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ooh and tie it all into a thread favorite https://twitter.com/demomaven/status/1258566859122753541?s=20
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# ? May 8, 2020 09:30 |
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# ? Jun 9, 2024 11:35 |
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Leon Trotsky 2012 posted:Kitty ruined my retirement fund! Does this person not know closed top litter boxes exist? And cat poo poo smells like death, who the hell keeps the box in (what is apparently) a living area.
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# ? May 8, 2020 10:28 |
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Alan Smithee posted:she has a gofundme but is only a fraction there quote:Hello all! Lol
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# ? May 8, 2020 11:06 |
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the governor literally changed the law to pop her rear end out
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# ? May 8, 2020 11:07 |
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lovely tuna snatch posted:Does this person not know closed top litter boxes exist? No. I don't know much about owning cats but quote:And cat poo poo smells like death, who the hell keeps the box in (what is apparently) a living area. that's...weeks worth of poo poo. Like huge disgusting massive amounts of cat poo poo. You can literally smell it on the OP when they walk into the room. Like even I, a person that has never and will never own a cat realizes, that's an absolutely disgusting display of laziness. Like I'm loving gagging when I first saw that it's so full.
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# ? May 8, 2020 12:02 |
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https://twitter.com/NBCNews/status/1258614371716075521?s=20
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# ? May 8, 2020 12:35 |
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quote:7 Personal Finance Lessons from Animal Crossing: New Horizons quote:Your Mortgage Isn’t Everything quote:But getting wrapped up in only paying down your debt isn’t fun. It’s important to travel, hang out with friends, and learn new skills. As you spend more time in the game, you’ll realize that building a bigger house isn’t everything. quote:Your mortgage is imaginary money. If you can keep your monthly income up with your monthly payments, then the actual cost of your mortgage doesn't matter. quote:Investing in the Stalk Market quote:You can then potentially sell them for a profit at the Nook shop. But the price they’re willing to pay also varies. Timmy and Tommy give two prices for turnips daily; once in the morning and once in the afternoon. quote:The stalk market teaches you to be smart. Get in and get out when you have a profit. Don't hold onto it hoping for greener pastures. quote:Budgeting Like a Nook quote:Sell Your Old Stuff quote:Hard Work Always Pays Off quote:You Can’t Win—And That’s Great quote:You can also take real life economic lessons from other video games. I played a virtual horse game online and learned how to buy and flip horses for millions in profit. https://www.reddit.com/r/personalfinance/comments/g0wh96/finding_personal_finance_lessons_in_animal/ My wife is a child. How can I best trick her? Talking to her directly like an adult is NOT an option. Thanks in advance. quote:Does anyone have any Animal Crossing themed Personal Finance tracking sheets? https://www.reddit.com/r/personalfinance/comments/fsw6ox/does_anyone_have_any_animal_crossing_themed/ Animal Crossing is teaching a disturbing amount of adults about finances. quote:Videogame finances... Can I do this in real life? Leon Trotsky 2012 fucked around with this message at 17:39 on May 9, 2020 |
# ? May 9, 2020 17:31 |
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That last post has to be troll, right? How do you not know saving accounts exist?
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# ? May 9, 2020 17:44 |
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HardDiskD posted:That last post has to be troll, right? How do you not know saving accounts exist? To be fair*, his post history seems to indicate that he is 18 and from Argentina. Maybe savings accounts are less popular in Argentina? Still, at 18 I don't know how you think that a savings account only exists in video games. *Using the broadest definition of "fair" possible.
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# ? May 9, 2020 17:53 |
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Leon Trotsky 2012 posted:To be fair*, his post history seems to indicate that he is 18 and from Argentina. Maybe savings accounts are less popular in Argentina? lol, Argentina makes that a different story. The inflation there has probably left a lot of people distrustful of savings accounts. BWM content - making "risk-free interest" by speculating in foreign currencies https://nomadcapitalist.com/2016/05/02/high-interest-offshore-savings-account/ quote:In today’s report, I am going to explain how I have recently made approximately 17% interest in a risk-free offshore savings account here in Georgia. What possible risk could there be to this scheme? AreWeDrunkYet fucked around with this message at 18:04 on May 9, 2020 |
# ? May 9, 2020 17:57 |
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The lesson they should be taking from AC is that the 1% Nook family is keeping them down and their next crafting item should be a guillotine.
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# ? May 9, 2020 18:28 |
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Midjack posted:The lesson they should be taking from AC is that the 1% Nook family is keeping them down and their next crafting item should be a guillotine. The whole game concept is that you were human trafficked onto the island and immediately saddled with a bunch of debt that you have to work to pay off. You can never go home and you can only spend your money at the company store!
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# ? May 9, 2020 18:36 |
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I for one look forward to gamers getting radicalized after realizing how hard it is IRL to have money left over at the end of the month for saving, and how little they actually make off that saving.
