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TLG James posted:I would imagine that it's probably a pretty lovely time to buy a console right now, considering black friday is right around the corner. A lot of black Friday deals for Xbox have already started and are pretty good. But then you're buying an Xbox so you're bad with money.
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Nov 6, 2014 15:02
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I just bought an Xbox so I could play Halo co-op. I'm bad with money, but having fun while doing it.
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Nov 6, 2014 15:17
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Jesus Christ what is wrong with this guy
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Nov 6, 2014 15:17
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Renegret posted:Jesus Christ what is wrong with this guy That's the sense I get anyway, looking at all of his terrible, terrible threads in the LP forum.
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Nov 6, 2014 15:18
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I made a post on my Facebook profile asking people for advice on how to pick a financial adviser. I like my current adviser, and my friend who worked for a bank said that she's asking the right questions, but I decided it couldn't hurt to ask around and compare. This inspired a single older woman on my friends' list to start talking to me. She is in her 50s and has no retirement savings at all. She told me that meetings with her financial adviser make her feel exhausted and she's going to work for the next two decades.  I thought my retirement savings were really bad, because I need to basically triple what I'm saving in order to have 20 years' worth of a lower middle class income (I set the little marker for $44k/year) when I retire. If I'd been saving instead of doing my traveling/costume/unmedicated major depression bullshit, I probably wouldn't be in as scary of a situation. At least one friend in her mid 20s told me that she hasn't saved for retirement because she's so overwhelmed with student loans, traveling to visit family, and wedding expenses--and she is aware of the long term ramifications of this, since she worked in a financial planning office for five years... legsarerequired fucked around with this message at 16:21 on Nov 6, 2014 |
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Nov 6, 2014 15:25
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Renegret posted:Jesus Christ what is wrong with this guy
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Nov 6, 2014 16:24
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legsarerequired posted:I made a post on my Facebook profile asking people for advice on how to pick a financial adviser... Unless you make seven figures you don't need a financial adviser. You just need to read some of the books recommended in the OP of Long term investing.
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Nov 6, 2014 16:48
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There are a lot of people who are overwhelmed about money and have no clue what to do and seem to need someone to hold their hand with it. There are also a lot of people who could benefit from someone with more knowledge of the tax consequences of investing in non-retirement accounts. It would be like a cross between a flat fee financial adviser and a tax accountant.
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Nov 6, 2014 16:55
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Droo posted:There are a lot of people who are overwhelmed about money and have no clue what to do and seem to need someone to hold their hand with it. There are also a lot of people who could benefit from someone with more knowledge of the tax consequences of investing in non-retirement accounts. I know someone in particular who wants to do this later in life. Charge a flat fee to 20 somethings to tell them exactly how and why to invest in their retirement, work with 40 somethings who hosed up their retirement savings and need a helping hand, etc.
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Nov 6, 2014 17:01
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silvergoose posted:I know someone in particular who wants to do this later in life. Charge a flat fee to 20 somethings to tell them exactly how and why to invest in their retirement, work with 40 somethings who hosed up their retirement savings and need a helping hand, etc. I would love to become a no-bullshit financial adviser. A person who not only looks at people's investing, but their spending also, and calls them out on it. "What? You bought an SUV worth more than your annual net salary? That's bullshit. Sell it now. I don't care if you're underwater on the loan. It's still costing you money, rear end in a top hat!"
