + +P.S. The wiki home for this article is https://www.reddit.com/r/personalfinance/wiki/leaving_job. +Dad made great money growing up, until I was 12. Then he was unemployed for a while, but mom wanted to continue living in the $2300/month home and buy stuff, and dad was/is an alcoholic and a heavy smoker (he's quit smoking now, yay!) So a lot of money was just being wasted. + +They are now in a cheaper home, but dad is the only one who works (mom can't due to physical limitations) and he works as a salesman. He brings home around $30k. + +I just got a job that pays $44k/year + bonuses and overtime. I can bump that to $50k with working more and harder, which I don't mind doing. When all is said and done, including the measly 3% I have going to my 401k, I'm left with about $900. I try to put $450 into savings, and use the remaining $450 towards debt (car note and student loans, in addition to the monthly payments, namely). + +Dad's health is declining due to a bad COVID pneumonia case. He's been battling it for 3 weeks. Mom is concerned he'll need to go on disability and won't be able to work. That puts them in a pretty bad spot, obviously. + +I gave them my car a few years ago after they filed for bankruptcy, and I took another car loan out in my name to facilitate them having my first one and myself having a second. My name is on both; they pay me monthly for that payment, which is good. However, I'm starting to think that I may need to pay that, as well as the student loans they have for me (parent plus). That'll knock $350 off the $900 I have left over, leaving me with $550. + +My issue is that I want to break this cycle and set myself up for financial freedom, and taking on their debts in addition to my living expenses and debts will not really allow me to do so. I'm considering going back to grad school to get a higher paying job to facilitate helping them more. + +I am planning on moving to an apartment with 3 other people to knock my rent down $300, which will help. + +I feel financially responsible for them at 23, and I'm scared I won't be able to do enough. I need help setting boundaries and understanding what limits are okay. + +Tl;dr: I have older parents. Dad works, mom doesn't, I bring home more than dad does and I feel like I need to give them more. I'm cutting down on my expenses to be able to facilitate more giving. The issue is that by doing so, I lose out on my own financial freedom. When is it okay to draw the line? Is it okay? Should I be giving them all of my excess income since they're older? + +Edit: Thank you to all who have contributed to the discussion so far, and thank you for the hugs & gold! Y'all are awesome. + +Edit: Also, small thing, I am a female/daughter, she/her. Haha. + +Edit: WOW. I fell asleep at around 3:30am, and it's now 8am and there are close to 100 more replies. THANK YOU ALL for taking time out of your days/nights to reply to myself and others. I will read & reply to these as I can throughout the day, and wish y'all the happiest Thanksgiving! + +**EDIT: I'm seeing a lot of themes here, so I'll try and update the post as it develops on my side.** I talked with my mother about she/my father going on disability this morning. She said the lawyer fees to do so would total around 10k and that they couldn't do it. I'm not sure about any of that, and didn't press further because she got annoyed that I even asked, and said her "knee functions fine." She doesn't like me asking questions about their financial situation, even though I feel like if I'm gonna help, I have a right to know. I also want to add that they are no longer in the $2300/month house, but stayed far longer than they should have. My mom wanted to keep it because it was her "reward" for staying home and raising me while my dad worked. + +In response to the car payments: cumulatively, the car loans are $373, which isn't too bad! I saved up and put a lot down on both, which may or may not have been a good decision. Theirs is a Ford (bad decision), while mine is a Toyota (good decision). + +Student loans: my payment is $289, theirs will be around $190-$250. Unsure of that amount, as I just graduated in May and they haven't found out yet. + +**EDIT: Many questions regarding why my mother doesn't work, which is totally fair! Here is my take.** + +I think it's either a lot of pride or a lot of shame on her part. She doesn't want to accept help, and I'll never really know if it's because she truly doesn't think we need it, or if she's too embarrassed to take it. I've been trying to figure my mom out for years, and I still have no clue, lol. + +Many comments here make me doubt all of the things she's told me as far as why they can't do stuff. As for why she can't work, it's "the dogs," or "my knee" or "I've lost teeth, no one will hire me if I can't even smile." (She is very self conscious there). + +Then I offer to help and it's "my knee is fine, but I haven't been in the workforce for so long, I won't get hired." I've offered to pay for their local community college classes to help her ease back into it, and that was a no due to not being in school for years and also, the dogs. + +It definitely feels like I'm hitting a wall with her every time, but I think it's a mix of pride and shame and that's something I can't force her to work through. + +**Final Edit** +I am still trying to read through everyone's wonderful, informative, thoughtful responses. Huge, huge thank you to everyone who contributed and messaged me personally! This was SO helpful, and if someone's ever in a similar position (like many of you!), they'll be able to refer to this post. Y'all have helped so many people. + +Thank you, thank you, thank you. I wish everyone the happiest, safest Thanksgiving! + Told the boss last week and he handled it extremely well. For that I am extremely grateful. An email will go out in 15 minutes to everyone else. Been a long time coming and it will be an emotional load off my chest, that I'll no longer have to keep this under wraps. Heart is racing, just sitting here unproductive, and a bit emotional at the moment. . \*deep breathes\* Good things to come in my next chapter. I hope everyone on this forum reaches their goals for FI ASAP and I thank all the contributors for the knowledge they've shared here and on other forums. +I see a lot of people here say that putting 100% in VTI is good, but I was thinking wouldn't it be better to have a bit of exposure to the international market by splitting it between VTI and VXUS +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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You get a job making a few more bucks an hour. You finally pay off that debt. You have a little more money than you used to have, but maybe not a lot more. And you start to wonder... is it okay if I increase my budget a little bit and improve my standard of living? Or, since I've been living without this money for so long, should I save it and avoid the dreaded "lifestyle creep?" + +Go by the "Raw Asshole Rule." + +The Raw Asshole Rule refers to what using cheap one-ply toilet paper every day does to your asshole. When that's all you can afford, you live with a raw asshole. It's not pleasant or comfortable, but you deal with it because you have to. When you are making enough money to afford the nicer toilet paper, you are absolutely justified in doing so. It's not lifestyle creep or extravagance to not want to live with a raw asshole. + +Other things can be raw assholes, too. If your shitty beater car is barely safe to drive and constantly in need of repair, that's a raw asshole. You're justified in getting a safer and more reliable car. If your mattress is older than you are and you're always waking up sore, that's a raw asshole. You're justified in buying a new mattress. If your current grocery situation is unhealthy or leaves you feeling gross and miserable, that's a raw asshole. You're justified in upping the grocery budget. See what I'm saying? + +And those are just some obvious/common examples. Even seemingly frivolous things can be raw assholes, if they're important to you. If your wardrobe is threadbare and makes you feel ugly or ashamed, that can be a raw asshole. If you haven't had the money to spend on a social life or a hobby, and that has left you depressed/isolated/unfulfilled, that can be a raw asshole. Anything that consistently negatively impacts your daily functioning, that makes you unhappy every day, can be a raw asshole. + +Here's the true genius of the Raw Asshole Rule: if your cheap toilet paper makes your ass raw, you don't immediately jump to wiping your ass with 100% silk sheets. You buy the store-brand Charmin knockoff - just enough to stop your ass from bleeding. Apply that to everything else. Don't buy a brand-new car - buy a safer, more reliable used car. Don't buy a $5k Tempur-Pedic - buy a $300 mattress and a $60 topper. And so on and so forth. This is /r/povertyfinance; y'all don't need advice on how to stretch a dollar. The point is, you don't need the nicest, most expensive stuff to stop your ass from bleeding. + +It is cruel to expect someone to live with a raw asshole in the name of saving a few extra bucks. Getting out of poverty, and enjoying the small comforts that allows, is not lifestyle creep. Lifestyle creep only becomes an issue if you're spending money beyond what is necessary to make your asshole stop bleeding. + +So if you're in this spot? Just prioritize the things that make your asshole bleed the most. And enjoy that soft new toilet paper. + +And the obvious caveat: Apply the Raw Asshole Rule within a reasonable budget that allows you to continue making progress towards your current financial goals. How you prioritize and budget these things will be unique to your own situation. This isn't permission to blow your emergency fund. It *is* permission to stop feeling guilty about buying fresh veggies instead of canned, or moving to the more expensive apartment in the safer neighborhood. Continue to have a healthy respect for your future, to make sure you never have to go back to using one-ply toilet paper. Metaphorically *or* literally. +Hello I (27m) in the Midwest United States am curious what might be a better route… I work as an industry accountant and need some different minds to give me advice! + +I currently owe roughly 90k on my home that’s worth roughly 150k. I have 55k in savings. 10k in a personal stock account. 10k in 401k. Roughly 10k in equipment from a previous business I will be selling. I also have a truck worth about 20k that I could downgrade on. + +I want to know if it would be a better idea to pay off my mortgage (could have it paid off in a year). Or to just pay the minimum and star dumping cash into the market. The mortgage is at 3.6% +For example, lets just say that I theoretically put $4000 into crypto, watched it quadruple and now I theoretically had $16k in crypto. + +Now lets imagine that I theoretically put half of that so $8000 into this funny haha dog coin called Shiba Inu or something in August 2020 and just forgot about it cause it's funny to put a lot of money into stupid jokes. + +But theoretically lets say that it turned to $8 billion in a bit over a year and now I want to cash out and move it to my bank account. How would I theoretically go on about this safely if I theoretically had this much money in crypto, in theory of course. + +>!EDIT: Many people think this is real. No. I am not the guy who has 8 Bil in Shib. If I was I would never be making this post. I'm just poking fun at the guy like everybody else. This post is flaired comedy for a reason.!< +I got my tax return today and it went straight into BTC. I'm still pretty new at the whole Crypto thing, finally taking a deep dive and learning as much as possible in early February of this year after trying to trade to make fiat in '17 and' 20. I see it totally different than I did before, and am now a firm HODLer. + +I know $1000 isn't much but this feels like a big accomplishment for me. I've never been good about saving money, simply content with working and living paycheck to paycheck. When that stimmy comes you know right where it's going. + +I'm thankful for this sub despite being a lurker. This is a cool community with plenty of users that will remind you not to fall into FOMO, be careful what you invest, and beware of scams. +**An $18MM options trade hit the books at $11:17 EDT**, which is likely why there was a massive volume candle and near zero movement initially. + +**Here's the trade at 11:17:40am EDT:** + +* 2,500 21-Jan-22 $220 Puts for a notional value of $12,375,000 when GME was at $193.15 +* 2,500 21-Jan-22 $220 Calls for a notional value of $5,587,500 when GME was at $193.15 + +This was executed as a floor trade. For context, this is **17 times larger** than any other trade that's hit the tape today. The last time we saw a trade of this magnitude was October 18th, which I write about [here in a DD](https://www.reddit.com/r/Superstonk/comments/qjsxpx/the_ever_given_perspective_how_gme_is_trading_in/). I also talk about today's objective being to look for a sizable trade given where we were in the channel. + +**This trade is called a straddle.** It is an options strategy that is designed by buying puts and calls at the same strike and expiration date at the same time. This trade is designed in anticipation of a **significant move (up or down)** as the trade is profitable when it moves more than the premium paid. The put buy is more costly because it's in-the-money (for now). + +Here's a visual from the folks over at Investo-pedia to see what the trader might be thinking: + +https://preview.redd.it/if1t3gjxa0x71.png?width=3274&format=png&auto=webp&s=cdf11f5aaa021e56a69f4b9f8572e9eb0f68bd57 + +As you can see, someone with a massive amount of money thinks GME is about to do something significant. + +**You're going to want to buckle up.** + +Edit 1: formatting + +Edit 2: Wow, not early or wrong! +If you buy a house for $30,000 and rent for $1,500 it would take you almost 2 years just to break even. So how do people become so rich by renting by properties? And how do they rent multiple properties at once when they’re not even breaking even on the first one? +Once Marge calls, the party who’s been called has a short amount of time to cover. They are only liquidated if they are unable to meet their obligations. + +I’m just as excited as ever about the new rules going active today, and I’m sure they will *begin* to set things in motion — **but it will not be immediate!** + +We all know the drill by now — buy, hold, and wait patiently. + +The rocket is on the launchpad, and the countdown has begun. Buckle up, and enjoy the ride! 🚀 +I see post after post about how apes are not selling. I admire your resolve and am holding right along with you, adding more when I can regardless of price. This is emboldening, and I hope you can keep zen and embrace the red days like the seasoned Kongs you are becoming! My feeling though is that the constant downward pressure and price manipulation is not to force you to sell. They know that you won’t. They realize we are averaging down too. Taking a loss and selling early is not a scenario they are trying to create. They want you to sell when it first pops. I think the goal is more likely to demoralize you with a sea of red for so long that when you finally see green you paperhand early. +Hold the line. + +If it drops to 10. Hold the line. + +If it pops to 1000. Hold the line. + +If it pops to 100000. Hold the line. + +Don’t be tricked into selling before your personal goal is achieved. We get one shot at this apes. Hold the line. + +If reddit and YouTube go dark. Hold the line. + +If you are blinded by FUD and MSM and are separated from your ape family, don’t lose heart. Trust that even through the panic and the fear in the darkness, we will be standing together. Hold the line. + +See you all on the moon soon. +Not financial advise I just like the stock. +I am by no means an experienced trader, but I feel like selling early is going to be a problem rather than selling late. By banning gain porn during the squeeze the chance of people falling for the FUD should be a lot smaller. Maybe we can allow people we know and trust to tell us their plan, but exact selling prices or moments will have a great impact on the poeple reading DD and seems to me like some semi-financial advice. +I was about to hit the trigger button on coinbase to sell of $10,000 worth of eth when my wife walks in the room and asks, "What are you doing?" + +"About to sell some eth, it's tanking," I say. + +Wifey says, "you don't sell when it's low. It's just a correction." And so I listened to my wife. + +Edit: so I did the math and it looks like as of tonight my wife's suggestion saved me about $3000, which included the coinbase fee. +I joined this subreddit a few months ago, and fell into the shroom stock craze. + +I started my portfolio earlier this year, only with about 2k worth of etf. I got in at the right time and made 500$ because how low stocks dropped. + +A few months ago I got a lump sum bonus, and put a lot of my savings into my TFSA. + +With all the wild stories on reddit and shroom craze (I still believe in it as medicine), I put 1k into NUMi, 1k into Mindmed. Turned out I got to the party late, all the HB 9s bounced off with Chads already, lol. Both dropped a lot after that. I put 1k into Kraken based off readings here (still holding but put a stop loss on it) + +I still had the rest of my account in cash (and now more in ETFs), and I went into it knowing anything could happen...but still, this was a lesson learned for me. + +Numi dropped 50%, my 1k went to 500$. I put a stop loss a few days ago, and it just sold this morning. + +So any gains I made from that 2k were negated by this one "play." + +I invested not on fundamentals, not on much of my own research, just reading threads on here thinking "if they could do it so could I." "I'm a smart guy!" + +I was stupid because I've read millionaire teacher who says be careful of the man in the mirror. + +I was partially saved because I limited the amount I played with out of my total portfolio. + +I have deposited 28k total in my account, so you can do the math on spending 2k into NUMI and Mindmed. It's not much but this principle (no pun) is important. + +The deal and I bet for many of you here, is investing based off pure speculation and what others say. Understand balance sheets, investing principles, etc. It takes time. + +Until you really know what you are doing (and you still probably don't), put them in ETFs, and dont touch it! + +Hopefully this helps some new people here. + +EDIT: I'm not saying dont buy shrooms stocks. I'm saying invest based off principles, not hearsay. +Obviously this depends on how the country was doing at the time and what was good/improved on during the term. Not to mention there is usually a buffer to the impact economic policies will have on a country, long term. So this is pretty subjective really. But id love to hear your opinions, thanks +So it's looking like a lot of us are going to be rich AF! + +CONGRATS to everyone who had the foresight and acumen to see the potential of ethereum and supported the project early on (& it is still very early) - could turn out to be the best financial decision you ever made. bravo! + +That said, can we please all not turn into a bunch of rich, entitled, assholes? Money can make you fucking crazy so take this new wealth seriously. In our capitalist society great wealth means great power, and many of you, very soon, could have the ability to use that new found power for whatever you like. I really hope it's not just to buy the fastest car you can find and to make it rain at the strip clubs (speaking of, the hyper-alpha male machismo bullshit on this sub is off the charts around here lately. I was just painfully reading a post by some douchebag bragging about getting his dick sucked and somehow relating that to ether - tons of upvotes! who the fuck are you people?? When did this turn into middle school? It's so cringey & embarrassing to read that shit - but i digress) + +Anyways my point is you all could have the potential to do some truly great, society transforming things with your new wealth & ethereum is the perfect vehicle for it. So instead of two lambos, maybe just get 1 and then think about something more philanthropic ;) + + +First I'd like to thank everyone who responded and assisted in my thread previously regarding a property negotiation - original thread link + https://www.reddit.com/r/AusFinance/comments/xd474r/property_negotiating_question/?utm_medium=android_app&utm_source=share + +The update as of today is my deadline of 2pm past for my formal and final offer of $665,000. They came back at 2:30pm with a counter offer of $680,000. + +I rejected this and told them they're dreaming and have now walked away from negotiations. Funnily enough the agent actually asked surely you can add another 1 or 2 thousand? I told her on principal and as a matter of fact I take that as disrespect that a property developer, who would have no real use for such little additional money, would try to squeeze every last penny out of us as a young couple. I refused to budge and I'm very happy to walk away from it without stretching my budget or overpaying the worth. + +She tried all sorts of tactics which I can get into at people's request but I'd just mainly like to use this post to thank everyone, initially I was a fish out of water but thanks to your advice I genuinely had fun negotiating here and can leave with my head held high. +My parents own two rental properties, one has been a pain, and they are getting to the point where they cannot deal with it themselves and have asked me to help. + +This morning the tenant sent them an email, about their “rent forgiveness” proposal. They currently owe $9,000 in back rent, and pay in chunks. $500 here, $200 there. Rent is $2,250 and comps are around $2,800. These properties are my parents source of retirement income. In their proposal, they outline backdating a monthly rate of $2000 to April 2018 to effectively flatten their 9k owed. + +Not only do I want to send an email saying no to their proposal, but I would like to include a rent increase form, along with a new lease to sign (they have been month to month for over a year it seems). + +In the current climate, how do I find the exact steps to take legally? If they say no, or put up a fuss, what am I allowed to do (no current lease, eviction moratorium, small claims court)? I’m in the greater Seattle area and would greatly appreciate any advice. +Since the last November Bittrex suddenly changed my account to "New Account" and disabled withdrawal without notice in advance. I had also tried numerous times of their failing "automatic advanced verification procedure". A ticket had been opened for two months and I had waited patiently, till when I had to write an email to inquire the progress, to which they did not even bother to reply at all (not even a bot message). + +Firstly, unlike Poloniex, Bittrex did not notice its customers who had been able to withdraw before, that they would disable withdrawal completely without advanced KYC. Secondly, they should have allowed people to withdraw the remaining funds prior to the new policy taking effect. + +In comparison, I was notified by Poloniex that they would disable further deposit without Advanced KYC but only allow withdraw the remaining funds in the account. +They also warned that current Adanced KYC procedure may take weeks. I submitted the required document a few days back, I was happy that it took actually only 3 days to complete mine. + +I read months back there were people creating telegram group with people having this issue but did not join thinking Bittrex would solve this sooner than say two months. Now it has been three months with about 100.000 dollars sitting in Bittrex exchange and there is no reply to ticket/mail at all. + +Advice is greatly appreciated. + +Edit: Thank you all for the upvotes and advice. 1. I was/am not involved in any p/d group. I would not even mind if they complain about that with me since I am all clear. 2. I'm not a US citizen so not too familiar with suing at the moment. I will look further if it can not be solved more peacefully. +Edit 2: Thanks again. I also wish everyone with similar situation have their way out. Will update when and how it is solved. + +Update: This is resolved by someone requesting the ticket no. in the comment. I pmed him the no. My ticket was then resolved in less than 2h after the pm. My account summary shows "Enhanced verified" now. Tried and confirmed also that withdrawing works. +I was going to show his reddit id here since he had commented, but it seems he has deleted that comment, maybe not wanting his inbox spammed with ticket no. So I think I should not do it. He has bunch of bittrex support comments in his profile, maybe search for them to get to him. His id is very short. +Lastly, this is not the way to get support. Check Bittrex's twitter and everywhere you'll see there are still tons of people having this account verification issue not resolved, and can't even reach support. +Thanks again for the support. People might also try arsonbunny's method below if their ticket keeps getting ignored by exchanges. Let us know how that works as well. +Easiest litmus test in the world. Tell me what a company is expected to ***earn, bottom line*** (free cash flow, net diluted earnings, owner earnings, or discounted cash flow) in the next 10 years, using the companies historical data, logical reasoning, and qualitative observations about company franchise and industry prospects, *without ever incorporating price into the analysis*. + +Can't do that? You're using price to arrive at value. Also known as speculating on crowd behavior, or the [Keynesian Beauty Contest](https://en.wikipedia.org/wiki/Keynesian_beauty_contest). +Many people living the FIRE lifestyle have some sort of passive income or side hustle that brings in additional revenue beyond the 9 to 5. + +What do you do to bring in extra cash? How did you get started with that side hustle? Would you recommend others take up the gig? + +Edit: a side hustle isn't key FIRE but a lot of people partake in something to bring in additional revenue, so I just want to learn about what people are doing to bring that in. Not everyone makes $100k+ from their day job. +I’ve been day trading for a little over a year now and initially I lost some money because I was still learning the way but over time I’ve been able to successfully manage risk and become profitable. However, when you tell people that this is what you are doing and they say isn’t that just gambling? It really really bothers me because it’s a whole skill involved in this line of business. And the more you try explaining it to them the more they say sounds like a gamble to me. I guess I’m just really annoyed because to me it sounds derogatory to myself and all the day traders out there who actually enjoy doing this and are successful. + +I just want to know has anybody else gone through a similar situation like this where they talk down on what you do or simply call it gambling? How do you deal with it? + +EDIT: I am extremely thankful to everyone who took their time to read my post and reply. I have read and keep reading every new comment that is being made and I am grateful to all of you even some of the constructive criticism I have received lol. I just got to be better at ignoring all the noise from people that simply don't understand what we do and let them quiet down as time goes on. Just wanted to take a moment to thank you all. Appreciate you all! +**TL:DR; after doing two polls and comparing to another user's results, I estimate superstonk users own between 27 million and 35 million shares of GME.** + +**Edit: A very large point of misunderstanding is that the average shares are too high. In statistics, averages are easily skewed by outliers. For example, you have two groups: 3,3,3,2,4,2,4,3 and another 0,0,1,2,10,2,3,4. The average of both is 3. People have said it's impossible for the average person to own $25-30k worth of shares. I agree. In this study, 70% of the respondents own less than the average number of shares. The median user here owns 54 shares. This means that 50% of users here own $9000 or less (based on a stock price of $170)** + +This is my last post (probably...) about the survey research I've done. I actually have work to do which I'm putting off for this, and I really have to get back to it. If anyone else wants to play around with it, the data is available in my previous post. + +First post:https://www.reddit.com/r/Superstonk/comments/mwziwn/users_of_superstonk_own_at_minimum_9_million/ + +Previous post: https://www.reddit.com/r/Superstonk/comments/myaxaw/update_retail_users_own_at_absolute_minimum_138/ + +**Introduction** + +There have been many opportunities for short sellers to cover their short positions since January, and it has been speculated many times this is the case. Publicly available data, such as SI%, have also predicted a decline from over 140% to around 20-40% recently. Adding to this, institutional ownership has been predicted to be around 137% on current bloomberg terminal updates (https://www.reddit.com/r/DDintoGME/comments/mz6zq1/26042021_gme_bloomberg_terminal_information/). But as of yet, and remains to be a crucial variable, is that retail ownership remains a mystery. It has been heavily speculated to be much greater than GME issued shares. Previously, I made a survey to estimate retail ownership. Since last time, I added another poll. The first poll I was unsure of how accurate (possibly because of trolling) the 500-1000 and >1000 categories were. I also tried to extrapolate the results to all of retail. To account for this I removed the 500-1000 and >1000 categories. Some users pointed out that even if I remove those groups, it's still comparing two different populations as we have little general retail data. They were valid arguments. Instead, I'm now making inferences only for superstonk users. The other issue with my first poll was overcrowding of the 100-500 groups and absence of a 0 share group. After splitting these into more groups and adding the 0 group, I see a more normal-like distribution of responses. Using a frequency distribution (https://www.spss-tutorials.com/frequency-distribution-what-is-it/), which is a type of statistical binning or histogram (https://en.wikipedia.org/wiki/Histogram), to predict superstonk ownership, I provide an estimate that superstonk GME ownership is at minimum 27 million shares, upwards of 35 million. + +**Results** + +*Respondent Bin Distributions* + + +Group | Respondents | Percentage +:-- | :--: | --: +0 | 4 | 0.250312891 +1 to 5 | 87 | 5.444305382 +6 to 10 | 106 | 6.633291615 +11 to 15 | 113 | 7.071339174 +16 to 20 | 90 | 5.63204005 +21 to 30 | 151 | 9.44931164 +31 to 50 | 199 | 12.45306633 +51 to 100 | 278 | 17.39674593 +101 to 150 | 159 | 9.949937422 +151 to 200 | 72 | 4.50563204 +201 to 300 | 106 | 6.633291615 +301 to 400 | 52 | 3.254067584 +401 to 500 | 43 | 2.690863579 +501 to 750 | 44 | 2.753441802 +751 to 1000 | 31 | 1.939924906 +>1000 | 63 | 3.942428035 +Total | 1598 | 100 + +Based on bin sizes and ranges within them, the 11 to 15 bin had the highest representation. In the bins as a whole, the highest number of respondents had between 51 to 100 shares, with 31 to 50 being the next largest bin. + + +*Estimation of 200,000 person population* + + +Group | 200000 people | Shares min | Shares max +:-- | :--: | :--: |--: +0 | 500.6257822 | 0 | 0 +1 to 5 | 10888.61076 | 10888.61076 | 54443.05382 +6 to 10 | 13266.58323 | 79599.49937 | 132665.8323 +11 to 15 | 14142.67835 | 155569.4618 | 212140.1752 +16 to 20 | 11264.0801 | 180225.2816 | 225281.602 +21 to 30 | 18898.62328 | 396871.0889 | 566958.6984 +31 to 50 | 24906.13267 | 772090.1126 | 1245306.633 +51 to 100 | 34793.49186 | 1774468.085 | 3479349.186 +101 to 150 | 19899.87484 | 2009887.359 | 2984981.227 +151 to 200 | 9011.26408 | 1360700.876 | 1802252.816 +201 to 300 | 13266.58323 | 2666583.229 | 3979974.969 +301 to 400 | 6508.135169 | 1958948.686 | 2603254.068 +401 to 500 | 5381.727159 | 2158072.591 | 2690863.579 +501 to 750 | 5506.883605 | 2758948.686 | 4130162.703 +751 to 1000 | 3879.849812 | 2913767.209 | 3879849.812 +>1000 | 7884.85607 | 7884856.07 | 7884856.07 +Total | 200000 | 27081476.85 | 35872340.43 + +Using the results of the bins, it appears that superstonk users alone own 27.1 million to 35.9 million shares of GME. + +**Average share ownership of Superstonk users = 27081476/200,000** to **35872340/200,000** +** = 135 - 179 shares/person** + +Using the data provided from the poll, I estimate Superstonk users own, on average, 135-179 shares per person. + +Edit: The median value is 54. This may be a better representation of the "mid-point" of the data. + + + +**Comparison to other studies** + +In another sampling method using direct share input and combing these into 5 ownership bins, /u/Kalaeman used a sample size of over 2000 to predict that the average superstonk user has around 166 shares (+/- 13) and the median user has 19 shares. Using this data to infer the population, they predicted that from 200,000 superstonk users, 33,200,000 +/- 2,668.433 shares are owned by users alone. Comparing this to my prediction of 27.08M - 35.9M million, I can't help but notice the value fits exactly inside my range... https://www.reddit.com/r/Superstonk/comments/mylv9k/1_billion_share_owned_by_retail_confirmed/ + +/u/haydoboyo used 14A filing information to predict retail ownings and speculated that, if retail owns at least 3 shares each, the free float is owned. https://www.reddit.com/r/Superstonk/comments/mxkwlb/double_the_short_interest_half_the_anxiety/ + +/u/InForTheSqueeze also used measurements from the GME 14A release and from brokers to estimate retail ownership. Although there are speculations in these, they support the findings of my study. https://www.reddit.com/r/Superstonk/comments/mxrdcb/updated_dd_i_did_the_math_there_is_literally_no/ + + /u/DiamondsApes a month ago looked at broker information to estimate retail ownership as well. https://www.reddit.com/r/GME/comments/m54vpq/serious_dd_retail_ownership_using_public_data/ + +/u/thedav1d 1 month ago also predicted retail ownership including options. https://www.reddit.com/r/GME/comments/mduj5t/dd_why_retail_is_holding_far_more_shares_than/ + +/u/brocaa used AI (which is a fancy word for regression analysis) to estimate the number of FTDs hidden by deep ITM options, and predicted around 140M. https://www.reddit.com/r/Superstonk/comments/mvdgf5/the_naked_shorting_scam_in_numbers_ai_detection/ + +/u/eastrod, building on work by /u/defj2 (https://www.reddit.com/r/Superstonk/comments/mz7c7h/put_anomalies_pt1_were_127_million_synthetic/), predicted that around 1.09 million puts were possibly used to reset 109 million FTD https://www.reddit.com/r/Superstonk/comments/mzgtvx/a_method_for_hiding_ftds_that_uses_the_109mil/ + + +/u/33a also shared their findings: + +Estimate based on comparison to other securities and general buying patterns https://old.reddit.com/r/Superstonk/comments/mwn95o/retail_is_the_whale/ + +Estimate based on fidelity order volume and level 2 order sizes https://old.reddit.com/r/GME/comments/msyhlq/fidelity_users_purchased_about_61_million_more/ + + +/u/ColonelOfWisdom speculated, with relevant information, that hedge funds had plenty of opportunities to close their short positions leading up until now. However, these methods offer the *opportunity* for these events to happen, not *proof* they happened https://www.reddit.com/r/GME_Meltdown_DD/comments/mxj6a9/faqs_about_the_gme_situation/. Support for their argument came from the diminishing of reported SI% from 140% to 20-40% as of last filing. + +https://iamnotafinancialadvisor.com/GME/, who originally predicted the FTD squeeze and how uncoiling the spring is a possibility, predicts that based on current trends of reported FTDs, the FTD cycle is diminishing and a squeeze is statistically unlikely. However, based on information here, it is entirely possible that the FTD cycle peaks are diminishing because of FTDs being hidden. + +And lastly, SI% has been around 20 - 40% (https://www.marketwatch.com/investing/stock/gme - https://finance.yahoo.com/quote/GME/key-statistics/). However, as mentioned, SI% can be hidden in options and through other methods. + + +Now, the first question on your mind is: "can't users just mess with the results? I mean, that's what I would do. Polls are useless anyway." I would agree this is possible. For example, in my two polls, the percentage of respondents for each group changed a maxmimum of 2% over each bin. For large bins, this doesn't affect the results much. But over smaller bins with high underlying values (the >1000 bin, for example) the 2% is a large change. However, the underlying findings remain the same for either poll and for the other presented by /u/Kalaeman, reducing the likelihood of tampering. + + +**Methods** + +I used a poll to estimate superstonk GME ownership using strawpoll. Original poll is available here: https://www.strawpoll.me/42979202/r and the newest poll is available here: https://www.strawpoll.me/44432640/r. The settings were such that each IP address was only allowed to vote once, and Captchas were in place to prevent bots from interfering with results. The polls had 1200 and 1598 respondents, respectively. To try and minimize observation bias, such as through trolling, manipulation, or other means, I used a frequency binning method. Bin sizes were determined based on the first study to minimize overcrowding of bins. Frequencies observed from the 1598 sub sample were used to infer the ownership from 200,000 superstonk users. Average share ownership was calculated as **predicted total shares / 200,000**. At 1598 users, the margin of error was calculated to be approximately 2%. + +Edit: Some people have asked about how I calculated margin of error, so here it is. I did it two ways: A quick and dirty method where ME = Z X std.dev / sqrt(N). Note that although this gives you a general idea, it is meant to be applied to continuous data, not discrete data like mine is. The other method for margin of error, and the one I used, was calculated as such: For each bin, the formula ME = Z X sqrt((P(1-P))/N) where P = number of 'successes' or number of respondents in that bin, Z was the critical value for a 95% confidence interval (=1.96), and N is the total sample size. The bin with the the highest margin of error was the 51-100 bin, so it's value was used (1.54%) and rounded to 2% to be conservative. + + +**Conclusion** + +**After comparing the results of three different surveys, all placed the number of shares owned by supserstonk users from 27M - 35M.** + +I don't know what overall retail ownership is (although there have been predictions), but from superstonk users alone, it seems the free float is owned. Now, the question everyone wants answered: "Will this moon? When?" I don't know the answer to either question. But considering that the remaining free float is predicted to be 26-30 million ish and superstonk alone owns that much, I think it's safe to assume GME is significantly oversold. What should you do? Fuck if I know. The data here isn't telling you what to do, rather providing you with information to decide for yourself what fits your investing goals best. And of course, if you have any comments or criticisms, I'm all ears to them! I'll probably argue with you, but if you convince me with a good argument, I'll (hopefully) listen to your criticisms. +I wanted to make a quick guide into the process of alpha research which I hope can be useful to newer traders trying to build and algorithmic trading strategy. I used BTC and ETH data sourced from Binance and left out some assumptions like transaction costs, slippage etc which would have an effect on real world performance but would be too much to cover in one post. + +First, lets look at BTC and ETH returns over time, one big thing of note here is while the returns are seemingly random a clear pattern exists between the two assets and they tend to move in the same direction over time. This is also confirmed by the returns scatter showing a relationship between the two as well. + + + +https://preview.redd.it/a3zf5vji20o51.jpg?width=2489&format=pjpg&auto=webp&s=19deb3ba0531832cda45a67ede408e9ab83768a0 + +So one might notice this strategy and decide that trading the ratio between the two price series might be beneficial and they be mean reverting. So when we can look at the ratio over time, again there's no clear pattern or between the two and its seemingly random. Even with the benefit of hindsight we can see that the ratio doesn't seem to revert to its long term average. Trading this would likely not result in much profitability. + +&#x200B; + +https://preview.redd.it/a0eqos8zwzn51.jpg?width=2490&format=pjpg&auto=webp&s=d0be6f21b82d41f2503b3898c4d67929eaf90d62 + +What we can do however is use a normalisation technique to normalise the ratio over time and see what that looks like. (I attached some common methods there for inspiration). Now if this doesn't excite you you might be in the wrong field, we can see our data behaving lovely around a mean of zero with a rang of -3 to 3. This is something we can use to trade. + +&#x200B; + +https://preview.redd.it/7id6849hxzn51.jpg?width=2764&format=pjpg&auto=webp&s=db339b53bdadc549c210b31b9f3ea198bf9f2be0 + +To transform this into buy and sell signals is pretty simple, we set our sell threshold at +2 as from the data it's clear that over time it will revert back and similarly we set our buy threshold to -2. and when we want to enter a long trade we will be buying an equally weighted portfolio of long BTC and short ETH and a short trade would consist of short BTC and long ETH. + +&#x200B; + +https://preview.redd.it/f110bhydyzn51.jpg?width=2767&format=pjpg&auto=webp&s=1add25afa3da304463a54d32fc8bb42a72f28837 + +If we set our position to a binary +1 for long and -1 for short here what our position will look like over time. + + + +https://preview.redd.it/bmwckggmyzn51.jpg?width=2782&format=pjpg&auto=webp&s=c6ca8c1bf98604a6e7198b9c59be1af230cdfd26 + +Finally what everyone wants to see, returns over time. This strategy performs remarkably well over time and across multiple time frames and asset classes and I encourage people to look into things like 'pairs trading', 'stat arb', 'mean reversion' and 'relative value trading' as they are a very strong and reliable form of alpha when done right. Over the sample period of \~4years the strategy made steady and consistent returns amounting to just over +350% with a sharpe ratio of 2.003. + + + +https://preview.redd.it/ta8p43a3zzn51.jpg?width=2766&format=pjpg&auto=webp&s=be9ceb6ebde6222deab733f8e7dd20e4dfeafa10 + +There are plenty adaptation and optimisations to be made that can further improve results, namely: how you normalise your data, buy-sell threshold value, adding buy-sell threshold bands, time frame you trade in, adding additional stop losses to avoid big drawdowns. This post is probably getting a little long so I'll leave it there. Thanks for reading. +It’s essentially a count down. The clock is ticking until the game is up. The first ones to start covering might get out alive. + +Retail will not stop buying and direct registering, no one will “just get bored”, no matter how long it takes. + +GG + +(for text requirement) +DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS +Nice little increase here... + +" Morgan Stanley (NYSE: MS) announced that it will double its quarterly common stock dividend to $0.70 per share from the current $0.35 per share, beginning with the common dividend expected to be declared by the Firm's Board of Directors in the third quarter of 2021. In addition, the Firm announced a new increased repurchase authorization of outstanding common stock of up to $12 billion through June 30, 2022." + +source: [Morgan Stanley Announces June 2021 CCAR Results | Morgan Stanley](https://www.morganstanley.com/press-releases/morgan-stanley-announces-june-2021-ccar-results) + +I knew I should have bought more last week! +I am an adult female (single no children) who lives with my parents. I have been saving for and looking for a house of my own. + +A lot of people online talk down about adults living with their parents and people in person make comments about it. + +I think there is a difference between someone living with their parents and not working and being a bum vs someone working and paying their bills + +I know someone who is almost 40 that lives with their parents and does not work or do anything and is being supported by them, this person has no reason they can’t work and I think that is scummy, + +But I respect someone living with their parents and paying their bills more than someone living alone and going Into debt when they have other options. + +It’s frustrating that I can’t find a house and it really makes me feel like shit when people make comments. +Yesterday, I have posted two challenges on this subreddit: let's collectively predict the price of ETH in two moths and the price of ETH by January 1st, 2019 (https://www.reddit.com/r/ethtrader/comments/7wrzfh/challenge_lets_collectively_predict_the_eth_price/). The response was amazing and I had a crazy amount of work to manually input all of your responses into an excel table, but it was worth it - here are the results - the average and median prices of all the responses until Feb. 12th, 19:20 GMT. + +In rare cases when response was a range, I inputted the average of the both numbers. I have discarded 4 of the highest predictions that were clearly not serious predictions and only intended to manipulate the average number. + +&nbsp; + +We got **562 predictions for April** 11th and **676 predictions for January** 1st. + +Here are the results: + +* April average: 1403.52 USD + +* April median: 1300 USD + +* January average: 4688.69 USD + +* January median: 3500 USD + +&nbsp; + +Thank you everyone for your participation! This has had a truly amazing response. The question remains: is there some value in that kind of prediction? I believe there is - just look at the last year's results, that were amazingly accurate: https://www.reddit.com/r/ethtrader/comments/6etpqm/challenge_lets_collectively_predict_the_eth_price/ +The value of such group predictions is also described in the book "The Wisdom of Crowds" by James Surowiecki (https://en.wikipedia.org/wiki/The_Wisdom_of_Crowds). The value of this survey - this remains to be seen. I will be posting another post in April 12th to remind you of the results, so we can compare the numbers to the actual values. + +My Mrs used my account to buy me a small package 2600 shares in Falcon, gold mining company as a Christmas present. She YOLO'd into it for me, so shes defo a keeper.. just started doing my own DD, anyone else hold this? FAL asx. +I know everyone is a bit shaken by today, and I’ve seen many people complaining that there must be some paper handers amongst us. But if you look at the evidence, THAT ISNT A PROBLEM. + +WE ARE ACTUALLY FUCKING CRUSHING IT. + +It’s genuinely incredible. And it deserves to be said. It is *astounding* the uniform resolve people are showing right now. + +The price action today is complete bullshit, short ladder attacks mostly. And we are getting to the end of their bag of tricks. + +I’m not even worried anymore, and I almost never trust crowds. But when you look at the volume you see that we are overwhelmingly DIAMOND HANDED MOTHERFUCKERS. + +Y’all have amazed and inspired me. I am going to sleep well. + +And when the hedge funds inevitably break because they basically have to, I am excited to have a beer on Mars with some of y’all. + +Cheers to becoming astronauts together. 