|
Blinkman987 posted:What could the conversion fee on that be? 1% - 3%. Do rich people - and I’d consider a 30 year old with $422k saved as rich - have the time to look at their money and worry about paying such little amounts of tax (ie $4.2k-$12.6k) when converting, or do they have a “money person” who is feeding them this info?
|
#
?
Feb 10, 2019 18:42
|
|
|
|
| # ? Jun 1, 2024 20:24 |
|
|
Cacafuego posted:Do rich people - and I’d consider a 30 year old with $422k saved as rich - have the time to look at their money and worry about paying such little amounts of tax (ie $4.2k-$12.6k) when converting, or do they have a “money person” who is feeding them this info? This person obviously didn't as no legitimate CPA or Financial Advisor would have suggested such an insanely foolish plan. I manage my own money, but I do have a CPA that I use for advice and sanity checks on tax efficiency and the like. I know other people who just shovel all of their stuff at a firm to manage for them because they have no interest in dealing with those kinds of thing and/or feel like they aren't qualified to do so.
|
|
#
?
Feb 10, 2019 18:45
|
|
|
Cacafuego posted:Do rich people - and I’d consider a 30 year old with $422k saved as rich - have the time to look at their money and worry about paying such little amounts of tax (ie $4.2k-$12.6k) when converting, or do they have a “money person” who is feeding them this info? 422k isn’t that rich, and engineers - especially software “engineers” are loath to ask people for advise. Especially someone who studied a non-stem field like finance.
|
|
#
?
Feb 10, 2019 18:47
|
|
|
Cacafuego posted:Do rich people - and I’d consider a 30 year old with $422k saved as rich - have the time to look at their money and worry about paying such little amounts of tax (ie $4.2k-$12.6k) when converting, or do they have a “money person” who is feeding them this info? No there is no "money person" feeding them info in most cases. This kid decided to take him lump sum with him by basically strapping it to the roof of his car in a clear plastic box using nothing but twine then stayed the night at the cheapest motel in the bad part of town instead of doing what literally any rational person would do: leave it in usd until he needed it or wire it across for cad using a bank. Hell even a "normal" I don't trust the banks person would have put it in a duffle bag in the trunk and brought it inside the motel. That is some dumb get rich quick level bullshit and I feel literally 0 sympathy for him.
|
|
#
?
Feb 10, 2019 18:49
|
|
|
Blinkman987 posted:What could the conversion fee on that be? 1% - 3%. BWM: 1-3% wise, 100% foolish
|
|
#
?
Feb 10, 2019 18:57
|
|
|
The money person is the guy he did iowaska with at the hackerthon after party
|
|
#
?
Feb 10, 2019 19:00
|
|
|
howdoesishotweb posted:BWM: 1-3% wise, 100% foolish Mods
|
|
#
?
Feb 10, 2019 19:01
|
|
|
Alan Smithee posted:More QuadrigaCX success stories The worst Bruce Lee movie.
|
|
#
?
Feb 10, 2019 19:02
|
|
|
Midjack posted:The worst Bruce Lee movie. QuadragonCX
|
|
#
?
Feb 10, 2019 19:19
|
|
|
Blinkman987 posted:What could the conversion fee on that be? 1% - 3%. Not only that, but there is already a market mechanism to do that using your regulated and insured broker, known in Canada as Norbit's Gambit.
|
|
#
?
Feb 10, 2019 19:20
|
|
|
Cacafuego posted:Do rich people - and I’d consider a 30 year old with $422k saved as rich - have the time to look at their money and worry about paying such little amounts of tax (ie $4.2k-$12.6k) when converting, or do they have a “money person” who is feeding them this info? “Smart” people always believe they’ll never fall for “one weird trick” and that they can use raw intelligence to min max everything. Plus, tech people have a loving hard on for anything that uses tech to avoid existing systems. Having worked with software engineers, the ayahuasca joke isn’t that far off. It was probably a fellow soylent bro though.
|
|
#
?