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Nov 6, 2014 17:09
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Droo posted:There are a lot of people who are overwhelmed about money and have no clue what to do and seem to need someone to hold their hand with it. There are also a lot of people who could benefit from someone with more knowledge of the tax consequences of investing in non-retirement accounts. That's why I'm talking to one. My previous employer set me up with a traditional IRA and I wanted to check with a professional that my idea to convert it to a roth IRA was the sensible one in the long-term. I probably won't talk to this lady after I take care of that. EDIT: Rick, I think she's actually going to do that to me. She sent me home with a budget worksheet lol. EDIT 2: I'm kind of concerned that I might be derailing the thread with personal finance chat--if anyone wants to give me input, please feel free to message me! Or if you don't have messaging, email me at sekprincess -at - gmail dot com. I really am open to ideas and feedback, but I don't want to derail the thread. legsarerequired fucked around with this message at 17:30 on Nov 6, 2014 |
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Nov 6, 2014 17:20
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legsarerequired posted:I made a post on my Facebook profile asking people for advice on how to pick a financial adviser. I like my current adviser, and my friend who worked for a bank said that she's asking the right questions, but I decided it couldn't hurt to ask around and compare. Protip: A lot of the advice you'll receive from financial advisors and retirement planners will include a stiff dose of fearmongering to scare you into giving them money to invest (which earns them commissions and fees.) Obviously more savings and less spending are both good things and I don't want to deter you from building a stronger financial future, but you really probably do not need to be in panic mode. You've mentioned that you're putting away $110 per paycheck + $68 employer match--if that's a twice per month paycheck that's honestly about enough to put you there, if you're planning on working to a full retirement age of 67. This is a minimum, granted, and anything you save above that is going to make your retirement more secure against future benefit cuts, employment setbacks, unexpectedly high inflation, etc. I absolutely would be trying to put a couple hundred more bucks away each month but you don't need to be self-flagellating over your lack of savings.
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Nov 6, 2014 17:20
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As
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Nov 6, 2014 17:21
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I can't give anybody poo poo about investing. I see threads like this and I can't even figure out why some of these are bad. This guy seems like he's buying stock on a "OMG you guys, nobody else is buying this - IT HAS TO BE A DEAL!" without much concern as to why nobody else is buying it. I also see a lot of "hedges" without much actual investment to hedge against? I dunno, I guess I'll keep buying index funds. Content: Disney Guy at my office, who I've mentioned before, just bought a brand new car. He explained one of the reasons he bought this model was that "I wasn't going to buy another car without a navigation package." According to the website for this car, that package is about $1500. You know, for something his phone does already. And does it better because you don't have to take the car along to use it. He also just got back from Disney, so of course he restarted his whiteboard countdown timer until his next Disney trip. It's now at 98 days. He's flying down to Orlando, but that's not bad. Without kids to buy tickets for it's actually a little cheaper to fly than drive from our city. He's chattered about Disney so much in the past month that 2 people, to whom I've never mentioned this topic to before, have approached me and started sentences with "If I have to hear about Disney one more time..." Edit: Added quote so you it would be clear what I was replying to. Folly fucked around with this message at 17:45 on Nov 6, 2014 |
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Nov 6, 2014 17:42
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Hey this guy invests in stocks the same way I do! ...the difference is i only ever invest with play money because I know I am horrible at picking stocks and when my 401k got rolled over to an IRA my choices were "proven fund, proven fund, another fund, and a bunch of bonds" Sure, this means I probably won't be able to cash it out at 59 1/2 and a live the good life for the next 30 years after, but on the other hand, it means i probably will be able to retire.
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Nov 6, 2014 18:02
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Do most of your family members die with enough money to put dirt over their heads and not risk getting eaten by wild dogs? Because I'm 0 for 2 with my dad's family. I was all excited when I saw Granny had a 10k life insurance polic...accidental death and dismemberment? On a homebound 87 year old? Who the gently caress picked this policy? I guess dying with no more money left to spend is a form of winning, right?
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Nov 6, 2014 18:28
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Krispy Kareem posted:Do most of your family members die with enough money to put dirt over their heads and not risk getting eaten by wild dogs? Because I'm 0 for 2 with my dad's family. My dad always said his goal in life was to die with $0 in his bank account, becase that means he didn't waste a single dollar that he could have spent enjoying life. He's also very, very good with money and taught me to invest too, so i wouldn't even mind not getting an inheritance.
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Nov 6, 2014 23:37
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Folly posted:I can't give anybody poo poo about investing. I see threads like this and I can't even figure out why some of these are bad. This guy seems like he's buying stock on a "OMG you guys, nobody else is buying this - IT HAS TO BE A DEAL!" without much concern as to why nobody else is buying it. I also see a lot of "hedges" without much actual investment to hedge against? I dunno, I guess I'll keep buying index funds. Please don't post anymore about Disney guy, it's so sad it almost makes me start to tear up.