🚀 🚀 🚀 +Does anyone know what this means? I only applied for 2 other credit cards in the last 30 days. This is making me think someone might have stolen my identity. This sounds like a ridiculous amount. + +EDIT: +Credt Karma says I only have 4 hard inquiries and a credit score of: +689: Transunion 727: Equifax +Doesn't look like anything out of the ordinary - no idea why the bank would say this. + +RESOLVED (Apparently the idiots did a check on my address without the unit number and that was the total number of "hits" in my entire apartment complex. Granted this still seems odd but that's the explanation they gave) +Correct me if I'm wrong but I feel like I'm reading a lot of people thinking about selling some shares in case of a crash this spring/early summer. "My portfolio is up 110&% since last crash" , etc. After watching an interview with Cathie Wood the other day -I'm close to hitting that sell button almost every second of the day but I'm trying my best not to. Would love to hear everyones take on this. +What's your most recommended company analysis sources? + +**Answer critiria** + +* No 10k 10Q + * Why? They are obviouse and too verbose +* As unbiased as possible + * Why? So that our decision won't get biased by reading biased analysis. Facts only. +* Free of charge + +**Mine are** + +* [SWOT analysis](https://www.swotandpestle.com/) +* [Value investor club](https://valueinvestorsclub.com/) +* [Adamodar valuations](http://people.stern.nyu.edu/adamodar/pc/blog/) +* [Open insider](http://openinsider.com/) +* [Simply wall](https://simplywall.st) +* [Finance charts](https://www.financecharts.com/) +* [Macrotrends](https://www.macrotrends.net/) +* [Finviz](https://finviz.com/) + +**Notes** + +* I would love to see verbal analysis websites that you recommend. More like [SWOT analysis](https://www.swotandpestle.com/) and [Value investor club](https://valueinvestorsclub.com/) and less Metric ones. + +&#x200B; +From broken supply chains (such as China shutting down Shanghai to combat Covid-19, and those that are still broken from the pandemic), labor shortages (almost 3 million Boomers retiring early last year with declining world wide birth rates creating fewer workers and more retirees), the war in Ukraine (taking Russian oil off the market and crippling Ukrainian wheat production), climate change (we lost half our winter wheat crop to the worst drought in 1,200 years).... + +President Biden's $1.9 trillion American Rescue Plan. Massive federal spending packages to provide relief from COVID began under President Trump and initially had bipartisan support. Republicans argue that "exorbitant handouts" from the federal government, including a $300 weekly federal pandemic unemployment benefit, also have contributed to the labor shortage and rise in inflation. + +But those unemployment payments, which ended nationally in September, appear to have had limited impact on labor market participation. The mostly Republican-led states that blocked the payments added jobs in August at less than half the pace of other states that allowed the payments to flow. + +I'm not seeing any of this as Biden's fault. +When I started trading recently, I told myself that I would only $395 a day. That would be $100,000 a year based on 253 trading days. I was happy with the idea. I have a real job making 70k a year. $100k in side income from my day trades. $170k a year. Not bad. Then I started to make $700-1000 a day. I couldn’t stop. + +Today I was up $760. Almost double my daily goal. Then I decided to trade more. Then market went exact opposite of how I thought it would go. I ended up losing all that and being red $1300. So I actually lose $2000. + +I can’t control my greed. I can’t get myself to stop trading when I’ve gotten what I had planned for. + +Edit: I’m not talking about not taking profit. I’m saying that I had already exited my trade and I was sitting on $760 in cash. Then I traded more and lost all of it +... +I'm born in Australia. +Grew up, went to High School. +First job was at Cole's. +Had a huge crush on the guy that worked in F&V. +Went to uni. +Supported myself (with some help from mum and dad). +Worked in hospitality. +Cafes, bars, nightclubs. +Lived in sharehouses, with a great group of friends +We lived paycheck to paycheck. +Awesome parties, living our best lives. +Hungover? Go to the beach, dive in, cold water reality check. I'm feeling alive. +Fast forward. +Married. Love my man. +Both professionals. +Excellent income. +House paid off. +Boosting Super. +Buying shares. +Future set for a v comfortable retirement at this rate. +Ugh, god I hate work. +I live for the weekend. +But so tired from the stress of my job. +We both are. +Spend my weekend watching TV, playing video games, 1 night to have dinner with friends...cos I need to recover... So I can do it again...and face work for another week +Cos I make good money. +And it's what I should do. So I can keep making that good money. +But I'm so tired. And I hate working. +Is this life? +I really hope this catches on, because these people seem to be fine wrecking the economy and only get away with fines. But maybe that is our fault for calling them businessmen. Let's take control of the narrative here. These men destroyed companies. They indirectly let to people dying from unemployment. They paid for laws to be passed so they can destroy the dollar and get away with it. Maybe we start referring to them as economic terrorist, since that is what they are. They control the narrative because they pay for it. They show fear to get laws passed to favor them. They bribe politicians. These people are terrorists so let's refer to them as such. + +Edit: Since this got a lot of traction, I feel it necessary to let people know that this is my opinion. Let it be known that I do believe short-selling is necessary to counter certain risks in a market, but there is a limit to where you do this to hedge a bet versus doing this and attempting to bankrupt a company. These short sellers got caught trying to rig the game, and then continued to try and rig it to their advantage through a variety of legal loopholes. They could have let the squeeze happen, taken their loss, and gone home. They didnt want to lose. Psychopaths rarely do. (Not that these people are psychopaths, but studies have proven that people in these positions are statistically more likely to be.) Their plan failed, they started shorting ETFs. Now it is tied into other areas of the economy. They might even be shorting treasuries, so now our dollar value is at risk. They literally have leveraged themselves to a point where if they go down, they may possibly take the whole economy with them. +The japanese yen has been one of the most popular currencies in the world for a long time. Of course the Japanese economy hasn't been outperforming in the last three decades, but when I looked at the yen I initially thought it could have been a very good safe heaven strictly from a financial asset perspective, because the real risk free rate is so much higher than other currencies right now! + +The yield on 1 year US t-bills is 1.79% and US inflation is 8.5%, so the real yield on dollar is -6.7%. The 1 year german bonds trade at -0.33%, and with inflation at 7.5%, you are left with a real yield of -7.8% on your euros. Japan is MUCH better. The 1 year yield is -0.07% and inflation is only 0.9%, so on real terms you are only losing -0.97%, far from the worst. + +I would have expected investors to rush to buy yens in the last months but the opposite happened. Can someone explain hiw can this be rational? +I’m just genuinely interested on how we are going to be affected and why. At first, seems almost counterintuitive, because it would mean that we could spend money on other products/services. But I know it is not so simple, so help! +I work as a School Bus Driver and during the California order for quarantine to shut down all schools, I was temporarily laid off. I filed for unemployment and I was getting $600/ a week. However, my employer decided to pay me for work I am not doing for them and they're only paying me less than full-time. Since then I have not received any any benefits from my unemployment. What can I do? +Consider a salaried individual with high enough salary, say 50-60 LPA. The person ends up 30% + 1.2% + 3-3.12% (surcharge on tax for being above 50L)... <rough calculation for the sake of discussion> + +IS THERE A WAY for this individual to contract with the employer, not as an individual, but as a company (OPC?). If that is possible, then not only the tax slab goes down, a lot of expenses can be used for deductions... + +Just a thought. I could not figure out how to research whether this is possible or not... hence, asking the question here. + +If this is not an option, are there other ways to move away from being considered 'salaried individual' when you are working for an employer. What would be pros/cons for that arrangement, if there is any. +Finally joining the world of dividends and I’m a little overwhelmed, not so much trying to live off dividends(yet) as I am just starting my dividend profile. Would love opinions on where to start a stable high-yield snowball. Any advice or tips greatly appreciated! + +*(Wow! Thankyou guys! The feedback has been incredibly helpful,eye opening, & extremely informative, I was not expecting so many supporting yet contrasting views. Seeing the comments, its comforting knowing we’re not alone, hopefully this thread can help some of you as much as it did me.)* +I saw two charges on my account, one for GARNISHMENT OR LEVY ITEM and one for GARNISHMENT OR LEVY FEE CHARGE. Issue is, I dont have children, have never been married or anything that should lead to me needing to pay child support. I called my bank who let me know the Garnishment department stated this was a legitimate charge and that I needed to contact the state child support department. + +&#x200B; + +I contacted them and they were unable to find my case number and my SSN was not even in their system. They stated they would reach out to what they call their enforcement team and see what they can find. I was transferred to a manager who stated without a case number he could do nothing for me. + +&#x200B; + +I called my bank back to report my card stolen, because I figured this was the only thing that could have led to this happening. They explained that the charge didnt get taken from my card, and transferred me to the checking account fraud, who then tried to get me back to garnishments, again. I was told that these can only come in the form of a court order, and no one on either side has been able to help me. + +&#x200B; + +Now Im stuck and out almost $700 for a charge that has nothing to do with me, and Im freaking out trying to figure out what I should be doing. Any help or advice would be greatly appreciated! + +&#x200B; + +EDIT:: I should clarify, the only reason I think this might be child support related is because my bank gave me the number tied to the charge, which was to the Child Support Department +I recently paid $750 for a Vitamix blender and absolutely love it! We blend a lot and this is probably our 4th or 5th blender. This beautiful machine sits proudly on our benchtop. + +I also remember a really great night out I had with the missus before we had kids where we just went into the casino with about $100 each then just gambled, drank and ate until we ran out of money about 10 hours later. We had an absolute blast, met some fun people and enjoyed the very-hard-to-replicate thrill that is winning and losing money in an instant. Certainly don't regret that one, but also don't recommend it for obvious reasons. + +Edit: it’s awesome to see that people out there aren’t afraid to spend some of their money. While reading through this sub and some of the other finance subs on here, one can easily get caught up in trying to be frugal and even feeling guilty for spending their own money on things that make them happy. + +By all means cut spending on things that don’t matter to you, but don’t be scared to buy that robo-vacuum, or that motorbike, or that holiday or even a giant leather rhino. +I know I still have work to do but I wanted to share my small success story and some gratitude to this sub for helping me get my finances back on track. + +In late 2013 I was out of work for several months due to an illness, and just a few weeks after I returned to work my husband was laid off. I had a small emergency fund but medical bills and keeping the rent paid on time meant that I was left with some sizable amounts of debt, some of which went to collections. I ignored my credit through 2014 and 2015, since I honestly didn't know how to fix it. + +Then I found this subreddit. I read every post that seemed at all relevant to my situation, and read all of the amazing information provided here. Towards the end of 2016 I finally decided that I was ready to fix my situation and get back on track. + +In October I signed up for Credit Karma. My credit score was a dismal 590. I thought it was insurmountable, but I took it one step at a time. I treated it like a game -- every Sunday I would log on to CK (as well as several other score providers) to see how many points I "earned" that week. + +To start, I found a few old collections accounts that were either inaccurate or were being reported past my state's statute of limitations, and disputed them. To my surprise, the very next week every single one of them had been removed from my report. There is still one small $200 collection account on my report (one that wasn't disputed because I legitimately owe it), which I plan on tackling next. + +I now make a good salary but frequently found myself low on funds at the end of the month, due to poor budgeting. I signed up for Mint and monitored all of my spending to see where my money was going. I cut cable, stopped eating out so much, and cut some other unnecessary expenses. Coupled with taking on some extra side work on evenings and weekends when I could, I was able to put over $1,000 a month into savings, when previously I struggled to save even 1/10 of that. + +Next, I tackled my credit card debt. I started with about $2,800 in credit card debt, which isn't very much but my utilization was near 90%. Every extra dollar I had went to those two cards until they were paid off. I paid off the lowest balance first, since the interest rates were the same for both cards. Seeing that first $0 balance reported to my credit report was really nice. Once my utilization was under 50% I called CapitalOne and requested a credit line increase, which they provided, taking my utilization down to 31%. I continued paying down my debt aggressively and now have 0% utilization across both cards. It took about 6 weeks to pay these off due to my new aggressive budgeting strategy. + +Finally, I called my credit union (car loan) and asked them if they would be willing to remove any of the late payments that were reported during my unemployment, because it can't hurt to ask. To my surprise, they listened to me, saw that my payments had been current since I started working again, and removed 3 late payments from my report as a "good will" adjustment. I still have 3 late payments reported, but 3 is better than 6. + +Today when I logged in to Credit Karma my score was 663. All of my credit card debt is paid off, my car loan will be paid off in 3-4 months and I was able to replenish my emergency fund *and* start saving towards a down payment for a house. + +Seriously cannot thank this sub enough. I've never posted here before but I must have read every single post here over the past 3-4 months, and just wanted you to know that I'm grateful to those of you who take the time to answer questions and help people get their lives back on track. + +Happy New Year! + +**A small edit since this post got a little more attention than I anticipated! (Wow, thanks everyone :))** + +First, I have gotten some PMs and comments assuming that this post was some sort of ad for CK, and I assure you it isn't (lol). Credit Karma was one of several score services I utilized, and I initially signed up since I saw it mentioned so frequently on this sub. I mentioned it by name simply because it was the service I used (& continue to use) most frequently. I've also received some messages from people who, for some reason, don't believe that my post is true, and that was certainly unexpected. If the mods are amenable I would be happy to post screenshots with personal information redacted. The purpose of this post was to remind everyone that a series of seemingly small steps forward can make a bigger difference in a smaller amount of time than you might expect. + +I also appreciate the advice to check my "real" FICO score. I did that this morning and to my delight it was actually 667, so a couple points higher than my CK score :) + +I'm very humbled to hear that my story was inspirational to some of you, and wish everyone great success in the new year! +To start off, yes it is a generous salary but my question is really asking “are you rich if you earn this money?” + +Today I read that “Billions of dollars in tax relief for wealthy Australians is locked in regardless of who wins the next election, with federal Labor officially vowing to support the final stage of tax cuts after months of internal party debate.” + +I grew up in Western Sydney where incomes can be quite diverse. I had some friends whose parents were probably making 50k in unskilled work with other friends who had parents who did well with their own businesses (usually trades) bringing in 150k a year. + +My old man makes about 150k as a Tradie. I once heard my Aunty (who would make roughly 50k) talk about the “super rich” people who make over 100k and how they should be taxed more than 50 per cent to make things fairer. + +It seems like a lot of Australians believe 150k is Sydneys Noth Shore, a Porsche 911, holidays each year in France... + +When in reality is was an SS Commodore instead of an Omega, a ski boat, a holiday caravan in Forster and a brick house with with a pool in Campbelltowns “fancier” suburbs. + +So what are your thoughts? Feel free to challenge me on this one as I’m interested in seeing it from a different perspective. +Is it just me? I haven’t been able to stop cutting onions for hours. From DFV’s yolo, to everyone saying goodbye and see you on the moon on the ending WSB GME megathread, to DFV’s monkey hugging a kitty tweet, to his final surprise “cheers” in front of today’s closing price. + +What a fucking ride this has been so far, and continues to be. This has been a life changing experience. Most of us apes haven’t yet seen anything close to DFV gains, many are even taking losses at the moment. But we are participating in history. We are not only here to witness it, we are participating in it. Helping it. + +I think I’m just wound tight after months of this rollercoaster, but I’m feeling fucking profound. Months now of anticipation, excitement, thrills, disappointment, hopes, anger. Has to be mentally taxing on anyone, I would think? + +But I wouldn’t fucking change this experience for the world. It has changed ME. My feeling all choked up right now isn’t out of disappointment we haven’t squozed yet, or anger at the blatant market manipulation going on and the powers that be of our country blatantly turning a blind eye to it all (thought that’s certainly a thing). + +My overwhelming emotion is for you apes. This has been a feeling of comradery, of community, like I’ve never experienced. Ignoring the planted shills and fud, I feel like I’ve found a family here. I have seen acts of generosity on these subreddits, and support for other apes in need, or hurting, or afraid and unsure, that have genuinely moved me. I’ve laughed so fucking hard so many times at the somehow brilliantly retarded commentary here. I may have lost faith in the government and the absurdly rich, but I’ve gained faith in humanity in general. + +I see apes refusing to bow down for money, or from harassment and threats, to continue to do right by fellow apes. I’m sure there several out there right now who have been offered enough money to be set for a long while, who have refused to abandon the rest of us. + +Anyway, enough of my emotional tangent, just felt like I had to spew all this out in case I’m not the only one out there feeling this way. + +I love each and every one of you apes and you deserve all of the tendies. I know I will do my part to help ensure they reach the hands of those who need and better deserve them. + +Our fight ain’t over yet, I’m doubling down, QUADRUPLING down on my resolve to diamond hand as long as it fucking takes. + +CHEERS. 🍻 + +Edit: typos. Sure I missed more. Those fucking onions blurring my vision. + +Edit 2: thank you so incredibly much for all the awards and love. I truly wasn’t expecting that. Just wanted to vent and thought I might get a few responses if that. Never underestimate apes. 🦍 ❤️ +# 0. Preface + +**TLDR:** For the last 84 years, there has been hope on this sub that GameStop does a Share Recall and forces SHFs to close their short positions. However we learned that in 2003 the SEC and DTC made it impossible for companies to do Share Recalls of their stock, even when trying to protect themselves from naked shorting. Share Recalls are instead something that financial institutions can do, to recall shares lent to short sellers...however seemingly not an action likely to happen in the GameStop saga. + +Of course there is an "alternative" Share Recall happening, in the form of retail investors gradually DRSing their stock. This is something GameStop can encourage and report on from the side, but not something they can directly effect. However I have found evidence that companies such as GameStop are able to direct something akin to a Share Recall - a mandatory Share Surrender. This DD presents evidence and a very interesting, relatively recent precedent of a company taking such steps. If GameStop instigate such a Share Surrender in a manner similar to this precedent, my conjecture is that it could well lead to shorts being force closed very rapidly, and thus a path to MOASS. + +&#x200B; + +# 1. A history of Superstonk's understanding of what a 'Share Recall' actually means + +There has been much confusion since the inception of this sub (and its predecessors) about the subject of Share Recalls. There was a time (mid 2021) when many Apes believed it is possible for GameStop themselves to carry out a Share Recall, thereby forcing shorts to close their positions. The reason they had not done this, as the theory went at the time, was because actioning such a recall without a legitimate business reason would result in lawsuits against the company for market manipulation. However the conjecture was that GameStop was, nonetheless, putting together a business case that would allow them to carry out a Share Recall, and thereby launch MOASS. + +However, Apes then came to learn about SEC rule SR-DTC-2003-02. Coming into effect in 2003, this was a rule proposed in the aftermath of a number of companies attempting to action recalls of their shares, when they felt that Short Sellers were manipulating their stock and the DTC was not taking sufficient steps to prevent this. The rule was proposed by the DTC themselves, in effect to lock companies in as "prisoners" within the DTC as a depositary, preventing them from exiting. The basic argument from the DTC was that companies have no rights to decide what happens to their shares after selling them to the market. Sole ownership rights fall with whoever hodls the stock, and the issuer is therefore unable to carry out actions such as Share Recalls. + +[https://www.sec.gov/rules/sro/34-47978.htm](https://www.sec.gov/rules/sro/34-47978.htm) + +https://preview.redd.it/rv4anmxymdq91.jpg?width=1767&format=pjpg&auto=webp&s=2a6c027b191b19878d38e88bc4f5ffd05a35f316 + +The understanding of what Share Recalls are in reality then moved, correctly, to their usage by financial institutions. The most prevalent use of these is when the issuer of a stock carries out a corporate action of some kind, which makes it advantageous for stock lenders (e.g. asset management firms) to recall their shares from stock borrowers such as SHFs. Thus it was conjectured that by GameStop carrying out certain corporate actions, such as a stock dividend, lenders would recall their shares and thus force SHFs to have to close their short positions, and thus launch MOASS. An example of such conjecture is below: + +[https://www.reddit.com/r/Superstonk/comments/ttvawt/boom\_lenders\_must\_call\_back\_their\_lent\_out\_shares/](https://www.reddit.com/r/Superstonk/comments/ttvawt/boom_lenders_must_call_back_their_lent_out_shares/) + +https://preview.redd.it/hch58m15ndq91.jpg?width=1768&format=pjpg&auto=webp&s=533fcc7e0e64a36276b87b9ff683d1d5b0c1952a + +Of course what we saw happen in reality is the DTC instructing most institutions to simply carry out a standard stock split, meaning such a Share Recall had no benefit for lenders to action. I do not believe it was GameStop's intentions, with the announcement of the stock dividend, to force into being such Share Recalls. I believe they probably knew things would turn out the way they did over the last couple of months. However this whole sorry affair lends more weight to the idea that a stock issuer cannot take actions to force a Share Recall, given the DTC and nefarious actors can just circumvent these as they please. + +The most recent Share Recall method widely discussed on this sub, and currently in action on a daily basis, is of course DRS. The whole idea behind DRS is that it is a gradual Share Recall of stock from the DTC's clutches, eventually resulting in the complete removal of shares to being directly owned by retail shareholders and insiders. As someone who has 90% of their 741 GME shares held safely in my ComputerShare account, I am a firm believer in this individual shareholder led-Share Recall. It may not be an instantaneous 'Silver Bullet', but at some point (74.1% of the float? 100% of the float? 50.1% of shares issued? 100% of shares issued?) it is sure to result in something...big. + +[https://www.reddit.com/r/Superstonk/comments/wc56mr/drs\_is\_the\_share\_recall\_stop\_floating\_around\_a/](https://www.reddit.com/r/Superstonk/comments/wc56mr/drs_is_the_share_recall_stop_floating_around_a/) + +https://preview.redd.it/fvtc7ef9ndq91.jpg?width=1768&format=pjpg&auto=webp&s=3f4d031b506ad59d9a178972e271b0fdd3a3746e + +&#x200B; + +# 2. TNIB and a blueprint for a fast acting Share Surrender + +So the story of Share Recalls seemingly stops there, as we wait for the incremental and inevitable march towards the DRS share numbers encroaching, enveloping and eventually eviscerating those held in the DTC. The only power to effect such a Share Recall thus lies with the tens of thousands of individual shareholders, and a small number of company insiders whose shares are also held by ComputerShare. GameStop's involvement and ability to effect a Share Recall thus begins and ends with the "encouragement" of quarterly reporting DRS numbers, and nothing much else directly possible beyond that. Right? + +Maybe. Maybe not... I have come across some information that points towards them actually having a means to effect something similar to a Share Recall - a Share Surrender. The evidence I present for this is a past precedent, namely the actions taken up by a company called TNI BioTech Inc. in the period 2013-2015, which I will henceforth refer to as 'TNIB'. Credit for pointing me towards uncovering this is with u/weregoingstreaking, through some private exchanges I had with him/her. He/she was more interested in the resultant broker criminality which ensued from these eventw, however I became interested to learn what led to these issues in the first place. What jacked my tits was that the origination was TNIB ordering and then effecting a mandatory Share Surrender of their stock to their transfer agent. + +I believe this story may serve as a blueprint for GameStop also carrying out such an action in the future. If the mechanisms that TNIB pursued are still possible, it would therefore mean the company does also still have the power to effect a Share Surrender themselves. Consequently if my findings are correct, then it could mean that Share Recalls are possible through the actions of individual shareholders continuously DRSing their shares, but concurrently Share Surrenders are possible by GameStop carrying out similar actions to TNIB. + +&#x200B; + +# 3. Common stock certificates exchange in 2013 + +The story begins in the summer of 2013, with TNIB effecting a corporate action to resolve issues from various M&As they had carried out over the years. By then the company had shareholders still holding the paper common stock certificates of various bought-out firms - Galliano International Ltd. (CUISP: 363816109), Resorts Clubs International, Inc. (CUISPs: 761163-104 / 203 / 302), PH Environmental Inc. (CUISP: 69338E107) and the original TNI BioTech, Inc. (CUISP: 872608104). My guess is that there were enough shareholders with these paper certificates of the bought-out firms that still held records, to cause various kinds of issues. In order to resolve these problems, TNIB issued this press release detailing the corporate action: + +[https://www.prnewswire.com/news-releases/tni-biotech-inc-announces-mandatory-exchange-of-common-stock-certificates-cusip-number-872608104-for-new-stock-certificates-with-active-cusip-872608203-210588751.html](https://www.prnewswire.com/news-releases/tni-biotech-inc-announces-mandatory-exchange-of-common-stock-certificates-cusip-number-872608104-for-new-stock-certificates-with-active-cusip-872608203-210588751.html) + +https://preview.redd.it/x40mooafndq91.jpg?width=1768&format=pjpg&auto=webp&s=5a3f02074961e05ea965580b5678d53ca40267d8 + +There are three interesting points for me with this corporate action: + +• Firstly, it is aimed only at those shareholders holding the paper common stock certificates of the bought out companies.  + +• Hence this by no means affected the vast majority of shareholders and shares of TNIB, which presumably were in electronic format at street name brokers and the DTC.  + +• However the second interesting point was that the corporate action required those holding paper shares to mandatorily surrender these certificates and receive a replacement with the new CUISP.  + +•The third point is the method required to be used to do that, namely to send the certificates to their transfer agent, Direct Transfer LLC. + +The reason this initial corporate action piqued my interest is the fact that TNIB could take an approach, as a stock issuer, that mandatorily forced shareholders to surrender their shares. At first glance this appears to be in contravention of SEC rule SR-DTC-2003-02 detailed above, which prevents issuers from carrying out actions compelling stockholders to do anything. However looking more closely at the precise wording within the rule, it prevents the withdrawal of shares by the issuing companies...but not the replacement of shares with new or updated versions of those shares. Hence TNIB's corporate action was actually keeping within the wording of the rule, although in effect being a mini-Share Recall of some of their paper stock certificates. + +IMG + +&#x200B; + +# 4. Cytocom spin-off announcement in May 2014 + +Having successfully effected the above described mini-Share Recall in 2013, from what I can tell it emboldened TNIB to go one step further a year later. In May 2014, the company announced that they will carry out an internal reorganisation of their business lines, to officially spin-off one of their subsidiaries named Cytocom. Below is the press release issued by TNIB, which their board had determined would be in the best interests of thr company's shareholders: + +[https://www.biospace.com/article/releases/tni-biotech-announces-proposed-spin-off-of-b-cytocom-inc-b-/](https://www.biospace.com/article/releases/tni-biotech-announces-proposed-spin-off-of-b-cytocom-inc-b-/) + +https://preview.redd.it/x7lkcjwindq91.jpg?width=1590&format=pjpg&auto=webp&s=c85ce098a882160b9a64fccb605b4e80a1f3a53e + +Once again, there are some very interesting points to note with this corporate action: + +• To begin with, its result would be TNIB shareholders continuing to hold their shares of that company, and those equities still being publicly tradeable on the OTCQB market for mid-tier venture firms.  + +• However these same shareholders would also receive shares of Cytocom, which would operate as a spun-off private firm and thus with those shares not tradeable on an exchange. + +• Secondly, taking a cue from their corporate action the previous year, the press release announces that "mandatory surrender of existing TNIB shares will be required to receive shares of Cytocom through the Distribution". + +• So once more TNIB is effecting a corporate action that requires a mandatory action to take place + +• However you may have noticed that this action is to be carried out by all shareholders, not just those with paper common stock certificates, hence also including those held in electronic formats. + +• The third and final point to note is that, unlike the previous action, this press release does not give much detail to shareholders about how to mandatorily surrender their shares.  + +• There is no mention in this initial press release explaining how TNIB shareholders can go about doing that, such as contacting their transfer agent (which had changed, in fact, from Direct Transfer LLC to Guardian Register & Transfer Inc).  + +TNIB may have avoided providing the methodology detail because the approach they would go onto specify caused quite some commotion over that summer... Perhaps their board realised that a "bomb dropping" of this kind required releasing this information gradually and gently. However, as you will see in the next couple of parts of the story, what they went on to direct certainly caused some pain to brokers and no doubt SHFs. + +&#x200B; + +# 5. A Share Recall, literally on paper! + +The months following this, in the summer of 2014, seem to have been a busy one for TNIB and its various stakeholders. The detailed directive from TNIB about how shareholders must mandatorily surrender their shares, in order to receive the dividend distribution of their spin-off Cytocom's private stock, seems to have caused quite some commotion. Although the original record date for the distribution was due to take place on July 15th, these difficulties resulted in TNIB issuing an extension detailed here: + +[https://www.bloomberg.com/press-releases/2014-08-14/tni-biotech-inc-announces-an-extension-to-the-record-date-of-its-wholly-owned-subsidiary-cytocom-inc-and-dividend-now-set](https://www.bloomberg.com/press-releases/2014-08-14/tni-biotech-inc-announces-an-extension-to-the-record-date-of-its-wholly-owned-subsidiary-cytocom-inc-and-dividend-now-set) + +https://preview.redd.it/ujzx0zamndq91.jpg?width=1768&format=pjpg&auto=webp&s=d0ae69778f2168927472c235a9f8733c196b5b4c + +A summary of notable points from this announcement is as follows: + +• TNIB made the stock surrender a mandatory requirement for ALL shares, but they also specified that the surrender must be carried out in paper share certificate format. + +• Therefore they effectively turned off the button for making standard electronic transfers, and only permitted shareholders to send in the physical paper certificates to their transfer agent. + +• This meant that shareholders who did not have their shares in paper format, which would of course have meant the vast majority of them, first had to obtain or convert the digital record of their TNIB shares to the transfer agent. + +• The transfer agent would then provide paper share certificates for their TNIB shares, but along with that also provide paper share certificates for private spin-off Cytocom. + +• With the major amounts of paperwork this approach required, this was proving a difficult task for many of the shareholders and brokers to complete.  + +• TNIB therefore provided an extension to when this process had to be completed, extending the Record Date to receive the Cytocom stock dividend until 30th September. + +I do not know why TNIB decided to follow this method, which would no doubt have been extremely cumbersome for them and their transfer agent as well. However this second Share Surrender was in effect a full Share Recall of a kind, one that would allow TNIB and the transfer agent to see precisely how many shareholders they actually now had (i.e. including, potentially, those to whom the stock had been sold through naked short selling). It was also preventing the DTC and street name brokers from creating electronic IOUs instead of "real" shares, as the final delivery to shareholders had to be both TNIB and Cytocom paper share certificates. As detailed next, Wall Street was not prepared to do this without a fight... + +&#x200B; + +# 6. The Schwab e-mail and TNIB'S letter to shareholders + +You Apes are going to love this next part of the story! As I said in the previous section, the process that TNIB had mandated for distributing their spin-off Cytocom's stock was causing huge headaches for the brokers. Having gotten used to creating IOUs and synthetics out of thin air since the 1970s, the manual nature that TNIB was forcing them to follow did not go down very well with them at all. In communications to TNIB shareholders, it had appeared they had been blaming TNIB for not carrying out the steps in a timely manner.  + +This resulted in TNIB's CEO Noreen Griffin to publish a letter to the shareholders, one day before the 30th September Record Date for the stock dividend. Within the letter, Ms. Griffin defends and justifies the approach her company had taken, and dismisses broker claims and requests for a more "standard" process to be followed. However the best part is a (highly doxxing!) sharing of a complaint from one of the brokers, Schwab. If you read nothing else line-by-line within this DD, I would urge you to read the panicked, mansplaining, condescension of that e-mail from the Schwab representative to TNIB's Investor Relations manager: + +[https://www.prnewswire.com/news-releases/tni-biotech-inc-corporations-ceo-issues-letter-to-shareholders-discussing-cytocom-dividend-277484861.html#financial-modal](https://www.prnewswire.com/news-releases/tni-biotech-inc-corporations-ceo-issues-letter-to-shareholders-discussing-cytocom-dividend-277484861.html#financial-modal) + +https://preview.redd.it/l8j206wqndq91.jpg?width=1768&format=pjpg&auto=webp&s=96a71378e45bdd42f909b05cf729e34cb7870f08 + +A summary of Ms. Griffin's letter to the shareholders follows: + +• She acknowledges that TNIB had by then already streamlined the process significantly, by permitting the DTC's Deposit and Withdrawal at Custodian ("DWAC") service using a Fast Automated Securities Transfer Service ("FAST"). + +• This is a method of shares direct registration, which is similar to DRS but where it is still held by the DTC - more details available here:  + +[https://www.investopedia.com/terms/d/dwac.asp](https://www.investopedia.com/terms/d/dwac.asp) + +• TNIB allowed this concession from their original stipulation, so that "DTCC Participants \[brokerage firms\]" did not have to carry out "physical surrender in client name \[and instead\] providing Guardian Transfer a list of our beneficial holders along with share amounts, address & TINs". + +• However she completely dismisses the Schwab representative's request to switch further to the "standard" method used these days for such stock dividend issuances, and reiterates that the mandatory surrender of shares is still necessary + +• She goes on to highlight the ludicrousness of Schwab's claims, in which they appear to cast blame on TNIB for being unable to recall shares swiftly enough from those that had borrowed the stock i.e. most likely SHFs + +• The letter concluded with a doubling down of TNIB's stance, which is that brokers had been given ample time - 90 days - for shares to be recalled from short sellers and surrendered to the transfer agent + +However even more than Ms. Griffin's letter, it is the Schwab representative's e-mail which is quite astonishing to me in its brevity. He appears to openly admit that Schwab, and the entire Wall Street brokerage establishment, partakes in the worst excesses outed by members of this sub over the last couple of years as a normal course of their business operations. In fact, there is a particular passage within his e-mail which is basically describing FTDs caused by multiple rehypothecations of the same original share i.e. illegal naked short selling: + +&#x200B; + +https://preview.redd.it/v00gnvrtndq91.jpg?width=1768&format=pjpg&auto=webp&s=3d8e1c9638c481a985912589e6272148e7bc7da5 + +I do not think the Schwab representative thought his e-mail would see the light of day, and it appears to me like a last ditch 'Hail Mary' play with time running out. He therefore probably tried to just say to TNIB that this is how the industry operates and that the company has to get with it...but had his bluff called by TNIB. CEO Griffin went so far as to doxx and then point-by-point dismiss and highlight the absurdness of Schwab trying to normalise FTDs, which was no doubt a humiliating final message to Wall Street from TNIB: "We are doing this our way, whatever you guys might say to try and pressurise us". What a champion! + +&#x200B; + +# 7. Aftermath of the Share Surrender and dividend stock distribution  + +• The period between the announcement of the Cytocom spin-off stock dividend distribution and its eventual completion saw some extraordinary movement in the share price of TNIB stock. + +• That time span was five months and the volatility of the share price indicates there may have been closing, re-shorting and closing again of short positions. + +• For example, the share price fell to an intra-day low of $162.90 on 11th July, however then increased rapidly to $435.00 only two trading days later on 15th July (+167%). + +• In fact, it appears there may have been four or five seperate Gamma Squeezes and Short Squeezes during the period before the Cytocom stock dividend spin out distribution. + +• It seems likely the mandatory surrender of shares necessitated by TNIB's corporate action was responsible for this painful episode for short sellers and their enabling brokers. + +• Having successfully completed the Cytocom spin-out on 1st October 2014, Ms. Griffin stepped down as CEO and Chairman of TNIB and retired for a few years. + +• However according to her LinkedIn profile ([https://www.linkedin.com/in/noreen-griffin-74893b37](https://www.linkedin.com/in/noreen-griffin-74893b37)) she now appears to be back as an Executive VP at Cytocom, the company she helped launch in that summer of 2014. + +&#x200B; + +# 8. A possible blueprint for GameStop Corp.? + +As far as I can tell, TNIB's mandatory Stock Surrender corporate action is an approach that other companies are potentially also able to effect, as it falls within SEC's rule SR-DTC-2003-02. For firms that have likely had excessive naked short selling of their stock, such as GameStop, it appears to be a way to effect mandatory closing of short positions. By doing so, companies such as these may be able to create scenarios whereby accurate price discovery for their stock is made possible once more. As this is a fiduciary duty for the board of any publicly listed firm, such Stock Surrenders may thus be a method to create shareholder value. + +Some specific points in the case of GameStop carrying out such a corporate action: + +• The legitimacy of such an action is dependent on it not affecting market manipulation, but instead having a sound business case. + +• In TNIB's case this was in order to consolidate paper stock certificates under a single CUISP (in 2013) and to distribute a share dividend of a private spin-off company (in 2014). + +• As an example, GameStop could legitimately spin-off its NFT division and Marketplace as a seperate entity from the bricks-and-mortar retail chain (GMErica, anyone?) + +• To do so, they may be able to replicate TNIB's approach of requiring a mandatory Share Surrender, in order to receive the stock dividend of the new spin-off company. + +• The whole point of such a Share Surrender is to force all those who hold the stock to "return" shares to the company's transfer agent, so that they can issue the stock dividend directly to share holders. + +• This is in conrast to GameStop's stock split in the form of a stock dividend carried out in July, which was to distribute the additional shares not just directly through ComputerShare, but also through intermediaries such as the DTC and their member brokerage firms. + +• The 'genius' of the approach TNIB took was that they made it a mandatory requirement that all shares had to first be returned to their transfer agent in order to receive the stock dividend, including by forcing brokerage firms to send a full list of all their TNIB shareholders and share numbers. + +• GameStop carrying out this same approach would most likely result in the DTC and brokers having a "Schwab moment", when realising that providing their actual list would mean providing comprehensive proof of them illegally over-selling shares without locates. + +• Hence in order to reconcile their shareholders lists to match how many are on record at the DTC, which theoretically should not include sales of IOUs/synthetics, my conjecture is that brokers with stock lending programs would have no choice but to recall shares lent to short sellers. + +• However with the free float having shrunk to almost nothing through DRS, and all the stock lending brokers forced to act en masse to recall shares to fulfill the mandatory Share Surrender, there will be no possibility to cover these by borrowing new shares from other lending institutions (as there will no longer be anyone prepared to or even able to lend the stock). + +• Hence my conjecture is that the various parties on the wrong side of all this - prime brokers, stock lending asset managers, retail brokerage firms, and of course Short Hedge Funds - will suddenly have to go from their current stance of co-operating with each other to keep MOASS at bay, to instead be fighting each other tooth-and-nail in order to carry out the Share Surrender. + +• With the currently available option of using new borrows to settle old ones no longer an option, the only remaining approach will then become purchasing (or, at least, trying to purchase) shares in the open market. + +• Perhaps after burning through a few shares sold by early paperhands, it will become increasingly difficult to carry out such purchases at reasonable prices, resulting in the asking prices to rise astronomically as SHFs attempt to close out likely hundreds of millions of short positions. + +• The result of such a Share Surrender corporate action by GameStop could very well be as prophesied on this and predecessor subs from 84 years ago: the Mother Of All Short Squeezes. + +&#x200B; + +# 9. A possible blueprint for $GME's majority owners - soon to be Insiders and DRSed Retail Investors? + +What I described in the previous section is currently a fantasy - there is nothing to say that GameStop would effect such a Share Surrender any time in the near future. Although it seems to me this is an approach they could legitimately and legally take, I have not been able to uncover a shred of evidence pointing to them actually planning such an approach. Maybe this is what the board has had in the works for the last couple of years...but maybe it's just my hopium. + +However our shareholder rights provides each of us with a number of benefits and privileges. Specifically these are: voting power, ownership, the right to transfer ownership, dividends, the right to inspect corporate documents, the right to sue for wrongful acts, and the right to advocate Shareholder Proposals. Some of you may remember a two-part DD that I published less than a month ago about the last of these rights - Shareholder Proposals using SEC Rule 14a-8: + +Part 1: [https://www.reddit.com/r/Superstonk/comments/x29utb/how\_rule\_14a8\_and\_drsing\_more\_than\_50\_of\_shares/](https://www.reddit.com/r/Superstonk/comments/x29utb/how_rule_14a8_and_drsing_more_than_50_of_shares/) + +Part 2: [https://www.reddit.com/r/Superstonk/comments/x29ull/how\_rule\_14a8\_and\_drsing\_more\_than\_50\_of\_shares/](https://www.reddit.com/r/Superstonk/comments/x29ull/how_rule_14a8_and_drsing_more_than_50_of_shares/) + +https://preview.redd.it/wd8h5fgzndq91.jpg?width=1590&format=pjpg&auto=webp&s=6027a1176f4616c053c5b20c972018bcaf118c70 + +This DD was controversial, in that it details a method whereby individual shareholders could take steps to compel GameStop to effect a corporate action. I recognise that DD had a somewhat polarising reception, but I merely wanted to highlight that there are things that each of us has, as individual shareholders who bought $GME shares, have rights to. u/luckeeelooo makes this case with the below follow-up comment about that DD, in response to concerns raised by some other sub users (to Mods) about it: + +https://preview.redd.it/r2otiph4odq91.jpg?width=1623&format=pjpg&auto=webp&s=02e80ae6bd3386162acb2d8682d83ee89cc1be62 + +The reason I bring up that DD is because a Share Surrender is an example of a corporate action that an individual investor can raise as a Shareholder Proposal. Hence even if GameStop's board is not currently planning to take such an approach, this is nonetheless an method they could be compelled to follow. That is, if an individual shareholder makes such a Shareholder Proposal, and a majority of the overall shareholder body votes positively in support of it.  + +Note that this is not something I am necessarily advocating, as a "call to arms". However for any SHF shills reading this, I hope you take this message back to your masters: there are multiple approaches in addition to DRS that both GameStop and individual investors can employ, in order to force close short positions. So before someone, somewhere enacts a Share Surrender, do the sensible thing and exit your lost bet. The first Hedgies to close out might still survive, while the rest of the slower Hedgies...r fuk. + +&#x200B; + +# 10. Summary + +• Superstonk went through several iterations of its understanding of what a Share Recall actually is, + +• At first it was thought this is something that GameStop can themselves instigate, in order to force Short Sellers to close their positions. + +• However it was learned that the DTC, working in cahoots with the SEC, has blocked such a path by companies since 2003. + +• The common usage of the term Share Recalls, it was found, is the act by stock lenders to recall shares from borrowers, typically Short Sellers. + +• Although corporate actions such as stock dividends can produce such Share Recalls, it appears these can be circumvented through the DTC and brokers simply not carrying out corporate actions in the manner directed by issuing companies. + +• Finally, it has since been realised that retail investors DRSing their holdings is, in fact, a gradual form of Share Recall which may take a while, but highly likely to result in SHFs having to eventually close their positions. + +• However I found evidence and a precedent for a corporate action that GameStop can themselves action, which may also force SHFs to close their positions much faster. + +• This is something called a Share Surrender, which a company called TNI BioTech (then with the ticker TNIB, and now IMUN) successfully effected twice, in 2013 and 2014. + +• A Share Surrender appears to be within the SEC's regulations and comply also with the DTC's internal rules, as this is not an act of a stock issuing company attempting to withdraw its shares being held by the DTC. + +• Instead it is a corporate action to reset or consolidate its stock, rather than to withdraw from the DTC altogether, and thus not a withdrawal request to the DTC. + +• The first instance that TNIB took of this approach was in 2013, in order to make defunct the paper stock certificates of subsidiaries it had bought out over the years. + +• The DTC permitted TNIB to make a mandatory call for Share Surrenders of these paper certificates, to be exchanged for new certificates under a single CUISP number. + +• Having being emboldened by the success of this initial, limited scale Share Surrender in 2013, TNIB went onto enact a much wider reaching directive not long after. + +• In 2014 they decided to spin out a subsidiary named Cytocom as a private firm, with the distribution of this new entity's shares being distributed through a stock dividend. + +• However TNIB required a mandatory Share Surrender of TNIB stock, in paper certificate format, in order to receive the new Cytocom stock. + +• Effectively this was thus also a full Share Recall, as all TNIB shared had to be returned to the transfer agent in paper certificate format, to receive paper certificates of the new Cytocom shares. + +• The effect was consternation and panic by Wall Street brokers, and no doubt SHFs to whom they had lent shares, when trying to carry out this mandatorily Share Surrender. + +• TNIB eventually agreed to an extension to the deadline for carrying this out, and also permitted a DTC-internalised version of DRS, but which would still mandatorily require brokers to provide a full and comprehensive list of all theit TNIB shareholders. + +• TNIB's CEO was forced to write a public letter to shareholders, defending their stance and even sharing an extraordinary e-mail received from Schwab, in which they tried to normalise naked short selling and FTDs as a reason to revert to a "normal" dividend stock distribution. + +• With no option but to fulfil the mandatory Share Surrender, it appears brokers had no choice but to carry out Share Recalls from SHFs they had lent the stock to. + +• The result seems to be a series of Gamma Squeezes and Short Squeezes during the summer of 2014, including some extraordinary price action e.g. +167% in 2 days. + +• My conjecture is that if the mechanism used by TNIB to force a Share Surrender is still possible, it could be one employed by GameStop's board, to help fulfill their fiduciary duty of promoting accurate price discovery of $GME stock. + +• There may be multiple legitimate business cases for which they could apply a Stock Surrender, however the one I provided as an example is in order to spin-off a subsidiary named GMErica (e.g. as a seperate entity for their NFT division and Marketplace). + +• In any case, a Share Surrender appears to be a mechanism for GameStop themselves to instigate (effectively) a very fast acting Share Recall, to complement the more gradual Share Recall of individual retail shareholders DRSing. + +• As I have also highlighted with one of my previous DDs, regarding SEC Rule 14a-8, such a Share Surrender may even be within the power of a single Ape to make a Shareholder Proposal for at some point. +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! + +29 years old and I have a little over $35,000 invested in my RothIRA, and it feels great to be on pace to hit (or come very close to) the $1,000 mark in annual dividends by the end of 2021. I'm currently holding a total of 20 stocks and ETFs with only 3 that do not pay dividends at the moment (DIS,EADSY,DAL). These are my 10 largest dividend holdings shown as a percentage of my entire portfolio: + +MSFT-15%, VTI-11.4%, AAPL-10.3%, O-8.6%, HD-7.8%, RTX-5.9%, T-4.5%, KO-4%, JNJ-3.6%, PNW-3.3% + +My current \~2.7% dividend yield is nothing earth shattering, but by DRIPing and continuing to invest in companies/ETFs that I feel confident about, I am finally starting to see the power of compounding growth. My goal is to stay the course for another 20+ years so that I can eventually treat dividend returns as annual income while not withdrawing any of the principle. + +Would love to hear any thoughts or anecdotes about your personal investment strategies, any dividend stocks that you recommend I look into, or any advice on reallocating my current holding percentages. +Without going into too many details: + +* I have / will have 20-30K saved up. +* I may not have any more, or very little, income coming in for the rest of my life, or for 1-3 years. +* Even if I do have money coming in, I need this money available at a moment's notice (health issues are very real and expensive) + +&#x200B; + +The alternative is just living off this money until it runs out, and having it sit interest-less as I go through it. + +&#x200B; + +What's the best way to make this last? The first things that come to my mind are to invest it in various stock options (but from what I've seen, the reliable ones require various commitments / are not available to withdraw at a moment's notice); investing in a house (but where I need to live, renting actually seems to be the better financial choice); looking for a high yield savings account (same problem with commitments, and also rates seem to barely account for inflation--am I missing something?--but this seems like maybe the best solution nonetheless); or doing something much more drastic (investing in some sort of business; relocating--but relocation is limited or impossible due to disability). Any advice? I'm exceptional at saving and have excellent credit, but that's about it. Standard advice doesn't work. Want to plan for the worst while hoping for the best. +I got an email from my employer that told me to add them to my auto insurance without any explanation as to why. I drive my own personal vehicle, not a company car, and it seems weird for them to be asking this and I don’t feel comfortable. Does anyone know why an employer would be asking this? + [https://www.cnn.com/2019/05/31/success/feel-wealthy/?utm\_source=ADA\_Optimizely&utm\_campaign=horizontalstripbiztest&hpt=ob\_blogfooterold](https://www.cnn.com/2019/05/31/success/feel-wealthy/?utm_source=ADA_Optimizely&utm_campaign=horizontalstripbiztest&hpt=ob_blogfooterold) + +This article did better at capturing our collective sentiments than most have. They went through the math of how much you could spend with a 3% SWR on $2.26M, and interviewed several people with different NW's and different ways of getting there. + +To me, the fact that CNN is doing an article like this makes me think we might be a lot more mainstream than before. I would like to see more from them on this, maybe even a recurring segment with different financial tips. Would be cool if they did a long term "ride along" with someone on their path to FIRE. + +Our personal goal to RE is a bit higher than $2M, closer to $4M, but curious what others have to say. +There are a lot of newbies entering the space. There are many reasons this is great news, but I've also noticed that the quality of posts and discussion about bitcoin has plummeted. We really aren't having the important discussions with nearly the frequency that we should. + +Now I know some of you won't like me saying this, but it really does need to be said. Someone needs to be realistic with our new friends and give them the bad news and tell them the things they don't want to hear. So here goes. + +I feel that we're due for a correction, and I really don't think we've even gotten started. I've been around this rodeo a few times and it always -feels- different in the moment, but in reality it's mostly cyclical. In 2017/2018 we saw a months long sell off after the run up to 20k that saw Bitcoin fall to 4k. That's more than 75% in the red from the preceeding ATH. Refer to this figure later. + +I think we're going to see a few -15%'s, maybe even a -20% or -30% before we're really back in bear territory. When it comes I expect the new crowd to go through the same things I and many others went through when we were the new kids. + +Weak hands will get shaken out. People getting way over leveraged/exposed and taking out credit to buy BTC are going to be burned hard and maybe leave the space forever. Some will risk it all and put their house on the line, and nearly all of those will lose their home. People will buy into BTC expecting their investments to double overnight, everynight. + +This shit happens every time. The vets come in to tell the new guys not to panic, or not get into serious debt chasing the bull run, and we get ignored. People will tell us we're trying to short, or how we might be causing this guy to miss out on SICK GAINZ by telling him not to take a second mortgage out to buy BTC. In reality, most of us really do care about the space, and want to see it grow. It hurt me every time I read about someone blowing years of their life away trying to chase the dragon at the end of the bull run. It hurts me more now to see it happening again, and the same arguments getting thrown about as justification for being reckless with their finances. + +Refer back to that -75% figure I dropped before. Would you rather that be the value of your house? Or would you rather it be the money you saved over time to buy ₿ responsibly? I made my own mistakes too, thankfully not with my house or something else vital to me, but mistakes nonetheless that put me in severe debt when I tried to chase BTC back in 2013. I only just now climbed out of that hole. (I literally made the last payment before posting this) + +Bottom line is that BTC unfortunately attracts the get rich quick types, and when shit hits the fan they are NOT happy. They will panic sell to stop the bleeding. If you gamble your life savings on Bitcoin while it's at ATH because of FOMO, it's going to really hurt. + +The harsh truth of it is, if bitcoin is going gangbusters and you don't already own your position, you're too late for the bull run. Your best bet is to accumulate over time, so that in four years when we're looking at this situation again you can be the guy making five figures in his sleep, and making posts like these telling the new guys to have a longer term view. + +I dunno, I just don't want to see people FOMO themselves into crippling debt like I did, and have heard so many horror stories about. It's the beginning of a very wild ride over the next couple of months. + +EDIT: With this getting a lot more attention than I thought it would, I'd like to just say thank you to everyone for even giving this the time of day. I was initially replying to another comment on a different thread and the whole thing got a little long winded, leading me to just post this here instead. + +I just wanted to clarify a few things that I feel got left out or that I missed the mark on: + +1. I am very bullish. I do not believe we're crashing imminently, but rather wanted to caution those getting sweaty palms of what could happen should they get too emotional and overextend while we're in uncharted territory. + +2. I don't think we're going to follow a picture prefect pattern of the previous bull runs. The price is entirely unpredictable, and if one could tell you with any certainty what the price or market sentiment would be at any given time they would have to be a time traveler. + +3. It is never too late to get into BTC. But you should temper your expectations when you're a late entry to the cycle. The 10x gains come later when you've held through a full cycle. +I sold my ADA a few days ago because I feel once smart contracts are live price will correct in a big way until there's an actual ecosystem and value in the network. + +It's hard for me to conceive the 90 billions dollar market cap with no real usage right, just a promise. + +I will definitely consider buying again in the future, so it's not an ADA hate post or anything like that. + +What are your thoughts or strategy around ADA? +just wanted to share to anyone because I have no one I can share to. Fatfire is my goal! ever since I found out about it at 18, I've been working hard at gaining money to increase my net worth so one day I don't have to depend on work to live. At 19, I now have a 50k portfolio making around $600 on dividends annually, am debt free so far, and a 760 FICO score. Just some metrics that I think I'm doing well in. Definitely not anywhere close but I'll keep working hard until I can build up my portfolio and retire. + +&#x200B; + +edit : thanks for all the kind comments everyone :D + +edit2 : By request, I'll be posting my investments and where I store cash! + +1% - crypto ; btc, eth, doge. ( just kind of play money, im up on it so idc but i just tossed it in for shits and giggles and it grew a good amount. ) + +\- My thesis on crypto is yes, I do think it will become something amazing during my lifetime. When? not sure, also I don't have nearly enough knowledge and time to study the investment so i put most of it in ETH just because I like how much more useful it is compared to btc. + +1% - HYSA ; saving for a computer and vacation, money is just sitting there waiting for me to use it + +98% - stocks ; VTI, BRK.B, AAPL, VGT, VUG, SBUX, MSFT, FB, CSCO, INTC, JPM, JWS, ATCO, STWD, AFI, C, LMT, QDEL, EGFEY. no particular order +Just wanted to share this because it makes me happy. + +3 months ago I asked Reddit for advice because for the first time in my life I had savings thanks to the stimulus check. I'm very poor, I live on about $13k/year, so the stimulus check felt like I had won the lottery. Anyway, people on r/personalfinance told me that I should try and get my GED, that I write well so I had a chance to succeed. I ran away from home at 15 and dropped out of school so that wasn't even on my radar anymore, but I decided to accept the challenge. + +So I went to the library (that's where I spend most of my free time) and a librarian helped me find some free online GED-like tests. I tried and it wasn't as difficult as I had anticipated, so I decided to study for a few weeks and then go for the real thing. A lady at church insisted on paying for the tests in exchange for something I did for her so I didn't even have to worry about that. + +I took the tests, it was a leap of faith but it worked!!! I succeeded at my first attempt. I know it's not much but I feel proud of myself. Now my employment situation hasn't changed and I'm still dirt poor, but hopefully having my GED is the first step towards a better job and higher income. Maybe I could try and attend community college? Not sure if it's going to work but at least it's good to succeed at something once in a while! +Over the years I’ve seen many posts about feeling ungrounded and/or lost after firing. I wanted to share my experience with this process, perhaps it could be helpful. This process reflects who I am as a person, YMMV. One thing I can say is meditation can be helpful to anyone. +&nbsp; + +I don’t have children and I fired in my late forties. I am in a long-term relationship. My circumstances were in place before we met. He is pursuing his own career goals and hopefully will be able to fire in about a decade. +&nbsp; + +My timeline after firing went like this: +&nbsp; + + +Holy shit, what the fuck am I supposed to do? This is so weird. I better do something. I wander the house, I shop (a lot), I go to dinner with my fancy friends. + + + +People I trust give me feedback: Calm down, take your time, nothing has to happen right away. + + +I calm down. I start to really enjoy being able to take my time with whatever the fuck I want. I see a pretty sunset? I pull over and watch it. My dog is being particularly affectionate? I take as long as I want to pet her. Have an idea for meme to post to reddit? I go for it. After feeling rushed and like I never had enough time for things for years, I start taking my time. + + +I also start to travel more. I visit Yellowstone and go up a mountain on a whim. I also start distance running. I get a trampoline because I want to jump on one. I basically indulge all my exploratory urges. I self-assign a photography project and actually get two photos in a gallery show. One now hangs in city hall! Exciting. I plan a lot more trips and really feel like I am on my way to a fulfilling retirement. +&nbsp; + +COVID arrives. +&nbsp; + + + +I start to feel pretty aimless and panicked again. All my travel plans are set aside (as are everyone else’s). Then I get a hamstring injury right at the beginning of quarantine and all my running goals get put on hold. I can’t run at all and I am devastated. If you do sports, you understand. I went from having this amazing year with a bunch of trips and a couple of road races to nothing. I start to get very depressed. +&nbsp; + + +I google, “How to give your life meaning.” The results are a bunch of stupid, vague aphorisms. I keep searching. +&nbsp; + + +I have the meditation app Insight Timer. This app has some great courses that have really helped me over the years. I find Laurie Chaiken’s, “Mindful Steps to a Meaningful Life.” She has you imagine your most important/joyful life moments and rank them. All of mine involve nature - scuba, snorkel, rock climbing, hiking up a mountain. This is funny because I’ve always lived in big cities and not prioritized trips to nature. I did enjoy the nature I encountered, but I did not seek it out as the primary purpose of my activities. When I finished this course, it was very clear what gave me the most joy in life. None of my life highlights involved dinners out, shopping or hanging out with my rich friends in the city - basically the bulk of my activities at the time. The process she has you go through is more complex than what I am sharing here. I would recommend trying it yourself. +&nbsp; + + +The other process I went through I did on my own via meditation. I sat and thought about my values as a person. Basically who am I and what is most important to me in regards to principles? I think the Laurie Chaiken course prompted this and gave me a template for exploration. I came up with three values of mine that are unwavering. Values that have been clearly demonstrated from my actions in the past and also what drove decisions that really improved my life. From this point on, my decisions are made with these three things in mind. When I am feeling lost or uncertain, I think about taking actions shaped by these concepts. +&nbsp; + + +For those that are curious, my guiding principles are: +&nbsp; + + +Be as authentic as possible. This covers a million things for me and determines much of my personal growth. Don’t be a people pleaser, be as present as possible so I can make honest decisions, try out things that I find interesting even if it’s ridiculous. For me, this principle involves a lot of action regarding self-awareness. It can be small or big - do I really want to go to this restaurant? Is this really the right friendship for me? I ended up culling my friend circle as a result of this principle which was tough but necessary. +Leave it better than you found it. This can relate to people, places and situations. I’ve always tried to have a service commitment and this was a pretty easy value to identify. +Participate in life. I’m sure like a lot of people in this sub, I have a high need for control. This principle plays itself out as saying yes to things I wouldn’t normally do or pushing me to get past fears and try something scary. If I’m on the fence about something, I think about this principle and it usually lets me know if I should move forward. I am in the best possible position a human being can be in - I am healthy, I have resources, I have freedom. It is imperative that I maximize this situation. It would be tragic not to. +&nbsp; + + +These are my personal principles. Yours will be different. I am sharing something personal, please be kind. Also, if your values are get laid as much as possible or amass a pile of gold bricks, then go for it. I would say the only caveat for going through this process is don’t hurt others in your pursuit of happiness. The goal of all of this is to find out who you really are and maximize that through your resources. +&nbsp; + + + +What my life looks like as a result of these explorations: +&nbsp; + + +My partner and I made a decision to be closer to nature and relocated during the pandemic. I am running again (after an 18 month rehab) and have a couple races on the schedule. I had some big travel plans but as you all know, it’s touch and go with COVID so I’m not counting on anything. I’m taking smaller domestic trips again and that will suffice for now. I’m also planning the “trip of a lifetime” with some girlfriends for my 50th. I will get to spend time with women who have been there for me throughout my entire life and we will be doing it in a place that is on all of our bucket lists. After I finish proof-reading this post, I am going for a run in a protected wildlife area. That is everything to me. I do visit the city every so often and wear my fancy clothes and eat my fancy dinners, but that is no longer my default setting. +&nbsp; + + +I’ve always tried to have a service commitment of some kind for most of my adult life. I was a Big Sister for years and then I did a program called GAL where you are a representative in court for children who are currently in the system. I did this before fire and will do it for the rest of my life. Even though these experiences may be difficult at the time (several of my kids and families were incredibly challenging), in the long run they pay dividends on my mental health and well-being. + +I also have structured annual donations and work closely with another group where my contribution is financial and intellectual. I like having both kinds of commitments. They each scratch something different. + +&nbsp; + + +I continue to self-assign creative projects. It doesn’t matter what the end result is, I just like doing it. One of my previous lives involved photography and so that’s usually what I do. I recently finished a design course after moving and decorated the house myself. It was really fun. Will I become a designer? Nope. But I know a lot more about design and don’t feel so lost when making choices. I’ll also be more knowledgeable when we eventually build our dream home. +&nbsp; + + +Finally, I bake a lot. I was a sourdough nerd pre-pandemic and I think I have perfected a decent protein oatmeal cookie. One that tastes good and is actually good macros. +&nbsp; + + +Thanks for taking the time to read about my journey. +&nbsp; + + +TLDR: +Was lost, meditated a lot, figured out what I value most experientially and emotionally, took action to fill my life with those values. +Management is a big factor for any company and one I often push in any DD more than most other stuff, largely because it is easy to assess and is not dependant on outside factors like revenue or earnings may be. A company with good or great management can result in the company heading in the right direction long term, whereas bad management may be able to force the share price up short term but eventually it will come back down once the market realises the management has issues. Now I wasn’t sure how to structure this, so I am cheating a little bit by taking some of Investopedia’s ideas and then using some of my own to split up the management types. + +**What happen in the .com bubble of the 90’s?** + +First let’s look at bad management as that’s probably the easiest. Share price is the first thing which people may think of when looking at management, after all the job of management is to create more value for the shareholders which in turn means the share price should go up…right? However, this is a major issue for management companies. + +If we look at the late 90’s management teams, particularly in tech and investment funds were pressured to come up with the next big thing or idea and to get the stock flying within 1-3months or they would be out of a job. Whether the management believed in the idea they were about to execute or if they thought it was sustainable long term didn’t matter, the markets were flying, and companies were expected to follow suit. This led to finance companies investing in any tech company that could code the word tech and tech companies throwing any fancy tech they had whether it was any good or not out to investors in order to get the share price going and act as the next big thing. + +We all know how this ended, but my point is this is an example of issue where management are forced to perform for shareholders and its not always good. I would argue to a smaller extent its similar today with the retail investing, quite often you see even here on reddit people asking when the next announcement, which just promotes quantity over quality and is not something you want in a company. + +**Do management understand their own company?** + +The next major flaw of bad management is not knowing how the company is going, I thought of this with the COVID drama. First let’s look at the cap raisings which a large amount of ASX200 companies did in early 2020, this was because it was better to be safe than sorry. Investors would rather be told straight up, hey we might struggle, and we are lacking in funds, so we are doing a cap raising, rather than be told we are doing fine and then later find out management were lying, and the company goes to shit. + +The first example where this went wrong is the big 4 banks, as we now know COVID has led to governments using the strategy of throwing money at the issue to fix it, which so far has worked. The problem for the banks is the capital they raised, now no longer is needed as a safety net as they feel it is under control and they don’t need to panic, but as we come back to our first point investors want them to use it and to do something. If they sit on the cash investors will complain because it’s generating no returns in the short run and they want results! Hence why ANZ and NAB have announced share buy backs, its not because the shares are necessarily undervalued (I don’t think they are but that’s not the point), its because they have excess cash which they need to use either through a special dividend or share buy backs. This is also why you see so many special dividends this year and a cut on dividends last year, investors as we mention in the first paragraph want results! + +So ANZ and NAB have excess cash and need to use it but that’s not a major negative, as mentioned its better to be too cautious than have no clue and be wrong…which is exactly what happen with APX. APX, I did a DD after their results when they were at $36, I said they were overvalued and trading at some stupid P/E (I think it was around 170-180) and that I didn’t see how you could justify it with their poor results. Well, the stock ended up shitting the bed as we now know, but something which doesn’t get mentioned enough is how bad management did during this period and how they have had no repercussions. At the start of COVID when companies were doing cap raises and APT was falling down to $10 a share, APX said we aren’t affected by COVID, our employees can work from home, and we are heavily online which means the physical restrictions are not a major issue. Funnily enough Afterpay put out the same announcement essentially, and we know how that turned out too. APX’s results came out and they did horrendous, and they blamed it on clients saving capital and not wanting to spend on things like relevance and they were struggling to get new customers. If like many companies they refused to give guidance and said we expect some issues but are unsure I doubt the share price would be as low as it currently is, I for one love their businesses but hate management and for that sole reason have refused to touch them. You may say A2M is another example, but I wouldn’t put them in the same basket as they just put all their eggs in China which backfired, their strategy was clear and the execution was fine, but COVID just destroyed them and although management didn’t have a good strategy in hindsight, before COVID it was working great. + +**How long have management been involved in the company?** + +Next is how long management has been in the company, particularly the CEO! The biggest example I can think of is Elders and one that’s worth studying if you want a simple, yet effective understanding of a companies plans and how they turned around. Elders used to be diversified in anything they could from financials, real estate, forestry, and agriculture…basically they had their hands in every cookie jar they could reach. The issue was once the GFC hit they realised they were going to go bankrupt if they didn’t sort their shit out and hence, they sold off some businesses and are now heavily focused on agriculture but still with some diversification which I don’t like but yeah. In 2014 they had a new CEO come in and shortly after their 8-point plan came in, which is a very long-term plan on how to revitalise the company. As of 2016 the share price started recovering and they have done great since, a perfect example of how long-term management with a long-term vision can make a company, presuming they focus the right way. I learnt this by researching elders and reading annual reports, it doesn’t take any skills, it just takes time and a lot of reading which is something too many people will do for buying a new fridge but not new stocks. More examples are MQG and WES if you want to do some research. + +This isn’t a shit on management who have just come in, but what I’m saying is it’s a lot easier to judge good or bad management if you can judge how long they have been in for. An example of bad management which has constantly changed is SLC which I have a DD on. Since Slattery left as CEO, they are onto their third CEO in 6 years, and surprise surprise each one has a different strategy, but neither are leaving the company profitable or in a better shape than when they started. Once again this takes no skill to learn, just a lot of reading and time. You obviously can’t just say new management is good or bad, but constant changes are not a good sign just like a CEO who has been there a while is most likely a good sign. + +**Remuneration reports 101** + +Next is pay! This is one where most recently I did the DD on Mad Paws and quite a few people correctly noticed that the company is sinking yet management are paying themselves quite nicely, now its nothing great but it’s certainly more than the company can afford. The remuneration report is within a company’s annual report and all you need to do is scroll down and see how much the company is paying its directors in total for the year and compare it to last year. + +To give specific examples, if we look at the COVID impact over the past 2 years you will notice businesses struggled and some management teams forfeited their performance right bonuses and took a pay cut as a way to say to investors “see we are doing good”. While you had some management teams which didn’t take a pay cut at all or took a really small pay cut and are doing great. An easy way to check this is to scroll back to their 2019 annual report, go down and see how much the CEO/directors total pay and compare it to 2021, then compare this to revenue and earnings growth. If management pay has gone up 20% but their earnings are only 5% higher than 2019, then do they really deserve that extra 20%. Now this isn’t a sole reason why I wouldn’t buy a company, but it would make me a bit more cautious about investing in them. + +**Can you understand the strategy and outlook?** + +Next is strategy which I mentioned briefly with Elders who I still think have one of the best in terms of how easy it is to understand, measure and explain to someone. If you read your companies annual report or presentation and don’t understand the strategy for the next 1-5 years, then why invest in them? I got caught by this mistake with NXT and even though the share price is flying again, its one where I didn’t understand fully the cost and how hard it would be to grow over the long term. Its easy to say oh I bought this company because they made more money and the stock is going up, but if you can’t say what they are doing to keep improving then how do you know the numbers will keep improving? + +A good example of this is IPH, which I bought and sold in the mock for a 19.91% gain over only a couple months, why? Well, they’re a patent company, so when companies apply for patents in secondary markets like Singapore or Australia, they go through them. The issue they had is 2020 saw a lack of patents due to lockdowns and people not starting up businesses but they said it was short term and explained their outlook and how they intend to grow. I skim read a couple annual reports and management seemed accurate, so I added them, no complex worries about numbers or some fancy tech business, really as boring as it gets. But they were easy to understand, and their strategy was simple and presuming the strategy was followed I thought they were undervalued, but a lot of people would immediately see boomer company and dismiss the potential 20% in 2 months. + +This is getting longer than expected and I was going to structure in 2 parts by focusing on good features then bad, but this is sort of just forming itself, so hopefully it makes sense when reading it and flows well. But the last couple points I want to quickly touch on are insider buying and just dodgy fraudulent management. Insider buying is always a good sign and something to track, but you will always have management teams buying stock at overpriced levels and selling stock at under-priced levels if they want the cash. + +The important thing is to use this as a small guide, but nothing more and nothing less. MND had management buying at $10 which is where I was comfortable buying and is where I added it in the mock, now I didn’t buy it because management did, but it gave me a bit of extra confidence. The major difference between retail investors and management is we can sell out when we want and move onto the next stock, it’s a bit harder for them to do that constantly. + +**Corrupt management?** + +Last but not least is just corrupt management. There are multiple examples of this from great companies big and small, my favourite one is PET but if you want a big one to study you have ENRON who were literally burning documents. Ultimately, I didn’t include this topic much in this post because to me it has little impact on if I’m going to invest, because its usually too late to figure out by the time it happens. Nobody was going around preaching Enron was corrupt a year before we all found out they were, same as PET, NXL and so on. It’s a risk for any company but is one that is extremely hard to predict and dare I say impossible for us retail plebs with no inside info. + +Ultimately you have great management teams and horrendous management teams, but you also have just good and bad management teams which won’t make or break a company. As Buffett likes to say though he doesn’t need to work with people he doesn’t like, and we don’t need to invest in managements we don’t like. So, take your time and skim read an annual report/presentation or two and see how the company is progressing, because in the end it takes time to learn about the companies and their management and is not something you can find out in 5 minutes. +In the spirit of Marvel's Endgame releasing soon, I was thinking about what the effects of Thanos' finger snap would be on the global economy. + +&#x200B; + +For those unfamiliar, the villain snaps his fingers and instantly half of the human race turns to dust. + +&#x200B; + +What are the implications for the economy? Would there be any inflation? Not really looking for specific answers, just interested in your thoughts :) +I've been in commercial banking for 4 years and I have slowly worked my way up the ladder. I was recently promoted and now make $75,000 a year. I also have stock options that vest in 5 years that should net me approximately $30,000 in 2021. I currently have $15,000 in a money market and $20,000 in a Roth 401k. I own a Honda Civic free and clear that is worth $8,000. My only debt is $80,000 in student loans. What are your thoughts on moving in with my parents to aggressively pay down my student loan debt? I would stop all saving except for my 6% 401k contribution since my company matches dollar for dollar up to 6%. I do not live an extravagant lifestyle, any advice is much appreciated. Thanks! + +Edit: Wow this blew up! Thank you for all of the great advice, I had lunch with my parents today and discussed the the pros and cons with them. They are extremely supportive and will treat me like an adult not a child when I move in. They live in a 4 bed 3 bath house so space should not be an issue. They also refused to accept any form of payment so I will be helping them around the house any chance I get. I also decided I will take a weekend job, and if all goes to plan I should be able to get out from under this debt in 13 months. +Lets say I hypothetically got close to a million dollar inheritance recently. I've been an occasional stock market investor for a little over 2 years and found out that living off only dividends is a real possibility. I've done some research and calculations and currently been seeing exxon at 42.85 a share giving an annual dividend of 3.48. Now I could live comfortably off 50,000 so I did this calculation: $50,000 ÷ $3.48 = 14,368 shares and 14,368 × $42.85 = $615,660.91. I could do the same with AT&T but needing an extra 100k or so. Is this a stupid thing to do, I understand diversification is safe, but this just seems like a reasonable way to live passively. Am I wrong? + + +*Edit: This has gotten a lot more responses than expected and I want to clarify, I am asking as a hypothetical and I see myself as a beginner. I only made a robinhood account 2 years ago but I only invested actively for a total of probably the equivalent of a week, so I don't have all the terminology of investing down. I knew this isn't the safest or smartest thing to invest in for dividends, I just wanted to know how stupid or actually okay doing something similar to this is and different options from more experienced people, not only professionals. Thanks everyone for the good advice and insults too. +Good morning San Diago, + +I am Rensole, + +Do you smell that? + +\*insert flashy intro card\* + +https://preview.redd.it/wpx74sv8bnz61.png?width=680&format=png&auto=webp&s=ffdad0ef1ac21eb44cf96811c7e775a0b87405c7 + +# Winds of change - Scorpions + +God it's good to be back, First of all I would like to thank the entire mod team for helping and keeping the sub in such amazing shape, I especially want to give a shoutout to [u/pinkcatsonacid](https://www.reddit.com/u/pinkcatsonacid/) and [u/bye\_triangle](https://www.reddit.com/u/bye_triangle/) for taking over the news. + +It used to be that I wrote these alone each day, but from now on I'm looking forward with working together, this is why from now on you'll be seeing the title, then the writer and then the body of the text. + +&#x200B; + +https://preview.redd.it/bt8luimfbnz61.png?width=640&format=png&auto=webp&s=384797127cc3b26258196ef2b4ca0d0489126bb2 + +# What are market orders? + +Written by [u/rensole](https://www.reddit.com/u/rensole/) + +I will not be going into what happened with Warden, for the simple reason I'm not entirely familiar with the situation nor do I care to get familiar with it, it happened let's move on and focus on the DD as we should, the DD is solid and that's all we need to know.Also there was some doubt as to how certain market orders worked and [u/jsmar18](https://www.reddit.com/u/jsmar18/) did an excellent write-up [here](https://www.reddit.com/r/Superstonk/comments/ndg93z/dispelling_denouncing_wardens_fud_market_limit/) explaining different types of orders and + +The post goes through several different orders, how the work and if you use them how they get executed, be sure to give it a look as it can give you some clarity on what orders do what. + +&#x200B; + +&#x200B; + +https://preview.redd.it/s3dd9h90cnz61.png?width=640&format=png&auto=webp&s=cd007a146612fd0a2f9e85d2a74b0482f63be458 + +# 140% SI? + +Something that cought my eye was the image below + +&#x200B; + +https://preview.redd.it/cqcazn6jfnz61.png?width=640&format=png&auto=webp&s=a744135cb3eb0befde639d34eb795d88ca42330f + +This opens up the possibility of the SI being off the charts, we thought that 140% was high (which it is IMO), but it also means that this is the max amount they can report, knowing now how they operate it's very likely they got greedy and said... Nah let's just not report the complete picture. + +Because let's face it, if you could win millions why even worry about that 100k fine right? it's a cost of doing business for them, so who knows, what we do know is that no one got margin called in january (source: dtcc head honcho, third financial house hearing) + +So.. who knows how high it even is right now, or what kind of advanced fuckery they have used. + +&#x200B; + +# A note from your friendly local pink cat + +written by [u/pinkcatsonacid](https://www.reddit.com/u/pinkcatsonacid/) + +First of all, thank you for all the meme entries in the Superstonk Daily Bananya Cat meme giveaway contest! Look for a winner post today from me announcing our winners and sharing the winning work of art!! 🚀🚀 + +Now, Breaking News News + +The mod team has been working nonstop to bring you a professionally respected, verified source of information in Superstonk. The kind that gets big names like we've had on for AMAs. And to expand on that, we are growing the Superstonk Daily format to allow for more Ape voices to be heard. + +Starting tomorrow, you will see the Superstonk Daily DD, posted with its own custom, mod only flair, posted by automod at around 6:00 am NYSE time every weekday. (Noon for the Euroapes) We have devised this white-label automod system, which also serves to negate the "hero worship" that shills like to falsely accuse apes of as a way to discredit our news source. + +Don't worry, you will still see our personalities shine through, and all articles will be properly attributed to their contributor (which we hope to include non-mod, community DDers, artists, and others in the near future!!) But this presents a more uniform presentation of the news as we continue to garner more attention and seek credibility. This isn't about awards or upvotes for a certain mod. It's not a popularity contest and we have all seen the damage that can be done if personalities get too big. We believe this adds to the trust this community has given us to be in this for the right reasons. 