Feb 10, 2019 19:38
|
|
|
Humans not good predictors of risk. Beep bop beep. Profession not a variable in stupidity. 001001.
|
|
#
?
Feb 10, 2019 19:51
|
|
|
STEM dorks are the best (and SA has a high proportion of them) because they'll see a data point like "90% of active investors lose to index investors" and take it is an irresistible challenge to come up with their own stock picking system. Which will inevitably fail, not because they were wrong, but because the market is rigged, the market is influenced by idiots, "this market is no longer grounded in reality", etc
|
|
#
?
Feb 10, 2019 20:01
|
|
|
Paying 1% - 3% on a large amount of hard-earned money does suck, and I can totally empathise with this guy wanting to avoid that. But if you're going to use something as shady as crypto to do it, wouldn't you at the very least transfer it in smaller chunks rather than doing it all at once?
|
|
#
?
Feb 10, 2019 20:33
|
|
|
Alan Smithee posted:The money person is the guy he did iowaska with at the hackerthon after party Iowaska is nothing but corn syrup. I think you're taking about https://en.wikipedia.org/wiki/Ayahuasca?wprov=sfla1
|
|
#
?
Feb 10, 2019 20:55
|
|
|
The very link you posted shows that as one accepted spelling though.
|
|
#
?
Feb 10, 2019 21:59
|
|
|
Mantle posted:Not only that, but there is already a market mechanism to do that using your regulated and insured broker, known in Canada as Norbit's Gambit. Yeah, just googling "canada us currency exchange fees" or something will pop up a bunch of articles about how he could've exchanged his money for a few hundred bucks. (It's Norbert's Gambit, not that it matters, because any vaguely related search terms would find it. Norbert is s funny name though.)
|
|
#
?
Feb 10, 2019 22:02
|
|
|
Enchanted Hat posted:Paying 1% - 3% on a large amount of hard-earned money does suck, and I can totally empathise with this guy wanting to avoid that. But if you're going to use something as shady as crypto to do it, wouldn't you at the very least transfer it in smaller chunks rather than doing it all at once? At least they didn't try real estate, guaranteed 6% transaction costs ought to be illegal.
|
|
#
?
Feb 10, 2019 22:08
|
|
|
Huh? Where's the BWM thread? Where could it be? Camera lenses are BWM! *checks dorkroom* Nope. Another card derail? *checks AI* Nope. I've got it, preppers! *checks TFR* Ahhh! No, I will not bookmark it. The hunt is half the fun.
|
|
#
?
Feb 10, 2019 22:08
|
|
|
theHUNGERian posted:Huh? Where's the BWM thread?
|
|
#
?
Feb 10, 2019 22:43
|
|
|
The BFC mod, and who could blame 'em
|
|
#
?
Feb 10, 2019 23:09
|
|
|
I was talking with a client and he was checking the approval for his suppressor (only like almost a year). Don’t try anything at that guy’s bank. The BWM was us talking about how much we wanted to buy wood furniture for ARs and just fudd them to hell and back.
|
|
#
?
Feb 10, 2019 23:19
|
|
|
crazypeltast52 posted:The BWM was us talking about how much we wanted to buy wood furniture for ARs and just fudd them to hell and back. Do it: 
|
|
#
?
Feb 10, 2019 23:44
|
|
|
I have wood AR furniture but no AR to stick it on 
|
|
#
?
Feb 10, 2019 23:50
|
|
|
Doctor Grape Ape posted:Do it: 
|
|
#
?
Feb 11, 2019 00:34
|
|
|
I know a goon who bought a desert eagle around when CS 6.0 or so was big. He forgot to clean it and I’m not sure what that does exactly but it reached a state of inoperability He knows how dumb of an idea it was now
|
|
#
?
Feb 11, 2019 00:51
|
|
|
Alan Smithee posted:I know a goon who bought a desert eagle around when CS 6.0 or so was big. He forgot to clean it and I’m not sure what that does exactly but it reached a state of inoperability "Deagle" used to be a bannable word in TFR. Might still be. They sell one in gold tiger stripe finish which I cannot hate.
|
|
#
?