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Nov 7, 2014 02:31
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IAMKOREA posted:Please don't post anymore about Disney guy, it's so sad it almost makes me start to tear up. I love hearing about Disney guy. Photos of the countdown please.
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Nov 7, 2014 02:35
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kidhash posted:I love hearing about Disney guy. Photos of the countdown please. Seconded. My life sucks right now, I want to revel in this fucker's stupidity.
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Nov 7, 2014 02:37
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kidhash posted:I love hearing about Disney guy. Photos of the countdown please. I'm fascinated by a grown-rear end adult being so infatuated with Disney. At least he went during the Food & Wine Festival which is one of the few reasons it's acceptable & not creepy for adults without kids to be at Disney.
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Nov 7, 2014 02:47
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NancyPants posted:Seconded. My life sucks right now, I want to revel in this fucker's stupidity. My life is good right now, but I also want to revel in this fucker's stupidity. Sneak a countdown photo into the thread.
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Nov 7, 2014 03:42
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I have some friends, a couple, that make me think of this thread. They bought their place about 6 years ago for about $280,000. Spend all of their money of dumb poo poo like smokes (pack a day each), booze (rip off ready to drink type booze), expensive pets and just lots of little lovely 'keeping up with the neighbors' type stuff. Between them they would be lucky to earn 100k a year. So 6 years later, they still owe $280,000 on the house because they keep redrawing on the loan to pay off the credit cards they keep maxing out. My buddy refuses to get a better paying job, even though he has been offered better jobs, because he feels like he is going to make his big break soon at his current employer. I don't think they have given him a pay rise is a few years, in reality he is is a expendable position and he is very comfortable. So they decided to get the house reevaluated to something like $360,000 and they have used all that extra cash to pay for new cars, pay off credit cards (one good thing I guess) and overseas holidays (leave the kids at home though) because "we have been working hard". Dudes going to be in debt for the rest of his life, every year the debt is piling up even though the house is increasing in value but there is no telling him what's best. Pretty pathetic watching the train wreck.
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Nov 7, 2014 03:48
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CheeseFactory posted:I have some friends, a couple, that make me think of this thread. What housing market has seen prices increase 80k since 2008? My home lost about 80k in value since that time. Unless this is another country (Americans don't usually call vacations "holidays"). Krispy Wafer fucked around with this message at 15:21 on Nov 7, 2014 |
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Nov 7, 2014 14:49
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Krispy Kareem posted:What housing market has seen prices increase 80k since 2008? My home lost about 80k in value since that time. Canada on the whole for one, specifically large cities like Toronto and Vancouver: http://forums.somethingawful.com/showthread.php?threadid=3533827 My house (suburb of Toronto) has gone up about $150K in 5 years, based on what similar models are selling for now in the area. Don't worry though - our come-up-its are on the horizon.
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Nov 7, 2014 15:10
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Krispy Kareem posted:What housing market has seen prices increase 80k since 2008? My home lost about 80k in value since that time.
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Nov 7, 2014 15:52
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moana posted:San Diego, my home has increased about $150k since I bought in early 09. Most places, I imagine. 08 was the bottom of the curve just about everywhere, wasn't it? Not here in Vermont! Selling my house and gonna eat a $30,000 loss.
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Nov 7, 2014 15:54
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Spermy Smurf posted:Not here in Vermont! Selling my house and gonna eat a $30,000 loss. Depends where you are in Vermont. My house has gone up in value.
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Nov 7, 2014 16:17
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moana posted:San Diego, my home has increased about $150k since I bought in early 09. Most places, I imagine. 08 was the bottom of the curve just about everywhere, wasn't it? I was under this impression myself, but nope. There were two significant local minima; one in early 09, one in late 2011/early 2012. Nationwide, the 2012 minima was substantially lower than the 2009, although that wasn't the case in a lot of places (including San Diego). It looks like in most areas prices have gone up to around 2008 levels.
