Still think TITNC3: Return of the Iceberg was peak

Do you have GME shares in RH you still need to transfer out? If you have a Fidelity account and do a partial transfer it should take 24 hours or less.

 

all of my GME and AMC has been in RH and as of this moment i do not have fidelity since i was trying to move things over to either webull or vanguard



i also have very very small numbers of stock compared to most of you fine individuals
so i am honestly hoping to fly under RH's radar of any screwy stuff since i am patient HODL'ing

once my account hits 100k im probably selling whatever i have to so i can get debt free and get back on track with my life...

 

my GF uses Vanguard. Partial transfer and just move your GME & AMC should go just as quick. Within a day or two

 

I will look into that right now

transfer initiated, says it takes 7 days
wish me luck

 

Make sure you have $75 in your RH account to cover the transfer fee. That'll keep it as pain free as possible.

 

Tee hee $LLY people popping champagne....

 

I would buy #DATDIP

 

https://old.reddit.com/r/Superstonk/comments/nuidlk/finra_regulatory_notice_2119_new_short_sale/

Huh, turns out all the idiots with their dumb theories were in a round about way just confirmed by FINRA

 

Next time they might turn off the sell button

 

That would be amazing. Imagine if millions of shares were tied up and forced to hold lol

 

That’s exactly what I was thinking

if I can’t sell
They can’t buy
Which makes my shares more expensive

and every time it hits a point I want to sell and I can’t
I can screenshot the price and attempt to sell
And that should be plenty to take to court if necessary
Which would of course mean more tendies
Especially if there was a APE class action

 

Or RH goes defunct at the worst possible time and your shares are in limbo until they are assimilated into another brokerage, which could take weeks before you have control again. Best to get the important ones out asap. You still have lots of time. Even if this thing kicks off tomorrow (it won't) and spikes to like $3k, there's many days left

 

It won’t? So much negativity. I’m gonna send you some DD to read up on

 

Yeah I moved
GME, AMC, BB, NAKD, and SNDL after your advice
Says 7 days to process
So
Hopefully moon in 8 days?

 

You'll be fine. And Fidelity told me 7 days to do a full account transfer. It was done in 3. I wouldn't be surprised since you're just moving shares if it's done in a day.

Shit, one thing I should have mentioned I didn't even think about. I hope you were just transferring whole shares. The transfer for whatever reason doesn't handle fractionals. RH will sell any fractional bits you have I believe.

 

Yeah I noticed that nice little tidbit when I tried to do webull

So like a month ago when I still had money I sat and rounded up every single stock in my portfolio to a whole share value

and I have my 88$ cash in my RH for the transfer fee

 

You're straight dialed in. Should be done quick, and trust me, you'll feel a lot better.

I'll keep a few shares in escrow for you in case it hits a million bucks tomorrow, that way you won't have to take a total loss

 

unless they somehow allowed other hedges and institutions to unload to cover the shorts at a negotiated lower price

 

Founder of Edleman Financial Engines (largest RIA in the US at $270b), and the corp that bought the corp that manages my money just decided to retire and focus on other projects (notably alzheimers research)

Awfully convenient timing if your 1.2m customers are about to have their 401k's, IRAs, and individual accounts wiped out for several years.



I'm sure it means absolutely nothing but damn, I don't trust a single thing anymore lol


The email, if anybody is interested:

As a young couple in our 20s, my wife Jean and I sought help from a financial advisor in our efforts to buy a home. He told us to lie on our mortgage application – essentially, to commit a felony. That incident 36 years ago is what spurred us to establish our own financial planning firm: to protect others from such experiences.

From the beginning, Jean and I focused on financial education. Back in the 1980s, there were scant resources – just Money magazine and Louis Rukeyser’s Wall Street Week on PBS. Few people had heard of financial planning, and money was still considered a taboo topic. Hardly any parents spoke to their children about money. The subject wasn’t taught in schools and employers weren’t helpful. As a result, ours was a nation of financially illiterate adults. (On my first radio interview, the host’s first question was, “What’s a mutual fund?”)

When your only source of information about real estate, credit, investments, mortgages and insurance are the companies, brokers and agents who are trying to sell that stuff to you, well, Houston we have a problem. So Jean and I decided to teach ourselves about personal finance and then show others what we learned – and help them put that knowledge into action, in a manner serving their best interests. We wanted to provide a safe haven for consumers, a place of protection against the misleading and manipulative sales tactics that are all too common in the financial services industry.

Consumers loved our message and our way of conveying it, and they still do. Edelman Financial Engines is now the largest and most prestigious independent RIA firm in the nation, managing $270 billion for 1.3 million individuals and families throughout the country. Of the top 5 independent RIAs, Edelman Financial Engines is bigger than the other four combined. In fact, it is not just the biggest, it’s also the best – ranked #1 for quality by both Barron’s and Consumer Reports.