💪 + +I'm so excited to see what this new format does for this community! It has been an honor and a pleasure to serve you all every day with [u/Bye\_Triangle](https://www.reddit.com/u/Bye_Triangle/) beside me while Rensole took a much needed rest. Now we're ready to kick some ass. And I'm absolutely JACKED to serve you as your Editor in Chief of the new and improved Superstonk Daily. ✌ + +Signed, [u/Pinkcatsonacid](https://www.reddit.com/u/Pinkcatsonacid/) + +&#x200B; + +https://preview.redd.it/szyq9fnqdnz61.png?width=554&format=png&auto=webp&s=13016e85948602a350cc155407dc59ac24525a6d + +# EXCELLENT! + +Be friendly, help others! + +as always we are here from all different walks of life and all different countries. + +This doesn't matter as we are all apes in here, and apes are friends. + +Doesn't matter if you're a silverback a chimp or a bonobo. + +We help each other, we care for each other. + +**Ape don't fight ape, apes help other apes** + +this helps us weed out the shills really fast, as if everyone is helpful, the ones who aren't stand out. + +remember the fundamentals of this company are great, so for the love of god if someone starts with trying to spread FUD, remind yourself of the fundamentals. + +There is no sense of urgency, this will come when it comes, be a week, be it a month be it six. + +We don't care, just be nice and lets make this community as Excellent as we can! + +Remember one of the only ways to counter the Cointelpro we have seen is by being overly nice, so treat all the other apes as if you're dating and you wanna get to first base. + +&#x200B; + +https://preview.redd.it/l2cu9qhsenz61.png?width=1600&format=png&auto=webp&s=0dcb5c0e44603c7793c34011d8c07165d71fe913 + +Remember none of this is financial advice, I'm so retarded I'm not allowed to go to the zoo 'cause they'll put me in the cage with the rest of my ape brothers. + +If anything happens throughout the day we will be adding it here. + +backups: + +[https://twitter.com/rensole](https://twitter.com/rensole) + +[https://twitter.com/PinkCatsOnAcid](https://twitter.com/PinkCatsOnAcid) + +[https://twitter.com/RedChessQueen99](https://twitter.com/RedChessQueen99) + +&#x200B; + +&#x200B; + +Also as far as I know the 13F filings are coming out today, so once we had the chance to review them I will be updating this post with either a link to an ape's thread or just the data! +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). Last ban length: 1,048,576 days + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/2sQBNuM). +Here’s my original post if you want to read it. https://www.reddit.com/r/personalfinance/comments/g0np8u/i_fell_for_a_scam_last_night/?utm_source=share&utm_medium=ios_app&utm_name=iossmf + +TLDR; Someone called me pretending to be my bank, I’m dumb, and they took $1897 from me. + + +So I had filed a complaint with my bank. They gave me a provisional credit for the money that was taken. However, they decided that no error occurred and took the money back. + +I filed a rebuttal with them and sent screenshots of parts of the EFT Act that said I can only be held liable depending on how long it takes me to notify my bank. I had notified them within HOURS when it happened. Tonight I checked my bank account to make sure I had enough to buy milk and the money was back in my account. According to the email I received, they’ve determined that an error DID occur and I got all of my money back. + +I don’t remember who it was, but someone on my original post recommended bringing up the EFT Act. Whoever you are, thank you. I wouldn’t have gotten my money back without you. I had no idea the EFT Act existed. + +I still feel stupid for falling for the scam in the first place. I’m much more careful now. But a huge weight has been lifted knowing that I got the money back. + +Edit: This post got much bigger than I ever thought. + +The advice is all great. If your bank calls, hang up and call them back. Y’all are literally just saying the same exact thing over and over. lol Chill out a bit. + +Also, because there has been quite a few questions around this.. The person who called me spoofed my bank’s phone number. I did not just answer a call from a number I didn’t know. They scared me by saying that my card had been used elsewhere and then used that fear to get me to do what they wanted. I’m a grown ass woman and should have known something was wrong. But they were really good at making sure I was scared enough to do what they wanted. + +For those of you who wanted more info on the EFT Act, there’s some really good links and info in the comments. But you can read the EFT Act here: https://www.federalreserve.gov/boarddocs/caletters/2008/0807/08-07_attachment.pdf + +Be safe out there, y’all. +Everyone keeps asking: + +"Will Computershare notify GameStop once the float is locked up???" + +I did some light digging and it appears they won't need to. + +As transfer agent, Computershare offers their clients a live dashboard that reports on shareholder activity in real time: [https://www.computershare.com/je/business/share-registry/report-on-your-register](https://www.computershare.com/je/business/share-registry/report-on-your-register) + +For all we know, GameStop has a giant monitor at HQ where everyone watches the DRS numbers climb each day. + +&#x200B; + +[https:\/\/www.computershare.com\/au\/business\/registry-services\/issuer-online](https://preview.redd.it/hr8101zxgqr71.png?width=2538&format=png&auto=webp&s=7f51c8a3c5c0c4a35dfff62c25a47f6b1461342c) + +&#x200B; + +[https:\/\/www.computershare.com\/je\/business\/share-registry\/report-on-your-register](https://preview.redd.it/tfj8n3syeqr71.png?width=1424&format=png&auto=webp&s=c9436af674abd24e87fb22c9395554ec792e5f08) +And I don’t think the answer is “eventually” because I feel like some stocks never get noticed by Wall Street. If you think a stock is undervalued and no one else does, nothing happens. If anyone could give examples too that would help. +Would you rather spend $1,000 now or be able to spend $10,000 in 30 years? The answer seems obvious, and it was obvious for me until not that long ago: I would rather have $10,000 in 30 years. + +But it’s not that obvious to me anymore. + +Let me explain: imagine that, 30 years from now, your net worth is $1 Billion. Is it still better to have that extra $10k? How much utility does this amount have in your life? None at all. With a $1B net worth, the daily swings of the stock market make the 10k a rounding error. + +Ok, but almost no one will be a billionaire in 30 years. How about a 1 million net worth then? That sounds more realistic. Are 10k going to matter then? Maybe, maybe not. + +The key aspect that is often neglected when talking about savings is *the utility of money*. + +As a kid, I would stash all the cash I got as gifts on my savings account. I would consciously NOT buy video games just so that I could use the money “later”. Now, I realize how silly it was. The amount of joy I would have gotten from that video game is incomparably higher than the satisfaction of having $30 now. Even if I had invested those $30 back then and netted a 10x return, it would have been a poor trade. + +Money is not worth the same all the time. If saving and investing an extra $1,000 today means making your kids renounce saxophone lessons, or not going to the dermatologist because of that weird rash, or even not buying the Rolex you’re dreaming of, I would say that it’s not worth it, even if those $1,000 would turn into $10,000. Especially, if you’re already saving enough and will end up with plenty around retirement age. + +Sometimes it’s better to spend money now. Actually, I would argue that if you’re going to end up a millionaire anyway, it’s not worth it to restrict spending at all. Don’t set money on fire (no pun intended) obviously. If you’re living exactly the life you want, and there is still money left, of course you may invest it. Or better: donate it, because you’re not going to need it. + +Or even better: don’t earn the extra money in the first place. Start your semi-retirement. Work part-time. Switch to a job you like better that pays less. Yes, I hear you, it’s not that simple. Except that it is, most of the time. We just tell ourselves that it’s impossible because we like the comfort of earning extra money and there is this weird masochist tendency to deny ourselves what we want. I know that, I felt it too. My boss didn’t like it when I told him that I would like to work 25 hours a week because there is no way I would let my daughter go to full-time daycare. It was a tough conversation. But he gave in because he knew that I would quit if he didn’t allow it. And I would have done the same job as a consultant and charge double for it. + +Yes, saving less is going to hurt your FIRE date. The question is: are you still going to think about FIRE day and night when your life is already more or less what you want it to be? I know that some people’s ambition is just to play video games all day long and never worry about earning an income ever again. I can relate to that. But tell me this: would you rather live a life you hate for 12.5 years ([that’s the time it takes to reach FIRE with a 60% saving rate](https://www.mrmoneymustache.com/2012/01/13/the-shockingly-simple-math-behind-early-retirement/)) or a life that’s not so bad for 17 years (time to FIRE with a 50% saving rate)? Going from 60 to 50 means either spending 20% more money or earning 20% less, that’s one day a week or 2 months’ vacation per year. That would make the journey way more bearable, even if it takes longer. + +Plus, everybody assumes that they will never earn an income in retirement again. I just don’t believe that: if you’re smart enough to get a decent paying job in the first place, you **WILL** have ideas when you do nothing all day long. Maybe you’ll need a few years of nothing to recuperate from a draining career. But at some point, you will do something that produces money. Look at [MMM](https://www.mrmoneymustache.com/) or [Mr. 1500 days](https://www.1500days.com/). And maybe that income will be as low as $500 a month for something that you enjoy doing. But those $500 a month of extra income translate into a net worth that is $150k too high, because it takes $150k to produce a monthly $500 with a 4% SWR. That’s usually a few years of savings that wouldn’t have been necessary. To go back to the example of MMM and Mr. 1500 days, they vastly *oversaved*. They most likely could have enjoyed the life they wanted much earlier. + +I get it, it’s better to be safe than sorry. But I would rather give a little bit of safety so that I could not be sorry that I spent too little when it could have been useful. I don’t want to have a $10 million portfolio when I’m 70. Because that would mean that I didn’t optimize my spending. It would mean that I could have donated much more. It would mean that I could have worked much less. + +I’m done saving all I can. I have enough in my portfolio for it to grow to a million and more at some point in the future. In the meantime, I’m going to earn enough to cover my expenses, enjoying life at a slower pace. I don’t want to postpone fun projects anymore because I don’t have time because I have to work because I have to save. I’ve lived in the future for a long time and I can tell you: the future is overrated. +**A month ago Binacne blocked my old, active account that was 3d level verified and full of 1.2K BTC.** + +The account was created and used for arbitrage on cryptocurrency markets and everything was good for a long time before Binance decided to block it. + +Since then I’ve had a long conversation with their representative where I provided all my documents (even more that it was necessary), passed video verification and fund verification as well. + +During our conversation they changed the reason for blocking my account a few times and as a conclusion it’s still blocked. + +The first reason was “security” the last one was “law enforcement” which they don’t want to connect me directly with. And you know what, I don’t believe them at all. + +1. I make deposits from and make withdrawals exclusively to other well recognized exchanges from Top-10 exchanges. +2. I haven’t made withdrawals to any new addresses for last month. All withdrawals were from addresses that I used before for as long as several months. Why have you just now blocked my account? +3. All my withdrawals can be traced to well-known cold wallets of respectable exchanges (all were in top 10, according to CMC). +4. The hackers don’t do any arbitrage. +5. It's strictly prohibited to tell anyone that reason of blocked account is law enforcement (in case it's real reason, not like in my case). If it's really law enforcement they will connect you directly without any 3d party. + +My accounts on other exchanges are active, so, I’m just wondering for what reasons is Binance holding my money with no rules or reasons for it? + +I just kindly ask the official Binance representative to let me know that an investigtion about the account has beed started. + +u/Binance How long does it take to finally solve the issue with my account as they’ve had all the documents and information for more than a month? + +Is there anyone who’s faced the same situation? What kind of actions should I take against Binance to get my funds back? +**TA;DR:** The available float of GME is turning over every 5-9 trading days since the beginning of the year. This is odd, bc institutional ownership has remained steady (\~39% of float), including shares in ETFs, Mutual Funds, Index Funds and Pension Funds; and we all know DRS numbers are increasing. Possible explanations for high turnover: more shares exist than issued, wash sales, matched orders and/or abusive naked shorts? + +**TA;DR END** + +Float is defined as the number of shares that are available to the public. This figure is calculated by subtracting the shares held by insiders and those deemed to be stagnant shareholders from the shares outstanding. For GameStop, this is simply 75,950,781 – 12,612,303 = 63,338,478. This is the official float; however, \~15 million of these shares have been “locked up” in ETFs, mutual funds, index funds and pension funds for several months. We can also see institutions have maintained 39% ownership (of float) since early December 2021.^(1) + +Furthermore, direct registration of GME shares continues and best estimates suggest there are 9-14 million shares in ComputerShare. + +When we take into account DRS, ETFs, Mutual Funds, Index Funds, Pension Funds and institutional ownership, we are left with an “available” or “remaining float” of 24-29 million shares. The following estimates are from [Computershared.Net](https://Computershared.Net). + +[Roughly 29 million remaining shares using Reddit Scraper Trimmed Average](https://preview.redd.it/0mhu7n244ih81.png?width=975&format=png&auto=webp&s=9b585a6ca00a3be4772b717461c0691e85cc003d) + +Reddit Scraper Trimmed Average shows that there are roughly 29 million remaining shares. Search the history of u/JonPro03 for the definition of trimmed average. Essentially, it trims the top and bottom % to establish an average that matched GameStop’s Q3 Computershare numbers. + +&#x200B; + +&#x200B; + +[Roughly 24 million remaining shares using DRSBot Multi-Account Average](https://preview.redd.it/zgd88zp66ih81.png?width=975&format=png&auto=webp&s=50a81528404bcf6e650ee53a8b12b36144b7e59f) + +DRSBot Multi-Account Average results in roughly 24 million remaining shares (or available float). Search u/Roid_Rage_Smurf history for an explanation on Multi-Account Average. Basically, it considers that apes have multiple accounts, i.e., there are less than 123,000 apes that have DRS’d - some have multiple accounts, myself included. + +So, the remaining or available float is somewhere between 24-29 million. Let’s take a look at the volume since December 31, 2021. + +Float A = 29 million based on Reddit Scraper Trimmed Average + +Float B = 24 million based on DRSBot Multi-Account Average + +https://preview.redd.it/68cvjnic4ih81.png?width=834&format=png&auto=webp&s=43a5ff8366db3b33206fec5aa3b6996430d436cc + +Based on the volume chart above, we can see that the available float is being traded every 5-9 trading days. Where’s the volume coming from? Institutional ownership remains steady, including shares in ETFs, mutual funds, index funds and pension funds. Retail continues to DRS. + +Possible explanations: abusive naked shorts? More shares exist than issued? Wash Sales? Matched Orders? + +Per the SEC: + +Wash Sales – a person places simultaneous orders to buy and sell quantities of the same security in transactions involving no change of beneficial ownership of the stock. + +Matched Orders – a person or persons places buy or sell orders for a security with the knowledge that sell or buy orders of substantially the same size and price will be placed simultaneously. + +**TA;DR:** The available float of GME is turning over every 5-9 trading days since the beginning of the year. Institutional ownership has remained steady (\~39% of float), including share numbers in ETFs, Mutual Funds, Index Funds and Pension Funds; and we all know DRS numbers are increasing. Possible explanations for such a high turnover may include: more shares exist than issued, wash sales, matched orders and/or abusive naked shorts. + +^(1)[https://www.reddit.com/r/Superstonk/comments/sb20kk/nobodys\_selling\_update\_on\_institutional\_ownership/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/sb20kk/nobodys_selling_update_on_institutional_ownership/?utm_source=share&utm_medium=web2x&context=3) +I just learned that my mom has been stashing $40k under her mattress (literally). I convinced her that she is losing money and it's not safe. She has agreed to let me invest it for her. She's not technology savvy but I'll create an account under her name on m1. I was thinking of a 4 fund portfolio with SCHD, DIVO, JEPI, and XYLD at 25% each. What do y'all think? +EDIT: /u/Ztronic's response below brings up a [good critique](https://www.reddit.com/r/ethtrader/comments/9odwn3/your_thoughts_on_tether_poll/e7tku8z) of this poll and choice of words. Also /u/savage_x as well had [valid criticisms](https://www.reddit.com/r/ethtrader/comments/9odwn3/your_thoughts_on_tether_poll/e7tgt7h). I think both these guys need to do a poll with a better question/answers than this one. Anyone can make polls. Try it out. + +The word "Important" is not a great word choice. It implies there is a problem with Tether and the word "Disappear" can mean different things. It may be a good thing that it disappears LOL. It may not be a good thing depending on the circumstances. + +&#x200B; + +Edit 2: This is /u/Ztronic's poll [https://www.reddit.com/r/ethtrader/comments/9oga6q/how\_important\_is\_the\_health\_and\_stability\_of/](https://www.reddit.com/r/ethtrader/comments/9oga6q/how_important_is_the_health_and_stability_of/) + +&#x200B; + +&#x200B; + +Based your understanding of Tether - **one year from now** if Tether were to disappear, the lasting effect it has on crypto moving forward will be: + +&#x200B; + +&#x200B; + +[View Poll](https://www.reddit.com/poll/9odwn3) +And I'm devastated. I had been there a few times about 4 years ago, and recently needed it again. + +I am so grateful for this pantry and the kind volunteers that run it. They have great food, lots of variety, and let you go once a week. + +I was fine through it all. Got there an hour early to wait in line (they are only open for 1 hour) and had nice chats with everyone in line. They came out and served us coffee while they set up inside. It really felt like a community that cared. + +While getting food I inquired about dog treats and they were able to give me a good size bag and asked about my babies. It was a great experience. + +When walking to my car holding the large box my knee buckled and I fell. People in line immediately approached to help and I thanked them profusely. Ab older woman was lifting my box and I helped her get it in my trunk. She turned and said "we help each other out, we're all in this together" I agree and thanked her again, and told her I hoped she got a good load. + +I drove off and broke down. Why are these good, kind people made to suffer? Don't get me wrong, I know there are worse things in the world. But when I think of all the rich people and churches (I'm in utah) that just do nothing... it's so hard. +I am over 40 years old and still owe $106,000 in student loans. The most significant way that debt impacted my life is that I chose to wait to have children until my finances were under control - that was a mistake because now I can't get pregnant. + +Here is a brief history of my student loans. After taking about a decade to finish my bachelors, 3 years to finish law school, an entire year to pass the bar (I failed the first time) and about 4 - 5 years building my solo practice (which is still not entirely stable) I found myself with $270,000 of federal loan debt. + +My original strategy was to use IBR and deal with the tax consequences later, however because I got married and felt it was unfair to my spouse to burden our household for the next 20 years with my financial mistake, I refinanced to obtain a lower interest rate and started paying off the debt. Because my resume sucks, my best financial option was and is to focus on building my practice and earn more money, which meant that when my husband had to relocate 700 miles away for his job, I couldn't move with him - so now we live apart. Indefinitely. And my body doesn't feel like growing another human being and even if I could get pregnant I still owe $106,000 in student loan debt and my partner still lives 700 hundred miles away. And so the world goes on ... + +The moral of the story is that debt repayment is not worth sacrificing the the important sh\*t in your life. I should have learned to live with the debt and learn to live my life. +How easy it was in early 2000 when the tech stock you bought moved persistently higher, to convince yourself that you were an investment genius. How easy it was then to convince yourself that chasing the last period’s best-performing mutual fund was a sure strategy for success. And for the few who gave up their jobs during the bubble to engage in day-trading, how exhilarating it was to buy a stock at 10:00 a.m. and find that it had risen 10 percent by noon. All of these strategies ended in disaster. Frequent traders invariably earn lower returns than steady buy-and-hold investors. + +Robert Shiller and John Pound surveyed 131 individual investors and asked what had drawn their attention to the stock they had most recently purchased. A typical response was that personal contact, such as a friend or relative, had recommended the purchase. I can relate with this, my father is mostly intrigued by tips he receives from his friend or in any of his WhatsApp groups. Tips come at you from all fronts—friends, relatives, the telephone, even the Internet. Don’t go there. Steer clear of any hot tips. + +Investors tend to be overconfident in their judgments and invariably do too much trading for their own financial well-being. I have friends who are boasting about the facts on how they are earning 5-10% daily, mostly they don't explain their portfolio returns/losses and if they deduct the taxes & brokerage fees returns might be negligible. We have seen that people are far more distressed at taking losses than they are overjoyed at realizing gains. + +Historically, IPOs have been a bad deal. In measuring all IPOs five years after their initial issuance, researchers have found that IPOs underperform the total stock market by about 4 percentage points per year. The hot IPOs are snapped up by the big institutional investors or the very best wealthy clients of the underwriting firm. Being a retail investor, we would be the last one receiving an IPO, so if you do get it at whatever x premium price, you shouldn't be happy about it. + +Bernard Baruch said, “Market timing can only be accomplished by liars.” And Jack Bogle has remarked, “I do not know of anybody who has done it successfully and consistently.” +I recently published my portfolio for 2022, and caught some grief for having 27% of my money allocated for cash, cash equivalents, and bonds. Heck, I'm 58, so that was pretty appropriate. + +But something occurred to me, I am willing to bet many of you barely remember 2008, probably don't remember 2000-2002, and weren't even alive for 1987. If you are insisting on a 100% all-equity portfolio, feel free. But, the question is whether you have a plan when the market takes a 50% toilet dump? What will you do? Did you reserve some cash to respond? Do you have any rebalancing options? + +Never judge a crusty veteran, when you have never fought a war. +I've been doing a deep dive into the entire securities clearing/Continuous Net Settlement process and while every single part of the process seems to have a rule that should concern retail investors, the one I find the most problematic is the DTCC's ["Fully Paid For Account"](https://www.dtcc.com/clearing-services/equities-clearing-services/the-fully-paid-for-account). I'm not trying to spin a conspiracy theory; if I'm misinterpreting this I'd LOVE to hear where I'm going wrong. I tried to ask my broker about this but Fidelity keeps deleting my question from their subreddit, dropping my chat session, and putting my on hold indefinitely or dropping my call when they transfer me... + +Here's the ELIape version: + +* The NSCC's job is to "clear" financial transactions. This means that they keep track of who owes what and makes sure that when a broker makes a trade there's someone on the other side of that trade who will complete the transaction. They are the guaranteed counterparty to pretty much every transaction as it applies to retail traders. + +* The DTC's job is to "settle" transactions. This means that they keep track of who owns what and record the transfer of money and securities. + +These are corporations, not government entities. They [write their own rules, procedures, and bylaws](https://www.dtcc.com/legal/rules-and-procedures) and enforce them amongst their members with contract law. They are regulated by the SEC in their role as clearing agencies, but members have a lot of freedom to use the system how they want until a member raises a dispute or a regulatory agency intervenes. + +* The [CNS](https://www.dtcc.com/clearing-services/equities-clearing-services/cns) system is the process used to settle most trades. The buyer and the seller execute their trades with the NSCC as the middleman/guaranteed counterparty, then a couple of days later (T+2) the NSCC tells the buyer and the seller their new balances and sends the result to the DTC. + +* The next day (T+3) the DTC credit/debits the appropriate accounts and notifies everyone that the transactions are complete. + +If the NSCC doesn't receive the stock from the seller on T+2, it's a fail to deliver for the seller. If the buyer doesn't get the stock from the NSCC on T+2, it's a fail to receive for the buyer. The buyer *could* submit a request for a forced buy-in but this doesn't happen often. Instead the buyer can set aside the money they got from their retail customer in the Fully Paid For Account and the seller's debt gets documented and stacked up in the ["Obligation Warehouse"](https://www.dtcc.com/clearing-services/equities-clearing-services/ow) service. Then the DTCC's algorithm can sort through all the buys and sells every day to clear out the oldes failures and keep all the money and stocks moving where they need to go with a minimum of disruptions. + +The Obligation Warehouse is a separate can of worms, for now let's dive into the Fully Paid For Account and see if we can collect a few wrinkles along the way. + +The biggest red flags for the Fully Paid For Account are the "benefits" listed on the DTCCs information page: + +> * Enables Members to deliver securities to institutional clients on settlement day using customer fully-paid-for securities. +> +> * Reduces the number of institutional fails. +> +> * Allows Member to maintain good relationships with institutional customers. +> +> * The Fully-Paid-for-Account is a good control location for compliance with the requirements under Section 15c3-3 of the Exchange Act. + +What are the odds that a program designed for brokers to maintain good relationships with institutional customers and reduce the number of institutional fails is a Good Thing for retail? And what exactly is ["Section 15c3-3 of the Exchange Act"](https://www.sec.gov/rules/final/34-47480.htm)? 15c3-3 is the broker-dealer customer protection rule, which 'ensures' that brokers don't put customer assets at risk when they loan them out or use them as collateral. The act specified that: + +> The rule requires broker-dealers to take steps to protect the securities that customers leave in their custody. These steps include the requirement that broker-dealers promptly obtain and thereafter maintain possession or control of all "fully paid" and "excess-margin" securities carried for the accounts of customers. The possession or control requirement is designed to ensure that broker-dealers do not put customers at risk by borrowing their securities to expand or otherwise further the broker-dealer's proprietary activities. +> +> Paragraph (b)(3) of Rule 15c3-3 sets forth conditions under which broker-dealers may borrow fully paid or excess margin securities from customers for their own use without violating the rule's possession or control requirement. These conditions include the requirement that broker-dealers and their lending customers enter into written agreements that (1) set forth the basis of compensation for the loans as well as the rights and liabilities of the parties in the borrowed securities, (2) require the broker-dealers to provide the lenders with schedules of the securities actually borrowed, (3) require the broker-dealers to provide the lenders with, at least, 100% collateral consisting exclusively of cash, United States Treasury bills and notes, or an irrevocable letter of credit issued by a bank, and (4) contain a prominent notice that the provisions of the Securities Investor Protection Act of 1970 may not protect the lenders with respect to the securities loan transactions. Moreover, the loaned securities and pledged collateral must be marked to market daily, and additional collateral posted if necessary to maintain the 100% collateralization requirement. These requirements are designed so that borrowings of customer securities remain fully collateralized for the term of the loan. + +So, the SEC lays out rules about how brokers can use their customers assets in margin accounts or with a [signed lending agreement](https://www.fidelity.com/trading/fully-paid-lending) that compensates the customer and warns them of the risks. Sounds good so far... but what happens if a customer gives money to the brokerage, the brokerage gets a fail to receive, and they just let it ride instead of forcing a buy-in? No stock is being loaned but there's a fully collateralized chunk of money that gets 'marked to market' daily to track the price of the stock. You have a stock-shaped asset on the books that satisfies the CNS process for settling accounts just like a stock would, but no shares have actually changed hands and customer assets aren't being "loaned". If my reading of the situation is accurate, this also means that each brokerage decided to receive the IOUs from the NSCC rather than the counterfeit shares just showing up in the system as a result of the market maker's shenanigans. + +> **Members instruct NSCC to move their expected long allocations** from the general CNS “A” subaccount into a fully-paid-for location (the “E” subaccount) and are then permitted to use customer fully-paid-for positions to complete institutional deliveries in DTC. +> +> As Members instruct NSCC to move expected long allocations to the fully-paid-for location, NSCC reclassifies the relevant long allocations as a fully-paid-for long allocation and debits the Member the market value of the relevant securities in the NSCC settlement system. These long allocation reclassifications and corresponding settlement debits are posted intraday by NSCC. The funds associated with the fully-paid-for process are collected via NSCC’s end-of-day settlement process and are held by NSCC and used to ensure the customer fully-paid-for positions can be replaced should the Member become insolvent. Upon completion of a fully-paid-for long allocation, the relevant funds are used to pay for the securities received from CNS via NSCC’s end-of-day settlement process. + +One more nifty little detail, apparently the NSCC doesn't need to document the difference between shares and Fully Paid For Account entries on their books, so when they open their books to a regulatory agency it just shows that all the numbers match up. I'm not too sure about this one, I'd it if anyone with a compliance/accounting/actuarial background could chime in. From NSCC Rule 12.2: + +> (c) any action taken by the Corporation pursuant to an instruction given to the Corporation by a Member to move a position to its Fully-Paid-For Subaccount shall not constitute an appropriate entry on the Corporation’s books so as to constitute such movement + +TL;DR - Your brokerage can **choose** to receive an IOU instead of an actual share and keep your cash on the books in a special sub-account. The CNS system makes this look just like a share and since all the brokerages in the NSCC share liabilities as the guaranteed counterparty, they're incentivized to keep looking the other way and prevent the MOASS. + +EDIT: Shoutout to u/loggic for [clarifying and expanding on](https://www.reddit.com/r/Superstonk/comments/rb42h6/the_dtcc_has_a_program_that_allows_any_broker/hnntf3x/) some of my points. The fully paid for account still creates liquidity out of nothing purely for the short seller's gain, but if those FTR positions get top priority for CNS settlement it's a smaller piece of the puzzle than I thought it was. + +EDIT 2: Here's some relevant/related DD that has come up in comments and chat discussions: + +* [How to Rig a Settlement system... Starring: Obligation Warehouse, ACATS, and Memo Segregation](https://www.reddit.com/r/Superstonk/comments/r86vkb/how_to_rig_a_settlement_system_starring/) + +* [Shell Games All The Way Down](https://www.reddit.com/r/Superstonk/comments/o1b844/shell_games_all_the_way_down/?utm_medium=android_app&utm_source=share) + +* [Exposing Wall Street: The Holy Trinity of Counterfeiting](https://www.reddit.com/r/Superstonk/comments/mk8f71/exposing_wall_street_the_holy_trinity_of/) + +* [Self Regulation, Complexity and Market Structure](https://www.reddit.com/r/Superstonk/comments/qwtnhd/self_regulation_complexity_and_market_structure/) +credit u/anashel: + +"Why is this not fucking glued to the top of r/superstonk is beyond me. [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) \- this (line 74 from api-wrapper) clearly show the loopring nft bridge with nft.gstop-sandbox.com. While this one [https://crt.sh/?id=5538535675](https://crt.sh/?id=5538535675) clearly show not only the nft.gstop-sandbox.com, the underlying api existence but the domain SSL ownership to Gamestop. That’s it. Thats the game. GG. This will be the first large scale token support by a public trade company with over 42 million customers across 4 816 store worldwide. Forget about retail adoption of bitcoin: what they are about to delivered is fucking nuts. Thanks to u/kyytes and all the other ape who dig it out… three days ago and got five freaking upvote." + +EDIT: + +While I advise you to keep your tits jacked, you may want to un-jack them ever so slightly. I didn't know this and no one else has mentioned this— I feel this comment from u/kuilin is important and should be discussed: + +Link to comment: [https://www.reddit.com/r/Superstonk/comments/qnrmxx/comment/hjiq8cc/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/qnrmxx/comment/hjiq8cc/?utm_source=share&utm_medium=web2x&context=3) + +"As a programmer, while I agree that many signs point to GME and Loopring working together, **this link in particular is not evidence**. + +It clearly says on the top of the linked github page: + +>This commit does not belong to any branch on this repository, and may belong to a fork outside of the repository. + +Pay attention to this. Anyone can put anything on a page like this and have it *look like* it's from Loopring. Sure, this could be a commit that they added and then deleted (a web archive of the commits page of the master branch would prove it), but it also could be some random commit made by someone completely unassociated with Loopring or Gamestop. + +Edit: Here, I just made this to demonstrate what I'm talking about. Have a look at this: [http://web.archive.org/web/20211106062439/https://github.com/Loopring/website/commit/7be6b885b28012636099497eafbcf5e81ada2900](http://web.archive.org/web/20211106062439/https://github.com/Loopring/website/commit/7be6b885b28012636099497eafbcf5e81ada2900)" + +&#x200B; + +EDIT 2: + +u/kuilin has made a separate thread to discuss this topic. While he thinks it's more likely that this *is* real code from Loopring, it would be possible for someone to upload this themselves. He demonstrated this in the edit to his comment I posted above. There's a lot of real code here and only a bit of it mentions GameStop, lending to its likely authenticity. + +Link to thread: [https://www.reddit.com/r/Superstonk/comments/qnuood/about\_the\_recent\_github\_leaks\_its\_very\_easy\_to/](https://www.reddit.com/r/Superstonk/comments/qnuood/about_the_recent_github_leaks_its_very_easy_to/) + +&#x200B; + +EDIT 3: + +This is a fascinating post from u/OneTinker dissecting this code and looking at what it actually does: + +[https://www.reddit.com/r/Superstonk/comments/qnupkm/complete\_dissection\_of\_the\_leaked\_code\_from/](https://www.reddit.com/r/Superstonk/comments/qnupkm/complete_dissection_of_the_leaked_code_from/) + +&#x200B; + +EDIT 4: + +My personal opinion after reading lots of comments: + +I'm no coder, but if someone *did* fake this, they went through a ton of effort to make it look legit. u/OneTinker's post dissecting the code and its functionality has done a lot to convince me that this is *not* the case and that this code is from Loopring. + +Matt Finestone was head of business at Loopring and is now head of blockchain at GameStop. He left to work on a "once-in-a-lifetime" project that he couldn't talk about for some months— a project in the Ethereum space ([https://matthewfinestone.medium.com/thank-you-loopring-16993766c200](https://matthewfinestone.medium.com/thank-you-loopring-16993766c200)). GameStop is clearly working on something involving NFTs. Loopring has publicly said they'll be launching an NFT marketplace with a to-be-named partner in Q4 ([https://medium.com/loopring-protocol/loopring-quarterly-update-2021-q3-bd083d94ca17](https://medium.com/loopring-protocol/loopring-quarterly-update-2021-q3-bd083d94ca17)). GameStop would *need* something like Loopring to make mass adoption of NFTs possible. Vitalik Buterin, founder of Ethereum, has publicly said Loopring and zkRollups are the future of Ethereum ([https://www.youtube.com/watch?v=XW0QZmtbjvs&t=4267s](https://www.youtube.com/watch?v=XW0QZmtbjvs&t=4267s)). And as someone pointed out in another thread, Loopring is almost certainly aware of these rumors about their code and GameStop— if they *knew* this was a bad actor posting the code, it would be in their best interest to deny the rumors publicly and maintain their credibility. + +If the simplest explanation is the most likely, then I say this code is legit from Loopring and we have an announcement to look forward to in the next 7-8 weeks. + +🚀🚀 +I don’t know if this is the right thread to post such question but as the title said, I’m wanting to get into real estate and my primary focus is cash flow from tenants. With that being said, I need to purchase houses for that. My credit score isn’t exactly the best but is a good credit score a be all end all sort of thing? Should I improve my credit before starting real estate? All advices are welcome + +Edit: thank you for all of the advices. I definitely need to learn more. The real reason I want to do this is because I am tired of working for someone. I want to be the only person who holds myself accountable. And of course, financially independence. I know this is not a get rich quick but life’s a marathon, not a sprint. I hope everyone here will be successful! Whatever your definition of it means +I have about $9000 in my account, as I was saving up for a new car. I recently got a promotion at work which bumped me from $50k to $60k annually. This past year I stopped contributing to my 401k since we lost our match and had a salary reduction during the lockdowns. Our match is still not back. + +Also, my long distance college student gf moved in with me. She helps me with most thing but my expenses went up a little bit. + +I am really split between putting $5k in the stock market or putting it down on a new car (would rather it be in my retirement fund but it’s already been taxed so no point in that now). For reference, I probably spend about $3000 on repairs a years for my car, and it has 141k miles on it. + +Feeling paranoid and guilty about not contributing to my retirement for a whole year and really can’t decide what to do now. +Not sure where else to ask this, I’m currently a 17 year old attending high school. I have been working at a fast food restaurant for 2 years. January this year, the store manager unexpectedly left and I was increased to 5 shifts a week and 30-38 hours and very unofficially took on the role of store manager. + + +At the beginning of March, I requested that my pay be increased (currently on the award wage $14.60/hr) and was told by my boss “already bumped to level 3, we reassess in a month” His idea of having already giving me a pay rise is extremely frustrating as me being paid as a “level 3” by definition means being responsible for the store and 3+ employees at a time, therefore it’s something I’m legally entitled to. + +Currently, I feel very unappreciated for the work I’m putting in for the businesses success. I am very frequently achieving sales, labour and food goals. I’m unhappy with my job majorly due to the pay for the roles and responsibilities I fulfil on a weekly basis. + +A few days ago, I spoke to the owner of an exciting fast food franchise soon to be opening in my area. After discussing my previous experience and competency, I was immediately offered training in a few weeks time and also a start date if I wish to accept. + +I know that my store will go to shit for a while if I were to leave and the owner will need to spend far more of his time there, which he’s already adamant on not wanting to. + +I am not immature in expecting unreasonable pay for my age like, $30/hr, not even $25/hr. But operating a business doing $20k gross sales weekly and also seeing the healthy net weekly profit. + +I have plateaued and my job is fairly easy for me I just know I deserve more compensation. + +My question is, would putting in a two weeks resignation letter in an attempt to try and be counter offered more $ to stay a smart idea? + +Edit: Thanks so much guys for sharing with me your thoughts, knowledge and experiences. I’ve had a phone call discussion with my boss about my recent lack in motivation at work due to my low pay. I gave him a stern ultimatum to downgrade my position and responsibilities if he were to continue paying me at this rate, or give me a considerable increase in pay to continue this role. We are having an in person meeting in two days “regarding the pay rise” +This seems to be a big issue in Europe right now. Per the title of the post, which is a quote from the first link, it seems the consumer does not pay for a KWH something like the average it costs to produce it, but the maximum. The links I post are from the UK but apparently Greece has a similar wholesale market that has similar dynamics. Can anyone here comment or link to a source that explains how this happens, what are the reasons the electricity markets work this way? + +[https://www.ucl.ac.uk/news/2022/jan/opinion-renewables-are-cheaper-ever-so-why-are-household-energy-bills-only-going](https://www.ucl.ac.uk/news/2022/jan/opinion-renewables-are-cheaper-ever-so-why-are-household-energy-bills-only-going) + +[https://webcache.googleusercontent.com/search?q=cache:wbTG0FLHK2IJ:https://utilityweek.co.uk/rema-reform-is-coming-but-the-scale-is-up-for-grabs/&cd=5&hl=en&ct=clnk&gl=bg&client=ubuntu](https://webcache.googleusercontent.com/search?q=cache:wbTG0FLHK2IJ:https://utilityweek.co.uk/rema-reform-is-coming-but-the-scale-is-up-for-grabs/&cd=5&hl=en&ct=clnk&gl=bg&client=ubuntu) + +[https://www.gov.uk/government/news/uk-launches-biggest-electricity-market-reform-in-a-generation](https://www.gov.uk/government/news/uk-launches-biggest-electricity-market-reform-in-a-generation) +Just asked a simple question about low maintenance gardening that I wouldn’t have to take care of too much once I move out of my 3 family. I was met with disdain for *exploiting* people’s rights to have a roof over their head. + +Just had to vent about it. +When I was working for the Man, I always dreamed of owning a grand estate. To me, "making it" was living in a home like the movie producer in The Godfather, sans horse head. + +Now that I could swing something awesome, I have little interest. I live in a house under 2,000 sf, technically a barge so it's kinda cool, but when I see a mansion I envision always having a punch list of things that have broken and fixers to call. + +For those of you who live(d) large ... is the awesomeness worth the hassle? +Smith argues that it's nigh impossible to ascertain the average profit of a given trade due to all the variables that go into it, and proposes interest rates as a better means of assessing profitability of a trade or a nation. I have a few questions about the topic + +1. In Henry VII's reign, interest rates were set at a maximum of 10%. In the 18th century, rates have gone down to sub 5%. How is that possible, considering Europe was much more developed, sophisticated, and commerce oriented in the 18th century than in the early 16th century? Should interest rates be higher in the 1700's being there were much more opportunities for commercial enterprise at larger scale? It couldn't be that profitability was superior in the 1500's than in the 1700's. +2. Why is it that interest rates were low in a highly-developed, trade heavy Holland, yet higher in agrarian France? Wouldn't more people need capital in Holland than in Normandy? +3. What does Smith mean when he says "Stock"? He seems to use that in context of industry, workshop, investors and 15 other meanings. +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/EKU2tVBp9u) +After last week’s livestream **sending $20k to a charity**, which resulted in a massive price upswing, **HappyCoin** is gearing up to **send out another $50k at 9pm UTC tonight on** Twitch( **watchhappycoin)**! As part of a weekly series that should only gain more traction as larger organizations come on board (it’s been teased that there should be some major charitable organizations on the way, meaning huge mainstream appeal), this is the kind of livestream that you’re not going to see with any other token, particularly on BSC. + +That’s because most of your teams out here are completely anon and don’t have the kind of charisma that actually guides organizations like thisese to success. Consider how deftly other large $100M tokens have made it through being “hacked,” defrauded and otherwise lost investor money . **It relied on the charm and transparency of the team to deliver a full rebound from crashing 50x, including a swing to 100x.** + +We all know this space faces long-term issues from speculative bubbles (not the crypto market, that’s about to go on another run, but the memecoin market) but if there’s anything to learn from other speculative bubbles is that the ones who do win are truly godsends. **Think about the dotcoms that survived out of the initial bubble.** Those are your big four companies that control the world now. Even on a smaller scale, the most rare of Beanie Babies still go for millions. It’s to say, if you can survive the crash, you become stronger than before. + +We still have plenty of time as the alt season meters are finally tilting towards a gigantic burst ahead for our favorite shitcoins, **BNB is blasting to another new high as Ether’s gains spill out to the rest of the DeFi market.** But know that a company with this kind of vision and ability to be innovative represents a good promise that **goes beyond its current $20M market cap.** + +While the future is unknown, we understand that charitable organizations have found footing in new markets in the past from all the exposure the internet brought to so many lesser-known and in need of awareness causes. If **blockchain is to be Web 3.0**, you can imagine the charitable applications of the space continuing to expand **with HappyCoin firmly in the center of that.