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Nov 7, 2014 16:30
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kidhash posted:I love hearing about Disney guy. Photos of the countdown please. Disney guy owns. I almost wish I got daily emails with whatever the gently caress he was up to. You should get him to buy himself a gopro, so we can watch him walk around Disney all day, or whatever the gently caress you do there for the 80th time.
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Nov 7, 2014 16:33
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moana posted:San Diego, my home has increased about $150k since I bought in early 09. Most places, I imagine. 08 was the bottom of the curve just about everywhere, wasn't it? Depends on the area. Average home sale prices actually went up in my area in 2008 since a lot of people who wanted to sell couldn't because appraised values dropped so suddenly. So any homes that did sell were the really good ones that could command a premium. Then the foreclosures came and prices took a nose dive. My state had the 2nd or 3rd worst foreclosure numbers in the country, so it's taken a lot longer for a recovery.
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Nov 7, 2014 17:14
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It's incredible that in a lot of areas, housing prices are well above the bubble. It's just that those areas the the 'nice ones' and the 'bad ones' are still incredibly depressed and going through foreclosures.
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Nov 7, 2014 19:52
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TLG James posted:Disney guy owns. I almost wish I got daily emails with whatever the gently caress he was up to. I doubt I'll be able to get a photo before the joke goes stale. His cube is in a high traffic area, so I doubt I'll get a good chance to take a picture without looking creepy to somebody. And there's only so creepy I'm willing to be at work. Just picture one of those tiny whiteboards, like the kind you'd put on a fridge or dorm room door. It has a 97 on it and there are little Mickey Mouse ears on the 9. (I think the ears were on the 8 yesterday.) I did find out that his second trip this year is timed around some other conference he attends already being in Orlando, so that's a lot more reasonable. Sorry. Really, other than the Disney obsession and the terrible spending habits, he's an outgoing, professionally competent, married guy. I can't easily guess his age because he's got that slightly pudgy build common in IT (makes you look older) and he got that laser hair removal on his beard (makes you look younger). Oh, except for his mustache, he kept the mustache.
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Nov 7, 2014 20:09
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Folly posted:I can't easily guess his age because he's got that slightly pudgy build common in IT (makes you look older) and he got that laser hair removal on his beard (makes you look younger). Oh, except for his mustache, he kept the mustache. Wait, laser beard removal is a thing? Did he just get sick of shaving, or what?
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Nov 7, 2014 20:22
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Laser hair removal to keep yourself from being able to grow a glorious beard - but keep the mustache area? Talk about bad with money...
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Nov 7, 2014 20:22
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Yes, according to him he just got sick of shaving. Picture a shorter, less-fat version of Farva. (Appearance only, not personality. He's a fairly genial guy.)
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Nov 7, 2014 20:35
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Krispy Kareem posted:Do most of your family members die with enough money to put dirt over their heads and not risk getting eaten by wild dogs? Because I'm 0 for 2 with my dad's family. Sure is better than letting it go to kids who didn't do poo poo to earn the money.
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Nov 7, 2014 21:13
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Folly posted:Yes, according to him he just got sick of shaving. Picture a shorter, less-fat version of Farva. (Appearance only, not personality. He's a fairly genial guy.) In my head he's Bernie, from the Jack Black movie. vv saaaaame i say swears online fucked around with this message at 01:49 on Nov 8, 2014 |
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Nov 7, 2014 22:37
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Aliquid posted:In my head he's Bernie, from the Jack Black movie. I went into that movie completely cold, and had one of the most magical film experiences of my life.
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Nov 7, 2014 22:50
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Not a Children posted:Wait, laser beard removal is a thing? Did he just get sick of shaving, or what? I've actually thought about this. I can't really grow facial hair into anything that doesn't look like poo poo, it's tempting to get ~3 minutes of my morning back and never have to worry about buying shaving cream/razors again (already do double-edged razors, not really much money left to save), not to mention having one less thing to pack when I travel. Probably won't though 
Pompous Rhombus fucked around with this message at 23:21 on Nov 7, 2014 |
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Nov 7, 2014 23:18
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