Feb 11, 2019 07:14
|
|
|
canyoneer posted:"Deagle" used to be a bannable word in TFR. Might still be. It's not a hanging offense lately.
|
|
#
?
Feb 11, 2019 07:24
|
|
|
Since we're still not back in BFC, I just want to say that next weekend I am going to take a look at a 10 year old BMW with a V8 engine. 
|
|
#
?
Feb 11, 2019 12:24
|
|
|
If it's the only one worth getting then enjoy your rod bearing job.
|
|
#
?
Feb 11, 2019 14:50
|
|
|
Doctor Grape Ape posted:If it's the only one worth getting then enjoy your rod bearing job. Already done.
|
|
#
?
Feb 11, 2019 15:47
|
|
|
Cyrano4747 posted:Since we're in a gun forum now, BWM is surfing ebay for reloading equipment. I keep seeing C&R stuff on aimsurplus and, welp, guess I need another gun. How can I say no to a CZ82 for $200. Or a Romanian Tokarev for $220?
|
|
#
?
Feb 11, 2019 16:12
|
|
|
Ahhhh tax season is beginning. Satisfying reading about dual high income couples having meltdowns because they owe a tax bill. You see, they increased their withholding so they didn’t give the government a loan. Those TCJA withholding tables should give us plenty of content this year.
howdoesishotweb fucked around with this message at 21:42 on Feb 11, 2019 |
|
#
?
Feb 11, 2019 21:39
|
|
|
howdoesishotweb posted:Ahhhh tax season is beginning. Satisfying reading about dual high income couples having meltdowns because they owe a tax bill. You see, they increased their withholding so they didn’t give the government a loan. Those TCJA withholding tables should give us plenty of content this year. I'm gonna have to bitch a little about this, because my wife and I have always claimed zero on our W4s but still have to pay at the end of the year because our government is stupid.
|
|
#
?
Feb 11, 2019 22:05
|
|
|
Average refunds going down is a good thing overall but if this is what it takes to make people mad about this bullshit tax bill, I’m not going to correct them.
|
|
#
?
Feb 11, 2019 22:08
|
|
|
Nocheez posted:I'm gonna have to bitch a little about this, because my wife and I have always claimed zero on our W4s but still have to pay at the end of the year because our government is stupid. If you live in a state with high income tax, you can get hit with AMT even when you claim zero, it's awesome.
|
|
#
?
Feb 11, 2019 22:19
|
|
|
howdoesishotweb posted:Ahhhh tax season is beginning. Satisfying reading about dual high income couples having meltdowns because they owe a tax bill. You see, they increased their withholding so they didn’t give the government a loan. Those TCJA withholding tables should give us plenty of content this year. I think many dual high income couples will be pleasantly surprised by their tax bill this year, which I'm pretty sure was the whole point of the tax cuts.
|
|
#
?
Feb 11, 2019 22:27
|
|
|
Residency Evil posted:I think many dual high income couples will be pleasantly surprised by their tax bill this year, which I'm pretty sure was the whole point of the tax cuts. If you put your info into the tax caster app it gives you an old law/new law summary. Despite being very against the law it is quite good for me personally, saving me $3700.
|
|
#
?
Feb 11, 2019 22:38
|
|
|
Residency Evil posted:I think many dual high income couples will be pleasantly surprised by their tax bill this year, which I'm pretty sure was the whole point of the tax cuts. As long as a significant amount of their itemized deductions weren't from high state taxes and mortgage interest on their suburban mini-mansion or small 1 bedroom in San Francisco then...yeah, anyone making more than $200k will probably have no problem with the tax cuts.
|
|
#
?
Feb 11, 2019 22:42
|
|
|
|
| # ? Jun 1, 2024 20:24 |
|
|
Residency Evil posted:I think many dual high income couples will be pleasantly surprised by their tax bill this year, which I'm pretty sure was the whole point of the tax cuts. Can confirm 
|
|
#
?
Feb 11, 2019 22:45
|
|