** + +So, when you watch tonight’s stream be sure to think about what this organization is doing, the kind of reaction it’s getting from traditional charitable organizations, and the potential that comes with the legitimacy of being **one of the first charity tokens** (certainly one of the first with a **confirmed CEX listing on WhiteBIT, coming next week!**) and one that always had its finger on the pulse of innovation in outreach. + +Website : [https://www.thehappycoin.co/](https://www.thehappycoin.co/) + +PancakeSwap : [https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0xB0B924C4a31b7d4581a7F78F57ceE1E65736Be1D](https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0xB0B924C4a31b7d4581a7F78F57ceE1E65736Be1D) +Voting is now just as important as buying and holding. RC would need to prove that there are naked shorts and synthetic shares, the ONLY way he can PROVE this is more votes than that actual float. If 100 million votes come in with a float of only 22 million, he can use this as ammunition as it PROVES there are naked shorts and synthetic shares. Why else would GamsStop want us to cast our votes AS SOON AS POSSIBLE! Never before have they included this statement in the proxy. VOTE VOTE VOTE! + +EDIT: Guide to Voting here - https://www.reddit.com/r/Superstonk/comments/mwxsl5/proxyvotecom_how_to_vote_your_shares_if_your/?utm_source=share&utm_medium=ios_app&utm_name=iossmf + +EDIT: For Europoors - https://www.reddit.com/r/Superstonk/comments/mwpqdf/europoors_what_needs_to_be_done_to_be_able_to/?utm_source=share&utm_medium=ios_app&utm_name=iossmf +Made a career move and received my vacation time (that I built up for a decade) paid to me in one lump sum. All day yesterday, after I paid the bills, I kept having those bills pop into my head before I had to tell myself they don't exist any more. I have to say the stress relief is worth it alone! More motivated than every to pay off bills! +**Edit 1: Requested TL;DR -** Remember that scene in Independence Day where the great Will Smith during a dogfight takes the baddie alien super low and into the canyon before they both crash? Or when we lost the indomitable Jamie Foxx in Stealth? Well, the lower you go the higher the probability there is for fatal error. GME volume has been suppressed to a point where any slight mistake by Citadel or added buy pressure will make price go BOOM. + +[I wonder which is DFV and which is Papa Cohen](https://preview.redd.it/6321tr32nrw61.png?width=693&format=png&auto=webp&s=99263b4154f4b68260cee266ac4f091f2ecb99ea) + +Sorry for the spoilers. + +*Anyways....* + +**Overview and educational terms** + +Let me ask you: what happens when a market maker stops making the market? + +In life, and certainly when it comes to the tale of naked shorting $GME, sometimes one problem creates another. That’s exactly what Citadel is experiencing with their well-documented movement of buy orders to dark pools. + +During this brief Ted Talk, I’ll venture to prove that Citadel’s strategy of selling in the open market while buying in dark pools is marching GME toward Zero Liquidity. *Tick tock. Tick tock.* The motive behind removing buying from the open market is to limit buying pressure and balance with selling to stabilize the price. Over time, this action has reduced liquidity with a trajectory of it being near zero. + +While zero liquidity is impossible without delisting, my argument is that this march to a theoretical point of zero liquidity has created a new problem for the short hedge funds – high risk of extreme volatility and slippage. + +But first, a few definitions of terms: + +* Volume: the number of shares traded of a security within a single day. Edit #3: reword for clarity. +* Bid-Ask Spread: the space between the lowest seller and highest buyer, which facilitates the market. +* Market Maker: a firm that actively makes bids and asks to provide liquidity for participants to have a market that fairly quotes price. They make money by setting buy orders at $100 and simultaneous sell orders at $101, for example. +* Liquidity: the degree to which an asset can be quickly bought (bid) or sold (ask) in the market at a price reflecting its intrinsic value (spread). If there is a big gap between the bid and ask, $95-$105, it’s hard for a trade at or near the mean of $100 to happen. +* Volatility: how bigly a security can move around its mean value. +* Thinly Traded: a security that cannot be traded without significant change in price. +* Slippage: the difference between the expected price of a trade and the point at which the trade is executed. This can occur when a large order is executed and there is not enough volume to maintain the current price range within the big-ask spread. +* Dark Pool: a system for private trading of large orders outside of the market until the trade is settled. + +***Their January solution turned into May’s problem*** + +Ever since mid-January, volume moved on a decreasing slope. I downloaded historical quotes ( [https://www.nasdaq.com/market-activity/stocks/gme/historical](https://www.nasdaq.com/market-activity/stocks/gme/historical)) to begin my research here. Sure, we’ve had spikes that likely are instances resulting from the [well-documented FTD Cycle](https://www.reddit.com/r/Superstonk/comments/myxei0/hank_returns_with_some_ftd_cycle_dd/). However, when charting a 5-day trailing average of volume by percentage of the mid-January squeeze, the number of shares traded according to NASDAQ historical volume is declining significantly. + +&#x200B; + +[Raw NASDAQ volume data since mid-Jan squeeze](https://preview.redd.it/g6osoi3rhrw61.png?width=415&format=png&auto=webp&s=88f45921e169ec7e7df74e0ed59adbf0d7faabea) + +[5-day trailing average data \(I'm good with crayons, not with excel\)](https://preview.redd.it/qhkzdpt9grw61.png?width=740&format=png&auto=webp&s=4caf492e135f5a431bb0fc725a11a88c1471f425) + +So significant to the point where **multiple days this past week had only 5% of mid-Jan volume levels** traded. Furthermore, every five trading days results in a halving of the percentage of volume traded relative to the initial problem. + +There are likely three causes for this decline in volume: + +* Reduction in buying from retail as price increased / our SOs found out +* Reduction in buying from institutions as implied volatility of options made the trade less attractive +* Increase in dark pool buy orders executed by short hedge funds ([https://www.reddit.com/r/Superstonk/comments/mpebkz/sells\_through\_the\_major\_exchanges\_buys\_through/](https://www.reddit.com/r/Superstonk/comments/mpebkz/sells_through_the_major_exchanges_buys_through/)) cc: u/koreanjc + +Now, as we all know, **it doesn’t cost us anything but our wives’ boyfriend’s trust to buy and hodl.** However, short hedge funds are spending money each day to push off not covering the massive amount they shorted before and especially during January. + +*Tick tock. Tick tock.* + +To do so, [they are rehypothicating shorts and limiting buy pressure in the open market by routing their purchases through dark pools](https://www.reddit.com/r/Superstonk/comments/mvdgf5/the_naked_shorting_scam_in_numbers_ai_detection/) (cc: u/broccaaa). The result is that the daily volume continues to decline each week to the point where GME price action has become a shell of its old self. I can relate. The result of their limiting volume in the open market is that **they have turned GME into an unnaturally thinly traded stock that is primed for significant volatility should any amount of buy or sell pressure hit the order book.** + +*Tick tock. Tick tock.* + +So, what happens if this trend continues toward theoretical Zero Liquidity? + +1. Regular Trading Hours will look more like Pre-Market – low volume of shares moving each minute. +2. Widened Bid-Ask Spreads – the gap between what the lowest seller is willing to sell and highest a willing buyer is interested in paying for through limit orders will widen making orders fill far above or below expectations. +3. Slippage – whenever any substantive buying pressure happens, the price will slip upward significantly. Logically, a thinly traded stock can slip down significantly too should there be substantive selling pressure. However, we apes illogically (to them) buy every dip historically. + +*A quick subjective note on slippage: Do you recall those odd mid-day spikes in volume that are greater than the first minute of trading? I think someone is taking GME’s temperature to see how subject it is to slippage.* + +&#x200B; + +[4\/29 after lunch high volume candle, which was greater than first minute of regular trading hours candle.](https://preview.redd.it/as731hdrgrw61.png?width=1860&format=png&auto=webp&s=974d1698fc520cc8c45e5109d8f4471d93d362e1) + +**This is their new problem.** + +If volume continues to stay this low or goes lower, a whiff of buying pressure will make the stock price shoot upward. If Ken gets the nervous poops and eases up on the selling because he spent too much time on the pot, stock price will shoot upward. And, given the trend, **there are probably less than 5 trading days (edit 2: this is a trend-based guess) before they have to add liquidity back into the market or else.** + +You see, the problem is that when the short hedge funds, particularly Citadel, moved volume to the dark pools, they stopped making the market. This is a dereliction of their duty as a market maker. And, they can only do it for so long. ***Tick tock. Tick tock.*** A market with buys and sell is required to keep the bid-ask tight, establish a fair price for participants, and limit slippage when large orders come in. In fact, the whole point of dark pools is to be a portal for large orders so they don’t eat up all the bids or asks. **Now that half the market is being made in the dark pool while the other is in the open market, they have created the new problem.** + +They have marched GME to the point of theoretical zero liquidity, which poses threats of extreme volatility and slippage. + +**Citadel is at a point of needing to add volume or go bust.** And, we all know what happens when GME gets volume. + +*Tick tock. Tick tock.* +Monday, July 26, 2021 + +MOON $0.2281 + +DOGE $0.2104 + +Congratulations everyone. This amazing community containing plankton to whales has done something truly incredible. We will all look back on this day and laugh as the Dogers claiming it will hit $1 with no understanding of tokenomics are crying while we are laughing and shit posting to a better life. + +I'm happy I was here with all of you to witness greatness happening. + +Edit: If you're wondering how to get moons, make sure to click on your profile pic and activate your vault! Back up your seed and the. Start contributing by posting, commenting, and upvoting to earn moons! They're distributed once a month + **What is Happening?** +Moderna is [not enforcing patents](https://taylorhoffman.us17.list-manage.com/track/click?u=abfd6114e6972955bfd6f87f4&id=3c063d1caf&e=0a139504b4) on its coronavirus vaccine. Per Moderna's President Stephen Hoge: "We're not interested in using that IP to decrease the number of vaccines available in a pandemic".  + +**Why does this Matter?** + +This is an enormous development for the efforts being made by other companies and governments across the globe. Moderna will not be blocking further advances made by other firms due to proprietary information.  + + +Investors have reportedly been inquiring about what Moderna had been planning to do with the patents for quite some time. Moderna executives found it important to notify both investors and the greater public that pharmaceutical firms will be working together to address the COVID-19 pandemic as efficiently as possible.  + + +This is obviously a positive sentiment for the greater market. The sooner pharmaceutical companies mass-produce an effective vaccine, the sooner we can enter economic recovery.   + + +**The Takeaway from Taylor Hoffman Capital Management:** +Despite the reputation of 'Big Pharma', companies such as Pfizer and Moderna are willing to work in conjunction with each other for the sake of bringing the pandemic to an end. +Edit: A major piece of this puzzle just hit me in the comments from an ape who read the OG DD!!!! RC WORK tweet is pointing to 1933 Act, the same act cited in this 741 form from Dreyfus! Ive added it into the DD below. Jason Waterfall, you beautiful bastard! + +As the debt is now coming due, and Kenny is probably desperate to find a counterparty to onboard his fucking market crashing sized crime bag. I have been asked to update a previous DD I made in hopes other apes can add more now. Please share this and comment anything you find relevant. + +7 4 1 and the huge bag of illegal naked synthetic shorts. + +I found a document filed by Dreyfus Florida Municipal Money Market Fund in 2007 + +https://www.sec.gov/Archives/edgar/data/911746/000091174607000015/form-741.htm + +Form 741 as described by this ape - https://www.reddit.com/r/Superstonk/comments/q8cf95/sec_form_741/?utm_medium=android_app&utm_source=share + +At the bottom of this form, it mentions some of the securities do not need to to be registered inder the 1933 Act... + +"Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in   transactions exempt from registration, normally to qualified institutional buyers. At August 31, 2007, these securities   amounted to $44,315,000 or 16.3% of net assets. " + +That sound familiar? Because I only want to hear from candidates who want to WORK (Slack) lawsuit on selling unregistered shares! Holy shit! That's what RC is hinting to us! Slack is being sued for exactly this!!! + +https://www.reddit.com/r/Superstonk/comments/qdb2g7/shout_out_to_wrinkly_brains_about_that_sec_form/?utm_medium=android_app&utm_source=share + +The Dreyfus name rang a bell...So I dug a little bit deeper. + +Guess who owns that fund? + +BNY Mellon + +https://im.bnymellon.com/us/en/ + +Guess who clears Kennys trades? +Guess who holds the "Brazilian Puts" +Guess what fund Goldman had to bail out to prevent dominos. Dreyfus + +Goldman also has a bunch of Dreyfus in their company +https://www.google.com/amp/s/ca.wallmine.com/people/65605/maria-s-dreyfus.amp + +Again + +https://www.linkedin.com/in/daniel-dreyfus-b65554209 + +Daniel has a history with Goldman before heading over to 3G Capital in Brazil 👀👀👀 Those Brazilian puts looking real sexy huh Daniel? +3G Capital is a Brazilian-American multibillion-dollar investment firm + +https://www.privateequityinternational.com/3g-capital-quietly-hires-goldman-executive/ + +Goldman also showing evidence of being in bed with Mellon/Dreyfus when shit was getting real - https://www.reddit.com/r/Superstonk/comments/q50q3j/was_bny_mellon_taken_over_by_goldman_from_the/?utm_medium=android_app&utm_source=share + +Im sure you can all find how intertwined this name is at Goldman. Be helpful to get more eyes here + +Because Fidelity fucked with apes today, good to know whos been breathing down Fidelitys neck for shares to borrow - “Fidelity uses an unaffiliated securities lending agent, **Goldman Sachs**, for its equity funds.” + +Since 2017 this is the likely the fund used to naked short GME to oblivion, likely others too. But one eerie point stood out to me 741 - I shit you not. go look for yourself. 741B + +BNY Mellon's Dreyfus Corporation serves as the investment manager of the fund, and MBSC Securities Corporation, a wholly owned subsidiary of Dreyfus, serves as the fund's distributor. The fund is sub-advised by Pareto Investment Management Limited, an affiliate of Dreyfus and a wholly-owned subsidiary of Insight Investment Management Limited ("Insight" or "Insight Investment"), a BNY Mellon investment boutique with $741 billion under management globally2. + +https://markets.businessinsider.com/news/stocks/bny-mellon-investment-management-launches-multi-asset-fund-1001909081 + +Found some compelling evidence from DFV. yeah thats right. Look at the dates vs gme share price, whats her name? Why would she be relieved? + +https://mobile.twitter.com/TheRoaringKitty/status/1405258938543742976?s=20 + +https://mobile.twitter.com/TheRoaringKitty/status/1405204944471445505?s=20 + + +And then Daves tweet below, pushed me to Seinfeld again.... https://www.reddit.com/r/Superstonk/comments/q87vjy/what_do_the_numbers_mean_mason/?utm_medium=android_app&utm_source=share + +Dave almost instantly deleted this tweet. Dave never deletes tweets....🚨🚨🚨 Look at the title of the post. Look at the format of the tweet! "whats the deal" ... remind you of a certain sitcom? Notice what Tungsten is on the PTE 74(1) + +I believe I have found out who is colluding with Kenny and Co to hide, recycle, and naked short GME via deep options and dirty swaps. This is the entity spoken about but not named in this recent DD - https://threader.app/thread/1441157342045749253 + +Im now getting very confident about this, and a huge bag of these puts expires tomorrow as per the briefly visible Bloomberg Terminal 150 puts showed. T+35 puts us exactly at the absolute end of this wedge End of Nov. to end of dec. + + DFV tweeting twice Elaine Dreyfus relieved and wanting to move on.. just after our spike to 350ish... yeah there is something here. I think Dreyfus fund, that holds alot of celebrities' money, is about to get rekt. I see you Michael Jordan 👀 + +A recent Burry tweet #GMESQUEEZE shows a sheet with Merrill Lynch shorting into GME buyback to avoid being squeezed. Merrill.... are you connected to this toxic Dreyfus bag.... didnt take long to find that answer. + +A look into Dreyfus has uncovered some dark shit. But noteable names be showing up on page 55 of their Mutual Fund Disclosure in 2008! Oh hello Merril Lynch and every other bad actor garbage shit fund... + +Merrill Lynch, HSBC, Leeman, Credit Suisse. 2008 never ended...just got kicked. + +https://www.google.com/url?sa=t&source=web&rct=j&url=https://www.sec.gov/Archives/edgar/data/30160/000003016008000005/dmmi485.pdf&ved=2ahUKEwjzvrjywcvzAhUfknIEHWC5A48QFnoECA8QAQ&usg=AOvVaw0kR-5Ewsv8BhZihy0Diti1 + +and on page 56 we have a link to dreyfus.com +who is the manager of the fund right. Do me a favor visit dreyfus.com + +Where does it redirect.... BNY Mellon + +Oh buddy, I have found the counterparty who took the bad bet from Kenny and co. + +Look at BNY Mellons Dreyfus CUSIP number, familiar? + https://im.bnymellon.com/us/en/individual/funds/05587K741 +Edit: Since my original DD, they have killed this link 👀 +But use a CUSIP lookup - 05587K741 +Edit 2: Banker ape looked up the CUSIP and noted that it was originally different changed on 06/03/2019 "The original cusip was 86271F768. It was called Strategic FDS INC or Dreyfus INTL STCK-1 FUND" + +Kenny onboarding Sr execs from Mellon to work this problem internally + +https://www.reddit.com/r/Superstonk/comments/r5u5w8/kenneth_griffin_hired_the_vice_president_of_bny/?utm_medium=android_app&utm_source=share + +Do you see what Im saying here? Look into Dreyfus and you shall find the trail to Kenny. Looking forward to other wrinkles getting their heads around this. + +A message to two specific people. I await the sign. You know who you are + +Message to all apes. DRS is the only way you can fight this. Options are only for those who are professionals and exercise(DFV) at any and all cost no matter what ITM or OTM. Shout out to that tard who exercised last week way otm, you are a hero. If you play options, you MUST be as retarded as you can and exercise every single one and DRS(the algos cant beat this, Kenny will have to deliver shares on the option, just like they cant beat holding. DRS Exercise DRS +I'm a 20 year old college student. When I was 16 my dad passed away and I inherited his estate which is currently worth 350k. I'm on summer break right now and I really don't want a summer job. I just want to enjoy my summer, hang out with my friends and pursue my hobbies. My Mom disagrees with me and says I'm a loser. She thinks I need to continue to build my savings and it will give me some work ethic. I obviously don't need the money but what would you do if you were me? +EDIT/CORRECTION: As some Apes have pointed out, FUD is probably the incorrect term for this post, it should be labeled as DEBUNKED. Sorry about that, too many crayons for breakfast. + +EDIT2: I have chatted with the author of that tweet. To clarify my intent, I only wish to correct misinformation, not to launch personal attacks. I saw incorrect information and reacted strongly in this post with terms like FUD & DEBUNKED. This does not mean I will not continue to correct misinformation, just that I will do it with more tact. + +EDIT3: The Author of the tweet still wanted this image below removed, I said no and will apparently be reported, I said go ahead, my patience has reached it's limits. + +&#x200B; + +Yesterday I saw this post from u/einfachman: [https://www.reddit.com/r/Superstonk/comments/p7l5bl/kenny\_sent\_another\_14\_billion\_to\_cayman\_islands/](https://www.reddit.com/r/Superstonk/comments/p7l5bl/kenny_sent_another_14_billion_to_cayman_islands/) + +It was a screenshot from a Twitter account claiming that $14B was transferred to the Cayman Islands recently, they didn't and I can explain what's really happening. + +&#x200B; + +[I replaced the initial version of this with FUD overlaid, DEBUNKED is a better description and I wish I could alter the title of this post, I'll cut down on the morning crayons in the future.](https://preview.redd.it/3l05t7pl8ji71.png?width=475&format=png&auto=webp&s=537661d4eacb199ba66a419d44b12ae52dbdbf09) + +I actually created a Twitter account for the purpose of replying to clear up the ~~FUD~~ misinformation, but apparently this account can't be replied to, any account that does not accept criticism sends up red flags, so I will clarify here. + +This Form D [was filed on May 5, 2021](https://www.sec.gov/Archives/edgar/data/0001199937/000180233221000005/xslFormDX01/primary_doc.xml) and [I had already addressed why so many Form D's were being filed in this post](https://www.reddit.com/r/Superstonk/comments/np6f78/citadel_has_been_filing_form_d_amendments_and_ill/). So this is actually old news. + +This filing is an amended Form D. They must be filed annually OR if anything changes since the lat filing was made. As you can see, these filings have been going on for a while. + +[List of Form D Amendment filings by Citadel Kensington Global Strategies Fund Ltd. https:\/\/www.sec.gov\/edgar\/browse\/?CIK=1199937](https://preview.redd.it/r4uo25dfjii71.png?width=682&format=png&auto=webp&s=81ce8d3843f984679fc0d44743226460906b35b5) + +So, what is a Form D for? Here's the explanation from [investor.gov](https://investor.gov): + +[https:\/\/www.investor.gov\/introduction-investing\/investing-basics\/glossary\/form-d](https://preview.redd.it/he8c1q0hkii71.png?width=701&format=png&auto=webp&s=23c3ce8470368ec7f5502eb5d9033f9b6e26fce3) + +Registered securities are done of Form S-1, S-3, etc, UNREGISTERED securities are put on Form D. Here is the most recent filing, marked up to show what is happening: + +&#x200B; + +[https:\/\/www.sec.gov\/Archives\/edgar\/data\/0001199937\/000180233221000005\/xslFormDX01\/primary\_doc.xml \(Comments mine of course\)](https://preview.redd.it/qpsg0sciqii71.png?width=797&format=png&auto=webp&s=355726f29eef1cf2c70ae1f16b98c6d584f627b1) + +Unlike that Twitter account, I will update this post with answers to any questions you may have. + +MOASS is inevitable, buy & hold, not financial advice. +There are only 21 Million Bitcoin that will ever exist. Currently there are only 18.5 Mil in circulation. Of this, 4 million bitcoin are considered unrecoverable bringing the supply down to 14.5 Mil. Of the bitcoin that is mined everyday, that entire supply is bought by Greyscale alone. With other companies adding bitcoin to their balance sheet, thousands of bitcoins are being accumulated by the day lowering the amount in circulation even more. In the coming months and years we will start to see financial institutions buying bitcoin to provide financial serves such as ETFs and derivative products. + +There is literally not enough bitcoin for everyone to go around. It is an asset in high demand and very little supply. The days of being able to afford 1 bitcoin is already over for the middle class. The days for the middle class not being able to afford 0.1 Bitcoin is coming. + +If you have the privilege of owning 1 BTC, you are blessed. If you have ANY amount of BTC you are blessed. Anyone that is considering selling their bitcoin to take some profits then think again. Big institutions are sitting there WAITING to steal it from you. This currency was made for us little guys, not them. If you sell your bitcoin then you don't deserve to be apart of this market. You are taking a gift and giving it to the people who want to control you. Whether Bitcoin goes to 1Mil a coin or zero, keeping control of this currency is all that matters. Bitcoin is not just about money, it's a movement. It allows us to have a voice in an unfair system where we are controlled by the elite few. It allows us to say that we choose to NOT participate in your game. Bitcoin is power, and to give up the power you have to the powerful is sad. Remember the reason you originally bought, and no matter how high bitcoin goes, remember the reason we HODL. This will be a bumpy ride and I wish you all the best. +Key statistics + + + +* The Consumer Price Index (CPI) rose 2.1% this quarter. +* Over the twelve months to the March 2022 quarter, the CPI rose 5.1%. +* The most significant price rises were New dwelling purchase by owner-occupiers (+5.7%) and Automotive fuel (+11.0%). + +Source: [https://www.abs.gov.au/statistics/economy/price-indexes-and-inflation/consumer-price-index-australia/latest-release](https://www.abs.gov.au/statistics/economy/price-indexes-and-inflation/consumer-price-index-australia/latest-release) +I understand that everyone's definition of success/financial freedom and planning are different. I understand that everyone comes from different financial background and has varying expenses across their life. I am looking to understand how much your salary was at that time you were able to take a deep breath and hear from you all. For me, I am still under the 80k mark and have a decent amount of student loan debt so I can't even understand what that number will be for my situation. +My daughter got sick found out it was cancer and job fires me immediately stated I was now a liability now months later and I’m about to lose everything with 2 kids one fighting stage 3 lymphoma people are ruthless +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) +I'm going to type this, nobody will probably read it but I want to explain why I'm here. I just got my privilege to post and comment TODAY!! So I'm happy about that and I'm putting it to use. I joined back in Jan, followed the GME train and bought in at the high $200's, I have a few shares, averaging $180. So I'm not a high stakes roller like most of us here but *this is the point...* + +I feel like for the first time in my 41 years, a part of something big, positive and united! The chance I have to do my small part, and join something BIG, something people will be talking about for generations I'm sure, has given me a sense of pride and happiness. So really, the money isn't the point for me, but helping all of us to expose the rich bastards who profit off of failing companies, stealing from the poor, with no conscience, is the real reason I'm here. GREAT if we eventually all profit, but I feel important, and money can't buy that. I'm framing this post if I get an award, means more to me than money y'all. + +So keep hodl ing...keep fighting, keep buying the stinky stonks, DON'T JUMP THE ROCKET and be proud of who we have become. + +APESTONK PROUD!! + +&#x200B; + +EDIT!: + +HOLY CRAP YOU GUYS!! THANK YOU SO MUCH!!! As promised, framed for life!! + +[HAPPY APE!](https://preview.redd.it/mkb87jqfarr61.jpg?width=1280&format=pjpg&auto=webp&s=c70af5eca8e320d73b7735773facf10ad28dd3fe) +This can’t be brushed off as mod drama because these two have taken a power trip and become delusional as to what a mod is. Pink came out with screen shots of a conversation between RED and Hey_Madie. + + +In this conversation, Madie is whispering negative sentiment about other mods to Red. RED CHESS QUEEN IS MIXING HER PERSONAL AFFAIRS WITH SUPERSTONK. + + + +Madie has been previously shilling a wallstreet sub by calling GME a pump and dump and shilling Weed stocks. She was able to bypass satoris algo’s and become a mod made possible by RED. + + +Madie was called out by Dr.T and yet no one did anything but brush it over. +Pink was removed when RED WAS THE ONE WHO MADE THREATS AGAINST HER. + + +If you don’t believe me read u/pinkcatsonacid post + + + +REMOVE MADIE AND REDCHESSQUEEN FROM MODERATOR LIST. + + +Edit 1: idk if this sub will fall or not, I sure as hell hope it doesn’t. On the contrary pink was permabanned and has created a new sub GMEjungle if anyone else wants to join that sub too. + + + +Edit 2: Madie had made a comment saying “Diamond Hands = Bagholders” but has now deleted the comment. 🤔 +I couldn’t find a decent answer on google so I’ll ask here. What have been the effect of QE on inflation and the value of currency? I had heard (word not taken as gospel) that there had been deflation (in the uk at least), and was wondering if firstly that’s true, and secondly how pumping lots of new cash into an economy can’t cause inflation. + +Sorry if the second question breaks the rules for being too vague +Often times, there will be a work of fiction where bounty hunters hunt people and get the bounties on their head? How exactly would stuff like that get priced? + +Was thinking that the break even point for the organization issuing the bounty would be the amount of damage that the individual would cause for them had they not issued the bounty. + +And the break even point for bounty hunters is expending less resources than the bounty amount. + +Is there anything examining this sortof thing? Are there any similar concepts? +Hello, + +I have been trading for a little over a year now. After I was consistently able to make $1,000/week, I quit my job and since then have made $150,000 after taking out my original capital. + +The only issue is that my friends and my wife’s friends ask me about my job when we chat, and I still tell them I am a recruiter. How do I tell ppl I trade financial derivatives without sounding like an asshole? + +I mentioned that I do this in the side before, but I don’t want to reveal how much I made, which may come up if I tell them I do this full time. +https://twitter.com/Forbes/status/1532732291658797056?s=20&t=UL8NEqc35OckpAwOxsVb9A + +Tesla CEO wants to lay off around 10% of Tesla’s workforce due to his concerns about the state of the global economy, Reuters [reported](https://www.reuters.com/technology/exclusive-musk-says-tesla-needs-cut-staff-by-10-pauses-all-hiring-2022-06-03/) on Friday citing an internal email sent to company executives, a move that could see thousands of workers at the electric car maker lose their jobs amid growing fears of a recession. + +CEO sent an email on Thursday ordering a freeze on new hiring and wrote that he has a “super bad feeling” about the state of the economy. + +Despite the purported email, Tesla’s LinkedIn [page](https://www.linkedin.com/company/tesla-motors/jobs/) continues to show more than 5,000 active new openings at the company as of early Friday morning. +* Q2 - July to Sep - GDP numbers were released earlier today +* The fashionable way to put it: "GDP print came out as negative 7.5% for the quarter' +* Many projections were -8% to double digits; so the numbers are better than projections +* Recession is defined as two successive quarters of de-growth. So India is in 'technical recession' +* 'Technical' since the expectation is that the trend has already reversed and there could be growth soon - some predictions for Q3 and the rest for Q4 +* Agriculture grew 3.4% and Manufacturing grew 0.6% +* Construction contracted 'only' 8.6% + With all this volatility, I’m hearing a lot of people advise that investors put their money in “safe-haven” stocks. Common safe-havens I hear people advise are companies like JNJ, PG, WMT, BMY, COST, and KO. + +As a value investor, I decided to analyze these stocks to see if they are selling at fair or discounted value. These stocks typically make up a large portion of most value ETFs. But are they truly “value” stocks in the sense that they are selling below their intrinsic value? + +Here is what I found: + +**Johnson & Johnson** + +JNJ is a great company. It has a great ROE, impressive profit margins, low debt, fairly consistent earnings growth over the past 10 years and a solid brand. + +But is it selling for fair value? Not even close. Assuming a 9% earnings CAGR (a generous assumption considering its growth rate for the past 5 years is 5.7% and analysts are estimating a 5% growth rate over the next 5 years), JNJ’s intrinsic value is only $94/share. It is currently selling at $177. JNJ would need to maintain a 19% earnings growth rate in order to justify its current price. + +**Procter & Gamble** + +PG is another great company. It has all the same strengths as JNJ (High ROE, profit margins, low debt, consistent earnings and many strong brands). There are a few red flags, though. First, insiders are selling the stock at a rapid rate and its debt level is higher than JNJ. This is especially concerning because PG has significantly less cash to cover its debt. + +Despite these red flags, PG is worth well over $160billion. The only problem: its current market cap is $345billion. To justify its current, high price, PG would need to maintain a 21% growth rate, which is very unlikely considering its past growth rate of 9.5%. + +Procter & Gamble may be viewed as a safe haven by many investors, but is not a good value. + +**Walmart** + +WMT is a behemoth. But it is still very overpriced. By analyzing its fundamental value, including its earnings, past growth rate, expected future growth rate, profit margins, ROE and debt levels, I calculated Walmart’s intrinsic value to be $52/share. It is selling for $122. + +**Bristol-Myers Squibb** + +BMY is, perhaps, the most overpriced stock on this list. I calculate its value at around $22/share. It is currently selling for $77. I was surprised to see that most pharmaceutical companies are selling at a massive premium, including LLY, ABBV, BIO, BIIB, GILD, MRK, PFE and WST. Pharmaceuticals do not look like good hunting grounds for value investors right now. + +**Costco** + +I love Costco. I spend hundreds of dollars there every month and have tremendous brand loyalty. But is Costco selling at a reasonable price? No. + +I calculate the value of COST to be around $130billion. It has a market cap of $212billion. I wouldn’t touch Costco unless it drops 40-50%. + +**Coca-Cola** + +KO will always be part of value investment history because of Warren Buffett’s massive investment in the company. It was certainly a value stock in 1988. But is it a value stock now? + +It doesn’t look like it. Despite its stellar ROE and profit margins, it is growing too slowly to justify its high PE of 26. It looks like it is selling at close to double its intrinsic value. + +I also feel concerned about the level of insider selling on the stock. It was a legendary value buy in 1988, but it doesn’t look like a good value in 2022. + +**VALUE OPTIONS** + +There are some good value stocks out there. + +FAANG- After the recent dip, all FAANG stocks look fairly priced to me. META, NFLX and AAPL look underpriced. + +INTC- I calculate INTC’s intrinsic value to be around $100/share. It is selling for $38. The semiconductor space looks undervalued as a whole, so value investors should take a closer look here. + +Financials look like a great value. JPM, C, MA, DFS, TROW all look like good values. Plus, the tailwind of higher rates could help boost earnings even further. + +Autos- With the exception of TSLA, most auto stocks look underpriced. TM, HMC and F are a few of my favorites. I also like auto dealer stocks like ABG and CRMT. + +Retail- WMT and COST are both overpriced, but there is good value in the retail space. TGT is selling at a very reasonable price and BBY looks like it is selling at a 50% discount. There are also awesome values in the small-cap retail space like CONN, ASO, KIRK, BGFV and TCS. + +**I'd love to hear feedback from anyone. Especially if you think my analysis is wrong. Thanks in advance!** +Summary of my position: +26 years old. I lost my job last August due to massive company restructuring as a result of the pandemic, Internal Sales Rep on £24k. Managed to get a new job a couple of months later, £22.5k, it’s mostly admin (filling in excel spreadsheets, testing systems etc.) but the company is booming and the team I’m in is looking to grow, so I feel like there’s room to climb if I stay. My savings are £3.5k in a help to buy scheme which I put £200 in every month. I also have £575 on eToro which is a trading app. + +I have a 2018 Vauxhall Corsa “limited edition” that I bought new with Hire Purchase. I put down a cash deposit back in 2018 and pay £195 every month until March 2022, when I fully own the car. Everyone is mentioning how excited I must be to upgrade to a BMW / Merc / Range Rover when I’ve finished paying my car off. I’ve had people comment negatively about my car and how it’s a chavvy car / how I just meet 16 year olds in the McDonald’s car park. I’ve even had people comment on the car without knowing in mine, taking the piss out of it when I’ve parked it in the pub car park etc. It seems to be EXPECTED that I’ll take out a PCP for a new car and trade in my Corsa. + +I’m puzzled by this, surely it makes more sense for me to just keep my existing car, as in March 2022 I’ll have an extra £195 every month? Is there some reason that I don’t know about that means I should get a new car? +I am the last person I thought would post advice on a financial forum but I just want to pass some advice onto those of you who think you are too young to start planning for your later years. +I am 54 years old, spent 30 years travelling the world working in the oil industry, earning way above average salary, best hotels, business class flights etc. +Money was never an issue and I enjoyed it to the max . +However, I never concerned myself with financial matters. +I signed the defined contribution pension papers when I joined different companies (even AVCs) and that was the end of my involvement to be honest. +Divorced around 2012 - signed over house (£200,000) to ex and kept my boat and pensions... job done, no hassles...party time again. +Fast forward to now. + +Brain thinks “ Sh•t ! , oil industry took a dive, I can’t be bothered flying around anymore, I’m getting too old for this lark .... What assets do I have?” +Answer was NOT A LOT! +Yes, I had spent most of my income on cars, women, booze ... and squandered the rest 🥳 + +Luckily for me, On investigating the pensions I had paid into, I found that they were at least double what I’d calculated, based on my monthly contributions on my old pay slips. + +Moral of the story- DO NOT BE LIKE ME. + +PLAN PLAN PLAN + +Pay attention to your financial circumstances now so that they will look after you later. +I was lucky - it certainly wasn’t an educated decision that benefited me these 30 years later . +Even if it’s only a small amount each month, try to invest SOMETHING each month- you will thank yourself later. +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! + +ok, so firstly, + +all of the papers I found through Google search and Google scholar. Google scholar doesn't actually have every research paper so you need to use both together to find them all. They were all found by using phrases like "predict stock market" or "predict forex" or "predict bitcoin" and terms related to those. + +&#x200B; + +Next, + +I only tested papers written in the past 8 years or so, I think anything older is just going to be heavily Alpha-mined so we can probably just ignore those ones altogether. + +&#x200B; + +Then, + +Anything where it's slightly ambiguous with methodology, I tried every possible permutation to try and capture what the authors may have meant. For example, one paper adds engineered features to the price then says "then we ran the data through our model" - it's not clear if it means the original data or the engineered data, so I tried both ways. This happens more than you'd think! + +&#x200B; + +THEN, + +Anything that didn't work, I tried my own ideas with the data they were using or substituted one of their models with others that I knew of. + +&#x200B; + +Now before we go any further, I should caveat that I was a profitable trader at multiple Tier-1 US banks so I can say with confidence that I made a decent attempt of building whatever the author was trying to get at. + +&#x200B; + +Oh, and one more thing. All of this work took about 7 months in total. + +&#x200B; + +Right, let's jump in. + +&#x200B; + +So with the papers, I found as many as I could, then I read through them and put them in categories and then tested each category at a time because a lot of papers were kinda saying the same things. + +**Here are the categories:** + +* *News Text Mining.* \- This is where they'd use NLP on headlines or the body of news as a signal. +* *Social data - Twitter Sentiment/Google Search/Seeking Alpha*. Again, some were NLP, for google trends they just used the data. +* *Technical Analysis & Machine Learning together*. Most of these would take the price, add TA features, then feed into a ML model. +* *Other machine learning (as in, not using TA)*. Just using the price and some other engineered features. +* *Analyst Recommendations*. Literally just taking the recommendations from banks/brokers and using that as the signal. +* *Fundamental data*. So ratios from the income statement/balance sheet, + +**Results:** + +Literally every single paper was either p-hacked, overfit, or a subsample of favourable data was selected (I guess ultimately they're all the same thing but still) OR a few may have had a smidge of Alpha but as soon as you add transaction costs it all disappears. + +Every author that's been publicly challenged about the results of their paper says it's stopped working due to "Alpha decay" because they made their methodology public. The easiest way to test whether it was truly Alpha decay or just overfitting by the authors is just to reproduce the paper then go further back in time instead of further forwards. For the papers that I could reproduce, all of them failed regardless of whether you go back or forwards. :) + +&#x200B; + +**Now, results from the two most popular categories were:** + +* *Social data.*A lot of research papers were extensions of or based off of a paper by Johan Bollen called "*Twitter mood predicts the stock market*". It literally has 3,955 citations and is complete and utter horse shit; the paper is p-hacking to the extreme. Not only could I not reproduce the results, but given the number of sentiment indicators he uses I regularly found correlations between sentiment and my data based on how I engineered it. None of these correlations held over longer time periods. Every paper that's a derivative of this one or cites it has the same issues. +* *Technical analysis & machine learning.*Every paper would do something along the lines of.. take past price data for some asset (stocks, forex), then add technical analysis indicators as "features". Then either they'd run through a feature-selector that figures out the best features then put the best ones into a model OR they'd dump this data straight into the model and afterwards select the subset of instruments that it "worked" on. None of these would hold if you k-fold test them or test on different subsets of data outside of the ones used in the paper. The results are always based off of selecting favourable subsets of data. + +&#x200B; + +**The most frustrating paper:** + +I have true hate for the authors of this paper: "*A deep learning framework for financial time series using stacked autoencoders and long-short term memory*". Probably the most complex AND vague in terms of methodology and after weeks trying to reproduce their results (and failing) I figured out that they were leaking future data into their training set (this also happens more than you'd think). + +&#x200B; + +**The two positive take-aways that I did find from all of this research are:** + +1. Almost every instrument is mean-reverting on short timelines and trending on longer timelines. This has held true across most of the data that I tested. Putting this information into a strategy would be rather easy and straightforward (although you have no guarantee that it'll continue to work in future). +2. When we were in the depths of the great recession, almost every signal was bearish (seeking alpha contributors, news, google trends). If this holds in the next recession, just using this data alone would give you a strategy that vastly outperforms the index across long time periods. + +Hopefully if anyone is getting into this space this will save you an absolute tonne of time and effort. + +So in conclusion, if you're building trading strategies. Simple is good :) + +&#x200B; + +Also one other thing I'd like to add, even the Godfather of value investing, the late Benjamin Graham (Warren Buffet's mentor) used to test his strategies (even though he'd be trading manually) so literally every investor needs to backtest regardless of if you're day-trading or long-term investing or building trading algorithms. + + +I [try to write a bit on medium](https://towardsdatascience.com/crypto-trading-bots-a-helpful-guide-for-beginners-60decb40e434?source=friends_link&sk=6c68390cbf6ae7f464ad1666d55dba4b) even though I'm not a great writer if you wanted to read more from me and my [linkedin](https://www.linkedin.com/in/janny-kul/) for everyone asking about credibility. +$HODL is causing disruption in the financial industry with its frictionless yield farming and liquidity generation protocol. You EARN FREE BNB everyday by simply holding $HODL in your wallet + +💰HODL investors are earning FREE $BNB everday 💰 + +$HODL launched with its platform and daPP ready and their investors are claiming free BNB everyday! The excitment around the project is gaining more momentum by the day. It is the worlds first Anti Dumping Deflationary Rewards Token + +**Every transaction is taxed 10% and distribution happens as below :-** + +\- 4% to BNB Rewards Pool + +\- 4% to Liquidity + +\- 2% Re-Distributed to Holders + +HODL is also a deflationary coin with 25% Supply Already Burnt and 0.5% of every transaction gets burnt as well. + +**Features:** + +\- Anti-Whale Mechanism + +\- Highly Secured + +\- Built for the Community + +\- Transaction (Sell/Buy) that trade more than 1% of the total supply will be rejected. + +\- Whales who make transfer (between 2 wallets) that is larger than 1% of the total supply will be charged 1BNB which will further be donated to Charities + +**For more information:** + +Telegram: [https://t.me/hodlinvestorgroup](https://t.me/hodlinvestorgroup) + +Website: [HodlToken.net](https://hodltoken.net/) +Originally I was just going to try to get in a mutual agreement with everyone- you don't get me anything, I won't get you anything. But people start buying gifts early....and yeah. + +And i'm empty handed. + +I mean people are going to get me things. I just had a baby in June. It's the first baby of the next generation of my family. So I don't know why I even had an inkling of a thought I could avoid it, everyone's too excited about the first grandchild and me being a mom. But seriously, the only reason I'm making November's rent is because I got a refund from overpaying for the birth of my daughter. I'm just now completing the employment process of getting with a temp agency because the only work really available is temp to hire or seasonal work. They're gonna work on finding me work. Until then my fiance has the sole income and it's not much. + +What gifts have y'all given people during times of hardship? I was thinking I could bake each family a dozen cookies but isn't that more a default thing people do for Christmas, not a present? +Right now I have $8,000 in my savings from working multiple summers and another $7000 give or take in ETF and Index Funds. I work as a delivery driver and make around $250-500 a week depending on schedule, amount of orders etc. + +I had planned to max out my Roth IRA to just under $5,500, since my W-2 didn’t include my tips I couldn’t do the full $6000. I don’t plan to touch the $7000 since I am focused on the long term return 40 years from now. + +This leaves me with $3,500 liquidated. I would like to dabble in something more short term (3-6 months.) The stock market doesn’t really attract me because it seems to be a bunch of kids who wanna make a quick buck and barely understand bar graphs. + +I am thankfully not going to be paying for school so I don’t think keeping the 3k in cash is necessary. I’m open to any ideas. +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +The thread guidelines are as follows: + +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- This thread is meant to be more relaxed compared to the serious daily thread. Memes, lambos, moons are all welcome. +- If the front page gets overloaded with memes, all but the top two posted and voted on may be removed. Basically, please post memes in this thread first and upvote the best so the mods know which ones to keep if we need to remove a bunch of memes from the front page. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our [Ethereum Education wiki page](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Thank you in advance for your participation. Enjoy! + +Just closed on a 14 unit apartment building! Figured this subreddit would love REAL numbers and how I can achieve BRRR an apartment building (in theory). + +&#x200B; + +12 residential, 2 commercial. Numbers are actual and on the conservative side. + +I'm assuming 850 for 3 beds, 700 for 2 beds, 600 for 1 beds. I had a tenant with an $805 voucher looking for a 2 bed so I feel confident I could get a 3 bed voucher for $925-950 or so. FMR for 3 bed is $1010 for that zip code. + +&#x200B; + +Current Rev = 91k + +Expenses = 53k (a bit high) + +NOI = 38k + +Debt service 14k + +FCF = 24k, cash on cash \~11.5% on actuals. + +Purchase = 375k, put 200k down and private money loan for 175k @ 8% + +&#x200B; + +Pro Forma: + +Top line rev = 118k - value add strategy of putting section 8 tenants in this building. + +Expenses = 68k + +NOI = 50k + +Debt service = 11k (Refi at 375k, assuming 4%) + +Free cash flow = 39k with no money left in the deal. + +Value at a 10 cap = 500k. I'm pretty sure I could get it underwritten at a 8.5-9%, but let's use 10% to be safe. + +Refi value . 75% of 500 = 375k (aka purchase price). + +&#x200B; + +This is a solid C class property in a tertiary market in the midwest. I am out of state (from CA) and have a full team there. I also bought an 8 unit for 200k about 20 min away. +I’ll keep this brief: + +it’s all fun and games until someone gets caught with their pants down. + +this is a volatile market and anything can happen. I know most of you understand this but we seem to get new visitors daily here, so for those who don’t... + +please keep some cash aside for unforeseen circumstances. please. you will thank me later. + +source: I have been shoveling money into my bottomless pit of a portfolio for weeks with reckless abandon. my gf of 4 years just broke up with me this morning. she is moving out next week and I am going to covering expenses by myself until I find a housemate or a new place. + +in one day I’ve gone from financially secure to cutting it dangerously close. if I didn’t have cash set aside I’d be having to do a personal capital raising by selling my body. + +thank you for coming to my TEDx talk. +Looking at stocks in India, we have a lack of stocks in the technology space. Only a handful (TCS, Wipro, Infosys, and new players i.e. Mindtree, Happiest Tree Tech.). + +I have 2 questions: + +1. Is it a lack of growth prospects for these companies compared to other stocks such as Hindustan Unilever and Asian Paints that makes less technology companies to IPO in India? + +2. Are fundamentals good for the tech stocks in India? +Welp, long time aspirational lurker. Finally on my way. + +I have done well. I am 27 and worked my way up from $45k to low 6 figures with healthy savings over the past 5 years but just made the big jump. + +Just received a job offer from a FAANG company that puts me at about a quarter mil annually with significant potential for more with stock and commissions. Probably looking at working out the rest of my career here so it's likely only up from here. + +I will be moving to a H(ish)COL area but not NYC or San Fran expensive so its manageable. I own where I am now and have about $60-70k in equity so that will be a nice payday too. + +So what now? I am looking at employment attorneys to look over my offer and ensure no surprises. Do I officially need to get a CPA/ wealth manager now? Any other advice? +Moral of the story: Only big developers have the bankroll to navigate the bureaucracy. + +TL;DR. After two years and $80k wasted, city council rejected our application for the usual BS reasons. + +If you have ever watched the YouTube doucmentary about the property owner of a laundromat in SF who tries to build housing, my experience feels similar but not as crazy obviously. If you haven't seen it I highly recommend it. + +So two years ago we began the process to try and combine two adjacent 50x110 lots and build townhouses in a medium sized city. + +The community consultation process that the city undertook two years prior had resulted in a majority agreement that higher density was wanted in the neighborhood. + +The neighborhood's proposed-but-not-officially-adopted OCP allowed for up to 4-storey medium density attached housing, so we were confident that our small project would move forward smoothly. + +One thing that the left coast does is tightly control zoning so that 99% of developments have to apply for spot rezoning to move forward. The cities are *loathe* to grant higher land values through density to existing property owners without taxing the unrealized profit. + +The economics of new construction also typically require higher density than any zoning allows. Again, this forces developers to negotiate with cities on how much of the land lift they have to give to the cities as a community contribution. For a 12-storey building it will be at least $1,000,000 that must be paid up-front before the building permit can be approved. + +So we worked with our architect to start the rezoning process. Drawings, surveys, arborist reports, traffic reports, water, sewer, engineering reports, renderings, and legal fees all cost us about $80,000. + +We finally submitted our rezoning application and there was another 6-months of added requirements and back-and-forth with the planning department. + +Two years after starting the process we got our public hearing and presentation in front of city council for our rezoning application. All mini hearings up to that point had green lit our plans. + +At the hearing, our architect presented the project to public and council. Four members from the public spoke against the project. They complained of increased traffic, parking, and shadows. They said it doesn't fit in with the neighborhood character. + +As is usually the case, zero citizens took time out of their evening to come and speak in support. + +Council agreed with the complainers, and also asked many questions about how much money we would give the city to do this project (policy at the time of submission didn't require us to give anything, and the low profit margin on a small development did not allow for additional $ contributions). + +As you can guess, after two years and $80,000 of unrecoverable costs, council, in 1-hour, rejected our application, sending us and our team reeling in disbelief. + +We are not sure what to do now. If we try to resubmit it will cost probably another $25,000 up front, and also an additional commitment to give $50,000+ to the city before even getting a building permit. That's all with no guarantee we would even be approved. + +And if we were approved we would be looking at approximately 18-months and another $150,000 in unrecoverable fees, hearings, variances, re-designs, loan fees, etc, before we have even spent a dollar on materials or labour. These amounts cannot be mortgaged either. + +Then after spending 10-13% interest on a multi-million dollar construction loan, if we are lucky, we can sell the units and maybe clear a small profit. If the market weakens and we cannot sell all the units, we lose everything. + +So if anyone wonders why housing is so expensive on the West Coast, think about our story trying to build a meager 8-units and how many developers straight up refuse to risk development in a broken system. + +Edit: spelling. Also happy to answer any questions about the process. +At a price of just below $31,000, bitcoin is more than 50% below its record high of near $69,000 from late last year and at its lowest point since July 2021. Cryptocurrencies are proving to be just as risky as stocks and susceptible to the same concerns that are dragging down the Dow, S&P 500 and Nasdaq. Are you still bullish on bitcoin for the long term or not? +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 know this is a fairly broad question, but I wondered how much people earn in different European countries and what sort of lifestyle / quality of life does this income bring? + +I wondered if anyone would be willing to share their personal experience? + +How much do you earn (gross & net)? + +What job do you have or where does your income come from (investments etc)? + +Could you describe the kind of life this brings / what can you afford on this level of income? + +Are you able to save any money at the end of each month on this level of income? + +Do you have an opinion on what would be deemed as a poor, good, great, excellent income level for a given country? + +I do not live in Europe at the moment, so I cannot share my personal experience. I plan to move back in a few years, hence my interest. +Hi everyone, + +I'm a 32 year old female teacher from Germany and live a very minimalistic lifestyle. My dream is to own a farm house in the south where the rivers and mountains are (very important!:)) and adopt at least one child, have my own animals and a growing business. I don't see myself in this conservative and humiliating teaching job for more than 5 years. + +Righ now I have 25.000€ and think about a 5 year plan, with 23.000 € savings for each year... Is anybody here who could help me out with financial advices? I am a german, wood work and history teacher and have no idea about finances or crypto etc.. And I know 100.000 € is peanuts for some.. I wish I could have started MUCH earlier but I had a terrible childhood and am on my own and work and study since I'm 18. So many hardships I needed to take care of first. Glad I don't have any debt for now. + +Have a nice day! +We actually were POSITIVE 500k QoQ, but I knew this would happen. Always think critically. Always think of what your opponent might try to do. Art of War shit. + +DRS breaks and ends their game. Happy Holiday Apes, stay zen. +Weak FUD bro. That’s this week in a nutshell as the temporary punches have only led to a tightening of the trading range of cryptocurrency, an uptrend showing that a breakout is imminent. + +With **HappyCoin launching on BitMart on June 15th,** serving only as a prelude to a marketing extravaganza with **Jesse Wellens (15M\~ followers) starting on June 21st**. + +I mean just look at their roadmap for this marketing push on the 21st... huge billboards across the US, major news coverage from Yahoo.Finance, Marketwatch, FOX, big influencer campaigns and Cameos. Not to mention that from a utility standpoint, HappySwap is coming this Friday, and a full NFT marketplace by the end of the month. + +So as the freight train of crypto continues to build towards what’s looking like a green June and then a massive July, **$HAPPY has cut the brakelines and set the stage for a nonstop ride way past a $100M market cap.** + +As HappyCoin has partnered with some of the largest mental health organizations in the world (tens of millions of followers) to deliver relief to struggling people all across the globe, you should continue to see this coin breach into the mainstream. + +It won’t be long until your **favorite news outlets pick it up** and it becomes the latest coin to capture the attention of the mainstream media and send its price dazzling for a new ATH. + +The **writing is all over the wall for a 10x in the near term**, and potentially much much more in the long. Just imagine if BNB begins to moon again and the price chart begins to look parabolic just from being tied up. + +**With 75,000 holders,** people will begin to swarm en masse to a coin that has consistently delivered on its promises. + +And if you’re checking the candle on the chart, you can already see it starting to happen. + +So take advantage of the market while you still can and before the FOMO starts to break in for everyone, retail and institutional. **Because the support at this price is real, the liquidity is packed, and the snowball is becoming an avalanche.** + +Telegram: [t.me/happy\_coinTG](https://t.me/happy_coinTG) + +Website: [thehappycoin.co/](https://www.thehappycoin.co/) + +Buy Link: [thehappycoin.co/buy](https://www.thehappycoin.co/buy) + +PancakeSwap: [https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0xB0B924C4a31b7d4581a7F78F57ceE1E65736Be1D](https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0xB0B924C4a31b7d4581a7F78F57ceE1E65736Be1D) +Bajaj Holdings and Investment Limited is a holding company with strategic investments in listed and unlisted Bajaj group companies and financial investments in other equity shares, fixed income securities and investment in properties. The company is a case of markets attaching a deep discount to its intrinsic value (underlying investments). Usually holding companies trade at a discount of 20% in the foreign markets but in India the discount can be as deep as 80%. + +Let us understand first the type of holding companies - + +Holding companies can be divided into three broad categories - + +Core Investment - The company holds strategic and financial stakes in companies. The company has no operating business except investing and derives all of its value from its investments. + +Examples - Bajaj Holdings and Investments Limited, Maharashtra Scooters Limited, Tata Investment Corporation Limited, Sasta Sundar Ventures . + +Holding company with an underlying business model - The company has a standalone business which it operates but it derives a majority of it’s value from its investments. + +Examples - Bombay Burmah Trading Corporation, Godrej Industries Limited, Info-Edge India Limited, Grasim. + +A company with a sizeable investment- The company has a very strong standalone business but the company also has investments which are substantial in nature. + +Examples - HDFC Limited, Bombay Stock Exchange, SBI, L&T. + +Analyzing Bajaj Holdings and Investments Limited investments - + +41.63% stake in Bajaj Finserv Limited - Market Value at 85,867 crores as on date. + +35.77% stake in Bajaj Auto Limited - Market Value at around 40,774 crores + +51% stake in Maharashtra Scooters Limited - Market Value at around 2140 crores. + +Other investments in group companies such as Bajaj Electricals, Mukund Limited and Hercules Hoist which were valued at around 1970 crores as on 31st March 2021. + +Non-strategic investments were valued at around 9,403 crores as on 31st March 2021. + +The total investment value of Bajaj Holdings comes to around 1,40,154 crores. The company does not have any meaningful debt. Bajaj Holding has a market-cap of around 43,345 crores which indicates a holding company discount of 69%. This is in comparison with holding companies abroad which trade at a discount of 20%. + +We have analyzed below market cap of Bajaj Holdings as at year end since 2008 (1st year of demerger), its investments and holding company premium discount in each year. + +Attaching the chart for Bajaj Holdings and Investment Limited - + + +As one can see, the holding company discount of 66% as on March 31, 2021 is the sharpest in the history of the company. The gap has only widened in Q1 by another 3%. The mean holding company discount across last 13 years is at 52%. + +If the valuations were to reach the mean valuations, the company would be valued at around 66000 crores, signaling a 52% valuation increase from current price. + +On 31st March 2008, the company was valued at a 38% premium over the investment value and the company has seen oscillated in the holding company discount range of 35%-70%. Currently, the company offers an excellent margin of safety being at the lower range of the 69%. + +Reasons for deep discount for Holding Companies in India - + +Perception as value traps - Most investors stray away from holding companies as the last decade has generated returns lower than the invested companies and in some cases holding company discount has widened further lowering the returns. This is an example of companies where decent returns can be made(provided the underlying investments can grow) with a high margin of safety especially in a market where deep value has not performed well in the last few years. + +Low Mutual Fund Activity - There has been very low activity by fund houses in Bajaj Holding except Parag Parikh Mutual Fund. The total mutual fund holdings as on 31st March 2021 is 1.91% of which 1.67% is of PPFAS mutual fund and balance for Nifty Next 50 index funds. + +The case is similar for Tata Investment Corporation which has mutual fund houses holding of less than 1% and Godrej Industries where mutual fund houses have held 1.2%. + +A deep value/contrarian fund manager entering a large holding company can significantly re-rate the sector. (Read Sankaran Naren / Prashant Jain ICICI/HDFC) both well known deep/contrarian investors. + +Passive promoters - Promoters have been passive with not returning the excess money they have, some of the promoters have resorted to not paying/increasing dividend. Except for Tata Investment Corporation which went for a buyback some while ago, not many companies have tried to do anything to bring holding company discounts lower. + +A criticism for Bajaj Holding lies in the fact that the company failed to increase its stake in any of the group companies during the pandemic, where Bajaj group was hit severely which questions the entire investing strategy of the company as a whole. + +International Case Studies - + +Naspers and Prosus - (South Africa and Netherlands) + +A classic example of a holding company valuation difference can be seen when comparing Naspers (the largest listed company in the African continent) and Prosus(the international internet assets division of Naspers) . Naspers and Prosus both are related companies and a majority of value comes from its share in Tencent and other invested companies. + +Naspers is listed on the Johannesburg Stock Exchange and was trading at 35 percent below its Net Asset Value. + +Meanwhile Prosus is listed on the Amsterdam stock exchange and was trading at a 20 percent discount below its Net Asset Value. + +Recently both Naspers and Prosus announced a share swap deal to try and reduce the holding company discount of the Naspers. + +As we see, relative mature markets have a smaller holding company discount than the emerging markets one, however the holding company discount + +Poongsan Holdings - (South Korea) + +An older case study, Poongsan Holdings is a holding company with multiple operating subsidiaries whose most significant holding is its 33% interest in Poongsan Corporation, a manufacturer of fabricated non-ferrous metal products which Poongsan Holdings spun off in 2008. As per the chart below (the Y-axis is the market capitalization or value in millions of South Korean Won), Poongsan Holdings (blue line) used to trade significantly below the market value of its 33% interest in Poongsan Corporation (red line), but the sum-of-the-parts discount was gradually narrowed over time and eventually closed in late 2014. This shows that markets can discount holding companies for a period of time but the deep holding company discount can be bridged. Though the holding company discount has come back as on date, the holding company discount as on date is at 19% in line with the other peers. + + +Source - SeekingAlpha.com +The case for Holding companies - Even in some extreme cases, the holding company discount for most companies is limited to around 40 percent and there are ways to reduce/eliminate the holding company discount by either reverse merger, a large buyback or a material unlisted company getting listed. + +Accelerated returns - Holding companies trading at a very steep discount may give accelerated returns from 2 avenues. + +Increase in the underlying investments + +Reduction in holding company discount. + +An example of the same, is if the underlying investments grow by 20% in a year and holding company discount reduces from 70% to 50% the total returns for holding company will be a 100% increase. + +Reverse Merger - The easiest way to narrow holding company discount is to reverse merge where the holding company merges with a company it is invested in. + +Take the case for Equitas Holdings and Equitas Small Finance Bank or Ujjivan Financial services and Ujjivan Small Finance Bank. The holding companies are reverse merging with the SFB which is their investment. Due to reverse merger, Equitas Small Finance Bank will be the only listed company when the merger is complete and shareholders of the holding company will receive shares of SFB. This will substantially narrow or may even eliminate holding company discount. + +Other holding company which may reverse merge is Bandhan Bank with Bandhan Financial Services and HDFC Limited with HDFC Bank. + +Most reverse mergers are done for 2 things, shareholder value unlocking and reduction/elimination of promoter share for Banks(including SFB). + +Another classic case which I covered a few weeks ago could be reverse merge in the future could be Sastasundar Ventures with Sastasundar HealthBuddy Limited (the e-pharma unit of Sastasundar). + +Value unlocking - Value unlocking may happen when an unlisted share in the books gets listed which results in a re-rating of the company. + +Go Air has filed for DRHP which could see some value unlocking for Bombay Burmah Trading Corporation. + +Similarly a listing of Bajaj Allianz General Insurance and Bajaj Allianz Life Insurance may unlock value for Bajaj Finserv which in turn would help unlock some value for Bajaj Holdings. Bajaj Holdings also holds unlisted shares of companies such as NSE, FabIndia and India Commodity Exchange Limited which may unlock some value if and when they list strongly. + +The listing of Zomato and Policy Bazaar may unlock value in Info-Edge India. + +Holding Companies Premium - + +Not all holding companies trade at deep discounts, some trade at high premiums to its NAV. + +Info-edge (India) is one such example, Info-edge has a very strong operating business via Naukri.com a job portal however most of the value for the company comes from its unlisted investments primarily in Zomato(to be listed soon) and Policy Bazaar and other unlisted invested companies. Even after factoring the unlisted investments at a not so conservative basis, the company still trades at a premium. + +Another example is of Xelpmoc Design and Tech Limited who trades at a significant premium to its value of investments (primarily Mihup and Fortiga). + +In both the cases, the common point is both companies invest in early stage startups and the market does not attach the same holding company discount to these companies. + +Attaching a list of some of the holding company and their primary investments - + +Bajaj Holding and Investment Limited - Pure Holding Company - Major Investments - Bajaj Finserv, Maharashtra Scooters and Bajaj Auto Limited + +Godrej Industries - Standalone Business - Chemicals - Majority Holdings - Godrej Properties, Godrej Agrovet and Godrej Consumer Products Limited + +Tata Investment Corporation - Pure holding company - Titan, Tata Consumer Products, Trent, Voltas and Tata Capital (unlisted) + +Kama Holdings - Pure holding company - SRF Limited + +Maharashtra Scooters - Pure holding Bajaj Finance, Bajaj Finserv, Bajaj Auto and Bajaj Holdings. + +Sastasundar Ventures - Pure holding - SastaSundar HealthBuddy Limited (unlisted) + +Grasim Industries Limited - Standalone business Chemicals - Ultra Tech Cement and Aditya Birla Capital. + +Nalwa Sons Investments - Pure holding company - Jindal Saw, JSW Steel + +Kalyani Investments - Pure holding company - Pure holding company - Bharat Forge, BF Utilities + +EID Parry - Standalone business - Sugar and nutraceuticals. Carborundum Universal, Cholamandalam Investment and Finance Limited and Coromandel International. + +Pilani Investments - Pure Holding Company - Century Textiles and Industries Limited, Grasim Industries Limited, Hindalco Industries Limited, UltraTech Cement. + +Ujjivan Financial Services - Pure holding company - Ujjivan Small Finance Bank + +Equitas Holdings - Pure holding company - Equitas Small Finance Bank + +Bombay Burmah Trading Corporation - Primary business - Tea and Coffee Plantation. Major holdings - Britannia Industries, Bombay Dyeing and Go Air. + +Sundaram Finance Holdings - Turbo Energy, Brakes India, Wheels India, Sundaram Clayton, Indian Motor Parts and Accessories Limited + +L&T - primary business - Infrastructure - L&T Infotech, LTTS and Mindtree. + +Others - SBI, ICICI Bank, Kotak Mahindra Bank, Axis Bank, HDFC Limited, HDFC Bank, Aditya Birla Capital. + +Conclusion - The first rule of buying a holding company is ensuring that the underlying investments are solid, ideally would stick to larger companies. Companies who do not pay dividend or and have high debt are unlikely to be re-rated significantly. + +Buying a holding company where it is in the lower end of historical average is a decent way to ensure a margin of safety, most holding companies fall in that category currently. + +Also, most of holding companies move together so incase a large holding company reduces holding company discount rapidly , the smaller holding companies should also reduce the holding company discount albeit a time lag. + +Bajaj Holdings provides a good margin of safety owing to strong underlying assets and a deep discount to its underlying investments(almost at the largest in it’s history). + +Disclosure - Invested in Bajaj Holdings and Investments Limited. + +An update - This newsletter is now the 5th largest Indian Finance newsletter by subscriptions on Substack despite joining only a month and half ago. I believe we can hit number 3 by end of the month, and hit number 1 by end of September. Thanks a lot for everyone for your support. +Hi all, + +Just wanted to share my recent experience as a private health customer. + +I have had private health for over 20 years, have never really needed it, but 20 years ago I was over the threshold where it made sense to avoid paying the levy. + +My problem is - I was only ever over the levy for a few years and have been well under it ever since, I always thought “if I can still afford it, I might as well keep it!” + +I estimate it’s has cost me approx $70,000 to have it since my 20’s. + +Recently I tore my ACL and required surgery. + +It took me approx 3-4 months to even talk to the surgeon. + +Continued working with the injury day after day. + +I have had approx $7500-8000 of out of pocket expenses. + +Going through some paperwork and feel a bit disappointed seeing that the surgery itself cost $4230.00…. + +Guess what my private health pays for? + +$348.30 (a bit over a months worth of what it costs me to have private health). + +They pay 12% of it. However Medicare still pays $1044.90! + +I guess I have the fear of not having private health incase something bad happens. + +But ya know what? Something bad happened and I’m still $7500-8000 out of pocket. + +Hospital fees +Anaesthetist +Pharmacy +Physio + +Had to pay for crutches + +Got my diet info wrong, served wrong food. + +Luckily it’s not with data losing Medibank private, that would have just been perfect. + +Why be insured if you’re out of pocket almost $7500-8000 when you need it the most? What if I didn’t have the money? + +Does anyone here have a good story about having private health? + +Edit - Corporate Hospital Saver Level 3 - Silver Plus with Corporate Classic - $327.45 per month + +Edit - Thank you for all your replies and I feel for you guys who have lost loved ones and had a bad experience with health insurance. I am also very happy to hear that some of you guys have had a great experience with it and feel it’s justified and worth it. + +And to everyone saying “cANt yOu ReAd tHe ConTraCt!?!?!” - yes I can, but to honest, I’m exhausted with work, life and this knee has pushed me over the edge… your comments are appreciated and quite possibly very correct…. but as a human posting on Reddit, you are super unhelpful and I’m very sad that this is your default response. It’s taken me quite few years to shake that crappy default attitude, not sure where it comes from, but I guess it’s just people trying to be edgy and funny? Dunno…. Get a life plz. +Hello everyone, I'm 24 years old and since March I am self employed and do a rather niche work. I produce 3D Models and sell those on Gumroad and Pixiv Booth, they're mostly of pornographic nature and sell very well. Obviously some months can be better than others but it seems to be consistently at around 15.000€, aside from a single Month where I did absolutely nothing where it dropped down to 7000€. + +I live in germany and I don't really know how to invest money at all. I pay 915€ per month for rent and will most likely have to pay around 300€ for electricity per month. The tax rate for my income is 42% here and I also pay an additional 903€ monthly for healthcare. + +I flat out save 50% of all my income for tax and from that around 2500€ go away for electricity, rent, healthcare which would leave me with around 4000-4500€ to live with. Obviously I won't need that much to live so I'd love to hear about opinions in what I should do with it to ensure a cozy life. I'll post this question on another subreddit too to get more opinions + + +EDIT: Due to the insane interest in what I do, please check out [https://booth.pm/en](https://booth.pm/en) . This isn't my page, it's just a platform I sell on, it's nothing special but a rather niche market which involves many steps of knowledge in softwares like Unity, Blender, ZBrush, Marvelous Designer. +I started investing in my TFSA as of October 2018. If you remember, the market took a downturn. I admittedly panic sold and tried to stop a falling knife on certain stocks. This dug me a deeper hole where I had unrealized losses. + +From /CanadianInvestor and other investing related subreddits there were a lot of people who said "you can't time the market", "don't try to stop a falling knife", "if you're in it for the long run, stick to your guns". Safe to say I learned my lesson and held on to the investments I bought for the long-term. + +Today marks the day my unrealized losses have officially turned to unrealized gains (healthy too). I practiced Dollar Cost Averaging (DCA) on a monthly basis (weekly if the market took a huge hit like the one we recently came out of) and boy oh boy does it pay off. + +This is all that I wanted to share in case there were other new investors like myself. +I moved into my apartment with my now ex and it was affordable with two working people splitting bills. But since we broke up and left, I've had to take on all the bills. I make just enough to get by but when you have big unexpected expenses popping up every couple weeks, it gets tighter and tighter. But now I have a couple weeks where I can fill up my tank without worrying I'd there's enough. +https://www.wsj.com/articles/nasdaq-sues-sec-to-block-market-data-overhaul-11612909321 + +Could someone explain the SECs data overhaul in ELI5? + +Would this help or hurt retail algo traders? +When 2 of my family members passed away several years ago, I came to this group asking what the hell to do with a few million dollar windfall. I received a lot of great advice like what to read, research & not do. I followed the advice and did endless research, obsessively listened to podcasts on investing, real estate investing, etc. I had an inherited 401k and dumped an additional 500k into the market after the full windfall came (which happened to be the best timing, while not trying to time the market). +.The rest is in real estate that I bought off market by seeking out multifamily owners in our smaller town. I flipped a house and made 80k. Bought a house from a wholesaler and took it down to the studs and made it into a short term rental that made 8k+ last month. We manage our own apartment buildings now. Bought a historic building and we are applying for a housing grant to make the upstairs into housing that would be really cool and important for our town. We have two little kids. I think we are enjoying our lives’ work and proud of what we are doing. I’m truly nowhere near FAT (actually I am rather irrationally still concerned about finances) but I did increase my net worth by almost a million in a few years by buying correctly and not trying to time the market. I may not have followed the advice given to a tee but I think that me not completely screwing it up can be attributed to this community. So, thank you. +We are in a stage of working really really hard; we do a lot of work ourselves on our rentals. Sometimes I find it hard to relate here, but I’ve read this sub before bed every single night for 5 years since I got this advice from you all & I just wanted to say that there are some very wise and helpful people here. + +Also, as a side note, I understand now that windfall posts annoy people. One response was something like “My goal is for my kid to never make a post like this”. (I have a degree in business and consider myself rather intelligent but I didn’t feel well equipped to have several mil dropped in my lap). But the most meaningful response was the one that acknowledged the grief/loss. Most helpful was you all teaching me not to try and time the market. Keep in mind people who are experiencing windfalls are usually also experiencing immense loss. +Good day everyone, + +I know I am a bit too late to the party but I have been following this group for a while and I can't think of a better place to ask this. + +I just turned 29 and I have finally managed to reach a stage where I can spare some money for the future. So far I just have 1 FD ( very meagre), 1 LIC jeevan anand plan worth for 25 years. That's all. + +If I try really hard I can spare 15-30k per month for investment, please help me with the following : + +1) How much per month is ideal? +2) What path of investment should I take? +3) How would I be getting the best returns in the long run with least tax implications? + +I am very new to all of this so detailed advice would be appreciated. + +Recently, I've heard a lot about Index funds on here. Is it good? Which one? + +Thanks in advance 🙏 +Last week I boasted a record week of $56k un-realised capital gains thanks to Uranium Equities coming to life. + + Today I present a personal record of my single ever biggest single day gain of **$44,506.75** 😀💰✔ + +[12-09-2021 Portfolio Performance](https://preview.redd.it/1pachbxr38n71.png?width=967&format=png&auto=webp&s=176bb7339a24ab45023174445b74bb735b7a8daf) + +Now this post will be some what contradicting in that I am sharing my coward gains for the day thanks to uranium but also heeding a warning to not get sucked into the emotions of FOMO and hype while telling you there is even more to come. + + \*copy and paste my comment from the daily thread today\* + +🔊📣📈📉😱 I am getting a lot of messages and tagged in a few posts today. + +And holy shit what a day it is for uranium ☢️☢️☢️ ASX Equities are following a strong US/TSX finish on friday to see almost all stocks up between 8% and 50%. Most in 20%+ + +[ASX uranium Stocks at close of 13th-Sep-2021](https://preview.redd.it/pcra3zyh48n71.png?width=1090&format=png&auto=webp&s=7c3f25276c1142042e6592e43e09a91b00e75c36) + +I am stoked for those that are making massive gains. I love hearing about them. I've had a record day personally myself and am on cloud nine📈💰✔ + +But I am seeing a lot frantic people getting sucked into **FOMO, greed and the hype** right now. + +The time to have been buying uranium for maximum gains was over the last 6-12months. In this time there has been 3 pullbacks after massive runs. The last was in May and lasted until about August. + +Now to members who are asking whether to **wait for the next pullback or jump in now**? + +**The risk for both sides is:** You wait for a pullback and eventually that pullback comes but its off new record all time highs and is pulled-back to higher prices than it is now. OR you fall for FOMO today/tomorrow/this week and not long after we see a sharp 30-50% pullback and you are almost instantly 30% in the red bag holding. + +In my view, the equities are only just coming out of a 10year bear market and we have officially now started the bull market cycle. Yes i do strongly believe there is far more to come over the next 2-3yrs. + +BUT FOMO will emotionally tear you apart if you let it. \*This is NOT financial advice\* but in my experience To deal with fomo I've found the easiest thing to do is just **buy a really small parcel of the stock at whatever price.** No more than 1/3 or a 1/4 of what you intend to invest. That deals with the fomo. Then you can wait with more ease on the mind to avg down during pullback opportunities and not make rash decisions. Ideally you want to be buying on a red day, not a green day. and selling in reverse. But our emotions will reek havoc for us, especially when we see others making great gains. + +On the contrary - i've been asked if i **will be selling out and buying back** in when there is a pullback. The simple answer is no, I wont be selling a single uranium share on this run. + +Like the last 3 previous runs I usually sit back and just watch and enjoy. I did my buying mostly 3/4weeks ago during the last pullback with GTR being the last uranium stock i bought last week. As I posted on here. +Now i just watch, enjoy a morning coffee and treat myself through the week and crack some early arvo beers in cheers to the uranium market gods. 🥃🍻📈🙌 +When the next pullback comes **I will look to build on existing positions or buy into new positions** \- depending on what looks like it has the best opportunities. +My hold period is until certain price targets are hit and **my time frame is 2-3 more years** to hopefully get to the peak of this cycle. Read the DD posts for more details if interested. + +This week i wont be buying or selling anything. just watching, enjoying and waiting. + +\*\***STOP getting emotionally attached to stocks**. saying "I love this stock" is stupid as the stock will never ever "love" you back and it clouds your ability to set out a strategy for making profits. End of the day a stock and a market is a vehicle to ideally increase your hard earned capital. \*\*\* + +# What is Driving the Bull Thesis + +Now for those who want some more confirmation bias and don't care about "FOMO" and emotions and lala shit, then I present to you a 10minute read by Kevin Bambrough where he outlines how this market is only just beginning, what the future triggers are and a bit how SPUT works. Kevin back in 2007 was the one who pitched a uranium trust to Sprott during the last major Uranium cycle. + +[10min Read why Uranium Equities and SPUT have even more to run](https://threadreaderapp.com/thread/1437134682404147201.html) + +&#x200B; + +# Pullback Tomorrow? + +In theory after such a monumental run like today we should\* expect a pull back. But I believe if the Canadian (TSX) and US markets (NYSE) continue tonight after a big run on friday then we will be in for another day or perhaps week of further runs on the board. + + If we get a pullback i think a lot of people will be relieved to get in. But personally i think we have a couple more days of mania and more people getting on the train. + +&#x200B; + +Best of luck to the glowing green tendie chasers, and congrats and well done to those who have had early conviction in this contrarian play. Pat yourself on the back and feel free to drop your realised and unrealised capital gains from uranium equities in the comments below, I love hearing about them 😀🥳💰✔. + +Don't forget to celebrate the wins (big and small). I'm about to head off to my local and will be having a few frothy cold ones and treating ourselves to a nice dinner. Cheers all 🍻🍻🍻🥃✅ +This post is a completely honest review coming from an investor who's been with Elongate ever since the beginning. I do strongly believe it's an amazing project with a brilliant team that's trying to make the world a better place. Elongate has donated over $3M to charity and will keep on doing so in the months to come. + +&#x200B; + +We have passed and been certified with a high Certik score, as well as getting involved with Kimbal Musk, in a partnership with his charity, Big Green. All of these happened in less than a month and although the market itself has been through some rough times the past weeks, I'm certain we will have a huge recovery in no time. + +&#x200B; + +We have 41k active telegram members, incoming partnerships with a gaming brand in regards to their Esports division and so much more. + +&#x200B; + +As a result of the current market condition, we've taken a huge hit yesterday but we've already managed to start a green recovery in no time, which is why I believe getting in now will easily take you to the ATH from last month with a huge amount of profit, so don't miss the train! 🚀 + +&#x200B; + +We can be purchased on PancakeSwap, Bitmart & LBank. + +&#x200B; + +**Website:** [https://www.elongate.cc/](https://www.elongate.cc/) + +&#x200B; + +**PCS Buy:** [https://exchange.pancakeswap.finance/#/swap?inputCurrency=0x2A9718defF471f3Bb91FA0ECEAB14154F150a385](https://exchange.pancakeswap.finance/#/swap?inputCurrency=0x2A9718defF471f3Bb91FA0ECEAB14154F150a385) + +&#x200B; + +**Token address:** 0x2A9718defF471f3Bb91FA0ECEAB14154F150a385 + +&#x200B; + +**Telegram**: [t.me/ElonGateChat](https://t.me/ElonGateChat) + +&#x200B; + +It's only a matter of time until we hit the previous ATH and far beyond! +Want universal healthcare? Socialism. Want universal basic income? Socialism. Want to bailout corporations? Ok how much you need? + +I don't understand why that is ok. Wouldn't it be better if we had companies that can sustain themselves ? Who cares if they fail and jobs are lost. In a free market a competitor will pick up the slack. Enlighten me right or wrong. +As per SEBI guidelines, the cut-off timing to place a mutual fund order is 3 pm for the non-liquid funds. More details: [https://www.amfiindia.com/importantupdates](https://www.amfiindia.com/importantupdates) + +But Zerodha Coin forces mutual fund investors to place order by 1:30 pm. One and half hours prior to the closing window. If you place an order at 1:31 pm your order would be processed the next day only, even if SEBI allows you to place an order till 3 pm. + +This is a sheer violation of investors' rights. +This is an excel sheet I use to select the shares I want to buy and the results I will get. I have $5K available, what would you buy at today's average price? + +&#x200B; + +https://preview.redd.it/pzpuv5btpqd91.png?width=464&format=png&auto=webp&s=0af5dfedd89e3d8b02194f6c9f76a65b64c14859 +I know the golden rule: **Always use stop loss.