Building a great company is stressful, and success is entirely dependent on our planners and staff, so we made sure they had a lot of fun, too. The No-Tie Zone; Stress Down Days; The Challenge of the Dog and Cat; Glop Days; Halloween Parties; Crazy Sock Day and Mad Hatter Day; season tickets behind home plate at the Washington Nationals; front-row seats to every concert at the Wolf Trap Performing Arts Center; half-day Fridays from Memorial Day through Labor Day; birthdays off; lots of excursions – often with family – to sporting events, corn field mazes and whatnot; over-the-top holiday parties; for all staff, up to 4 weeks of vacation, 4-week paid sabbaticals every 6 years and a Rolex to commemorate their 10th anniversary with the firm; and of course every staffer plus their families celebrated our 10th and 25th anniversaries with trips to Disney World. Small wonder we were named many times by multiple publications as one of the Best Places to Work! Showing as much care and concern for our employees as we do our clients allowed us to recruit and retain the best employees. And happy employees make sure clients are happy, too – and happy clients and staff tend to never leave. Everyone wins. Or as Jean says, Happy Happy Happy.

Along the way, I’ve become the most highly acclaimed financial advisor in the country, receiving more accolades than any other financial advisor in history – from being named the #1 advisor three times by Barron’s to receiving dozens of awards for my radio and television shows, 10 books, monthly newsletter, thousands of seminars and webinars, and audios and videos, as well as multiple citations as one of the industry’s most prominent thought leaders.

That leadership has helped advance the entire financial planning profession. Mortgages were anathema in the planning community until I started touting my “11 Great Reasons to Carry a Big, Long Mortgage” in 1990; that strategy is now the default at virtually every planning firm in the country. In 2005 we began using ETFs and introduced our daily strategic rebalancing review; neither were common then, but today 90% of advisors do the same. I invented the first exponential technologies ETF in 2015; it’s now used by thousands of financial advisors and dozens of similar funds have been launched by State Street, Global X, ARK and others. My focus on longevity has altered the retirement planning projections that advisors nationwide provide their clients, and my proposal on retirement savings for babies is getting attention by policymakers. Finally, I was perhaps the first financial advisor to talk about bitcoin, starting in 2014.

As we look at the state of personal finance today, we see that so much is different. When we started, there were few books on money (and none of them good, in my opinion, which is why I wrote my own). Today, though, there are thousands of books on the subject, with hundreds more published annually. I used to be the only advisor presenting seminars, but live and virtual events are now everywhere, even on TikTok. Rukeyser’s offbeat weekly TV show begat entire networks that provide 24/7 coverage – and some of the biggest television hits are themed around money, including Jim Cramer, Shark Tank, The Profit, Buying Yachts and Marriage or Mortgage. And radio shows devoted to personal finance? Mine was a rarity at first, but there are now hundreds of financial shows airing on radio stations nationwide.

Parents now routinely open college savings accounts as soon as their babies are born and money is no longer a taboo topic at the dinner table. Large employers now offer not just 401(k) plans but complete financial wellness programs (and our firm is the largest provider of such services to the Fortune 500). And schools? Half the states now require that high school students take a personal finance class, and legislation is pending in the other 25 states. And while only 9% of teachers in 1990 said they were competent to teach personal finance, 70% of teachers now say they are.

I wouldn’t dare suggest “mission accomplished” – 100 million Americans have credit card debt, 43 million have student loan debt and 40% of U.S. households don’t have the cash to pay a $400 unexpected bill. But the trend is in the right direction.

The trendline is good for Edelman Financial Engines, too. We’ve helped our clients through the pandemic, just as we have helped them through every crisis our nation has experienced since the Crash of ’87. The firm added 40,000 clients last year and assets under management increased by $31 billion. The firm just added a new Private Equity partner (for a total of three) and refinanced its debt (something we’ve been telling our clients to do, too, thanks to today’s low rates!). With 1,500 employees nationwide serving 1.3 million clients, the firm’s talented and dedicated planners and staff are managed by the firm’s experienced and capable management team.

So, Jean and I have decided that the time is right for us to start our next chapter. I’m ending my employment with the firm, and this fall will air the final episode of The Ric Edelman Show. The firm has asked that I stay on as a strategic advisor. I will continue to serve on the Board of Directors and will remain a significant shareholder. I’ve also agreed to occasionally appear on the firm’s new radio show, write an article for its new client newsletter and attend some client events.

As Jean and I look to the future, we see much to keep us busy. Advances in exponential technologies are exciting but also disruptive and Americans need help adapting – both to new investment opportunities and job threats posed by these innovations. Also, our population is aging while the workforce is shrinking – putting pressure on Social Security. And Alzheimer’s Disease remains the #1 health care threat.

So, Jean and I will stay in the fight against Alzheimer’s Disease, and we’ll continue efforts to improve our nation’s retirement readiness through Funding Our Future, the coalition I founded three years ago that now has more than 50 corporate, academic and non-profit partners. (That work includes seeking national adoption of RISE, my proposal to end income inequality in retirement for future generations.) I also plan to continue my advisory board roles with the Milken Institute on Aging and the Stanford Center on Longevity. And Jean will continue helping people achieve wellbeing through nutrition, health and relationships.