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# ? May 9, 2020 19:50 |
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greazeball posted:The whole game concept is that you were human trafficked onto the island and immediately saddled with a bunch of debt that you have to work to pay off. You can never go home and you can only spend your money at the company store! There was an amazing Let's Play to that effect years ago: https://forums.somethingawful.com/showthread.php?threadid=2666800 The images are long dead though.
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# ? May 9, 2020 20:02 |
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Runcible Cat posted:There was an amazing Let's Play to that effect years ago: https://forums.somethingawful.com/showthread.php?threadid=2666800 LP Archive has your back: https://lparchive.org/Animal-Crossing/
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# ? May 9, 2020 20:48 |
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GoGoGadgetChris posted:Champagne at the bit Still going strong on your posting career turnaround!
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# ? May 9, 2020 21:33 |
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Wicked Them Beats posted:LP Archive has your back: https://lparchive.org/Animal-Crossing/ Oh hell yeah! Thanks!
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# ? May 9, 2020 21:36 |
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Runcible Cat posted:There was an amazing Let's Play to that effect years ago: https://forums.somethingawful.com/showthread.php?threadid=2666800 Wicked Them Beats posted:LP Archive has your back: https://lparchive.org/Animal-Crossing/ just what I needed, thanks!
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# ? May 9, 2020 22:49 |
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I'm surprised this wasn't RobinHood
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# ? May 10, 2020 04:41 |
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if you haven't read this btw https://twitter.com/davidmcswane/status/1258035535936921601?s=20 https://twitter.com/davidmcswane/status/1258035537727938561?s=20 https://twitter.com/davidmcswane/status/1258035542631088128?s=20 https://twitter.com/davidmcswane/status/1258035544615014403?s=20 https://twitter.com/davidmcswane/status/1258035547504881664?s=20 https://twitter.com/davidmcswane/status/1258035552877793280?s=20 Fhqwhgads posted:I'm surprised this wasn't RobinHood "uh bye"
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# ? May 10, 2020 04:58 |
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Fhqwhgads posted:I'm surprised this wasn't RobinHood "oof haha sry bout that good luck"
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# ? May 10, 2020 16:22 |
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Fhqwhgads posted:I'm surprised this wasn't RobinHood Will they refund him or something given that their bug meant they were pretty much lying about this price to him?
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# ? May 10, 2020 16:28 |
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OK, let's split the difference and call it an even 5 mil
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# ? May 10, 2020 16:32 |
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OctaMurk posted:Will they refund him or something given that their bug meant they were pretty much lying about this price to him? quote:Customers will be made whole, Peterffy said. “We will rebate from our own funds to our customers who were locked in with a long position during the time the price was negative any losses they suffered below zero.”
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# ? May 10, 2020 17:43 |
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Can someone explain why he suddenly lost 9 million. He was buying contracts at what he thought were a penny a piece, but were actually $-30. Wouldn't that make his costs less? If the price going down encouraged him to buy more then why is the cost going negative costing him more? Also weren't oil futures so cheap because it was costing more to transport and store that oil in the short term than it was worth? I'm not sure how owning thousands of futures contracts he can't exercise was somehow a good investment.
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# ? May 10, 2020 18:01 |
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Krispy Wafer posted:Can someone explain why he suddenly lost 9 million. He was buying contracts at what he thought were a penny a piece, but were actually $-30. Wouldn't that make his costs less? If the price going down encouraged him to buy more then why is the cost going negative costing him more? The futures are agreements to take delivery of oil at a certain date, the $.01 price is different from an option where it is a right in the case of the option, but a responsibility in the case of the future. As futures prices went negative because too many financial buyers had bought futures, it became a liability to have agreed to take delivery as no storage could be found. So here he is, buying an obligation to take delivery for $.01, when he has no ability to take delivery and the cash settlement cost of getting out of this obligation to receive oil costs $30 per barrel. Edit: and his broker charged him $.01 instead of negative $30 to enter the position.
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# ? May 10, 2020 18:23 |
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Krispy Wafer posted:Can someone explain why he suddenly lost 9 million. He was buying contracts at what he thought were a penny a piece, but were actually $-30. Wouldn't that make his costs less? If the price going down encouraged him to buy more then why is the cost going negative costing him more? The funny part is that there was storage capacity at the delivery point, but the people that own and operate it are in the business of moving oil. There should be limits on who can trade commodity futures to prevent this level of stupidity, but .
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# ? May 10, 2020 18:36 |
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But wasn't he screwed regardless? Buying futures at $3 each when he can't take possession of them isn't going to net him a profit. He talked like the brokerage company screwed the futures he bought for friends and family, but those were when prices were still in the positive. Even if the broker reimburses him for everything bought while prices were negative, he still loses his investment.