** + +I'm curious though, scalpers (for those of you in and out in sometimes a matter of seconds) do you also place a stop loss? + +I find that getting into a position as it's quickly moving, placing a quick stop loss, and then, having to cancel the stop loss order if I want to get out with profit, and then sell the position, all are very distracting from simply watching the price and having my finger on the SELL @ MARKET hotkey. + +I understand that without a stop loss, it can lead to substantial losses if it suddenly plummets, but how do you traders do this all so efficiently? I use Questrade and I find that their hotkey system isn't the the most robust nor helpful in these situations. +I’m currently an individual contributor at a large (non-FAANG) software company. I’ve spent my entire career here, from intern, spanning a bit over a decade (I’m early 30s). According to levels.fyi, my current position best aligns with Google’s L6, Facebook’s E6, or Microsoft’s level 66. I report directly to a VP, whose other IC direct reports are L7-equivalent. I’m on track for promotion to L7-equivalent (potentially this year, realistically next year) and have been told that I have L8-equivalent potential. + +On one hand, staying with one company has given me a lot of advantages. For my current level, I’m on friendly terms with a disproportionate number of the most senior engineers in the company. I have opportunities to present at company-wide and external/customer-facing events. I find the technical work I do fulfilling and enjoy working with the set of tech leads I delegate to. + +However, bureaucracy and politics are starting to wear me down. I don’t spend nearly as much time working directly with code as I’d like. And I’ve been here so long that I’m suspect I’m under-compensated despite better-than-average raises each year (salary is ~$250k, which is just above the midpoint for my payband, and total comp is ~$475k). I think it's time to make some sort of change. + +My net worth is around $1.5mm plus a stake in passive partnership (currently hard to value, potentially trending to $0, but ~$250k pre-pandemic) and some crypto (~$500k depending on the day). Call it $1.5mm stable plus $.75mm very-high-risk. My spending is currently ~$100k/year. + +I’ve been trying to limit lifestyle inflation, but ultimately, my goal is a comfortably fat retirement (potentially for more than just me). As a wild ballpark, I’d like to have enough for ~$200k+/year spending, so I figure I’ll need ~$5mm NW. + +I feel like I have a wide range of paths ahead of me: + +1. Continue on this trajectory. I’m working 45-50 hours/week, which is a bit higher than I’d like. I’d aim for L7-equivalent in a year, L8-equivalent 3-5 years after that, and retire a few years later. Call it retirement in ~8 years. I see early warning signs of burnout, which I suspect is the biggest risk with this option. +2. Take my foot off the gas and relax. I could drop to ~35 hours/week on my current product and do my best to just ignore the politics. Or I could transfer to some officially-funded low-pressure side project and focus on writing code. This likely means just getting small raises, small equity grants, and on-par bonuses, so my math suggests that this would shift retirement out to ~12 years. +3. Find something intrinsically fulfilling, even if it doesn't pay well. Hop to a non-profit or something. Live off whatever small income that provides while my nest egg grows. This might mean working for ~20 years, but maybe it wouldn't feel like work. +4. Hop companies. I’m writing so little code these days that I worry this would be a gamble. I have a clear reputation where I’m at, and a large [internal] commit history I can point to; I implemented some key parts of several products, so no one thinks of me as an “armchair architect”. Rebuilding that trust in a new environment while I’m rusty seems like it’d be stressful, and hurt my work/life balance. Best case, I think this could give me a pay bump without derailing my promotion timetable too significantly, potentially getting me to my goal even faster than (1). Worst case, it may add a lot of stress but give me a time table closer to (2). [But maybe some of this is just imposter syndrome?] + +I've tried modeling this by looking at the total free time I'd have over the rest of my life (based on actuarial tables) and giving free-time-when-young a higher weight than free-time-when-old. That's steering me towards (2) as while I end up working about 50% longer than (1) in terms of calendar time, it's only 25% more hours and I wind up with about the same amount of "weighted" free-time. + +Shifting from (1) to (2) definitely feels like the wrong career move, but I suppose that's why this is a /r/fatFIRE post and not a generic career question. I also can't help but feel like I'm leaving money on the table here, especially considering how many people in the industry opt for (4). What other factors should I be thinking about? + +---- + +I have verified my income, employer, and most of my $1.5 million in stable assets with mods, and I have messaged /u/WealthyStoic to request verified post flair. +At some point I want to cash out of doing rentals....but then where do you park the money? Always thought single family homes were still a better investment than me investing in stocks or bonds. Guess I could hire a property manager, but I have always manged my own..... + +So you end up with chunks of change....only to invest it back into the market.....Anyone have ideas? REITS, Bonds, etc... +Just saw an article about Larry Page getting residency -- do other people know something I don't? Unless there was some unofficial channel, the residency through investment requires at least 3 years time, which would have been prior to COVID (if that had any factor). + +Wondering if I should be considering this country long-term... with the obvious asterisk that I'm far, far from being a billionaire but will have a goal to have means to move if needed... +Hi All, + +I dont see this discussed very often but can you guys help me find the negatives in this scenario? I am in my 30s and have about 750k in cash (outside of emergency fund etc). Why not just DCA and spread the cash out into 8-10% monthly dividend yielding etfs/stocks across multiple sectors and virtually replace enough of my paycheck to retire? My wife would continue to work so healthcare costs etc wouldnt be an issue. Ive only seen one investor/youtuber doing this. He generates 5800 gross on about 680k invested. + +I dont care at all about growth and plan on living in a state with no income tax on dividends so the tax burden wouldnt be as heavy as my paycheck is in CA right now. + +I would of course try to give myself some cushion so that I am not relying on every cent of those dividends every month. + +Why is this not more of a talked about strategy? I have to be missing something here. Thanks for the input in advance! +Since the late 18. century there is a certain idea of progress - that the life of the next generation should be better than ours. Of course different people had very different idea what progress means, especially in the political sense, but the improvement of economic conditions was constantly expected by everyone. + +And now it seems to have stopped. People have nothing but fear for the future - they are afraid to bring children into a world with an uncertain future, they are focusing on not losing their jobs this year etc. etc. + +This isn't country-specific, as I can tell from the three languages I read, it seems to be rather a global phenomenon. + +And the reasons seem to be economic - mostly state debt. Do you dare to have kids when you know they will be _born_ with serious amounts of debt? + +Of course debt is just a symptom. One could say it a symptom of high time preferences - of a spirit of an age like party until you can and when it collapses then the last one out please turn of the lights. + +So in a more general way we could say people fear for the future because it seems the top decision makers, the politicians, the businessmen have _stopped giving a fuck about the future_. The politicians seems to be focusing on what popularity they can buy NOW with debt-finances handouts and the businessmen seem to be focusing on the quick cash. + +This is what makes people fearful - the future seems uncertain because it seems like the big boys have stopped caring about the future, stopped making serious long-time plans. + +Any thoughts? +But I managed to put almost 60 bucks in savings, paid 30 bucks extra on my car payment, and pay my car insurance and phone bill for this month AND next month. +Small victories lads:) + +Edit: wow! My first reddit gold. Thank you! Never thought this post would blow up like it has. Thank all of you for the kind words and encouragement! Were all gonna make it! +This app is designed to save you money by choosing a combination of foods available at your local grocery store which minimize cost and maximize your nutrition. I ran it on my local grocery store and now I spend half as much on groceries and my nutrition macros are very close to my goals. + +It gathers all of the grocery store's products (including prices and nutritional content) then runs it through an algorithm which finds which products you should buy and how much of them in a fraction of a second. Edit: it can also be configured to find the cheapest grocery store to go to instead of choosing multiple ones. + +I am extending it to search flyers for products (e.g. for stores which do not have an online search) to add those to the price comparisons. Additionally, it could be set up for price alerts (e.g. orange juice went on sale), which product is cheapest per gram/mL, and what products have similar nutrition value to a chosen product. It could also be used to find which recipe is cheapest on a certain day as the prices refresh everyday. + +Would you use this app? Edit: removed pay to use as ads are possible + +Note: I am affiliated to this app and it was originally posted to r/frugal +I drafted my resignation letter. Haven't sent it yet, am hesitant for a few reasons. But, I'm going to have to rip that band-aid off in the next few days if not hours. + + +I'm not necessarily retiring but am definitely taking some time off to enjoy life, reset, and work through some ideas. My head is just not in the cybersecurity game anymore and I loathe logging into work every morning. + + +I want to use this time off to sharpen and expand my skills while enjoying some new and old hobbies. And, I'm fat, drink too much, and exercise too little. So, that's something where I need to spend a lot of time improving. + + + +Stats after show: + +* Happily married to a brilliant woman + +* Have 4 kids ages 3-15 + +* 37yo, Navy veteran + +* Hit tech IPO lottery, teetering around 8 figures NW inclusive of home equity + +* In high cost of living area (Howard County, MD) + + + + + +I look forward to making you all breakfast. +I drafted my resignation letter. Haven't sent it yet, am hesitant for a few reasons. But, I'm going to have to rip that band-aid off in the next few days if not hours. + + +I'm not necessarily retiring but am definitely taking some time off to enjoy life, reset, and work through some ideas. My head is just not in the cybersecurity game anymore and I loathe logging into work every morning. + + +I want to use this time off to sharpen and expand my skills while enjoying some new and old hobbies. And, I'm fat, drink too much, and exercise too little. So, that's something where I need to spend a lot of time improving. + + + +Stats after show: + +* Happily married to a brilliant woman + +* Have 4 kids ages 3-15 + +* 37yo, Navy veteran + +* Hit tech IPO lottery, teetering around 8 figures NW inclusive of home equity + +* In high cost of living area (Howard County, MD) + + + + + +I look forward to making you all breakfast. +My dad has been doing rent homes for 30+ years and has always bitched about contractors failing to show up, failing to communicate, and just overall being terrible at doing what you ask them to do. Now it's my turn to experience - I've had 3 tile guys fail to show up in the past month. It always an excuse or just zero reply period to my messages. I text them the day before to confirm then they just never show. They came to see the job and quote - it's a basic bathroom tile job and they all expressed interest with me providing all the materials. + +Is there a secret to finding a contractor that will just do the god damn job? +My point literally being proven here: *last comment was deleted + +https://www.reddit.com/r/thetagang/comments/ril6y7/unpopular_opinion_the_wheel_and_selling_premium/hoza0v9/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3 +Hi fatFIRE community, + +Long time lurker here... In my 20s and on my way to fatFIRE, solid income and investments that took my NW to 1mil +, but finding it hard to see a path to the next milestone. I'm seeking ways to improve my mindset and habits. I hope to ask the community: + +**What were the major differences in your mindset and/or behaviour as your income / net worth changed? What would you say were the turning points / game-changers that pushed your NW from 100K to 1M to 10Mil+?** Thanks for the time! + +Edit: thank you for all the responses - I appreciate all the time and insights! +**TL;DR** : The way the stock market MSM is talking about AMC but specifically avoiding to talk about GME is, for me, one of the biggest confirmation bias. Because when the stock market MSM guys avoid talking about a stock is exactly when you should look into said stock. They're not there to help you with your investments, they exist to push the stocks that their daddies want them to push. This is part of their strategy for a « controlled demolition » regarding the MOASS. + +Have you noticed how MSM suddenly have no problem mentioning AMC or « meme stocks » but they never ever mention GME? There’s clearly an unspoken rule at the moment within MSM that says « Do not, in any case, mention GME. As far as you're concerned, it doesn't fucking exist. ». + +Why? + +Because they want us to forget about GME. + +Because they are trying to make people jump ship from GME to AMC by pushing it down our throats every day so that we end up believing that AMC was the true play all along. + +Because GME is the elephant in the room of the whole economy, and there’s already enough retail interest to make the market implode, so they must avoid more people buying it at any cost to reduce the impact of the inevitable MOASS. + + +Have you seen the face that Charles Payne made in that interview with the two brothers that are making a documentary about apes? His expression totally changed the second one of the brothers mention GME and he seemed uncomfortable and distressed for the rest of the interview. The face he makes says it all. (I'm unable to find the post with the interview right now...) + +EDIT: [here is the clip](https://youtu.be/C73MBeMhfeE) thanks to u/ZoeMameth. Also, u/albanak, one of the Mulligan brothers, commented on this post himself saying he also thinks they are avoiding talking about GME and that’s why he mentioned it in the interview. It’s about 3 minutes into the video, notice how Charles nervously checks his glasses and completely changes his tone and demeanour for the rest of the interview. + + +There is only one true MOASS and it's GME. + +I believe the MOASS is inevitable, and that right now it’s all about stalling it as long as possible to find ways minimize it’s impact and back their asses up as much as they can, and one way they found for this is to push AMC over GME. You’re crazy if you think they’re going to let this happen without finding some way to make it profitable for them. Sure, Citadel and the others that shorted GME are fucked, but others are going to feast on this. + +That being said, I’m just a smooth brained ape and I don’t know shit, I just like the stock. + +All I know is that if they think they can distract us from GME they're fucking wrong. Today I sold all my remaining AMC shares for a nice profit (from 9$ to 62$, thanks for the push guys) and used it to buy more GME. My portfolio is now 100% GME and I'm not selling a single share until the price looks like a phone number or I'm literally dead. + +TO THE FUCKING MOON AND BE PREPARED TO HOLD THROUGH ANYTHING 🚀 🚀 🚀 🚀 🚀 🚀 + 😼Cheecoin😼 - Come help our cute cuddle friends (5k holders) + +CMC any day now + +Cheecoin was created with one mission in mind. Bring high class Hollywood Visuals + emerging tech to the blockchain while making the world a better place. The Cheecoin team loves animals and Chee himself who is in fact a real cat was saved by charity donations from the very charity Cheecoin has started to support and already donated to. Little baby Chee was so sick he was going to die but after weeks in the animal Intensive care unit he was able to pull through. $8,000 of support allowed our amazing curious stinkerface bossman Chee to keep 8 of his 9 lives and march on with us. + +The team is comprised of famous Hollywood vfx legends and rising senior vfx stars. The Matrix, The Matrix II, The Matrix III, Watchmen, Rise of Planet of the Apes, I am Legend, Spiderman, Beowulf, gravity, Interstellar, The Crown, Harry Potter, Gladiator and works with brands such as Nike, Paypal, Subway, Movado, Levis, Nvidia, Synders, Frito-Lay, Coc-a-cola, Pepsi co, Charles Schwab Investing, Lending Tree, Victorias Secret, Uniqlo, The Gap, Banana Republic, Best Buy, Samsung, Google, Facebook and more. Cheecoin is adding artists daily and will announce a new line up with top talent in the coming weeks with personalized bios and amazing work to see. + +The NFT marketplace will feature exclusive NFTs ranging from still images and photos, to expansive game worlds and levels or CGI experiences and animations. There is no limit to what Cheecoin will achieve and we plan to push the boundaries of user experience by combining the highest level visuals with the newest and cutting edge technology. We are leaders in innovation and workflows as a group hold collectively over 100 patents. We push the boundaries of what is possible and blend the world of reality and virtual reality until the difference is indistinguishable. NFTs are a natural segue for us and have become a passion of our team as much of the proceeds will go to charity. + +💰$3500 donated already! + +🙏 Charity Partner Little Wanderers NYC + +🧑 - Doxed Dev and team (LinkedIn) + +💎 – 4500 Chee family members + +🎁 3% back to holders + +🤝‍ 3% back to charity + +💧 3% back to LP + +😸 10% of NFTs go to Charity + +🔥 25,000,000 supply BURNED: + +🔧 10% sell cap until until you have 50k Chee or less (per transaction) + +📁 Audit completed by TechRate (On Website) + +🔐 [Locked LP](https://dxsale.app/app/pages/dxlockview?id=0&add=0x9813E889C2d3A723cA67906b031Ae41E002eaECA&type=lplock&chain=BSC) 35 years + +💰 Purchase it on PancakeSwap V2 + +⚙️ Set Slippage to 11% + +📊 [Chart](https://dex.guru/token/0x93e24685e41ca82fd7a66a69c64f3decac789281-bsc) + +🦎 [Coingecko](https://www.coingecko.com/en/coins/cheecoin) + +🐦 [Twitter](https://twitter.com/Cheecoin) + +🌎 [Telegram](https://t.me/cheecoinchat) + +🌎 [Website](https://cheecoin.com/) + +🌎 [Discord](https://discord.gg/Wk847NVb) + +🌎 [Reddit](https://www.reddit.com/r/Cheecoin/) + +📜 Contract - 0x93e24685e41ca82fd7a66a69c64f3decac789281 +Next up in my ongoing Fat Guide series is Prenups, because I am soon to get married and had to do one recently. Note that while I am not a lawyer, much of this advice comes from discussion with my lawyer and from conversations with many of my colleagues at my office, most of whom are worth a lot of money, and their resulting prenups and divorces (in some cases, many prenups and divorces). + +There are a lot of misconceptions about prenups and their purpose. To me, a prenup exists to mitigate risk in divorce by allowing you to pre-negotiate the terms of a separation in good-faith while you still care about your partner, rather than leaving it up to an angry and vengeful you or some random judge. As a result, I think prenups make for fairer divorces. They also help to limit divorce costs, disputes, and risks. Make no mistake, there is almost no better way for your fat wallet to go on a hard-core weight loss regimen than a heavily contested divorce. + +First, I want to discuss what makes a bad prenup. No back of the napkin agreements - you each need your own, independent lawyer. If you are the wealthier party, reimburse your fiance for legal expenses but let them pay directly and pick their own attorney. Also, you can’t typically sign away child support payments, child custody, or visitation, since those are the child’s rights, not your’s. + +Don’t be the person who tries to force your spouse-to-be into a prenup on the altar. Prenups must be signed a good amount of time before the wedding, preferably a few months. Lastly, you must disclose accurately your assets and debts during prenup negotiations. Frankly, you probably should have done this before getting engaged. + +Laws obviously vary by state, but a big reason for setting aside prenups is “unconscionability” which basically means it’s so unfair it “shocks the conscience.” This is somewhat subjective and judges seem more willing to throw out prenups than any other contract, even with severability clauses. Common no-nos include: trying to assign yourself all assets you earned during the marriage (especially if the other party works only in the home), trying to assign household responsibilities (no judge is going to make your wife clean the house every week), and anything that “encourages” or “provides an incentive for” divorce, like lump sum payments. Perhaps the most common issue is waiving alimony, which you normally can’t do (at least entirely), but that depends on state. Basically, don’t try to leave your stay-at-home-mom ex-wife living on welfare with the kids while you jetset across the world with a gaggle of supermodels. Judges don’t like that kind of thing. + +So how do you bring up the dreaded prenup with your partner? You should probably do this when you start seriously discussing finances and marriage. My girlfriend was VERY against prenups, because she saw them as a way for rich people to stick it to the poor people they are marrying. I explained that I felt it was important for us, if we chose to get married, to have a plan for separation if it occurred. We should make this plan together, while we cared about each other and had each other’s best interests in mind, rather than when we were angry, hurt, and stressed. I said I didn’t view a prenup as protecting us from each other, but rather protecting us from our future asshole selves. And it worked - she got on board with a prenup. She is a very risk-averse person, so seeing this as “insurance” or a risk-minimization tool was very useful to her. It is a good idea to frame a prenup not as protecting one person or the other, but as providing a framework to protect both of you and provide guarantees about the outcome of a divorce. + +Most importantly, I made a fair prenup offer after our engagement, and I’ll detail a few provisions from that. We decided to protect premarital assets, inheritance (she has a small one coming, I have none), and our retirement accounts and future contributions. We protected some family heirlooms she’ll be getting and agreed to just sell any house we buy unless we both agree not to. We agreed to alimony payments for time and amounts based on the length of marriage and difference in income. We also tossed in some provisions to protect assets allocated for college/graduate school for future children. + +It’s important to negotiate a prenup fairly with your partner. Prenups are decidedly unsexy, and negotiations can really harm your partner’s trust if you aren’t careful. For example, putting in an infidelity clause with no history of cheating on their part seems like a really good way to indicate you don’t trust them. Similarly, making an obviously unfair initial offer indicates that you think the marriage is doomed to fail or are very selfish. Make sure not to hire a “pitbull” lawyer. Would you really want to set an angry dog against your partner? Perhaps the worst thing you can do is to “play hardball” either because you or your family wants you to. This is a very good way to end up not getting married. + +My coworkers have used prenups to decide on a number of matters: premarital assets, inheritance, family businesses and heirlooms, taking care of children from other marriages in the event of their death, pre-marital debts, marital property (houses, cars, etc), alimony, the value of work in the home or of putting a spouse through school, among others. A good way to think about what should be in a prenup is to think about what is most important to you or your partner in the event of a divorce (or death). Generally, prenup negotiations should focus on protecting those matters and being fair and equitable on others, such as marital assets and the value of work in the home. Because you need a lawyer to have a good prenup and laws vary by state, you (fortunately) are required to have someone there with you to help you guide you through the process. Whatever your situation, I think a prenup is a good idea, as it is the only form of marriage insurance you can buy. And with divorce rates being what they are, insurance is a really good idea. +These two douche canoe Youtubers are actively blocking and silencing anyone whos speaks up against the APEFEST. These dudes are clearly not here for the betterment of our community if they are stupid enough to push such a blatant shill agenda. These guys cannot be trusted and we should all unsubscribe to there channels if they will not let us warn our ape brethren about the perils that lie ahead. + +&#x200B; + +EDIT: A MOD from Andrew MoMoney's team reached out to me and offered this explanation... As I absolutely support our APE NO FIGHT APE agenda I'm going to post his message for everyone to see so they can decide for themselves how they feel. + +&#x200B; + + I'm a mod on mo money (john desilva) , it was probably me who timed you out because at the start of the day there was loads of people saying fk ape fest , yesterday when i went to bed apefest was a good thing so i assumed the comments was SHF shills trying to ruin our good time , After checking Reddit and reading the DD about ape fest being seen as a way to view us as a collusion, I spoke to the other mods and we agreed that its a possibility so it was agreed any ape fest talk good or bad wouldn't be timed out from that point , As an ape myself i try to stomp on fud as quick as i can , day in day out there's 100s of shill comment saying sell sell its dead etc , I get there is a lot of people who don't like Andrew but there is a lot of people who do and they are an ape so to boycott Andrew would be ape on ape, We don't need it, the fight is at the SHF . Andrew has already said he isn't promoting the apefest at this point until it can be proven its not a SHF play . OP sorry for timing you out mate it was a genuine act to stop what i thought was FUD :D I cant reply on the post i don't have the karma. + +&#x200B; + +&#x200B; +wonder how many threads we'll hit today + +[WSB Stats](http://wsb.gold/public/dashboard/e65fcfcb-70a4-4d86-b7fb-888057c67881) / [Rules](https://www.reddit.com/r/wallstreetbets/about/rules) +**Official announcement here with details:** https://basicattentiontoken.org/dow-jones/ + +>"The two companies also aim to collaborate on and experiment with blockchain-based technology in media and advertising. They plan to test a number of innovative solutions in the news and information space, including delivering content via Brave’s blockchain-based digital advertising and services platform." + +Dow Jones will use BAT's blockchain-based digital advertising platform (Basic Attention Token). + +Free subscription to Market Watch and Barron's (Wall Street) for Brave users too. + +Dow Jones owns the Dow Jones Industrial Average, Wall Street Journal, MW, Barron's, a bunch of other major Wall Street names. + +Basic Attention Token (BAT) is from the inventor of the Javascript programming language, and founder of Mozilla and Firefox. + +___________ + +**Featured just now in AdWeek:** http://www.adweek.com/digital/dow-jones-media-group-is-experimenting-with-a-blockchain-platform-that-wants-to-wipe-out-the-ad-tech-industry/ + +**Edit:** Just came out on CNET: https://www.cnet.com/news/ad-blocking-brave-browser-gets-big-partner-publisher-dow-jones/ "Ad blocking Brave browser gets big partner: publisher Dow Jones" + +Edit #2 (/u/cryptojennie): **REUTERS:** https://www.reuters.com/article/brief-dow-jones-media-group-partners-wit/brief-dow-jones-media-group-partners-with-brave-software-idUSFWN1RV0VH + +**PR Newsire:** https://www.prnewswire.com/news-releases/dow-jones-media-group-partners-with-brave-software-to-offer-premium-content-to-users-and-test-blockchain-based-payment-technology-300631972.html + +Edit #3: Just hit MarketWatch itself which has huge readership in finance/Wall Street: https://www.marketwatch.com/story/dow-jones-media-group-partners-with-brave-software-to-offer-premium-content-to-users-and-test-blockchain-based-payment-technology-2018-04-18 + +I've had one on order since march but it keeps getting delayed. With the energy cap rises and the fact they are much more expensive to buy/lease I'm considering cancelling and just getting a regular car for the next 3 yrs. + +Is this the right play? Im in a fortunate position that I could still obtain and run an EV (if it ever turns up) but paying over the odds to charge it seems daft. Off peak energy tariffs aren't a silver bullet if you have reasonable daytime usage (wfh, kids, etc.) +I recently read some news on how evergrande holds $300 billion debt and it's default might cause a chain reaction. +Already global markets fell a little and commodities market is suffering as a result. +I wanted to know how will/can this affect the Indian stock market and will it lead to increase in prices for items imported from china? +Upcоming news + +⚡️ Further push fоr medium tо lаrge sized eхchаnges + +⚡️ Getting listed оn prоbit + +⚡️ SSB АMА + +⚡️ Billbоаrds аnd bus аds in Lоndоn + +⚡️ Аn аudit frоm certik + +⚡️ Mоre influencer pаrtnerships + +⚡️ Cоnsistent giveаwауs with eхciting prizes + + + ТАТА’S Аchievements till dаte + +🚀 Dessert Finаnce аnd Sоliditу Аudits + +🚀 Аre оn CMC, CG, Cоinbаse аnd Stоcktwits + +🚀 Partnership with a Disney animator + +🚀 Mоre thаn 300Т tоkens burnt + +🚀 10,000 GBP dоnаtiоn tо ICRC Yemen Prоject + + +🚀 $10,000 dоnаtiоn tо Chаritу:Wаter + +🚀 Mаrketing аgencу оnbоаrd + + +🚀 Sоciаl mediа аds оn multiple huge grоups аnd plаtfоrms + +🚀 Mаnу exciting giveаwауs + + + + Fооd fоr Тhоught + +🎧 Таke уоur initiаl investment оut аnd let the rest ride + +🎧 If уоu believe in а prоject, keep buуing the dip аnd strаtegicаllу increаse уоur bаg + +🎧 Dоn't fоllоw the crоwd, fоllоw уоur reseаrch аnd gut + +🎧 Studу а prоject deeplу аnd lооk аt their fundаmentаls аnd whаt theу stаnd fоr, dоn’t let оthers tell уоu whаt/whаt nоt tо dо + +🎧 Its best tо аsk questiоns befоre cоming tо cоnclusiоns. Аt ТАТА devs аnd mоds аre аlwауs аvаilаble tо аnswer уоur queries + +🎧 Onlу invest whаt уоu cаn lоse + +🎧 Dоn't аllоw red cаndles tо scаre уоu аwау аnd pаnic sell + +Links + +🌐Website: - httрs://hаkunаmаtаtа.finаnce (https://hakunamatata.finance/) - + +🐦Тwitter: httрs://twitter.cоm/tаtаtоken (https://twitter.com/tatatoken) + +💹CМC: < httрs://cоinmаrketcар.cоm/currencies/hаkunаmаtаtа (https://coinmarketcap.com/currencies/hakunamatata) > + +🟦Тelegrаm: * httрs://telegrаm.me/tаtаtоken (https://telegram.me/tatatoken) * +Hello, and sorry in advance because this is a long one. + +--- + +**tl;dr: Technical Analysis has some value, but don't base your trade on only TA. It tells you about how the markets collective psychology is, and that is the aspect you're looking for. It sets you up to see potential movements and understand why they might happen in a way that a fundamental analysis won't.** + +--- + +We need to talk about technical analysis, and it's place in investment decisions. This is a sub about *trading*, and I don't want to sit idly by while this sub brainwashes itself into a HODL and forget-mentality, shutting its eyes to information that flies by. + +On this sub, there's a widespread and accepted attitude that even looking at charts and attempting to derive any meaning from the price action, is utter hogwash and a fools errand. Since nobody knows where the price is going, looking at historical events to determine the future must be a waste of time, surely? Drawing fancypants triangles and lines between point A and B, only to land at a place that confirms your bias seems like a counterproductive venture, so why bother? + +Well, yes. You're not wrong. But that is not the purpose of technical analysis, at least that's not the way the tool should be used in my opinion. There is no doubt that fundamental analysis beats out technical analysis in order of importance before any investment decision. But where technical analysis beats out fundamental analysis, is explaining the collective psychology of the investors in the market you're analysing. How they behave isn't necessarily related to the intrinsic value of the currency itself, but more connected to human psychology (*which is the sole reason bubbles exist - if psychology wasn't an issue, everything would be correctly priced way more often*). And the price action of the currency thus doesn't always operate rationally. + +**Let's dive right into it.** + +--- + +> [This](http://imgur.com/y0LU16y) is the basic shape of a generic Harmonic Pattern - *or a triangle, if you will*. +> +> Looking at it out of context like that, it looks like something you'd see in any tarot-foreseers arsenal. How can these mean anything at all? Well, we're in luck because Ether today is a *perfect* example of the driving psychology that shapes these patterns! +> +> [This](http://imgur.com/xlEApJy) is an image of the movements of Ether since the start of may, 1.5 month ago. It's a pretty bullish run up, before we took a tumble down today. + +* "[X](http://imgur.com/wY3zw29)" - This is the start of the bullrun, people invest here because they see the currency being worth more than it's current market price. +* "A" - This is the current ATH. People sell now for various reasons, but among them are uncertainty, profit taking, fear etc. For whatever reason, the bullrun loses momentum and reverses. + +> Now this is where it gets interesting. + +* "[B](http://imgur.com/wx0Vhto)" - a point that the market again decides the currency is worth more than it's market price. So it attempts another run up. But this doesn't happen at random times - retracements often (*but not always!*) follow the [fibonacci ratios](http://www.investopedia.com/articles/technical/04/033104.asp) (38%, 50%, 61% and 78% most notably), and pivot around these. You might've seen me or other people talk about the "61% level of support" etc - and that refers to these levels. And these levels go from top to down because we're measuring the *retracement* of a prior movement. The prior movement is from point X to A, and how far down it goes before it reverses is what we're looking for. + +> In these patterns, there are certain rules and ratios to differentiate between them. Generally you can sort them by bearish or bullish, but the aforementioned fibonacci levels also differentiate between the different ones. Ones of these rules, is that point "C" will retrace between 61% to 100% of the AB leg. So I've drawn up that [here](http://imgur.com/CNM9YeY). +> +> Now you might ask, where does psychology tie in with this? We're getting there. If you look at the last picture once more, you'll notice that C either is a double top (*if it retraces 100%*), or a lower high (*as in the image*). These are bearish signals. Now remember that people thought the currency was undervalued at "B", so generally there's bullish sentiment in this pattern. But for now, people are seeing signals indicating a selloff, and that's what they're reacting to. + +* "C" - from this point the market sells off, and goes down below point "B". As the market was before willing to buy at this level, if we get a higher low than we had at X, it's generally respected as a reversal indicator. And people who sold at [C might see this](http://imgur.com/w8EXGFP) and buy in again at D. + +* "D" - this point depends upon how the other points played out, and how you approach it will vary from ~~situation to situation~~ pattern to pattern. The rule of thumb is to be *prepared* for a *possible* reversal, and then decde for yourself if you have enough information to take a position based on that information. And yes, basing this decision solely on technical analysis is the controversial part. *It hasn't been proven to work better than the flip of a coin*. So why do people trade with this sketchy concept? + +> *Because we're not trying to predict the future*! We're trying to find reasoning behind historic events (*past market movements*), and common events that can happen because of them. We're mapping a potential upcoming event, and preparing ourselves for that event - to not be taken by surprise, and left behind by the market. And when was *more information* ever a bad thing when it comes to making informed decisions? I'm not saying that there's informative predictions about where the price will be, but there's definitively information about how the market reacts to be read. + +> So, why am I saying that Ether is a perfect example of the validity of triangles and socalled "technical analysis"? Well, concider what we've seen in the daily chat today. People saying it's a bargain to buy now, people screaming to get out because it's gonna drop - wildly different thougths about what is going on, but definitely proof of the following: + +* A will to buy the currency now. +* An idea that the currency is overvalued, and needs to drop further. + +> +> Doesn't these two reflect pretty well in [this shape's A and B points](http://imgur.com/H5c580W) as well? And with that said, is it really so unthinkable to *just keep your eyes open* for potential reversals in zones that are based on this pattern? After all, no investment decision has been made yet. You're just one step ahead because you can now understand and rationalize what you're seeing. It's not just blood everywhere, it's the psychology of the group pushing the price. +> + +--- + +Now taking this line of thought into Ether - we've seen a will to push up to A, and an event that drove the price down. There's people still thinking Ether is way underpriced, so a will to push up is still present. Therefore it's natural to expect a reversal at some point (*I'm treading the line now, I know - in the "real world", what moves the price is the fundamentals. But this is so early all we have now is adoption/speculative value*). Based on this, I'm just [drawing these lines](http://imgur.com/Bxh0oap) to see where the different patterns would have a reversal happen. I'm not saying it's going to happen, but these patterns are backtested and they occur often enough to be as valid as any other pennant, head / shoulder, flag etc. For that reason, I draw them up such that in the event they follow through from X to A to B to C (*without invalidating / breaking any ratios*), I will not be taken by surprise if the market soars after a reversal I missed (*the reason the market soars in that case is not because of a pattern, but the pattern does a good job of laying out for you what happened that you missed out on (in terms of psychology))*. Because I gathered information leading up to that event, I could hopefully have been prepared. + +We're still far away from making the decision to take a position - but there's definitely a language here, and understanding it takes away a lot of the irrational fear of feeling your net worth plummet for no reason, and an urge to pull out your money. + +--- + +I'm gonna stop right there, because I'm quite sure I've already bored you to death, even though there's so much to say about TA. And no, you're not getting a juicy prediction from me. I'll be happy if just a single one of you have given at least a passing thought to the concept of technical analysis by the end of this. + +edit: and seeing as I write slow af, [this is the potential reversal zone](http://imgur.com/c9B6NWm) for C in the event that this were to proceed to validate as a harmonic pattern. If we were to drop down below B again, that just means the first B wasn't the actual reversal, and as long as it is within the 38-78%, it's still a valid B. + +edit 2: And if we aren't going to bea the previous ATH, [this is the reversal zone](http://imgur.com/VWWhfDj) for C. + +Disclaimer: + +* I am obviously not a professional, nor am I affiliated with any professional financial institutes. +* I, like most here I believe, have positions in Ether. +* I am not offering financial advice. +Loopring is getting silenced in the crypto sub. I believe is to stop people from asking why loopring is mooning. If the crypto community start doing research on Loopring they'll find Gamestop, and to me that's great!! + +Loopring could get the attentions of millions just like the first doggy coin did. + +I understand this a GME sub, but let's embrace the mess! + +Edit: LoopBros are already throwing cash at GME in solidarity! + +APE TOGETHER STRONG!!! + +There's a LR sub loopring org +Go take a gander +Why would for example a machine losing value through wear and tear create value for a country. From what i know GDP represents the final sum of worth from all the goods and services produced in a year, but how does depreciation create value? +I am mostly attending inspections on the weekend for apartments, up to 5-6 each week in Sydney for the last couple months. +So far.. some common themes I've noticed with agents include: + +* Often they are late and people are waiting outside the building (I do realise they are often coming from other inspections but... a bit of time management never hurt) +* Often it's a "replacement" agent because the person who is supposed to be there, couldn't. I find this one most frustrating because the replacement agent basically can't answer any of your questions, even basic ones such as building age or strata costs +* Actual agents who owns the listings. One couldn't even tell me how many apartments were in the building and made the helpful suggestion of "if you take a look at the mailbox numbers on your way out, it will give you a good indication". There are also other agents who spends the entire time talking to one potential buyer and doesn't bother asking if you have questions only to call you 5 times the following week (has anyone refused to give their mobile at an inspection?) +* Dodgy agents who don't reply to calls/emails to get you to turn up to inspections where you find out the strata is ridiculous or there are issues with the building. I had one agent email me with the strata cost and when I turned up to inspection, it was +$300 higher than stated. He apologised saying it had only just increased and they didn't have time to update the listing. There are also others who fail to disclose serious issues with the building (how is this lawful?) +* (Before inspections) Agents who can't respond to a basic enquiry asking for the price guide and/or strata fees - so many times, I have to email again asking for the full info requested. In the meantime, they've circulated your email address to 10 different parties for straight-up unlawful email marketing. + +Don't get me started on the incessant calling/ spam emails the following week. To be fair, I should also say, I've had pleasant experiences with some great and knowledgeable agents but the majority of experiences? Subpar. +I have spinal stenosis in which their is no cure for. I just turned 27 and am already in pain 24/7. The neuro expects that I will be disabled in 10+ years (could be even less)! I need financial advice on what to do now. I never even considered disability as a part of my future. + +&#x200B; + +***Stats:*** + +**Debt:** $0 + +**Work 401k (matches 6% and I put 11% in):** 45k so far :) + +**Roth:** 2k + +**Savings:** 3k + +**Rent, Utilities, etc:** 300 / mo. Live with my partner who covers the bulk of it + +**Groceries, video games, and other random stuff:** 300 / mo + +**Monthly Income w/ Taxes taken out:** $1700 USD month + +&#x200B; + +What should I do now to prepare for my future? I know I live with my partner now but in the event he cannot work or I cannot work I'd like to "future proof" myself so I'm not disabled AND homeless. Thanks for taking the time to read this. +I am trying to find a nice home for my old grandpa to live the rest of his days in and I can not believe the prices for a developing country whose economy is deeply suffering. Even the decent small homes are in the $200k USD range! This type of purchase is not exactly something you can get a mortgage on so that’s why it’s difficult to see such high numbers. +**TLDR: I am a software engineer in my late 20s. Spent the last decade living in Germany. After working in the industry for two years, I managed to double my net salary by starting working remotely for a US startup and changing his tax residency.