I’ll continue to lead the RIA Digital Assets Council, which I founded three years ago to educate financial advisors about blockchain and digital assets. We are also excited to complete construction of the new museum and visitor’s center at Rowan University’s Jean and Ric Edelman Fossil Park. And we’ll maintain our involvement with a variety of FinTech ventures as well as other philanthropic activities via our Family Office. With our EFE gig over, we’re both also open to new and different opportunities.

Jean and I are grateful beyond words for the support we have received throughout the past 36 years. We were blessed to have wonderful colleagues and staff throughout our journey, including Ed Moore, Rene Chaze, Lesley Roberts, Christine Cataldo, Joe Bottazzi, Will Casserly, Lisa Korhnak, Denise Zuchelli, Sue Harpe, Dom Conti, Carol Roberts, Carol Doyle, Denise Neuhart, Cathy Ellis, Catherine Smith, Mary Lawrence, Jeff Douglas, Jim Baker (of ETVS days), CJ, Suzi Fenton, Rosa Wray, my entire FIT team, Pam Becker, Mitch York, Christie Nader and many others. Some are still with the firm, including Mike Gifford, Maribeth Bluyus, Mike Attiliis, John McCoy, Jim Smith, Kala Payne, Jigi Dahagam, Marylee Novak, Pat Lane, Susanna Robarge, Evy Sheehan, Jo-anna Wilson, Jackie Oates, Liz Dougherty, Monay James, Clarence Hayes and Anna Dawson (of my FIT team), Erin Best, Eric Olsen, Jeb Cogger, Brian Lipps, Paul Jordan, Alan Clark, Dale Tison, Debi Everly, Allison Boyd, Leslie Painter, Andrea Cracolici, Lois Christman, Marie Johnson, Brian Chong, Colleen Parker, Dianne Donnelly, Aaron Rowe, David Coulter, Omar Graves, Liz Laflamme, Jan Wilson, Ron Bolte, Garrett Stokes, Treymane Christopher, Jim Marx, Anna Parker, Michelle Lawrence, Ryan Singer, Rachelle Advani, Akilah Alexander, Kelly Boisvert, Tina Brickey, Sujata Christie, Jan Crites, Renata Deye, Eric Ferguson, Javier Garcia, Kristine Giovannelli, Jeff Gold, Dan Graham, Priya Jag, Brad Johnson, Catherine Kalweit, Kimberly Melo, Sara Minter, Matt Nichols, Kimberly Pittman, Jan Sartori, Stephanie Schmidt, Sheila Sloan, Doug Swartz, Felicia Taylor, Erica Washlack and others I’m embarrassed to have inadvertently omitted.

To our many partners in the media, including most significantly Rick Fowler, my radio show’s producer, as well as Gail Ross, my book agent; all the affiliates of my 29-year-old radio show and especially WMAL; my book publishers; my television producers, especially Russ Hodge; and the great many editors, reporters, columnists and writers I’ve worked with everywhere, thank you for your ceaseless efforts to raise the level of awareness about personal finance for American consumers. I want to highlight Bill Erbach, John Wagner, Mike Tegler, Janice Ockershausen, Jim Gallant, Tom Bresnahan, Chris Berry, Chris Core, Bill Trumbull, John Matthews, Dave Kimber, Lillian Brown, Pat Lawson Muse, Sally Heldrich, Clif Webb, George Ball, Paul Weyrich, Oprah Winfrey, Diana Cantor, Gary Perlin, RJ Shook, Sterling Shea, Matthew Barthel, John Begeny, Ray Kurzweil and Ken Dychtwald, my parents and of course my soulmate, Jean, without whom none of this would have been possible.

To the nonprofit community focused on financial literacy and retirement security and the many organizations of which I’ve been a member and participant, thank you for your ongoing efforts to improve financial security and the standard of living for all U.S. households while eliminating economic inequality in America.

To my friends and colleagues throughout the financial services industry, thank you for embracing me and my ideas, many of which were initially deemed radical or controversial. Your dedication to move the profession forward has impacted every client and every financial advisor in the country.

To my fellow financial planners within the firm, keep doing what you’re doing. Your commitment to your clients is what makes you special, and you’re improving the lives of a great many people who are forever grateful for your sage advice, care and support. It’s been my honor to know you and work alongside you.

To our staff, thank you for the consistently high level of service and aid you provide to the firm’s planners. Without you, they are unable to give each client the help they need. You’re what makes the firm so special and every planner in the firm knows it.

To the millions of people worldwide who have listened to my radio shows, watched my television programs, read my books and attended my educational events during these past 36 years, Jean and I are profoundly grateful and honored that you’ve found value in the information and education we’ve provided. We thank you so very much.

And, most importantly, to our clients, we express our deepest and most heartfelt gratitude. It has been an honor and privilege to serve you. Your faith in us has meant everything, and Jean and I wish you great health, prosperity and happiness. Your support is truly what built this firm, and we’re confident your planner and the firm will work hard to maintain your trust.

For sure, it’s unsettling for Jean and me to step away from the firm that’s been our life’s work. We have a long record of innovation and impact, and we’ll shift the focus and passion we’ve devoted to Edelman Financial Engines for the past 36 years to our new ventures with gusto.

So, you’ll see Jean and me again. Where and when? Stay tuned.