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# ? May 10, 2020 18:38 |
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The Invisible Hand of the Glorious Free Market claims another victim
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# ? May 10, 2020 22:19 |
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Weatherman posted:The Invisible Hand of the Glorious Free Market claims another victim Darth Vader, famous economist
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# ? May 10, 2020 22:32 |
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Krispy Wafer posted:But wasn't he screwed regardless? Buying futures at $3 each when he can't take possession of them isn't going to net him a profit. He talked like the brokerage company screwed the futures he bought for friends and family, but those were when prices were still in the positive. Even if the broker reimburses him for everything bought while prices were negative, he still loses his investment. It seems like everyone is missing the point that a futures contract, in essence, trades like stocks. The price can move up or down. Some of them have leverage built-in, where a $1 movement in the underlying commodity price moves the futures contract some multiple of $1. With a popular S&P500 futures contract, a 1 point movement in the index moves the futures contract $50. Not sure how the oil one works exactly. He was speculating with borrowed money that the price of crude oil would quickly bounce back, netting a profit. Inner Light fucked around with this message at 22:49 on May 10, 2020 |
# ? May 10, 2020 22:45 |
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Inner Light posted:It seems like everyone is missing the point that a futures contract, in essence, trades like stocks. The price can move up or down. Some of them have leverage built-in, where a $1 movement in the underlying commodity price moves the futures contract some multiple of $1. Okay, I get it. He bought futures at...say, an average of a dollar a piece, thinking they'd bounce back and he could sell them, but instead they dropped to -$30. But that still assumes he could sell what, were in essence, worthless futures contracts. And with absolutely no time frame to see a turn around. Weren't prices crashing because that the last day the futures could be bought/sold? He doesn't deserve to lose 9 million dollars, but he absolutely deserves to lose every penny he had in his brokerage account.
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# ? May 10, 2020 22:59 |
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Inner Light posted:It seems like everyone is missing the point that a futures contract, in essence, trades like stocks. The price can move up or down. Some of them have leverage built-in, where a $1 movement in the underlying commodity price moves the futures contract some multiple of $1. The biggest difference is there is no physical thing when they trade futures on stocks. With oil or any other commodity, you must accept delivery at a certain place at a certain time. Cushing (the market for oil) was filling at about 1 million barrels a day and 3-4 weeks from 'full' at the time, meaning you couldn't take delivery. Oil got so negative because the paper traders wanted to get out (there was another day left to trade) and overwhelmed the physical buyers able to take it store it. Oil prices are entirely dependent on location and where your pipelines tie into. My company got lucky to being locked in a smaller market that needs enough oil to keep running.
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# ? May 10, 2020 23:01 |
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Oil! posted:The biggest difference is there is no physical thing when they trade futures on stocks. With oil or any other commodity, you must accept delivery at a certain place at a certain time. I think we've gotten to the crux of the matter here. The ability to accept delivery depends on the broker. The popular broker this person was using, IB, does not allow physical delivery of commodity futures contracts and will forcibly close out your position before it's eligible to be delivered. This is probably why he owed the money, if the story is true. His position was forced to be sold at a negative value. Another possibility is the value of his positions dropped so much, he was issued what's called a 'margin call' since most futures are traded on margin (a loan from the broker) https://www.investopedia.com/terms/m/margincall.asp However he won't actually owe the full amount since IB is making people whole in some way as someone posted. IB's futures delivery policy: https://www.interactivebrokers.com/en/index.php?f=1567&p=physical That's my novice understanding, anyway. These types of stories are pretty common in the Stock Trading thread -- usually not happening to us though. Here's a nice one from Reddit: Inner Light fucked around with this message at 23:19 on May 10, 2020 |
# ? May 10, 2020 23:06 |
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J. Paul Getty posted:If you owe the bank $24 dollars, that's your problem; if you owe the bank $24 million, that's the bank's problem. Leon Trotsky 2012 fucked around with this message at 23:33 on May 10, 2020 |
# ? May 10, 2020 23:30 |
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J Paul Getty posted:If you owe the bank $24 dollars, that's your problem; if you owe the bank $24 million, that's the bank's problem.
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# ? May 11, 2020 00:04 |
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All you have to do to keep getting your paycheck is one Zoom conference per week. Can you do it?quote:For context, I work in a large international consulting company and have been with them for quite some years.
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# ? May 11, 2020 01:52 |
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Leon Trotsky 2012 posted:All you have to do to keep getting your paycheck is one Zoom conference per week. Can you do it? I feel like my answer depends on whether the HR meeting is held over Zoom
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# ? May 11, 2020 02:13 |
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Leon Trotsky 2012 posted:All you have to do to keep getting your paycheck is one Zoom conference per week. Can you do it? Well, that depends, is my work okay with me jerking it on the call or are they a bunch of nazis?
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# ? May 11, 2020 02:13 |
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# ? Jun 9, 2024 11:35 |
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Leon Trotsky 2012 posted:All you have to do to keep getting your paycheck is one Zoom conference per week. Can you do it? Source you are quote
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# ? May 11, 2020 03:02 |