** + +Ever since the covid crisis, we can probably all feel that living off the salary of a software engineer in Europe gets more difficult. Please, don’t get me wrong, I know that on average, working in software engineering is one of the best career choices on many levels. However, I am seeing tons of threads in various subreddits, where engineers are desperately looking for new opportunities to protect themselves financially from the absurdly high inflation. Especially with the advent of remote work, no matter if you are based in Turkey, Hungary, or Germany, I believe that you can double your salary, simply by leaving your current job and looking for remote, well-paid opportunities e.g. in the US. Also, if possible, do consider moving from Western Europe to East/South Europe and drastically improve your saving opportunity. + +This is my story of looking for a remote position. By changing my employer and tax residency I managed to more than double my net salary (please see the attached diagrams at the end of the write-up). The goal of this post is to show how big is the discrepancy between what one could earn in Europe vs working remotely for the US. + +I deliberately use a throwaway account. I am quite an active Redditor in the machine learning and personal finance communities, with a strong internet presence. If I were using my real identity, the companies that I describe could be very easily identified and I do not want that. + +Intro + +March 2021. I accepted a pretty unusual job offer. After the series of interviews, I decided to take a slight pay cut and join one of the sexiest engineering companies on the planet (let’s call it company “BoJack”), having a direct communication channel with one of the most important public figures in the tech world. Theoretically, I had an opportunity to learn inside-out how one operates an extremely successful tech company. In practice, after my initial six months, I have found myself questioning whether I fit this position. This is why: + +* I ended up working on the things I have little interest in. +* I was expected to put in more than 8 hours a day and be paid for overtime. The company has made a lot of people rich through their stocks in the past, and that was the main financial incentive for many employees. But I already had a significant amount of equity in this (public) company, so that was not the strongest incentive. +* More than two hours commute every day. +* In general, zero additional perks. + +I have to admit though, that I was working with great engineers; some of them remain my very good friends to this day. I am an AI software engineer by training and I was very much missing this field. In theory, company BoJack does have one of the best AI teams in the world. I did pull some strings, attempting to get in, but sadly, I flunked the internal interview. Even if I did meet their expectations, it would have been required for me to move to the US. + +Note: I was working for the German branch of this US company. + +So at that point, I decided to quit and find something new. + +Rules of the Game + +Before I left the company I had clearly defined what I expect to do next. + +* I want to work fully remotely. The primary motivation was to move in with my girlfriend, but since she happens to live in the low taxes/costs of living part of Europe, well, win-win. To be honest, I think I had a pretty good standard of life in Germany, while still saving around 50% of my salary. But with the fully remote opportunity, I could reduce my taxation rate, and save more, while enjoying a higher quality of life. +* I want to work for a cool company. In Germany, there are many companies and startups which are simply boring, rusty, and slow. They are not willing to stay up-to-date with the market salaries and the concept of equity is novel to them. I also want to be surrounded by the brightest minds, people with great experience, from whom I could learn quickly. When applying for a remote position, I was aiming mostly at a few German companies, as well as Swiss, British, and US employers. +* I have set my compensation threshold, based primarily on the base salary. This means I wouldn’t accept any offer (unless I am truly mind-blown by the company’s potential) below X dollars/euros/etc. As much as I value equity as a form of enumeration, I have decided not to incorporate non-publicly traded assets into my compensation threshold. I think that when joining a pre-seed or series A, even B startup, you should assume the value of your equity is zero. Negotiate to get as much equity as possible, but never go below your desired compensation threshold. Especially, beware of getting lowballed - “we pay low salaries because we estimate that our options are certainly going 100x in the future”. This is probably not happening in 95% of the startups. + +Leaving the Company & Preparation + +I vividly remember the days, when I was looking for my first position in the industry just after my graduation. My biggest learning was that you need to treat job hunting as your full-time job. So I started aggressively applying, as well as preparing for the interviews: + +* After researching all the hot platforms for jobs in tech, I ended up spending most of my time on LinkedIn (note: Premium is expensive, but it pays off) and AngelList. I was sending around a dozen applications every day. Probably on average three interviews per day. I did not filter the companies and applied to whatever was looking decently. I have learned the lesson, that sometimes the most obscure-looking job posting may turn out to be an awesome opportunity. My most aggressive filter kicked in either after a very bad initial conversation, or when the company did not allow for a fully remote position. +* I have activated my professional network. Leveraging your connections to bypass the usual resume screening stage and talking directly to engineers/management is essential. Alexa Gordic nailed it in his article: [https://gordicaleksa.medium.com/how-i-got-a-job-at-deepmind-as-a-research-engineer-without-a-machine-learning-degree-1a45f2a781de](https://gordicaleksa.medium.com/how-i-got-a-job-at-deepmind-as-a-research-engineer-without-a-machine-learning-degree-1a45f2a781de) +* Every day I was mastering the following skills: +* Machine learning and Computer Vision fundamentals. +* Basic software engineering skills: especially system design and MLOps. +* Negotiations, negotiations, negotiations. How to talk to recruiters and hiring managers, dos and don'ts of negotiating with big tech, etc. The main goals were: +* to avoid getting low-balled +* to grow a thick skin when it comes to asking for premium money. + +I had started job hunting two months before I handed in my resignation. This was not sustainable, especially given my 50-60h/weekday job. Since I was interviewing a lot for the US companies, it was not rare that I had interviews around 11 pm local time. So it was my way or the highway - I handed in my resignation, took the remaining vacation to recharge, and eventually started working hard on my applications. I have secured pocket money for several months of joblessness, something which put me in a good mental state. This was especially useful at times when I was aggressively haggling over my compensation (not allowing me to accept compensation below my threshold) or was down after weeks of very painful rejections. + +Warning: Job hunt is hard + +No exaggeration, I went through several dozens of interviews with companies ranging from tiny startups to FAANG companies. There were many cases when I was rejected after the initial screening, but also when it seemed that I was an inch away from receiving an offer. + +Typically, whenever a company responded, I managed to go through several rounds of interviews and failed just in the end. I was usually nailing the screening as well as the ML-oriented task. However, my weak spots were typical software engineering or system design skills. This has changed throughout my job hunt, as I did focus on my Achilles heel and got better. + +Nevertheless, I was mostly getting rejected over three months. But that’s fine. This is a number game. No matter how smart you are or how brilliant your interview was, there are gazillion factors that are independent of you. And often those factors decide about you failing an interview. So set your default expectation to rejection, because that is the most likely outcome. Every time you get rejected, this should ideally not affect your mental state at all and be the proverbial water off a duck’s back. + +Learn from every rejection. Sometimes you will be told why you flunked. If it was a theoretical question or coding challenge, do a post-mortem and make sure you get it right next time. Remember, there is a surprisingly high probability that the same question will come up during another interview in the future. + +It is a number game. I was sending about 20 resumes every day. It was difficult, especially because I kept rejecting all the companies, which would not hire remotely. If that was the case, I said thank you and moved on. + +Over three months I have rejected three offers before finally accepting the final one. I will describe my offers shortly. + +Rejected offer: Interviewing with the company Rick + +My first offer came from Rick. They were a local German startup creating an open-source ML framework. Even now, after six months since I started talking with them, I am still blown away by their rapid growth. It took them less than two years to get to more than 10k stars on Github and become a very popular open-source project. + +The hiring process was very smooth. After a relatively easy interview and meeting with the team onsite I received an offer. Fully remote position with a good salary, yearly bonus, and an equity package. I was also promised some additional perks, like them paying for my home office furniture and whatnot, but they were too early in the mix to make any of the perks a part of the official offer. + +I got the recruiter to reveal the pay scale for this position - the golden snitch of all the interviews. In general, in any negotiations, you want the counterparty to be the first to name their price, and this time the fortune was in my favor. So knowing the pay scale I found out that the offer put me right in the middle of their range. And sadly, my desired threshold was just below the upper limit. + +So I started to put all the recently acquired negotiation skills to practice. This involved bantering with the recruiting team and the management, reverse interviewing the engineering team, and talking to ex-employees on LinkedIn. Soon I learned from several of them that the company has quite a toxic culture, any decision could be single-handedly overruled by the CTO, and there is possibly some cronyism involved. I confronted the company to find out whether it is true, and I didn't get a good answer. Another red flag was the fact that my equity shares were presented to me as an exploding offer (”you have two days to accept, otherwise your shares will get diluted”). Do you expect me to join your mission and commit, without taking the proper amount of time to think about this decision? + +At this point, I subconsciously knew that I did not want to join the team. So did they, because soon after, I did get the automatic email message: “...after a thorough evaluation and internal discussion, we had to make the difficult decision to not process the recruitment procedure”. + +Rejected offer: Interviewing with the company Cartman + +This was a tough offer to turn down. Great, ambitious German start-up, working on problems very close to my expertise and personal career mission. They had great, experienced engineers and truly revolutionary products. After sending my resume I received very enthusiastic feedback from their president of engineering. I was impressed by his incredible experience and direct, efficient approach. After a round of interviews (which did not go very well, to be honest, maybe this influenced the later part of this story), he called a couple of my references and finally gave me an offer. + +I have never received such a low offer in my life. Naturally, I was told that they are a modest start-up, and the real compensation, which is going to be life-changing once they IPO, is my equity package. Yeah right... + +I gave my expected salary, we went through several rounds of negotiations, and finally, I decided it was time to cut the conversation and turned down the offer. + +To my surprise, on the next day, they returned with a revised offer. The idea was that they will not increase my base salary, but they will make a difference between the base salary and my expected salary, and pay it to me as a bonus. This bonus would be paid at the end of the year, provided I reach some pre-defined milestones. After my inquiry, it turned out that the milestones will be defined once I accept their offer and join the team. Well, how can I agree to condition on a substantial yearly bonus (around 20% of my yearly salary) on some milestones, which will not be revealed to me in advance? I kindly rejected the offer. + +Rejected offer: Interviewing with the company Archer + +That one was weird. Very early-stage startup with an ambitious outlook. Because the team was small, they were extra careful to hire employees with the right technical and personality profile. I was meeting with them regularly for several months. Some of those meetings included testing my engineering skills. I was solving some pretty complex problems and had the feeling that the founding team was not entirely sure what the purpose of those challenges was. The process was quite awkward, but surprisingly, I was offered the position of CTO. I have to say I was very flattered! + +The team was very reluctant to be working remotely. I did at some point stress that this is an absolute must-have for me to join the team. As a CTO, I would be earning a pretty modest salary if I stayed in Germany. Otherwise, it would be adjusted to the cost of living abroad. Since I planned to move to the LCOL area, I would probably end up earning something disappointing. + +But hey, I was offered 10% equity as CTO. However, given that they had about 5 full-time employees and were pre-seed, I am not sure how good that is. + +Accepted Offer from the company Butthead + +I was in my third month of unemployment and was getting fed up with the interviewing process. However, this also meant that I was very well prepared to handle almost any algorithmic or machine learning questions. As a result, I aced all the interviews for the company Butthead and ended up discussing a perspective offer. US start-up, backed by superstar VCs, a very impressive management team, engineers, and research scientists with a stellar experience. I gave my offer, which was around 20% above my desired threshold and the recruiter simply said ok. + +On top of that, I received a solid equity package, which I am pretty confident, may become valuable in the future. + +So I ended up working remotely for a start-up with a great team, amazing atmosphere, a very bright future (I honestly believe we will do great things in our field), and for a great salary! Still, not only salary is important when it comes to improving your net money inflow. I moved from Germany to Eastern Europe, lowered my tax rate down to around 10%, and managed to get several tax benefits. + +The chart below summarizes my salary progression over the last two years. Note: I added “Past Company 1”, my first non-internship employer after graduation. + +[https://i.postimg.cc/W3Ky2x1Y/Zrzut-ekranu-2022-04-25-o-09-24-33.png](https://i.postimg.cc/W3Ky2x1Y/Zrzut-ekranu-2022-04-25-o-09-24-33.png) + +Happy to answer any questions. +Hi everyone- Need sole ETF advise. + +Here’s some background: just found out that I will receive a $25K (net) bonus. I paid off all my loans (including car but not 15-yr mortgage). + +I bring in $150K and partner brings in $195K. After several years of hard work, we finally made it to this level of income and we’d like to plan out our investments. + +Anywhere I look, I see that ETFs is the way to go but I don’t know how to get started. + +I’d like to be able to fund my kiddo’s college, too and am hoping I can pull that off. We pay about $30K/year for private school right now (it will go up to $50K/year by the time we get to high school). And while I hope that kiddo can land a scholarship, I am very well aware of the tense competition out there and don’t want it to be a stressful event. + +We maxed out out 401(k)s already (19.5K each, I think). + +I know I am a little al over the place but what is the best way to convert the $25K in to a great growth that will help contribute towards my kiddo’s college and my retirement? + +PS: My boss also just told me to expect a min $25K net bonus every year (not included in my $150K mentioned above). + +Thank you 😊 +Sharing because I had *no idea* this was a thing. I'm in the US. + +I take Prozac (Fluoxetine) daily for depression & anxiety and my copay is usually \~$50. This time it increased to \~$75. Instead of filling it, the pharmacist asked if there's a specific reason I take tablets (pressed pill) instead of capsules (gel cap with powder inside). I said "no." + +He says, "oh -- give me 5 minutes to rerun your prescription as capsules instead. It will probably be way cheaper." + +5 minutes later, "yup, your copay is now $1.50. Talk to your doctor and get your prescription permanently changed to capsules instead of tablets." + +I did this. I now pay **98% less** for the exact same medication, just in a different form. I didn't switch from branded to generic or anything, literally all that changed is the form. + +Check with your doctors and pharmacists. And maybe get second opinions -- my doctor either didn't know about this difference, or didn't care to tell me. +So the time is here.. Attorney General National Security Division has served the Bitconnect shillers and court date is right around the corner.. Wonder how this will go? + +[Trevon James Court Date!](https://www.youtube.com/watch?v=A2ewFbRbi4Y&t=788s) + +[Craig Grant Court Date!](https://www.youtube.com/watch?v=QV0xd-7-Yjk&t=38s) + +WHATTTAMMIGUNNAHHDOOOOOO! + +I’ve seen some people give up a lot in their 20s to increase income or savings. The justification is often that money saved early on is more valuable than money saved later in life, which is true. So get the money saved early, then ratchet it back and live a little more later in life. + +I’ve been reminding myself lately that other aspects of life compound as well. Personal relationships grow over time and open more doors to other relationships, earning opportunities, etc. Good health makes exercise and healthy habits easier (not to mention avoiding irreversible health issues). Etc, etc. + +Basically, it’s true that *anything* done right in your 20s will have more impact on that aspect of your life than taking the same actions in your 30s or 40s. Something to keep in mind when striking the balance between pursuing financial independence and focusing on other aspects of your early adulthood. +My husband and I are in our 50s and have never owned a home. For various reasons, we never felt the time was right with income/debt/savings. Now we are finally debt-free, have great credit, and while we don’t have a ton of savings, we do have enough to put about 5% down on something in this area. I would like to have a home where our kids can live if they need to while still young adults getting on their feet; we could then sell and downsize after they are settled on their own. My husband feels renting til we die makes more sense because we don’t pay for major repairs and we are too old to build enough equity in a house to make up for it. I know this may all be too vague to answer but any insight would be appreciated. + +Edit to add: the $20,000 in our savings account is not all we have. We do have $150,000 in our 401K (which is added to each year) plus the federal FERS retirement plan which will give us $48,000 per year after retirement. +This can’t be brushed off as mod drama because these two have taken a power trip and become delusional as to what a mod is. Pink came out with screen shots of a conversation between RED and Hey_Madie. + + +In this conversation, Madie is whispering negative sentiment about other mods to Red. RED CHESS QUEEN IS MIXING HER PERSONAL AFFAIRS WITH SUPERSTONK. + + + +Madie has been previously shilling a wallstreet sub by calling GME a pump and dump and shilling Weed stocks. She was able to bypass satoris algo’s and become a mod made possible by RED. + + +Madie was called out by Dr.T and yet no one did anything but brush it over. +Pink was removed when RED WAS THE ONE WHO MADE THREATS AGAINST HER. + + +If you don’t believe me read u/pinkcatsonacid post + + + +REMOVE MADIE AND REDCHESSQUEEN FROM MODERATOR LIST. + + +Edit 1: idk if this sub will fall or not, I sure as hell hope it doesn’t. On the contrary pink was permabanned and has created a new sub GMEjungle if anyone else wants to join that sub too. + + + +Edit 2: Madie had made a comment saying “Diamond Hands = Bagholders” but has now deleted the comment. 🤔 + + +[The most successful monkey in Wall Street] (https://i.imgur.com/F3Jg6j7.png) + +[Raven’s picks] (https://i.imgur.com/4PqNY8S.png) + +[The bubble bursts] (https://i.imgur.com/bZxmy4w.png) + + +Another Dot Com Bubble : + +In March 2000, just as the bubble created by the Internet stock craze reached at its peak; Merrill Lynch, one of the world’s largest stock brokerage firm, jumped on the bandwagon with _Internet Strategies_ fund. + +The public offering of the two funds was an incredible success. Merrill’s brokers pulled in **$1.1 Billion** from their trusting (or was it performance chasing?) clients in Internet Strategies Fund. + +The subsequent returns of the funds, however, were an incredible failure. (Not surprising: the best time to sell a new fund to investors - when it’s hot, is often the worst time to buy it). + +Internet Strategies tanked almost immediately. + +Its asset value dropped 61 percent during the remainder of 2000 and another 62 percent by October 2001. + +The total loss was a cool 86 percent as most of its investors cashed out their shares at staggering losses. When the fund’s original $1.1 billion of assets had plum- meted to just $128 million, + +Merrill decided to kill Internet Strategies and give it a decent burial, merging it with another Merrill fund. + +[Link to relevant news from 2002](https://www.cnet.com/news/merrill-lynch-scraps-net-mutual-fund/) +[Link to the full article (3 min read)](https://www.businessinsider.com/biden-elon-musk-twitter-deal-government-national-security-review-report-2022-10) The US government is considering a national security review on Elon Musk’s ventures which includes the Twitter takeover deal. The purchase of Twitter comes with the aid of foreign investors and that raised concerns for the Biden administration officials. The CFIUS that reviews foreign takeover of American business may be involved. If the Twitter acquisition does get reviewed by the CFIUS, then the agency could recommend Joe Biden to end the deal. Twitter’s stocks fell more than 13% in the premarket after the news but recovered and closed 4.86% lower on Friday. + +**Get more bite-sized news like this straight to your inbox for free at** [**investorsnippets.com**](https://investorsnippets.com) +I have compiled the interest rates of the different Central Banks Worldwide. Argentina has the highest interest rate at 60% and Switzerland has the lowest interest rate at -0.25% (everyone else is in between). + +[Image 1](https://preview.redd.it/g62fc3qkm8k91.jpg?width=1280&format=pjpg&auto=webp&s=27838f43990755b05bdd95f19c46c5eaba4ac5d6) + +[Image 2](https://preview.redd.it/h5t6b4qkm8k91.jpg?width=1280&format=pjpg&auto=webp&s=4c6d084f0428b361ca6a087d773095cf8a3df774) + + + +A few factors that affect Central Bank interest rates are - + +* the demand of money in terms of borrowing within the economy and the borrowing done by local companies in the international markets +* the supply of money in terms of how much money is printed by the Central Bank with regards to the goods available in the market (if more money supply but goods are less then inflation can kick in and vice versa) +* the deficit or surplus the country generates in fiscal year for its budgets +* INFLATION +* the interest rates of other Central Banks and the exchange rate of your currency (if rates move higher or lower in a relatively stronger economy then money can move out or into your economy) +* the use of a Central Banks currency Worldwide (the US Dollar is used in more than 75% of the World's transactions) + +**It would be great if Redditors (who have the knowledge) can discuss the various reasons for the different interest rates for their country or any other country, and how they affect the stock markets and value investing in general. It would help everyone!** + +**Thanks,** + +**Have Fun!** +My metamask wallet number is 0xc97603fc31d6e96C2A145EC44B369d5263470279 + +Some bustard who tricked me into clicking on a dodgy link (pretending to be tech support for SNX on discord) has taken half my wallet so far (about $130k). The rest is still there but disappearing slowly in front of my eyes. + +You can see all the transactions from this morning how he/she is cleaning up. + +Unfortunately there doesn't seem to be anything I can do other than jumping on the occasional ETH transfer they are making in so I can sweep it out. + +The only reason I haven't shared my secret phrase with the whole world is a quiet hope I might one day get it back. But if that's never going to happen maybe I should share it with you all. After all it would amuse me if someone else steals it before @scofield#0471 takes it all..... + +EDIT: + +I can see people asking why am I not moving the coins out. The answer is I really, really, really tried. +However there seems to be script which instantly transfer the coins to a different wallet, no matter what I type in for gas fees or the address. So far I failed on ALCX, on YFI, on SLP, on AAVE - so I have given up as I don’t know what to do a setting up a script myself is beyond my abilities. Whenever I add in ETH, all it does is makes its easier to the bastard to take my coins. So all I can literally do is watch right now. + +SECOND EDIT + +I was sent a link to a site which was going to validate my MM extension. The site looked real enough that I clicked on it and entered my security phrase. That was where I suddenly blew up 6 years worth of HODLing in one go…. + +THIRD EDIT + +Normally I am hyper sensitive to security and very very wary of online support from strangers. However, due to a rare combination of sleep deprivation from staying up late to watch the Euro 2020 final, and not paying attention when I should have I made the fatal error of falling for what is now obviously a elaborate con. I’m so used to clicking approve on Defi sites to connect to wallets that my guard has as down and this looked genuine enough. + +By the time I realised what was happening it was too late. I logged into MM from a MacBook as my original wallet was on pc, but it made no difference. They initially took 8 ETH, some sushi and old GNT I forgot to convert. With no gas fees the raid stopped. So I thought I would be quick and add a little gas and try and take some out. That didn’t work - no matter what I big in gas fees it was either immediately outbid (lost my aave and STETH) or accepted and went to another wallet which I didn’t recognise (lost my ALCX there). Later the fucker started liquidating my assets and put gas in to do this. I managed - and this was through the most frantic clicking and accepting any fucking gas bid at the highest price to transfer out the ETH to a separate wallet. I managed to get some out which slowed the attacks as there was no ETH to pay for the gas. This would happen every hour and I managed to get about 0.05 ETH LOL + +This was totally my mistake and not due to SNX, who to be fair, warn you not to do what I did. But I was tired, had sent a message to their tech support sub and instead of reading the warning, ignored it like a noob so yeah - I own this and it’s my fault. + +To those of you who think this is fake, I hope it never happens to you. I had to take a day off work to watch this slow motion disaster - I am sitting with a sick feeling, with pounding chest and periodically start tearing up which I can only assume is a slow motion panic attack. I have told my wife who is understandably shocked. When it all goes, I get to tell the rest of family that I got fucked over through ONE SINGLE LAPSE OF JUDGEMENT. + +I posted this as a warning to the bulk of the community who could just as easily have fallen for the same + +I used to look down on exchanges but they all look safer as least they have 2FA which MM lacks. + +I’m pretty much done now with believing crypto will only change the world for the better and for the first time have been thinking, bring on more fucking regulation and make every wallet linked to an ID - that way one day I can find out the bastard who cleaned me out and will spend what I have left on justice. + +FOURTH EDIT + +Thank you so much to everyone for their sympathy and support. To those of you telling me I’m dumb /stupid / foolish for so much holding on MM, thank for the comments but after the first 100 I stopped reading them as they get dull quickly. It was a mistake to leave so much on MM and with hindsight, the fact that my ledger wasn’t letting me connect to some Defi sites was an obvious flag rather than an obstacle. + +So since this afternoon, I was recommend the flashbots service on discord by some of you. With some (read massive) trepidation about using discord again, I posted my details and one of their whitehat guys Alex got in touch. + +I won’t give all the details for now as he’s still on the case but he already rescued just over 40 steth that was staked on curve as a ETH/STETH LP pool. I’m overjoyed as that’s $85k that I had written off now back (and in a ledger before any of you ask). + +I’m hopeful as to what happens to the remaining $35k but it already feels like a fuck you to the thief. + +Thanks to those of you who told me some of my stolen money may have gone to kraken, I’m messaging them so I hope they can freeze the money and if I’m lucky even help ID the counterpart (not holding my breath though as I don’t know ifs it’s real and whether they will help or not). + +With respect to the site I clicked on, DM if you really want to know but I left it off here in case someone else clicks on it and makes the same mistake I did. I’ve got in touch with the domain hosts to ask for their help in identifying the thief. + +Obviously it not the best day in the world but feels a hell of a lot better than it did a few hours ago. + +FIFTH and hopefully final edit + +Thank you to everyone who has sent positive messages of support, both below and in the chat. They have really helped, especially at the start when I was super stressed with indescribable feeling of watching my account get emptied in front of my eyes and being powerless to do anything about it. The (useful) advice from people was helpful and I am especially thankful that the flashbots teams was recommended. + +Alex has been been awesome. After he verified that the account was actually mine he stepped to stop the bleed (and I appreciated the fact that both the groups on discord and even this sub want to fact-check this to make sure it’s not a scam or a lie to flame someone). He set up a burner to remove incoming ETH which meant the thief couldn’t take more as there was no gas on the account. He then started to work on moving out the remaining coins to a safe wallet. At the time of writing he’s retrieved 117k from the 120k that was left (using this mornings prices). There’s a bit left which will hopefully come over but given how much was taken this am, that’s a rounding error on what I lost. For those of you who need his details DM or wait as I’ll edit one last time and add his Twitter account when this is all over and I’m calm. He has been amazing and whilst they ask for a modest fee it’s well worth it. + +Thanks to Kraken for reaching out and apologies to SNX if it looked like I was blaming them for my mistake. Hopefully Kraken can help but I’m also going to message a lot of the other exchanges too - anything I can do to make the money hard to get for the thief will make me happy and maybe it might even get him caught (but really not holding my breath on that). + +For those of you who keep wondering (1) no, I am not doing this for moon farming as making a few dollars and getting karma in no way makes up for a hit, (2) this isn’t a new account. I’ve been on Reddit for years but am usually silent as the chats can get poisonous quickly, (3) even I knew it was risky leaving so much on a hot wallet but I have used MM for a long time and found Ledger to be challenging with some Defi. I really wish I had been more careful but that’s done. I don’t blame anyone other than myself and the bastard who stole my coins but wish MM had 2FA which would have killed this or a way to hard freeze your account instantly which again would stop the bleed and work out a recovery and (4) for all of you who are sitting on your high horse lecturing me on how dumb this is and why you should never use your private data online - I fully understand and agree with your point of view, as YESTERDAY I would have been like YOU safe in the knowledge that nothing like this would ever happen to ME….. + +It’s been a hell of day but I’ll be fine with time. + +SIXTH AND FINAL EDIT + +Okay so it been a surreal 24 hours. For those of you who want the full sequence of events it’s basically this. + +I have a few different accounts but started using MetaMask heavily in recent months. Basically because Argent was heavy in gas prices and my ledger didn’t always connect to some of the DEFI sites I stitched to MM. Thanks to a run up in crypto market valuations, and some small trades and staking, the $20k was playing with 6 months ago in the hot wallet had became around $250-260k yesterday. + +My first mistake was leaving such a large amount on MM. In fact I had been actively considering moving some of it but with hindsight waited too too long. At times gas prices on ETH have been insane and was my pure bad luck that yesterday was one of the cheapest days around where tx were a few dollars rather than $20-70 which I’d seen in previous weeks. Trying to save a few hundred bucks turned out to be a very bad decision. + +With hindsight, I wish I had got up and gone to work and the worst that would have happened would have been feeling deeply disappointed by the England performance the night before. Instead I went on to make one of the most expensive mistake of my life. + +I decided that yesterday I would finally get around to messaging the help desk at the discord chat for SNX and ask if they could help me with some SNX I had deposited there on the L2 wallet. The problem was, that I was able to see the amount of SNX on their Optimism mainnet which showed SNX token only but not but not my ETH, whilst the Ethereum mainnet showed my ETH and other alts but not the SNX tokens. + +I went to the sub and asked for help in the chat. Got no response and tried a bit later. That time I got 3 people replying in private chats each claiming to be from SNX. Whilst the SNX sub warns against this, I was tired and assumed that maybe it was like some of the other subs where people can advise you if the mods are busy. + +To my misfortune I replied to the scammer explaining the problem. He basically told me my MM wallet wasn’t syncing back to the network and I should validate it. That sounded plausible given I couldn’t see my total balances and also in recent weeks I’ve faced a glitch as time where the wallet balance comes up a zero for up to a minute when I first open it so thought maybe he’s right. + +To help, he sent a link to quite a detailed looking site which looked real enough and unfortunately, thanks to weeks of linking random DEFI sites to my MM wallet I had become unfortunately desensitised to connecting to random pages and accepting connections to my wallet + +When I tried the link on the fake site, it wasn’t working apparently so Scammer suggested I try again. This time, I figured maybe I should try the option to connect to my wallet by entering my private pass phrase. + +Yes I know it was dumb NOW + +Yes I realise it’s my fault. + +I’ll live with this expensive mistake for a long time. + +A strange set of events in which I was super tired, not nearly alert enough and my warning radar was off meant I went for the most basic and simple phishing scam. To those of you on your high horses laughing about how this can never happen to you - good luck and I hope you carry on living perfect lives in which you never make a mistake. + +A few mins pass as the scammer is still engaged on the discord chat explaining it will take some time. He then causally asks me if I have a ledger and want to sync that too…. + +At that instant, I suddenly realise what I’ve done and get a cold sweat. Why the fuck should he ask that unless…. + +I check my MM wallet on zapper.fi and see that the wallet balance has suddenly dropped. I’m now missing $20k and a quick check shows my 8 ETH, some sushi and some Golem which I had are gone. + +I start to get super angry that I’ve lost 8 coins. After a few mins I calm down and suddenly realise that the only reason I haven’t lost more is there is now zero ETH on my account so no way to do more transactions. + +It’s likely that he must have set up a copy of my wallet on his pc and started emptying it out. At this stage I’m becoming less angry about what’s gone and becoming deeply worried about the rest. + +I send frantic emails to MM which aren’t answered until late in the evening and the next morning (which basically tell me there is nothing that can be done in my case and be more careful next time - thanks guys, will never be using you again.) + +At this point, the major weakness of MM finally hits me. Forget the convenience, if all goes wrong I have literally NO way to stop any transactions (hell they don’t even show in my wallet but I can see them on zapper) or freeze the account. Consensys may have built a nice chrome extension but it’s useless if there’s a problem. + +At some point I look up and see that more of my coins are disappearing. 20 odd STETH suddenly disappearing is especially painful. I check on zapper and can see he is putting in ETH to put up gas fees to move stuff off the Defi sites and liquidating my coins and moving them out. Now I’m actively watching the account on zapper. Whenever I saw ETH come in I tried to first move the coins to my ledger but every single time it just goes to another unknown wallet. WTF? I eventually understand that they have copied my account on a different pc and are probably running a script to automatically outbid me. I had watched my one YFI go - that hurt as I had spent a BTC on it lol. I watched my 104 ALCX go - another 15 ETH gone in smoke. + +My whole accounts looks fucked and all I can literally do is watch…. + +Around this point I send my first panicked message to Reddit that I was down 130k and likely to lose the whole lot. I figure maybe between the likely ridicule and crap I will get, maybe I will get lucky with some help. + +In the meantime all I can do is try to run slight interference by trying to move some of the ETH that the thief was adding to another account. Strangely moving ETH to another wallet appears to be the only coin I could impact. When I can moved it I try and run a tx and cancel it with a high gas fee to disrupt the ETH balance and screw up his transfers. This slows the bleeding but it’s not over and I don’t know what I can do. I read messaged here about trying other pcs, logging out of MM, I try it all and it does no good and makes me more stressed that the scammer might be stealing more when I’m not watching. + +When I first posted on Reddit I was down about half with the remaining amount staked on curve (alcx/ETH LP, zrx/ETH LP, ETH/stETH LPs) which was around 120k. Don’t know why they were last to go but thank god they were there. + +In between the usual trolls and assholes calling me a liar, there were messages of support and some very helpful suggestions on then flashbots discord sub (initially sent to me by the SNX subs). + +I messaged flashbots and Alex from there got in touch. I gave him full info and access to my ex to verify it was mine). Even he commented that I shouldn’t do this (lost track of how many times I heard that yesterday) but as my account was already compromised I had to trust it would be okay as without it he couldn’t do anything. + +He explained that he would first set up a burner so any ETH coming in would be immediately burned leaving no gas for transfers. This was quickly set up which closed the gate on the thief for the short term. + +For those of you checking the wallet history you can see some incoming ETH which then immediately is removed - that scammer’s ETH he’s wasting now. I didn’t want to alert him as to what was happening, so there was minimal mentions of this on my posts to Reddit, which I was still checking as this forum sometimes has some very useful feedback and suggestions. + +Over the next 8 hours Alex managed to move the remaining balance to a hard wallet and basically recovered all of my remaining balance minus some dust and dai staked on alchemix which I can’t get back so it’s all there which was around 117k out of 120k. I don’t know how he did it - if you really want to know go to discord and ask him - but I am overjoyed that he did what he did. It’s amazing for both his stepping in and spending hours to save this and no less for his 100% total honesty and integrity. If he had moved the coins elsewhere and told me it was the original thief I would never have known. + +In the end I’ve lost about 55 ETH and saved about the same (values were all over the place as the market tanked in the evening). + +I didn’t post for moons or karma. I posted as a warning and for help and I’m glad I did. I would never have found the courage to trust flashbots without it. I would not have been alerted to the scammer using Kraken to deposit the stolen coins. + +To those of you who offered financial support/crypto/gofundme, thank you so much but there is really no need. Alex has saved a big chunk and I will be alright. Losing this amount of coins thanks to a scam is painful but if I couldn’t stomach large swings I wouldn’t have held on for years - if I can live through a few 80% drawdowns in BTC and ETH and recover, then I’ll come back from this okay (however for a while I will stop measuring my crypto value in $ rather than #coins lol). + +Thank you very much to everyone who offered emotional support and well wishes. They are very much appreciated and more than make up for the large number of trolls and morons who like to throw around shit. Please don’t worry about me. My wife, whilst initially shocked and upset, is fully supportive and I have every confidence I will do really well (especially after EIP 1559 and later ETH 2.0) + +To the libertarians, outraged that I’ve swung to side of more regulation, I want to say that I still believe that you should do what you want - legally. It doesn’t have to be totally anonymous - hell half the problem with the current version of the internet is anonymous trolls venting lies and crap everywhere. + +For crypto to go truly mainstream you need some degree of safety and the ability to follow up and prosecute crimes. Watching some c*** screw me over in real time was an infuriating and humbling experience and definitely made me resent the anonymity of the scammer….. + +BTW for those of you who go on about being your own bank good luck and come back to the real world where actual banks are regulated and safe (unlike the current Wild West of crypto Defi) and remember many of us don’t want to be our own bank. I never thought about being my own bank and bought coins like ETH for other reasons. I like the blockchain and the crypto space as they are exciting and disruptive ideas that will hopefully make a new version of the internet in due course and change the world. However like the internet 2.0, no matter how it starts, eventually governments will step in and more regulation is coming. + +Mr scammer, I’ve already reported you to a bunch of exchanges where you seem to be staking your stolen coins and even if I can’t get you immediately, your records are permanently there on the blockchain and one day you will be fucking found…. + +Finally thanks again to Alex! + +For those of you who asked about him, his Twitter handle is @amanusk_ + +Check him out, he’s a true legend and a gent. +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +The thread guidelines are as follows: + +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- This thread is meant to be more relaxed compared to the serious daily thread. Memes, lambos, moons are all welcome. +- If the front page gets overloaded with memes, all but the top two posted and voted on may be removed. Basically, please post memes in this thread first and upvote the best so the mods know which ones to keep if we need to remove a bunch of memes from the front page. +- **For more focused and orderly discussion, please go to the [Serious] Daily Markets Discussion thread. You can find it by [clicking here](https://www.reddit.com/r/ethtrader/search?q=%5BSerious%5D+Daily+Markets+Discussion+thread&restrict_sr=on&sort=new&t=all) and choosing the top thread on the search page.** + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our [Ethereum Education wiki page](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Thank you in advance for your participation. Enjoy! + +Once Marge calls, the party who’s been called has a short amount of time to cover. They are only liquidated if they are unable to meet their obligations. + +I’m just as excited as ever about the new rules going active today, and I’m sure they will *begin* to set things in motion — **but it will not be immediate!** + +We all know the drill by now — buy, hold, and wait patiently. + +The rocket is on the launchpad, and the countdown has begun. Buckle up, and enjoy the ride! 🚀 +Hi everyone, bob here. + + +Whelp, it's that time again, and If you've been following along, I bet you know what I'm going to be discussing in this quick, but simple DD. My very own **DOOMP** Options Theory, and how it relates to big ups for GME. I've been tracking this for over a year now and am getting pretty goddamn confident in this theory, and have recently even gained some wrinkles on the *why* behind the *how* this is happening. + +**First, here's a disclaimer I've written up just for you:** I'm not a fucking wizard, and I eat crayons for breakfast (when i can afford them). If these dates don't work out, I'll reassess my DD, and keep on moving (dog). If you don't like my dates for whatever reason or don't like my DD, please post your own fuckin DD and see how it goes, rather than be a whiney asshole. Or, you can simply respond here in the comments with questions and/or critiques, and I'll be sure to answer. + +# The Timing of This Post is Intentional + +Sorry for the short notice on the data in here, but, as I'm sure you're all well aware, the SHFs are constantly watching what we're up to in our quest to discover and rediscover their shenanigans so they can get ahead of anything we figure out. **Not any more.** From this point forward, I will only be giving specific dates for my predictions a few days in advance of the event in DD form with an explanation of what I'm seeing and why I think it's significant. Also, I apologize for my rant on the current sub drama in advance. I hate that shit and try to not lower myself to that level but, goddamn we may have hit a new low recently as a community. + +# So, Let's Start By Looking At What Is Going On Right Now in The World of GME and SuperStonk + +**First and most importantly, GME price action:** + +We have seen some interesting things happen to our stonk over the past 6 months. holy shit, it's been a wild ride eh? TBH, this smells like desperation... Especially along with the weekend Superstank drama... + +[GME Stonk movements & some notes since August Runup to Present \(2\/25\/2022\)](https://preview.redd.it/ogqd7znph3k81.png?width=3064&format=png&auto=webp&s=fe38642fbc79fe04f4292a21cab94ba87dcfffb4) + +**Superstank Drama: Banning of the Pickle** + +Like him or hate him, the *timing* of this ban is super fucking sus IMO. He was allowed to stick around posting his DD on the sub on a daily basis for fucking ever and now, once he gets a bit of momentum and a voice, WHAM, in comes the banhammer. What's more is this timing is right after the stock movement seems to indicate his theory might have been flawed. Now the guy cannot even respond to criticisms on the sub, or answer questions regarding his theory. This is exactly how i was treated when i tried to post my DD on the popcorn flip to discuss with popcorn apes. Ban hammer, and comments discrediting my dd. No way to respond. **This is not the way**. + +Even better, My indicators point to a really eventful week next week, and I've grown accustomed to mod drama being a leading indicator to big ups... Does this mean the mods are compromised and/or actively working against the stonk and the community of apes? 🌍👨‍🚀🔫👨‍🚀 Well, I'm a data ape, and this is getting a bit too far into tinfoil territory, but the signs are there... There like the signs which helped me develop my theory on GME. I don't understand the *why,* but it looks to correlate pretty fucking well... + +[Post\/ban timing is sus IMO. Correlates well with a pretty huge shily vibe about the guy both on stream and in the sub, along with cycle not panning out exactly as expected. \(We're still up this week though! and the 24th was a 18&#37; day, when you look at the data from open to close...\) That could have been OPEX, but not the opex we wanted...](https://preview.redd.it/75vbnxeog3k81.png?width=584&format=png&auto=webp&s=7572186a57438578a47efbe1493542b37f6dbaa0) + +Oh, and to just get ahead of any fanboy bullshit. I like gherk, and appreciate what he does for the community; however, I am not paying for his stream, nor am I part of his "quant team", though I to chat with those guys from time to time. + +# NOW LETS FORGET THE FUCKING DRAMA AND FOCUS + +**What's Coming, Taking a DOOMP on Shorts.** + +If you check out my previous DD on the subject, or you've been following along, You might recognize some charts that look kinda like this: + +[Correlation of T+2+35c DOOMPs to Price Movement on GME](https://preview.redd.it/gf5m4m14k3k81.png?width=1236&format=png&auto=webp&s=75242063aa5e213017d2cd9c45e34b1b0bd380cb) + +# THE GAME CHANGED DURING THE SNEEZE FROM FUCKING FTD CYCLE IDENTIFIED BY u/gafgarian to OPTIONS/SWAPS/DERIVATIVES. THEY WENT SYNTHETICALLY LONG TO SETTLE THROUGH THE CNS SYSTEM AND HAVE BEEN JUGGLING BALLS EVER SINCE. + +[Also In Crayon](https://preview.redd.it/82zf1frdk3k81.png?width=2582&format=png&auto=webp&s=2eab2bbf308f77f942ad0581b0b78811f4667db1) + +# I hope this fucking sinks in this time. I'm done explaining it. + +If you want further clarification on the theory and how I arrived to it, read my compendium DD. It's uuuge, and worth it, I promise. + +[Part 1](https://www.reddit.com/r/Superstonk/comments/s3n4pw/the_compendium_of_wrinkles_correlating_different/?utm_source=share&utm_medium=web2x&context=3) + +[Part 2](https://www.reddit.com/r/Superstonk/comments/s3nqu3/the_compendium_of_wrinkles_correlating_different/?utm_source=share&utm_medium=web2x&context=3) + +u/choompop has [an excellent DD that theorizes how this might actually work in the back end](https://www.reddit.com/r/Superstonk/comments/t0kere/choompop_moonwalk_the_uno_reverse_card_how/?utm_source=share&utm_medium=web2x&context=3). If you're interested in that, it's worth a read. + +# Closing + +**TADR**: Obligatory I guess... Basically, I think DOOMPs are hiding short interest, and when they expire, there is hell to pay T+2 (MM FTD) + 35c (RegSho) later. This tracked well to the stonk all year long. Next one is July 243nd 2021. If you don't know what that means, just buy, DRS, and Hodl. Also, I wanted to address the elephant in the room that is asshats being trolls to DD writers. You fucks have run off some of the best already, and even I'm getting tired of the childish shit slinging. If you have a problem with the DD, write a counter DD and tell me, or any other DD writer why we are wrong. That's how you find answers. Iterations of failures until you get it right. + +On the iterative process: It's a fucking process. Just be appreciative DD writers want to share their DD with you in the first place. Better yet, do like u/choompop has done and take the wrinkles you make from other's DD, and expand your own. **The best thing we can do as apes is to help wrinkle out.** + +# Apes with wrinkles forming wrinkles on other apes who wrinkle up even more apes is the fucking way. + +If you do absolutely *anything* to prevent the spread of information or civil discourse in discussing our favorite stonk and figuring out what pleases her, ***you should be the one banned from superstonk.*** + +Also, to be honest, I would really fucking appreciate it if the community of apes did some research and started having a dialogue about the stonk, rather than opening up a witch hunt every goddamn time someone is off a little on their DD. **YOU TRY FIGURING THIS SHIT OUT AND SEE HOW YOU DO.** + +**That said, I'm always open to questions, and try my best to answer every single one of you not being asshats.** Make it easier on me, and just be cool to each other ok? + +&#x200B; + +[Don't be a dick.](https://i.redd.it/54yxqdr5l3k81.gif) +Hey guys, + +It's looking increasingly like my wife and I will be unable to have children and with no desire to adopt, we're now shifting our financial perspective and goals accordingly. + +For those of you without kids and no plans for them, how has your life changed? What are some of the new factors we should consider or benefits we might take advantage of? + +Some thoughts that come to mind: